The man who earned 3.7 billion Dollar with the subprime crisis April 27, 2008
Posted by Sören Zschoche in : Uncategorized , comments closedJust like the Chinese philosophy jing jang tells us that every medal has two sides also the subprime crisis didn´t just produce losers. But as you can imagine when so many people nearly loose 1 Trillion USD the winner on the other side must make a real big fortune and that´s exactly what John Paulson a 52 year old hedge fond manager from Manhattan did. He earned 3,7 Billion USD which could be the highest annual profit of the history of mankind.
But who is John Paulson and how could he earn such a big amount of money in such a short period of time?
John Paulson´s story began in New New York where he was born and studied later he even went to Harvard. How to deal with money he propably learned when he worked for the fabulous financial genius Leon Levy, he also worked for Bear Stearns and the financial investor Gruss Partners. Then in 1994 John Paulson founded his own company and issued some Hedge funds. After loosing very much money by betting that the corporate bonds would fall in 2005 he started to search for new financial bubbles and finally discovered the beautiful world of the “Subprime Mortgages”. But the question was how to make money with this bubble? So John Paulson developed a complex but in the root idea still very easy speculation strategy. His plan was to collect as many “Credit default swaps” as he could get, “credit default swaps” are something like issues which hedge you of financial losses of credits. So in good times this “Swaps” cost less but in bad times when the credit risk soars there “swaps” rise in value enormously. Well since 2005 John Paulson didn´t do something else than collecting “Credit default swaps” and in the beginning he even made red ink with that strategy. But when Amriquest one of the biggest providers of suprime-credits a fine of 325 Million USD in order to avoid a process for deceptive practices John recognised how phony the market was and issued a fund just to bet against the housing market. It was 2006 and his fund against the housing market didn´t worked well not before the and of 2006 when more and more people got nervous hsi fund closed with a plus of 20 %. Now John Paulson got really amped up about profiting from this bubble and issued a second fund witch also bet against the housing market. And the rest is history the housing bubble burst and John´s on December 31th 2007 John´s first fund closed with 590 % and his second one with 350 %.
However the question how much money he really made can be answered exactly cause Mr. Paulson is very discrete.There are no official affirmations for the definitive altitude but experts assume that the earnings amounts to 3,7 Billion USD. The Magazine Monthly Trader even wrote that this could be the highest annual profit of the history of mankind and placed him on the first place of a list of the TOP 100 fund managers.
John Paulson now lives with his wife and his two daughters in a 2600 aces big city house on the Upper-East-Side, New York. Apropos he bought this house in a forced sale…
The 5 richest criminals of all time April 18, 2008
Posted by Sören Zschoche in : Uncategorized , comments closedIt´s not a big secret you can get rich as a criminal very rich,but if you believe Al Capone was the richest and greatest gangster who ever stepped on our planet you´re at fault. He was not even one of the first 5 richest criminals.
1. Pablo Emilio Escobar 1949-1993 9 Billion USD
Pablo Escobar was definitely the greatest and richest criminal the world has
ever seen. In 1989 Forbes listed him as the seventh richest man in the world with an estimated net value of 9 Billion USD. Escobar was born in Columbia where from he estimated a drug cartel of incredible proportions. He had submarines, planes, and employed nearly every inhabitant of his hometown Medellin. On top of his career he even tried to become the president of Columbia, raged a court with tanks and build his own personal jail. All the same Palbo Escobar was shot in 1993 by an American special force.
2. Carlos Lehder 1950-? 2.7 Billion USD
According to my investigations the second place goes to Carlos Lehder. He worked together with Pablo Escobar and was one of the co-founders of the Medellin Cartel. His estimated net value was taxed on 2.7 Billion USD.
3. Susumu Ishii 1924-1991 1.5 Billion USD
Susumu Ishii was born in Tokyo in 1924. one of the heads of the Ingawa-Kai , Japan´s second largest “yakuza” underworld syndicate. Also he was the 5th soho of the Yokosusa-ikka. His estimated net value amounted to 1.5 Billion USD, which he earned through various loans, banking deals, and real estate scams. But as the Japanese economic bubble burst, Ishii was no longer “the world’s richest gangster”. His assets a his health declined rapidly, and diet one year later.
