Social Security -- We're Still Lying To Ourselves [The Market Ticker Ž]


RSS available Fact: There is no immunity or protection against The Law of Scoreboards. Did you know: What the media does NOT want you to read is at https://market-ticker.org/nad. You are not signed on; if you are a visitor please register for a free account!

The Market Ticker Read Message in The Market Ticker Ž

Page 15 of 38

First

Last

Social Security -- We're Still Lying To Ourselves

Ben 7k posts, incept 2009-10-09

"The $4 trillion in IOUs owed the funds could provide the reserves for a public banking system. "

Nope.

Those IOU's are worthless.

You would need real money to set up that banking system, meaning either print it or issue bonds from Treasury and increase the on-balance-sheet debt levels by $4T.

Permalink

Page 15 of 38

First

Last