PolifrogBlog

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Friday, January 8, 2010

What is being pawned? Redefining 401k's

If I were Mark Levin my anger would have rendered me mute.

This interview is currently over a year old and revolves around the now current discussion of how to best redefine 401k's and IRA's mildly covered in Business Week.

The Gov. is in need of money and as Gov. debt becomes harder for it to sell, private savings are being targeted. Last year our Gov. bought 80% of the Treasury notes it issued with "data dollars". (AKA Quantitative Easing).

Why not force individuals saving for retirement with real dollars buy Gov. debt? Why not indeed! Sigh...










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