MORAL ARMOR'S Economic Warning for Americans

by: Ronald E Springer
Copyright 2005 Ronald E Springer

For years wefve suffered under recession, prompting us to ask, When will it end? My answer is, gItfs only the beginning.h

Historically, recessions are the result of high interest rates, pushed up as the result of loose money policies. Recovery comes when citizens begin to spend more wisely, save money and pay off their debts, but not this time. Never before have credit policies been so loose for so long, and there has been no decrease in consumer debt. Itfs still on the rise, but Americans are NOT fundamentally to blame; immoral monetary policy is.

Banks used to consider a safe loan applicant to have a 36% or less Debt to Income Ratio (debt divided by gross income). This percentage is a time-proven figure indicating the financial health of an individual. Now, during the worst economy in twenty years and with no signs of recovery, our banks gladly loan to applicants with a 56% Debt to Income. What has changed? Are banks suddenly more generous? I donft think so. One good question to ask is, Why are banks willing to accept the additional risk? But the real question to ask is, Where is this money coming from?

Not one in a thousand Americans knows the true nature of our banking system, so they have no idea that what happened in 1929 is about to happen again. Nor do they know that it was done deliberately then, and is being done deliberately now.

We have in this country one of the most corrupt institutions known to Man, and I refer to the Federal Reserve. Since itfs inception in 1913, every dollar created has interest being paid on it as if it were borrowed. This debt cannot be extinguished without destroying the currency itself, and has spawned a nightmare of debt that presently amounts to over $360 Billion in interest paid per year, accounting for half the personal income tax of the nation. Due to this, America is forced to create $7 Billion daily to cover the $1 Billion it pays in interest daily due to the Federal Reserve System. This is where the public comes in.

Federal Reserve bankers have to find a way to spend $6 Billion every day while masking the inflation it causes. Throughout the nineties it was done through real estate and the stock market. Now it is almost exclusively being put into real estate. How on Earth could so many mortgage companies be offering interest only, no money down, multi-hundred thousand or million dollar loans with high applicant debt ratios?

Here is a hypothetical example of whatfs going to happen: Your mortgage banker tells you that with a 56% debt ratio, you can afford a $300,000 home, no money down. You secure the loan at 4%, costing $1432 per month. A few years later, youfre thrown out of work for three months. Back payments amount to $4296 plus late fees, legal fees, etc., and another $5k on cars, credit cards and everything else. Unable to catch up, youfll try to refinance, but interest rates have moved up to 7%. A $310,000 loan now costs $2062 per month?more than you can afford, but banks will have tightened lending policies back to 36% and you no longer qualify for the home you own anyway. Accounting for all other debt, you now qualify for a shocking $360 per month. You are trapped, and the new bankruptcy laws they pushed for will never let you walk away.

You owned this home in a perfect numbers scenario, but any complications?unemployment, salary reduction, interest rate increase, debt ratio change, bruised credit rating, depressed home values--and youfre cooked. One mishap and every financial measure works against you. Your financial angel has suddenly become your greatest enemy. Welcome to the Federal Reserve System and their freshly engineered worldwide depression.

If you were to approach the housing market fresh, you would find that you only qualify for a $55k house now, along with the market of buyers you were hoping to unload your balloon-house on. The bank forecloses, auctions it off and youfre personally responsible for the difference, which could be massive. Bankruptcy is right around the corner, and deplorably, you are the only one who will be held accountable. You will then be a debt slave as the Federal Reserve intends, and game over.

My advice is to get as financially stable as you can. Mathematically, our situation is much worse than that of the Great Depression. No matter how generous these bankers appear, pare down monthly outlays to 36% D/I or less. Set aside three to six months of mortgage payments in case you become unemployed. Make sure you can ride out the storm.

We are coming to a point in American society to where itfs either them or us, and mass awareness is the key to our survival. Most believe the Federal Reserve is a part of the government, but itfs just a name. The Fed is a private corporation set up for private gain, with a dark history of stock market crashes, financial panics, political manipulation and ultimately, mass poverty and hunger riots. Our struggle is not new: currency control has switched from public to private hands EIGHT times since our countryfs inception, and needs to be reclaimed by the people, one last time.

Donft think you can play helpless and expect our political leaders to protect you from financial calamity; they never have. You must become Morally Armed on your own. Donft be coaxed into believing the system is optimized for the good of all. The Federal Reserve System is not an equitable institution, and it was never intended to be. They believe if they have us strung out on debt, we are no threat to them. Let us prove otherwise.

Currency reform is the most important issue facing Americans today. How it plays out will determine whether you and your children eat or not, whether you have a place to live or even a future to look forward to. The major media will ridicule anyone speaking against the Fed, so to validate historyfs greatest moral dilemma for yourself, just google gJackson bank veto.h

America must abolish the Federal Reserve System to regain control over the economy and our government. For a concise history of world monetary policy and how it shapes world events, see Moral Armor. Then share this knowledge with your friends. Email this article to everyone in your address book and stay tuned for further developments. Wefll change the system together and bring a brighter dawn to Mankind.


