Saturday, June 8, 2024

Proverb: Its better to give money for free than to lend. It costs almost the same

Proverb: Its better to give money for free than to lend. It costs almost the same.

 Why is that? Banks have an important and very critical function to the welfare of nations. They lend money with interest rates and they demand the money back. This is happening to the cause of making profit in order to finance more investments and make the economy work, they also cover their operating costs with these profits. But what means “the economy work”, it means people to be engaged in production of goods, services and utilities. If all these are satisfied the goal is matched.

 So we go the Proverb: to give money for free than to lend. It costs almost the same. It does because if the economy works everybody is happy and the people in institutions when they leave office on 14:00 they face a thriving and well satisfied economy and individuals. They go here and there and see happy faces working for them and for everybody. This is the goal to give money for free and enjoy a good cup of coffee or a drink and a meal in a society when everybody is with everybody and the whole wants the  nation to be successful. Together we stand, divided (and dividend) we fall. In a Holy Book it says that if the borrower is a poor man spare the amount you gave to him, this way you receive grace from God.

 If a company away from the burden of giving back the money to the bank, operates with full just and speed then the bank enjoys all the good and beneficial arrangements and goods for that the company was first established.

 Idolatry which is loving money, is the cause of many failments.