Is Business-to-Business Credit finished?

February 25, 2009

Up to early 2009 the generally accepted method of conducting a business-to-business transaction was for the seller to allow the purchaser 30 days or more of credit to pay the account.

Now the question that is being asked by the seller is “Can I trust the purchaser to pay me?”

Up to now most of these credit accounts have been funded by the use of overdrafts from the banks. However, with the drying up of these funds a business needs to look very carefully at extending credit to anyone. When you look at the number of very large organisations that have folded in the last year with enormous debts, not much has been reported about the creditors to these failures. How many of these have also gone under?

By giving credit to the buyer, the seller is taking all the risk. The seller is assuming, no – hoping, that they will be getting paid. If they don’t get paid, then they fail. This is a disaster not of their making.

How can they change it? The most obvious answer is to remove credit facilities and require the buyer to pay for the service or product before delivery or at delivery. This is how business used to be transacted in the past.

As we look at our increasing overdrafts and wonder when we are going to get some money from our debtors it makes sense that we as a business stop offering credit. After all, isn’t the present world economic problems caused by excessive use of credit?

What do you think? Is business-to-business credit finished?

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Controlling the worlds food supply

May 8, 2008

Tonight I read a blog entry that had a lot of detail of the approach of one company that wants to control the worlds food supply, and it uses our own laws to steal what are part of our common heritage. Read the blog for yourself to get the whole story.

This came to my attention many years ago and I have noticed that this attempt to steal our common food supply is become more intense. The ability of deep pocketed corporations to bankrupt people who want to stand up to them is overwhelming. Therefore, there must be another method that can be used to bring these out of control corporations under control.

The one thing that all these corporations need are people. People make these monstorous decisions on behalf of the corporations and then hide behind the corporate veil. In my view it is time that this veil was ripped asunder and the people involved in this legalised grand larceny exposed to public scrutiny.

How can we do that? The answer is really simple when you think about it. You don’t want to go after the slave workers who slave away in the factories, and you can’t go after the big wigs because they can afford protection. No, the ones to go after are the middle management!

After all, the middle management people live among us, mainly in the suburbs. Their kids go to our own kids schools, the wives belong to the same clubs your wives do, and they all shop in the same places you do. No, these are the people who can be targeted, ridiculed, ostracised in the community, their kids and wives shunned and generally driven away from their livelihood. If enough of these middle management people left their jobs because of this outside pressure then these large impersonal corporations would start finding it difficult to employ people at this level. In much the same way that smoking has become socially unacceptable, then we as a society can make working for these corporations the same.

Pregnant man – Yeah right!

April 5, 2008

Pregnant man – Yeah right!

I am really getting annoyed with all this hype going on about a Pregnant Man.

Why can’t people get a grip and realise that it is a Pregnant WOMAN with her boobs removed.

The reality is that this person is a lesbian who has only had a part sex change. Even then she didn’t have the balls (no pun intended) to go the full hog and get all her innards rearranged and removed. No – she decided that she wanted to become a man (huh!), but still retain all the womanly bits so that she could have a child.

Does anyone else think that this is all a scam to make money by her (him) and her lesbian partner? I certainly do!!

Free course

December 22, 2007
I’m evaluating a multi-media course on blogging from the folks at Simpleology. For a while, they’re letting you snag it for free if you post about it on your blog.

It covers:

  • The best blogging techniques.
  • How to get traffic to your blog.
  • How to turn your blog into money.

I’ll let you know what I think once I’ve had a chance to check it out. Meanwhile, go grab yours while it’s still free.

New Zealand – a 3rd world country?

December 10, 2007

New Zealand, a third world country?

Some 60 years ago, New Zealand was the envy of the world.

We had a booming economy, and a happy people with hardly a worry in the world.

