US Savings Bonds

Archive for the ‘Buy US Savings Bonds’ Category

Question: Will the increasing national debt make us a third world country?

Government programs are paid for by issuing IOUs in the form of US Treasury bonds. About 25% are owned by other nations, 25% by Americans as part of our savings, and about 50% by funded government programs such as Social Security. I think the national debt is about 10 trillion dollars, and is estimated to be increasing by 20% or even more. Is it possible that this huge increase may devalue these bonds to the point where other nations stop buying our debt, and the dollar becomes unstable, all our programs become underfunded, and our nation heads for the slop bucket?

Answer: The US has been a virtual third world country since the 70’s. I have a friend that owns 3 very expensive luxury cars, a nice big new house and has multiple diplomas and degrees. He wears a $3000 watch and $800 sunglasses. He’s a server at a restaurant. How did he afford all this? He didn’t. He borrowed. He looks rich though. How much money does he have in the bank? -$500,000. He has run out of credit now so he may just find a lonely old lady to become friends with. One that will loan him her credit card.

Question: I want to purchase a savings bond for each of my children?

I want to spend at least 100 dollars a peice. Where do i purchase them from and how many years will i have to let them sit to accumulate a decent amount of money? How do i set it to where they can’t touch it until they’re at least 30 years old??

Answer: Easiest way for you would be through a stockbroker.

You will tell him you want to purchase bonds for x years.

$100 per bond though will not get you a huge cash accumulation.

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Question: How can i buy and redeem UAE National Bonds from other country?

I am an expat in the UAE and I am UAE National Bonds Holder,
I’m planning to leave United Arab Emirates soon, but i still want to keep my savings if i can buy and redeem it from outside the UAE.
Is it possible for me to buy and redeem my savings from other country?
How can i do that?

Answer: You can download the redemption form from National bonds website.
Fill it up.
Sign it.
Mention your bank account details.
Send the form to National Bonds by email or fax.
The money will be transferred internationally to the specified account.

Note:
Remember your signature you have provided them with earlier as it will be verified & then only the money will be sent to you.

Say Goodnight, Dick