A Quote by Tom Robbins
There's a certain Buddhistic calm that comes from having... money in the bank.
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Admittedly, having a bit of disposable cash in the bank can give you a sense of Buddhistic calm, and despite the fallacy involved, that's probably preferable to the bonafide adventure of robbing a bank. A better alternative, however, is to learn to be at peace even when common sense (a highly overrated virtue) would lead you to believe that someone in your situation ought to feel threatened and insecure.
Save money; never rely on other people to lend you money. We call it having 'walking the streets' money - money in your back pocket or bank account that belongs to you.
Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply.
Even the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions.
I was lucky to learn early in life that you need money for food and shelter, but there's no ambition in having money in the bank for the sake of it!
My bank is the worst. They are screwing me. You know what they did to me? They're charging me money for not having enough money. Apparently, when you're broke, that costs money.
If you only take money in the bank and never put money in the bank, you'll go broke.
For me, money is to use - it's only to use. So I never have money because I always spend. That's why in a way I protect myself in having houses. But if I had just cash or kept it in the bank, I'd spend it immediately. But not for stupid things. So I don't like to have money. I never have money in my pocket.
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.
So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?
Money is another pressure. I'm not complaining, I'm just saying that there's a certain luxury in having no money. I spent ten years in New York not having it, not worrying about it. Suddenly you have it, then you worry, where is it going? Am I doing the right thing with it?
I don't use a debit card. The safest thing is a credit card because you're using the bank's money. If someone accesses your information, they are stealing the bank's money, not yours.
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.
A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.
If your bank took bailout money, take your money out of that bank and put it in a credit union. Credit unions are owned by the people who have their money in the credit union.
If your environment keeps draining your energy, it's like having a leaky bank account, where any money you're putting into the bank, such as by seeing an energy healer, keeps slipping out. You have to change your environment, including any harmful beliefs, before the energy can stay high.
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