Posts Tagged ‘Investing’

Pope Ropes a Dope, Does Boffo Box Tax Free

April 17, 2008

The pope is in North America on his latest concert tour.  This is one tour I won’t complain about not coming to Vancouver, as it covers the U.S. only.  The easily impressed flock to see him so that they may feel graced by his presence.  They buy up all the souvenirs and concert T-shirts and hold up their lighters shouting, “Yaaaaahhhh!”

Seriously, this is big business.  A papal tour is worth hundreds of millions.  I mean, $695 for a porcelain statue of the guy?  The mark up on these mass produced mementos is – dare I say it – a sin.  Well, it would be if there was a god for it to qualify as a crime against, but, you get the idea.  The pope has criticized Canada in the recent past for not doing enough to narrow the gap between rich and poor.  Then the church gouges its own followers like this?  Talk about excessive profits.  Is a ‘toy pope with your Happy Meal’ McDonald’s deal next?

Ever since they were introduced by his predecessor, papal tours have been a nice little earner for the Catholic church.  Souvenirs of all kinds have been sold at extortionate prices to the suckers – I mean, faithful.  Remember the famous John Paul II pope-on-a-rope soap?  I wonder if it washed away sins.  His tours turned him into a larger than life personality – rivaling Jesus, himself – that the church capitalized on.  Well, who could blame them?  There was a lot of money to be made.

But, what about all that money?  Couldn’t all those good Catholics have used it to feed hungry people instead of the church and their own pride?  Let’s face it, those souvenirs will be shown off as proof that they’ve seen the pope.  Bragging rights will be theirs.  Bragging will ensue.  Some might say the profits are used to feed the hungry.  Are they?  I’m not so certain of that.  The Catholic church is a large organisation with broad financial interests.  They invest on the stock market and are probably one of the great institutional investors of the world.  At one point, I believe,  they were the largest – possibly the majority – shareholder of Coca Cola.  That’s pretty big.

They know how to market the pope like a rock star.  Pretty savvy.  They know how to exploit their star to turn a healthy profit.  That’s entertainment.  They know how to invest and manage huge sums of money.  That’s rich.  And, they don’t pay a penny in taxes.  That’s really rich.  Even Hollywood couldn’t hide profits that well.

I’ve written before about how the church doesn’t use nearly all the money it takes in for charity.  In fact, the crumbs they give out to the truly needy along with their prayers are probably nothing compared to what they have available to them.  This is a very large corporation with vast assets that generates huge revenues and profits, but doesn’t pay tax.  It’s time that came to an end.

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Recent Carnivals

April 7, 2008

In addition to the European Travel Blog Carnival mentioned in my previous post, I’ve also recently had posts included in several other carnivals, including:

The Carnival of Ethics, Values, and Personal Finance

The Carnival of Observations on Life

The Carnival of Consumer Focused Real Estate

The Carnival of the Godless #87

The Carnival of Fraud

 Check them out.

Vancouver’s Other Dirty Little Secret

March 7, 2008

I’ve been looking for another revenue stream to supplement my self employment.  There just isn’t enough coming in yet, so I need a daytime job.  I’ve been trying to focus on established companies and the ones whose websites and job ads state that they are one of the fifty best companies to work for in Canada or BC.  Money, benefits, work conditions.

Unfortunately, I haven’t had a lot of luck with these organizations.  I don’t know what they’re looking for, but it doesn’t seem to be me.  My resume usually provokes a phone call and an interview.  But when I send it to one of these companies, nothing.  This is despite the fact that I easily meet the criteria.  You’d think large, established companies, some with international operations, would most value something like international sales experience involving talking to senior executives of multinationals.  Nope.  I guess it’s not useful here because, for all its apparent world class reputation and its multicultural population, Vancouver is rather parochial.  It is a branch office market, not a head office location.  Talking to the CEO isn’t something that people relate to or need.

There are some employers who would value it, though.  They could use someone who isn’t afraid to talk to a high net worth individual and ask for the money.  They aren’t well known companies and they’re not on the list of the fifty best companies to work for in Canada, BC, or anywhere.  They are Vancouver’s other dirty little secret, along with the downtown east side.

