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Yeah, He hates unions……
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<blockquote data-quote="TearsInRain" data-source="post: 5466845" data-attributes="member: 24487"><p>"The final regulation, however, significantly expands the ability of plans to invest SFA in securities other than investment-grade corporate bonds, allowing up to 33% of SFA to be invested in “return-seeking assets” (“RSAs”). RSAs include: U.S. Treasury securities with less than one year to maturity date"</p><p></p><p>basically they're going to "bail them out" by forcing them to buy US treasuries which conveniently need to be bought in large quantities right now to keep the Fed solvent</p><p></p><p></p><p>This is called financial repression, it's how we will avoid hyperinflation and pay the debt long term, but it does it by draining the old and middle class of any future wealth; those pensions will be "solvent" except the assets will be nearly worthless and the pensioners will be in bread lines</p></blockquote><p></p>
[QUOTE="TearsInRain, post: 5466845, member: 24487"] "The final regulation, however, significantly expands the ability of plans to invest SFA in securities other than investment-grade corporate bonds, allowing up to 33% of SFA to be invested in “return-seeking assets” (“RSAs”). RSAs include: U.S. Treasury securities with less than one year to maturity date" basically they're going to "bail them out" by forcing them to buy US treasuries which conveniently need to be bought in large quantities right now to keep the Fed solvent This is called financial repression, it's how we will avoid hyperinflation and pay the debt long term, but it does it by draining the old and middle class of any future wealth; those pensions will be "solvent" except the assets will be nearly worthless and the pensioners will be in bread lines [/QUOTE]
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