Borrow Lend Quotes

I suddenly realized that we were on borrowed time, that time is always borrowed, and that the lending agency exacts its premium precisely when we are least prepared to pay and need to borrow more...

There are two sure ways to lose a friend, one is to borrow, the other is to lend.

Lend.” “Lend?” Raquel asked. “Yes, as in, lend me your self.” He shimmered into Raquel again. “Why not Borrow?” I asked. “Better yet, Steal?

A book lying idle on a shelf is wasted ammunition. Like money, books must be kept in constant circulation. Lend and borrow to the maximum.

If you see Myrnin, tell him I said I want my slow cooker back." "Your- You let him borrow something you put food in?" Hannah's smile disappeared. "Why?" "Um, never mind. I'll make sure it gets disinfected before you get it back. But don't lend anything to him again unless you can put it in some kind of sterilizer." That made even Hannah look nervous. "Thanks. Tell crazy boy I said hey." "I will" Claire promised. "Hey, if you don't mind me asking - when did he borrow it from you?" "He just showed up at my door one night about a week ago, said, 'Hi, nice to meet you. Can I borrow your Crock-Pot?' Which I understand is pretty typical Myrnin.

acquaintance, n.: A person whom we know well enough to borrow from, but not well enough to lend to.

I can lend you my money not my books.

I suddenly realized that we were on borrowed time, that time is always borrowed, and that the lending agency exacts its premium precisely when we are least prepared to pay and need to borrow more.

When I get hold of a book I particularly admire, I am so enthusiastic that I loan it to someone who never brings it back.

Dreams are the kind of things you can—when you need to—borrow and lend out,

Instead of digging for gold, sell shovels. Instead of taking a class, offer a class. Instead of borrowing money, lend it. Instead of taking a job, hire for jobs. Instead of taking a mortgage, hold a mortgage. Break free from consumption, switch sides, and reorient to the world as producer.

Dreams are the kind of things you can borrow and lend out.

Acquaintance: "A person whom we know well enough to borrow from, but not well enough to lend to. A degree of friendship called slight when its object is poor or obscure, and intimate when he is rich or famous.

Since ever the world was spinning And till the world shall end You've your man in the beginning Or you have him in the end, But to have him from start to finish And neither nor borrow nor lend Is what all of the girls are wanting And none of the gods can send

If you don't find a good teacher, find a good book.

As my father used to say: "There are two sure ways to lose a friend, one is to borrow, the other to lend.

Words borrowed of antiquity do lend a kind of majesty to style, and are not without their delight sometimes.

Lend me your ears and you can borrow my mind

The most dangerous part of lending books lies in the returning. At such times, friendships hang by a thread. I look for agony, ecstasy, for tears, transfiguration, trembling hands, a broken voice - but what the borrower usually says is, "I enjoyed it." I enjoyed it - as if that were what books were for.

For peace read books, for success read books and take actions.

Love neither lends nor borrows; Love neither buys nor sells; but when it gives, it gives it s all; and when it takes, it takes its all. Its very taking is a giving. Its very giving is a taking. Therefore is it the same to-day, to-morrow and forevermore.

And a mortgage used to be something you were expected to repay. But now that every other middle-income family has a mortgage for an amount they couldn't possibly save up in their lifetimes, then the bank isn't lending money anymore. It's offering financing. And then homes are no longer homes. They're investments. ...It means that the poor get poorer, the rich get richer, and the real class divide is between those who can borrow money and those who can't. Because no matter how much money anyone earns, they still lie awake at the end of the month worrying about money. Everyone looks at what their neighbors have and wonders, "How can they afford that?" because everyone is living beyond their means. So not even really rich people ever feel really rich, because in the end the only thing you can buy is a more expensive version of something you've already got. With borrowed money.

The surest way to ruin a man who doesn't know how to handle money is to give him some.

Borrow trouble for yourself, if that`s your nature, but don`t lend it to your neighbors.

Borrowed books and umbrellas are seldom returned

There is a simple rule: practice a kind of generous selfishness. Give a book to a friend, but don't lend it, because you will never get it back. ~ James Wood, author of The Book Against God.

all loans, in the eyes of honest borrowers, must eventually he repaid. All credit is debt. Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.

There are two sure ways to lose a friend, one is to borrow, the other to lend.

A man with nothing to lend should refrain from borrowing.

Earned money brings you security, borrowed money gets you slavery.

A book lying idle on a shelf is wasted ammunition. Like money, books must be in constant circulation. Lend and borrow to the maximum.

Don Vicente, a monk of the Convent of Pobla in Aragon, murdered several collectors in order to get their best books;

My son loved the library. He loved putting books on hold online and having them waiting, bundled up with his name, when he came for them. He loved the benevolence that the stacks held out, their map of the known world. He loved the all-you-can-eat buffet of borrowing. He loved the lending histories stamped into the front of each book, the record of strangers who checked them out before him. The library was the best dungeon crawl imaginable: free loot for the finding, combined with the joy of leveling up.

