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Obama Introduces MyRA: The "No Risk, Guaranteed Return" Retirement Savings Bond

Tyler Durden's picture




 

Earlier today we hinted at what was coming in "Obama To Unveil Treasury IRAs." Well, here it is, and it even has a catchy name. Presenting: the MyRA, and since it offers "guaranteed return and no risk" we now know where all the Fed's bond trades will go to work once QE ends.

From the president:

Let’s do more to help Americans save for retirement. Today, most workers don’t have a pension. A Social Security check often isn’t enough on its own. And while the stock market has doubled over the last five years, that doesn’t help folks who don’t have 401ks. That’s why, tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in. And if this Congress wants to help, work with me to fix an upside-down tax code that gives big tax breaks to help the wealthy save, but does little to nothing for middle-class Americans. Offer every American access to an automatic IRA on the job, so they can save at work just like everyone in this chamber can...

 

Or put another way - if you like your retirement account you can keep your retirement account.

And just like that, the "automatic" continuity to the Fed's Quantitative Easing is ensured.

One final point: in the aftermath of the demonstration that the market is run by absolute idiots, courtesy of TWTRQ and NEST, we fully expect that tomorrow Myriad Entertainment & Resorts, stock ticker MYRA, trading at a lofty price of $0.00, will soar tomorrow to, what else, Obama's target price of $10.10.

 

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Tue, 01/28/2014 - 23:34 | 4378342 putaipan
putaipan's picture

and it's gone!

Tue, 01/28/2014 - 23:36 | 4378360 InjectTheVenom
InjectTheVenom's picture

No risk ... we'll see about that !

Tue, 01/28/2014 - 23:39 | 4378368 Jack's Digestib...
Jack's Digestible Ideas's picture

No risk = bullshit, 100% of the time. That's sort of what being human is all about, being able to properly assess risk. Too bad that flies in the face of TPTB, so we can't have risk anymore.

Believe what we tell you! We didn't teach you any differently, why are you pulling out a guillotine?

Tue, 01/28/2014 - 23:42 | 4378390 fonzannoon
fonzannoon's picture

My  federal employee neighbors all have 125k pensions waiting for them at 53 and free healthcare for life....Me....I gots me a Myra....what's got 2 thumbs and a Myra??? Thiiis guy!!!! Ehhhhh!!!

Tue, 01/28/2014 - 23:49 | 4378408 Frozen IcQb
Frozen IcQb's picture

Look at the bright side; they're going to use the Obamacare web platform for enrollment.

 

I wish politicians would stop thinking about trying to solve our problems!  

Ugh,... never mind.

 

 

Tue, 01/28/2014 - 23:54 | 4378454 WayBehind
WayBehind's picture

No risk of losing what you put in ... I believe that ... it will just be worthless in 20 years ...

Wed, 01/29/2014 - 00:07 | 4378510 knukles
knukles's picture

Wait.

Thats in violation of SEC regs.
Preselling before the deal is structured
Saying there's no risk of loss when we don't know so, yet.
And in any case there is no risk for that's an absolute staement in a viod

 

Violating SEC regulatons

Calling Harvey Pitt...
New client to defend against the SEC's kangaroo courts

Wed, 01/29/2014 - 00:10 | 4378519 Almost Solvent
Almost Solvent's picture

Shit is wack!

 

They need a new ponzi to replace the old ponzi that's still trying to keep the original ponzi going.

Wed, 01/29/2014 - 00:25 | 4378560 strannick
strannick's picture

MYRA. A new way for working Americans to support the pork-barrel schemes of non-working government politicians.

Wed, 01/29/2014 - 00:35 | 4378570 WillyGroper
WillyGroper's picture

Breckenridge.

