December 25, 2014

Comments Off on Venus Retrograde – Money, Love and Happiness

Venus Retrograde – Money, Love and Happiness

Venus rules your money, your relationships and above all, what makes you happy. One of the best things you can do during a Venus retrograde is to think carefully about what makes you happy, what brings love and joy into your life.

It’s a great time to complete any unfinished business you have around finances and relationships. For example, you may come up with a new plan for getting out of debt, you may be in an unhealthy business partnership that needs to be redefined or ended, you might have a great new business idea that needs more planning and structure before you can proceed.

In your relationships, people from the past may come back into your life so that you can resolve any unfinished business that might be preventing you from moving on with your life. Have you learned the lessons associated with this relationship? If you have been having challenges in a relationship, this could be a good time for a reconciliation.

Venus retrograde tends to slow everything connected with money and love giving you enough time to think about things and to see the bigger picture more clearly.

With Venus retrograde in Capricorn, it’s likely to be focused on money and business as Capricorn rules big business, debts, financial institutions, banking and insurance. Capricorn is also ruled by Saturn so you may need to restructure your finances and your relationships or anything that is not working for you in these areas. There could be endings and completions in order to make way for something new and more satisfying to come into your life.

Do you have enough balance in your relationships? Are you giving too much? Are you taking too much?

It is a good time to examine your spending habits, and with Venus retrograde in Capricorn, you may have to tighten your belt and only spend on what you need rather than what you want.

As this retrograde occurs over the holidays and the New Year, I would suggest waiting until after 20th December before buying any luxury or large items because you will probably find that there are huge price reductions and bargains galore to be had once Venus goes retrograde. I anticipate finding lots of great deals in the majority of the retail stores.

If you do buy anything during this time, make sure you keep all the receipts, warranties and guarantees as things can get lost during a retrograde. I once bought a coat during the Venus retrograde for$150.00 and I returned it to the store as it didn’t fit very well. Instead of refunding $150.00 onto my credit card, they refunded just $15.00! It took me months to get the rest of the money out of them.

On the personal front, you may meet someone and you may feel as though you are falling in love with them. Try to go slowly during the retrograde, take your time, because when Venus goes direct on January 31st 2014, this person may not be quite who you thought they were and you could end up being very disappointed. As long as you have gone slowly and you haven’t gotten yourself too emotionally embroiled, then you are not going to feel devastated if things don’t turn out as well as you had hoped.

Venus also rules the currency of a country, its money.

Around the world our economy is changing and crumbling and during this retrograde I wouldn’t be surprised if we see even more bankruptcies on a global scale and also on a personal level where people have just overloaded themselves with financial commitments that they are unable to keep.

If you have been working hard, you have no debts and your relationships are healthy and are founded on integrity and trust, then this Venus retrograde in Capricorn won’t affect you adversely. If however, you have been overspending and your relationships are toxic, then this may be a time of disruption giving you the opportunity to get your finances and relationships into balance once more.

December 18, 2014

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Five Tips for Comparing Used Cars

Buyers looking for a new ride in 2014 will want to make sure they haven’t excluded used cars when shopping. The allure of a brand-new vehicle will always win over some people, but the truth is that used cars are more attractive than ever. A new vehicle loses up to 30% of its value within months after being driven off the lot, and the insurance rates are higher than with a pre-owned model. Those who are leery of buying from an individual seller can appreciate that dealerships are offering large selections of used cars, many of which even come with a factory warranty. The benefits to buying pre-owned are clear. If you’re in the market for a new set of wheels and are looking at used cars, consider these five tips throughout the process:

1) Don’t rule out the competition.
Most people go into the scouting process with a specific make and model in mind. The smartest
shoppers know not to rule out competing vehicles from other manufacturers. If you’re thinking about getting a Honda Accord, for example, make sure you test-drive a Toyota Camry, Ford Fusion, or other midsize sedan.

2) Take notes on the top contenders.
Keep casual, yet organized notes of things you do and don’t like about each of the vehicles you’re considering. On the notepad, include a checklist of things you need to inspect or ask about each vehicle. For example, list basic factors like odometer reading, body damage, gas mileage, and major repairs. Give each vehicle a score of between one and ten immediately after giving it a test drive so you’ll remember what your gut feeling was about it after sitting in the driver’s seat.

