The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: SeaViewer who wrote (21401)	11/5/2004 7:44:23 PM
From: benwood	of 110194

I predict that foreign investing of SS funds simply will not be permitted -- "young folks" will get eight or so pseudo mutual funds in which to invest, and the gov't will run them. They'll be new "trust funds" like mutual funds -- you buy shares with your contribution. The only odd thing will be that the gov't will short every single share purchased. They'll put the paper interest into your account, and the paper value per share will rise and fall with whatever pretend investments were made. At some point, say when the treasury is 3.7 quadrillion dollars in debt and you need to get a benefit check finally because you retired in 2020, they'll print up money and buy back the shorts in your account. Just one month's worth, of course, they won't want to get ahead of the game. Somehow and some way, they will still continue to spend ALL the surplus SS monies and they will report NONE of that theft as part of the budget deficit. But everybody can feel really secure seeing that growing number on their paperwork they get from the SS Administration.

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