Wed, 01/29/2014 - 00:56 | 4378593 TruthInSunshine
TruthInSunshine's picture

George Carlin on MyRA:

---

"They don’t want people who are smart enough to sit around a kitchen table and think about how badly they’re getting fucked by a system that threw them overboard 30 fuckin’ years ago. They don’t want that. You know what they want? They want obedient workers. Obedient workers, people who are just smart enough to run the machines and do the paperwork. And just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and vanishing pension that disappears the minute you go to collect it. And now they’re coming for your Social Security money. THEY WANT YOUR FUCKIN' RETIREMENT MONEY. They want it back so they can give it to their criminal friends on Wall Street. And you know something? THEY'LL GET IT. They’ll get it all from you sooner or later 'cause they own this fuckin' place. It’s a big club and you ain't in it. You and I are not in the big club. ...The table is tilted, folks. The game is rigged and nobody seems to notice. ...And nobody seems to notice. Nobody seems to care. That’s what the owners count on. The fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that’s being jammed up their assholes every day, because the owners of this country know the truth. It’s called the American Dream, 'cause you have to be asleep to believe it."

Wed, 01/29/2014 - 01:10 | 4378644 ebworthen
ebworthen's picture

Perfect, thanks.

Fuck him and all the other politicians and Wall Street wankers and the hounds from Hell they rode in on.

Wed, 01/29/2014 - 01:49 | 4378721 strannick
strannick's picture

Once the sales of the Bond-Ponzi (Bondzi Scheme?) has slid down the pyramid's slope from Bill Gross, to the point where its being flogged to ''working Americans'', chances are the jig is up.

Whatching that shill Obama pitch it with a straight face, as though he was flogging worthless bonds for the sake of working Americans as opposed to helping them be unloaded by shirking bankers, is priceless. Portraits in Disembling

Wed, 01/29/2014 - 02:02 | 4378742 Troll Magnet
Troll Magnet's picture

Just got one thing to say: Michelle is one ugly ass ho.

Wed, 01/29/2014 - 06:50 | 4379016 GetZeeGold
GetZeeGold's picture

 

 

 

We are 5 daze away from totally transforming your retirement.

 

You'll have to go back to work.....but other than that you're gonna love it.

Wed, 01/29/2014 - 07:26 | 4379044 negative rates
negative rates's picture

A new way to tap and invest the middle classes last dollar. If you like losing your money, you can keep liking losing your money.

Wed, 01/29/2014 - 08:32 | 4379113 jcaz
jcaz's picture

Should work as well as that piece of shit health care plan worked....  Gee Barry- you forget about that turd already?

All the speech proved is that Barry really IS clueless about finance-  thank God he has Joe Bob to back him up.....

Wed, 01/29/2014 - 09:50 | 4379327 eclectic syncretist
eclectic syncretist's picture

Let's see. 

1. UST bond prices are at multi-decade highs.

2. The POTUS says that the general populace of the US should invest their retirement savings in UST bonds now.

conclusions: 

a. Traditional buyers of UST must not be buying enough, and there are really big problems brewing.

b. President is either evil or clueless.

Thu, 01/30/2014 - 01:12 | 4383245 MontgomeryScott
MontgomeryScott's picture

I'll try to get a word in, here,

I ran across a Youtube video by 'DABOO 7', that talks about the fact that Obama is asking (forcing) all retirement accounts by 'certain sectors' (government employees and other suckers that can still be conned) in to investiture in the debt instruments called 'MyRA's' (READ, MY IRA SHIT, you stupis sheoples!).

It is cross-linked by 'Investment Watch', that seems to be now linking Zero Hedge articles.

I saw the 'screen shot' and recognized the fonts (the 'RanSquawk' thingie on the right-hand side is absolutely telling!).

Gee, 'eclectic', what gave you the FIRST CLUE?

'A' is the OBVIOUS, IN-YOUR-FACE answer (but this has been so for, well, ever since 9/10/2001...).

LINKS:

http://www.youtube.com/watch?v=lA2nC0QZHBg

http://investmentwatchblog.com/warning-proof-obamas-ira-savings-is-a-tra...

Many lurkers, and now, some linkers as well, I see.

 

Wed, 01/29/2014 - 08:12 | 4379116 TeamDepends
TeamDepends's picture

Either that, or they'll transform retirement into retirement, as used by the Tyrrell Corporation in Bladerunner.

Wed, 01/29/2014 - 09:21 | 4379205 GetZeeGold
GetZeeGold's picture

 

 

The light that burns twice as bright, burns half as long. And you have burned so very very brightly - Ezekiel (Tyrrell) Emanuel

Wed, 01/29/2014 - 09:42 | 4379291 Upswaller
Upswaller's picture

"Under my plan, returns will necessarily skyrocket."

