A Quote by Jose Ortega y Gasset

Beliefs constitute the basic stratum, that which lies deepest, in the architecture of our life. By them we live, and by the same token we rarely think of them.... One may symbolize the individual life as a bank of issue. The bank lives on the credit of a gold reserve which is rarely seen, which lies at the bottom of metal coffers hidden in the vaults of the building. The most elementary caution will suggest that from time to time the effective condition of these guaranties--of these credences, one might say, that are the basis of credit--be passed in review.
Truth lives, in fact, for the most part on a credit system. Our thoughts and beliefs pass, so long as nothing challenges them, just as bank-notes pass so long as nobody refuses them.
The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That's one reason why you get so many credit card offers.
I do not regret my youth and its beliefs. Up to now, I have wasted my time to live. Youth is the true force, but it is too rarely lucid. Sometimes it has a triumphant liking for what is now, and the pugnacious broadside of paradox may please it. But there is a degree in innovation which they who have not lived very much cannot attain. And yet who knows if the stern greatness of present events will not have educated and aged the generation which to-day forms humanity's effective frontier? Whatever our hope may be, if we did not place it in youth, where should we place it?
Poetry may make us from time to time a little more aware of the deeper, unnamed feelings which form the substratum of our being, to which we rarely penetrate; for our lives are mostly a constant evasion of ourselves.
Now between '45 and '48, things would change enormously, 'cos we'd had credit in United States, credit from the Bank of America, credit from the Import-Export Bank and people had started working again.
O Gold! I still prefer thee unto paper, which makes bank credit like a bark of vapour.
Life's so much easier when you're not always maintaining two worlds: the one formed of lies, which feels real, and the one you live in, which often feels like lies. So easy to get them confused.
The world is a puzzling place today. All these banks sending us credit cards, with our names on them. Well, we didn't order any credit cards! We don't spend what we don't have. So we just cut them in half and throw them out, just as soon as we open them in the mail. Imagine a bank sending credit cards to two ladies over a hundred years old! What are those folks thinking?
Our public credit is good, but the abundance of paper has produced a spirit of gambling in the funds, which has laid up our ships at the wharves as too slow instruments of profit, and has even disarmed the hand of the tailor of his needle and thimble. They say the evil will cure itself. I wish it may; but I have rarely seen a gamester cured, even by the disasters of his vocation.
I'm not an absolutist about free speech. Intellectually, I believe that most of the time it's better to let things get said, argue them, and put lies and stupidities to rest. Practically, I know that newspapers rarely issue corrections with the same prominence they give to denouncements - and Twitter, by its nature, never does.
We are trying to communicate that which lies in our deepest heart, which has no words, which can only be hinted at through the means of a story. And somehow, miraculously, a story that comes from deep in my heart calls from a reader that which is deepest in his or her heart, and together from our secret hidden selves we create a story that neither of us could have told alone.
We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced ... we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.
The earth is not a mere fragment of dead history, stratum upon stratum like the leaves of a book, to be studied by geologists and antiquaries chiefly, but living poetry like the leaves of a tree, which precede flowers and fruit ~ not a fossil earth, but a living earth; compared with whose great central life all animal and vegetable life is merely parasitic. Its throes will heave our exuviæ from their graves ... You may melt your metals and cast them into the most beautiful moulds you can; they will never excite me like the forms which this molten earth flows out into.
What does the truth matter? Haven't we mothers all given our sons a taste for lies, lies which from the cradle upwards lull them, reassure them, send them to sleep: lies as soft and warm as a breast!
I think the most important thing to understand about credit derivatives and their use at JPMorgan is they served a number of different purposes. First and foremost, they were a tool which initially was seen as being useful in managing the bank's own risk management challenges.
If there be a love pure and free from the admixture of our other passions, it is that which lies hidden in the bottom of our heart, and which we know not ourselves.
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