4.Anthony Salerno 1911-1992 600 Million USD
Anthony “Fat Tony” Salerno was a member of the American Cosa Nostra and the front boss of the Genovese crime family. He was born and raised in East Harlem, New York where he worked one´s way up to the top of New York’s mafia as a basher and shylock. In 1986 he was sentenced to 100 years prison by the “Mafia Commission Trial” where he died in 1992.
5.Meyer Lansky 1902-1993 400 Million USD
Meyer Lansky was born in Grodno Russia and emigrated with is family to the U.S.A in 1911, where he settled down on the East Side of Manhattan. At the age of 25 he established gambling operations in Florida and Cuba. Later he realised own vulnerability to tax evasion prosecution, in response he transferred illegal funds from his growing casino empire to Europe. A few years later he even bought a complete offshore bank in Switzerland.
The only problem by getting rich as criminal is that you probably won´t life very long so don´t get into mischiefs … 
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Credit card offers can be a confusing subject to comprehend. There are many cash back credit cards out there, and even more prepaid credit cards. For more info about credit cards, the internet can be an amazing source.
The World’s Biggest Companies April 16, 2008
Posted by Michael Szumielewski in : Uncategorized , comments closedDo you know what are the biggest companies on earth? Well, Forbes.com once again made a huge list of the The Global 2000 from 60 countries. The composite ranking is simply based on sales, profits, assets and market value. This is important because one metric alone can give a false impression about corporate size.
In total, the global 2000 companies now account for $30 trillion in revenues, $2.4 trillion in profits, $119 trillion in assets and $39 trillion in market value. Around the world, 72 million people work for these companies.
So, here are the top 10 companies from The Global 2000 list by Forbes.com
| Rank | Company | Country | Industry | Sales ($bil) | Profits ($bil) | Assets ($bil) | Market Value ($bil) |
| 1 | HSBC Holdings | United Kingdom | Banking | 146.50 | 19.13 | 2,348.98 | 180.81 |
| 2 | General Electric | United States | Conglomerates | 172.74 | 22.21 | 795.34 | 330.93 |
| 3 | Bank of America | United States | Banking | 119.19 | 14.98 | 1,715.75 | 176.53 |
| 4 | JPMorgan Chase | United States | Banking | 116.35 | 15.37 | 1,562.15 | 136.88 |
| 5 | ExxonMobil | United States | Oil & Gas Operations | 358.60 | 40.61 | 242.08 | 465.51 |
| 6 | Royal Dutch Shell | Netherlands | Oil & Gas Operations | 355.78 | 31.33 | 266.22 | 221.09 |
| 7 | BP | United Kingdom | Oil & Gas Operations | 281.03 | 20.60 | 236.08 | 204.94 |
| 8 | Toyota Motor | Japan | Consumer Durables | 203.80 | 13.99 | 276.38 | 175.08 |
| 9 | ING Group | Netherlands | Insurance | 197.93 | 12.65 | 1,932.15 | 75.78 |
| 10 | Berkshire Hathaway | United States | Diversified Financials | 118.25 | 13.21 | 273.16 | 216.65 |
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If you find yourself in need of payday loans, check out the net for great resources on all the places you can turn to. Before you choose a loan, make sure to check the stipulations of the contract before you choose a lender.
Know the difference between an Asset and a Liability. April 9, 2008
Posted by Sören Zschoche in : Uncategorized , comments closed
Many people say their house is the greatest asset they got and also their largest investment. In the most cases their car is the second greatest asset they got and they are really proud of it. But are these thing really assets? Unfortunately I have to say the in most cases they aren´t they are liabilities and the reason for that fact is that they absorb your money like a sponge. For example a car has many extra costs gas, taxes, repairs and so on, also a house needs very much money for energy, repairs to say nothing of the price you have to pay to buy it. So when you want to become rich it´s very important to know the difference between an asset and a liability.
Asset = Money into your pocket
An asset puts money into your pocket, an asset should generate income on a regular basis. The traditional definition of an asset is anything that you own is worth something-that could be “turned into money” if you needed it to be. Look around your room. Is there anything that might be worth something? You probably have more than you think… a computer, a TV, a cell phone? Skis? Your assets also technically include the balance in any bank accounts in your name, or the current value stocks bonds that you have your wallet.