About the author:
Ronald E. Springer is the Author/Philosopher of Moral Armor, the world's first fully-integrated moral philosophy based on the nature of Man. Featured on The Mitch Albom Show, NBC and FOX News radio affiliates, Mr. Springer is available for interviews, speaking engagements, philosophy workshops and seminars. Please contact RonaldESpringer@MoralArmor.com or visit www.MoralArmor.comfor details.

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Legal Debt Collection For Local Businesses

by: Joel Walsh
If a customer owes your local business money, it's hard not to feel angry, like you want to do anything possible to get your money back. But the days of going all out to collect on a debt over.

The Fair Debt Collection Practices Act, designed to protect consumers from harassment or intimidation, sets firm limits on what you can do to collect a debt from a consumer. The federal debt collections law even prohibits practices that were once standard, and that you might not consider harassment at all.

Besides, as a local business, you have an even more powerful reason to be especially careful about legal debt collection issues. You have something much more valuable at stake than a lawsuit: your business's reputation in the community.

Legal Debt Collection Best Practices

There are plenty of articles on the web that lay out in plain English what the Fair Debt Collections Practices Act says you can and cannot do. For instance, this article: [link to small business debt collection law cheat sheet] Just to give you some idea of the law's requirements, here are some of the biggest:

1. No telling any third party about the debt (except collection bureaus, collection agencies, or the debtor's attorney).

2. No calling on the telephone 9 pm - 8 am, or calling repeatedly in a way that is annoying.

3. No postcards or envelopes that mention the debt.

4. No threats to take actions you cannot or will not really take, such as seizing property, in the case of an unsecured debt.

5. No misrepresenting yourself (e.g., "Hi! This is the Publisher's Clearinghouse Sweepstakes. May I speak to John?").

6. No paying down the debt with payments the customer has directed be applied to other debts

Tips and Tricks for Legal Debt Collections

With all these limits on what you can do to collect a debt, what can you do legally?

1. Speak with the debtor personally on the telephone; most likely he or she wants to pay but is in over his or her head. Begin by asking what circumstance has kept him or her from paying. Offer to set up a repayment plan.

2. You should both send letters and make telephone calls. Many people will only respond to one or the other.

3. Document every part of the collections process. Take notes for each call and keep a copy of each letter. If the debt does ever go to court, you will have proof you acted legally.

4. Look into reporting the debt to credit bureaus. If you can, and are willing to do it, you can tell the debtor that not paying will impact his credit rating.

5. Best tip of all: hand over the job to a dedicated collection agency. Small business debt collection services start at as little as $20 per debt.

The fight to get paid is a fight no business should have to involve itself in. Unfortunately, debt collections are a part of business. Just make sure that for your local business debt collection law is followed to the letter, or legal proceedings may become part of your business, too.

About the author:
Joel Walsh has written more tips on debt collection law: http://www.debt-collection-laws.com/?debt collection law [Web publication requirement: create live link for the URL/web address using "debt collection law" as visible link text/anchor text; EXCEPT if redistributing (article bank, aggregator, or clearinghouse), anchor text optional.]

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Is Incorporating Your Small Business Best For You?

by: Jeff Schuman
There comes a point in time when every small business person
contemplates on whether to incorporate their business or not. A
lot of times small businesses start out sole proprietorships,
and then become incorporated as the business expands and
develops. Small business incorporating can be a difficult
decision, and with this article youfll gain a little bit of
knowledge on the advantages and disadvantages.

There are many advantages to incorporating your small business,
but limited liability is one of the biggest advantages. When
you have sole proprietorship to the company all the liability of
the company is on the owner. When incorporating the business,
your only liability is to however much you invest in the company.

With sole proprietorship, all of your personal belongings, such
as car and home, can be turned over to help pay the debt of the
business. As a shareholder in the business, you have no
responsibility whatsoever for the debts of the business, that is
of course unless you give a guarantee.

Another advantage to incorporating a small business is the
ability to raise money so much easier. With the ability to
raise money much easier, this increases the odds of the
corporation growing and expanding. Yes, youfre saying any sole
proprietorship can borrow money and incur debt like any
corporation. However, with a corporation you can sell shares
and raise equity capital, which is a big advantage in that you
generally donft have to repay equity capital and it has no
interest.

There are many tax advantages with becoming a corporation that
you can take a look at as well. Some of these advantages
include income splitting, potential tax deferral and more.
Along with the reasons above, a corporation can have an
unlimited life. The life of a corporation is not dependent on
particular individuals, but the company as a whole. With this,
the company has the opportunity of lasting forever just as long
merges with another company or goes bankrupt.

Now that Ifve buttered up the idea of incorporating your small
business, letfs take a look at some of the possible negatives.

As you incorporate your small business, there now will be two
tax returns to file each year, one for your personal income and
one for the corporation. This may not be a huge deal, but
unlike a sole proprietorship a corporation cannot deduct its
losses from the personal income of the owner. Plus, having
another tax return is the last thing another business owner
wants to deal with.

As a corporation is much larger and more complex then a small
business, therefore the cost to create one is much higher. Just
to set up the corporation will cost a lot more, then you have to
tack on the increased maintenance fees, accounting fees, and
more.

