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Non-Cattle Specific Topics
Coffee Shop
Ever wondered...
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<blockquote data-quote="TexasBred" data-source="post: 1453901" data-attributes="member: 6897"><p>Operates much like your local bank. You pay off a note, the immediately lend the money to someone else. You redeem a treasury note, they pay you off and issue another that someone else or maybe even you may buy. Just different yield and maturity. Nothing but electronic transactions. SS is actually being smart by investing in U.S. debt. (and all this time you thought the gov't was robbing the SS fund). :lol2: :lol2:</p></blockquote><p></p>
[QUOTE="TexasBred, post: 1453901, member: 6897"] Operates much like your local bank. You pay off a note, the immediately lend the money to someone else. You redeem a treasury note, they pay you off and issue another that someone else or maybe even you may buy. Just different yield and maturity. Nothing but electronic transactions. SS is actually being smart by investing in U.S. debt. (and all this time you thought the gov't was robbing the SS fund). :lol2: :lol2: [/QUOTE]
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