But here´s the catch: While might consider everything of value in your room an “asset” (because you could sell it for decent money on eBay), it´s not really an asset until it is sold. Why? Because it´s not putting any money into your pocket until then. (And then, it´s not longer an asset because it not longer belongs to you!) Same thing goes for cash in your wallet, your cash is not secretly reproducing itself, putting more money into your pocket. But there are places other than your wallet where cash “reproduces itself”- when it´s invested in assets that give you a passive portfolio income. Anything you own that produced passive portfolio income is an asset.
Liabilities = Money out of your pocket
Liabilities are the opposite of assets. Liabilities take money out of your pocket. In fact, a lot of things mentioned above- the TV or computer in your room that that might traditionally be considered “assets”-are actually liabilities right now, because it took money out of your pocket just to get them. And many of them, when converted to cash, would give you back less money than you would pay for them. So just if the value of your house or your car grows more than you pay for it you can call it an asset.
Source: Rich Dad Poor Dad for Teens
How to Live Rent-Free April 9, 2008
Posted by jshum in : Rent, realestate , add a comment
Learn how to keep that money in your pocket
and also how to get FREE REAL ESTATE, houses, apartments and raw land using little-known methods, insider secrets, corporate sponsors and special laws that allow _anyone_ to use the governments help to acquire abandoned or mismanaged property with NO MONEY. (I didn’t say “no money down” I said… NO MONEY …FREE!) Check it out!
Don’t even think about getting a First or Second Mortgage until you read this! April 9, 2008
Posted by jshum in : Lending, Mortgage , add a comment
If you want a mortgage with the lowest rate… for the lowest points and fees… here’s exactly how you do it! If you want to avoid the schemes and tricks mortgage brokers use to “gouge” you for extra fees and “points”, avoid the common mortgage shopping blunders people make everyday that cripple them financially over 15… 20… even 30 years, or if you just want manage your mortgage to build financial security rather than sell yourself into financial “slavery” for 30 years- then this might be the most important letter you ever read. See for youself!
Discover What Real Estate Deal Makers Know April 9, 2008
Posted by jshum in : Websites , add a comment
Have you ever wondered what some of the secret ways master real estate deal makers use in structuring real estate deals? Well, you are about to discover what is in that gap between you and what master real estate deal makers know!
Their knowledge that comes from experience is a KEY difference! …And their secret financing strategies are about to be disclosed to you right here…
Pay Your Mortgage Off In 10 Years Or Less April 9, 2008
Posted by jshum in : Lending, Mortgage , add a comment
Learn How To Quickly Build At Least $40,000 Worth Of Home Equity And Pay Your Mortgage Off In 10 Years Or Less Without Making Biweekly Mortgage Payments- Or Changing Your Current Mortgage.
After 4 years of research, some clever individual has developed a simple mortgage reduction program that will quickly build your home equity and pay your mortgage off faster than any other mortgage reduction strategy available…without changing your current mortgage and without the use of a biweekly mortgage plan.
You’re probably thinking it sounds too good to be true…And I completely understand your skepticism. But please allow me to further explain how your mortgage can be reduced through Mortgage Cycling:
Burn Water Instead of Gas in Your Car April 6, 2008
Posted by jshum in : Cars , add a comment
Convert Your Car/Truck to BURN WATER as well as Gasoline–Double Your Mileage!
Did you know that you can convert your car or truck to a water-burning vehicle (Water Hybrid)?
is a Do-It-Yourself, affordable and SIMPLE technology.
Water is supplemental to gasoline or diesel fuel - I have doubled fuel economy (61 MPG) in my Toyota Corolla 1999 shown above, and many more have doubled or even tripled their mileage. Too good to be true? Read on…
is SIMPLE to install/remove: the solution you’ve been looking for!
Boost performance while preventing smog.
You’ll discover how to generate free energy in your car or truck.
Here you will find testimonials of many happy customers.
You will find out how it works and get your questions answered
Secret Stock Tips to Make You Rich!! April 6, 2008
Posted by jshum in : Stocks, Websites , add a commentThe newest and easiest way to secretly find hidden secrets in the stock market is through a special systems that incredibly smart programmers have designed to help you find stocks that double. Yes, DOUBLE! You may think you need a lot of money… but you don’t. If all you have is $100 and all you want is another $100 in your pocket, then look no further than this new stock software that helps you earn money from home.
The new Stock Doubling System is a great way to learn the ropes without years of experience.
