Capital Control from Chase Bank?

From Alex Jones Infowars | October 17 2013

                             

Small and corporate accounts of Chase are receiving letters that limit cash withdrawals and wire transfers beginning November 17, 2013.  Alex Jones fear the start of capital control and the start of Cyprus type of govt gouging/raiding personal accounts

But a Forbes article 2 days ago says that Chase merely wants to manage risks better and to encourage upgrade to a much higher balance account.  The fears of depositors are unfounded they say.

However shall we relate this to Chase sale of its NYC tower for $725 million Chinese conglomerate Fosun for $725 million  Is Chase having liquidity problems

--

Prof Jorge Saguinsin

PROMOTING ENTREPRENEURALISM

+639228730181

To view assignments, please click:

www.profjorgenentrep-ateneo.blogspot.com

www.profjorgeentrep-jorge.blogspot.com

www.profjorgentrepdev.blogspot.com  - for inspirational videos

www.entrepnew.blogspot.com -  for NU 12 submission

Prof Jorge entrep slideshare presentations

Blogsend emails (for submission of assignments)

profjorge.entrep.nu12@blogger.com  for new 12 submission

profjorge.entrep.selfdev@blogger.com for IV submission

profjorge.entrep.ateneo@blogger.com  for all other assignments

Chase tentatively agrees to pay US govt $13 billion in fines

From Bloomberg | October 20, 2013

JP Morgan Chase agreed to an unprecedented $13 billion in fines for allegedly being engaged in selling toxic mortgage securities during the 2008 financial crisis.  It was raised from $11 billion.   In the meantime, the criminal liability shall remain unresolved.

This is rather difficult for JP Morgan.   The alleged wrongdoing are from Bear Stearns which JP agreed to acquire during the financial crisis to stabilize the financial system (the closure of Bear Stearns, a too big to fail financial institution would have grave consequences to the financial market).  Talk about good intentions...

JP Morgan President Jaime Dimon personally discussed the deal with US Attorney General  Eric Holder.

The fine would be 1/2 of more than $21.2 billion that JP Morgan Chase earned last year..  Only 7 companies earned more than $13 billion in 2012 according to data compiled by Bloomberg.

The fine has no relation to withdrawal and wire transfer limit being mentioned at Info.wars?

--

Prof Jorge Saguinsin

BIDDA:   BELIEVE, INSPIRE, DREAM, DO, ACHIEVE

+639228730181

To view assignments, please click:

www.profjorgenentrep-ateneo.blogspot.com

www.profjorgeentrep-jorge.blogspot.com

www.profjorgentrepdev.blogspot.com  - for inspirational videos

www.entrepnew.blogspot.com -  for NU 12 submission

Prof Jorge entrep slideshare presentations

Blogsend emails (for submission of assignments)

profjorge.entrep.nu12@blogger.com  for new 12 submission

profjorge.entrep.selfdev@blogger.com for IV submission

profjorge.entrep.ateneo@blogger.com  for all other assignments

--

Niche Lending for Agri

Ad Majorem.....Wealth Builders

When I was discussing with our manager the proposed mechanics/process of bridge financing, he talked to me about agri bridge financing.  Farmers usually have no inputs for the planting season and they would like to bridge that by borrowing.  Here  is the deal:  for every x amount they borrow, they will repay with c amount of produce.  And this would amount to 30% levy/interest on the amount borrowed.  At 3x harvest every year, this would be a 100% ROI almost.  All you need is small light truck to collect your repayment (principal plus interest) and a warehouse.  There you could gain price increase on your stock.

With higher price support for farmers, and unstable supply, this is a lucrative business.

The fertilizer scam under the past administration laid to waste our good agri production.

Next time a cabinet official (Usec Ordonez asked me 3 years ago if I know how to run a bank for farmers) I would know how to answer

Learning the art of pivot - should the entrepreneur continue or change direction?

