Western Buddhist Banking

Banking Sheep 081110 e1299720975495 Western Buddhist Banking

In the Pali Canon, Buddha talks of developing skill.  Therefore a Western Buddhist develops skills.  It is surprising how ignorant and emotional people are when any conversation about money arises.  From the arising of skill comes the arising of knowledge.  From the stopping of ignorance comes the stopping of clumsy action!  Bank loans can be an emotionally challenging experience.  Banks make money when you take their money.  This means most likely they want you to take out a loan as much as you want to spend the money.  They really don’t care about what you spend the money on unless the sum to be borrowed is considerable.  Then they will want security…

We forget about the interest the banks attach to their offering.  This is where the Western Buddhist applies some skill.  Others think only thinking of getting the loan and how to spend it, a Western Buddhist is calculating the interest and shopping around for a better deal, and even negotiating interest rates.  Emotion  retards our vision of what will happen in the future.  With the illusion of compound interest most Banks set-up the Borrower to payback approximately 50% of the principle as interest.  An example of this; a $20,000.00 loan creates $10,000.oo interest which means you pay $30,000.oo in total.

Does knowing this fact make people think twice about taking the banks money, unfortunately no.  Emotion controls most peoples desire to spend money on stuff.  They will happily sign a pieces of paper contracting them to pay the bank $10,000.oo for doing almost nothing.  Fractional reserve lending means a bank only has to have a fraction of the money it loans out.  Some Banks operate at a ratio of 40 to 1.  Using the $20,000.oo example; 1/40th of the principle amount is $500.  So the bank only needs $500 to legally collect a $10,000.oo  interest payment from you.  Surprisingly your bank is handing you borrowed  money from a larger Bank or Central Bank, with the expectation you will them $10,000.oo interest for what I am not sure.  Either way if you borrow $20,000.oo you’ll payback $30,000, and the bank only need $500 to collect $10,000 from you as an interest payment.

Buddha realized developing skill would diminish ignorance.   He called this “right thought” which is a component of the Noble Eight Fold Path.  Skill demands to get a bank loan you must develop knowledge of fractional reserve lending and how it works.  “Right Thought” & “Right Action” are skill dependent.  Bank loans are created from credit released from a Central Bank.  How does the Bank create this credit.  As a Western Buddhist if considering Borrowing some of the Bank’s Credit; it is your duty to increase your skill in this arena.  Ignorance is not a defense with Buddhism or a court of law.

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I find western converts to buddhism and eastern religions still retain a sense of ego……….?

and preach buddhism just like the western christian fanatics. Why can’t they let go of the ego even after claiming belief in buddhism? Does it take generations to reach that point where you donot view yourself above anyone else? Does a meat diet have anything to do with it? How can a person learn to be sensitive to everyone’s feelings without caring for all of gods sentient beings? I am dissappointed that the dalai lama consumes meat occassionaly too despite preaching peace to everyone! Yet i see hindus adfamant in their vegetarianism, why do buddists deny that what guides you inside is the very presence of god in you! How can buddhism so blatantly pick up every hindu belief and then deny god to appeal to the atheists of this world?

Put those thoughts aside and remember what you believe, and care about. forget what others say that annoy you and embrace the beauty of your soul and remember that there is peace and love all around you. Travel on your road and push aside all the others that do not share that road.

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If I wanted to convert to buddism, what would I have to practice and what are their beliefs?

I just want any information on Buddism, what do they believe in, do they believe in any certain god(s), what are their practices?

Buddhism is something you do, not convert to. It’s like studying cognitive science, only more complete.
There are thousands of sects. I studied several of the main ones in my youth and settled on the one I will briefly describe because it includes all the lessons of the others without the elitism, secrecy, and mystification.

The founder of the Buddhism never wanted anything but to help everyone overcome the four sufferings of birth, sickness, aging, death.
He studied with numerous masters and underwent many privations until he realized that they didn’t hold the answers he was seeking. So he determined to find them on his own.
When he broke through and tried to teach the grand lessons he had learned, no one understood him. They weren’t ready to abandon incremental steps for a big journey. They weren’t ready to accept responsibility for their own lives as long as there were so many concepts around to enforce dependency.
So he started to develop expedient means with which to lead people to their freedom from delusions.
Because people are so different, he had to use many different means. That is one reason the sutras seem so confusing.
Eventually, as he was heading toward the end of this life, he began to tie it all together. He connected the dots. Those connected dots became the allegorical Lotus Sutra.
The Lotus Sutra contains all the means he developed and much more.
It was difficult to understand if you didn’t have the ability to withdraw from daily life for twenty, or thirty years.
In the thirteenth century, one man reconnected the dots in a way that would enable ordinary people AND rich geniuses to realize everything, if they were willing to make the effort.
This monk, blew all the partial and misleading answers out of the water, so the partial and misleading sects immediately had the government, with which they were in cahoots, attack him. Governments are interested in controlled populations, not free thinking, self-controlled individuals.
It didn’t work. The multiple attempts on his life and the thirty years of harsh persecution didn’t prevent Nichiren from realizing his determination. He manifested his learning on a single page of reference called a gohonzon and many letters and treatises.About 700 survived the times and cover-up attempts.
Today his teaching is being propagated in 192 countries by SGI.