When most people think of Vancouver, they think of a beautiful city by the ocean set against a backdrop of mountains.  As they say in the real estate world – location, location, location.  No wonder I can’t afford real estate.  I’m not likely to either, unless I can find a legitimate way to make some decent money.  I say legitimate because what most people don’t know is that beautiful Vancouver is a centre for fraud.

Many of the telesales jobs here are actually fraud related, one way or another.  They sell lottery tickets, vacations, medications, or investments.  They focus on high net worth individuals or pensioners, usually in the U.S.  That’s not unusual.  Telesales fraud is usually done across borders to get around the law, no matter where in the world it happens.

These operations aren’t too difficult to spot, once you get a look at them.  I went to an interview years ago and checked out a company.  The only piece of office equipment in the phone room, other than the very basic phones, was a paper shredder at one end of the room.  There were no computers.  The staff had printed lists of leads in front of them on their cheap, table style desks.  The whole thing had an air of impermanence.

Recently, I saw an ad that seemed too good to be true.  Sixteen dollars an hour plus commission.  There was no company name, but there was a number to call.  I did some high tech sleuthing and searched the number on the web.  A number of articles came up.  One headline link was about a stock worth $0.001.  When I clicked on it, I found the page no longer existed.  Hmmm…

Another headline took me to a company website.  The phone number matched.  Apparently, they have an incredible new technology that will drastically reduce carbon emissions from cars.  Well, it is incredible that no one has heard of it yet, considering the fact that greenhouse gas emissions and global warming are in the news daily.  You’d think the news networks would be tripping over each other to do a story on it.  The section that explains how it all works was a pretty slick presentation accompanied by techno music (coz it’s the technology, get it?) that made no sense to me.

The most striking thing about this company, though, was it’s name.  Their product was an environmental solution for automobiles, but the name had no indication of environmental or automotive industry affiliation.  It included the word ‘capital’, however.  They’re in the capital raising business.

Remember that headline about shares worth $0.001?  They’re stock pumpers, something Vancouver has gained a bad reputation for.  Sixteen bucks an hour plus commission is pretty good, by local standards, but I don’t want to participate in fraud to make a living.

I’m So Excited… By Statistics

January 6, 2008

Have you seen the chart?  It’s a hell of a start!  This could be made into a monster if we all pull together as a team!

Apologies to Pink Floyd for borrowing their lyrics but they happen to fit.  Just three days and three posts into this project and I’ve already had eight readers.  Actual readers!  Registered eyeballs.  I’M AN AUTHOR!  And the graph!  A beautiful upward curve.  If I was an investment advisor I’d rate me a solid ‘Buy’.  I may not be riding the gravy train yet, folks, but get your shares in this now while you can.  This is a ground floor opportunity not to be missed.  At no point will the growth curve be longer.

I haven’t even tried to link to any other sites or resources, yet.  I’ll have to look into that to see if I can really get things going.  But people are finding me, anyway.  If the ‘spam’-marked comment can be believed, someone has even bookmarked me.  That means they intend to come back and read me again.  A fan!  A devoted follower!  A repeat customer!  Someone likes what I have to say and how I say it.  I matter.

One of the great things about blogs is the insight they offer into the minds of others.  From a safe distance we can offer up and observe views and opinions that would otherwise be difficult to share in most face to face situations.  You can’t tell people what you really think at work because it wouldn’t contribute to a constructive and efficient environment.  You can’t do it while socialising without running the risk of offending someone or being asked to lighten up.  And, if your family is anything like mine, you can’t even talk openly with them without an argument erupting.  How five siblings could all be so different is a mystery to me.  It’s like we all grew up in different houses.  If your family isn’t like mine, consider yourself lucky and know that at least one person envies you.

 In order to function, we have to live in a neutral world.  Bland.  Beige.  But a functional life is not enough.  There is ‘I am’.  Then there is ‘I am someone’.  By spewing words onto the screen and a file stored on some server somewhere, some unseen, insignificant nobody becomes somebody again.