A Quote by Franz Pick

Bonds are guaranteed certificates of confiscation — © Franz Pick
Bonds are guaranteed certificates of confiscation

Quote Author

Franz Pick
Born: 1898
Wouldn't it be lovely if there were no such things as birth certificates? If I really thought I was 53, life would be much better. I'd love to blow up all the birth certificates.
We might think of dollars as being 'certificates of performance.' The better I serve my fellow man, and the higher the value he places on that service, the more certificates of performance he gives me. The more certificates I earn, the greater my claim on the goods my fellow man produces. That's the morality of the market. In order for one to have a claim on what his fellow man produces, he must first serve him.
Barry Bonds in the news. Yesterday Barry Bonds' agent said that Bonds could hit as many as 1,000 home runs. And the agent admitted he's on more drugs than Barry Bonds.
If you look at a copy of EO 11110, you will find that it does not order the issuance of Silver Certificates. It orders an amendment to EO 10289... Those functions did not include the power to issue Silver Certificates.
EO 11110 did not order the printing of Silver Certificates. It ordered the amendment of a previous executive order so that the United States Code would authorize or 'empower' the Secretary of the Treasury to issue Silver Certificates if the occasion should arise.
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.
If someone wants to transmit a high-quality service with no interruptions and 'guaranteed this, guaranteed that,' they should be willing to pay for that.
The bonds of matrimony are like any other bonds - they mature slowly.
The closest bonds we will ever know are bonds of grief. The deepest community one of sorrow.
Solitude is the place where we can connect with profound bonds that are deeper than the emergency bonds of fear and anger.
Those tax-exempt bonds were put in so that a town or a state or a government could sell more bonds than it ought to.
Social Security has never failed to pay promised benefits, and Democrats will fight to make sure that Republicans do not turn a guaranteed benefit into a guaranteed gamble.
The bonds of trust between the United States and Israel have been frayed, but even the hostility and disrespect the Obama administration has shown has not severed those bonds.
The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.
Nobody can survive alone, in this world. People have bonds, and sometimes those bonds are broken. And then, that person goes spinning off and connects with someone else.
If you're holding a championship that means something in the landscape of Japanese wrestling, you're guaranteed to get a huge feature in almost every magazine - you might even be guaranteed a front page. That's big.
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