Ad Majorem.....Wealth Builders

From Entrepreneur. About com

This is an important question for entrepreneur - should continue with the business concept or change shift.  The key here is questioning the concept/the logic for the business. Were the assumptions correct.  Some businesses are the result of pivot.  Like Twitter.  It started as Odeon but a shift has to be made, into microblogging site when Apple launched its own podcasting site (can you fight Apple)  So you go to a blue ocean where there are no competitors.

Even Groupon started as a platform for non profit.

It is about learning from the past, keeping your foot firmly on the ground as you learn from your mistakes, while shifting direction.  It is really a pivot.

Solar Airconditioners Slideshare Presentation

Jorge Saguinsin says "I think you will find this useful." View it now Majorem lending solar aircon presentation

, ,

This is a presentation by Majorem Lending on solar aircon which it intends to finance, refer, resell...

Advice from Brian Tracy on How to Become Wealthy

Ad Majorem.....Wealth Builders

From Brian Tracy

This post is addressed to many Americans.  Many Americans are prisoners of debt.

The situation:

1.  The average debt size of every American from www.creditcards.com  is $15,799.00

2.  The average APR on new credit card is 14.998% (this is high compared to PHL rates)

3.  Total revolving revolving fund balance in US is  $793. billion, 98% of  which is credit card debt

So Americans have two choices - to continue credit card living, and wait for their retirement pay and SSS to retire their debt, or get out/escape from the debt prison.   What is your choice.

The way out is to live within your means and be frugal.   Do not spend money you do not have.

The way for most Americans (even Koreans and  yuppie Filipinos is to "buy things they do not need, with money they do not have, to impress people they do not like"

The key to being wealthy is being frugal and to invest wisely

Your mind is the key to creating wealth

About Credit / Debt Management: Debt Collector Fined $1 Million in Case Involving Texting

Here are some advice on how you can stop debt collector from harassing you.  Some debt collectors are obnoxious, disrespectful, if not outright mean.  Recently, a debt collection agency was fined for text messages used in debt collection.  Debtors must know their rights

Lending institutions must know their limits.

If you can't see this email, click here

Credit / Debt Management Credit / Debt Management Repair Credit Pay Off Debt Learn Credit From LaToya Irby, your Guide to Credit / Debt Management Before the Federal Trade Commission closed its doors as part of the government shutdown, the agency fined two collection agencies $1 million over text messages and a few other law violations. Debt Collector Fined $1 Million in Case Involving Texting With the widespread use of cell phones and text messaging, it was only a matter of time before debt collectors started attempting collections via text messages. Read more Can Debt Collectors Send Text Messages Even though part of the charges were related to text messages, it wasn't about the text messages themselves. The legality of debt collector text messaging is kind of up on the air. Search Related Topics:  debt collection rights  stopping collection calls  dealing with debt collectors Stop Debt Collector Calls Instead of worrying whether debt collectors can or can't call, text, email, fax or whatever you can just write to them to stop calling you. That's if you want them to stop. Search Related Topics:  fdcpa  stopping collection calls  cease and desist letters Know Your Rights With Debt Collectors If you're ever contacted by a debt collector, knowing your rights will keep you from saying or agreeing to something that could come back to haunt you, e.g. a payment arrangement that you can't afford. Search Related Topics:  dealing with debt collectors  stopping collection calls  debt collection laws Related Searches Bad Credit Card Credit Debt Help Fix Credit Report Credit Repair Debt Collector Featured Articles How the U.S. Debt Ceiling Affects Your Finances Help Your Spouse Improve Their Credit 15 Alternatives to Payday Loans How to Respond to Credit Card Billing Errors Debt Statute of Limitations By State Chase to Refund $309 Million to Cardholders More from About.com Run Your First 5K Even couch potatoes can be ready for a 5K with just a couple months of training. Read more...> Help! I'm Too Busy Time and stress management tips to help you feel as though you have more time. Read more...> This newsletter is written by: LaToya Irby Credit / Debt Management Guide Email Me | My Blog | My Forum Sign up for more free newsletters on your favorite topics You are receiving this newsletter because you subscribed to the About.com Credit / Debt Management newsletter. If you wish to change your email address or unsubscribe, please click here. About.com respects your privacy: Our Privacy Policy Contact Information: 1500 Broadway, 6th Floor New York, NY, 10036 © 2013 About.com Must Reads /1">10 Things To Improve Credit /2">15 Credit Score Killers /3">Rebuild Bad Credit /4">Stop Collector Calls /5">7 Steps to Pay Off Debt Follow me on: Advertisement

