|
|
Post by walnut on Dec 11, 2021 4:41:26 GMT
By the way that's a logarithmic scaled chart. The truth is even scarier than that appears. |
|
|
|
Post by code on Dec 11, 2021 18:42:43 GMT
|
|
|
|
Post by missouriboy on Dec 12, 2021 18:51:51 GMT
|
|
|
|
Post by code on Dec 15, 2021 1:38:50 GMT
|
|
|
|
Post by ratty on Dec 15, 2021 5:56:34 GMT
What is the new debt limit? |
|
|
|
Post by Sigurdur on Dec 15, 2021 13:44:14 GMT
32ish trillion
|
|
|
|
Post by glennkoks on Dec 15, 2021 15:24:30 GMT
So borrowing more money, with interest, that has to be paid back by future generations to pay your current bills is considered "fiscal responsibility" in Washington nowadays? In the real world we all know what happens when you start paying your bills with a credit card...
|
|
|
|
Post by code on Dec 15, 2021 18:56:12 GMT
|
|
|
|
Post by walnut on Dec 15, 2021 22:50:38 GMT
Why would the government even offer this? |
|
|
|
Post by missouriboy on Dec 15, 2021 23:29:07 GMT
Why would the government even offer this? Because Joey loves us Walnut.  |
|
|
|
Post by Sigurdur on Dec 16, 2021 3:23:56 GMT
|
|
|
|
Post by duwayne on Dec 16, 2021 20:22:08 GMT
This will give you some idea of how IBonds have performed over time.
I've bought IBonds off and on since October of 2000. Here's a snapshot from my current monthly report which shows the current interest rate for the 30-year 10/2000 bonds. Interest is reinvested. I purchased 6 $10,000 bonds. They mature in October 2030. The total interest to date for each bond is $23,540 giving a total current value per bond of $33,540. (The number on the far left is the serial number of the bond and I've cut off all but the last 4 digits.
Here's my recent (monthly) report for the bonds purchased in June 2001. It's hard to beat the 10.23% current rate on these bonds. But that's just the rate for the next 6 months.
We bought bonds throughout the 2000- 2003 period, Here's the report for the bonds purchased in 2003. At that time you were limited to $10,000 per owner. We bought bonds in my and my wife's name and in our joint names.
These were our last purchases.
I almost forgot. We bought the bonds at our bank on our credit card and were able to keep the money refunded by the credit card company.
|
|
|
|
Post by code on Dec 17, 2021 21:55:19 GMT
|
|
|
|
Post by ratty on Dec 18, 2021 6:11:22 GMT
[ Snip ] These were our last purchases. I almost forgot. We bought the bonds at our bank on our credit card and were able to keep the money refunded by the credit card company.money refunded by the credit card company?? Is that a miracle? |
|
|
|
Post by duwayne on Dec 18, 2021 16:29:17 GMT
[ Snip ] These were our last purchases. I almost forgot. We bought the bonds at our bank on our credit card and were able to keep the money refunded by the credit card company.money refunded by the credit card company?? Is that a miracle? Ratty, the rules change, but I purchased the IBonds with a credit card and my credit card company gave a 1% rebate on all purchases in 2003. Now my Fidelity card gives a 2% rebate. I don't know if credit card purchases are currently allowed.
Do you get credit card rebates in Australia?
|
|