Wed, 01/29/2014 - 09:54 | 4379343 MrBoompi
MrBoompi's picture

At least she isn't in a state of constant drug stupor like the last First Lady. And the next First Lady won't even be a lady, unless slick willy puts on a dress.

Wed, 01/29/2014 - 01:18 | 4378657 Al Gorerhythm
Al Gorerhythm's picture

I'm going to learn this until I can recite it verbatim. Then, I'm inviting each and every one of my programed serf friends over to a BBQ and start a conversation rolling. 

PS Edit: I can just imagine the rollout of this next hare-brained Obama scheme. I wonder if he actually knows much about the infastructure. Probably just as much as Obama Care. 

Wed, 01/29/2014 - 01:23 | 4378675 carbonmutant
carbonmutant's picture

Smart enough to do the job and dumb enough to take it...

Wed, 01/29/2014 - 02:35 | 4378790 James_Cole
James_Cole's picture

(^ link to the George Carlin speech on youtube)

OT, for some reason this didn't get much circulation..

http://pando.com/2014/01/23/the-techtopus-how-silicon-valleys-most-celeb...

"they want more for themselves and less for everybody else"

Yep, that about sums it up!

Wed, 01/29/2014 - 10:20 | 4379448 Beatscape
Beatscape's picture

Thanks for posting this.

Wed, 01/29/2014 - 03:57 | 4378884 capitallosses
capitallosses's picture

You've got your fiats and you can keep your fiats!

Wed, 01/29/2014 - 09:51 | 4379331 superflex
superflex's picture

The FSA deserves this.

Wed, 01/29/2014 - 04:19 | 4378896 kchrisc
kchrisc's picture

Heaven or hell, I want to go where Carlin, and Pryor, went.

Wed, 01/29/2014 - 05:08 | 4378934 new game
new game's picture

the cocksucking motherfucking bastards...

(o,533 others and most of tptb)

Wed, 01/29/2014 - 07:27 | 4379047 negative rates
negative rates's picture

You got the right IDea.

Wed, 01/29/2014 - 05:13 | 4378940 Cap Matifou
Cap Matifou's picture

RIP, George

Wed, 01/29/2014 - 08:05 | 4379110 Freegold
Freegold's picture

George Carlin RIP, a straight forward man :)

Wed, 01/29/2014 - 12:03 | 4379932 WillyGroper
WillyGroper's picture

@TIS

I think we'd all be well served to mail that to EVERY elected representative.

Wed, 01/29/2014 - 18:16 | 4381912 Infinite QE
Infinite QE's picture

Now where is that Bolshevik Chindit13 to state something seemingly intelligent and slam Carlin for being negative?

Wed, 01/29/2014 - 11:02 | 4379618 Stoploss
Stoploss's picture

if you like your retirement account you can keep your retirement account. PERIOD!!!

Wed, 01/29/2014 - 04:16 | 4378892 TheFourthStooge-ing
TheFourthStooge-ing's picture

MyRA = Scam-Wow

"Absorbent enough to soak up every last cent! But wait, there's more..."

Wed, 01/29/2014 - 09:53 | 4379332 eclectic syncretist
eclectic syncretist's picture

MyRA = My Reamed Ass

Wed, 01/29/2014 - 08:37 | 4379157 sunnydays
sunnydays's picture

They are switching government employees to bonds already without them knowing.  Now they are setting the stage to switch everyone's IRA to govt bonds.  They will do what it takes to protect their system.

http://www.youtube.com/watch?v=LRKIwsmHX_k

Wed, 01/29/2014 - 00:36 | 4378574 CognacAndMencken
CognacAndMencken's picture

Forcing people to save for retirement is impossible in a country where 50% (or more) of the population is completely incapable of taking care of themselves.

More facts about the American South:

According to the U.S. Census Bureau's state-by-state ranking of adults with high school degrees, eight of the bottom ten states are in the South (counting Texas), with residents of Mississippi and Texas “leading” the least-educated pack.

