by Bob Meyer, Editor of BarterNews
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From the desk of Bob
Idea + $27 = Nobel Peace Prize!
Muhammad Yunus, when taking a trip to the village of Jobra
in Bangladesh during the devastating famine of that year,
met a woman who was struggling to make ends meet as a weaver
of bamboo stools.
to borrow money to buy materials; but having no assets the
conventional banks shunned her. Her only option was to turn
to local money-lenders whose extortionate rates of interest
consumed nearly all her profits.
then a professor of rural economics at Chittagong
University, reached into his own pocket and gave the woman
and several of her neighbors loans totaling $27. When they
surprised him and paid back the loans, he started traveling
from village to village offering more tiny loans. And in the
process, cutting out the greedy middlemen.
to his founding of the Grameen Bank (Grameen means ?village?
in Bengali), and the rest is history. The bank has now
loaned $5.72 billion to 6.6 million Bangladeshi, 97% of whom
were women, and today provides services in more than 70,000
Muhammad Yunus received the Nobel Peace Prize, a
long-overdue stamp of international recognition for his
accomplishment of the seemingly impossible. He enabled
millions of people to become productive, self-reliant
citizens by extending them a little credit, so they could
fight their way out of poverty and climb the economic ladder
popularized the term ?microfinance,? and there are now
several web sites that enable individuals to give or lend
small amounts of money to others who post their funding
needs. One is
www.donorschoose.org, where public-school teachers
can post wish-lists for supplies and resources their budgets
won?t cover; later kids often send pictures and thank-you
notes to the donors.
works similarly but funds small charitable projects around
the world, and
connects users with loan-seeking entrepreneurs outside the
United States. At
those with money to lend can view requests from U.S.
residents with Social Security numbers. (The sites all have
layers of safeguards, such as verifying hardship tales and
checking terrorist databases.)
Barter Funded $50 Million In Scientific
the Federal Department of Fisheries and Oceans (DFO) had
been paying for scientific research with fish. The
department offered fisherman extra quotas of snow crab and
other species, in exchange for scientific surveys and stock
But then a
New Brunswick crabber went to court, arguing that the
fisheries minister had no right to take quota from his fleet
to pay for scientific research. A federal court of appeal
backed him up, ruling that that the scheme was illegal
because the minister was paying with assets that didn?t
belong to him...in effect misappropriating resources.
The DFO is
now conducting a review to see how much of its science will
be affected ,and how many programs it may have to pay for
out of its budget. It was estimated that about $50 million
worth of scientific research was acquired through the barter
IMS Kicks Off Its Holiday Expos With Major
Success In Chicago
International Monetary Systems (OTCBB:INLM) used the newly
acquired Illinois Trade Association?s Annual Trade & Holiday
Gift Show at Harper College in Palatine as a launch pad for
the company?s upcoming series of eleven Barter Expos.
interest along with a record attendance carried the day at
the October 21 holiday show in Palatine. IMS expects large
client turnouts will also take place in the scheduled cities
of Milwaukee (WI), Modesto (CA), Columbus (OH), Reno (NV),
San Jose (CA), Hartford (CT), Denver (CO), Chattanooga (TN),
Santa Rosa (CA), and Las Vegas (NV).
further details, contact the office nearest you for dates
Suze Orman Advises Barter As Means For
Business Women To Find Greater Wealth
financial advisor Suze Orman, writing in the November issue
of PINK, says business women should learn more about
barter, because it?s one of the twelve ways women can find
financial liberation. Orman suggested it?s an excellent
means for obtaining travel, dining, giving gifts and
conducting business without using cash.
week?s issue we reported that TeleTrade International (www.eValues.net)
was the only barter site certified to be 99% hacker
safe...due to an independent, daily certification program.
That report was incorrect, as we later learned. Other online
barter sites that have third party certified verification
China?s Reserves Top $1 Trillion
holdings of foreign currencies and securities now top $1
trillion...a sum greater than the annual economic output of
all but nine countries. Roughly 70% of the Chinese reserves
are believed to be in U.S. dollar assets and 20% in euros.
Another 10% are in other currencies, including the Japanese
yen and Korean won, according to economist Brad Setser at
Roubini Global Economics.
indication of the worldwide respect China is getting is the
recent initial public offering of Industrial & Commercial
bank of China, Ltd. the world?s biggest IPO which starts
trading October 27. It attracted $350 billion of demand from
global investors and $80 billion from domestic investors for
the $21.9 billion deal! (China Merchants Bank Ltd. had $100
billion of demand for its $2.4 billion deal last month.)
