Posted on 04/25/2017 6:28:58 AM PDT by areukiddingme1
Defense bonds or War Bonds as they have become known after the Japanese attacked Pearl Harbor -- These bonds, or debt securities were used for the purpose of financing military operations during war time, the bonds yielded a mere 2.9 percent return after a 10-year maturity -- These bonds are not going to fund a retirement, but they will help fund operations current and future engagements.
I think this is a great way for President Trump to continue to use the media to get the message out, perfect opportunities would be Memorial Day rally's, 4th of July, and Veterans Day with lots of veterans, Wounded Warriors, Patriotic celebrities/singers, and politicians.
"One of the most successful single events was a 16-hour marathon radio broadcast on CBS, during which nearly $40 million worth of bonds were sold. The marathon featured singer Kate Smith, famous for her rendition of "God Bless America." Patriotism and the spirit of sacrifice could be expressed with war bond purchases. Millions jumped aboard the war bond effort.
The sports world did its part as well, holding special football and baseball games with a war bond as the price of admission. An unusual baseball game took place in New York City with the New York Yankees, the New York Giants and the Brooklyn Dodgers. Each of the teams came to bat six times in the same nine-inning game. Their final score was the Dodgers 5, Yankees 1 and the Giants 0, and the U.S. Government was $56,500,000 richer in war bond sales.
At the end of World War II, January 3, 1946, the last proceeds from the Victory War Bond campaign were deposited into the U.S. Treasury. More than 85 million Americans — half the population — purchased bonds totaling $185.7 billion. Those incredible results, due to the mass selling efforts of helping to finance the war, have never since been matched.
The Series E bond was withdrawn on June 30, 1980, when the Series EE bond replaced it, and the War Bond became history."
I do believe this would rally Patriotism once again in this country and would encourage community involvement in "the cause of freedom."
What have we got to lose?
;)
Not needed anymore, since the US government has decided it can issue bonds at non-market interest rates and then have the Federal Reserve purchase them with money it created out of thin air.
What could possibly be wrong with that??
In fact why collect any tax revenue?
Just expand the creation of money by 3-5% per year and spend it.
Anyone else here think its a bad idea to believe a promise of investment returns from fedgov?
I so wished that President George W. Bush had done something like this immediately follow the attacks of 9/11, at the point when American Patriotism was at its highest levels since WWII...So many would have had skin in the game by purchasing bonds...the rally’s would have help to cement the American resolve to “support our troops,” in my opinion.
First came the Czechs and then came the Poles
Then the Norwegians, with three million souls.
Then came the Dutch, the Belgians and France,
And then all the Balkans, with hardly a chance.
It's all in the book, if only you'll look,
It's there if you read the text.
They fell, everyone, at the point of a gun,
America mustn't be next.
Any bonds today? Bonds of freedpom are what I'm selling.
Any bonds today?
Scrape up the most you can.
Here comes the Freedom Man,
Asking you to buy a share of freedom today.
Love it!!!
“We’ll all be blessed if we invest in the USA!”
Classic line.
Thanks Fiji Hill.
Come to think of it — President Trump could use a similar tactic to fund building the wall...Hhhhhmmmm....
Great Idea! I tweeted President Trump on that. Great political theater as well - the people of the U.S. would willingly fund the Wall if Congress balks - put 'em on the spot. Typical way for him to get around an obstacle. Offer the bonds to Mexico too and watch liberal heads explode. "Wall Bonds", "War Bonds". Phonetically close enough.
Offer 1% or none and people would still buy them because they are so pist over this illegal immigration B/S.
Since Americans love gambling we should have lottery bonds like they do in Britain. Gov pays out the same amount in dividends each month but to a few people chosen at random so its a huge amount. I guarantee it will increase bond buying.
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