I don't want euro bonds that serve to mutualize the entire debt of the countries in the euro zone. That can only work in the longer-term. I want euro bonds to be used to finance targeted investments in future-oriented growth projects. It isn't the same thing. Let's call them 'project bonds' instead of euro bonds.
See the investment world as an ocean and buy where you get the most value for your money. Right now the value is in non-callable bonds. Most bonds are callable so when they start going up in price, the debtor calls them away from you. But the non-callable bonds, especially those non-callable for 25-30 years, can go way up in price if interest rates go way down.
This is the joint responsibility of everyone who was involved in the introduction of the euro without understanding the consequences. When the euro was introduced, the regulators allowed banks to buy unlimited amounts of government bonds without setting aside any equity capital. And the European Central Bank discounted all government bonds on equal terms. So commercial banks found it advantageous to accumulate the bonds of the weaker countries to earn a few extra basis points.
Before the coming of Jesus Christ, men fled away from God and, being attached to the earth, refused to unite themselves to their Creator. But the loving God has drawn them to Himself by the bonds of love, as He promised by the prophet Osee [Hosea]: "I will draw them with the cords of Adam, with the bonds of love" (11:4). These bonds are the benefits, the lights, the calls to His love, the promises of Paradise which He makes to us, but above all, the gift which He has bestowed upon us of Jesus Christ in the Sacrifice of the Cross and in the Sacrament of the Altar...
Relationships are treated like Dixie cups. They are the same. They are disposable. If it does not work, drop it, throw it away, get another. Committed bonds (including marriage) cannot last when this is the prevailing logic. Most of us are unclear about what to do to protect and strengthen caring bonds when our self-centered needs are not being met.
Above everything else, beyond the long hardships, one out- come is the most invaluable. The sisterhoods. The lifelong friends and bonds that will never lessen. Years can go by, and I will pick up with each of those sisters as if a single day hasn't passed. Only we can truly understand one another; not even our husbands can fully grasp what we've been through with each other and how ironclad those bonds are.
But change proves that you are still alive. Change often measures our tolerance for folk different from ourselves. Can we accept their languages, their customs, their garments, and their foods into our own lives? If we can, then we form bonds, bonds that make wars less likely. If we cannot, if we believe that we must do things as we have always done them, then we must either fight to remain as we are, or die
... the Lord Jesus said, 'To those who are in bonds, Come out, and to those who are in prison, Go forth' (Isa. 49:9); so your sins are forgiven. All, then, are forgiven, nor is there any one whom He has not loosed. For thus it is written, that He has forgiven 'all transgressions, doing away with the handwriting of the ordinance that was against us' (Col. 2:13-14). Why, then, do we hold the bonds of others, while we enjoy our own remission? He, who forgave all, required of all that what every one remembers to have been forgiven to himself, he also should forgive others.
For all your long-term investments, such as retirement accounts that you won't touch for at least ten years, you need a mix of stocks and bonds. Stocks offer the best shot at inflation-beating gains. But stocks don't always go up. That's where bonds come into play: They have less upside potential, but they also do not pack the same risk.
LTCM lost money when Russia defaulted on a certain class of bonds, and then they had other investments like on the spread between two different kinds of shares of Royal Dutch Shell Oil Company. Now that seems completely unrelated to Russian bonds. But they were related because other hedge funds saw similar discrepancies and they were all making similar bets.
By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.
In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total.
G. Edward Griffin
It was obvious-to me at any rate-that the answer was to why an enzyme is able to speed up a chemical reaction by as much as 10 million times. It had to do this by lowering the energy of activation-the energy of forming the activated complex. It could do this by forming strong bonds with the activated complex, but only weak bonds with the reactants or products.
Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of love and duty. They now contribute to the support of someone else's parents out of compulsion and fear. The voluntary transfers strengthened the bonds of the family; the compulsory transfers weaken those bonds.
(Barry) Bonds' records must remain part of baseball's history. His hits happened. Erase them and there will be discrepancies in baseball's bookkeeping about the records of the pitchers who gave them up. George Orwell said that in totalitarian societies, yesterday's weather could be changed by decree. Baseball, indeed America, is not like that. Besides, the people who care about the record book - serious fans - will know how to read it. That may be Bonds' biggest worry.
... the people who, in spite of the bonds of sin which fetter them and hinder them (by constraint and by inciting them to new sins), come to Him, our Savior, with perfect repentance for tormenting Him, who despise all the strength of the fetters of sin and force themselves to break their bonds ? such people at last actually appear before the face of God made whiter than snow by His grace. 'Come, says the Lord: Though your sins be as scarlet, I will make them whiter than snow' (Isa. 1:18).
Seraphim of Sarov
Humor has been a fashioning instrument in America, cleaving its way through the national life, holding tenaciously to the spread elements of that life. Its mode has often been swift and coarse and ruthless, beyond art and beyond established civilization. It has engaged in warfare against the established heritage, against the bonds of pioneer existence. Its objective --the unconscious objective of a disunited people --has seemed to be that of creating fresh bonds, a new unity, the semblance of a society and the rounded completion of an American type.
It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer (banker), and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.
Thomas A. Edison
Seven Rules Formulated for Teaching Arithmetic: 1) Consider the situation the pupils faces. 2) Consider the response you wish to connect with. 3) Form the bond; do not expect it to come by miracle. 4) Other things being equal, form no bond that will have to be broken. 5) Other things being equal, do not form two or three bonds when one will serve. 6) Other things being equal, form bonds in the way that they are required later to act. 7) Favor, therefore, the situations which life itself will offer, and the responses which life itself will demand. (p. 101)
Edward Lee Thorndike
People wonder if it's possible to meet a person, or to just read their name out loud for the first time- and within those moments- to know them, to remember them, even if you have never met them before! Well of course this is possible and in fact, for some of us, our lives are spent reuniting with such people. There are different types of bonds. Some we have ran with, some we have swam with, others we have won battles side-by-side! And then there is the one whom we have loved. Some of us have been here so many times before- that we spend this lifetime not wasting any moments- but we spend our moments searching for those we have bonds with. And of course, searching for the one we are bound to. Our dreams at night- they contain our memories of places we think we've never even been to, of people we think we've never even met before. Of course, yes, it is possible to read a name out loud and for the vibration of that name on your lips to open up a casket filled with things that are anything but dead! Nothing dies.
C. JoyBell C.