UnRecord

How the mysteries of high finance conceal the theft of other people’s wealth.

The mystery starts with the secret mandate, used by banks, to issue new money as ‘credit’. That sounds so innocuous, and so meaningless, that its full significance does not register with anyone. Credit, in this context, means, (according to the Oxford English Dictionary), ‘the sum of money at a person’s disposal at a bank.’

Therefore, when new money is issued as credit by a bank, a sum of new money is placed at the disposal of the bank’s client. ‘New money’, mark you, not money which already exists, but ‘new’ money freshly created by tapping its existence into a computer at the bank.

Unbelievably dishonest, and quite ridiculously simple. Create brand new, newly born, freshly conceived, counterfeit money by tapping the keys of a computer, as authorised by the Government. That is how banks make money, and then they lend this money and charge interest for its use.

From the viewpoint of the banker the only problem with this set-up is, “How do you persuade people to go into debt and use credit?”

It can cost a lot of money to fully utilise the secret mandate of being allowed to issue new money as credit. But bankers turn that to their advantage by getting people to invest in the credit trade.

It looks ridiculous on the face of it – that it is possible to sell debts at a profit. But by the time a bank’s client is spending his life earning money to service his debt, all the work of the banker has been done, and the income from the interest on the debt is very valuable. The ‘credit’ has become ‘debt’, which can now be sold at very considerable profit.

This gives a totally new tranche to the credit industry and accounts for the massive profits the big banks can brag about. It also intensifies the mystery of banking, and makes it virtually impossible for anyone to see the dishonesty and corruption upon which high finance flourishes. The profits to be made, out of fully exploiting the few magic words “Banks are allowed to issue new money as credit”, are so huge that they make the South Seas Bubble look like a game of marbles.

Do not waste time, as I have done, trying to understand all this. All you have to do is make sure that your M.P. helps our Government to restore unto itself the sole right to create and issue new money.

Your M.P. will need to handle the standard ‘monetarist’ conviction that Government printing money is inflationary through rational expectations of the public. This, of course, is banking propaganda put out to convince us that Governments can never be trusted. But the bankers themselves say, “We care not who makes the laws, provided we are allowed to control the money supply.”

That secret mandate gives the bankers complete control of money, they actually create it. That puts them above the Law, above Parliament, by their own admission. Hardly surprising that politicians can appear to be dishonest, when they are actually under the rule of the bankers.

Credit cards can be a good tool for a college student if used carefully. Shop for a no fee low interest rate card. Sometimes a credit union can be a good source. Be careful to pay your payment each month in full to avoid any interest charges. Of course this is difficult.If you are going to school and your parents aren’t paying your credit card bills you will need a part time job. It is important to establish and maintain good credit so when it comes time to finance a car our house you will have a good credit rating. The more responsible you are with credit the better rates on loans you can expect after graduation. The sooner you open a credit card the better because one of the factors in credit scoring is length of time accounts have been opened. For example if you had a Sears card opened in 1999 your credit rating would be better than someone who just opened a Sears account last month. Many people carry balances on their credit cards every month. It is best to pay them in full each month and take advantage of the free 25 days or so interest. Credit cards that give you rebates are also a good choice. Sometimes the rebate is good for airline miles or gasoline or for example 1% off your total purchases. Often times these cards have an annual fee. If your rebate exceeds your annual fee than these are a good choice. To check credit card options one good source is Money magazine. Each month they list the lowest credit card rates and fees. A subscription to the magazine is just $10 for 12 issues so if you save $10 a year from something you learned in the magazine than the $10 investment is worth the price. It is often easier to obtain a department store card or gas card than a Visa or Master card. You could also try to have a parent cosigner. Another way to get a card is to get a secured credit card at a bank. This is a card

for people who are unable to get a credit card and are able to put money on deposit at the

bank equal to the amount of the credit line. For example some banks or credit unions would allow you to deposit $300 or $500 in an account and then you would receive a Master Card or Visa that looks like an unsecured card and would report to the credit bureaus each month just like a regular card. This is a great tool to establish credit or to reestablish credit after some credit problems. Generally, today as credit as tightened many mortgage companies are looking for customers who have 3 established trade lines for 12 months paid on time before they will finance a house. this is why it is important to open a credit card now so you can on your way to home ownership later. Another way to establish is to get your name on a utility bill and make certain it is paid on time each month. Check with your local utility company and see if they report each month to the credit bureaus of if they just report when you don’t pay.

You should probably get a copy of your credit report and see what is on it. Generally, a mortgage company or car finance company will look at what is called a tri-merge report before they make a decision on extending you credit. Shoot for a score over 700. This is good credit.

All successful business owners understand the importance of a proper accounting system; therefore, they employ the most effective accounting system in their organization. It is quite true that in order to maintain an effective accounting system, a great deal of time, endeavor and wherewithal is needed, as accounting incorporates various day to day tasks and transactions. Every business transaction and financial record keeping task must go well, as any problem or mismanagement in these tasks can affect the growth pace of the business. Since every business proceeds with limited human and financial resources, any kind of extra work can affect performance and budget of that business. Accounting is one of those tasks that get affected by the burden of extra work very easily. In such situation the business owner needs to find out a solution that may manage every accounting task without affecting the budget of his or her business organization. However, there are many ways to tackle such situation but as far as efficiency and cost effectiveness is concerned, every business owner prefers to outsource his or her accounting task. In fact, accounting outsourcing is the perfect solution for every industry type, as it can solve all accounting hassle at ease and can provide the client’s business with the most efficient accounting system.

