Bruno Fagali and His Nova/sb Leads by Example; It Wins the Pro Ethics Label Again

Bruno Fagali is a well known pro-corporate ethics compliance advocate. He also happens to be at the helm of one of the most successful advertising companies that Brazil has ever seen. Bruno Fagali has, for the second time in two years demonstrated that he walks his talk. Nova/sb has been awarded the Pro-Ethics Label. The label is a highly prestigious one that is recognized by the Ministry of Transparency and Controller General. In a report featured on FagasPress, it is indicated that the label was put into effect in 2010.

The Pro-Ethics Label

It was started in 2010 with an aim of promoting integrity among corporate firms in Brazil. It is also meant to acknowledge the companies that are making efforts to make ethics compliance a reality across the board. The central objective is laced with the intention to get rid of corruption. Nova/sb was given the Pro-Ethics Award during an occasion that was also graced by the CFO, Mr. Oscar Kita and Bruno Fagali himself. Bruno Fagali is the Corporate Integrity Manager at Nova/sb. Others in attendance include the Director of Content and Information, Ms. Cristina Goncalves, Bob Vieira da Costa; the Associate President, and the Brazilian Chapter Director Cristina Gutenberg.

What One Must Fulfill to earn the Pro-Ethics Label

In furtherance of the campaign by Bruno Fagali for ethics compliance among corporate entities, the Pro-Ethics Label is not an easy feat to achieve. One must formally file a request with the ministry but there is a 5-months waiting time period between the lodging of the request and the awarding event. During the 5 months waiting period, many applicants are eliminated through a vetting process. For instance, there were over 375 companies that requested to be awarded the seal this year. It is worth noting that owing to the competitiveness of the award; only 23 companies were recognized with the seal. The figure, thus, represents only 6% of the applicants. There is a scramble for the seal right now. There has been a 92% increase in the number of companies that have registered, seeking to be granted the seal. It is clear that Bruno Fagali is fast gaining ground in his anti-corruption and ethics compliance. Companies are now able to fine-tune and adopt best practices.

US Money Reserve Presents Examples of Hyperinflation: Weimar Republic Germany

Inflation can be like a fire, if left unattended. At first, it might only lead to you purchasing generics, but then it might lead to you cutting back on the essentials. That is why the Federal Reserve (Fed) has a key inflation target of 2%.

 

Inflation can destroy consumers, businesses and nations. The US Money Reserve presents an example of hyperinflation: Weimar Republic Germany. Is America next?

 

German Hyperinflation

 

The Federal Reserve was created back in 1913 to prevent inflation from getting out of control. Inflation can sop individuals, businesses and governments. Consumers might no longer be able to afford basic goods.

 

Businesses have a tough time properly budgeting for their purchases with rising inflation. Sometimes, during hyperinflation, they are forced to change their merchandise prices every few hours. This creates chaos.

 

When prices rise quickly, the citizens lose faith in the government. And, this is what happened in Germany after World War I.

 

Worthless Paper Money

 

As with any lost war, the losing side is usually penalized. When Germany lost World War I, it gave up territory and made reparations payments to Great Britain and France. The installed German government was called the Weimar Republic.

 

The economy was in turmoil. It was difficult enough losing the war, but the world was also about to enter the Great Depression. Germany had a paper fiat currency and eventually it suffered from hyperinflation.

 

The well-established danger of paper fiat currencies is based on government debt. When a debt is denominated in a certain figure, let us say 100,000 – then all that governments need to do is print more paper currency. They have more paper currency and can more easily pay off their debt of 100,000.

 

The absolute number of 100,000 debt has not changed, but the printing of money has reduced the value of the 100,000. It is like a magician’s trick. That is why some think that paper fiat currency is less reliable than gold.

 

As more fiat currency was printed, German stores raised their prices. Eventually, Germans were bringing wheelbarrows of paper fiat currency to pay for common goods. This was a classic case of hyperinflation.

 

Gold Store of Wealth

 

The US Money Reserve has an answer for inflated fiat currency. You don’t need a wheelbarrow of dollars, you can find a reasonable amount and peruse the redone website. This makes it easy for you to find the gold and silver coins, you need.

 

Gold and silver cannot be printed by governments. US Money Reserve President Philip Diehl understands this. He has worked at the US Mint so he has very good connections.

 

Inflation increases can hurt everyday life. If it is left unchecked, it can destroy nations, like Germany before World War II. How many Germans wished they owned gold or silver coins, instead of worthless paper fiat currency?

 

Plenty of Americans have already traded their paper currency for gold and silver coins. These coins are beautiful. Gold and silver coins are tools to help you combat hyperinflation.