U.S. Treasury

  

Categories: Bonds

See: Treasury Bill.

The U.S. Treasury: Est. 1789. It’s the U.S. government’s treasury, which issues Treasury bills (less than a year-long holding), Treasury notes (mature in under ten years), and Treasury bonds (mature at 20 or 30 years). It also holds all of the U.S. government’s cash-money.

Speaking of the IRS, the U.S. Treasury includes the IRS (the Internal Revenue System) as well as the U.S. Mint (where USDs are born), the Bureau of the Public Debt, and the Alcohol and Tobacco Tax and Trade Bureau.

The U.S. Treasury sometimes hangs out with the Fed, a.k.a. the Federal Reserve, the U.S.’s central bank. They gotta talk about inflation and the value of the dollar abroad. Gotta make sure things are looking a-okay.

The goal? Keep the economy running smoothly...and hopefully in an upward direction. Economic growth, security, and stability are all on the Treasury’s agenda.

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Finance: What is a Pension?31 Views

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finance a la shmoop. what is a pension? well it rhymes with tension, and likely

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for good reason. if you're a teachers pension or a fireman's pension or [person wearing dark glasses writes something down]

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another state employees pension that's backed up by a state that's going

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bankrupt. Hi, California, Hi Illinois. well we're looking at you. all right people

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well a pension is another term for a retirement fund. but what's special about

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a pension is that the employer essentially forces you to put away money

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for your retirement and then they invested for you.

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how nice. or at least be sure you invest it well on a salary of 75 grand a state [gambling table shown]

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employed ditch-digger might get a contribution of say 10 grand a year into

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her pension, and that's each year 10 grand of forced savings for as long as

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she you know digs ditches for the state. and in some states where the unions are

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strong in the governing financial knowledge is weak the government

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guarantees a minimum financial return on the pension investment made on behalf of

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the employees. that is in California for example the state guarantees a 10% per

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year return on their invested pension savings. if the invested return like [equation]

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investing it in Wall Street and stocks and bonds and private equity funds and

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all that stuff well if that invested return is less than that number less

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than that 10%, then the state rights to the pinch and a check to cover the

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incremental difference. yeah it's a huge Delta and it's well pretty much why you

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a Californian Illinois you're going bankrupt remember. Jesus Saves

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