I hate lending, or borrowing—if you want me to read a book, tell me about it, or buy me a copy outright. Your loaned edition sits in my house like a real grievance. And in lieu of lending books, I buy extra copies of those I want to give away, which gives me the added pleasure of buying books I love again and again.” --Jonathan Lethem

Buying an apartment is completely out of the question, the bank said, because who’d lend money to someone without money? You only lend money to people who don’t really need to borrow money. So where are you to live, you might ask.

The European authorities are effectively lending Greece money so Greece can repay the money it borrowed from them’ (‘Most

As my father used to say: “There are two sure ways to lose a friend, one is to borrow, the other to lend.

I know no greater bore than the man who insists on lending you a book which you do not intend to read.

Dreams are the kind of things you can—when you need to—borrow and lend out,” I said.

But I had heeded the warning, and as is said of juries who have heard inadmissible evidence before it is stricken from the record, suddenly realized that we were on borrowed time, that time is always borrowed, and that the lending agency exacts its premium precisely when we are least prepared to pay and need to borrow more. […] I squirreled away small things so that in the lean days ahead glimmers from the past might bring back the warmth. I began, reluctantly, to steal from the present to pay off debts I knew I’d incur in the future. This, I knew, was as much a crime as closing the shutters on sunny afternoons. But I also knew that in Mafalda’s superstitious world, anticipating the worst was as sure a way of preventing it from happening. When we went on a walk one night and he told me that he’d soon be heading back home, I realized how futile my alleged foresight had been. Bombs never fall on the same spot; this one, for all my premonitions, fell exactly in my hideaway.

Have you been reading those books that clueless illiterate Duja in charge of the lending library lets you borrow?’ ‘No, Ma.’ ‘Then what put you in mind of devils possessing nuns to take over the church?

Loan covenants are agreements outlining specific conditions the borrower must meet during the loan term. If you’re an entrepreneur obtaining a business loan, you really need to think methodically about the loan covenant.

Refinancing options are considered to optimize a business's financial structure, potentially lowering interest costs and improving overall financial health. But it has to be to the advantage of both the borrower and the lender.

Syndicated loans involve multiple lenders sharing the risk and funding a single loan. Sometimes these are good plays for both lenders and borrowers. If you’re a borrower experiencing difficulty getting approvals, maybe consider the syndication route.

You haven't any right to expect your friends to be larger than yourself, larger than life. Just take them as they are, cut down to average size, and be glad you have them. To drink with, laugh with, borrow money from, lend money to, stay away from their special girls as you want them to stay away from yours, and above all, never break your word to, once it's been given. And that is all the obligation you have, all you have the right to expect. ("New York Blues")

In post-modern finance, everybody took a risk when lending or borrowing.

There’s a best time for everything – including the acquisition of capital.

Know the hazards of lending and borrowing with friends.

There are two sure ways to lose a friend, one is to borrow, the other to lend.” Besides, I did

time is always borrowed, and that the lending agency exacts its premium precisely when we are least prepared to pay and need to borrow more.

You will lend to many nations but will borrow from none.

Dreams are the kind of things you can—when you need to—borrow and lend out,” I said. I really do overplay these sayings sometimes.

A man who asks for your time but doesn't value it, will one day ask for your money and won't return it.

Our primary objective in every mortgage transaction should be to borrow in a way that reduces debt, improves financial stability, and helps us get debt free in as short a time as possible!

It happens that in our phase of civility, the novel is the central form of literary art. It lends itself to explanations borrowed from any intellectual system of the universe which seems at the time satisfactory. Its history is an attempt to evade the laws of what Scott called 'the land of fiction'-the stereotypes which ignore reality, and whose remoteness from it we identify as absurd.

I suddenly realized that we were on borrowed time, that time is always borrowed, and that the lending agency exacts its premium precisely, when we are least prepared to pay and need to borrow more

6For the LORD your God will bless you,  oas he promised you, and  pyou shall lend to many nations, but you shall not borrow, and  qyou shall rule over many nations, but they shall not rule over you.

Revolving credit lines allow businesses to borrow, repay, and re-borrow within a specified limit. In terms of managing a business’s cash flow, utilizing revolving credit lines may be a great way to go.

Defi means Decentralized lending and borrowing among other things. Each node in this Defi network is the new meaning of a bank. That means that instead of there being just a few big banks, there will be a multitude of banks embedded in every aspect of society. Every type of business and every type of organization will have a bank and every type of business and every type of organization will offer financial services.

Might not certain vices have the same relation to character that the rigidity of a fixed idea as to intellect? Whether as a moral kink or a crooked twist given to the will, vice has often the appearance of a curvature for the soul. Doubtless there are vices into which the soul plunges deeply with all its pregnant potency, which it rejuvenates and drags along with it into a moving circle of reincarnations. Those are tragic vices. But the vice capable of making us comic is, on the contrary, that which is brought from without, like a ready-made frame into which we are to step. It lends us its own rigidity instead of borrowing from us our flexibility. We do not render it more complicated; on the contrary, it simplifies us. Here, as we shall see later in the concluding section of this study, lies the essential difference between comedy and drama. A drama, even when portraying passions or vices that bear a name, so completely incorporates them that the person is forgotten, their general characteristics effaced, and we no longer think of them at all, but rather of the person in whom they are assimilated; hence, the title of a drama can seldom be anything else than a proper noun. On the other hand, many comedies have a common noun as their title: L'Avare, Le Joueur etc.