3) Give a detailed visual inspection.
Be sure to look over every square inch of the body, looking for any sign of damage, such as scrapes, dents, or rust. This exercise is about more than making sure it looks good, it’s also a way to look for signs of a potentially unreported accident. Don’t be afraid to speak up and insist on getting all the facts and history about any body damage you find.

4) Don’t allow yourself to feel pressured.
Purchasing a new vehicle is a big financial investment. You deserve to be able to think through your options without feeling pressured to make an immediate decision. While your gut feeling about the vehicles you look at is invaluable, it’s also important to compare each of the contenders in your own home, with a calm head and some dedicated time. Don’t let a dealer or individual seller bully you into making an on-the-spot decision.

5) Ask about a warranty.
It’s not uncommon today for many used cars to come with some type of warranty. Some of these warranties come straight from the manufacturer, while others are offered by the individual dealership. If a warranty is offered, get all the details on what exactly it covers. Some cover all potential issues, while others are limited in covering only the basics. It’s not uncommon for warranties to have a deductible, some as high as $150. Also pay attention to the fine print on a warranty, checking to ensure it is transferable to the vehicle’s new owner.

December 10, 2014

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Tax Agent

The term “tax agent” will check with two totally different professions, each associated with taxes. In one sense, it’s someone from an agency which represents the government in investigation and assortment proceedings to form positive voters and make sure that businesses pay their taxes. The second meaning refers to someone who prepares taxes on behalf of somebody else, providing skilled help for individuals and companies who cannot or don’t wish to organize their taxes on their own.

Taxation is a fancy topic, and in several nations, the government permits tax agents to organize taxes for a fee, typically handling the submission method in addition. In most places, tax agents are certified by the government agency which is answerable of taxation. This can be designed to forestall cases wherever individuals create as tax agents and either don’t prepare taxes properly as a result of they are doing not shrewdness, or use their access to private monetary data for dishonorable functions.

Individuals seeking a tax agent will proceed to check the person’s qualifications, as well as permission to apply from the government.

Certified public accountants, tax attorneys, and certain different types of professionals will act as tax agents. Several belong to skilled organizations with their own certification programs and will use terms like “tax practitioner” or “tax preparer.” In some cases, individuals are solely allowed to use knowledgeable title if they’re properly qualified, and folks will report dishonorable use of skilled credentials to the parent organization.

The agent can raise purchasers to assemble up all their monetary documentation, as well as records concerning financial gain and expenses. Several work with their purchasers to certain areas for saving on tax returns and can raise a series of inquiries to confirm if somebody qualifies for explicit tax credits, deductions, and different edges.

Particularly for people that don’t seem to be aware of jurisprudence, this will be a valuable service, as they will study varied savings obtainable, like deductions for tuition, sure housing expenses, and different matters, counting on the country and also the tax year.

Once the agent is certain he/she encompasses a complete image of the client’s finances, he/she will prepare a legal document, victimization this data. He/she confirms that the data is correct and calculates the whole liabilities and tax or refund due. Most can prepare federal and regional taxes simultaneously, duplicating the data onto each set of forms. Once the forms are all finished, the agent has the consumer sign them and submits, usually electronically for speed.

December 4, 2014

Comments Off on CEOs: Are You Sure You Know Your Financial Condition? Your Financial Statements Are Hiding Risk

CEOs: Are You Sure You Know Your Financial Condition? Your Financial Statements Are Hiding Risk

Companies that manage risk are safer and more secure, and their financial statements can be relied on. Companies that don’t manage risk are vulnerable and their financials are misleading.

You, as CEO, owe it to yourself to know if your financials are misleading. Your lenders will also be very interested, as well.

You’re showing assets on your balance sheet and the silent promise is that those assets will continue to be there even following a disaster. Also liabilities are shown and, subject to uncontrollable events, those liabilities should not dramatically, suddenly increase, or at least that is the wish of those reviewing your financial statements, and it is your wish as CEO as well. There is no assurance achieved by the audit process that either of these conditions are the case. In fact, companies that do not manage risk may look more profitable in the very short run, because they have reduced short run expenses by ignoring risk management.

