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	<title>Busayo Akanro - Light does not shine in light &#187; Economic recession</title>
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		<title>The Parable of the monkeys</title>
		<link>http://busayoakanro.com/2009/10/26/the-parable-of-the-monkeys/</link>
		<comments>http://busayoakanro.com/2009/10/26/the-parable-of-the-monkeys/#comments</comments>
		<pubDate>Mon, 26 Oct 2009 17:08:05 +0000</pubDate>
		<dc:creator>bussee</dc:creator>
				<category><![CDATA[Business]]></category>
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		<category><![CDATA[Economic recession]]></category>
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		<guid isPermaLink="false">http://busayoakanro.com/?p=347</guid>
		<description><![CDATA[
Hi folks, I know you want to say &#8220;where have you been for all these months?&#8221; or &#8221; How come you haven&#8217;t written a single article in 4 months?&#8221; I really don&#8217;t know the answer. I must admit quite honestly that even right now I don&#8217;t feel like or want to write anything.
It&#8217;s not because [...]]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-348" title="the-3-monkeys" src="http://busayoakanro.com/wp-content/uploads/2009/10/the-3-monkeys.jpg" alt="the-3-monkeys" width="400" height="300" /></p>
<p>Hi folks, I know you want to say &#8220;where have you been for all these months?&#8221; or &#8221; How come you haven&#8217;t written a single article in 4 months?&#8221; I really don&#8217;t know the answer. I must admit quite honestly that even right now I don&#8217;t feel like or want to write anything.</p>
<p>It&#8217;s not because there aren&#8217;t things to write, it&#8217;s just because I feel quite unmotivated and unworthy to write them. Anyway, I&#8217;m writing now ain&#8217;t I? So please just bear with me and read on&#8230;this will bless you.</p>
<p>I once heard about the parable of the monkeys. Once upon a time<span id="more-347"></span> a monkey was placed in a particular cage with a bunch of bananas hanging from the top of the cage. Naturally, the monkey swung up the cage excitedly and reached up for the bananas, he was immediately doused with a jet of cold water from a hose that was aimed at the cage. Immediately, he dived back down to the bottom of the cage. Of course, monkeys don&#8217;t give in that easily so he tried again &#8211; no one was going to deter him from feasting on the bananas. He swung up again to retrieve the bunch of bananas but as soon as he almost touched it, he got doused with water again. He immediately dived back down looking for the source of his affliction (apes hate water). He couldn&#8217;t really see anybody and tried after a few minutes. He got doused again. He tried again and again and each time he got doused again and again. After a few days and many attempts, he stopped trying.</p>
<p>One month after, another monkey was brought into the cage. The monkey saw the bunch of bananas and immediately went for it (Note: The bunch of bananas were changed to fresh ones from time to time). He got the shock of his life as a jet of cold water hit him in the face. He quickly scurried to the bottom of the cage and waited a few minutes for the shock to wear off before trying again. He got the same result and after trying a while and getting drenched, he understood why the first monkey wasn&#8217;t as eager as he was to eat &#8220;free&#8221; bananas hanging at the top of the cage. He also succumbed to fate and stopped trying to get the bananas.</p>
<p>Another month after, a new monkey was introduced into the cage. As custom will have it, he went straight for the bunch of fresh bananas he saw hanging at the top of the cage but the other two monkeys went for it as pulled it down with his legs. They immediately pounced on it and beat it silly and into submission. They did that because they knew he would get sprayed with water  and all of them will get wet. They didn&#8217;t want to get wet and they knew that he wont get the bananas anyway so they took steps to ensure it didn&#8217;t happen. After a while of trying and getting beaten, the monkey gave up trying. One month went by and another monkey was introduced into the cage. He suffered the same fate as the 3rd monkey only that the 3rd monkey was involved in beating him up and keeping him from getting the bunch of bananas.</p>
<p>After a few weeks, the first two monkeys were taken out of the cage. Now of the two monkeys remaining in the cage, none of them actually had water sprayed on them for reaching for the bananas. They were only restrained with pain by the first two monkeys.</p>
<p>Yet another month went by and another monkey was introduced into the cage. He immediately was giving the customary beating treatment when he tried to get the bunch of bananas. After trying a while and getting beat a few times, he suddenly blurted</p>
<blockquote><p>&#8220;Why are you monkeys beating me and holding me back?&#8221;</p></blockquote>
<p>The other monkeys looked at themselves blankly and said</p>