If you would know the value of money, go and try to borrow some; for he that goes a borrowing goes a sorrowing, as Poor Richard says; and indeed so does he that lends to such people, when he goes to get it in again.

Secured loans have collateral, while unsecured loans rely solely on a borrower's creditworthiness. As an entrepreneur, you’re in a stronger position if you have both the creditworthiness piece and the collateral piece.

Finny,” my voice broke but I went on, “Phineas, you wouldn’t be any good in the war, even if nothing had happened to your leg.” A look of amazement fell over him. It scared me, but I knew what I said was important and right, and my voice found that full tone voices have when they are expressing something long-felt and long-understood and released at last. “They’d get you some place at the front and there’d be a lull in the fighting, and the next thing anyone knew you’d be over with the Germans or the Japs, asking if they’d like to field a baseball team against our side. You’d be sitting in one of their command posts, teaching them English. Yes, you’d get confused and borrow one of their uniforms, and you’d lend them one of yours. Sure, that’s just what would happen. You’d get things so scrambled up nobody would know who to fight any more. You’d make a mess, a terrible mess, Finny, out of the war.

The fact that so many young men and women enter the teaching profession shows that there are still some people willing to scrape along on comparatively little money for the pleasure of following an occupation in which they delight.

There’s pressure to recycle, pay higher taxes, not travel on planes, avoid products manufactured by enslaved children, stop borrowing money we can’t pay back, stop lending money to people who won’t pay it back, and abstain from tuna.

Lending Out Books You're always giving, my therapist said. You have to learn how to take. Whenever you meet a woman, the first thing you do is lend her your books. You think she'll have to see you again in order to return them. But what happens is, she doesn't have the time to read them, & she's afraid if she sees you again you'll expect her to talk about them, & will want to lend her even more. So she cancels the date. You end up losing a lot of books. You should borrow hers.

... nature has arranged that when you overcome a given inertia the resulting momentum is proportionate. If I were to begin borrowing money I would end by devising means of persuading the Secretary of the Treasury to lend me the gold reserve.

And also, the watch heard them talk of one Deformed: they say he wears a key in his ear and a lock hanging by it, and borrows money in God’s name, the which he hath used so long and never paid, that now men grow hard-hearted, and will lend nothing for God’s sake.

The thing about magic is everyone wants to own some, most so badly they’re willing to beg and borrow and steal it from whomever they can. But the truth is unless you own your own magic you’ll be destroyed by it; whether you lend its power to others or use what isn’t yours doesn’t matter.

What this means is that the entire business model for something like Chase’s credit card business is not much more than a gigantic welfare fraud scheme. These companies borrow hundreds of billions of dollars from the Fed at rock-bottom rates, then turn around and lend it out to the world at 5, 10, 15, 20 percent, as credit cards and mortgages, boat loans and aircraft loans, and so on. If you pay it back, great, it’s a 500 percent or 1,000 percent or 4,000 percent profit for the bank. If you don’t pay it back, the company can put your name in the hopper to be sued. A $5,000 debt on a credit card for the now-defunct Circuit City, which was actually a Chase card, became a $13,000 or $14,000 debt by the time the bank finished applying fees and penalties. Just like a welfare application, you have to read the fine print. “They make more on lawsuits than they make on credit interest,” says Linda.

You remember my dream?” she asked. “For some reason, I do.” “Even though it’s someone else’s dream?” “Dreams are the kind of things you can—when you need to—borrow and lend out,” I said. I really do overplay these sayings sometimes. “That’s a wonderful idea,” she said. The smile still graced her face.

Whence are we, and why are we? of what scene The actors or spectators? Great and mean Meet massed in death, who lends what life must borrow. As long as skies are blue and fields are green, Evening must usher night, night urge the morrow, Month follow month with woe, and year wake year to sorrow. - Adonais

It is unimpressive to not return what’s been borrowed. Whether you have borrowed money, folding chairs, yard tools, or a popular book, always make sure you return to another person what is rightfully theirs. Lending it to you in the first place was a gift of trust and assistance. Being slow to give back in return may be considered rude.

When the central bank manipulates the interest rate lower than the market clearing price by directing banks to create more money by lending, they are at once reducing the amount of savings available in society and increasing the quantity demanded by borrowers while also directing the borrowed capital toward projects which cannot be completed.

It's often been observed that the major religions can give no convincing account of Paradise. They do much better in representing Hell; indeed one of the early Christian dogmatists, Tertullian, borrowed the vividness of the latter to lend point to the former. Among the delights of Heaven, he decided, would be the contemplation of the tortures of the damned.

In Bangladesh, if a woman, even a rich woman, wants to borrow money from a bank, the manager will ask her, ‘Did you discuss this with your husband?’ And if she answers, ‘Yes,’ the manager will say, ‘Is he supportive of your proposal?’ If the answer is still, ‘Yes,’ he will say, ‘Would you please bring your husband along so that we can discuss it with him?’ But no manager would ever ask a prospective male borrower whether he has discussed the idea of a loan

I knew that our minutes were numbered, but I didn't dare count them, just as I knew where all this was headed, but didn't care to read the mileposts. This was a time when I intentionally failed to drop bread crumbs for my return journey; instead, I ate them. (...) I suddenly realized that we were on borrowed time, that time is always borrowed, and that the lending agency exacts its premium precisely when we are least prepared to pay and need to borrow more.

