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November 30, 2010

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer... 11/30/2010

Older Americans� Credit Card Debt Growing

Public policy group Demos, reports that Americans 65 and older carry a balance on their credit cards that averages $10,235, up 26% from 2005. The Washington DC-based firm noted that 50% of seniors cite credit card interest and fees as a reason for their bankruptcy filings.

IRTA Euro/Asian Chapter Formed

On October 30, 2010, six European and Asian member companies of the International Reciprocal Trade Association properly submitted a written chapter application to the IRTA Global Board of Directors for approval, pursuant to IRTA Global Bylaw requirements. The application was approved unanimously by the IRTA Global Board of Directors, and therefore the IRTA Euro/Asian Chapter has been officially approved and formed.

For more information on IRTA click here.

TradeAmericanCard Expo Slated For December 4

Saturday, December 4, is the date for the 35th annual TAC Holiday Barter Expo. The location will be the Business Expo Center, next to the Angels Stadium, from 10am to 3pm.

For more information call 714-532-3500.

All back issues of "From the Desk...� can be accessed by clicking here.

(Please feel 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. . .)


U.S. Bank Expands ITEX�s Line Of Credit To $3 Million

ITEX Corporation (OTCBB:ITEX), a leading marketplace for cashless business transactions in North America, has announced that the credit facility with its primary banking institution had been expanded to $3 million.

ITEX, the nation�s largest trade exchange, and U.S. Bank entered into an agreement to increase the maximum loan amount under its revolving credit facility from $2.5 million to $3 million. The interest rate of the facility is one-month LIBOR + 2%; equivalent to a current interest rate of 2.3125%.

Steven White, ITEX Chairman and CEO, noted, �U.S. Bank has been a great partner over the years and we appreciate the support it has provided to help us expand our business. We are in a great position to pursue opportunities as they may arise, with access to more than $8 million in capital, which includes our existing cash reserves.�

Timothy J. Flynn, Vice President of Commercial Banking for U.S. Bank, commented, �We are pleased with ITEX�s consistent financial performance and overall success during the last seven years. During this period, ITEX has done an exceptional job strengthening its balance sheet and demonstrating sound fiscal management. These factors, along with our positive and open communications with the ITEX management, were instrumental in approving the line of credit.�

For more information on ITEX click here.


Is Your Trade Exchange Missing Out On Valuable New Business?

If your barter company�s listing on BarterNews.com isn�t current, you are definitely missing out on new business. The web site BarterNews.com receives heavy traffic � with over 150,000 page-views every month. Entrepreneurs and corporate executives check the thousands of articles, the weekly �Tuesday Report,� and the �Contacts Section� of our site. They use the latter to find barter companies with which to do business.

Is your barter company�s listing up-to-date?

To keep your listing current is very easy. See the links below to (A) update any changes to your company�s listing, such as new location, phone number, web site or other information, and (B) if your company has not been listed.

Here�s how to get on board:

To make changes to your listing click here.

For new listings click here.


What Will Life Be Like In 10 Years?

Peter Ueberroth, former Major League Baseball Commissioner and organizer of the 1984 Summer Olympics in Los Angeles, recently looked into the future. His interesting observations are as follows:

         China�s economy will have more than doubled and be closing in on the United States. The reason for this is primarily poor leadership by both U.S. political parties as they ignore or attack the entrepreneurial private sector, which is the engine of our economy and jobs.

         Immigration will be better in the Unites States because Canada, Mexico and the U.S., will realize there�s an advantage for the three countries in North America to be working together rather than struggling separately. Each country can grow its national pride and, at the same time, they can support North America unity.

         There will still be a large surplus of office space in this country. Thirty percent of the working public will be working from home or at very small workstations at their companies.

         The environment will be better because current scare tactics will be replaced by real science and a universal global commitment that all citizens want to clean up after themselves for the next generation.

         India will have surpassed China as the most populous country in the world � China�s one-child-per-family policy being the factor.


* * 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.


�Independent store owners who choose to compete � and implement innovative strategies � really can succeed in going head-to-head with anybody.�

�Don Taylor, author of Up Against the WalMarts.

A successful independent retailer today sees the super-stores and chains as �steamships plowing through the ocean, and themselves as the sleek race boat zipping around and through them, and changing direction on a dime!�

It�s a tremendous (and needed) advantage when going up against the superior resources of the giants, according to Don Taylor, author of Up Against the WalMarts: How Your Business Can Prosper in the Shadow of the Retail Giants.

More than ever, independent retailers know and understand that it is necessary to adapt to their customers. So the number one question they�re asking is: �How can I better serve you?�

One of the top strategies the wise retailer uses for increasing business is working with his local trade exchange, where additional sales are realized without upsetting the cash market. So it�s the best of both worlds.


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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.


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