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Read through the most famous quotes by topic #credit
The difference between the past and the present is that individual freedom and security no longer fall to be protected solely through the D vehicle of common-law maxims and presumptions which may be altered or repealed by statute, but are now protected by entrenched constitutional provisions which neither the Legislature nor the Executive may abridge. It would accordingly be improper for us to hold constitutional a system which, as Sachs J has noted, confers on creditors the power to consign the person of an impecunious debtor to prison at will and without the interposition at the crucial time of a judicial officer. ↗
#common-law #constitution-of-south-africa #constitutional-law #credit #debt
Were the stars out when I left the house last evening? All I could remember was the couple in the Skyline listening to Duran Duran. Stars? Who remembers stars? Come to think of it, had I even looked up at the sky recently? Had the stars been wiped out of the sky three months ago, I wouldn't have known. The only things I noticed were silver bracelets on women's wrists and popsicle sticks in potted rubber plants. There had to be something wrong with my life. I should have been born a Yugoslavian shepherd who looked up at the Big Dipper every night. No car, no car stereo, no silver bracelets, no shuffling, no dark blue tweed suits. My world foreshortened, flattening into a credit card. Seen head on, things seemed merely skewed, but from the side the view was virtually meaningless—a one-dimensional wafer. Everything about me may have been crammed in there, but it was only plastic. Indecipherable except to some machine. My first circuit must have been wearing thin. My real memories were receding into planar projection, the screen of consciousness losing all identity. ↗
America runs on credit darling. Why do you worry, our credit will take care of this payment. It is not saving or cash in hand that matters. We do not need cash, we just need potential. The system in the US believes in potential. That is the model of the future. You need not be born rich, but you should be in the league that can make it big. ↗
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. ↗