<blockquote><p>&#8220;We don&#8217;t know, we don&#8217;t know why we are beating you? We were beating as well when we came and tried to reach for the bunch so we just took on the custom of beating every other monkey who tried to reach for the bananas&#8221;.</p></blockquote>
<p>How many of us are like that? We don&#8217;t why we are where we are or why we are doing what we are doing. We just know that that is how it should be done. Who told you that? Who told you that you must have only one stream of income? Who told you that you can not live above sin? Who told you that you can&#8217;t own your business? Who told you that you can not be financially free?</p>
<p>We were mostly brought up hearing our parents and environment say,</p>
<p>&#8220;Get a good education, get a good job thereafter, work all your life, retire broke and busted with a good pension and die!&#8221;</p>
<p>What a big lie!</p>
<p>You are like the monkeys!</p>
<p>Why can&#8217;t you dare the jet of water and pull out all stops to get the bananas!</p>
<p>What is your own excuse? Are you pulling others down who are trying to get the bananas?</p>
<p>Have you been enslaved by the system?</p>
<p>Do you merely wish freedom or do you DESIRE it?</p>
<p>Listen!!! those who have tried and failed have been taken out of the cage!</p>
<p>Ask yourselves what they did and how you can do it better?</p>
<p>Perhaps, if the three remaining monkeys planned to go for the bananas together the focus of the water spray would be divided and one of them would have been able to get the bunch.</p>
<p>Instead of proliferating negativity and pessimism, think of another way to achieve your dream and go for it.</p>
<p>LIFE DOES NOT GIVE YOU WHAT YOU DESERVE, IT GIVES YOU WHAT YOU DEMAND.</p>
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		<title>Who will bell the banks?</title>
		<link>http://busayoakanro.com/2009/02/11/who-will-bell-the-banks/</link>
		<comments>http://busayoakanro.com/2009/02/11/who-will-bell-the-banks/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 17:13:06 +0000</pubDate>
		<dc:creator>bussee</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Economic recession]]></category>
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		<guid isPermaLink="false">http://busayoakanro.com/?p=256</guid>
		<description><![CDATA[
&#8220;if God judge count the iniquity of the wicked, who shall stand?&#8221;
I seat here watching and listening to intermittently the CEOs of banks in the U.S giving comprehensive account of their transactions with regards to the bailout they got from the government a while ago. I see seated all the CEOs of the big and [...]]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-257" title="chained-safe" src="http://busayoakanro.com/wp-content/uploads/2009/02/chained-safe.jpg" alt="chained-safe" width="337" height="506" /></p>
<p><em><span style="color: #00ff00;">&#8220;if God judge count the iniquity of the wicked, who shall stand?&#8221;</span></em></p>
<p>I seat here watching and listening to intermittently the CEOs of banks in the U.S giving comprehensive account of their transactions with regards to the bailout they got from the government a while ago. I see seated all the CEOs of the big and mightly banks. The JP Morgan Chases, Goldman Sachhs of this world are ably represented as they say what and what they have done with the moneys given to them an what amount of profit or loss they have made.<span id="more-256"></span></p>
<p>The idea behind the committee that is holding them accountable is to find out whether the CEOs can be trusted as proper custodians of public funds and whether or not they will sacrifice all that is needed to ensure that Americans have access to proper credit again credibly in the bid to grow the sunken economy.</p>
<p>The last time some of them were told to give account, questions fired at them bothered on their own personal sacrifices and those of the management with regards to crises situations. Questions like &#8220;Did you arrive by private jet or did you take the train or did you fly first class?&#8221; were thrown at them to see what lengths they were willing to go to indicate their empathy with Americans and the American economy crisis at present. Those whose personal spending habits didn&#8217;t reflect what they drafted on paper as reports were seriously reprimanded.</p>
<p>And then suddenly, with tears in my eyes, I ask myself &#8220;when will this happen in Nigeria?&#8221; When will the Jim Ovias and Tony Elumelus be brought before an equitable committee to give an account of how they have put public funds to use?</p>
<p>When will there be a harmonised financial year end for banks so that all the buffering up of accounts from one bank to another and mistatement of accounts by so-called auditors who have been bribed stop?</p>
<p>When will even the CBN governor be able brought to accountability on his projections, his statements and the state of the economy as a fall out of his policies or inactions?</p>
