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Cyber Security – Part Two

Jim Rickards – THE DAILY RECKONING

Hello everyone…this is Part 2 of 3 of our series called Cyber Security.  In 2016, Accenture Consulting published a cyber security white paper (geared towards large organizations) that we thought would be of interest to business owners like you.  This study goes into a more in-depth analysis supported by industry interviews and statistics.  You can download this white paper in two formats; either the Executive Summary or the Complete Report.

Having worked for a forensic accounting firm for several years, I understand some of the challenges and vulnerabilities all organizations face, and that we as consumers face regarding cyber security.  The challenge is, there doesn’t appear to be much access to simple, step-by-step, practical standards of cyber security available to small business owners to readily implement.  This is a real problem!  The white paper focuses its attention on cyber security threats of larger organizations, but we as small business owners can learn from their challenges, approaches and solutions.  The small business owner (and individual alike) needs access to practical, actionable standards of practice against cyber security threats and the protection of their data.

When we think of cyber security from the perspective of a small business owner or as an individual, think about it in terms of our smartphones/ tablets/ and computers.  We either grant permission for auto updates or regularly receive promptings to update and “accept” software company’s “terms and conditions” to either download or update the software on our devices.  This “acceptance” grants those software companies access to our data through our phone cameras, microphones, phone records, pictures and access to other data files.  It’s quite obvious that we have been conditioned to accept whatever terms and conditions are asked by these software companies in order to comply with their downloading/updating standards.   Why should you grant access to all these requests for your smartphones solitaire game?  What this means is that our data and our privacy are at risk.  Our privacy and security are practically non-existent because we have blindly “accepted” software providers terms and conditions.  We therefore have either knowingly or unknowingly relinquished our privacy, our data and control of our information, how it’s managed, secured and shared with others.  This can and does have serious repercussions!  How could we be then surprised that our information could be stolen and disseminated all over the globe?  We have only ourselves to blame.

We would recommend reading the white paper referenced above by Accenture Consulting, and think about how large organizations are approaching this eminent risk.  What can we as small business owners learn and implement from these organizations to better protect our privacy and data (and client data), and to help mitigate cyber security threats and breaches?  We’ll post a follow-up in Part 3 of this series in a few weeks to address how we as business owners (and individuals) can take some practical and actionable measures to better control the security and privacy of our data.  Well I should say, as best we can given that we live in a state of technological acquiescence…whether we choose to believe it or not.  Until then, we hope you enjoy reading the white papers by Accenture Consulting.  Back to you in a few weeks…

Contact Us if you would like to discuss business strategies for your business.

GMS BUSINESS CONSULTING provides lawyers and business professionals with Accounting Services, Business Development Services, Business Optimization Services and Digital Marketing Services to help business professionals successfully organize, grow and operate their businesses more effectively and efficiently.  We do NOT provide investment advice.  Contact us if you are interested in learning more about our services, and in particular, about our M.A.P. (our 3-phase business development solution) to help you strategically focus and tactically grow your business.  We would welcome the opportunity to speak with you.

info@gmsbusinessconsulting.com

707-218-3135

John 14:15

 

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The Coming Economic Crisis: A Follow-Up

We wanted to provide you with a brief follow-up to our earlier post on the coming economic crisis back on November 3rd, 2016.  Those of you who “believe” you understand finance, investments, Wall Street, and how the economy really works…think again and humble yourselves, and listen to this insightful 2-Part interview on London Real with Jim Rickards.  This recent interview will bring you perspectives that cannot be obtained through mainstream media or an MBA program.  Rather, it is through decades of training, knowledge and experience shared by one of the brightest minds in the financial world.  Watch, listen and learn…get informed.  This is perhaps the most informative, insightful and important financial interview we have ever listened to.  See the links below:

Part 1https://www.youtube.com/watch?v=h8GGm0WOGms&spfreload=1  (this covers the first 48 minutes of a 1-hour-25 minute interview.  Just make sure to advance to 5 minutes into the interview to avoid all the annoying marketing intro.)

