As a Global Company we are committed to our clients’ development and needs, we help them to go from small size company to a large size company by means of International growth.
Julio E. Bonfante, Chairman & CEO
How to improve any economy
ECONOMY is defined as the result of production, distribution and consumption of goods and services. This, in turn, is affected by interest rates, unemployment, personal investment, globalization, deficits spending, etc. More »
Real Estate
Fortress Investment Group's acquisition of CW Financial Services and closing on daVinci Holdings highlight the opportunities distressed investors see in sagging commercial-property markets around the globe.
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South Africa –
LB International Commercial Delegation
Last week our Chairman & CEO, Mr. Julio E. Bonfante visited the Free State Province in South Africa along with LeBonfante International delegation. More »
Commodities
Crude prices settled lower following a flood of economic data signaling slower economic growth. Light, sweet crude for August delivery settled down 42 cents, or 0.6% at $76.62 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled down 58 cents, or 0.8%, at $76.19 a barrel on the last day of the August contract.
Mortgage
The costs of getting a mortgage backed by the Federal Housing Administration are about to go up for some home buyers. FHA backed loans are wildly popular with first time buyers for an obvious reason they require a minimum down payment of 3.5%, far lower than what private lenders offer.
African Corner
Brian Dames, newly named CEO of South African electric utility Eskom, takes over amid labor unrest and massive debt needs as he attempts to boost output and avoid a repeat of 2008 power shortages.
European Corner
Slovakia's new government gave its approval for the €750 billion European Financial Stability Package, but said it would demand tighter borrowing rules before it would approve any country's request for money.
Politics
Congress approved a rewrite of rules touching every corner of finance, from ATM cards to traders, in the biggest expansion of government power over banking and markets since the Depression.
How to improve any economy
ECONOMY is defined as the result of production, distribution and consumption of goods and services. This, in turn, is affected by interest rates, unemployment, personal investment, globalization, deficits spending, etc. The Britannica concise encyclopedia defines economics as a social science that analyzes and describes the consequences of choices made concerning scarce productive resources. Economics is the study of how individuals and societies choose to employ those resources, what goods and services will be produced, how they will be produced, and how they will be distributed among the members of society.
Let’s look at China’s economy. It is the third largest in the world, after the USA and Japan, with a Gross Domestic Product (GDP) of almost 5 trillion dollars. Their economy is based primarily agriculture and industry which employs more than 70% of their labor force. China’s example should be followed in order to make any country in the world prosper.
My theory is this: Economies are based in production (agriculture), distribution (industry), and consumption and labor force. Goods and services are the result of agriculture, industry and labor force. We have to acknowledge that every good produced is the result of agricultural production. I know this because every consumer good that we see, such as automobiles, houses, refrigerators, airplanes, etc. are all made from materials that comes from the ground (agriculture) giving the industry the opportunity to manufacture. Exports as well as imports cause the GDP of any country to grow. And now we get to Consumption (Labor force) that will consume the product created, not only within the producing country, but around the world, thereby making the producing country more prosperous. This has made China the great economy in today’s world. You may say that the USA has aided China through agreements, but China had the foundation to sustain itself. In order to build you need a foundation which is how one continues to grow. Agriculture is the foundation of every economy as long it is the largest employer in conjunction with manufacturing, we can then allow us to depend more on us and less on others.
Every time that we outsource, our GDP shrinks, and another country’ grows, which is something we should avoid as it causes the quality of our products to diminish. I want to add that in situations such as the financial crisis we now face, our country and people suffers due to diminished liquidity. This in turn, means more currency printing and more inflation, less goods, less product, less distribution, and eventually less consumption and labor force, changing the landscape of our economy leaving room for a socialist government. Bailout and stimulus ensue, adding more dependency on the government and less capitalism. We need to stimulate manufacturing which is accomplished by stimulating agriculture.
There you have it. I believe that we need to return to rural employment to stimulate manufacturing. Perhaps then our country will have more money to pay down our national debt so that our grandchildren may enjoy what our grandfathers used to have.
And maybe we also have a solution for the 12 million illegal immigrants in this country as most of them come from the Mexico’s countryside and most of them are farmers. Something to consider- of course, after the border is secured.
Have a good profitable day!
Julio E. Bonfante
Chairman & CEO
LeBonfante International Investors Group Corp® today introduced their new Commodity Service Center Division website, a revolutionary website for companies and individuals in the commodity industry. The website is our most advanced commodity service tool for every day transactions. It creates and defines an entirely new instrument that will connect commodities buyers and sellers, intermediaries, mandates and investors in a much more effective and practical manner for your future transactions than ever before.
Tell us what you’re looking for and we will be ready for you in providing the ultimate service available, whether through our consulting services or through a joint venture partnership. We cut through the complications and separate the real players from the “hangers-on” thereby shortening the transactions cycle and making efficient use of your time. All what you need to do is go to www.lebonfante.com, click on Commodity Service Center picture and you are in.
FOR MORE INFORMATION ABOUT THIS SERVICE E-MAIL US AT: commodity@lebonfante.com
We looking forward in working with you
CSCD – Management
CHICAGO, IL— June 15, 2010 Less »
South Africa – LB International Commercial Delegation
Last week our Chairman & CEO, Mr. Julio E. Bonfante visited the Free State Province in South Africa along with LeBonfante International delegation. This commercial delegation was well received by the state officials and was able to establish the relationship with The Department of Economic Development, Tourism and Environmental Affairs (DETEA), for future developments,
After our Chairman met with Free State officials from the department of DETEA, it was concluded that LeBonfante International Investors Group Corp, is able and ready to meet the Free State expectations for future developments and investments.
One of the greatest Free State Province assets is its vision, which in and of itself is an investment. Its vision includes:
- Diversification of the Free State Economy that will ensure:
- Acceleration of the economic growth rate;
- Creation of new employment opportunities; and
- Reduction of economic inequalities
- The acknowledgement of the need to stimulate business creation and expansion through improved service delivery, export and tourism promotion and real estate development.
- Understanding the need to ensuring effective, efficient and sustainable resource management.
This profile currently indicates a need to ensure that the economy of the Free State becomes more robust by creating an environment conducive to improving prioritized sectors that are not performing well. The Free State is has offered LBIG a mandate to aid in all of these endeavors, and LBIG has accepted this incredible opportunity.
The LeBonfante International Investors Group Mandate includes promoting the growth of:
- Information and Communications Infrastructure
- Business Processing
- Pharmaceutical Industries
- Warehousing
- Transportation & Logistics
Services required to undertake this include the following:
- Economic Development
- Tourism Development and Support
- Environmental Management Directorate
Watch for more information over the next month or so as LBIG begins to undertake such endeavors in concert with the Free State government, in particular with its Minister of Economic Development, Mr. Mxolisi A. Dukwana.
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