The real force that pushed history to breakneck velocity […] was not the share market. Share markets were simply not liquid enough to bankroll Edison-sized ambitions. At the turn of the 20th century […] neither the banks nor the share markets could raise the kind of money needed to build all those power stations, grids, factories and distribution networks. To get those vast projects off the ground, what was required was an equivalently-sized network of credit. Hand-in-hand, shareholding and technology led to the creation of shareholder-owned mega banks, willing to lend to the new mega firms by generating a new kind of mega debt. This took the form of vast overdraft facilities for the Thomas Edisons and the Henry Fords of the world. Of course, the money they were lent did not actually exist… yet. Rather, it was as if they were borrowing the future profits of their mega firms in order to fund those mega firms’ construction.

You may well ask: when the bubble finally burst, why did we not let the bankers crash and burn? Why weren't they held accountable for their absurd debts? For two reasons. First because the payment system - the simple means of transferring money from one account to another and on which every transaction relies - is monopolised by the very same bankers who were making the bets. Imagine having gifted your arteries and veins to a gambler. The moment he loses big at the casino, he can blackmail you for anything you have simply by threatening to cut off your circulation. Second, because the financiers' gambles contained deep inside the title deeds to the houses of the majority. A full-scale financial market collapse could therefore lead to mass homelessness and a complete breakdown in the social contract. Don't be surprised that the high and mighty financiers of Wall Street would bother financialising the modest homes of poor people. Having borrowed as much as they could off banks and rich clients in order to place their crazy bets, they craved more since the more they bet, the more they made. So they created more debt from scratch to use as raw materials for more bets. How? By lending to impecunious blue collar worker who dreamed of the security of one day owning their own home. What if these little people could not actually afford their mortgage in the medium term? In contrast to bankers of old, the Jills and the Jacks who actually leant them the money did not care if the repayments were made because they never intended to collect. Instead, having granted the mortgage, they put it into their computerised grinder, chopped it up literally into tiny pieces of debt and repackaged them into one of their labyrinthine derivatives which they would then sell at a profit. By the time the poor homeowner had defaulted and their home was repossessed, the financier who granted the loan in the first place had long since moved on.

The sudden introduction of these magic mortgage bonds into the marketplace pushed most every major institutional investor in the world to suddenly become consumed with the desire to lend money to American home borrowers, even if they didn’t know to whom exactly they were lending or how exactly these borrowers were qualifying for their home loans. As a result of this lunatic process, houses in middle- and lower-income neighborhoods from Fresno to the Jersey Shore became jammed full of new home borrowers, millions and millions of them, who in many cases were not equal to the task of making their monthly payments. The situation was tenable so long as housing prices kept rising and these teeming new populations of home borrowers could keep their heads above water, selling or refinancing their way out of trouble if need be. But the instant the arrow began tilting downward, this rapidly expanding death-balloon of phony real estate value inevitably had to—and did—explode.

This does not mean that the state necessarily creates money. Money is credit, it can be brought into being by private contractual agreements (loans, for instance). The state merely enforces the agreement and dictates the legal terms. Hence Keynes’ next dramatic assertion: that banks create money, and that there is no intrinsic limit to their ability to do so: since however much they lend, the borrower will have no choice but to put the money back into some bank again, and thus, from the perspective of the banking system as a whole, the total number of debits and credits will always cancel out.29 The implications were radical, but Keynes himself was not. In the end, he was always careful to frame the problem in a way that could be reintegrated into the mainstream economics of his day.

4. Radicalism of forms. If a new model once created meets with much success on account of its greater efficiency than its predecessor, it lends certain neighbouring forms a formal radicalism, which attempts to borrow from the appearance of the new form: for example, bronze tools that had reached the furthest development of their utility had a disastrous influence on stone tools, warping them toward an elegance that could only be attained in bronze. Today aviation has imposed its aerodynamic forms even on baby strollers and irons. This radicalism of forms is a result of the fact that people become bored when they do not find some unexpected element in the familiar. This radicalism might seem illogical, as the advocates of standardization believe, but we must not forget that discovery is only made possible by this need of humanity.

When you have a problem with an adult—say, for example, you have a friend who's always borrowing things and returning them late or broken or not at all—you probably don't think about how you can punish that person. You think about how to respectfully protect yourself. You don't say, "Now that you've given me back my jacket with a stain on it, and broken the side mirror off my car, I'm going to . . . slap you." That would be assault. Or ". . . lock you in your room for an hour." That would be imprisonment. Or ". . . take away your smart phone." That would be theft. You'd probably say something like, "I don't feel comfortable lending you clothes anymore. I get very upset when they come back damaged. And, I can't lend you my car, which I just got repaired. I need to have it in working condition. In fact, I'd appreciate some help with the repair bill!