Part 2: https://londonreal.tv/james-rickards-the-road-to-ruin/  (this link is to view the interview in its entirety, which is approximately 1-hour-25 minutes.  You’ll need to register (it’s free) w/an email and password to access the entire interview on London Real …sorry!  Their rules, not ours…but it’s well worth it.  Just make sure to advance to 5 minutes into the interview to avoid all the annoying marketing intro.)

Do yourselves a favor and prepare for the coming economic crisis, and take the information provided in the interview, and take action.  Contact your financial advisor and discuss your strategy/ options/ and plan (however, my guess is that your typical investment / financial advisor will have no idea what Jim Rickards is talking about, and will most likely feed you with mainstream Wall Street investment advice…which borders on worthlessness).  Although we don’t provide investment advice, we’re more than happy to discuss business strategies to help you/your business navigate through the upcoming economic crisis.  Remember…it’s better to have a plan and have nothing happen, rather than not having a plan and something does happen…the results are vastly different.  Remember…do your research, get informed, and then you’ll be in a better position to make better informed decisions to survive the coming economic crisis.

Contact Us if you would like to discuss business strategies for your business.

 

GMS BUSINESS CONSULTING provides lawyers and business professionals with Accounting Services, Business Development Services, Business Optimization Services and Digital Marketing Services to help business professionals successfully organize, grow and operate their businesses more effectively and efficiently.  We do NOT provide investment advice.  Contact us if you are interested in learning more about our services, and in particular, about our M.A.P. (our 3-phase business development solution) to help you strategically focus and tactically grow your business.  We would welcome the opportunity to speak with you.

info@gmsbusinessconsulting.com

707-218-3135

John 14:15

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Election Fraud In The U.S. – FACT OR FICTION?

Hello Everyone!  Well, we’re almost two weeks past the general elections, and we thought we’d let the dust settle a little bit before addressing the issue of election fraud, and whether or not it is fact or fiction would make for an interesting and timely post.  We are NOT claiming election fraud in this past election of President-elect Donald Trump vs. Hillary Clinton, we’re simply addressing the issue, and attempting to shed some light on the possibility that election fraud may exist here in America, and if so…to what extent.  While mainstream media apparently dismisses the notion and possibility that election fraud exists here in the United States, and labels those who do believe this or discuss this as out-of-touch, non-sense and conspiracy theory, we want to show some alternative views from credible sources that you may want to consider.

Many people we have spoken with regarding the issue of election fraud and stolen election possibilities here in the U.S., both recently and in the past, also tend to dismiss this issue as either non-sense or a conspiracy theory as well.  The few people that we have spoken to about this issue that more readily accept this as a real possibility and threat are high-tech professionals who understand software & network engineering and mathematical algorithms.  That said, those business professionals generally do not fit our typical client profile for whom we are writing this post.  Business professionals like you (lawyers/CPA’s etc), while well-informed, generally dismiss this issue as well, due to disbelief that this could happen in America, lack of evidence or credible sources that would support this position and take this matter more seriously.  We’re not going to try convincing you one way or another as to “if” this happens or is even a possibility.  We simply want to present to you several sources of information for you to review, consider and to weigh the evidence so that you may come to your own conclusions.  As we ALWAYS stress to our readers, do your homework so that you are better informed so that you can make better decisions.

The better people are informed, the more likely corrective legislation can be discussed, drafted and implemented to change or fix the problem our society faces.  We don’t know if this past election was fixed/stolen/modified because there is no credible “provable” public audit of voting results prior to/during/after the polls close that verify that ALL voting terminals/servers/data centers have clean software, and accurate mathematical algorithms encoded into the software are verified.  If we do have this authenticated process in place, please let us and the sources listed below know…because we haven’t seen them yet.  Listed below are just a few of the many sources available that competently address the issue of election fraud in the U.S.:

  1. Dr. Paul Craig Roberts (Former Assistant Secretary of the Treasury – Biography) discusses and provides links to support his position on election fraud ARTICLE #1, ARTICLE #2.
  2. World News Daily – Information Clearing House interview with Professor Mark Crispin Miller – (of New York University),  “Can U.S. Elections Be Stolen”
  3. BlackBoxVoting.org – Black Box Voting, founded in 2003, is a nonpartisan investigative reporting and public education organization for elections.
  4. Investigative Reporter – Jon Rapporport’s blog post on October 31, 2016 Election Fraud

Interesting information, right?  The question is, how will we as voters, citizens of the United States respond to this issue?  Do we the American public really care or care enough to want to make a difference?  There is a solution…we the people must get informed, organize and discuss, then act judicially to hold our representatives accountable in making the changes necessary to resolve this issue.  We’ve presented some credible sources that expose that election fraud here in the U.S. exists.  So the question is, what are you and I going to do?…What are “we” going to do about it?

