Posted on: 25th Mar, 2010 07:12 am
We're looking for funding for a resort property and was recommented someone who told us about a program that I will copy below.
"As I mentioned to you, the funding is part of a program put together by the U.S. Treasurey Dept working with Business Cannons and the law firm that represents Business Cannons. The funds are from the Federal Reserve and the Central Banks and are currently in with J.P Morgan.
Here are the details:
BUSINESS CANNONS PROGRAM
The Business Cannon Program has the dual objectives of adding capital to the banking system and promoting economic development. It is effectively a Private Stimulus Program which uses a technique developed with the assistance of the U.S. Treasury Department. The Fed has reviewed the procedure and has found no problem with it. The technique employed is a combination of Non-Depletion Commercial transactions and so-called “Private Transactionsâ€. The very substantial profits generated from these activities is divided equally 1) to increase capital in the participating banks and 2) to the law firm which uses the bulk of its profits to fund private commercial projects which contribute to economic development and employment growth. A very significant capital base is available from private sources to support Business Cannons and the law firm which enables the the program to be launched. The ensuing Loan/CD Purchase process generates the very significant funds to contribute several times the value of the project in the form of earned income or capital to the banks’ capital base. The subsequent Non-Depletion Buy/Sell Commercial transactions offer an additional vehicle to contribute very substantial income to the bank which is shared with the law firm. Because these transactions are “non-depletion†in nature, there is no risk either to the participating banks or to the law firm. Of critical importance to the banks in that this “stimulus†does NOT have to be repaid. It represents a permanent increase to the bank’s capital. Further, the Projects themselves are fully financed to include the cost of the project plus payment of all principal and interest on the credit which is extended over a 10-year term.
Summary of BUSINESS CANNONS NEW PROTOCOL
In response to the financial problems of many banks and the resulting negative impact on economic activity from reduced business loan volume, the highest levels of the Federal and International financial community have developed a unique private stimulus system. This system is designed to build capital and increase profits for any participating bank while also facilitating the funding of business and humanitarian projects. All this is accomplished without any appreciable risk of loss to the bank and has been incorporated in the BUSINESS CANNONS NEW PROTOCOL.
Normal bank activities involve borrowing money short and lending long, and making loans that may or may not be repaid. Both require substantial risk for the bank, as evidenced by the recent number of bank failures. In contrast, the NEW PROTOCOL will convert, through a series of financial transactions, funds borrowed from the Federal Reserve or a Central Bank into earned income capital in the form of a ten year Certificate of Deposit issued and owned by the borrowing bank. During this brief process all transactions are 100% cash collateralized, supplemented by a promissory note backed by Treasury Securities. No appreciable risk is involved.
Creation of this unencumbered capital enables the bank to participate in a Service Agreement partnership with the Nelson Law Firm representing BUSINESS CANNONS. This partnership uses the bank CD as risk free evidence of financial capability to engage in Non-Depletion Buy/Sell Commerce involving various commodities and financial instruments. Each transaction has an established buy price and sell price so there is a known profit margin in advance with virtually no risk of loss. The volume of available transactions is very great.
Profits from this commerce for the ten year life of the CD are shared equally between the bank and the Nelson Law Firm for BUSINESS CANNONS. The bank’s profits will initially amortize any funds borrowed for the capital accumulation and then simply increase the profit of the bank. Nelson Law Firm’s profits will initially fund the business project(s) and cover administrative expenses, after which it will fund other worthy goals.
In summary, the NEW PROTOCOL will stimulate economic activity by funding business projects. It will increase bank capital and profits with no appreciable risk. Since projects are funded by BUSINESS CANNONS rather than the bank making a loan, this Protocol eliminates the risk necessary for standard bank activities. Compared to traditional bank practices, this lack of risk makes the NEW PROTOCOL a far more conservative practice. It is the NEW PARADIGM for banking.
SUMMARY OF CAPITALIZATION PROGRAM
1. People who have projects find a bank willing to lend funds for the project.
2. Business Cannons, represented by the Nelson Law Firm, provides the bank a process that will generate capital that will enable the bank to participate in Non-Depletion (Safe) Commerce.
