The U.S. Treasury is injecting trillions of dollars into the financial system that is now moribund. Across the world doomsayers are predicting the collapse of the U.S. Dollar and wild inflation to follow. Yet, the secretary of the Treasury and the Chairman of the Federal Reserve appear quite sanguine at all their meetings with Congress and with the press.
Do they know something that the world does not?
The information, like all facts about the Universe, is there to see. The Treasury does not have to worry about four or five trillion dollars. There are sixteen trillion dollars sitting in bank accounts across the country waiting to be used.
WHAT IS THIS MONEY?
Your retirement accounts. IRA’s alone are worth over four trillion dollars. The remaining twelve trillion dollars are locked into Define Contribution and Defined Benefit Accounts.
It would take a simple law of Congress, signed by Mr. Obama, to pass this sixteen trillion dollars to the U.S.Treasury!
Of course, the Government would promise to pay it all back when you retire. And, the Government will decide when that retirement occurs.
Think about it