http://www.halturnershow.com/
THEY'RE TALKING ABOUT GRABBING YOUR PENSIONS / IRA's /401k's
""Private Sector Analyst" says feds should grab ten percent of all
retirement
accounts
Wants government to use 4 Trillion to pay down debt
Once they start talking about this via the private sector, it won;t be
long
until the bankrupt politicians start talking about it.
Click Here
http://www.prweb.com/releases/2008/6/prweb961894.htm
---------------------------------------------------
US Economy is a National Security Crisis: 'US Needs to Raise $6 Trillion
and
It is Simple,' Says Visionary William Glynn
Right now, China, Russia, India and Saudi Arabia basically own the United
States. Our economy is the real target of terrorists and this is our
potential
downfall," says Glynn. His solution is transparent and uncomplicated... a
10%
solution. "If we are to prevent another Great Depression we need to pass
one
simple law: All pension plans, endowments, 401(k)s and the like will be
required to allocate 10% of their ****tfolios to buy back U.S. debt and
currency.
Atlanta, GA (PRWEB) June 6, 2008 -- According to Bill Glynn, the founder
and
Managing Director of Collective IQ www.collectiveiq.com, ranked the #1
Cor****ate Venture Capital Platform in the world, and author of "Left on
Red"
www.billyg.net the real terrorist threat to America does not come in the
form
of a suicide bomber or from Islamic extremists. Rather, the Achilles Heel
of
the United States is our economy. According to Glynn, in the aftermath of
September 11th almost a trillion dollars was wiped out of the economy, and
we
are still reeling as a result of it.
"Right now, China, Russia, India and Saudi Arabia basically own the United
States. Our economy is the real target of terrorists and this is our
potential
downfall," says Glynn. His solution is transparent and uncomplicated... a
10%
solution. "If we are to prevent another Great Depression we need to pass
one
simple law: All pension plans, endowments, 401(k)s and the like will be
required to allocate 10% of their ****tfolios to buy back U.S. debt and
currency."
Rather than seeing this as simply giving money back to the government,
it's
really a 10-year interest-free loan that has incredible benefits
With more than 40 trillion dollars currently invested in these types of
accounts, Glynn asserts that some four trillion dollars could be freed up
in a
matter of days to wipe out the national debt, buy back the $1.6 trillion
in
U.S. debt currently owned by China and more. He suggests that
approximately
one trillion dollars go into a 10-year Zero Coupon Bond with the proceeds
ultimately going back to the endowments and pension plans. "Rather than
seeing
this as simply giving money back to the government, it's really a 10-year
interest-free loan that has incredible benefits," he explains.
He believes the immediate increase in world confidence with respect to the
United States, the anticipated rise in the value of the U.S. dollar, as
well
as the boost to the overall economy would have far reaching and dramatic
impact on equity prices. "In the very near term, the 10% allocation would
almost undoubtedly be offset by a corresponding increase in the value of
the
remaining assets in these ****tfolios," Glynn continues.
If this law was enacted there would certainly be resistance at first.
However,
Glynn confidently predicts and openly challenges anyone to refute that
there
would be a massive uptick in U.S. and world markets if the National Debt
were
paid off. "It would cause one of the county's biggest celebrations:
Liberation
Day! The day the U.S. took back its economic leader****p before it is
squandered. This plan is so simple and powerful - I would be willing to
debate
any politician, pundit, talk show host or Presidential candidate on its
validity," Glynn says.
Glynn believes that we should be a nation of savers, not borrowers. He is
also
calling for an increase in the minimum wage and for 5% of all wages (up to
$50,000) to be placed into low-interest bearing "deficit or economy
bonds."
"This would create another account with a surplus of trillions of dollars
that
could be used to funnel money back into the economy for infrastructure,
social
security, health care and more. It would put America back into the hands
of
Americans... not foreign entities or governments," he concludes.
About Collective IQ:
Collective IQ is a Global Asset Management and Advisory Firm focused
exclusively on Cor****ate Venture Capital. In 2007, CIQ was ranked the top
cor****ate venture platform by the leader****p of the Strategic Venture
Association.
Collective IQ is sup****ted by one of the world's largest asset management
companies with US$ 600 billion under management. CIQ works on behalf of
its
investors and cor****ate partners to deliver superior returns and to
commercialize disruptive technologies.
About the Book "Left on Red : How to Ignite, Leverage and Build Visionary
Organizations"
Venture capitalist Bill Glynn (Billy G), ranked one of the world's top
innovators by Information Week magazine, presents an insider's view of the
way
great businesses are built.
"Left on Red" www.amazon.com reveals how visionary thinkers and
risk-takers
build great companies. Bill Glynn provides an insider's view into some of
the
world's coolest deals in a refre****ngly politically incorrect, intelligent
manner. Google, Apple, and YouTube are the products of leaders who break
the
old rules of business to bring their radical ideas to life. Armed with a
wealth of examples and innovative insights, Glynn shows entrepreneurs and
executives how to navigate a business landscape often littered with great
ideas and innovators who are unprepared to lead.
###
1997-2008, Vocus PRW Holdings, LLC.
|
