Comments - Draft ZetaTalk Newsletter as of November 26, 2015 - Earth Changes and the Pole Shift2024-03-28T11:53:54Zhttps://poleshift.ning.com/profiles/comment/feed?attachedTo=3863141%3ABlogPost%3A1009555&xn_auth=noA step towards "Barter Econom…tag:poleshift.ning.com,2016-02-05:3863141:Comment:10119052016-02-05T06:18:49.650ZScotthttps://poleshift.ning.com/profile/Scott
<p>A step towards "Barter Economy" described above.</p>
<p><strong>Cheesed-off Italians swap bank bonds for Parmesan</strong> (2/4/16)</p>
<div class="article__summary summary"><p><strong>A dairy cooperative in Italy has raised €6 million after selling bonds guaranteed by huge wheels of Parmesan cheese.</strong></p>
<p>“We already have some loans but, after a certain point, the banks don't want to give you any more," Andrea Setti, the financial controller of the 4 Madonne cooperative told…</p>
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<p>A step towards "Barter Economy" described above.</p>
<p><strong>Cheesed-off Italians swap bank bonds for Parmesan</strong> (2/4/16)</p>
<div class="article__summary summary"><p><strong>A dairy cooperative in Italy has raised €6 million after selling bonds guaranteed by huge wheels of Parmesan cheese.</strong></p>
<p>“We already have some loans but, after a certain point, the banks don't want to give you any more," Andrea Setti, the financial controller of the 4 Madonne cooperative told AFP.</p>
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<div class="article__text text"><p>The bonds will pay a fixed yield of five percent until they mature in January 2022. The money raised in the bond issue will help the company improve its facilities and promote the thick-rind cheese it makes, said the cooperative’s chairman.</p>
<p>4 Madonne is based near Modena in northern Italy. Around 40 dairy farmers supply milk to the company which produces the famous cheese.</p>
<p>The company’s business was booming in recent years, production rose to 75,000 wheels a year while turnover hit €24 million in 2014.</p>
<p>However, when the cheese maker decided to boost its presence in the US market and applied to banks for a loan, it got no answer.</p>
<p>Over 95 percent of companies in Italy have no more than 10 employees and traditionally rely on bank lending for financing. <strong>Banks which are still recovering from the 2007-2008 financial crisis are unwilling to provide loans.</strong></p>
<p>Italian Prime Minister Matteo Renzi's government is trying to encourage firms to raise money elsewhere. In this case, <strong>the government backed mini-bonds scheme has investors providing funding for six years in return for a five percent yield backed by cheese assets valued at a 120 percent of the bonds' value.</strong></p>
<p><strong>Several banks already hold hundreds of thousands of parmesan wheels as guarantees of loans to local producers.</strong></p>
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<p><a href="https://www.rt.com/business/331290-parmesan-italy-bank-bonds/" target="_blank">https://www.rt.com/business/331290-parmesan-italy-bank-bonds/</a></p> thank you the zetas, a though…tag:poleshift.ning.com,2015-11-26:3863141:Comment:10096512015-11-26T19:52:31.916Zpasquale pugliesehttps://poleshift.ning.com/profile/pasqualepugliese
<p>thank you the zetas, a thought in Nancy Lieder, and all for a better life</p>
<p>thank you the zetas, a thought in Nancy Lieder, and all for a better life</p>