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Indonesia’s fires have now razed more land than in the entire US state of New Jersey

Provider of BG, SBLC, DLC or Letters of Credit loanandinvestments@outlook.com

 

The fires in Indonesia that are creating hellish amounts of toxic smoke are also doing their job: clearing land. This year they’ve removed about 21,000 square kilometers (8,100 square miles) of forests and peatland, according to the country’s National Space and Aviation Agency (link in Indonesian).

For context, that’s greater than the land area of the US state of New Jersey, or of the nations of Slovenia, Kuwait, or El Salvador.

Set to inexpensively clear land for the palm oil and pulp-and-paper industries, the smoke from the fires have caused respiratory ailments in half a million people in Indonesia, and at least 19 have died (most from breathing in smoke, some from fire-fighting accidents). The fires have also cast a toxic haze over a large part of Southeast Asia, including Singapore and parts of Malaysia, Thailand, and the Philippines. By some calculations the smoke has catapulted Indonesia to the top of the rankings of the world’s worst global warming offenders, just ahead of the United Nations Climate Change Conference to be held next month in Paris.

The agency used satellite imagery and data collected from June 21 to Oct. 20 to make its calculations. It warned, however, that the final figure was likely to be higher. The fires are still raging, and there’s little hope of rain—delayed by El Nino—extinguishing the flames anytime soon. (Last week the Indonesian Red Cross extended its response period to the haze crisis until January.) And smoke still shrouding the land, it added, makes assessing the situation difficult for many areas.

Here’s the latest look at the first that were burning on Monday afternoon (Nov. 2) in Indonesia, according to Global Forest Watch, which is monitoring the situation in real time:

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(Globalforestwatch.org)

According to Indonesia’s space and aviation agency, about 6,180 square kilometers (2,390 square miles) of the land burned is peatland—highly toxic when drained and burned—and 15,000 square kilometers (5,790 square miles) is not. The fires have primarily hit Sumatra, Kalimantan, and the Indonesian side of New Guinea, which is considered the next frontier for Indonesia’s palm oil industry.

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Rogue Banking Developments Sending Shockwaves Through the Financial World

Loan and Investments SBLC

How did one man deposit less than thirty dollars into an account and then wind up becoming a millionaire? What kind of secret investment strategy is turning the financial world on its head?

These are just a few of the questions that investor Douglas Hill asked himself. The person who deposited those twenty seven dollars was named Kevin Koch and the secret currency he was putting his money into was Bitcoin.

You may have heard of Bitcoin. It’s the currency that doesn’t have any national backing, the one that lives and breathes on the internet.

It may just be the biggest revolution in economics since the invention of the stock market…

Why is investing in Bitcoin so worthwhile? There are no minimums to how much you have to deposit into the account. And you can get at the money at any time, with no lock out periods. There are no fees, hidden charges, or restrictions on where you have to be to use it. You could live on Antarctica or right in the middle of the town where you grew up—it doesn’t make a difference. This underground currency system doesn’t have the regulations that bog down the rest of the world of finance and banking.

But how are average investors like you supposed to know where to get access to quality Bitcoin markets and information? Here is a tip: The easiest way to find out everything you need to know about profiting from the Bitcoin craze, is to sign up for The Laissez Faire Letter, which will give you access to ‘The Bitcoin Bible: The Safest and Easiest Ways to Buy, Sell, Store, and Speculate’.

The Laissez Faire Letter is what Douglas Hill created to help people guide their way through these uncertain economic times. It stands for everything you believe about the economy—that it exists solely for you to make money. Period. That’s why when you subscribe for this amazing newsletter you’ll receive absolutely free access to three amazing publications: The Bitcoin Bible,The Obamacare Antidote, and How to Make Yourself Invisible to the NSA.

Each of these eBooks are targeted at the same audience as The Laissez Faire Letter: Ordinary people who just happen to have a problem with being told by the government that there is only one way that things have to be done – their way.

These eBooks are for those people who just say NO to big government and those who believe that privacy is NOT something that has to be compromised on in the name of liberty. If you are one of these people, you may have just found not only a way to protect yourself, but also to make yourself financially independent.

If you need Loan, project financing, Bank Guarantees, SBLC, DLC or Letters of Credit kindly contact us immediately for more detailed information. 
 
 
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Number One Managed Bank Guarantee Financing Program

$350K Deposit to 30 Million Non Recourse in 45 to 90 Days OR $500K Deposit to 100 Million Non Recourse in 45 to 90 Days This program is an End to End Managed Bank Guarantee Funding and Monetization Program. The Program has two Options:

  • $350K Deposit in 30 Million Non Recourse in 45 to 90 Days, OR
  • $500K Deposit to 100 Million Non Recourse in 45 to 90 Days.
 

The program includes Total Deposit Protection with a very high profile Attorney Trust Account protected by a law firm that was founded by a Supreme Court Judge.

