Retiree Annuities May Be Promoted

[HomerJ]

Retiree Annuities May Be Promoted by Obama Aides – In Other Words, There’s No One Left To Buy Treasuries And Fund Our Deficit Except YOU

http://fedupusa.org/2010/01/08/retir...it-except-you/

So, what does this all mean? We shall translate:

US Treasury To Americans: To Prevent Treasury Market Collapse, We Will Force YOU To Buy Treasuries In Your Retirement Accounts

..The reality is that there is no one left to buy Treasuries and they need YOU to fund their debt. After all, China stopped buying Treasuries (funding our debt) in October 2009, but of course no one is talking about this.

Expect the procedure to look something like this:

Step 1 – Make this ‘option’ available
Step 2 – Listen to crickets
Step 3 – Crash stock market
Step 4 – We’re the government and we’re here to help. All your IRA are belong to us. Or of course, you can risk it in stocks if you want.

It’s step 5 they wont’ tell you about: Treasury market crashes, after all your money has been allocated into it. It’s exactly like herding sheep.

At this point, anyone expecting the government to be honest about their true intentions about this proposal, or anything for that matter, is woefully misguided.

emphasis mine

[south]

Let's keep borrowing to make more programs we can't afford! Brilliant!

What the hell... grabbed the .com too.