Still, it became a big challenge to train our bank workers to overcome opposition from political and religious leaders without endangering their safety and that of the women they were serving. We tried a variety of techniques, and after a few years we learned that our staff members should quietly go about their business in one tiny corner of the village. If just a handful of desperate women make a leap of faith and join Grameen, everything changes. They get their money, start to earn additional income, and nothing terrible happens to them. Others begin to show interest. We find that borrowing groups form quickly after the initial period of resistance. When the ice finally breaks, women who originally said no to us begin to say, “Why not? I need money, too. In fact, I need the money more desperately than those who already joined. And I can make better use of it!” Gradually people come to accept us, and opposition dies off. But in every new village, it is a battle to begin. After

How did we define “poverty-free”? After interviewing many borrowers about what a poverty-free life meant to them, we developed a set of ten indicators that our staff and outside evaluators could use to measure whether a family in rural Bangladesh lived a poverty-free life. These indicators are: (1) having a house with a tin roof; (2) having beds or cots for all members of the family; (3) having access to safe drinking water; (4) having access to a sanitary latrine; (5) having all school-age children attending school; (6) having sufficient warm clothing for the winter; (7) having mosquito nets; (8) having a home vegetable garden; (9) having no food shortages, even during the most difficult time of a very difficult year; and (10) having sufficient income-earning opportunities for all adult members of the family. We will be monitoring these criteria on our own and are inviting local and international researchers to help us track our successes and setbacks as we head toward our goal of a poverty-free Bangladesh.

I have had so many Dwellings, Nat, that I know these Streets as well as a strowling Beggar: I was born in this Nest of Death and Contagion and now, as they say, I have learned to feather it. When first I was with Sir Chris. I found lodgings in Phenix Street off Hogg Lane, close by St Giles and Tottenham Fields, and then in later times I was lodged at the corner of Queen Street and Thames Street, next to the Blew Posts in Cheapside. (It is still there, said Nat stirring up from his Seat, I have passed it!) In the time before the Fire, Nat, most of the buildings in London were made of timber and plaister, and stones were so cheap that a man might have a cart-load of them for six-pence or seven-pence; but now, like the Aegyptians, we are all for Stone. (And Nat broke in, I am for Stone!) The common sort of People gawp at the prodigious Rate of Building and exclaim to each other London is now another City or that House was not there Yesterday or the Situacion of the Streets is quite Changd (I contemn them when they say such things! Nat adds). But this Capital City of the World of Affliction is still the Capitol of Darknesse, or the Dungeon of Man's Desires: still in the Centre are no proper Streets nor Houses but a Wilderness of dirty rotten Sheds, allways tumbling or takeing Fire, with winding crooked passages, lakes of Mire and rills of stinking Mud, as befits the smokey grove of Moloch. (I have heard of that Gentleman, says Nat all a quiver). It is true that in what we call the Out-parts there are numberless ranges of new Buildings: in my old Black-Eagle Street, Nat, tenements have been rais'd and where my Mother and Father stared without understanding at their Destroyer (Death! he cryed) new-built Chambers swarm with life. But what a Chaos and Confusion is there: meer fields of Grass give way to crooked Passages and quiet Lanes to smoking Factors, and these new Houses, commonly built by the London workmen, are often burning and frequently tumbling down (I saw one, says he, I saw one tumbling!). Thus London grows more Monstrous, Straggling and out of all Shape: in this Hive of Noise and Ignorance, Nat, we are tyed to the World as to a sensible Carcasse and as we cross the stinking Body we call out What News? or What's a clock? And thus do I pass my Days a stranger to mankind. I'll not be a Stander-by, but you will not see me pass among them in the World. (You will disquiet your self, Master, says Nat coming towards me). And what a World is it, of Tricking and Bartering, Buying and Selling, Borrowing and Lending, Paying and Receiving; when I walk among the Piss and Sir-reverence of the Streets I hear, Money makes the old Wife trot, Money makes the Mare to go (and Nat adds, What Words won't do, Gold will). What is their God but shineing Dirt and to sing its Devotions come the Westminster-Hall-whores, the Charing-cross whores, the Whitehall whores, the Channel-row whores, the Strand whores, the Fleet Street whores, the Temple-bar whores; and they are followed in the same Catch by the Riband weavers, the Silver-lace makers, the Upholsterers, the Cabinet-makers, Watermen, Carmen, Porters, Plaisterers, Lightemen, Footmen, Shopkeepers, Journey-men... and my Voice grew faint through the Curtain of my Pain.

In the immediate postbubble period, the wealth effect of asset price movements has a bigger impact on economic growth rates than monetary policy does. People tend to underestimate the size of this effect. In the early stages of a bubble bursting, when stock prices fall and earnings have not yet declined, people mistakenly judge the decline to be a buying opportunity and find stocks cheap in relation to both past earnings and expected earnings, failing to account for the amount of decline in earnings that is likely to result from what’s to come. But the reversal is self-reinforcing. As wealth falls first and incomes fall later, creditworthiness worsens, which constricts lending activity, which hurts spending and lowers investment rates while also making it less appealing to borrow to buy financial assets. This in turn worsens the fundamentals of the asset (e.g., the weaker economic activity leads corporate earnings to chronically disappoint), leading people to sell and driving down prices further. This has an accelerating downward impact on asset prices, income, and wealth.

