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<blockquote data-quote="hurleyjd" data-source="post: 1430609" data-attributes="member: 4674"><p>I think and probable wrong that the largest part US debt is owed to Americans through trust funds that money was taken from and interest bearing notes replaced to be paid at a later date. Trust funds such as Social Security, military pensions government pensions and any where money that was set aside for future pay outs. My wife and I own a pretty good sized investment in Savings bonds we have accumulated over the years. We have some that are matured and we cash them and the next quarter the interest is greater on the rest we own after cashing. Some are paying in the 6 percent range.</p><p>I would like to add that in 1985 we cashed $30000 bonds to build a diary barn that is being over grown with trees. Not much demand for a family sized diary. Only 108 acres with about 20 percent in woods.</p><p>The rest of the bonds date back to 1984 and there has been a 170 percent gain in value over what we paid for them.</p></blockquote><p></p>
[QUOTE="hurleyjd, post: 1430609, member: 4674"] I think and probable wrong that the largest part US debt is owed to Americans through trust funds that money was taken from and interest bearing notes replaced to be paid at a later date. Trust funds such as Social Security, military pensions government pensions and any where money that was set aside for future pay outs. My wife and I own a pretty good sized investment in Savings bonds we have accumulated over the years. We have some that are matured and we cash them and the next quarter the interest is greater on the rest we own after cashing. Some are paying in the 6 percent range. I would like to add that in 1985 we cashed $30000 bonds to build a diary barn that is being over grown with trees. Not much demand for a family sized diary. Only 108 acres with about 20 percent in woods. The rest of the bonds date back to 1984 and there has been a 170 percent gain in value over what we paid for them. [/QUOTE]
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