Either your Bank Guarantee is Issued or your Get your Deposit Returned, we make money closing deals NOT taking Deposits!

The level of transparency, access, protection and proof provided in this program is unique and is rarely offered in the Bank Guarantee industry. The entire End to End Proven Program includes BOTH Issuing a Bank Guarantee and Funding that Bank Guarantee. Everything has been prestructured, preapproved and prenegotiated so it is hassle and headache free with certain predetermed outcomes you can bank on. We provide total contract protection and agree to penalties up to 20 times your deposit!

Full Non Recourse Funding in the program means you do not have to repay a cent! The Bank Guarantee is Issued from AAA Rated Top 25 Bank and funded from a second AAA Rated Top 25 Bank. Client Deposits are paid to Attorney Trust Account where Trust Attorney and Barrister has No Criminal History, No Criminal Record, No Criminal Convictions and is the Legal Counsel for Governments and major Corporations. There is No Trading, No Leveraging, No Borrowing, No Currency Investing and we DO NOT require any Project Documentation. All we need to issue program agreements to clients are 3 Documents: CIS (Customer Information Sheet), NCND and Proof of Funds.

Please contact us for more information… 
 
 
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Brokers are paid good commission on each successful transaction so if you want to work for our company as a broker, agent or mandate please contact us for more information.

ICBPO is illegal because it has been Banned

ICBPOs Illegal

ICBPO (Irrevocable Conditional Bank Pay Orders) are now banned and have been made illegal by most governments. BG and SBLC Issuers that continue to ask for ICBPOs as payment are completely out of touch by seeking a form of financial payment that has been made illegal in most countries. Any supplier that requests payment by ICBPO clearly doesn’t understand the Bank Guarantee Industry and is an amateur not a professional. You cant be a credible financial supplier and request your customers pay you using illegal means eg ICBPO.

So why have most governments banned and made ICBPOs illegal?

Answer: When an ICBPO (Irrevocable Conditional Bank Pay Orders)  for 500 Millions Dollars is lodged with a Bank in Country A to “Irrevocably” pay a Bank in Country B. The National Balance of Payments Accounts in BOTH Countries is immediately effected!

Country A incurs a 500 Million Dollar Balance of Payments Debit (Deficit) and  Country B receives a 500 Million Dollar a Balance of Payment Credit. This immediately affects BOTH countries National Debt Balance Sheets and can also have an affect on the countries exchange rate because of the sheer size of the transaction.

The the above action occurs immediately when the Bank Pay Order is written because the Bank Pay Order is “Irrevocable” meaning it cannot be cancelled.

The situation gets worse when Bank A issues the ICBPO for 500 Million but Bank B doesn’t deliver the Bank Guarantee and defaults on the transaction…. This leaves Bank A unable to cancel their ICBPO or recover their 500 Million Dollar payment for a transaction that did not occur. AND Leaves Country A with a 500 Million Dollar Deficit when no goods or services were transacted!

ICBPOs Illegal

Most Governments have now recognized the extreme risk and effect ICBPOs have on their economies and as a result they have banned them and made ICBPOs illegal for all parties except for very large specially licensed financial institutions that have been given direct government approval. Those institutions are few and far between and rarely operate in the Bank Guarantee Industry.

So ICBPOs are well and truly off the Bank Guarantee menu! Normal BG and SBLC Payment Guarantees of MT799 have replaced them.

If you need Loan, project funding, Bank Guarantee, SBLC, DLC or Letters of Credit please contact us immediately. 
 
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Brokers are paid good commission on each successful transaction so if you want to work for our company as a broker, agent or mandate please contact us for more information.

Pictures: Investigators piece together the wreckage of MH17, and blame a Russian-made missile

The Dutch National Aerospace Laboratory (NLR) has published conclusions from its investigation of the crash of MH17, the Malaysia Airlines flight that went down in eastern Ukraine in July 2014 on its way from Amsterdam to Kuala Lumpur. The report (PDF) confirms what was suspected already: that a Russian-made Buk surface-to-air missile hit the plane and caused it to explode in midair.

The surface-to-air missile system the NLR says was used in the attack. The surface-to-air missile system the NLR says was used in the attack.

The missile impacted the left side of the Boeing 777’s cockpit, instantly killing the three crew members inside. Investigators say that bow-tie-shaped pieces of shrapnel, consistent with what would have come from a Buk missile, were found inside those crew members’ bodies.

The right side of the MH17 cockpit, as reconstructed from found wreckage. The right side of the MH17 cockpit, as reconstructed from found wreckage.

According to a Dutch Safety Board brochure about the investigation (PDF), a digital simulation of the impact showed that after the warhead detonated on the upper left side of the cockpit, the pressure wave that followed the explosion destroyed the front section of the aircraft, at which point the plane broke in half as “the cockpit and the floor of the business class tore away from the fuselage almost instantly and crashed.” Over the next 60 to 90 seconds, the rest of the plane continued flying for about 8 kilometers, breaking apart as air currents tore off the wingtips and tail.