So far as variations in the objective exchange-value of money are foreseen, they influence the terms of credit transactions. If a future fall in the purchasing power of the monetary unit has to be reckoned with, lenders must be prepared for the fact that the sum of money which a debtor repays at the conclusion of the transaction will have a smaller purchasing power than the sum originally lent. Lenders, in fact, would do better not to lend at all, but to buy other goods with their money. The contrary is true for debtors. If they buy commodities with the money they have borrowed and sell them again after a time, they will retain a surplus over and above the sum that they have to pay back. The credit transaction results in a gain for them. Consequently it is not difficult to understand that, so long as continued depreciation is to be reckoned with, those who lend money demand higher rates of interest and those who borrow money are willing to pay the higher rates. If, on the other hand, it is expected that the value of money will increase, then the rate of interest will be lower than it would otherwise have been.

Let’s assume for a moment that we are starting to write a novel using Fred’s goal of wanting desperately to be first to climb the mountain. The reader now forms his story question. But the story has to start someplace, and it has to show dynamic forward movement. Let’s further assume, then, that Fred comes up with a game plan for his quest. He decides that his first step must be to borrow sufficient money to equip his expedition. So he walks into the Ninth District Bank of Cincinnati, sits down with Mr. Greenback, the loan officer, and boldly states his goal, thus: “Mr. Greenback, I want to be first to climb the mountain. But I must have capital to fund my expedition. Therefore I am here to convince you that you should lend me $75,000.” At this point, the reader sees clearly that this short-term goal relates importantly to the long-term story goal and the story question. So just as he formed a story question, the reader now forms a scene question, which again is a rewording of the goal statement: “Will Fred get the loan?” Here is a note so important that I want to set it off typographically: The scene question cannot be some vague, philosophical one such as, “Are bankers nice?” or “What motivates people like Fred?” The question is specific, relates to a definite, immediate goal, and can be answered with a simple yes or no.

Perhaps the Hungarian humorist Ferencz Karinthy captures the spirit of the situation best in a tableau about a bored businessman who amuses himself by looking through high-powered binoculars from his office high in a skyscraper into neighbouring office rooms. On one occasion he spies a middle-aged executive chasing a comely secretary around his desk. As it happens the observers knows the building in which this drama is taking place and can even make out the name of the occupant from the plaque on his desk. He consults the telephone directory and gives the culprit, who is still trying to force his attentions on the secretary, a ring. When the culprit answers the telephone the observer announces himself as God Almighty and tells him to stop molesting the young woman in his employ. The culprit, thunderstruck and unable to account fo the observer's exact knowledge of what has been going on, fall son his knees in a paroxysm of fear and wonder and begs forgiveness. The observer roundly berates the culprit who swears he will do anything to make amends and promises never to sin again. Hereupon the observer informs the culprit that he can indeed make amends by lending him 100 pengo [dollars]. The answer, of course is a burst of profanity and the abrupt termination of the call. Karinthy then draws his moral: if you want to play God don't try to borrow money...

Kay suffered from a congenital lack of energy, and after taking books out of W.H. Smith's lending libraries in Swindon and Marlborough she would succumb to a mysterious, destructive lassitude which prevented her from returning them until long after the dates written on the little tickets dangling reproachfully from their spines. Conscious of having incurred a debt which mounted terrifyingly with every day that went by, and unable to compute with even approximate accuracy the sum of the fines to which she might eventually be liable, she would postpone their settlement yet further. When at last Kay feared that some river of no return had been fatally crossed, she judged it too much to much of a risk to be seen passing W.H. Smith's shop windows in either town, and to escape notice, recognition and exposure she would condemn herself to inconvenient detours, dodging down side alleys or hiding behind traffic in the main streets except on safe Sundays and early-closing afternoons. Most of the borrowed books did in the end find their way back to the libraries(sometimes conveyed there by me) but one of her favourites - Without My Cloak by Kate O'Brien - still remained in her possession. Kay's sense of guilt at having in effect stolen Without My Cloak had become so overwhelming that she now refused to visit Marlborough or Swindon at all unless she was covered up in some sort of wrap as a token disguise - in fact(I made myself laugh at the thought as I waited for the hours to pass in my lonely dark hilltop watch) in those places she was never without her cloak!

Dear Borrowed Time, Why do you tease me? It seems like you give me a teeny weenie bit of light for a moment, and then, within the blink of an eye, you blow the light out in less than a second. Then I am left in the dark without a trace of light. What have I done for you to hate me so much? After all, and truth be told, I didn’t ask to be here. You put me here. Do you enjoy my suffering? It seems like you do because every step I take is difficult. You never spare me grace or a grain of mercy. Why do I have to be the one who borrows time as opposed to having time given to me fairly? When I look around, I see people enjoying life and the time that is given to them. It doesn’t seem like they are on borrowed time, but I notice I am. One would say, no, you have the same amount of time, just like everyone else. No, that is not true. The time that is given to me ticks by quickly and runs out faster than it ticks. Borrowed time, have you noticed that I was treated like trash as I was dumped here and there, or wherever they could place me? Did you notice that I didn’t stay in a home long because I was on borrowed time? Time wasn’t given to me because I was never given the ‘time’ to get to know anyone. I guess not, because I was and still am on borrowed time. I am sitting in a tree looking at the clock. The long hand never lends its hand to spare me more time. Instead, it takes more time away than it gives. The short hand always short-changed me on time and my life as well. And the second hand, oh, it is the worst!. It is a make-it-or-break-it moment. As it quickly ticks ... ticks ... ticks ... it slams the door in my face faster than it opened. Borrowed time, I want to be treated as fairly as anyone else. I hope one day you will favor me. If not, I have to continue to live on borrowed time until my time runs out completely. Time is never on my side.