Here’s a way to conceptually quantify what we’re talking about:

RISK CAPITAL

A firm needs capital to finance its daily operations — to cover payroll, rent, materials and all the other corporate activities. Call this Operational Capital. This is measured by traditional financial statements.

A firm also needs capital to finance risk — to pay for things that unexpectedly go wrong like fire, flood and lawsuits. This is called Risk Capital, and is not measured by traditional financial statements.

There are three sources of risk capital:

1. Cash that the firm has on hand. To be sufficient, it would have to be an awfully significant amount, and it would probably not survive because of competing demands for its use.

2. Off-balance sheet capital such as a credit line which would be tapped in the event of a loss which had to be financed. The loan would have to be paid back, however.

3. Insurance. With insurance the financial consequences of loss are transferred to an insurer in return for the premium.

Additionally, risk management is broader than just insurance. Losses can be prevented by safety or quality control efforts, and risk can be transferred to customers, business partners, subcontractors, etc. via contract. This reduces the need for risk capital.

The risks to which the firm are subject are potentially catastrophic. The entire facility could be destroyed, or the company could owe $50 million to a plaintiff at the whim of a jury. How is management of these risks reflected in financial statements? Not at all!

Financial statements do not consider the need for risk capital. A cursory look at an insurance schedule comprises the due diligence. Whether limits are adequate in relation to actual exposure and whether terms and conditions (the actual policy language — all 1000’s of pages) are adequate is a crap shoot. The other elements of a risk management program — the loss control and contractual transfer — would not be factored in at all either. Bottom line: risk is not even considered on a qualitative basis – not to mention quantitative.

When the convention of risk capital is not used to make comparisons between firms, they all look alike — the financials do not reflect the difference. As the saying goes: “All boats float alike when the weather is calm.” Risk always uses capital. If it is not funded it creates a deficit. Only after a disaster does the deficit finally surface – a metaphoric contrast to the company itself which is under water.

RISK ADJUSTED RETURN ON CAPITAL

Consider two companies that generate a 15% return on equity. One manages risk completely, while the other is subject to the mercy of the gods. Until something happens they appear to be equal according to the financial statements. Mysteriously, there is an abundance of notes to the financials, but nothing substantive on risk management or the lack thereof.

The true measure is return on “economic capital” the total of operational capital plus risk capital.

Firm activities will generate risk and a certain amount of capital is required to handle that risk. To the extent risk is prevented or transferred to other parties, less risk capital is required. If risk is financed via insurance, that is utilizing off-balance sheet capital and that reduces the need for on-balance sheet capital. (The premium is reflected as an expense on the income statement).

If both firms generate $.15 for every dollar of capital that is measured by the financials, then the return on equity is 15% (.15/1.00) for each. If Company A manages risk completely via loss control and insurance, then risk capital required is zero. The risk adjusted rate of return for Company A is truly 15%. Company B, though, doesn’t even attempt to manage risk. By default loss will have to be paid out of cash or loans. Assume risk capital of $.75 is required for every dollar of operational capital. The risk adjusted rate of return for Company B, then, is.15/(1+.75) = 8.5%.

So traditional financial statements show the two companies to have the same ROE. The risk adjusted financials, though, show the big difference between the two.

The SEC sporadically validates this concept by reacting to crises and advising public companies that they need to disclose how they are managing certain risks – terrorism and cyber risk being two recent examples. The SEC might not realize that just noticing and reacting to the risk of the event that just happened is not actual risk management. Two principles of risk management are that a) historic losses need a very long experience period to be valid predictors, the more severe and remote the loss, the longer it needs to be; and b) recency bias (the tendency to focus on what just happened) is a psychological phenomenon you should not be fooled by. But, again, we thank the SEC for illustrating financials are not complete without incorporating the risk component.

We are not necessarily advocating for a change in the way financial statements are produced – that is for the CPA world to decide. We are saying that the financials do not stand alone, and if your CFO is not reporting on risk management, you’re not getting the whole story.

Managing profits can’t be separated from managing “losses” – ( not losses in the accounting sense). Ignoring risk is to make profits and net worth dependent on luck. We know we can’t really rely on quarterly profits because numbers can be manipulated in such a short time frame. Even years of continuous profit and growth can be unreliable if risk is not managed. A truly robust firm is one that manages risk while at the same time producing the consistent financial numbers the CFO is so proud about.