3. Profits from the Commerce will be shared equally between the bank and Nelson.
4. Bank profits will amortize the cost of the added capital and then be all profit. Nelson profits will fund the project and then fund other Purchase Orders
5. Added capital for the bank starts with Nelson making a deposit in the bank of $10,000 or its peso equivalent, or more on behalf of the borrower. The depositor can be the borrower or someone on his behalf.
6. The deposit is collateral for a $10,000 loan to Nelson, who uses the funds to purchase a 10 year CD from the bank, which is then assigned to the bank as advance payment for the Service Contract between the bank and Nelson.
.7. The bank now has $20,000 collateral to make a $20,000 loan, CD is purchased and assigned. The process is continued until the desired level of CDs is reached. The bank now owns CDs which are earned income or capital to the bank.
8. This accumulation takes only one day and is supported by additional collateral of US Treasury Notes equal to 240% of the added capital amount. Adding $100MM capital would have $240MM of treasuries.
9. The added capital is now an unencumbered asset which serves as evidence of financial capability for the bank to participate in the Non-Depletion Commerce. Participation does not require cash, only evidence of financial capability.
10. Terms of the bank’s participation are detailed in the Service Contract with Nelson.
11. Since the CDs are ten year instruments, the bank can participate in the Commerce for ten years if it desires."
Thank you for any assistance!
"As I mentioned to you, the funding is part of a program put together by the U.S. Treasurey Dept working with Business Cannons and the law firm that represents Business Cannons. The funds are from the Federal Reserve and the Central Banks and are currently in with J.P Morgan.
Here are the details:
BUSINESS CANNONS PROGRAM
The Business Cannon Program has the dual objectives of adding capital to the banking system and promoting economic development. It is effectively a Private Stimulus Program which uses a technique developed with the assistance of the U.S. Treasury Department. The Fed has reviewed the procedure and has found no problem with it. The technique employed is a combination of Non-Depletion Commercial transactions and so-called “Private Transactionsâ€. The very substantial profits generated from these activities is divided equally 1) to increase capital in the participating banks and 2) to the law firm which uses the bulk of its profits to fund private commercial projects which contribute to economic development and employment growth. A very significant capital base is available from private sources to support Business Cannons and the law firm which enables the the program to be launched. The ensuing Loan/CD Purchase process generates the very significant funds to contribute several times the value of the project in the form of earned income or capital to the banks’ capital base. The subsequent Non-Depletion Buy/Sell Commercial transactions offer an additional vehicle to contribute very substantial income to the bank which is shared with the law firm. Because these transactions are “non-depletion†in nature, there is no risk either to the participating banks or to the law firm. Of critical importance to the banks in that this “stimulus†does NOT have to be repaid. It represents a permanent increase to the bank’s capital. Further, the Projects themselves are fully financed to include the cost of the project plus payment of all principal and interest on the credit which is extended over a 10-year term.
Summary of BUSINESS CANNONS NEW PROTOCOL
In response to the financial problems of many banks and the resulting negative impact on economic activity from reduced business loan volume, the highest levels of the Federal and International financial community have developed a unique private stimulus system. This system is designed to build capital and increase profits for any participating bank while also facilitating the funding of business and humanitarian projects. All this is accomplished without any appreciable risk of loss to the bank and has been incorporated in the BUSINESS CANNONS NEW PROTOCOL.
Normal bank activities involve borrowing money short and lending long, and making loans that may or may not be repaid. Both require substantial risk for the bank, as evidenced by the recent number of bank failures. In contrast, the NEW PROTOCOL will convert, through a series of financial transactions, funds borrowed from the Federal Reserve or a Central Bank into earned income capital in the form of a ten year Certificate of Deposit issued and owned by the borrowing bank. During this brief process all transactions are 100% cash collateralized, supplemented by a promissory note backed by Treasury Securities. No appreciable risk is involved.
Creation of this unencumbered capital enables the bank to participate in a Service Agreement partnership with the Nelson Law Firm representing BUSINESS CANNONS. This partnership uses the bank CD as risk free evidence of financial capability to engage in Non-Depletion Buy/Sell Commerce involving various commodities and financial instruments. Each transaction has an established buy price and sell price so there is a known profit margin in advance with virtually no risk of loss. The volume of available transactions is very great.
