Failures and breakthroughs – exposed, reflected, considered

what is money?

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Banks create money based on borrowers’ promise (in exchange for bank loans) to pay back, i.e. money is created out of debt.

The Bible:“One person pretends to be rich, yet has nothing; another pretends to be poor but has great wealth” (Proverbs 13:7). Or: “The rich rules over the poor, and the borrower becomes the lender’s slave.”(Proverbs 22:7).

Buddhism states  money complex is a demonic religion – demonic because it cannot absolve our sense of lack.

French classic-liberal Bastiat‘s collection includes an Achilles-Tortoise-styled polemic about money.

P.S. Bush’s grandfather used money helping Hitler rise to power.

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Written by Hayk

September 8, 2011 at 6:39 am

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