How is money created? An example: You buy a house or take out a mortgage on the excess value of your property. You want 200,000 Dollars. The following happens. The bank’s computer adds these virtual numbers - because that is what they are - to your bank account, and then you have to bleed for the next 30 years, WITH INTEREST. The bank attached a fictional number to your name and for 30 years you need to work to pay the money back. The bank didn’t build your house, nor did it pay for the materials. That was done by people like you and me. They too have to pay, because they also have a mortgage. And when you die, your kids will have to pay taxes on your estate. Often, they have to take out a mortgage of their own to do so[74]. Another example of how banks create money out of nothing: You go to the bank to lend 1,000 Dollars. One year later, you have to pay 1,100 Dollars back, including interest. The additional 100 Dollars come from fellow citizens, for instance in the form of wages or profit sharing. In other words, the extra 100 Dollars come from society. This can only happen when the total amount of money in circulation increases. That increase – inflation – is created when the bank creates more money. In other words: “Interest payments are a direct way to create money.” All the money that exists comes from the bank. This remarkable phenomenon has been described as follows by Mr. Robert Hemphill, Credit Manager of the Federal Reserve Bank in Atlanta: “If all the bank loans were paid, there would not be a dollar in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible - but there it is.”[75]

Between 2003 and 2008, Iceland’s three main banks, Glitnir, Kaupthing and Landsbanki, borrowed over $140 billion, a figure equal to ten times the country’s GDP, dwarfing its central bank’s $2.5 billion reserves. A handful of entrepreneurs, egged on by their then government, embarked on an unprecedented international spending binge, buying everything from Danish department stores to West Ham Football Club, while a sizeable proportion of the rest of the adult population enthusiastically embraced the kind of cockamamie financial strategies usually only mooted in Nigerian spam emails – taking out loans in Japanese Yen, for example, or mortgaging their houses in Swiss francs. One minute the Icelanders were up to their waists in fish guts, the next they they were weighing up the options lists on their new Porsche Cayennes. The tales of un-Nordic excess are legion: Elton John was flown in to sing one song at a birthday party; private jets were booked like they were taxis; people thought nothing of spending £5,000 on bottles of single malt whisky, or £100,000 on hunting weekends in the English countryside. The chief executive of the London arm of Kaupthing hired the Natural History Museum for a party, with Tom Jones providing the entertainment, and, by all accounts, Reykjavik’s actual snow was augmented by a blizzard of the Colombian variety. The collapse of Lehman Brothers in late 2008 exposed Iceland’s debts which, at one point, were said to be around 850 per cent of GDP (compared with the US’s 350 per cent), and set off a chain reaction which resulted in the krona plummeting to almost half its value. By this stage Iceland’s banks were lending money to their own shareholders so that they could buy shares in . . . those very same Icelandic banks. I am no Paul Krugman, but even I can see that this was hardly a sustainable business model. The government didn’t have the money to cover its banks’ debts. It was forced to withdraw the krona from currency markets and accept loans totalling £4 billion from the IMF, and from other countries. Even the little Faroe Islands forked out £33 million, which must have been especially humiliating for the Icelanders. Interest rates peaked at 18 per cent. The stock market dropped 77 per cent; inflation hit 20 per cent; and the krona dropped 80 per cent. Depending who you listen to, the country’s total debt ended up somewhere between £13 billion and £63 billion, or, to put it another way, anything from £38,000 to £210,000 for each and every Icelander.

If it was that easy, your father would have told you himself. This-like any real truth-must be discovered on your own. Honestly, I have no idea what your father might have told you. I do know he felt you were too optimistic, too naïve, and Royce is … well … not. At our last meeting, I spoke to him of Royce. It was Danbury’s idea-his last wish-that if I ever found his wayward son, I should introduce the two of you. I think he felt Royce could provide you with that last piece of the puzzle, the one thing he failed to give you. Consider it one last chicken test if you will, one whose lesson you might not see the virtue of just yet.” The professor stroked his beard around the edges of his mouth. “I suspect you have regrets at how you left home. Guilt perhaps. This is your chance to ease that feeling. This is the door your father left open for you. Besides, you don’t need to marry Royce-just accept this single assignment.” “What assignment?” Hadrian asked. “I need for you to fetch me a book. It’s a journal written by a former professor here at the university.” “He means he wants us to steal a book.” Royce had picked up what looked to be a six-inch incisor from a bear and was rolling it between his hands. “More like borrow without permission,” Arcadius expl-ained. “Can’t you just ask, especially since you only want to borrow it?” Hadrian said. “I’m afraid that won’t be possible. First, it would be heretical to read this book, and second, the owner doesn’t lend his things. In fact, the owner has lived his entire life sealed off from the entire world.” “Who are we talking about here?” “The head of the Nyphron Church, his supreme holiness, the Patriarch Nilnev.” Hadrian laughed. “The Patriarch? The Patriarch?” The old man didn’t look amused. “At last count there was still just the one.” Hadrian continued to chuckle, shaking his head as he walked in a small circle, stepping carefully to avoid islands of books. “Honestly, did you really have to go that far?” “How do you mean?” “Couldn’t you have demanded we steal the moon away from the stars? Why not request I help abduct the daughter of the Lord God Maribor?” “Maribor doesn’t have a daughter,” Arcadius replied without a hint of humor. “Well, that explains it, then.” Royce smiled. “I’m starting to like him.” “And I don’t trust you ,” Hadrian said. Royce nodded approvingly. “That’s the smartest thing I’ve heard you say yet. You might be right, old man. I think I’ve already been a good influence on him.