From page 13 of the Dutch Safety Board brochure on the MH17 crash.From page 13 of the Dutch Safety Board brochure on the MH17 crash.

Investigators briefed the relatives of the 298 people who died in the crash, many of them Dutch citizens, ahead of releasing their report. The relatives were told that their loved ones were likely knocked unconscious or killed on impact. As The Guardian notes, the NLR report does not include any findings of liability or blame; the Dutch criminal prosecutor’s office is currently preparing a report, due in 2016, for that purpose. It is widely believed that the missile was fired by Russian-backed separatists in Ukraine, but Russia has repeatedly denied any involvement.

The Dutch Safety Board (DSB), which commissioned the NLR report, discussed the findings at a press conference in The Hague today. DSB chairman Tjibbe Joustra said that the airspace where MH17 was brought down should have been closed, but officials had failed to recognize the risks posed by the armed conflict on the ground there. “Nobody gave a thought to a possible threat to civil aviation,” Joustra said (video).

On stage behind Joustra, there was a 20-meter-long partial reconstruction of the aircraft. Guardian journalist Luke Harding said it was “haunting”:

The inside of #MH17 cockpit eerie: two empty pilots’ chairs, mangled and tilting left and right; a crumpled metal base with shrapnel holes

— Luke Harding (@lukeharding1968) October 13, 2015

The glass from the cockpit looks like an ice-sheet, patterned with dark holes; more damage on left side than right. Haunting

— Luke Harding (@lukeharding1968) October 13, 2015

The reconstructed cockpit, as presented by the Dutch Safety Board today.The reconstructed cockpit, as presented by the Dutch Safety Board today.

Hours earlier, in Moscow, Almaz-Antey, the maker of Buk missiles, held its own press conference about the crash. The defense contractor conducted its own simulation of the event, in what the Kyiv Post called a “sloppy, pre-emptive measure” against the Dutch report. Almaz-Antey sought to prove that the missile must have been fired from ground controlled by the Ukrainian army, not by pro-Russian separatists. Almaz-Antey also argued that the plane was hit by a Buk model that is no longer used by Russia but that the Ukrainian army may be using. The presentation, during which Almaz-Antey representatives referred to a grade-school geometry textbook to explain their theory, was not very convincing.

If you need Loan, project funding, Bank Guarantee, SBLC, DLC or Letters of Credit please contact us immediately.
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Brokers are paid good commission on each successful transaction so if you want to work for our company as a broker, agent or mandate please contact us for more information.

Aston Martin is working on an electric supercar with double the horsepower of its gas-powered cars

One of the most quintessentially British cars will soon be driving into the 21st century. At a Bloomberg conference in London Monday (Oct. 12), Aston Martin CEO Andy Palmer said that the car company is working on an all-electric version of its Rapide sports car, which it plans to have available by the end of 2017. And it’s going to be a beast.

“We’re talking about an electric Aston Martin with between 800 and 1,000 horsepower—imagine having all that torque on demand,” Palmer told Bloomberg. (For reference, the 2015 gasoline-powered Rapide model has 552 horsepower, whereas a Tesla Model S can have up to 691 horsepower.)

The company wasn’t immediately available for comment on how the electric Rapide will differ from the current model, but Palmer said onstage that the new car will be based on the existing model. After that, the company plans to put out an electric crossover vehicle. The company showed off a concept car earlier this year, called the DBX—the first crossover the company has made—and Palmer said this would be the basis for the company’s second electric vehicle.

The DBX concept crossover car.The DBX concept crossover car.

While Tesla currently has the luxury electric sports car market wrapped up with its Model S and recently announced Model X vehicles, the company will soon be facing increased competition. Audi, Mercedes, and Porsche have all announced their intentions to have electric vehicles on the road by the end of the decade. Tesla is likely to increasingly go after the rest of the market, however: CEO Elon Musk has said that the company’s next car—the Model 3—will be more affordable, starting at $35,000. Palmer said that Aston Martin has no intention to leave the luxury market, whether it’s electric or gasoline-powered, telling the conference he wants to avoid the “vanilla in the middle.”

James's new Aston Martin DB10, next to the classic DB5. Up next: Electric Bond?James’s new Aston Martin DB10, next to the classic DB5. Up next: Electric Bond?

For years, James Bond, the protagonist of the British 007 spy films, has driven an Aston Martin. He’s experimented over the years with Germans and Italians over the years, but seems to always find himself back behind the wheel of a British classic. In the upcoming Bond film, “Spectre,” James will be driving the new Aston Martin DB10. And Palmer said there’s a chance that an electric vehicle could make it into a Bond film in the future (assuming there’s another one): “It’s an awfully good getaway vehicle,” he said. “I don’t think James really cares what the power train is as long it’s fast and beautiful.”