What has happened since then?

q       Our economy has collapsed to the point where it is only Agriculture keeping us afloat. Even this may change as our largest company, Fonterra, is suggesting that it goes public and allows overseas investors to buy into it.

q       The entire public infrastructure that was built up over the life of New Zealand was sold off at bargain prices to the International asset strippers. Now we are in a position where the infrastructure is (has) collapsed and now the NZ Government is required to rebuild it, almost from scratch. NZ Rail, Telecom, Air NZ, etc, etc.

q       The social services sector has suffered very badly over the years. Hospitals have been shut almost everywhere except for the larger cities. We are unable to attract and keep competent doctors and nurses, as we do not have the resources or money to keep them in the county.

q       The educated youth of the country are leaving in droves, and probably will never come back because of the enormous debts that the Government causes students to attach to themselves to get an education.

q       The tax system is such that you are required to hire accountants and tax lawyers just to keep your affairs in order. The compounding interest and draconian attitudes taken by the IRD towards mistakes generated by the small businesses ensures that NZ has one of the highest failure rates for small businesses in the world.

q       In 2006 40,000 Kiwi’s voted with their feet and moved permanently to Australia, and the Government wonders why.

q       In the last 2 decades all our large successful companies have either moved offshore totally or at least a major part of their operations have, and most of our multi-millionaires have departed for greener pastures.

q       Corruption and self-serving interest is now rife throughout the corridors of power, and very visible to the public. One MP is before the High Court on charges of bribery and corruption; another is facing a charge of assault. Even though it is on public record that the assault happened, he denies it in court. The old saying about power corrupts has been proved time and again in the last decade or so in New Zealand.

So is New Zealand a Third World Country?

In my view it is, and it is likely to get worse before it gets better.

We need a visionary leader who will fire the imagination of the people and business alike. At the moment such a leader does not appear to be anywhere on the horizon, and unless one appears within the next decade with the drive and determination to make New Zealand relevant in today’s world, we will slide further and further into poverty, both in terms of assets and skills.

 

 

Why do people vote in elections?

June 22, 2006

In my last diatribe I ended with asking why people still vote in elections where the voice of the people is ignored?

Over the years I have wondered about this, and the conclusion that I have come to is that it is habit.

At election time, we listen to all the platitudes and untruths that the politicians feed us and deep down we know we are all going to get shafted again, but we are the eternal optimists and hope that one of the politicians is strong enough to shake the complacency out of the establishment.

Sometimes, at the start of a new term of office for a Government there is some excitement as we see a newcomer (or several) start questioning what is going on, but it isn’t long before the system gets to them and they are forced to conform to the status quo. These elected members normally do not last more than one term before they leave the political stage with their dreams and aspirations of public service shattered forever. What does this leave? It leaves the “good old boys” who know how to manipulate the system for their own benefit and the benefit of their cronies and financial backers.

Even before the election results are announced, we all know that the group with the deeper pockets will win. They are the ones who are able to influence and change the results to suit themselves. How a leader of the western “free” world can lose an election twice and yet still be elected “President” amazes me. It pays to have a brother in the right place, eh!

Personally I believe that we need a “benevolent dictator” similar to Lee Yuan Yew of Singapore. The service factor in Public Service must be reinstated instead of it meaning “self service” at the trough of Public money.

The economies of the Western world are crashing as Governance is given away to the companies and interests who fund the elected politicians lifestyles. The continued repression of the common man for the benefit of the rich cannot continue for much longer.

The reality is that social revolution is coming as the social fabric frays and is now ripping apart. When we have nothing left to lose then heads will start to roll.

Change is coming and it is up to us, the man in the street, to determine whether it will be a calm or bloody transition. Personally, I think it will be bloody as we fight to take back what the companies have stolen from us over the last three or four generations. This is already happening around the world as the effects of the WTO are felt.

To be continued……

Fabric of society being ripped apart

June 20, 2006

When the British flag flew over most of the English speaking world, the English common law was enshrined in those countries legal system and became a significant part of the social fabric of that country. Most of those countries are now independent, such as USA, Canada, and all the commonwealth countries, but English common law still remains the cornerstone of those countries societies. Without that there would be anarchy.

What is common law? Common law is law that comes from the common people, versus legislation, which, comes from the “experts.”

Common law comes about at the root levels of society: it is not law that is imposed by some authority from on high. The development of common law was “essentially a private affair concerning millions of people throughout dozens of generations and stretching across several centuries.” It is a process that is self-adjusting and which goes on everyday unnoticed, without great expense to the state and without fractionalising society. This is to be compared to the legislative process, which is defined below.