GMS BUSINESS CONSULTING provides lawyers and business professionals with Accounting Services, Business Development Services, Business Optimization Services and Digital Marketing Services to help business professionals successfully organize, grow and operate their businesses more effectively and efficiently.  We do NOT provide investment advice.  Contact us if you are interested in learning more about our services, and in particular, about our M.A.P. (our 3-phase business development solution) to help you strategically focus and tactically grow your business.  We would welcome the opportunity to speak with you.

info@gmsbusinessconsulting.com

707-218-3135

John 14:15

 

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WARNING – THE COMING ECONOMIC CRISIS

Image by: WiseGeek

Hello Everyone,  we hope all of you are in good health, prospering and productive.  You may have heard people talk about it before, and nothing has happened since 2008…yet.  As many of you know, earlier in my business career, I was a financial consultant for two large Wall Street Investment firms.  Over the past two decades, I have further expanded my breadth of knowledge and experience in business consulting for various business disciplines.  During which time I have also kept my hand on the pulse of the economic and financial world in which we have to live and navigate through.  Over the last three decades, I have seen and lived through several financial crises of which, by the grace of God, using some good common sense and incorporating some solid forecasting advice, I was 100% in cash 3-6 months PRIOR to the dot-com crash and the 2008-2009 crash.  (Please note: We are NOT investment advisers, nor are we giving investment advice.)  We’re simply sharing with you, our readers, how some proactive planning on your part may help you, your family and your business prepare for the coming economic crisis.  Thus, the title…”Warning – The Coming Economic Crisis.”

Over the years, I’ve noticed one important trend…the crises are getting worse as they come along.  The 2008-2009 crises literally brought the world to its knees…being within weeks if not days of a complete global financial banking melt-down.  Eight years later, I believe we are on the cusp of yet another, more severe economic crises that will forever change the world and how we transact business.  Nearly every person I speak with (business professionals and non-professionals alike) are completely uninformed about what happened leading up to the 2008 crisis, and have no clear understanding of what actually caused the economic crisis in 2008.  Most people simply believe it was about too many sub-prime home mortgages defaulting…really?  Do you honestly believe that was the true cause of almost bringing down the global financial system?  This post is not about explaining what happened in 2008 because that has already passed, and many have written about it.  Rather, we want to focus on what looms ahead and how you can prepare for it.  I know what you’re thinking… Things seem to be be better than they were a few years ago, and in many areas they are.  However, when you look at the foundations…the fundamentals of what support the global economy and not simply look at the short-term surface results, the picture is quite different.  We (GMS Business Consulting) feel like we’re all living economically on borrowed time.  Simply ask yourself the following questions:

QUESTIONS:

  • Are near-zero interest rates a sign of a weak or strong economy?
  • Why has the Federal Reserve been so hawkish in raising interest rates for 8 years if the economy were as strong as reported, and so cautious this year about raising interest rates 1/4 of 1 percent?
  • Does a 25 basis point interest rate hike really threaten a healthy economy?
  • Would you or any reasonably-minded person or business man refuse to make a purchase because of a 25 basis point hike in interest rates? (I don’t believe so, unless that person is already at their 95% affordability index.)
  • So the questions begs an answer to:  Why is the Fed so cautious and reluctant to raise interest rates by 25 basis points once or twice a year?  What do they know that we don’t know…and are not telling us?
  • How do you get good financial information/perspective/forecasting, and not dumbed-down propaganda?