Bridge financing funded by retirement fund (New Product)

TO       :   Eddie

Subject :  New Product

I just came across a business idea in the conversation with an investor/lender In Urdaneta.  He lends money with stiff rates and has in the process, acquired many prime properties.  He solicited our help develop and implement  business concepts.  He is 70 years old and not one of his scions is interested in what he is doing.

One such concept that came in is the bridge financing:  Here how it works.

1.  The fund is available to those who need immediate funds to answer their obligations pending:    release of bank loans (that are slow and tedious with endless requirements)  and PDC maturity.

2.  The % is 2 to 3% per week;

3.  The collateral are - bank guarantee or PDC

4.  The selection is based on iron clad character referral from business friends plus BI

5.  The fund source is the retirement income of funds of elderly Chinese who need monthly cash flows.  We can give as much as 1% to 2% per month of their investment. Let us interest those who have such need.  This could be an LOI thing a P10 to P20T for every million (compared to just measly P4t they get now) monthly income for retirees.

Can we do this, say set aside 300T for this purpose and solicit retirement fund. 

CONFIDENTIALITY NOTICE/disclaimer:   The information contained herein is strictly confidential in nature and is the property of Holy Gardens Group and intended only for the intended recipient and its  retransmittal , reuse,reprinting or taking action other than the intended party is strictly prohibited. Holy Gardens assume no responsibility liability arising from such unauthorized use.

PHL posts highest growth in Southeast Asia, matches China's growth for 2nd quarter

Ad Majorem.....Wealth Builders

                                

Repost from PHILSTAR   by Ted Torres  | August 30, 2013

The Philippines is no longer the sick man of Asia but is a fast growing economy, matching even that of China and even besting the former best performer in Asia. 

PHL posted a 7.5% growth from April to June, besting the forecast of 7.2% and matching China's peformance.  PHL seems to be shifting its growth from being consumption driven to investment driven.

The PHL surpassed the growth rate of other ASEAN neighbors who did:

Indonesia:   5.8%

Vietnam:     5%

Malaysia     4.3%

Singapore:   3.8%

Thailand     2.8%

Others:

Hong Kong -    3.3%

Japan   -           2.6%

Chinese Taipei 2.5%

South Korea     2.3%

Congratulations Team Philippines.  Mabuhay!

The world is round.  Finally we made to the top at least in South East Asia, and even beating the best of the best before

                         
                              

Moody's, a rating agency raises PHL outlook, and debt to invesment grade

Ad Majorem.....Wealth Builders

 
 
From Moody's Global Credit Research | October 3, 2013

Moody's has raised the PHL debt to investment grade from Ba1 to Baa3. (It took a long time coming) and outlook to positive.

The reasons for these are:   1.  debt consolidation 2. good governance,   3.  political stability.

This upgrade has been seen by many as good sign to continue their stalled IPO like the Robinson Retail Group is raising P40 billion and RFM P2 billion

Many of the masses are complaining that this upgrade are not filtering down to the improvement of their welfare and income

Hmm I noticed that one of the officers of Moody's (a VP) has a Filipino sounding name.

Christian de Guzman
Vice President - Senior Analyst
Sovereign Risk Group
Moody's Investors Service Singapore Pte. Ltd.
50 Raffles Place #23-06
Singapore Land Tower
Singapore 48623
Singapore
JOURNALISTS: (852) 3758 -1350
SUBSCRIBERS: (65) 6398-8308

Bart Jan Sebastian Oosterveld
MD - Sovereign Risk
Sovereign Risk Group
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Releasing Office:
Moody's Investors Service Singapore Pte. Ltd.
50 Raffles Place #23-06
Singapore Land Tower
Singapore 48623
Singapore
JOURNALISTS: (852) 3758 -1350
SUBSCRIBERS: (65) 6398-8308