Why is the South so stupid? It's become such a drag on this country. Until the South is forced to secede from the union, America will always remain a place where the few must care for the many.

Wed, 01/29/2014 - 00:47 | 4378596 Andre
Andre's picture

I guess you haven't heard about Kalifornia...

Wed, 01/29/2014 - 01:29 | 4378686 mbutler101
mbutler101's picture

we maybe whacked out of our minds out here, but without California, you're dinner plate is going to look pretty thin, to wit: http://www.slate.com/articles/health_and_science/explainer/2013/07/calif...

Wed, 01/29/2014 - 02:04 | 4378746 El Oregonian
El Oregonian's picture

I think this new gov't thieving program is called "MyAGRA" because it's all heading for the falls.

Wed, 01/29/2014 - 07:20 | 4379035 GetZeeGold
GetZeeGold's picture

 

 

without California, you're dinner plate is going to look pretty thin

 

Pretty sure anyone in Kansas is going to be just fine.....pretty much goes the same for the rest of Flyover Country.

 

Wed, 01/29/2014 - 11:16 | 4379658 DIgnified
DIgnified's picture

With California producing 50-100% of a huge number of produce items for the us, yeah Mr downvote is right.  Not a fan of leftist Slate, but it is what it is:

 

Pomegranates: 100% 
Artichokes: 99% 
Kiwi: 97% 
Olives: 96% 
Figs: 96% 
Pluots: 95% 
Plums and Prunes: 94% 
Brussel Sprouts: 93% 
Avocados: 90% 
Nectarines: 89% 
Garlic: 85% 
Celery: 83% 
Grapes: 83% 
Dates: 82% 
Apricots: 82% 
Cauliflower: 82% 
Broccoli: 81% 
Lemons: 79% 
Persimmons: 77% 
Honeydew: 77% 
Tomatoes: 76% 
Lettuce: 73% 
Nuts: 65% 
Carrots: 62% 
Strawberries: 59% 
Spinach: 59% 
Tangerines: 58% 
Chinese Cabbage: 49% 
Asparagus: 47% 
Cantaloupes: 46% 
Peaches: 44% 
Limes: 42% 
Non-Valencia Oranges: 37%

 

Granted some of those items I NEVER use.  But lettuce, carrots, celery.. yeah other States produce some too.  But of 70-90% of a crop disappear, are you going to want to pay a significant amount more for flyover-lettuce?

Wed, 01/29/2014 - 12:18 | 4379998 PrintemDano
PrintemDano's picture

Other States could immediately pick up the slack.....

Wed, 01/29/2014 - 02:29 | 4378781 mumcard
mumcard's picture

If only the South could be made agriculturally productive...

Wed, 01/29/2014 - 03:27 | 4378852 James
James's picture

If only the South could be made agriculturally productive...

 

 

It can from the technique of Aquaculture.

You'll be hearing about this more as you eliminate the oil cost of fertiliser, heavy machines, land cost, excessive depletion of water wells and still end up w/ crap food.

 

Wed, 01/29/2014 - 03:56 | 4378885 StychoKiller
StychoKiller's picture

Do you mean "aquaponics?"  'Cause there is a difference.

Wed, 01/29/2014 - 06:59 | 4379019 GetZeeGold
GetZeeGold's picture

 

 

 

Forget it.....he's babbling.

 

When he gets up to speed.....he'll start rolling.

http://www.youtube.com/watch?v=ToWcEqQhnIU

Wed, 01/29/2014 - 08:14 | 4379122 tip e. canoe
tip e. canoe's picture

sounds to me like he meant what he wrote...and he's right.

aquaponics is for kids and city dwellers.

aquaculture can scale up aquaponics considerably with good pond design.

Wed, 01/29/2014 - 10:49 | 4379569 Parabox
Parabox's picture

Aquaculture is fish keeping alone.  Aquaponics is the combination of Aquaculture and Hydroponics at any scale.