<p>This hand-in-glove arrangement that the banks have with the CBN governor such that the true state of health of the banks are not disclosed despite the fact that billions of naira of public funds are at risk may have been exposed by then.</p>
<p>When will those who are in charge of leading, driving and growing our economy be brought to accountability in the face of their woeful failures?</p>
<p>I can&#8217;t wait. I just can&#8217;t. Even the Bank of England governor can attest that the nation is in deep recession. Our own CBN governor can&#8217;t even state the banks that are &#8220;living dead&#8221; and find a solution to rescuing the public&#8217;s funds.</p>
<p>Who will bell the banks? and when? In the New Nigeria, I believe all that should be will be.</p>
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		<item>
		<title>Who will save us?</title>
		<link>http://busayoakanro.com/2009/02/11/who-will-save-us/</link>
		<comments>http://busayoakanro.com/2009/02/11/who-will-save-us/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 06:24:24 +0000</pubDate>
		<dc:creator>bussee</dc:creator>
				<category><![CDATA[Economic recession]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Global Issues]]></category>
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		<guid isPermaLink="false">http://busayoakanro.com/?p=248</guid>
		<description><![CDATA[
I got reminded yesterday of a particular time in the Bible days when the king of Egypt, Pharaoh, had a couple of dreams that troubled him but lacke the interpretation of it. In fact, he went to all lengths to get an interpretation. His astrologers and magicians stood a risk of death if they couldn&#8217;t [...]]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-254" title="dollar-burn" src="http://busayoakanro.com/wp-content/uploads/2009/02/dollar-burn.jpg" alt="dollar-burn" width="413" height="414" /></p>
<p>I got reminded yesterday of a particular time in the Bible days when the king of Egypt, Pharaoh, had a couple of dreams that troubled him but lacke the interpretation of it. In fact, he went to all lengths to get an interpretation. His astrologers and magicians stood a risk of death if they couldn&#8217;t produce an interpretation for him. He was so troubled by the dream because he had a premonition that it had to do with the state of his empire. In those days, Egypt was the headquarters of the world.<span id="more-248"></span></p>
<p>Anyway, ultimately, a young man who was in prison had the skill and spirit to give an exact and acceptable interpretation to the kings dream. In giving the interpretation, he was also promoted from being a prisoner to becoming a prime minister. Well, the King perceived that only one which such a clear direction on what to do to recover from the looming crises as predicted by the dream could stir the empire on the right path. So he made him ruler of Egypt.</p>
<p>This singular move helped save more than half the world from famine and starvation.</p>
<p>Yesterday, all the world watched in anticipation as two very important and pivotal people in the U.S economic framework spoke on the direction of the economy going forward.</p>
<p>Investor&#8217;s showed their lack of trust in the plan rolled out by Secretary of the Treasury, Geithner, as they took drastic risk aversion moves, selling rapidly stocks that they owned and moving into more secure investments like Gold and the U.S dollar. This happened despite the passage of the stimulus plan of $834billion dollars at the senate.</p>
<p>People are not as optimistic as Obama might want them to be especially because the Secretary of the Treasury didn&#8217;t delve into details in his provision of the intervention of the Treasury with regards to rescuing the economy. He didn&#8217;t say what the public hadn&#8217;t known before. Infact, the bailout news seemed only like theory since no clear practical plan on how to effect it followed.</p>
<p>As a result oil prices took a dive and I got my fingers burnt as I had taken a long position on the commodities market and stubbornly refused to shift ground, certain that the market would rebound. Well, rebound it did not. Prices sank to as low as $38 per barrel. Stock prices also took a plunge as investors sought more safe vehicles like gold which rose as a result of the demand it witnessed.</p>
<p>If confidence is low in America with regards to the bailout strategy of the American government, then I&#8217;d say there&#8217;s a big emergency looming because the only way the whole country can get out of this recession is when collectively, everyone believes in and works towards achieving a financial upturn by following steadfastly an acceptable plan of recovery laid out by the government.</p>
<p>So, responsibility lies with the government or individuals that have influence and the ears of the government to map out clear strategies with actionable steps so that the people can confidently follow those steps on their way to a sound recovery.</p>
<p>But if the government doesn&#8217;t know and can&#8217;t find the way, who will show it to us?</p>
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