Legislation is “A rule of conduct imposed by authority. … The body of rules, whether proceeding from formal enactment or from custom, which a particular state or community recognizes as binding on its members or subjects.” However, legislation is always subject to losing its authority as law by slipping out from under the definition; and this, on account of its despicable character. Legislation will lose its force as being law when a significant part of the community does not and will not recognize legislation (for whatever reason) as being binding upon itself.

1 – Common Law

The fact of the matter is that there exists all around us a great body of law that has not ever been (nor could it be) written down in one spot. In a way, its, its more of a process that has a single guiding rule, the “golden rule,” a negative rule: “Don’t do something to someone that you don’t want to have visited on yourself, either directly or through the agency of a government.” Though it has suffered much at the hands of legislators, common law is yet followed in all major English-speaking nations around the world. Common law to England was and is its very force. The greatness of England, certainly in the past, is attributable, I would say fully attributable, to the stabilizing and enriching institution that we have come to know as common law. This subject of the common law is a great and wonderful subject: its evolutionary development and its great benefits make it the most superior law system known in the world, as history will readily tell.

The common law is as a result of a natural sequence that hardened first into custom and then into law. It did not come about as an act of will, as an act of some group aware only of the instant moment, unaware of the nature and history of man. It comes about as a result of a seamless and continual development, through processes we can hardly begin to understand; it evolved along with man.

2 – The Object of Legislation

A person or group of persons, surprisingly easily, can make another or others do what is wanted. One way is by negotiation and accommodation, viz. by contract, that is to say, to trade with them. Another way is to command that which is desired to be done and back it up with the threat of brute physical force: that is to use coercion: that is what we call legislative law: that is the dark side of the law.

What, you might ask has this to do with the fabric of society? It is in the definitions – common law comes about by consensus and agreement whereas those who seek to operate their own agenda impose legislation on society.

At this point in time (2006) we stand at a crossroads or a fork in the road of human societies development. We can either remain on the path that has stood us in good stead for many millennia by retaining Common Law, or we can allow laws to be imposed upon society by the use of brute force to satisfy the whims of a faceless dictator. While you may regard the use of the word dictator as a bit extreme, this is what is happening. We have a faceless bureaucracy behind who are hiding the puppet masters. So many laws are being passed which the general public do not even know about. These laws are being enacted to benefit a small part of society to the detriment of the majority.

Overall, the majority of nations regard themselves as democratic, and yet those in power take no notice of the requirements of general society who they have sworn to serve. Instead those who determine what is best for you and I are regarded by the bulk of society as untrustworthy and corrupt. Most surveys find politicians well below car salespeople in this regard.

Parliament or its like was set up originally so that the voice of the people could be heard and a consensus arrived at for the benefit of those people. Now those institutions have been taken over by groups (they are called political parties) who have their own agenda that proves again and again to be at odds with the will of the people. The “democratic elections” are a farce as society as a whole knows that the political parties and the politicians lie through their eyeteeth just to retain power. They have no intention of keeping their word when they get elected. They want merely to retain power at all costs. Legislation has been enacted through the centuries since the Magna Carta that completely removes the requirement that politicians speak for the people they represent, but must mouth the words and ideas of the political party. So why do people still vote in these elections?

To be continued….

Japan and whaling

June 19, 2006

In the last few days and weeks there has been a plenty of news coverage of Japan bribing small countries to support their position of killing whales for “scientific purposes”.

This is national pride, ego and arrogance gone mad.

The fact that the Japanese government feels that it is entitled to kill as many whales as they want for no particular reason, and to hell with everyone else indicates a very disturbed national mind. The Japanese now have a very large store of whale meat (in excess of 5000 tonnes) that the Japanese public do not want to eat. It is now being used as pet food.

So now the Japanese want to kill more whales, not for “scientific research”, but to feed their pets. The idea of “scientific research’ is surely to either support or develop a hypothesis that will engender knowledge to the human race. How the killing of endangered species fulfils this aim completely escapes me.