If you need Loan, project funding, Bank Guarantee, SBLC, DLC or Letters of Credit please contact us immediately.
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Brokers are paid good commission on each successful transaction so if you want to work for our company as a broker, agent or mandate please contact us for more information.

Top Reasons Why We Are The Best BG, SBLC & DLC Providers In The World

When you are buying, selling, monetizing, funding or discounting Bank Guarantees, you only want to work with the most reliable, safe, ethical, knowledgeable, honest and efficient providers.
Here are Top 11 Reasons Why LOAN AND INVESTMENTS LIMITED should be Number 1 for you!
 
 
1. Unrivaled Authenticity – We are NOT Brokers! We are Direct to 5 Genuine Performing Bank Guarantee Issuers that are located in London, Dubai, New York and Hong Kong. We are Direct to Monetizers in Europe and Asia. There is no Broker between us and the BG Issuer or Monetizer, we have open direct unrestricted access to the most reputable industry Bank Guarantee and SBLC Providers and Monetizers. We know the signatories and members of the Bank Guarantee Funding Management Team have met Real Bankers inside Real Banks to conclude Real transactions.
2    Results 100% Guaranteed – We only use genuine, proven, authentic providers who are either billionaires, large financial institutions or bankers with over 10 years experience funding Bank Guarantee transactions. If you have a REAL deal, we will close it and bank it!
3    Complete End to End Managed BG Buy / Sell Program – We provide a comprehensive, integrated, prenegotiated, prestructured Bank Guarantee Issuing and Monetization Program with PROVEN providers. Hundreds of people are frantically trying to find a BG Issuer and Funder who will work together…. WE HAVE DONE IT!
4.    Knowledge and Expertise –  The industry is shrouded in secrecy, staked with misinformation and filled with uninformed brokers and clients. We see information as power and  provide you with more detailed information, comprehensive explanations, honest answers and warnings of what to watch out for than almost any others company in the industry! The more informed you are the more protected you are, that’s why subscribing to our newsletter is a MUST. This is also why we offer lengthy Program Overviews on services like our Fully Managed Bank Guarantee Program and Buy Leased Bank Guarantee Program.
5.  No Customer has ever had a failed transaction with us

6.  No Attorney Complaints Letters Ever 

7.  No Govt or Local Agency Complaints Ever Received

8.  No Lawsuits ever filed against us

9.  No Criminal Convictions for the Business in any Country

10. No Criminal Convictions  for any of our Owners in any Country

11. Brokers are Protected –
 We value and appreciate brokers working with us and protect them from any potential circumvention. Brokers can earn up to 1% on each successful transaction or client.
LOAN & INVESTMENTS LIMITED has carved out a reputation for credibility, transparency and responsibility. We care about our customers and their money!
Kindly contact us today for more information.
NOTICE: Brokers are welcomed, appreciated and compensated. We pay 1% commission to our brokers and company representatives.
If you want to be our broker or company representative in your country just contact us today for more information.

68 Chinese Lawyers Make Urgent Statement on Disappearance of Bao Zhuoxuan and Two Others in Myanmar

Beginning on July 9, 2015, human rights lawyers in China came under cruel assault. Bao Zhuoxuan (包卓轩), the 16-year-old son of disappeared rights lawyer Wang Yu (王宇) and activist Bao Longjun (包龙军) has been subjected to extralegal and inhumane treatement.

On July 9, Bao Zhuoxuan was intercepted and prevented from leaving China at the Beijing Airport, while witnessing his father being arrested. After that, he was put under surveillance at his grandmother’s home in Tianjin. Then he was sent to Inner Mongolia by the police, where he was made to study at a school the police designated, and monitored by local police while he did so. With his freedom limited and passport and other identification seized, he was unable to go to Australia for his study abroad program. Nor could he return to Beijing and live in his own home. He was even warned by police not to hire defense counsel for his parents.

Bao Zhuoxuan is not suspect of any crime, nor is he a criminal. The illegal measures taken by the Chinese police against this minor have violated the most basic human principles. Article II of the United Nations’ Convention on the Rights of the Child, to which the Chinese government is a signatory and ratifying party, says: “States Parties shall respect and ensure the rights set forth in the present Convention to each child within their jurisdiction without discrimination of any kind, irrespective of the child’s or his or her parent’s or legal guardian’s race, colour, sex, language, religion, political or other opinion, national, ethnic or social origin, property, disability, birth or other status.” The police of China have followed, surveilled, and restricted the freedom of Bao Zhuoxuan. This not only violates international law, as well as China’s own provisions in the “Law on the Protection of Minors,” but also involves in the crime of abuse of power.

