The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Monday, June 06, 2011
The Treasury's Plunder Of Retirement Accounts
The Treasury has been dipping into the G-Fund and the Civil Service Retirement and Disability Fund (CSRDF). Tim Geithner has replaced one IOU (that of the Fed) with another (that of the Treasury) in the G-Fund to the tune of $57 billion and in the CSRDF of about $22 billion. I thought you retirees should be aware of what Mr. Timmy is up to. But, of course, don't worry, Timmy promises it shall all be well.
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