As with everything else, a larger business means more paperwork
that must be taken care of. Corporations must keep a minute
book, which contains the corporate bylaws and minutes from
corporate meetings. Reports and tax returns must be completed
neatly and in a timely fashion. All of the business bank
accounts and records have to be kept separate from personal
accounts and assets. That may sound like a load, but that is
just the start of the increased paperwork that comes with the
territory of incorporating your small business.

While there are many advantages and disadvantages to
incorporating your small business, the decision ultimately goes
to you. It is a decision that could make or break your
business, therefore much more research is recommended. However,
small business incorporating should be a thing that suites you
and others associated with you best.


About the author:
Small business grants and small business resources to help you start and run your own small business. Small business training, information, articles, loans, and more.
http://www.sites-plus.com

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Invoice Factoring ? What Is It And What Are The Benefits?

by: Alan Jason Smith
Are you a business owner who wants to increase monthly cash flow, working capitol, and improve your credit rating? Then invoice factoring could be right for you.

Invoice factoring is the process by which businesses sell their invoices to a third party, called a gfactor.h The factor buys the invoices for about 3 to 5 percent less than the invoice is actually worth. If your business produces any type of invoice, then your business can take advantage of invoice factoring.

Once the factor purchases the invoice, then the factor owns it, and collects the debt from your client. As the business owner, you get to decide which invoices to factor, based on your customersf credit and payment history with your business.

Factoring your invoices means your cash flow does not suffer while you wait for your customers to pay. The factor buys the customersf debt, improving your working capitol and the credit rating of your business.

It works like this: You send an invoice to your customer. Then you inform your invoice factoring company that you have sent the invoice, and in what amount. Usually, that can be done by e-mail, so itfs quick and easy.

The second step is the factor confirms the invoice with your client. Usually, this is done in such a way that the customer or client does not know that you have sold their invoice to a third party. The factor will identify itself as a billing department or company, rather than an invoice factor, and will simply call or send a letter to confirm the invoice.

Some invoice factoring companies are willing to keep the factoring completely invisible to your customers. And after you develop a history and good relationship with the factor, they will usually stop confirming every single invoice.

Once the factor has confirmed the invoice, they pay your business a percentage of the total amount of the invoice, usually around 70 to 85 percent. This is called the gadvance rate,h and it is one of the primary points to look at when selecting a factoring company. When the factor collects the invoice from your customer, you will get the rest of the money you are owed.

Factoring benefits businesses that have poor credit history, no credit history, or limited hard assets. Factoring also helps businesses when they are just starting out, because it can often take time to build up steady cash flow.

Additionally, invoice factoring allows you to increase working capitol without taking liens against your other collateral, so there is little risk to you.

As a business owner you know how frustrating it is when waiting for your customers to pay. Even if your invoices are not past due at all, it can still take weeks to collect the funds you need to put back into your business immediately. Invoice factoring can help your business grow and reduce your own stress level.

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Instant Unsecured Cash Loans - Tips

by: Steve
Instant Unsecured
Cash Loans - Tips
Unsecured cash loans are taken when the borrower does not have a property to secure the debt. These loans usually have higher interest rates and are considered high-risk loans by lenders. Today with various funding organizations, banks and financial institutions entering a competitive business scenario, obtaining unsecured cash loans has become an easy and quick process.
Here are a few tips to help you obtain a quick unsecured cash loan:

Purpose of loan
You may opt for these loans for any purpose like paying off existing debt, purchases like a new car, weddings, holiday expenses etc. The amount you plan to borrow is also an important factor and so is the time in which you plan to return the amount. This would help determine the interest rates.

Searching for a loan
The next step involves searching various organizations that offer such loans. Searching on the Internet may be a good option because here the process is much faster. Some lenders will revert to you the very same day and you will know whether your application has been approved or not. Other lenders may even promise to make an instant decision in a matter of seconds.

Applying for a loan
You may need to fill an online enquiry form, specifying details like the purpose of the loan, amount required, credit history and other details. Applying for this loan is very simple. Also as you are not securing the loan against an asset, you need not fill out long complicated forms. Once your application has been approved, money is usually transferred to your account quickly and efficiently, often in a matter of 24 hours.

Issues to keep in mind
Today there are various banks and financial institutions that offer unsecured cash loans. But while opting for a fast unsecured cash loan keep in mind not to compromise on repayment terms, penalties and interest rates. Also find out whether the interest is charged daily and if capital repayments will bring down the amount of interest and period of loan. If you feel that you may face any financial difficulty and may not be able to repay the loan on time contact your lender immediately. This will protect you from court proceedings and the lender may even agree to freeze your payments for some time.

We at www.anycredithistory.com are here just to help you with an unsecured cash loan whatever your credit record is. Our processing is quick and simple and the money is transferred to your account in the shortest possible time.


About the author:
Steve is a well known and renowned author. In past he had produced books , articles which are rich in issues which are popular among Loans . He had written many books, articles related to finance, popular issues which are much appreciated by people around the country.

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