the EZ crisis should not be thought of as a sovereign debt crisis. The nations that ended up with bailouts were not those with the highest debt-to-GDP ratios. Belgium and Italy sailed into the crisis with public debts of about 100% of GDP and yet did not end up with IMF programmes, while Ireland and Spain, with ratios of just 40%, (admittedly kept artificially low by large tax revenues associated with the real estate bubble) needed bailouts. The key was foreign borrowing. Many of the nations that ran current account deficits – and thus were relying of foreign lending – suffered; none of those running current account surpluses were hit.

Hayder didn’t bother checking the time when he left the condo. He banged on the closest door and waited with arms crossed, foot tapping. It opened a moment later on a tousled-hair Luna, who scowled. “What do you want?” “A lifetime supply of porterhouse steaks in my freezer.” Like duh. What feline wouldn’t? “Smartass.” “Thank you. I knew those IQ tests I took in college were wrong. But enough of my mental greatness, I need a favor.” “I am not lending you my eighties greatest hits CDs again to use for skeet practice,” she grumbled. “That’s not a favor. That’s just making the world a better place. No, I need you to watch Arabella’s place while I talk to the boss about her situation.” Obviously the rumor mill had been busy because Luna didn’t question what he meant. “You really think those wolves would be stupid enough to try something here?” Luna slapped her forehead. “Duh. Of course they are. Must be something in their processed dog food that inhibits their brain processes.” “One, while I agree that pack is mentally defective, you might want to refrain from calling them dogs or bitches or any other nasty names in the near future.” “Why? Aren’t you the one who coined the phrase ‘ass-licking, eau de toilette fleabags’?” Ah yes, one of his brighter inspirations after a few too many shots of tequila. “Yeah. But that was in the past. If I’m going to be mated to a wolf—” “Whoa there, big guy. Back up. Mated? As in”— Luna hummed the wedding march—“ dum-dum-dum-dum.” Hayder fought not to wince. Knowing he’d found the one and admitting it in such final terms were two different things. “Yes, mated. To Arabella.” “The girl who is allergic to you?” Luna needed the wall to hold her up as she laughed. And laughed. Then cried as she laughed. Irritated, Hayder tapped a foot and frowned. It just made her laugh all the harder. “It isn’t that funny.” “Says you.” Luna snorted, wiping a hand across her eyes to swipe the tears. “Oh, wait until the girls hear this.” “Could we hold off on that? It might help if I got Arabella to agree first.” Which, given her past and state of mind, wasn’t a sure thing. “You’re killing me here, Hayder. This is big news. Real big.” “I’ll let you borrow my treadmill.” Damned thing was nothing more than a clothes rack in his room. Indoor running just couldn’t beat the fresh adrenaline of an outdoor sprint. “Really big news,” she emphasized. He sighed. “Fine. You can borrow my car. But don’t you dare leave any fast food wrappers in it like last time.” “Who, me?” The innocent bat of her lashes didn’t fool him one bit.

Borrowing from a friend seemed like the simplest option, but I valued my handful of friends too much to risk losing them over money. As my father used to say: “There are two sure ways to lose a friend, one is to borrow, the other to lend.

He has tried to end his life twice. Once Archie brought him back. Now I have done the same. We have interfered in what doesn’t concern us. He belongs to himself and is at his own disposal. Or else what are we?’ Richard Crawford, his brother’s wrist in his hand, laid it down gently and turned to him. ‘We are,’ he said, ‘at least no less than the animals. We are members of a race, and of a kingdom, and of a family. The world has borrowed his strength often enough: can we not lend him ours when he needs it?

I don’t see Faith or my sister. You here by yourself?” “Faith went to West & Riley’s. You watch. She’ll be back with enough food for everyone.” Curt surveyed the size of the crowd. “I’d better go help. She can’t carry all that alone.” “She’s not alone. That Baxter fellow borrowed a wagon and took her over there.” “Did the cooperage close for the day?” As soon as Curt voiced the question, he realized how churlish he sounded. Judge Lindberg gave him a knowing grin. “There’s nothing stopping you from lending a hand. Don’t want Baxter to think he’s got a claim on her.” “Good idea.