The book is based on a series of spiritual beliefs, held by Toltec`s seniors, to help readers transform their lives into a new experience of freedom, happiness and love.  According to the author, everything a man does is based on agreements he has made with himself, with others, with God and with life itself.  In these agreements, we can tell ourselves who they are, how to behave, what is possible and what is impossible.  Some agreements that create individuals may not cause problems, but there are certain arrangements that come from a place of fear and have the power to deplete emotional energy and reduce a person`s self-esteem.  The book states that these self-limiting agreements cause unnecessary suffering.  Ruiz also believes that to find personal joy, one must get rid of socially imposed and fear-based agreements that can unconsciously influence the individual`s behaviour and thinking.  Another fundamental premise of the book suggests that much of the suffering is created and that most people have the ability to transform themselves and the negative thoughts they have about the situations in their lives.  The author identifies the sources of unhappiness in life and proposes four beneficial agreements that can be concluded with oneself to improve their general state of well-being. By pacting with these four most important chords, an individual is able to dramatically influence the amount of happiness he feels in his life, regardless of external circumstances.  However, the Federal Reserve has never publicly revoked a company`s HCF status. Instead, the Fed generally orders a non-compliant HSF to enter into a Section 4 (m) agreement in which the company undertakes to correct its defects within a specified time frame. However, these confidential agreements of 4 (m) can be shaken up indefinitely.
In the meantime, non-compliant EPCs may continue to engage in financial activities. The federal reserve`s power to limit the activity of a financial holding company. To be considered a holding financial holding company (HCF), the holding company and all its insured subsidiaries of a deposit company must be both “well managed” and “well capitalized”. The Federal Reserve may impose restrictions on the behaviour and activities of an HCF that does not meet either of the two conditions and, as a general rule, the HCF is required to enter into an agreement in camera to comply with these restrictions. (Note: this agreement is covered in point 12.C 1843 (m) and is generally referred to as 4 (m) of agreements.) Because the Federal Reserve considers mismanaged treatment to be confidential surveillance information, the presence and volume of restrictions of 4 (m) is confidential. A study that examined securities data from 60 FhCs between 2005 and 2017 found that almost all CPEs divide that they are well capitalized, but many do not reveal whether they are well managed. The public does not know the conditions of activity or investment that exist through this mechanism and how long it might take. Milbank Financial Institutions Partners Douglas Landy and Partner James Kong wrote an article in The Review of Banking – Financial Services entitled “Behind Closed Doors: The Use of 4 (M) Agreements to Effect Federal Reserve Policy.” The article discusses the federal reserve`s role in oversight and implementation, a brief history of the activities of holding financial companies, and the regulatory response to the financial crisis after 2008.