Wed, 01/29/2014 - 11:51 | 4379868 tip e. canoe
tip e. canoe's picture

and aquaculture can be woven into a land-based agricultural system, significantly boosting the yield of both, much like aquaponics does with hydroponics.

by strict definition of terms however, you are correct and i'm wrong.   but instead of quibbling over definitions, maybe we should cooperate on finding the best methods to scale up aquaponic techniques to a soil-based system?

cuz aquaponics ain't gonna feed the south alone.

Wed, 01/29/2014 - 10:49 | 4379570 Parabox
Parabox's picture

dup

Wed, 01/29/2014 - 13:25 | 4380318 James
James's picture

Ooooooops, yes I did mean Aquaponics.

I was wrong

My bad

Wed, 01/29/2014 - 07:30 | 4379053 negative rates
negative rates's picture

Don't try to eat their food now, or grow on their land, and keep that waiter job to try to learn how to cook for yourself.

Wed, 01/29/2014 - 11:36 | 4379753 PTR
PTR's picture

Wait- California's on the west coast right?  Isn't the Fukushima radiation headed that way?

Hmmmmmm...

You mean my food now comes in glow-in-the-dark?  RAD!!!

Sun, 02/02/2014 - 11:07 | 4393315 creeper
creeper's picture

Iowans will certainly not starve.  We feed far more people than you do.

Wed, 01/29/2014 - 01:50 | 4378727 crazyjsmith
crazyjsmith's picture

So... we need the Gov't to open IRA's for us, then help us buy a Gov't bond? Because we all can't do that now in any of about 1000 choices?

This is that true visionary and courageous forward thinking we need to lead us out of this mess......FORWARD!!

They know how financially illiterate we are, and they are literally praying and FEASTING on that ignorance. That's our fault. Something about getting the Gov't we deserve.

Wed, 01/29/2014 - 03:59 | 4378887 StychoKiller
StychoKiller's picture

Just like every other Brillant Govt program, this one is gonna be so good, it'll be mandatory!

Wed, 01/29/2014 - 04:42 | 4378918 Urban Redneck
Urban Redneck's picture

Let's see... a mandatory payment of money to the federal government...

Sounds like a TAX (hike) to me... (and probably SCOTUS too)

Something tells me that both the sheeple and TPTB's MSM sheperds won't discuss that aspect.

Wed, 01/29/2014 - 07:46 | 4379080 Disenchanted
Disenchanted's picture

CJSCOTUS Roberts will approve.

Wed, 01/29/2014 - 07:52 | 4379084 GetZeeGold
GetZeeGold's picture

 

 

 

Heh heh.....cat got promoted I see.

 

Good things happen when you....."play ball".

Wed, 01/29/2014 - 07:52 | 4379088 ArkansasAngie
ArkansasAngie's picture

This is no different than when the Repubs tried to steal retirement with their proposal.  Put Congress' retirement in there first.

Wed, 01/29/2014 - 05:12 | 4378939 new game
new game's picture

look at it this way,the more dumb fucks makes you smarter and life easier in relation. dumbered down so your "lot" rises w/o even doing anything in life. now, the key it to not do something stupid like look at new cars or sumting like dat...

Wed, 01/29/2014 - 07:34 | 4379058 negative rates
negative rates's picture

Don't forget about Timer Tom, Father Time, or Mr No Time, they all have it out for your carcus.

Wed, 01/29/2014 - 01:02 | 4378617 DoChenRollingBearing
DoChenRollingBearing's picture

Well, I will just save on my own, thank you.  You and Obama please stay OUT of my life and anyone else's who wants to decide for themselves.

Save in gold!

But, if you re going to spend money traveling, try Costa Rica!  

I was very blessed today, five things went just right for me.

"Quepos, Day Two"

http://tinyurl.com/lv8v9ua

Wed, 01/29/2014 - 05:36 | 4378954 ParkAveFlasher
ParkAveFlasher's picture

I stayed at that hotel in Quepos!  The owner is a Frenchman, quite a charming character.

Wed, 01/29/2014 - 12:05 | 4379926 RKDS
RKDS's picture

Save in gold?

At the median income, an ounce of gold takes half of your monthy income.  At the minimum wage, it eats a third of the way into a second month.

Saving in gold is about as realistic as performing your own appendectomy.

Saving in _silver_ is far more doable...

