Archive for June, 2010
Banking
June 11th, 2010 | 
Author: April 3, 1957: I found it hilarious and at the same time food for thought…. Q: What are banks for?
A: To make money. Q: For the customers?
A: For the banks. Q: Why doesn't bank advertising mention this?
A: It would not be in good taste. But it is mentioned by implication in references to reserves of $249,000,000,000 or thereabouts. That is the money they have made.
Q: Out of the customers?
A: I suppose so.
A: Not exactly. That is the money they use to make money. Q: I see. And they keep it in a safe somewhere?
A: Not at all. They lend it to customers. Q: Then they haven't got it?
A: No. Q: Then how is it Assets?
A: They maintain that it would be if they got it back. Q: But they must have some money in a safe somewhere?
A: Yes, usually $500,000,000,000 or thereabouts. This is called Liabilities. Q: But if they've got it, how can they be liable for it?
A: Because it isn't theirs. Q: Then why do they have it?
A: It has been lent to them by customers. Q: You mean customers lend banks money?
A: In effect. They put money into their accounts, so it is really lent to the banks. Q: And what do the banks do with it?
A: Lend it to other customers. Q: But you said that money they lent to other people was Assets?
A: Yes. Q: Then Assets and Liabilities must be the same thing?
A: You can't really say that. Q: But you've just said it! If I put $100 into my account the bank is liable to have to pay it back, so it's Liabilities. But they go and lend it to someone else, and he is liable to have to pay it back, so it's Assets. It's the same $100 isn't it?
A: Yes, but…. Q: Then it cancels out. It means, doesn't it, that banks haven't really any money at all?
A: Theoretically…… Q: Never mind theoretically! And if they haven't any money, where do they get their Reserves of $249,000,000,000 or thereabouts??
A: I told you. That is the money they have made. Q: How?
A: Well, when they lend your $100 to someone they charge him interest. Q: How much?
A: It depends on the Bank Rate. Say five and a-half percent. That's their profit. Q: Why isn't it my profit? Isn't it my money?
A: It's the theory of banking practice that……… Q: When I lend them my $100 why don't I charge them interest?
A: You do. Q: You don't say. How much?
A: It depends on the Bank Rate. Say a half percent. Q: Grasping of me, rather?
A: But that's only if you're not going to draw the money out again. Q: But of course I'm going to draw the money out again! If I hadn't wanted to draw it out again I could have buried it in the garden!
A: They wouldn't like you to draw it out again. Q: Why not? If I keep it there you say it's a Liability. Wouldn't they be glad if I reduced their Liabilities by removing it?
A: No. Because if you remove it they can't lend it to anyone else. Q: But if I wanted to remove it they'd have to let me?
A: Certainly. Q: But suppose they've already lent it to another customer?
A: Then they'll let you have some other customers money. Q: But suppose he wants his too….and they've already let me have it?
A: You're being purposely obtuse. Q: I think I'm being acute. What if everyone wanted their money all at once?
A: It's the theory of banking practice that they never would. Q: So what banks bank on, is not having to meet their commitments?
A: I wouldn't say that. Q: Naturally. Well, if there's nothing else you think you can tell me….?
A: Quite so. Now you can go off and open a banking account! Q: Just one last question.
A: Of course. Q: Wouldn't I do better to go off and open up a bank?
Posted in 
What Is Reality?
Perceiving is Believing. Misperceiving is Deceiving. I enjoyed this video. Hope you do too
How Big Is Your Fish Bowl?
This is one of the great wonders of the world.
If you were to take a goldfish out of a fishbowl in your home and let it go free in a big pond or lake, you would be very surprised to see that the goldfish would continue to swim in a small circle roughly the size of your fish bowl at home.
Now, why is it so, you may ask?
Because, while in the fishbowl, whenever the goldfish tried to swim further, it would bump into the glass.
After doing this for so many times it would invariably give up trying to swim further.
The goldfish now believes that this is how it has always been and that it is not possible for it to be any other way.
This has now become the belief of the goldfish.
We human beings are no different. Our beliefs have become so ingrained in us that we decide in our subconscious mind that something is not possible and of course that is what becomes our reality.
Questioning our beliefs means that we have to question our own limitations.
If they serve us then all is fine and if they don’t serve us then it is time to replace them with beliefs that do.
Some of the biggest ” popular beliefs” out there is that it is very difficult to make money, It is very
difficult to get out of debt, we need money to make money, it’s so difficult to be successful in a recession or that the challenges we have are too difficult to surmount.
We’re still thinking like the goldfish even though we are free.
Bob Marley says ” Emancipate yourself from mental slavery”.
Look at your hands -do you see any shackles? Look at your feet are they tied together?
What is holding you back? Your limiting beliefs of course. Your limitations are set by your beliefs.
Most people want to know: ” How can one tell for sure if what one believes is true or not?”.
The question to ask is really simple:
1. How does this belief serve me?
2. Is this belief moving me towards my dreams and aspirations?
3. Or is this belief moving me away from my dreams and aspirations?
There is a Turkish proverb that paraphrased says : if you are on the wrong road turn back.
Here is this week’s to do list:
Look at the three questions above and ask yourself:
Is what I am thinking and feeling moving me towards or away from my dreams and aspirations?
Is how I am behaving moving me towards or away from my dreams and aspirations?
Are the results of my actions moving me towards or away from my dreams and aspirations.
Think about this and see what you need to change to get back on track towards those dreams
So get out of the fishbowl and live!
Dr Ken Onu is the CEO and founder of Attract Freedom. An organization with the sole purpose of empowering others to Personal Freedom and Prosperity. An Ophthalmologist by profession, he is a keen speaker, communicator, entrepreneur and an aspiring author. Coming soon Free personal development sessions => http://www.attractfreedom.com. Register early!
Message From God
To: YOU
Date: TODAY
From: GOD
Subject: YOURSELF
Reference: LIFE
This is God. Today I will be handling All of your problems for you. I do Not need your help. So, have a nice day.
I love you.
P.S. And, remember…
If life happens to deliver a situation to you that you cannot handle, do Not attempt to resolve it yourself! Kindly put it in the SFGTD (something for God to do) box. I will get to it in MY TIME. All situations will be resolved, but in My time, not yours.
Once the matter is placed into the box, do not hold onto it by worrying about it. Instead, focus on all the wonderful things that are present in your life now.
If you find yourself stuck in traffic, don’t despair. There are people in this world for whom driving is an unheard of privilege.
Should you have a bad day at work; think of the man who has been out of work for years.
Should you despair over a relationship gone bad; think of the person who has never known what it’s like to love and be loved in return.
Should you grieve the passing of another weekend; think of the woman in dire straits, working twelve hours a day, seven days a week to feed her children.
Should your car break down, leaving you miles away from assistance; think of the paraplegic who would love the opportunity to take that walk.
Should you notice a new grey hair in the mirror; think of the cancer patient in chemo who wishes she had the hair to examine.
Should you find yourself at a loss and pondering what is life all about, asking what is my purpose? Be thankful. There are those who didn’t live long enough to get the opportunity.
Should you find yourself the victim of other people’s bitterness, ignorance, smallness or insecurities; remember, things could be worse. You could be one of them!
Should you decide to send this to a friend; Thank you. You may have touched their life in ways you will never know!
Now, you have a nice day…God
-Anonymous
