A Quote by Jean Baudrillard
I hesitate to deposit money in a bank. I am afraid I shall never dare to take it out again. When you go to confession and entrust your sins to the safe-keeping of the priest, do you ever come back for them?
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I hesitate to deposit money in a bank. I am afraid I shall never dare to take it out again
When a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take this money from anyone else's deposit; it was not previously paid in to the bank by anyone. It's new money, created by the bank for the use of the borrower.
You could carve out the inside of a brick and hide your money in it for safe keeping. It’s certainly safer than keeping it in the bank!
Training is like putting money in a bank. You deposit money, and then you can take it out.
What we've done last night is what I call pushing back the risks..If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself? If the bank can't do it, then we'll talk to the shareholders and the bondholders, we'll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders.
I was naive and ignorant. I'll never be like that again. But I can't go back. I've come out. I can't stick my head in the sand ever again.
Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits...did not need to be left idly in the bank. They could be lent. The bank then got interest. The borrower then had a deposit that he could spend. But the original deposit still stood to the credit of the original depositor. That too could be spent. Money, spendable money, had been created. Let no one rub his or her eyes. It's still being done-every day. The creation of money by a bank is as simple as this, so simple, I've often said, that the mind is slightly repelled.
For one thing, the Catholic Church in particular has this one thing - confession - in which you could go, confess to a priest and obtain absolution of your sins. And there was a routine and a ritual and I think - I think that it did help.
If you only take money in the bank and never put money in the bank, you'll go broke.
A bath in Ganges undoubtedly absolves one of all sins; but what does that avail? They say that the sins perch on trees along the banks of the Ganges. No sooner does the man come back from the holy waters that the old sins jump on his shoulders from the trees. The same old sins take possession of him again. He is hardly out of the waters before they fall upon him.
Under the old system - which is now so archaic that a lot of people can't remember it - if you wanted money you had to go to the bank and take the money out in cash form, and you couldn't take out money that you didn't have. But with the credit card you can spend money you don't have, and that is just so tempting.
What kind of bank gives back 65 percent-often less-of what you deposit? Indeed, when you compare the services of a bank and an insurance company, common sense suggests something is out of whack.
If you need to put your money in a safe and secure place and you want it to earn interest, Treasury bonds are safer than putting it in any bank as a deposit or putting it anywhere else, because they are backed by the full faith and credit of the United States Government.
Confession of sins is not meritorious: to confess sins as a way of placing God in your debt is not dealing with sin; it is committing another sin. The context of all confession must be the free grace of justification.
Sea does the sweep of his eyes that he does, the one that goes from my head to my toes and back again and makes me feel that he's scanning the depths of my soul and teasing out my motivations and sins. It's worse than confession with Father Mooneyham. At the end of it, he says, "If you help, this will go faster.
I realized that very young - that a life where you don't live to your full potential, or you don't experiment, or you're afraid, or you hesitate, or there are things you know you should do but you just don't get around to them, is a life that I'd be miserable living, and the only way to feel that I'm on the right path is just to be true to myself, whatever that may be, and that tends to come with stepping out of something that's maybe safe or traditional.
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