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October 24, 2006

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer...10/24/06

Idea + $27 = Nobel Peace Prize!

In 1976 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.

She needed 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.

Yunus, 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.

That led 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 villages.

This year 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 with dignity.

Yunus 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, 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 Research

In Canada, 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 assessments.

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 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 project.

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.

All-time 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).

For further details, contact the office nearest you for dates and directions.

Suze Orman Advises Barter As Means For Business Women To Find Greater Wealth

Famed 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.


In last week?s issue we reported that TeleTrade International ( 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 include:, and

China?s Reserves Top $1 Trillion

China?s 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. 

Another 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 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. . .)

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 $1,341,000.

? Operational cash flow was up 118% to $1,836,000.

? 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 transactions.

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:

Small & Medium-Sized Enterprises Should Take Advantage of ?Countertrade? According to Malaysian Scholar

Associate 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.

At the 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.

Ndubisi 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
In the red
Level playing field
Think outside the box
Low-hanging fruit
At the end of the day

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 respectively.

TV Advertising In Return For Overstock Product

Platinum 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 to peddle.

Platinum will distribute product secured via barter over The firm specializes in providing national television advertising utilizing major cable assets, as well as internet advertising at

Platinum is 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.

Hotel General Managers

Here?s The Easiest $100,000 You?ll Ever
Bring To The Bottomline!

Collect 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:

Work 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.

For a 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:

If your 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.


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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...

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