Accounting outsourcing can help a business in keeping pace with the ever-increasing burden of accounting tasks. Moreover, it can also enable a business owner to get maximum impact from limited resources of his or her business. Since accounting tasks are essential for every business organization, getting a suitable solution for managing these tasks can enable a business owner to focus on his or her key business functions. Accounting outsourcing provides the client’s business with personalized and modified accounting solutions that help that business in accomplishing every essential task with low operational cost. In fact, firms that offer accounting services understand every requirement of their client’s industry and provide the solution accordingly.

These accounting outsourcing service providers offer accounting solutions for top and middle level accounting section. Since an outsider firm cannot perform any primary or day to day accounting function of any business, it is always better to perform that task with your in house accounting professionals. Certainly, such service providers possess specialization in keeping a record of your financial transaction therefore with them you can be rest assured about preciseness of your accounting data. They can provide accounting solutions to meet your business requirements and can provide you with every necessary support and advice.

If you own a business and are not getting the desired output from your accounting system, then you can take the help of accounting outsourcing, as it will help you in getting maximum benefits from your employed resources. In fact, with these services you will never need to worry about preciseness of your accounting statements. These services are therefore, a big support for businesses as they enable businesses to perform financial tasks with more efficiency and accuracy. In fact, these services can set a business owner free from all accounting hassles, so that he or she may better concentrate on his or her core business functions.

Most FOREX traders use a broker to handle their transactions. What exactly is a broker? Strictly speaking, a broker is an individual or a company that buys and sells orders according the investor’s decisions. Brokers earn money by charging a commission or a fee for their services.

A FOREX broker needs to be associated with a large financial institution such as a bank in order to provide the funds necessary for margin trading. In the United States a broker should be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud and abusive trade practices.

Before trading FOREX you need to set up an account with a FOREX broker. You may feel overwhelmed by the number of brokers who offer their services online. Deciding on a broker requires a little bit of research on your part, but the time spent will give you insight into the services that are available and fees charged by various brokers.

The best advertising is word-of-mouth advertising, and this is just as valid in FOREX trading as it is for any other type of business. Talk to friends and associates to see who they are dealing with and find if they have any complaints or difficulties in dealing with a particular broker.

You could try selecting a few online brokers and contact their Internet help desks to see how quickly they respond to enquiries and whether or not they answer questions to your satisfaction. Keep in mind, however, that pre-sales service may be better than after sales service. This can be true for any online business, not just FOREX brokers.

Customer satisfaction and safety are just part of the story. You want to find a broker who executes orders quickly and with minimum slippage. All online brokers should offer automatic execution and have clear policies regarding slippage. They should be able to tell you how much slippage can be expected in both normal and fast-moving markets.

Next you want to know the fees involved. What is the spread? Is spread fixed or variable according to the type of account? Are mini accounts subject to wider spreads? Are there any other charges? Smaller spreads mean more profit for the trader, but there may be a trade-off between spread and service. Look at the overall picture before deciding to go with a particular broker.

Margin accounts are the lifeblood of FOREX trading, so be sure you understand the broker’s margin terms before setting up an account. You need to know the margin requirements and how margin is calculated. Does margin change according to the currency traded? Is it the same every day of the week? Some brokers may offer different margins for mini and standard accounts.

Trading software is very important for the online FOREX trader. Get a feel for the options that are available by trying out a demo account at a few online brokers. Above all, you are looking for reliability and the ability to perform well in fast-moving markets. The software should offer automatic trading and may have special features such as trailing stops and trading from the chart. Some features may only be available at an extra cost, so be sure you understand what your trading needs are and how much the broker charges to provide them.

Other information to find out about includes the broker’s policy regarding minimum account balances, interest payments on account balances, which currencies can be traded and whether or not non-standard sized lots can be traded. You should also find out whether clients’ funds are insured and the extent of that insurance.

Automated forex trading has certain advantages in that you can simply follow trade signals that are generated and providing you can execute them with discipline and the your system is logical and robust you can pile up big gains…

Before we look at how to make profits with automated for trading software, lets look at how NOT to do it.

Many traders see forex robots online and want to buy them but most are junk and have never even be traded in real time. Go and look at the track record, then look at the disclaimer and what do you see?

Its hypothetical or simulated – well that is NOT any indication of future results and I find it amazing someone can use a meaningless test and then say they can make money with it. Of course they do make money for the vendor, they get the sale of the software and the trader gets spanked in the market.

You don’t get 100k annual income, for 100 bucks. You won’t make money with these simulated systems so avoid any of these products.

Now let’s look at how to do automated forex trading properly and here are your options.

- Buy a System

With a track record audited over 2 years. Not cheap – but these systems can pay for themselves many times over, just make sure you understand and agree with the logic before using it.

- Get a FREE One.

Yes there are free ones that work and we have written frequently on the 4 Week Rule. Just look up our other articles it works, look it up and you will see why and its a great place to start your automated forex trading career.

- Build Your Own.

This is a lot easier than traders think and is perhaps the best way of trading – why?

Because if you build it and customize it, you will have confidence in it. This means you will be able to trade it with discipline, through periods of losses and remember, if you don’t have the discipline to follow your system, you don’t have one!

If you want to build your own we have covered this in our other articles but in essence, the best way to do it is to trade breakouts, to new highs or lows, have a few momentum indicators, to time your moves and focus on long term trends.

The simpler it is the better, as it will be more robust in the face of brutal, ever changing market conditions – pack it with too many indicators and it will break.

Once you have the system, get a standard forex software package and program the rules and you’re all set.

A word of caution – Any forex trading system (and this includes the best ones) will suffer losses and they can last for weeks on end.

You need to trade through them until you hit a home run and that’s why discipline and money management are so important.

If your system does between 50 – 100% compounded annually, you are up there with the best automated forex trading software and you will have a time efficient way, to trade the markets and enjoy currency trading success.