So the US Treasury is basically a big open-end mutual fund that is *mostly* a ponzi scheme. And all of us taxpayers are compelled to invest in this fund; its our patriotic duty! Nathaniel Hale, Patrick Henry, Ben Franklin and the other founders fought and died for our right to pay into the treasury.
I say "mostly" because even though all future earnings come from subsequent investment (read:taxes), which is the definition of Ponzi Scheme, the fund manager is actually doing some legitimate investment. The problem with this is that the fund manager is making some pretty awful investments. For example, he's about to invest our fund's assets into General Motors (NYSE:GM). Tell me, if your friendly local large-cap equity manager announced this trade, in fact announced taking a majority share of GM? Wouldn't you fire him or her? Or switch funds?
Since we can't switch our investment out of the "US Treasury Fund" - without moving out of the country - how do we fire the fund manager?
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