All back issues of
"From the Desk...? can be accessed by
free to forward our newsletter to your friends and
colleagues. We have a ?box? at the end of the
newsletter for your convenience.
See you next week. . .)
It Was A Great Year For ITEX
The fiscal year for ITEX Corporation
(OTCBB:ITEX), the largest trade exchange in North America with a
22,000 membership base, ended July 31, 2006, with the company
announcing some very impressive figures:
? Income from operations increased 84% to
? Operational cash flow was up 118% to
? Revenue increased 43% to $14,657,000.
? Total net income was $3,433,000, up 2-cents
to 18-cents a share (diluted).
? Liabilities decreased 35% to $2,695,000.
? Assets increased to $10,663,000 compared to
$9,125,000 in 2005.
? More than $300,000,000 in ITEX dollar
transactions were completed by processing approximately 300,000
Steven White, Chairman and CEO, noted, ?Our
strong cash flow allowed us to repurchase 1,050,000 shares of ITEX
stock in fiscal 2006, and to prepay a significant portion of the
debt associated with the acquisition of BXI.? (Subsequent to the
July 2006 fiscal year end, ITEX retired all BXI-related debt, as
announced on October 5, 2006.)
For more information on the ITEX
Corporation?s report on Form 10-KSB, see:
& Medium-Sized Enterprises Should Take Advantage of ?Countertrade?
According to Malaysian Scholar
professor Nelson Ndubisi, from Monash University Malaysia?s School
of Business, says that Malaysia?s small and medium-sized enterprises
(SMEs), which often lack resources and expertise, can take advantage
of countertrade as a means to gain entry into foreign markets.
SME-Enterpreneurship Global Conference 2006, held October in
Petaling Jaya, Ndubisi told the FinancialDaily that a few companies
in Malaysia have done it but it?s not popular yet, although there
were six models of countertrade.
explained countertrade isn?t necessarily a barter deal, meaning the
exchange of goods. It can be an exchange of anything, such as
resources, expertise or ideas between interested parties.
According to a report by Bank Negara Malaysia, only 5% of the SMEs
in the region had fully automated operations, while 48% reported a
low usage of computers at work.
Most-Used Business Clich? In Top News & Business Publications
What is the
most used business clich?found in the nation?s best-known news and
business publications? Select from the following:
In the black
The answer is ?at the end of the day,? according to the Factiva
Media Visibility Index?s analysis. That phrase showed up 12,460
times within a six-month period...more than the combined total of
the two runners-up: ?in the black? and ?in the red,? 4,876 and 4,628
In the red
Level playing field
Think outside the box
At the end of the day
Advertising In Return For Overstock Product
Entertainment has signed an exclusive deal with Inc. to provide the
fast growing broadband video network with national advertising on a
barter basis. Platinum will place national advertising on TV4U?s
eight-channel web network, from advertisers with overstock inventory
distribute product secured via barter over
www.shortlineshop.com. The firm specializes in providing
national television advertising utilizing major cable assets, as
well as internet advertising at
known for its computer TV program ?Digital Turf,? which ran several
years in syndication. They also were a pioneer in the sports
memorabilia-based radio programming, which aired for several years
on network radio.
The Easiest $100,000 You?ll Ever
Bring To The Bottomline!
cash, as usual, from the guest accounts staying at your
facility that require the use of professional AV services.
And rather than shouldering your ongoing employee costs, or
your current vendor?s cash agreement for AV services,
here?s a much better alternative:
with a proven national vendor (a sterling 25-year track
record) who will provide all of the AV services for your
hotel on a 100% TRADE BASIS! (Payment to be in the form of
hotel rooms and/or trade dollars.)
Your hotel?s annual AV billings must be a minimum of $200,000, and this
offer is available only in the continental United States.
confidential introduction contact Bob Meyer via e-mail:
(Please type in AV Services On Trade in the subject
line of your e-mail.)
Attention Trade Exchange Owners:
member hotel(s) have a minimum of 10,000 sq. feet of meeting
space and annual billings of at least $200,000 for AV
services this is a great opportunity to earn substantial
cash service fees on the hundreds of thousands of trade
dollars your hotel member will be paying the vendor. Contact
Bob Meyer at the above e-mail.
How To Get More Sales In
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant?s sales & profits.
Our Web Site Has A Search Tool For You
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At the top
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The Growth and Use of Secondary Capital (New Money) Creates
Unprecedented Wealth In Today?s New Age Of Possibility
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...
Trade Exchange Owners...
Build Rapport & Empathy With Your Client Base!!
most powerful marketing tool in the barter industry, The
Competitive Edge newsletter, is a monthly, ready to use,
professional 4-page publication...no work is needed! (Click
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
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