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US Economy is a National Security Crisis: 'US Needs to Raise $6 Trillion and It is Simple,' Says Visionary William Glynn

http://www.prweb.com/releases/2008/6/prweb961894.htm
Right now, China, Russia, India and Saudi Arabia basically own the United States. Our economy is the real target of terrorists and this is our potential downfall," says Glynn. His solution is transparent and uncomplicated... a 10% solution. "If we are to prevent another Great Depression we need to pass one simple law: All pension plans, endowments, 401(k)s and the like will be required to allocate 10% of their portfolios to buy back U.S. debt and currency.

Atlanta, GA (PRWEB) June 6, 2008 -- According to Bill Glynn, the founder and Managing Director of Collective IQ www.collectiveiq.com, ranked the #1 Corporate Venture Capital Platform in the world, and author of "Left on Red" www.billyg.net the real terrorist threat to America does not come in the form of a suicide bomber or from Islamic extremists. Rather, the Achilles Heel of the United States is our economy. According to Glynn, in the aftermath of September 11th almost a trillion dollars was wiped out of the economy, and we are still reeling as a result of it.

"Right now, China, Russia, India and Saudi Arabia basically own the United States. Our economy is the real target of terrorists and this is our potential downfall," says Glynn. His solution is transparent and uncomplicated... a 10% solution. "If we are to prevent another Great Depression we need to pass one simple law: All pension plans, endowments, 401(k)s and the like will be required to allocate 10% of their portfolios to buy back U.S. debt and currency."

Rather than seeing this as simply giving money back to the government, it's really a 10-year interest-free loan that has incredible benefits
With more than 40 trillion dollars currently invested in these types of accounts, Glynn asserts that some four trillion dollars could be freed up in a matter of days to wipe out the national debt, buy back the $1.6 trillion in U.S. debt currently owned by China and more. He suggests that approximately one trillion dollars go into a 10-year Zero Coupon Bond with the proceeds ultimately going back to the endowments and pension plans. "Rather than seeing this as simply giving money back to the government, it's really a 10-year interest-free loan that has incredible benefits," he explains.

He believes the immediate increase in world confidence with respect to the United States, the anticipated rise in the value of the U.S. dollar, as well as the boost to the overall economy would have far reaching and dramatic impact on equity prices. "In the very near term, the 10% allocation would almost undoubtedly be offset by a corresponding increase in the value of the remaining assets in these portfolios," Glynn continues.

If this law was enacted there would certainly be resistance at first. However, Glynn confidently predicts and openly challenges anyone to refute that there would be a massive uptick in U.S. and world markets if the National Debt were paid off. "It would cause one of the county's biggest celebrations: Liberation Day! The day the U.S. took back its economic leadership before it is squandered. This plan is so simple and powerful - I would be willing to debate any politician, pundit, talk show host or Presidential candidate on its validity," Glynn says.

Glynn believes that we should be a nation of savers, not borrowers. He is also calling for an increase in the minimum wage and for 5% of all wages (up to $50,000) to be placed into low-interest bearing "deficit or economy bonds." "This would create another account with a surplus of trillions of dollars that could be used to funnel money back into the economy for infrastructure, social security, health care and more. It would put America back into the hands of Americans... not foreign entities or governments," he concludes.

About Collective IQ:
Collective IQ is a Global Asset Management and Advisory Firm focused exclusively on Corporate Venture Capital. In 2007, CIQ was ranked the top corporate venture platform by the leadership of the Strategic Venture Association.

Collective IQ is supported by one of the world's largest asset management companies with US$ 600 billion under management. CIQ works on behalf of its investors and corporate partners to deliver superior returns and to commercialize disruptive technologies.

About the Book "Left on Red : How to Ignite, Leverage and Build Visionary Organizations"

Venture capitalist Bill Glynn (Billy G), ranked one of the world's top innovators by Information Week magazine, presents an insider's view of the way great businesses are built.