Wed, 01/29/2014 - 01:08 | 4378640 Richardk888
Richardk888's picture

@CognacAndMencken

Right, people from Texas are stupid. I am a proud Texan and your comment is ridiculous.

Arent Texans the ones who pay more into the Federal Government than they get back?

Arent Texans the ones who elected Ron Paul and Ted Cruz to the Congress?

To think that a High Schoool diploma is a sign of intellignece is just plain ignorant.

What state are you from?

Wed, 01/29/2014 - 01:59 | 4378739 BraveSirRobin
BraveSirRobin's picture

True fact - White kids, black kids, and latino kids in Texas all score above the national average on standardized tests. Problem is there is a big difference in achievement in test scores among white, black and latino kids, with white kids scoring significantly higher than the others. Because of the racial mix in Texas with higher numbers of lower scoring ethnicities, Texas scores near the bottom nationally. The thing the dishonest pols and partisans will not tell you is that state school achievement is highly correlated to the percentage of white and asian kids as a percentage of the population. It allows them to avoid a lot of earnest talk about real problems and solutions, which are primarily cultural and political. This is why California rankings have been plummeting, because of all the latino kids moving in and the associated soft bigotry of lowered expectations both in achievment and behavior. 

By the way, facts are not racist - they just are what they are.

Wed, 01/29/2014 - 05:28 | 4378945 new game
new game's picture

texas, montana, wyoming are the last vestages of hope. rest are gone socialist, mamby pamby libtard mo-fo freebie looking dumbed down til they cant even think for themselves- fuck heads(in general).

look listen and think(critically) and be intelectually honest in your assesment and you will be apauled at what you see, hear and come to understand as it has become hopeless-the nucleus of any society-the family, is breaking down on the margin...the great society has evolved-thank all you muther fucking bleeding heart bastards-you ruined merica with your freebie help, making these people absolutly worthless humans that can't even talk correctly...fucken-eh!

free garbage food and now ira's for idiots...

Wed, 01/29/2014 - 07:37 | 4379062 negative rates
negative rates's picture

Hey that's what happens to ya when all you have are to many one liners and kool-aid.

Wed, 01/29/2014 - 01:12 | 4378654 ebworthen
ebworthen's picture

What blue blood rock did you crawl out from under?

Jesus H. you don't know shit from Shinola.

The South doesn't give a shit.

They ain't dumb.

Wed, 01/29/2014 - 02:25 | 4378776 Serenity Now
Serenity Now's picture

+1 for the shit from Shinola reference.

 

To the South hater:

I'll take a high-school dropout from Mississippi who can fix cars, hunt, fish, who loves God and Country (and can kick your uppity ass) over an Ivy League liberal ANY DAY.

It's not conservative states like MS and TX that are bringing the nation down.  Enjoy your fantasies, though, Kunstler.

Wed, 01/29/2014 - 07:40 | 4379069 BandGap
BandGap's picture

The South do not give a shit, they is not stupid. There, added some flavor.

My dad used the shit from Shinola, always paired it with "now get your head out of you ass".

All of us must avoid infighting. We share one distinct commonality.

Wed, 01/29/2014 - 01:27 | 4378684 FreedomGuy
FreedomGuy's picture

Oh your comment is rich with targets, especially if you're a lib.

The South has always had a higher percentage of minorities. Are you making a racist comment?

Your comments presume a lot of welfare, foodstamps and the like. Are those bad programs? Are people who use them a "drag" on the eocnomy? Are they bad? Would collectivism be bad, then?

Do not all those stupid southerners go to government schools? Maybe they should get rid of government schools and see how things go?

Are not all those evil banksters, Fed Chairs and central planners generally from the NE and those elitist liberal schools? How's that working out for the geniuses?

If the South secedes and becomes libertarian-conservative will accept the wall they build to keep you out like illegal starving Mexicans?  Will you keep Al Gore, Michael Moore, Joe Biden and we will throw in the Clintons even though they are from the South.

LBJ, Carter, Clinton (2) all Democrat Presidents from the South. Morons?

Wed, 01/29/2014 - 12:07 | 4379940 RKDS
RKDS's picture

No but who are the radio commercials targeting with their secret bible code plan to riches?

