Alan C. Posted February 5, 2014 Posted February 5, 2014 The MyRA Propaganda Begins: "A Start To A Secure Retirement" Promises Treasury Secretary Quote ...100% of any contribution goes into the account and is invested in a Treasury security. That means it will be backed by the full faith and credit of the United States, will earn the same interest rate that is available to federal employees for their retirement savings, and the balance will never go down. The balance may never go down, but what about its purchasing power?
dsayers Posted February 5, 2014 Posted February 5, 2014 On 2/5/2014 at 8:22 PM, Alan Chapman said: The balance may never go down, but what about its purchasing power? Pay no attention to the debasing of the last 200+ years; This is different!
Alan C. Posted February 6, 2014 Author Posted February 6, 2014 Peter Schiff suggested on his show that this program could become mandatory like Social Security. Argentina recently threatened "tax evaders" with prison if they refused to buy bonds.
Recommended Posts