Retire all currently issued and interest earning US Bonds except the Gulf Coast Recovery Bonds, AFLB's and ASB's and allow the dollar for dollar conversion to the "American Prosperity Act Bond". This series will be denominated in $25, $50, $75, $100, $200, $500, $1000, $5000, $10,000, denominations. With a fixed rate component of 3.0% and an adjustable rate tied directly to real CPI-U as calculated by the federal government. These bonds will be issued at face value and available at all financial institutions and by electronic purchase. Full maturity to be (30) years and initial purchases must be held for (1) year. Forfeiting the most recent (6) months interest earned if cashed in before the 5th anniversary. Only 75% of interest earned would be federally taxed w/ no state or local tax
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