Wed, 01/29/2014 - 16:37 | 4381410 aardvarkk
aardvarkk's picture

I live in a northern blue state and we have those here too.  Your point?

Wed, 01/29/2014 - 21:07 | 4382643 CultiVader
CultiVader's picture

Dumb motherfuckers regardless of state or pol alignment

Wed, 01/29/2014 - 01:34 | 4378698 The Wedge
The Wedge's picture

Forced to secede...ha ha ha whew. That's funny. Forced to secede. Too funny.

Wed, 01/29/2014 - 01:37 | 4378703 TheMeatTrapper
TheMeatTrapper's picture

Until the South is forced to secede from the union, America will always remain a place where the few must care for the many.

lol. What a fucking douche you are. 

We tried to go our own way once. Managed to kill a few hundred thousand Yankees in the process. Funny thing, you fellas wouldn't let us go. 

Now the South is where the jobs are and where the population is moving to. Your over educated, unionized, liberal northern socialist shitholes are losing their best and brightest to us. Wonder why. 

So spare us your crack addled bullshit and face reality. 

Wed, 01/29/2014 - 01:49 | 4378729 Raymond K Hessel
Raymond K Hessel's picture

I moved to Texas from NY because I couldn't take the taxes and the stupid nanny state laws.

Here's the kicker.  I'm working in TX for a NY based client.  I log in to their networks in NY from TX. 

Normally this job would be done in NY but thanks to the internet, I'm doing it from NY and because of douchebag hierarchy, even if I were in NY, I'd be on a different floor anyway.  

The work I'd perform in NY would have been done using email and phone anyway. So it was not a big deal when the job moved to TX.  No one skipped a beat. 

This means I'm taking a job that would have gone to someone living in NYC!  HA HA HA !!!  

Wed, 01/29/2014 - 08:10 | 4379108 GetZeeGold
GetZeeGold's picture

 

 

Managed to kill a few hundred thousand Yankees in the process.

 

That totally happend....I saw a movie about it once.

 

Hopefully the next time it happens it will be more of a repeat of Athens TN.....cause that's how you take down tryanny.

http://en.wikipedia.org/wiki/Battle_of_Athens_(1946)

 

The MSN doesn't want to touch that subject.....turns out neither does Wikipedia. Trust me though....it did happen.

Wed, 01/29/2014 - 02:59 | 4378825 Johnny Cocknballs
Johnny Cocknballs's picture

Why? Relatively high numbers, especially kids, of blacks and latinos (many first gen) and not many asians, jews, or catholic schools.

Its an ugly truth, but tthat's it in a nutshell.

 

Now then, what would you say makes *you* so stupid?

Wed, 01/29/2014 - 04:17 | 4378894 John_Coltrane
John_Coltrane's picture

Why is the South so stupid?

Well, when you have huge numbers of minorities with IQ means one standard deviation from Causasians, you've got an averaging problem.  Look to the cold white northern states like North Dakata (the highest performing state academically) and Minnasota if you seek to really understand the vital role of harsh climate, IQ and "culture".

Wed, 01/29/2014 - 08:55 | 4379183 Pesky Labrador
Pesky Labrador's picture

I will take common sense over your highly educated college degree. There are seven different kinds of intelligent, not just one. People in the South know how to live and can live off the land if need be. There plenty of craftsman and tradeskills down South. If you aren't creating something worth value then you aint worth much.

Wed, 01/29/2014 - 09:20 | 4379239 TexasAggie
TexasAggie's picture

Is it time we brought back the bumper stickers from the 75 - Let the bastards freeze to death in hteark as we shut off your natural gas and oil (crude and refined).