On October 6, Bao Zhuoxuan, along with Xing Qinxian (幸清贤) and Tang Zhishun (唐志顺), friends of Bao’s parents, disappeared in Myanmar, in a region along the border with China. Numerous signs indicate that China’s police have an unshirkable responsibility for the disappearance of Bao and his companions.

For this reason, we the undersigned lawyers now make the following demands:

  1. That the Chinese government, as a signatory to the UN’s Convention on the Rights of the Child, guarantee the personal safety of Bao Zhuoxuan and others, assist the Myanmar government in expeditiously tracking their whereabouts, and notifying their relatives or guardians;
  2. The Chinese police, as one of the parties responsible for the disappearance of Bao Zhuoxuan and his companions, should ensure that the individuals inside the police force responsible for the incident be subject to the appropriate legal sanctions;
  3. Chinese police should immediately cease the harassment of Bao Zhuoxuan and the family members of other lawyers disappeared during the ongoing crackdown on lawyers that began on July 9. They should also cease illegally obstructing Chinese human rights lawyers and activists, and their family members, from leaving the country, and guarantee the right of Chinese citizens to exit and enter their homeland;
  4. The United Nations, governments around the world, and human rights organizations should express strong concern over the disappearance of Bao Zhuoxuan and others. They should fulfill their international obligations and protect the personal freedom and safety of Bao Zhuoxuan and his companions in Myanmar, and after they’ve left the Chinese border, so as to prevent unlawful infringements against them.

Signatories:

Yu Wensheng (Beijing) 余文生(北京)

Zhong Jinhua (Shanghai) 钟锦化(上海)

Teng Biao (Beijing) 滕彪    (北京)

Tang Jitian (Beijing) 唐吉田 (北京)

Zhang Tingyuan (Chongqing) 张庭源  (重庆)

Lin Qilei (Beijing) 蔺其磊 (北京)

Ma Lianshun (Henan) 马连顺 (河南)

Jiang Yuanmin (Guangdong) 蒋援民  (广东)

Chang Boyang (Henan) 常伯阳 (河南)

Feng Tingqiang (Shandong) 冯延强 (山东)

Ge Wenxiu (Guangdong) 葛文秀 (广东)

Ge Yongxi (Guangdong) 葛永喜 (广东)

Li Weida (Hebei ) 李威达 (河北)

Lan Zhixue (Beijing) 兰志学 (北京)

Tan Chenshou (Guangxi) 覃臣寿 (广西)

Ren Quanniu (Henan) 任全牛 (河南)

Wen Donghai (Hunan) 文东海 (湖南)

Wu Kuiming (Guangdong) 吴魁明 (广东)

Chen Jinxue (Guangdong) 陈进学(广东)

Tan Yongpei (Guangxi) 覃永沛 (广西)

Lü Zhoubin (Zhejiang) 吕洲宾 (浙江)

Li Jinxing (Shandong) 李金星 (山东)

Huang Hanzhong (Beijing) 黄汉中 (北京)

Li Fangping  (Beijing) 李方平 (北京)

Tan Weijin  (Guangxi) 覃玮进  (广西)

Zhang Lei (Beijing) 张磊 (北京)

Huang Zhiqiang  (Zhejiang) 黄志强  (浙江)

Deng Linhua (Hunan) 邓林华 (湖南)

Wang Xing (Beijing) 王兴 (北京)

Wang Qiushi  (Heilongjiang) 王秋实  (黑龙江)

Xu Hongwei (Shandong) 徐红卫 (山东)

Liang Xiaojun (Beijing) 梁小军  (北京)

Ran Tong  (Sichuan) 冉彤  (四川)

Fu Ailing  (Guangdong) 付爱玲  (广东)

He Weimin  (Guangdong) 何伟民  (广东)

Gao Chengcai (Henan) 高承才  (河南)

Wang Qingpeng (Hebei) 王清鹏  (河北)

Yu Quan (Sichuan) 于全  (四川)

Liu Shuqing (Shandong) 刘书庆 (山东)

Chen Nanshi (Hunan) 陈南石  (湖南)

Lü Fangzhi (Hunan) 吕方芝  (湖南)

Xiong Dongmei (Shandong) 熊冬梅  (山东)

Tian Yuan (Hunan) 田园(湖南)

Qu Yuan (Sichuan) 瞿远(四川)

Jiang Tianyong (Beijing) 江天勇  (北京)

Wu Liangshu (Guangxi) 吴良述  (广西)

Me Minfu (Hebei) 么民富(河北)

Liang Lanxin (Hebei) 梁澜馨  (河北)

Li Dawei (Gansu) 李大伟  (甘肃)

Liu Shihui  (Guangdong) 刘士辉  (广东)

Sun Qiang (Hunan) 孙强  (湖南)

Chen Zhizong (Beijing) 陈智勇  (北京)

Xi Xiangdong (Shandong) 袭祥栋  (山东)