CEO, don’t be lulled into complacency by misleading financials

© Licata Risk & Insurance Advisors, Inc., 2014

November 27, 2014

Comments Off on Easter Crucifixion Ritual Has Roots in Babylon and Sun Worship

Easter Crucifixion Ritual Has Roots in Babylon and Sun Worship

Those who favour the New Testament and have never looked properly into Old Testament prophecies are greatly misled. There are two Gods described in the bible. The first is the Spirit of the Universe and Creator of all things (Isaiah 45:4-8 OT) while the other is the Trinity God of the Indian Vedic that supports the Christ or mate to the Mother God of Babylon (NT). So which is right?

My knowledge into these things did not suddenly start but have been ongoing through previous lives. My reincarnation and passage into this life proves there are no such things as heaven or hell while devils, angels and saints are designed by religious leaders to mislead, confuse, manipulate and gather in the vulnerable to their congregations. The idea of an eternal life in the sky gathers them in while the threat of burning forevermore is the lock on the door keeping them there.

To begin with the dead have no living nerves and without them there is no feeling. It is only in a living body that one can feel so it is only through reincarnation that we can continue in life. The promise is that God’s people will inherit the earth, not heaven.

The idea of floating around in the cosmos forever is so appalling that to me that it would be hell. What would one do there? Paradise is painted as a place of castles, rivers, buildings, kings and angels and yet why don’t we see them. If they exist surely they would have been found by now, especially with all the space travel and so forth.

If something cannot be sensed by either touch, sight, smell, taste or feeling then it does not exist. In Isaiah 34:4 the Spirit stated that all of the host of heaven will fall down. In verse 8 we read that it will happen in the year of recompense for the controversy of Zion.

Jeremiah 25:31 promises that at the ends of the earth a noise shall come to deliver that controversy and God will plead with all flesh. It states that the wicked will be given to the sword. Among the many visions given to me the day was shown as a line stretched while and an enormously bright light, representing the Spirit, was at either end of it. In the middle it was shown as noon where it was almost dark.

There a man on a cross stood high above the crowd that were reaching up to him. Isaiah 59:10 states that they grope for the wall at noonday as in the night for they are desolate as dead men. That is when Jesus Christ appeared for the day is 4,000 years long. It brought extreme darkness and the controversy that God has with the nations and that they have with Mt. Zion.

The Internet was given to enable these promises to be kept. Through it everyone everywhere have access to the knowledge that is going forth to declare that all religions have their roots in Babylon, the Islamic city of the Amors. They moved west and built other cities one of which is Mari (Mary) named after the sun-star they observed through the Ziggurats. Their next city was Roma (reverse Amor) and they never gave up on their religion or gods. There they became the Romans

The sun-star is formed when light passes through an aperture and divides into the beautiful colors of the rainbow. It is so attractive that men devised a way to marry her by dying on the cross before sunrise. That was called ‘noon’ before Constantine changed it to midday. He was an Amorite heavily involved with the sun-worshiping Islamic religion of Babylon.

He established the Catholic Church based on its principles. He invented Jesus Christ according to Revelation 13:13-18 and he forced everyone to worship the image or be killed. He built the first Vatican and Christian churches and his religion was the first in the line of Christian faiths spawned of it. Later Jerome compiled the New Testament to give the organisation a text to work by.

There is every chance that he wrote Matthew which repeats the story of Krishna (Chrishna) as that of Christ. It also contains church laws which he took from the Imperial Islamic religion along with the festivals, order of mass, calendar, costumes, instruments and laws. There is also a chance that his cohort, Augustine Bea, was the author of Luke.

The Vatican appointed the latter to create another religion to credit that of Constantine’s. Recently published on the Internet is a report that a priest working in the Vatican library came across evidence to this effect. It appears from that statement that Bea located a man named Mohammed and established the Muslim branch of Islam. He may then have compiled the Koran while kings and leaders were encouraged to accept the new prophet and to promote him as such.

With Easter celebrations just a few days away it is important for people to reflect on just who and what they are worshiping.