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Re: Dems Target Private Retirement Accounts

By: oldCADuser in FFFT | Recommend this post (0)
Fri, 08 Nov 13 9:38 AM | 54 view(s)
Boardmark this board | Food For Further Thought 		Msg. 57537 of 65535
(This msg. is a reply to 57532 by Zimbler0)
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So you're suggesting that if the Social Security 'trust fund' was handed over to someone like J.P. Morgan and then these same events took place, such as…

"… the government defaults on Treasury Notes..."

"…China stops buying our paper…"

"…the Saudi's (and the rest of OPEC) decide to
barter oil in something other than dollars…"

…that somehow the value of that 'trust fund' would NOT be impacted, EH?




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OCU


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The above is a reply to the following message:
Re: Dems Target Private Retirement Accounts
By: Zimbler0 in FFFT
Fri, 08 Nov 13 5:49 AM 		Msg. 57532 of 65535

OCU> I think you will find that the Social Security Administration is required by federal law to invest any annual SURPLUS into the so-called 'trust fund', which consist of Treasury Notes.


And,
if the government defaults on those Treasury Notes?

If China stops buying our paper, what happens?

If the Saudi's (and the rest of OPEC) decide to
barter oil in something other than dollars . . .
what happens?

We have a government which is seriously addicted to
debt . . . you think the rest of the world can't see it?

Zim.

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