Zhang Chongshi (Hunan) 张重实(湖南)

Zheng Enchong (Shanghai) 郑恩宠  (上海)

Zhang Jiankang (Shanxi) 张鉴康  (陕西)

Li Yuhan (Beijing) 李昱函  (北京)

Yang Hong (Zhejiang)杨红 (浙江)

Wang Guofang (Guangdong) 王国芳  (广东)

Zhao Xianfeng (Shanxi) 赵险峰 (陕西)

Liu Changzhong (Hunan) 刘长中 (湖南)

Wang Fengming (Hebei) 王凤明 (河北)

Fan Guogang (Jiangsu) 范国刚  (江苏)

Chen Jiahong  (Guangxi) 陈家鸿   (广西)

Shu Xiangxin (Shandong) 舒向新  (山东)

Liu Zhengqing  (Guangdong) 刘正清  (广东)

Liu Wei (Henan) 刘伟  (河南)

Tong Zhaoping (Beijing) 童朝平  (北京)

The declaration was made by the Chinese Human Rights Lawyers Group, a voluntary and open platform composed of over 280 Chinese human rights lawyers. We welcome more colleagues to join us to sign this statement. Please send your name and location where you practice to yws818@163.com.

Since its establishment on September 13, 2013, the group has organized joint petitions, aided lawyers in joining rights cases or incidents, and made a variety of similar efforts to protect human rights and promote the development of the rule of law in China. Any Chinese lawyer who share the same human rights principles and are willing to defend citizens’ basic rights are welcome to join the group.

Contact persons (in the order of Pinyin):

Chang Boyang 常伯阳 18837183338

Liu Shihui 刘士辉 18516638964

Tang Jitian 唐吉田 13161302848

Wang Cheng 王成   13616501896

Yu Wensheng 余文生 13910033651

If you need Loan, project funding, Bank Guarantee, SBLC, DLC or Letters of Credit please contact us immediately.
Skype: loanandinvestments
Brokers are paid good commission on each successful transaction so if you want to work for our company as a broker, agent or mandate please contact us for more information.

Why India needs a new constitution

The widely acknowledged fact that non-resident Indians (NRIs) are successful in the US, in general—and the Silicon Valley, in particular—stands in sharp contradistinction to the fact that Indians are not very successful in promoting their country’s prosperity. Even after seven decades of independence, India has failed to become a developed nation.

The question why so needs an answer not for any academic reason, but because the prosperity of more than a billion people hinges on it. Without understanding the precise reasons for India’s continued under-performance, it is unlikely that the country will break out of this trap.

A quick review of factors that could potentially prevent a country’s economic growth is useful. Among those factors that destroy all possibilities of wealth creation are devastating foreign invasions or protracted wars; decades-long chronic internal civil conflict; frequent countrywide natural disasters such as earthquakes, floods and droughts; acute lack of natural resources; and total lack of human, social and cultural capital.

Clearly, in India’s case, those factors do not apply—either individually or in combination. That leaves just two other factors that were not mentioned, but could explain India’s case. One is divine decree and the other is poor governance. Assuming that the gods are not maliciously inclined towards India, we focus on the government factor.

The claim made here is that the proximate reason for India’s lack of progress is policies that prevent sustained growth—and that these policies ultimately derive from the Constitution of India.

The constitution affects policies

Economic policies flow from the type of government and its objectives. Growth-oriented governments implement policies that promote economic development. Contrast that with governments that implement extractive policies, which retard or altogether prevent development, primarily because extractive policies are not consistent with development. It is the Constitution that directly determines what kind of government a nation has, and thereby indirectly the economic policies.

Economic policies have consequences. How an economy performs depends on policies that the government implements. Nobel prize winning economist Douglass North observed that “economic history is overwhelmingly a story of economies that failed to produce a set of economic rules of the game (with enforcement) that induce sustained economic growth.”

Is there any reason to expect Indian governments to be exploitative? History provides a plausible answer. For nearly a century, India was under comprehensive colonial British rule. As can be rationally expected, the government that the British imposed on India was not primarily directed towards development, but rather towards extraction. That is only reasonable because wealth extraction is the rationale for colonial rule.

The British, therefore, created the institutional structures, which necessarily includes the government that controlled India through comprehensive government control of the economy. This structure administration and control was left intact when the British decided to leave India, and was taken over by the government of Independent India. Although India attained political independence from the British raj, Indians did not become free of a controlling—and extractive—government.