Now that the Japanese government has admitted that it is using foreign aid as a means of controlling the votes of small nations who are members of the International Whaling Commission (IWC) to support their demand to kill sentient mammals, beggars the question of whether Japan is determined to become the persona non-gratia of the ocean. They are demanding the right to kill anything and everything that they come across in the open ocean. Isn’t this how the 2nd World war started – with controlling and subjugating smaller countries? Now though countries (except the USA) have learnt that military force is not necessary to conquer countries, money works much better.

The fact that Greenpeace is getting out there on the ocean doesn’t seem to have much affect on stopping the whaling. Perhaps now is the time to look at other options.

  • Try and get your Government to break off diplomatic relationships with the whaling nations – this includes Japan, Norway and Iceland. Realistically this isn’t going to happen.
  • Try and get your Government to out bribe the Japanese control of the smaller countries. This is unlikely to happen as there does not seem to be many Governments (apart from New Zealand and Australia) who really care about the raping and pillaging of the oceans.
  • Get the Japanese people to pressure their own Government to stop the whaling. Bearing in mind the hive like mentality that Japanese society appears to have, and the almost complete subservience they have to authority it is unlikely that this will happen.
  • Making the economic returns of hunting whales non-existent. This is the case now, evidenced by their use of the meat for pet food, because the Japanese people don’t buy it. The economics are likely to get worse instead of better.
  • Sinking the whaling ships – or at least the factory ships. Is this possible? Of course it is. The sinking would need to be in the deep ocean so that there is no possibility of salvage. Will this happen? It is difficult to tell, the attitude of the environmentalist would need to change from following the rules, and decide to work outside the box. This breed of activist already exists in the UK under the banner of the animal activist. All that needs to happen is that they move from land based to ocean based. This will take money and organisation, but it very possible. I understand that the factory ships of the whaling nations are old and cost a lot to maintain. If they were all lost at sea perhaps the whaling nations would think twice about replacing them. You never know!

World of greed

June 19, 2006

We live in a world of greed, where the rich get richer and everyone else is treated as a slave. Is this how we are meant to live and interact with each other? It is my view that this is not the case.

The human race initially consisted of family groups, moving to tribal and eventually a village society. Once the collection of people became too large for everyone to know each other, at least by sight, an opportunity arose for human predators to become active. In today’s society where neighbour does not know neighbour, these predators flourish at society’s expense.

Some of these predators are real people such as con men, tricksters and fraudsters. They operate by manipulating people’s trust and general greed and stupidity. It has been shown to be impossible to protect people against themselves. Continual moving from victim to victim is the hallmark of this type of predator.

The most common type of predator is the one that continually manipulates society to ensure that it can predate upon society without getting tarred and feathered and removed from society. We all know who these predators are, the Government, banks, big business and all the so-called quasi government organizations that virtually control society without any mandate from society even to exist.

Banks are a case in point. Originally set up as a safe repository of the nations cash, they are effectively trying to remove cash completely from our society. The increased reliance upon electronic financial transactions and the fact that you are actually charged for depositing or withdrawing the legal currency of the land must indicate that cash has a finite life within society. The question that must be asked is “Why should cash disappear?” The major reason appears to be the ability to maintain control over society as a whole. The IRD has maintained that the black untaxed economy has been growing enormously in the last ten years or so. This black economy survives by the use of untraceable cash. Therefore, the theory goes that if there is no cash, all financial transactions must take place through a bank, the black economy will disappear, and therefore the IRD will increase the overall tax take and personal tax rates will fall. This is a load of hogwash, as a report commissioned by the IRD found that reducing monetary control and tax rates increased the overall tax take.

The present tax laws are recognised as being extremely convoluted, ambiguous and draconian in their application. However, our elected government seems to have no will (or ability) to scrap all the present legislation and come up with a very simple system that applies to everyone equally. Such a system could be based on a 1% transaction tax for all amounts transferred into and out of a bank account. This would also include the banks and businesses that use the Reserve Bank and other facilities to balance their books on a daily basis. This amounts to multi-millions of dollars every day, and yet financial transactions such of these are exempt from any form of taxation. Individual accounts are already monitored to pay the taxman, so why not the corporate’s?