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Report: #242244

Complaint Review: Jim Norman - David P Jim Norman - Ontario

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  • Reported By: Atlanta Georgia
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  • Jim Norman - David P Jim Norman 409 East Front Street Suite 200, Toronto Ontario Canada Ontario Canada

Jim Norman - David P Jim Norman CEO of Espavo Foundation - H2O3 Ltd and Grafite ripoff Toronto, Ontario Canada

*Author of original report: GREAT EXAMPLE OF JIM'S FOOLISHNESS

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Here is an appropriate quote from Jimbo's site.."Don't Shovel Out The Darkness, Just Turn On The Light" Listen, this monster has shoveled enough of something else out to people for a long time. He talks a big game, but he isn' worth a toot. He puts himself up on a pedestal and acts as though he is some mixed-racial God. (I just pray Strom Thurmond didn't have anything to do with this nut job being hatched!)

Anyway prepare to be "beheaded" by Jim Almighty if you question him on anything. Actually that just stinks of GUILT and ignorance because he has scammed so many people.

Run away from this guy as fast as you can! Rumor has it, Sir Jim Norman has created his own form of the almighty dollar in Canada.

Sharon
Atlanta, Georgia
U.S.A.

This report was posted on Ripoff Report on 04/04/2007 04:29 AM and is a permanent record located here: https://www.ripoffreport.com/reports/jim-norman-david-p-jim-norman/ontario/jim-norman-david-p-jim-norman-ceo-of-espavo-foundation-h2o3-ltd-and-grafite-ripoff-tor-242244. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Author of original report

GREAT EXAMPLE OF JIM'S FOOLISHNESS

AUTHOR: Sharon - (U.S.A.)

POSTED: Wednesday, April 04, 2007

TITHE OR ENTRUST

This Foundation is where Thrum Productions receives its funds for Thrum Records to produce music, DVD's, concerts, tours and films, among many other artistic endeavours. Art funded by a European Foundation.

The Foundation expands its worth by participating in a few exclusive HYI (High Yield Investment) programs which means there is money to spare.

On this website there is a button 'Submit Your Ideas' where people can send in a request, and apanel of experts will evaluate the altruism and practicality of the proposal and give the project whatever (WHATEVER) it needs to be realized.

The Foundation does not make money from thereceived request for funding, it is not an investment per se, it is a 'give away', as the Native culture says, in the spirit of a 'tithe' although it is not exactly 10% of the Foundation. It is in this light thatitwill seed and feed 'ideas' into the millions of dollars...no strings attached.

The Foundation also sets up Trusts.

Example:

Instead of just giving someone 5 million dollars and leaving them to worry about the responsibility and management of that large a sum of money, the FOUNDATION would set up a Trust, in-house, so to speak. The recipient would not have to worry about, nor even know the size of the Trust. Nor would they have to worry about where to place that kind of money and all that that implies. The Trust would then pay out,for example,$500,000 per year.

After paying taxes, this leaves an after-tax income of $300,000. With this income a family with three children could easily put all the children through university, own multiple cars, live in a luxurious home, travel, even start a business, and NOT have to deal with 'Trust Management'. They would be responsible for making payments to institutions they procure loans from, and they would still have 50K to give away or save at the end of each year.

Example:

An individual is given funds and again a 'Trust' is set up in Geneva, in-house to the Foundation. They do not even have to know the total amount of the funds, as long as it pays $300,000 annually, they would have an after-tax income of about $180,000.

In other words, the Foundation sets up Trusts that the recipients have nothing to do with, and the Foundation ensures that these Trusts pay an amount sufficient enough to secure, after taxes, the agreed upon income. Now someone could then go and use a Banking Institution's money to buy a multi-million dollar home or start their own company. With a bank loan and payments covered by their Trust, they would be able to live well, drive well, travel, and still have $30,000 or $50,000 annually to put into savings or use towards a charity of their choice.

Annual income will be established on a per individual basis so that the amount received would be far above their need, yet they would not have to manage an excessive amount of money. They could borrow any amount of money and easily make payments to an institution.

The rule of thumb is to 'USE OTHER PEOPLE'S MONEY', which is what financial institutions and banks are there for, allowing you to hold onto your money and use it to make payments. One should NEVER go out and pay cash just because they have the funds. Keep 'your capital' and spend 'other people's money. This is quite a simple concept that every MBA graduate knows. You keep your capital, you make the payment, the loaning institution makes money and everyone comes out ahead.

With a yearly income of $180,000, $300,000 or $500,000 banking institutions will gladly work with you.

It is a very parochial idea to use $50,000 to buy up $50,000 worth of material. Rather, take the $50,000, borrow an amount that the interest on $50,000 can cover the payments for, and have change left over. The buyer gets their object, the merchant gets their payment, the institution has loaned and made their interest, and the person still has their $50,000 that on its own should be growing as well. To have $50,000 and spend it as cash, thinking 'I don't want to owe', is a loosing game. Not smart at all, just based on fears.

At the point that the recipient passes on, the Trust fund in their name could cease OR be in a Will and passed on, just as the Foundation will pass on after its Principle Owner (Jim Norman).

Andrew Carnegie, the Scotsman well known for his expansive philanthropy, established free public libraries, Carnegie Hall and his Carnegie Corporation funded the children's television program Sesame Street in 1968 even though he passed away in 1919.

Jim Norman

Espavo. Lemurian: Literally, thank you for taking your power. Used as a greeting for both 'hello' and 'goodbye'. The word's vibrational matrix helps people reconnect to ancient memories of their true origin. Espavo.

Thank you for taking your power.
it's like Namaste. The Divine within Me Honors the Divine within You.. Power. Allowing Benevolent Outcomes to manifest for All Again, God's Will and Man's Will, One and the Same.

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