Independence brought political freedom to Indians, but not economic freedom. The positive correlation between economic freedom and the prosperity of a country is so robust that the causal link between the two is impossible to miss or deny. Countries with the most economic freedom are the most prosperous. Consider the Fraser Institute’sEconomic Freedom of the World: 2015 Annual Report, in which they rank 157 countries for the year 2013. In the first quartile, the most economically free, you find the prosperous large advanced industrialised countries such as the UK (10th rank), the US (16th), Japan (26th) and Germany (29th). The fourth quartile is the least free and understandably economically backward countries like Iran, Brazil, Argentina and Venezuela. India falls near the bottom of the third quartile (114th), behind Mexico (93rd), Russia (99th) and China (111th).[pullquote]Indians are not incapable of creating wealth. Where they have economic freedom, they do prosper.[/pullquote]

As noted at the beginning, Indians are not incapable of creating wealth. Where they have economic freedom, they do prosper. Indian Americans constitute the most economically successful of all ethnic groups in the US, with a median annual household income of around $100,000, which is nearly double that of the US as a whole. This fact is noteworthy because it points to a fundamental structural difference between India and the US even though they are both large democracies. This is a consequence of the “different rules of the economic game,” which arises from differences in the Constitutions of the two countries.

India’s Constitution is very large, gives the government enormous powers to intervene in the economy, allows the government to enact laws that discriminate among citizens based on attributes such as sex, religion, and caste, restricts freedom of speech, and limits the right to property. In short, it allows deliberate political and economic exploitation. The US constitution, by contrast, is short, grants freedom of speech, protects property rights, prohibits discrimination among citizens, and limits the power of the government.

The most salient distinction between the US and Indian Constitutions lies in the relationship between the people and the government that the two define. The US Constitution places the people as the principal and the government as its agent. This is evidenced in the limits that the Constitution imposes on the power of the US Congress. The Indian Constitution places the government as the principal and the people as its agent—as can be expected of a government that is essentially colonial in nature. Like the British government before it, the governments of post-1947 India impose what’s known as the “permit, permission, license, quota control raj.”[pullquote]The wealth Indian Americans create for themselves and their adopted country is immense, but it also represents the wealth that could have been potentially created in India but was lost.[/pullquote]

The deleterious effects of the license-control-quota-permit raj are too evident. Economic policies frame the economic environment and, therefore, the economic opportunities. Competent people who lack economic opportunities vote with their feet—if they are able to—in search of greater economic freedom. Looked at it this way, Indian Americans are economic migrants and economic refugees. The wealth they create for themselves and their adopted country is immense, but it also represents the wealth that could have been potentially created in India but was lost. The government of India, while celebrating the successes of NRIs, must also do a bit of soul-searching and ask why so many Indians are compelled to leave India.

India is a functioning democracy. General elections are regularly held and power is transferred routinely and peacefully. Every election is met with great hope that with different political leaders, that things will change for the better. But, although the governments and leaders change, there is very little real change. Regardless of which party or coalition of parties is in power, the policies hardly change.

A nation of free individuals

Nobel laureate economist, James Buchanan Jr, wrote, “It is folly to think that ‘better men’ elected to office will help us much, that ‘better policy’ will turn things around here. We need, and must have, basic constitutional reform, which must, of course, be preceded by basic constitutional discourse and discussion. This is our challenge.”

The conclusion has to be that India’s problem is structural and systemic, and not idiosyncratic. If the Constitution were to change, the ultimate rules of the game would change, the policies (the derived rules) will change, and thus the action on the ground (the play of the game) will change, and therefore the outcome will change.

India needs a new Constitution that is consistent with a nation of free individuals living in a complex, modern, large economy. This modern Constitution has to be one that guarantees economic freedom to the individual, prohibits the government from making any laws that discriminate among citizens, guarantees freedom of speech and the press, prohibits the government from entering into businesses that are properly the domain of the private sector, and so on. In other words, India needs a Constitution that protects the comprehensive freedom of the individual: economic, social and political.

India’s journey will not be successful by doing a new paint job on the car, or even getting a more competent driver, if the basic problem is under the hood. Perhaps India needs a new engine because the old one is broken and can never deliver the power needed for the journey.

Bank Guarantee & SBLC For the client’s Loan

This is a “collateral-first” procedure that is very rare to come by.

This Offer  will consider any type of project and fund it if the client can meet the criteria set forth. There are no restrictions as to size.

The minimum loan amount is US$150 Million (the larger the better).

The “Funding/Lending Source” can be any type of lender, i.e. Hedge Fund, Finance Company, Insurance Company, or other such entity. If the Lending Source is not a nationally or internationally recognized organization, it will have to be approved and must prove its ability to fund. The “bank” or “the funding/lending source’s bank” must be a bona fide bank listed in The Bankers’ Almanac.

It has been our experience that if the subsequent procedures are followed exactly in the following order, the transaction will probably be completed with a minimum of problems or frustrations.

If the client or the banker attempts to change this proven sequence, the entire transaction will become more complicated than necessary and seem confusing, and in all likelihood, will not be successfully completed.

