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Investment Fraud

Investment is one of the fast lane which was introduced by Robert T kyosaki in his book Rich Dad and Poor Dad. Investment in Indonesia is one saving technique favored by some able to secure the assets of the threat of inflation from year to year. Some of them are popular investment techniques to save gold, buy land, buy their rented house, buying a boarding house until financial institutions with investment products such as deposits to mutual fund shares.

Nevertheless there are still a glance at the world community is also a quick way to get rich that may be offered through a special investment scheme. Some of them might succeed and yet some others were caught in fraud cases such as the practice of gathering money chain, doubling the money to investment fraud techniques such higher forex investment. Here is an excerpt seconds on investment fraud Ponzi scheme that emerged in America.

After Bernard Madoff, now deception investment Ponzi-style scheme re-emerged in the United States. This time investment deception was done by Nicholas Cosmo, who is chief executive of Agape World. But investment losses that do not sefantastis Cosmo losses due to action of deceit Madoff. Investment disguised Ponzi scheme conducted by Cosmo’s 1500 alleged to have adverse investors to U.S. $ 370 million.

The investors were promised the money would be invested in profitable commercial lending. But in reality, all the investors’ money was divided and used to pay fictitious profits. “The defendant who operated a classic Ponzi scheme with the aim of enriching himself and his colleagues at the expense of investors, now is jail and government investigations continue,” said U.S. attorney, Benton Campbell, as quoted by AFP on Wednesday (1/28/2009) .

Ponzi scheme is a term for dirty practices in the financial business that promised gift doubled profits are much higher than the real business benefits for investors. The invesor generally do not know and did not want to know where the companies pay the promised benefits. In Indonesia, similar cases have also occurred where a company promises big profits, but the real benefit is paid with funds coming from new members. There was never any real investment. The case that ever happens is a fraud PT Qurnia Subur Alam Raya or QSAR who embezzled customer funds through agribusiness investment.

Ponzi scheme carried out by Madoff’s most rocked. Losses arising from acts of former chairman of the Nasdaq include international financial institutions, charitable foundations to some of the leaders of up to millions of U.S. dollars. Madoff, 70, is now under house arrest in New York after paying bail. Deception Ponzi scheme was also being done by Arthur Nadel, who disappeared nearly two weeks before being arrested. Nadel, 76, allegedly operates six hedge fund that manages the fund up to U.S. $ 342 million, before finally getting caught only has funds of U.S. $ 1 million.

Banking is one vital thing that must be owned by the state so that the country’s economy can grow well. Some people believe that “the debt base of the rich” in terms of productive course, debt with a view to trying to raise capital will obviously increase the money better. However, do you know the origin of the formation of a bank?

Consider the following short story to find out how the bank’s origins and powers that formed from the use of money:

Ancient times, when gold and silver became the tool of exchanging goods and gauges the value of goods and services, many Jews who become sellers of gold storage services are more popular with the term Goldsmith (gold is gold, and the smith is a Semitic or Jewish). This is because in most European Jews were prohibited from owning land that makes them unable to become a farmer and made his profession as a Goldsmith as an alternative to the prospective job. Although seen as less respectable jobs, rich people who have a lot more like storing gold gold on Goldsmith because of security that it provides. They just simply give up in exchange for a particular gold storage services provided Goldsmith.

For every gold that is stored, Goldsmith took out a piece of paper (certificate) contains information about the ownership of a certain amount of gold on Goldsmith. At any time when the owner wants to take his stash of gold, he lived show the certificate.

Over time, increasing levels of public confidence in the Goldsmith and also due to the illiquid nature of the certificate (easily exchangeable with gold at any time), people began to accept the certificate as a means of exchanging goods and services. At this moment the certificate is a paper money and is the first paper money in the world.

Over time, the more gold is deposited, Goldsmith saw that most of the gold is just sitting in safes for long periods of time, due to liquidity needs have been met with paper money. He started thinking: what if a part of the gold was lent to people in need (debtor) to be returned after a certain period in exchange rates?

Goldsmith began to become money-lenders by lending some of the gold belonging to the debtor clients in need. After the specified time the debtor returned the borrowed gold and Goldsmith have benefited form of interest. The more frequent and more and more Goldsmith gave a loan, the greater the benefits he gets.

Furthermore Goldsmith get another idea. Why should provide a loan of gold? Is not that the issuance of paper money has been accepted as a means of exchanging and trading? So then for every loan that he gave, he just simply issue banknotes. And after a certain time period, debtor return the loan of gold to Goldsmith plus interest. At this time Goldsmith saw a miracle come true. Only with a sheet of paper, he gets a lump of gold.

It was actually Goldsmith had committed fraud. People think of gold as collateral actually belongs to Goldsmith himself, when in fact belong to customers who entrust gold. In addition he was also doing fraud extortion by charging interest on loans that he gave.

Learning from success to deceive customers (who do not know the gold is deposited as collateral credit) and debtors at the same time, then Goldsmith got the idea again. How about a made ??a few sheets of paper money as well as for some debtors? Then made ??several bills at once for some debtors. And after a certain period of debtors to restore its debts in gold plus interest. Wonders of the more amazing. With a capital of several sheets of paper, he gained a large amount of gold. So he took out paper money as much as possible to benefit as much as possible. The advantage .. … only limited by the ability to print paper money. No business in the history of mankind is more profitable than businesses that Goldsmith lived.