"Left on Red" www.amazon.com reveals how visionary thinkers and risk-takers build great companies. Bill Glynn provides an insider's view into some of the world's coolest deals in a refreshingly politically incorrect, intelligent manner. Google, Apple, and YouTube are the products of leaders who break the old rules of business to bring their radical ideas to life. Armed with a wealth of examples and innovative insights, Glynn shows entrepreneurs and executives how to navigate a business landscape often littered with great ideas and innovators who are unprepared to lead.

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Giving it back

I'm sure Dr Paul has already thought through any scheme which needs applying when He is The President. Anyway, what are all these countries going to do with all that cash to play with? The U.S will have to start making Ferrari and Bentley killers.

'I always think of all you canvassors and precinct leaders and delegates at the front line and caucuses.
Good luck out there &Thank you. You're a gift.

'I always thank of all you canvassors and precinct leaders and delegates who were at the front line and caucuses.
Good luck out there &Thank you. You're a gift.

sure, i'd love to just throw

sure, i'd love to just throw more money into the black hole that is our federal government.

HA!

Why not while we are at it, let's give the 18 year old college kid with no job and 10k in credit card debt our money.

Just as responsible.

Not A Solution

Other than the obvious problem of taking away people's hard-earned wealth (as if they haven't already taken enough of it through inflation), there is an even deeper problem here: it doesn't address what got us into the problem in the first place. If we pay off our debt today, what is to stop congress from creating a new one tomorrow? We still have the abuse of power in Washington D.C., a fiat currency, and a broken system designed to live on debt and interest. Without dealing with the root of the problem, we would simply be delaying the inevitable. Even worse, our congress and yes, we the American citizens, will have failed to really learn our lessons. Sometimes you have to learn those lessons the hard way for the lesson to really stick, and this just seems like a cop-out, especially for those most responsible.

This is not an option. What we need is real reform not a band-aid patch.

I don't think there is enough time

to pass a bill and implement it before the OTC derivative mess brings the entire financial house down on us. Even if this plan was implemented, what's to stop the Congress and their partners in crime the Federal Reserve from running that debt back up? The Fed must go and the Congress must exercise fiscal responsibility. I don't see it happening without turning our entire system upside down and inside out. Revolution!

We are at the tipping point and winning this global awareness.

For 35 years I have put up with constant manipulation and lies. Especially the "drug war" propaganda machine. It's invasive and insidious. I am a hemp supporter. I agree with Ron Paul and have never seen such positive movement toward revolution. Just keep it up.

Right now, China, Russia, India and Saudi Arabia basically own the United States. Why is it that most third world debt can be forgiven, but the neocons want USA to crash?
The neocon machine is moving in the wrong direction politically and certainly enviromentally. I am astonished of the extinction rate of nearly 80% of all living things and creatures. The neocon's idea for quality of life sucks. Just look what's happening in Mexico. We've got 184,600 refugees coming into the US every month. The neocons at the Bilderberg meeting call it "people dumping" for the building of the corridor.

Keep raising awareness for the sake of the entire world.

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”

Hemp can make us self-sufficient again

Paper, textiles, oil...the founding fathers knew this and the majority of Americans have allowed the neocons to convince them that hemp is criminal! I am totally committed to turning this thing around, no matter what it takes.

For 20 % ,,,,,

They will throw in a hot dog and beer!!!!

How's about

we let the dipshits in Congress that ran up the debt, buy it back with their retirement plans.
Not ours.
They spent it. They(and their buddies) profited from it. And they should pay it back.

We never authorized

We never authorized borrowing money from Communists. Making us repay it is ludicrous.

bump

Brilliant. It seems to me that the selling off of America was and is entirely illegal.

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”

How can it be legal? The

How can it be legal? The taxpayers bought it, paid for it, and owns it...!! How can congress or any other entity sell it?? Boggles my mind that we're sitting on our hands watching this go down as if we are unconcerned.