New Bank Rule Changes
Will Push Barter’s Use
It will be years before
some of the new proposed bank rules become effective, but when they
do the use of organized barter could be enhanced. As we have pointed
out in BarterNews over the years, barter is an effective and
versatile business tool on virtually every level of business, from
the small entrepreneurially-driven business on up to international
And, to various degrees,
all business sectors rely on outside capital. Theses new banking
rules on the horizon will alter the banking business, not only by
limiting risk-taking and the cost of loans, but by providing a
shot-in-the-arm to the commercial barter industry. This is already
underway, as regulators from 27 countries have just concluded a
far-reaching meeting this past weekend in Basel, Switzerland.
Details will be
forthcoming over the coming months as the plan crystallizes, but
essentially major global banks will be required to retain much
greater levels of capital as a percentage of their assets to protect
against potential losses. the purpose of this plan is to avoid a
repeat of the financial crisis of 2008. It will not only transform
banking and potentially drive up rates on deposits, but also will
raise the cost of loans and crimp their availability.
indicated these new rules will take years to implement, but the
business community would be wise to realize what’s coming and begin
immediately to embrace barter — using their products and services —
as another financial alternative.
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How Rich People Think
When it comes to money
and wealth, there are obvious differences between the middle class
and the rich. The middle class operates from a fear-based
consciousness, always worrying about the uncertainty of the future
and therefore trying to protect and hoard their money. Rich people,
on the other hand, operate from a mindset of freedom and abundance.
Saving and investing is
important to them, but they direct their mental energy toward
accumulating wealth through serving people and solving problems.
World class people know that the secret to becoming a millionaire
isn’t in the mechanics of the money, but in the level of thinking
that generates it.
The beliefs and
philosophies about money for the rich and the middle class aren’t
just different, they’re extreme! Here are just a few examples that
emphasize the differences:
class focuses on saving. World class focuses on earning.
class believes hard work creates wealth. World class believes
leverage creates wealth.
class believes money is earned through labor. World class believes
money is earned through thought.
class worries about running out of money. World class thinks about
how to make more money.
class sees money through the eyes of emotion. World class sees money
through the eyes of logic.
class believes getting rich is outside of their control. World class
knows getting rich is an inside job.
class has a lottery mentality. World class has an action mentality
class is waiting to be rescued from financial mediocrity. World
class knows no one is coming to the rescue
class equates money with stress. World class equates money with
peace of mind.
For more on the subject
by Siebold, a mental toughness coach, plus a free download of
several chapters of the book
The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today’s New Age
There are many forms of secondary
capital—which can be defined as any financial instrument that
measures and communicates value in a common language. Would you like
to see and learn more about the many forms of secondary capital?
We have 70 free, informative and
inspiring, articles for you in our “Secondary Capital Section.”
Check it out...
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