When first approaching the client’s lending bank it is essential that the client addresses a specific sector of the bank. This is generally referred to as; “The Private Banking Sector”, or “The Wealth Management Sector”, the client can also ask for the “International Sector”, which deals with bank instruments. Beware, walking through the front doors of a commercial bank will not get the client to the right sector; usually the sector the client is seeking is in the corporate or divisional office of a bank.

Once the client finds the right sector and is speaking to the right bank officer, the client’s goal is to present himself and the client’s project for proper bank approval and underwriting process. First and foremost, the client’s lending bank is obliged to follow the rules and regulations of The Patriot Act. The Patriot Act requires all USA banks must first know their clients. All USA bank officials must be constantly on the lookout for any banking transactions which appear to be an attempt to get around the currency reporting requirements, for example, Laundry of Funds.

Procedure

1)  First and foremost, the client must absolutely go to his bank and get himself and the project approved without relying on the collateral. The collateral will be provided only as an extra security and as additional collateral or cushion when the bank requests it. Remember, the bank is financing the project, not the BG or the SBLC, therefore the emphasis must be on the project, not the BG or the SBLC.

2)  Client bank’s evaluates the project, goes through the compliance and credit committee and finally the project is underwritten by the client’s bank.
Client’s bank gives full approval to fund the project, and as additional security requests from the client a BG/SBLC issued by a “AA” rated Western European or North American Bank. This must be provided in writing by the bank to their own client.

IMPORTANT:

  •  99% of the times, the Client tells his bank that he HAS an instrument, whereas, he does not HAVE an instrument, he can obtain support for his project and an instrument to secure funds that the Bank or Private lender has conditionally committed to his project subject to the client being able to obtain the instrument.

Of course, the Banker sometimes assumes as much himself, which is why the verbiage of the “Approval Letter” is critical as it demonstrates that the Banker is clear on that point.

(The instrument is 99% of the time FIRST to either arrive or be on Euroclear etc. but the funds have to be there as a loan, so that the instrument is not hypothecated).

  •  Until this stage, all the KYC and due diligence need to be done by the client’s bank on their own client. This funding commitment must be gotten by the client using his and his project’s own strength AND his own close banking relationship. We can not either get involved or assist the client at this stage.

However, if at this stage the client needs our assistance then a fee will incur as per the level of service requested. The fee will be determined according to the service required from us. The type of service and the related fee amount inquiry may be requested in writing from us.

3)  Once the client’s bank is satisfied and the project is approved for funding- subject to the client providing an extra security in the form of an acceptable collateral- then, and only then, can the transaction move forward. The client must have a letter from his financing bank showing the approval to fund his project and the bank’s willingness to make the loan subject to receiving an additional acceptable security for the L/C, e.g. BG/SBLC/MTN issued by “AA” European or North American bank.

4)  Once the client’s bank has notified the client regarding the approval of the client and the project, the client then sends us the following:

  • The “Approval Letter”
  • Client Information Sheet
  • Passport copy of the principal
  • Corporate resolution
  • 3 to 5 page Executive Summary of the project including a 3-5 year financial overview, cash flow with income and expenses and profit and loss tables, must also include the drawdown schedule.
  • Signed and notarized “Letter Of Understanding” (LOU) (will be provided)
  • FPA for 1% (will be provided)

5)  Eventually, the bank will issue two letters and send them to our designated bank via swift MT799:

  1. One would state that they stand ready to provide a line of credit against BG/SBLC/MTN to be duly issued by at least  “AA” rated bank to be delivered to them via MT760. Furthermore this line of credit would be forwarded to our designated bank (in Europe or North America).
  1. The other would state that the funds would be sent  IMMEDIATELY, via MT103 upon receipt, verification and authentication of the BG/SBLC/MTN.

6)  After the client’s bank has executed the above mentioned 2 Letters, the bankers will contact one another and arrange all of the pertinent details for the delivery of the instrument.

7)  After the collateral has been sent as agreed, and the transfers have been honored, the transaction will have been completed and the client’s bank will be released from any further obligation.
The transfers  will be as follows:

For Transactions up to $499 Million:

94% to collateral provider
The remaining amount is for the Lending bank’s fees and interest.

For Transactions $500 Million and up:
90% to collateral provider
The remaining amount is for the Lending bank’s fees and interest.

How the project gets funded

The Funding Group is to fund the project on the basis of  equity participation, therefore the project will be fully funded and will have no debt burden or any loan repayments to make,  thus the project will be free and clear from any debts from day one. A buy-out (exit clause) may be negotiated and agreed to at the signing of the funding and ownership contracts.

The Funding Group, through their local major handling firms of accounts and attorneys, will remit the funds according to an agreed to schedule with the client until the project is completely funded.

All terms are negotiable.

If you need Loan, project funding, Bank Guarantee, SBLC, DLC or Letters of Credit please contact us immediately.

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Brokers are paid good commission on each successful transaction so if you want to work for our company as a broker, agent or mandate please contact us for more information.