|
From: Madeline G-B [mgb@polarisbusinessguides.com] Sent: Thursday, April 25, 2002 12:00 AM Subject: Good Timing Update: Time Outs Next Week; Argentina BANKS CLOSED Hello Everyone, Just a quick heads up about next weeks' Time Outs. There is a very long Time Out beginning on Wed May 1st (10:18 AM PDT and 1:18 PM EDT) that lasts all the way through Thursday May 2nd. Plan now to designate that time to clean up your office, finish a bunch of stuff or catch up on your reading or materials to be reviewed. This is also a great time to write reports, or at least start writing them. Filing those piles of paper is also a good thing to do. Just don't plan to do something important on those days. We don't get many long Time Outs during the work week, so take advantage of it. We all need to do some spring cleaning, and once you do, you'll be amazed at easier it will be to get your other work done on Friday and the following week. Those of you who have perpetual challenges handling paper and getting rid of paper piles, please contact me if you'd be interested in transforming and releasing any negative energy you have around this. A one-hour telephone release for these issues is being organized now.
ARGENTINA BANKS CLOSED While we tend to believe this couldn't happen here again, our fractional banking system is now so challenged, that it could indeed happen. On average every dollar you put in the bank is loaned out 12- 20 times. And of every $100 you put in the bank, only about $2 stays there in reserve without being loaned out. The FDIC has already stated that the new Super Banks, as they call them, are "too big to save" (their words) if any of them fail, and they don't have close to enough funds to cover any major bank failures. Of course I'm sure the Federal government would have to cover their FDIC insurance claims, but this would take time. The government would have to pass legislation to use our tax dollars to pay back the depositors. If we had a major bank failure, would there be bank runs on other banks when the masses discovered the true condition of our banking system? Who knows? I'm just pointing out that it's possible to happen here and we should be paying attention to what's happening elsewhere in the global financial system. And by the way, Argentina decided to take their drastic steps with their currency, because they saw their situation as part of a global mess that they couldn't fix. In other words, Argentina's default, from their perspective, is just the tip of the iceberg of what's occuring in the global financial system. They are saying it's not sustainable and so they dropped out of it. Don't think that Argentina's problems are theirs alone and won't affect us. They will and have already impacted us, but we just haven't seen all the effects yet. Let me know if you're interested in releasing and transforming any issues you may have around dealing with paper and piles of paper. Blessings to all, Madeline G-B |
Madeline G-B
Polaris Business Guides, LLC
877-524-8300, ext 401
mgb@polarisbusinessguides.com
www.polarisbusinessguides.com
You may forward this email to anyone as long as the copyright, my name and
contact information are included.