The success of the direct selling company QNet has been fast and continued for a number of years since the multi level marketing business was founded in 1998 in Hong Kong. I have been aware of the success QNet has enjoyed, but have only recently been looking to conduct some research into how the company has been conducting business over the last few years.
QNet has spent a large amount of time and effort looking to assist those in need in parts of the world the company is actively working within, such as India and other areas of the Asian continent. Across India the need for clean and safe water has been a major source of concern for individuals and charitable groups from across the globe; QNet has looked to provide disaster relief kits for those who are affected by flooding and other problems across the country. I have been impressed by the approach QNet has taken to providing clean water to various groups across India, but in particular I have enjoyed reading about the programs QNet has implemented to provide clean drinking water for shcools in some of the poorest areas of India.
Part of the reason I have been looking into the products offered by QNet is the ideals the company seems to possess are similar to those I have looked to live and work by for myself. Luxury goods play a vital role in the business of QNet and the high quality testing put into place make this one of the most impressive business groups I have come across. Added to the high quality luxury goods is a commitment to living in peace with the environment, which the company has taken to include the use of vegetarian products to aid their commitment to the best possible quality products in the world.
There is an on going debate on the value of the penny an whether or not it should be removed from the press. An interview of Philip Diehl, president of US Money Reserve shown on CNBC Squawk Box deals with whether or not it is a good idea to remove the penny from the press and the potential consequences that can occur with the removal of the penny.
It is a controversial topic with people on both sides of the debate making predictions about the possible consequences that could result from the removal of the penny. Philip Diehl himself is in favor of getting rid of the penny due to the cost of producing it.
The side against getting rid of the penny voice concerns particularly of the elimination of the penny being the cause of inflation due to the need to round up to the nearest ten. In other words, prices like $4.99 or similar prices would rise up to a full $5.00. This is a major concern for people who oppose the elimination of the penny. Admittedly, this is only speculation on their part. The side that is in favor of eliminating the penny from the press offers a compelling argument.
Philip Diehl himself says that the retailers and food companies care enough about the customers to avoid angering them over a penny. For one thing, they may round the costs down a few cents to the next available coin value. He also points out that the penny costs a lot more to print than they are worth, Getting rid of the penny would save a lot of money. He also notes that the material of the penny has changed over time.
Both sides present a compelling argument. One thing is certain, they are considering getting rid of the penny. It is only a matter of time before they remove the penny from the mint.