ANSWERS:  You have to do your homework.  You have to dig a little bit outside the mainstream sources of information.  You have to become financial and political atheists when it comes to seeking sources of good/reputable information.  You need to let go of the mainstream media sources like the CNN’s/FOX’s/NYTimes/Wall Street Journals etc.  Not that they’re bad, but I just don’t recall these sources effectively ringing the warning bells of prior crises or of the future looming crisis.  They’re pretty good at telling you what “happened” once the crises began, but not too effective about warning the public and accurately describing the lead-up to the crises themselves.  Perhaps they did provide some tid-bits of warning in isolated sound bites, but I personally don’t recall receiving my sources of preparedness of previous crises coming from these sources.

Given where we are economically and politically, there are a few sources that we believe have been credible over the years that we share with family and friends, that we would like to share with you…  Keep in mind these sources are not perfect/all-knowing/faultless etc., but they have good, long, solid records of experience and forecasting.  We would suggest starting with these, then branch out and seek more on your own.  Evaluate how they compare with your current sources.  If you “really” want to seek understanding of the economic and financial condition we’re living in, then you must give-up your biases, and seek truth and understanding.  Only then will you be able to clearly understand the facts as they are, and not as they’re reported or appear to be.  Then, you will be better prepared to engage in strategic planning for yourself, your family and your business to survive the coming economic crisis.  We have found the following 5 sources  to be very credible in economic, financial and political perspectives and forecasting.  You may not agree with them on each point, however the key is…to better build your sources of independent information to give you a balanced perspective from which to make better informed decisions.

  1. JIM RICKARDS (Attorney & Financial Expert – About Jim) – View these interviews to understand his perspective regarding the coming economic crisis ahead at:  https://www.youtube.com/watch?v=tfiJMMxSv3o     http://icradio.co.uk/icr-142-james-rickards-road-ruin/   https://www.youtube.com/watch?v=2rhm0Zm-J4k and  https://youtu.be/MhR_AkfFfZ0
  2. NOMI PRINS (Former Goldman Sachs Director/Financial Expert/Author/Speaker) – View her bio here: http://www.nomiprins.com/ and view her recent interview of the coming economic crisis here: http://kingworldnews.com/financial-crack-up-nomi-prins-warns-when-the-system-crashes-this-time-it-will-crash-harder/
  3. DR. PAUL CRAIG ROBERTS (Economist/Former Assistant Secretary of the Treasury/Author) – Visit his blog with interviews and articles at: http://www.paulcraigroberts.org/pages/about-paul-craig-roberts/
  4. GERALD CELENTE (Renowned Trend Forecaster) – You can view his website and subscribe to his newsletter at: http://trendsresearch.com/   (Mr. Celente is very passionate, a political atheist, and very knowledgeable.  Focus on “what” he says, not “how” he says or expresses his views).
  5. JOHN WILLIAMS (Economist) – To better understand the “real” or true economic numbers reported to the public, John Williams strips away the non-sense used in massaging the economic indicators by government officials and mainstream media, and provides bare-bones numbers that more accurately reflect the state of the economy.  Visit his web site at: http://www.shadowstats.com/

CONCLUSION:  As we’ve mentioned, we believe we are on the cusp of another economic crisis of which we’ve never seen in our lifetimes.  Does that mean you should sell everything/close shop/stay inside/do nothing?  Absolutely not…it simply means get informed…better informed so that you can make better decisions on how to better prepare and protect your family and business once this crisis unfolds.  The sources I listed are simply the sources we have found outside of the mainstream media sources that have proven valuable to us over the last two decades.  There are many more sources out there…too many for us to list, and you too will find others as well if you do your homework.  Remember, you don’t have to agree with them on everything, simply listen to what they have to say, test their knowledge and perspectives, consult with your current advisers, and then make your own decision.  We simply didn’t want to let time go by and an opportunity slip away to warn our readers of what concerns us personally and professionally of what we see coming on the horizon, and to not take the opportunity to share our perspectives along with a few reputable sources.  Please don’t wait to do your planning now…the coming economic crisis isn’t waiting for you…

 

GMS BUSINESS CONSULTING provides lawyers and business professionals with Accounting Services, Business Development Services, Business Optimization Services and Digital Marketing Services to help business professionals successfully organize, grow and operate their businesses more effectively and efficiently.  We do NOT provide investment advice.  Contact us if you are interested in learning more about our services, and in particular, about our M.A.P. (our 3-phase business development solution) to help you strategically focus and tactically grow your business.  We would welcome the opportunity to speak with you.

info@gmsbusinessconsulting.com

707-218-3135

John 14:15

GMS Business Consulting 306 Comments

Something Strange In The Numbers?