Profits from this commerce for the ten year life of the CD are shared equally between the bank and the Nelson Law Firm for BUSINESS CANNONS. The bank’s profits will initially amortize any funds borrowed for the capital accumulation and then simply increase the profit of the bank. Nelson Law Firm’s profits will initially fund the business project(s) and cover administrative expenses, after which it will fund other worthy goals.
In summary, the NEW PROTOCOL will stimulate economic activity by funding business projects. It will increase bank capital and profits with no appreciable risk. Since projects are funded by BUSINESS CANNONS rather than the bank making a loan, this Protocol eliminates the risk necessary for standard bank activities. Compared to traditional bank practices, this lack of risk makes the NEW PROTOCOL a far more conservative practice. It is the NEW PARADIGM for banking.
SUMMARY OF CAPITALIZATION PROGRAM
1. People who have projects find a bank willing to lend funds for the project.
2. Business Cannons, represented by the Nelson Law Firm, provides the bank a process that will generate capital that will enable the bank to participate in Non-Depletion (Safe) Commerce.
3. Profits from the Commerce will be shared equally between the bank and Nelson.
4. Bank profits will amortize the cost of the added capital and then be all profit. Nelson profits will fund the project and then fund other Purchase Orders
5. Added capital for the bank starts with Nelson making a deposit in the bank of $10,000 or its peso equivalent, or more on behalf of the borrower. The depositor can be the borrower or someone on his behalf.
6. The deposit is collateral for a $10,000 loan to Nelson, who uses the funds to purchase a 10 year CD from the bank, which is then assigned to the bank as advance payment for the Service Contract between the bank and Nelson.
.7. The bank now has $20,000 collateral to make a $20,000 loan, CD is purchased and assigned. The process is continued until the desired level of CDs is reached. The bank now owns CDs which are earned income or capital to the bank.
8. This accumulation takes only one day and is supported by additional collateral of US Treasury Notes equal to 240% of the added capital amount. Adding $100MM capital would have $240MM of treasuries.
9. The added capital is now an unencumbered asset which serves as evidence of financial capability for the bank to participate in the Non-Depletion Commerce. Participation does not require cash, only evidence of financial capability.
10. Terms of the bank’s participation are detailed in the Service Contract with Nelson.
11. Since the CDs are ten year instruments, the bank can participate in the Commerce for ten years if it desires."
Thank you for any assistance!
Absolutely no project has been closed that I am aware of. Have been waiting for a year with multiple promises and of funding "just around the corner". There are many names out there to avoid including The Calgary Work Centre. There is no reality to any funding method mentioned here. There are many names on this page and avoid all of them. The loss of money is enough to avoid these individuals and "companies" but the real loss is the amount of time that has been wasted.
The names Bill and Gordon are often bandied about in relationship to this Calgary Work Centre. Can anyone comment on their participation or credibility?
Ben Young is not now nor ever has been even a millionaire. Any money he has ever collected in this process (since the early 80's) had been other people's money that mysteriously or well, not so mysteriously disappear. He spends the money in other words. No surprise there...
There is no funding, no bank that is going to fund this and the banks that they are listing and affiliated with are known for being affiliated with terrible scams.
The bank(s) that are involved (or said to be involved) are well known for being involved in Pyramid Schemes and the like.
Keep your money. Don't throw it away and get yourself or your family into really bad situations!
There is no funding, no bank that is going to fund this and the banks that they are listing and affiliated with are known for being affiliated with terrible scams.
The bank(s) that are involved (or said to be involved) are well known for being involved in Pyramid Schemes and the like.
Keep your money. Don't throw it away and get yourself or your family into really bad situations!
Yes and I was recently approached by Reginald Clark who is involved with one of the members of Calgary Work Centre. I plan to present info to my former colleagues at 60 Minutes on this whole scam!
If this Benjamin Young is the same one who literally stole $30,000 from me and my husband back in 1996, I would like to know where he is. For what it's worth, I'd thoroughly investigate any Ben Young doing business in Utah, Nevada or Texas because there is a man by that name who has been defrauding people with investment schemes similar to this for a long time but so far has managed to escape the law.
Post Your Comment