business law Tag's Archives
It is a term that is used for insurance policies that will safeguard against you losing your income. Different policies can be taken out for different situations and you have to ensure that you choose the right type for your needs.
All policies would pay a fixed amount that was determined at the outset when you took out the policy after a period of waiting. They would cover against the fact that you might suffer illness for a period of time or you might not be able to work after being involved in any accident. The policy can also protect against the fact that you might be made redundant and have to find a new position.
business law, business safeguard, business term, debt management company, Debt Payment Protection, global economy crisis, insurance company, insurance policy, loan payment protection policy, mortgage loan, mortgage repayments, Protection Insurance
TRUE STORY .. Mr. Donald J. Trump remain as chairman and CEO of Trump Organization and continue to collect a $2 million dollar paycheck. So…how does a CEO decide to file for bankruptcy twice and still come out at the top of the heap?
No Personal Involvement
First, Trump doesn’t get personally involved. He knows how to protect his personal finances. In both instances, Trump’s corporations have filed for bankruptcy; but not personally. Therefore, when his casino fell into about a billion dollars in debt. Trump only made the decision to do so once he had spoken to his banks and bondholders.
Backup Funds, bankruptcy, bondholders, Business Capital, business law, Business Management, Business Opportunity, Business Sense, corporate debt, Corporate Funds, Donald Trump, Financial Improvement, financial problem, personal finance, Trump Organization, Work Smart
Another “Pay-As-You-Go” concept. Such a system does not create savings, which means when inflation and or interest rates are above zero, money is essentially lost. With our demographic upheaval of worker to retiree ratios, it became a Ponzi Scheme. Someone is left holding the bag when the cash runs out; as things stand, that means everyone under 50.
When Social Security starts paying out more than it takes in, whether it be 2012, 2015, or a few years later, the system will be running a deficit in real terms because the trust is virtual. If you put $10,000 in the bank, take it all out for some home repair and maybe a few weekends in Vegas, that money is gone, IOU or no. If you write an IOU to yourself to replace that ten-grand, and you stick to your word, you still have to come up with the money somewhere…that original 10k, again, is already gone. The Social Security Ponzi Scheme thus was a not-so-elaborate method of shoveling trillions of dollars into the mouths of politicians and out onto their pet projects…original intention aside.
alternative investment, business agreement, business law, Business Management, business term, conman business, Economy Inflation, government action, illegal business, Inflation risk, interest rate, investment term, payroll tax, Ponzi Scheme, public pensions system, Social Security