Zero Hedge

Zero Hedge

 

Hello Everyone!  Every once in a while we want to let newer viewers know why our business blog exists, and why we provide the content that we do.  As our longer-term readers know, the content of our blog is to serve two purposes:

  1. First, to provide meaningful/helpful business management content to help lawyers/law firms/CPA’s and other business professionals to better manage their short-term and long-term business goals and objectives.
  2. Second, is to provide our readers with powerful, insightful news, comments, and commentaries related to financial/economic/and political information that may not be reported by mainstream news media, and not as well-known or understood by the general public. Read more
GMS Business Consulting 302 Comments

EMV Cards – October 2015 Deadline

ChipCard

Image by Square

 

Good morning everyone!  You may be asking yourself, what is an “EMV Card”, why the switch, and how does this impact me as a business owner?  The answers to these questions came from one of the product suppliers/services that we use in our own business, and we personally recommend to any business owner looking to quickly, simply and inexpensively process payments.  Whether you’re a professional service provider, small technology company, brick & mortar company or even a start-up business, we recommend that you seriously consider using Square as part of your business technology and payment solution. Read more

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Is The 2010 Dodd-Frank Act Impotent?

The Wall Street Journal

The Wall Street Journal

 

Nomi Prins

Nomi Prins

Good Morning Everyone!  Today’s question…are you among those who believe that the 2010 Dodd-Frank Act has strengthened the banking and financial systems, and if so, how?  Who really has benefitted from this Act…the bankers or we the people?

Well, we have an eye opening, candid, insightful and fact-based article to share with you on the effectiveness (or better put…impotence) of the 2010 Dodd-Frank Act, and the need to bring back the effective Glass-Steagall Act from  former Wall Street insider and highly acclaimed author and speaker, Nomi Prins.  Ms. Prins recently delivered a recorded video message to the attendees of the Schiller Institutes 30th Anniversary.  Her message centers on unveiling the ineffectiveness of the Dodd-Frank Act, and the need to bring back or reconstruct a very close version of the Glass-Steagall Act in order to preserve the banking system FOR THE PEOPLE….NOT THE BANKS! Read more

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Protecting Your Business & Personal Assets…Before The Next Financial Crises!

Nomi-Prins2AllPresidentsBankersCover

Hello Everyone!  As you know, we aim to bring insightful news, practical information, and reliable sources that can help you personally and professionally.  Most of the information we bring to your attention is not readily available on mainstream media for a variety of reasons (which we’ve covered in prior postings).  As informed readers, we know that the state of the economy is NOT as it is commonly reported to be on mainstream media. Read more

GMS Business Consulting 297 Comments

Is the Fed Laundering Treasury Purchases?

Greg Hunter’s USAWatchdog

Hello Everyone!  This interview caught our attention, and we wanted to bring it to your attention… “Is the Fed Laundering Treasury Purchases?”  Well the answer to that question is YES, according to Dr. Paul Craig Roberts (Chairman of  The Institute for Political Economy, Assistant Secretary of the Treasury for Economic Policy during the Reagan administration, and former Associate Editor of the Wall Street Journal).  Do you think he knows a thing or two about how the Federal Reserve, the U.S. Treasury and the treasury market works?  You can read about this issue and see the interview Video posted today on Greg Hunter’s usawatchdog.com Read more

GMS Business Consulting 385 Comments

Is Aereo Legal? What the Supreme Court Is Deciding: Video – Bloomberg

Supported devicesHello Everyone!  Are you tired of paying outrageous oligopoly fees to the cable companies to view your favorite TV programs?  Well, there’s a new solution in about a dozen major cities across the U.S., and it’s making its way to your neck of the woods.  That is…if the U.S. Supreme Court doesn’t stop them in a major lawsuit by industry leading broadcasters.  The business is called Aereo.   As we post this, the U.S. Supreme Court is currently hearing the case, and is due to announce its decision in late June or early July before their summer break. Read more