Comments on: Retirement Accounts Could Boost Treasuries http://www.citizeneconomists.com/blogs/2010/01/12/retirement-accounts-could-boost-treasuries/ Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in. Wed, 08 Feb 2012 04:44:52 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Btok http://www.citizeneconomists.com/blogs/2010/01/12/retirement-accounts-could-boost-treasuries/comment-page-1/#comment-29616 Btok Sat, 16 Jan 2010 20:48:42 +0000 http://www.citizeneconomists.com/blogs/?p=2762#comment-29616 This seems to be the year for Fraud, Embezzellment and Ponzi schemes Re: Henry Paulson, Ben Bernanke and Timothy Geithner, courtesy of the Federal Reserve! Then there is Bernie Madoff, Earl Jones and Weizhen Tang and now we've got the International Monetary Fund, Extorting money from Iceland! We need to stop this in it's tracks before it comes to a country near you! Re: January 15, 2010 Iceland may be the first Western democracy to be forced into South-American style debt-slavery. The IMF, in concert with the UK and the Netherlands, has attempted to strongarm the recently impoverished Island of 317,000 into paying over 3.6 billion pounds ($6.3bn) — $86,000 per Icelandic family — at 5.5% interest for the next generation. The money is not conventional government debt, but arises from the collapse of a private multi-national bank during the financial crisis. The issue is so serious that the entire nation will vote on the issue towards the end of February 2010. On December 30, 2009, after extraordinary diplomatic threats, Iceland’s parliament passed narrowly a bill agreeing to pay the onerous terms. Only a few months earlier parliament had agreed to the full amount, but under more reasonable conditions. The people of Iceland must be internationally supported, so they can feel safe in voting down debt-slavery. If Iceland falls, it won’t be long before other countries suffer similar financial extortion. http://en.wikipedia.org/wiki/Icesave_dispute Sign the petition Check out what Government is doing behind your back at: http://www.youtube.com/watch?v=VebOTc-7shU This seems to be the year for Fraud, Embezzellment and Ponzi schemes Re: Henry Paulson, Ben Bernanke and Timothy Geithner, courtesy of the Federal Reserve! Then there is Bernie Madoff, Earl Jones and Weizhen Tang and now we’ve got the International Monetary Fund, Extorting money from Iceland! We need to stop this in it’s tracks before it comes to a country near you! Re:

January 15, 2010
Iceland may be the first Western democracy to be forced into South-American style debt-slavery. The IMF, in concert with the UK and the Netherlands, has attempted to strongarm the recently impoverished Island of 317,000 into paying over 3.6 billion pounds ($6.3bn) — $86,000 per Icelandic family — at 5.5% interest for the next generation. The money is not conventional government debt, but arises from the collapse of a private multi-national bank during the financial crisis.
The issue is so serious that the entire nation will vote on the issue towards the end of February 2010.
On December 30, 2009, after extraordinary diplomatic threats, Iceland’s parliament passed narrowly a bill agreeing to pay the onerous terms. Only a few months earlier parliament had agreed to the full amount, but under more reasonable conditions.
The people of Iceland must be internationally supported, so they can feel safe in voting down debt-slavery. If Iceland falls, it won’t be long before other countries suffer similar financial extortion.

http://en.wikipedia.org/wiki/Icesave_dispute
Sign the petition

Check out what Government is doing behind your back at: http://www.youtube.com/watch?v=VebOTc-7shU

]]> By: Btok http://www.citizeneconomists.com/blogs/2010/01/12/retirement-accounts-could-boost-treasuries/comment-page-1/#comment-29236 Btok Wed, 13 Jan 2010 05:18:01 +0000 http://www.citizeneconomists.com/blogs/?p=2762#comment-29236 In the current hodge podge of abstract finance, it is easy to get lost in the numbers and lose sight of the forest for the trees. Which is why we provide the ultimate simplification: In calendar (not fiscal) 2009, the US grew its budget deficit by $1.47 trillion. In the same time, the Federal Reserve grew its securities holdings from $500 billion to $1.85 trillion, a $1.34 trillion increase. Keeping it simple: 91% of the budget deficit increase in 2009, under the authority of President Obama, was funded by the… United States. In the current hodge podge of abstract finance, it is easy to get lost in the numbers and lose sight of the forest for the trees. Which is why we provide the ultimate simplification: In calendar (not fiscal) 2009, the US grew its budget deficit by $1.47 trillion. In the same time, the Federal Reserve grew its securities holdings from $500 billion to $1.85 trillion, a $1.34 trillion increase. Keeping it simple: 91% of the budget deficit increase in 2009, under the authority of President Obama, was funded by the… United States.

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