Gold Investment Advantages

investment, almost no women who are unfamiliar with gold jewelry. But, how many women who wear gold jewelry for investment purposes? Many, of course. When investing, women want a product that is its form, can be held and can be seen. That is why the choice of women to invest not far form of savings, deposits, gold, and property.

Gold was chosen as one form of investment because its value tends to stabilize and rise. Very rare gold prices fell. And again, gold is a tool that can be used to ward off inflation, which often happens every year.

Gold is available in various forms, ranging from bars or bullion, gold coins and gold jewelry. Known gold because gold is shaped like a flat bar or bricks, where the gold content is 22 or 24 carat, or if the percentage is 95% and 99%. This type of gold is the best for investment because wherever and whenever you want to sell, its value will be the same. These values ??follow the international standards applicable resale value on the day.

Then, the second is a gold coin, which the form of gold like this is one other form of gold bullion coins that have been formed into pure gold. Values ??and the levels were the same as gold bullion. To note is that the great gold coins for investment. But unfortunately, now the gold coins are difficult to be found again in the gold shops.

What about gold jewelry? Although the form of gold jewelry is preferred by women, but generally not good for gold jewelry made media investments. Why? Therefore, gold jewelry requires certain manufacturing services to be able to have such distinctive features. That is why, gold jewelry making charge to the purchaser.

So, besides you buy gold, you will also pay the cost of manufacture. Not to mention when talking about models that are not up-to-date anymore aka outdated.

Traders in gold shops also must be ready to bear  also drop gold and gold content. So, even if they buy again, they have to melt gold. That’s why gold jewelry prices will come down when we sell.

Over time more and more people who become debtors. They are willing to queue sitting on a bench to get a loan from Goldsmith. Bench (Banque) seating prospective debtor’s bank then becomes the initial term. In a time not too long, the Goldsmith became the richest people in the world.

The nobles and the kings are greedy need of funds to finance the army, and shop employees. They also can not avoid to fall prey to the Goldsmith who later changed the term to be banker (the owner of the bench). Once borrowed, worth millions of times a loan received by individuals, and so are the gains banker.

The banker was pleased with greedy kings and nobles who like to fight for power. The more greedy they are, the more the war she lived and that means that more loans could be given the bankers. In many cases, when the peace occurs, bankers became the political provocateur to trigger a war. They financed Oliver Cromwell to revolt to King Charles in England. They finance the Orange William king of England to seize the throne of Charles II. They manipulate the French Revolution, the finance adventures of Napoleon, provoked and financed the parties involved in the American Civil War, designed the Crimean War, World War I, World War II, the Cold War, Vietnam, Gulf, and other wars. After the war, the leaders and also the people of the countries involved in the war a cash cow for the debts of the bankers that they bear.

Furthermore, after obtaining the material benefits that matchless, bankers also have a huge political advantage. They can easily lift a person to be their ruler as easy as dropping And the greater their political power, the greater the economic gain. Politics and money, the two sides of same coin, everything has been owned by the bankers.

As Slow Performance of Islamic Banking

Islamic Banking is a banking system that applies the basic principles of Islamic religious law (sharia) in running a business. With this concept in fact the bank must get profits as well as conventional banks. In contrast to conventional bank credit agreement in the Islamic banks using the basic laws of Islam to avoid Riba.

However, according to some economists, the performance of Islamic banks at the end of 2008 it was not as good as expected. Here is an excerpt adapted from the coverage that our finance seconds.

The development of a national Islamic bank has yet exhilarating. Consumer growth is like a turtle that runs very slow as well as credit growth. Market share (market share) of Islamic banking to November 2008 reached 2.08% with total assets of Rp 47 trillion. This achievement is still far from the target by 5% market share.

“The performance of Islamic banking to November 2008, the market share of 2.08% with total assets of Rp 47 trillion. If you want to reach 5% should be doubled to Rp 90 trillion,” Governor of Bank Indonesia (BI) Fadjrijah Siti told a news conference at the House BI, Jakarta, Wednesday (28/01/2009). As for Finance to Deposit Ratio (FDR) in the same period reached 112.7% and Non-Performing Finance (NPF) gross and net 4.9% 2.4%.

Performance of Islamic banking is also not very encouraging in terms of customer numbers and lending. The number of Islamic banking customers rose only slightly from 2007 which amounted to 2.845 million to 3.799 million until November 2008. “The number of customers grew, but sad because it slowly. Up to November 2008 was 3.799 million after the first Sharia Economy Festival,” he said.

Growth is not much too look at lending, which only increased from 512 thousand customers in 2007 to 589 thousand customers in Nivember 2008. “Financing of running rich debtor (turtle),” said Siti. Currently, the number of Islamic Banks (BUS) that there be a fifth bank where Sharia Commercial Banks (BUS) and BRI Bukopin officially opened on January 1, 2009.

“Sharia (UUS) reduced by 2, because last Bukopin and BRI spin off of business units to commercial banks,” he said. The number of Islamic banks today are channeling as much as 908 plus office 1452 office. He also admitted, constraints during the development of Islamic banks this is a matter of marketing personnel who have not been able to beat the structured product marketer. “Constraints for these human resources. Power marketers do not promote or smarter than the marketers in the structured product, the promotion of sharia has not gone deep corners. So we have a marketing campaign strategy to get into corners,” he said.

With the majority of the people of Indonesia are relatively Islam, Islamic bank’s market share should be larger. However, because most of the big business in Indonesia, the majority coming from the tribe tionghoa it is not so influential Islamic market penetration in Indonesia