Bogleheads.org

I want to thank everyone who has taken the time to respond. It's been a great help.

Billym

rmelvey,

I hope it isn't never ending. Many thanks for help.

Billym

Rmelvey, The instructor is a retired economist. I actually do understand OMOs as BBl wrote. My original question wondered where my purchase money went. I assume it goes to the Federal Reserve along with all the rest of the purchase money from not only the Primary Dealers but any other large entity t...

BBl, Thanks for your reply. I don't know about OMO's: But I am thinking what he was saying was at least in line with the following: “There is no inherent limit on federal expenses and therefore on federal spending…When the U.S. government decides to spend fiat money, it adds to its banking reserve s...

I recently took a course on World Economy and Trade. At one point in the lecture, the teacher maintained that US Government Notes, Bonds, Securities, etc., are not used to help fund the federal government but simply a means to create currency and set interest rates. If this is the case - these notes...

I guess I'm the only retired poster to this thread. I reinvest about 17% of my gross income, the majority of that income derived from bond fund interest and dividend distributions, the remainder coming from SS. I also reinvest 100% of the Capital Gains from equity funds. I've always been a saver. Bi...

I don't know if Daryll is now retired or still in the planning stages. But as one who has been retired for seven years permit me to say this: Had he asked, "If I retire with one mil in 2010 and Larry retires with 2 mil the following year, both of us having identical portfolios, why does Larry g...