Someone was so rash as to question me about E-D bonds. I did a fast google and found no results, so they probably do not exist except in the fevered imagination of myself. A good Author cannot let such drivel distract from general bombast, so I will give a general description of E-D bonds; sometimes called End Decision bonds. Anyone thinking to contradict my description must accept I consider them to presently be a figment of my Nightmare, and lack any basic connection to reality.
Your basic E-D bond has only an Issuance Date with no duration on the bond, and no set Interest rate affixed to the bond. They are marketable securities, meaning that they can be bought, sold, and redeemed at the holder’s preference. Their only termination comes through the redemption by the original Issuer. The Interest rate will be determined by some fixed measure agreed at the issuance; the Treasury probably declaring the Overnight rate prime lending rate of the Fed. The E-D bonds can be issued in any amount up to probably around $5000, and the final settlement upon redemption will be the original amount plus (the Overnight rate currently in force times the total amount times the number of Quarters of Time since the original issuance). The E-B bonds will be set up like the title of a Vehicle, issued in the original name of the holder, but can be bought or sold at any Price until redeemed; simply noting both the Taxpayer Number or SS number of the Purchaser, and the price for which purchased on the last two folds of the continuous document.
The E-B bonds would be excellent for returning all Tax remittances after Tax Returns are filed, according to my scheme and the day before yesterday. They are easy to fill out and Issue, they can be issued at basic regular Quarters of Time, and they will hold Power to displace a ridiculous Fed position of a No Interest Overnight rate. This will improve the position of all Savings Accounts, Certificates of Deposit, and modified Transfer Accounts. I would like to see a limitation on these bonds insisting they cannot be redeemed for at least 180 Days, establishing a market for such bonds, and pressuring Taxpayers to build a Capital Savings account. No one ever told me that introducing simple mechanisms could not introduce great changes! lgl