Buy US Debt or Lose Your Savings to the Banks
Charles Schwab
The war on your savings & retirement continues. In a stunning move, Charles Schwab has started informing its clients that “at least 80% of the fund’s net assets will be invested solely in U.S. government securities…” and removed from money market funds.
In other words, Schwab is the first of many brokerages to cave to alarming government pressure and begin permanently unwinding trillions in money market-funds, rotating them into government debt.
Why? Because our insolvent government needs YOU to finance its unsustainable $20 trillion debt. Luckily, there’s still one way to protect your savings & retirement before the entire house of cards crashes down.
My comments: The US Government's Immoral Debt overhangs the entire economy. Obama's Legacy is one of enormous Debt.
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