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September 14, 2010

Written by Bob Meyer, Editor of BarterNews

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Commercial Trade Exchange Industry Receives Favorable Response From European Commission

Commissioner Michael Barnier, responsible for internal market and services in the European Commission, has provided a letter to both the IRTA Europe chairperson Dorottya Szaba and to David Wallach, president of the International Reciprocal Trade Association.

The letter outlines the recognition of a trade credit, i.e. when a trade exchange uses the IRTA “model contract” with their membership base for the clearing of goods and services. More importantly, it asserts that the trade credit will not be considered a security. This letter of announcement is a major advancement for the commercial trade exchange industry in Europe, because trade credits will not be considered a security.


* * ANNOUNCEMENT * *

25 Years Of BarterNews Issues Now In Digital Format

Welcome to the largest repository of barter contacts, strategies, and barter techniques in the world. All 64 issues of BarterNews now available in digital format at http://www.barternews-ezine.com.


·         International visitors look for BARTER CONTACTS in our Global Barter Section. If YOUR exchange isn’t listed see the forms on the lower left of the page. (Click here.)

·         Attention trade exchange owners...thousands of visitors every month visit our BARTER CONTACTS section on our web site where we have names & addresses of barter companies in the USA. If YOUR exchange isn’t listed, or the information is incorrect, you can correct the situation by using the forms to the lower left of the USA map. (Click here.) 

Click here www.barternewsblog.com.


Edward M. Eglowsky

(February 20, 1940 - August 26, 2010)

Ed Eglowsky, founder and president of Genesis, passed away last month at the age of 70. He was a dear friend to many of us in the barter industry, and will be missed. Eglowsky loved life and especially enjoyed a gourmet meal with a good bottle of Pinot Noir. But most of all, with the exception of his children, he loved his work. Genesis was his passion as well as his drive in life.

At this time, Genesis International and Genesis Gallery are being dealt with in the utmost professional manner. It is the company’s main goal and intent to make this transition as seamless as possible. 

If you have any questions, you may e-mail Jacqui Macy Smith at Genesis.Macy@gmail.com.


Money-Making Reports Available From BarterNews


New Bank Rule Changes Will Push Barter’s Use

It will be years before some of the new proposed bank rules become effective, but when they do the use of organized barter could be enhanced. As we have pointed out in BarterNews over the years, barter is an effective and versatile business tool on virtually every level of business, from the small entrepreneurially-driven business on up to international multi-national organizations.

And, to various degrees, all business sectors rely on outside capital. Theses new banking rules on the horizon will alter the banking business, not only by limiting risk-taking and the cost of loans, but by providing a shot-in-the-arm to the commercial barter industry. This is already underway, as regulators from 27 countries have just concluded a far-reaching meeting this past weekend in Basel, Switzerland.

Details will be forthcoming over the coming months as the plan crystallizes, but essentially major global banks will be required to retain much greater levels of capital as a percentage of their assets to protect against potential losses. the purpose of this plan is to avoid a repeat of the financial crisis of 2008. It will not only transform banking and potentially drive up rates on deposits, but also will raise the cost of loans and crimp their availability.

As indicated these new rules will take years to implement, but the business community would be wise to realize what’s coming and begin immediately to embrace barter — using their products and services — as another financial alternative.


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How Rich People Think

 By Steve Siebold

When it comes to money and wealth, there are obvious differences between the middle class and the rich. The middle class operates from a fear-based consciousness, always worrying about the uncertainty of the future and therefore trying to protect and hoard their money. Rich people, on the other hand, operate from a mindset of freedom and abundance.

Saving and investing is important to them, but they direct their mental energy toward accumulating wealth through serving people and solving problems. World class people know that the secret to becoming a millionaire isn’t in the mechanics of the money, but in the level of thinking that generates it.

The beliefs and philosophies about money for the rich and the middle class aren’t just different, they’re extreme! Here are just a few examples that emphasize the differences:

·         Middle class focuses on saving. World class focuses on earning.

·         Middle class believes hard work creates wealth. World class believes leverage creates wealth.

·         Middle class believes money is earned through labor. World class believes money is earned through thought.

·         Middle class worries about running out of money. World class thinks about how to make more money.

·         Middle class sees money through the eyes of emotion. World class sees money through the eyes of logic.

·         Middle class believes getting rich is outside of their control. World class knows getting rich is an inside job.

·         Middle class has a lottery mentality. World class has an action mentality

·         Middle class is waiting to be rescued from financial mediocrity. World class knows no one is coming to the rescue

·         Middle class equates money with stress. World class equates money with peace of mind.

For more on the subject by Siebold, a mental toughness coach, plus a free download of several chapters of the book click here.


The Growth and Use of Secondary Capital (New Money) Creates Unprecedented Wealth In Today’s New Age Of Possibility

There are many forms of secondary capital—which can be defined as any financial instrument that measures and communicates value in a common language. Would you like to see and learn more about the many forms of secondary capital?

 We have 70 free, informative and inspiring, articles for you in our “Secondary Capital Section.”

Check it out... www.barternews.com/secondary_capital.htm.


Get New Money-Making Ideas And Valuable Contacts!

You can obtain useful, informative ideas and contacts in every available back-issue of BarterNews.


Every barter company in the world is listed on our web site, click through to our Global List of Barter Companies.


Give A Gift To A Friend Or Associate. If you know someone who might benefit from this newsletter, feel free to forward it to them! (See the “box” at the end of the newsletter for the forwarding service.)


We welcome your comments, questions, and observations.

© Copyright BarterNews 2010. Redistribution of BarterNews content expressly prohibited without the prior written permission of BarterNews.
 

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