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Commodity cartels are not only manipulating carbon, oil, and sugar. They today control nations across the globe.

Okay, im under 16, living in the UK and im looking to purchase a re-loadable, pre paid debit card so i can purchase and sell products online. And although it may sound stupid Im not comfortable with the idea of "Registering" my pre paid debit card by sending a copy of my passport or photo ID, and my parents wont let me send copies of bills etc. to confirm my address, so im pretty stuck here. I’d also like it to be possible to withdraw money from my pre paid debit card account at an ATM. And as i’ll be selling computers & computer accessories online, i can’t use a card that has a maximum balance of less than £3000 approx. Any suggestions ?

Go to your bank in person and tell them what you are trying to do. They should be able to get you there if not go to the bank next door with your information and willingness to change banks for you business transactions. Hope this helps. Good luck

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It's an open thread! Pleeeeease feel free to chat, blogwhore , and link-share in the comment thread... So below is what my cartoon sockpuppet Bookworm Bob & I have been looking at so far this week. ? Los Angeles Times ' The Internet is proof that government doesn't bungle everything : Since it's so fashionable these days to question whether government can do anything right -- whether it's regulating banks, bolstering the economy or overseeing healthcare -- it's worth

By Karl Denninger, The Market Ticker This is pretty interesting… and infuriating. Remember the “scare” recently when The FBI descended on Queens NY on some sort of terrorism tip? The FBI is grilling this guy, a Denver man : The Afghan national at the center of a reputed Al Qaeda terror cell probe was trying to cut a deal Friday after two days of FBI grilling, sources told the Daily News. Ok, good enough. Except for this… Between 2005 and 2008, he opened credit card accoun

The Dom Post reports : Internal Affairs has given businesses until Wednesday week to come up with proposals on how they could use and help support its $122 million online identity verification and log-on service. … Several banks have expressed interest in using igovt to authenticate the identity of new customers, so that they can open bank accounts online. Internal Affairs suggested that the system could also be used by online auction sites to verify traders’ identities. Trade M

Filed under: Banks , Consumer Complaints Just when you thought you had heard it all. Tampa Bay Florida's Channel 10 is reporting that one Steve Valdez tried to cash a check that was written on his wife's Bank of America check. The policy at Bank of America is that if you're going to cash a check and you don't have an account there, which is apparently the case with Valdez, the bank will request your thumbprint for identification purposes. The bank wanted Valdez to put his thumbprint on

If this is your only type of I.D., good luck opening a bank account in Santa Ana – until now!Most of us take banks and banking for granted. Many of us have had bank accounts since we were kids. But for thousands of Orange County residents, opening a bank account is not so easy. Here in Santa Ana, where I live, many residents are unable to open bank accounts because the only I.D. they have is their matricular consular cards. In fact this came up on Monday night, at the Santa Ana Planning Comm

I would like to start my own Online Business selling Office Products. I have worked for a few different websites now that sell Office Products and there is such a big Market to make money in. In order to start up my online business, I need to know what legal documents must I have in order for my Online Business to be legal? Besides the legal documents, what else do I need to have set up in order to start my very own Online Business? Another question, How does someone like me, a young Entrepreneur like my self apply for a Small Business Loan? and Why would a Bank give me a Loan, what would be my requirements in order to be accepted for a Loan? If anybody knows of a website and or company that I can contact who will help me set up all my legal documents, paper work, etc. to get my Online Business started up? Any Advice would be highly appreciated. Thank You

Legal documents you need:

- Decide on your legal setup. If sole proprietorship, do business registration with your county clerk’s office. If corporation, partnership or LLC, register with the Secretary of State. This process will include determining your DBA or fictitious business name.
- If corporation or LLC get an EIN from the IRS http://www.irs.gov/businesses/small/article/0,,id=102767,00.html
- Go to your state’s Department of Revenue (or whatever the dept responsible for taxes) and apply for your sales tax permit or sales tax number. Most wholesalers require this before selling to you
- Check if your state requires a business license for an online store as some states vary

if you’re applying for a loan and if it is a big amount, banks and even the SBA may consider other factors aside from your business credit:

- A business plan explaining what the business is

- Your background and experience in the business — in my experience, this is KEY in the eyes of the bank because they want to make sure that you know what you are doing and that you can make the business work. If you don’t have any experience with the business, have someone on board that knows the business to give banks assurance that someone will guide you

- Your credit factors because it shows your dependability and how well you handle credit. They will do a credit check on you and poor credit history may be frowned upon, or even reason for the disapproval of your loan application

- Your collateral. Banks, even SBA guaranteed loans, want the borrower to show collateral. They want to be guaranteed that somewhere somehow they can get payment from you

- Condition or terms of loans. Banks would want to know three important things: "How much money are you requesting? What will it be used for? and For how long will it be needed?" Banks oftentimes prefer to approve loans for items that can be identified, has lasting value, and can be repossessed and sold if things fail.

- Equity investment so the bank knows you yourself believe in the business enough to invest your own money in it

Aside from banks I suggest you consider microloan providers. They typically fund up to $30K Read about the SBA Microloan Program http://www.sba.gov/financing/sbaloan/microloans.html

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Identification theft is the most rapidly growing illegal activity in the 21st century, and has even overtaken contraband drug sales. To show you how pervasive the problem is banks,credit card firms, and other companies that house the computer servers that store private passwords or other sensitive info, have all cited break-ins from Trojan viruses or other internet hacking programs, which have resulted in the loss of information worth hundreds of millions of dollars . One of the methods in

More than 11 million businesses — from law firms to lawn-care services to banks — must comply by Aug. 1 with a federal law to fight identity theft. And most probably don’t know about it. The requirement called the Red Flag Rule because businesses that keep private information on their customers must look for the red flags that indicate someone is using stolen identification information. The Federal Trade Commission has postponed the deadline twice for implementing the 2003 Fair and Accu

FROM TIMES OF INDIA By Swaminathan S Anklesaria Aiyar Shared by Sailendra Dewan Dear Nandan Nilekani Nobody is better qualified than you to head the government’s project to create an identification number for every citizen, buttressed with a smart card that allows governments, banks and other institutions to interact with every citizen. In theory this could transform the quality of governance, weed out corruption and waste, and end poverty by helping target the poor. I wish you

Blue ID is a Bangalore based startup in the domain of Authentication and Identity Services from Verity Technologies, a mobile app services firm. Blue ID is an authentication service that provides a single foolproof identity which integrates with multiple agencies that need to verify your identity / presence (for instance, banks, retail outlets, offices etc). Mobile Authentication and Verification Workflow - Blue ID Blue ID uses multi-factor authentication and Improves identificatio

I was grumbling at a privacy conference about my bank’s privacy policy and that it seemed impossible to get a bank to truly delete records and take back your data from affiliates if you no longer had an account. Why should we be contacted in perpetuity if we are no longer customers? In response to my grumbling, a well-known privacy expert shrugged dismissively and commented that all banks do that. He was correct, but that doesn’t make it right. And because most of us have been too complacent,