With the fed bailing out of buying treasuries... who is going to buy them? Easy answer is just like japan, it will be the people buying there own debt. As we all know amerika has no means other the printing to pay future debt obligation... so the debt is most assuredly guaranteed and most certainly worthless for when it will be needed. Would not be surprised if Super get forced into Australian Gov bonds sometime in the future http://www.tfmetalsreport.com/comment/380550#comment-380550 http://www.zerohedge.com/news/2014-...secure-retirement-promises-treasury-secretary Nice move FED nice move
"Would not be surprised if Super get forced into Australian Gov bonds sometime in the future" Two quotes here. "Never get between a Treasurer and a bucket of money" - komrade paul keating. "NEVER, EVER, trust the government" - Old Codger I have no doubt whatsoever that the government will in due course, as the world unravels, will look to the $1.5 TRILLION in the various Super Funds, and the $78 BILLION in the Future Fund. The tricky bit is getting at the capital in those funds. It is ALL invested somewhere, on the ASX and Wall Street, in Bonds around the world, and so on. NONE in Gold and Silver!!! If they forced the funds to flog off all the shares it would crash the ASX, so they will not do that. I expect they will pass a law to force the annual income to be channeled to OZ Bonds. At a guess, about $75 BILLION (5%) a year. Waddya reckon Joe, a good idea? OC
Joe Hockey, "Get me Old Codger on the blower! We need him to run the Future Fund, the Treasury, and the Trains, just for good measure."
But... but ... Barack is black, surely that means he's not a censored like all those white fuckers? http://www.caseyresearch.com/cdd/obama-fires-the-first-shot-on-your-retirement-account Edit to add: hey admin, you missed "fuckers" when you were censoring free speech. Edit to add: edited because the dhead can't spell speach speech :lol:
The MyRA won't amount to much money, but it will help US citizens get used to the idea of their retirement money being invested in T Bonds. Ala Argentina, Poland, etc., retirement account assets will be seized and safe T Bonds substitued. Obama has been planning this since before his first term started.
Wonder if trust law is developed and commonly understood enough for a self managed option to develop like we have, for people to stay away from what I'm calling toxic government bonds.
A self directed IRA is what I plan to do when I think the time is near. Self directed IRAs are a lot more expensive, but they allow you to hold assets outside the US.