The practice has to do with deciding to try it, become a freer human, decide on the goals of ones life, and using the mantra developed by Nichiren (Nam Myoho Renge Kyo) with determination to win. SGI has some mistakes in the translations into English because they use religious terminology for activities that have nothing to do with obeisance to a deity, or asking for benefit from a superior being, or having faith. This is because most authoritative translating dictionaries were compiled by Christian missionaries. Other than that, it is the most pro-human, freedom generating, self-respect enhancing group on Earth. The kicker is that what they teach enables people to generate pleasant coincidences because a brain that is getting un-deluded is better at generating benefit. While people are doing that, they are also forming a network to create peace in the world.

There is a brief summary you can google called, "quickly+transcend+your+circumstances"

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Why India and its surrounding became less Buddhists althou it was the origin of Buddha’s history?

because the hindhu belief has been there longer than buddhism and some still practice both today and if you look at there history you will see why hindhuism is becoming less popular and why buddhist dont want anything to do with it anymore

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are there any westerners here who are Buddhists but don’t practice Western Buddhism?

I’m a 16 year old Westerner, And I want to practice more traditional Buddhism. Particularly Tibetan Buddhism.
ifoughtyoutube that’s very ignorant.

Several forms of traditional Buddhism are available in the West. These include Tibetan, Zen, and Pure Land Buddhism.

The most widely-taught version of Theravada Buddhism – Insight – has been adapted to make is practices more easily accepted in the West. As a result, it has dropped many of its traditional aspects.

Tibetan and Zen Buddhist centers are widespread. Pure Land centers tend to be less common and to focus more on supporting the needs of ethnic Asian communities.

If you need help finding a community near you, feel free to contact me.

Best wishes on your path!

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What is the most common sect of buddhism followed by the western world?

It is very difficult to find reliable information about that, partly because it is so difficult to define who is and who is not a buddhist in the West today. Some are devout buddhists, some mix different buddhist traditions, some even mix different religions, some are mainly buddhist but pick and choose their own understanding of what it means, some use buddhist methods and inspiration without calling themselves buddhists, and many people sympathize with buddhism and are maybe inspired by reading some popular books by famous buddhists like the Dalai Lama, without practicing anything from the buddhist teachings.

That said, we can see three major waves of buddhism coming to the West:
1. in the first half of the 20 century, the Theravada teachings totally dominated the scene, often mixed with theosophy and spiritualism
2. after WWII, and especially in the 50s and 60s, Zen became popular, among other things through the beat poets and the Japanese martial arts.
3. after 1959 and the subsequent exile of the major part of the great Tibetan masters, and especially the last two or three decades (one milestone was the Nobel’s Peace Prize of the Dalai Lama in 1989), the Tibetan teachings have more and more become the probably most popular and widespread form of buddhism, if you see the West as a whole.

These three traditions are still the three major players on the Western buddhist scene, even if a lot of other buddhist traditions have also had some success, like Chinese Ch’an (from which Zen originated), Chinese and Japanese Pure Land, Japanese Nichiren, and so on.

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Are there any coming of age ceromonies in Sikhism and Buddism?

If there are what happens in them, etc. Or not?

For Sikhs, it is the Dastar Bandhi Ceremony (Turban Tying) -

Usually, when a Sikh boy reaches a certain age, usually 11 to 16, a turban ceremony is performed for the child. This ceremony can be held at the Gurdwara or at any place where the Guru Granth Sahib is installed.

At this ceremony, Ardas is recited and then the child’s first turban is ceremonially tied on by the Granthi, or a Sikh elderly person. This ceremonly designates the respect with which the turban is regarded. Moreover, this ceremony is usually attended by family members, and friends.


Buddhism does not have a coming of age ceremony as such.

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Where did Buddhist Meditation come from?

Does anyone know its history? origins?

not buddhism, buddhist MEDITATION

Before Lord Buddha discovered The Dharma His childhood was Hindu He spent six years studying and practising with various Hindu ascetics and it would be fair to presume it was these Teachers who would have taught Him meditation He then went off on His own and it is well documented it was during His time meditating under a Bodhi tree he became "Awake"
So the credit must go to the Hindu Tradition for this
Interestingly Lord Buddha wasn’t the first Buddha of this world time period There were three others before Him and it is claimed There will be one thousand Buddhas who will visit this world before our sun goes Supernova It begs the question Who taught the the previous Buddhas
It’s a real dilemma that’s difficult to fully answer
I’m not a real fan of Wiki but there is a reasonable explanation regarding the various forms of meditation You may find helpful but like others I am unable to answer your question as fully as I would have liked


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Why is Buddhism so better and different from Western religions?

Buddhism is against greed, for peace and happiness now. Buddhism isn’t for killing and colonizing other peoples.

Now, why is Buddhism so much better than Western religion?
Far more violence/wrong on this world was done in the name of any Western religion compared to Buddhism!

the morals and ideals are totally different from most western religions. The funny thing is, Judeism, Christianity and Islam all stem from the same thing at the end of the day.
I think Buddhism is more relivant in the world of today than it ever has been.

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Is buddism accepted only by the asian race?

Answers and feedback please.

Not at all, Buddhism is all about peace and being one with another. There are all races excepted in Buddhism, but you just see asians more often due the the fact that the religion itself originated in Asia. Famous people such as Richard Gere and many unknown others. Buddhism is pretty much accepted by all races and countries eccept by individuals who believe their religion is the only religion.
Hope you find what your looking for!

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