Wed, 01/29/2014 - 09:46 | 4379314 Head_Shots_Work
Head_Shots_Work's picture

As the son of a damn yankee, I am a proud southerner that can own LOTS of weapons (too bad I lost them in that unfortunate cardboard boat race last year), have low taxes, and enjoy more value for my money on real estate. I especially enjoy living on my mountaintop on my fifty acres next door to the national forest, looking down on my own pond. With my two wells feeding my large garden inside of my property (surrounded by a six foot high chain link fence thanks to some former nut of an owner), I can also see a sweet little river. After I got my MBA from a major university a couple of years ago (attending classes with people from all over the country) and became a libertarian and anti-fed, anti Keynesian economist, subscribing to the theory of the only true wealth you own is that which you can hold in your hand, including land, physical metals, food and defensive gear, I began a fairly extensive analysis of best locations to live in - far enough from major highways, major cities, Mexico and the East and West Coasts, larger populations, climates that won't kill you, water in plentiful supply - hmmm - much of the south. The fact is that many states like that swath of states you would classify as southern fall in that status - from SC, to GA, MS, AL, AR, OK, KS, even MO, TN, and KY. Sure we have our problem children. Take Arkansas - around 3 million people - as an example - 80% white, 6% hispanic and 14% black. Let's assume 30% of them are STOOOPID - that equates to 300,000 people, probably less than lives next door to your dumb ass you prick. Southerns by and large were the first immigrants to break out of the congested and already 'controlled' east and head out unrestricted freedoms in the central and southern states, requiring stamina, bravery and 'street sense'. Those that didn't know how to survive - didn't. The flotsam and debris in California is the exception - not the rule - just like you see the trash in a river eddy. You'll wish you lived in the south in about five years, give or take a year. 

Wed, 01/29/2014 - 10:03 | 4379386 orez65
orez65's picture

"Why is the South so stupid?"

The South? You must have meant the North East.

The shit heads that brought us "Global Warming" and the corresponding pathetic solutios such as corn ethanol that produces more CO2 than burning oil.

The shit heads that complained about Gitmo and gave us the Military Defense Authorization law repealing Habeas Corpus.

The shit heads that gave us the Federal Reserve.

When you want to see stupid go to your nearest mirror.

Wed, 01/29/2014 - 10:51 | 4379577 r101958
r101958's picture

Cognac - Since when does possession of a present day HS diploma have anything to do with possession of intelligence?

Wed, 01/29/2014 - 16:12 | 4381241 Georgiabelle
Georgiabelle's picture

"Why is the South so stupid?" ....check the demographic make up of most of the Southern states and you will answer your own question. 

 

Wed, 01/29/2014 - 00:08 | 4378515 Pool Shark
Pool Shark's picture

 

 

"If you like your MyRA, you can keep your MyRA."

 

 

Wed, 01/29/2014 - 09:57 | 4379358 DriveByLurker
DriveByLurker's picture

"If you we like your MyRA, you can we will keep your MyRA."

 

Fixed that for you.

Wed, 01/29/2014 - 10:06 | 4379390 orez65
orez65's picture

If you like your pension, you can keep your pension.

Wed, 01/29/2014 - 00:26 | 4378562 ihedgemyhedges
ihedgemyhedges's picture

Nice ass.......

Wed, 01/29/2014 - 01:28 | 4378685 cynicalskeptic
cynicalskeptic's picture

http://www.youtube.com/watch?v=ezSsK3SgVk8

 

actually..... yes, very nice ass......   I'm SO conflicted.

Wed, 01/29/2014 - 01:12 | 4378645 Chuck Walla
Chuck Walla's picture

But Mr Preezy Prez, every member of that chamber can sell influence to the highest bidder. Have great no show board seats and a generous campaign contribution funded non- profit. If you really cared, oh great one, you would help me steal, too!

FORWARD SOVIET!

Tue, 01/28/2014 - 23:54 | 4378461 Skateboarder
Skateboarder's picture

MyRA... *cringe*

It'll be an awkward apology to tell you that it was all used up, but in good cause. Be proud of yourselves!

Wed, 01/29/2014 - 00:57 | 4378607 fockewulf190
fockewulf190's picture

My RA...because I RA  is just too fucking cerebral for the folks to understand.  Holy shit, is this country going down the shitter with this guy at the helm or what?

Wed, 01/29/2014 - 01:12 | 4378653 TruthInSunshine
TruthInSunshine's picture

Obama reaching out 2 da txting gen.

Dont H8T. Congraj8. Aight.

Wed, 01/29/2014 - 01:17 | 4378664 James-Morrison
James-Morrison's picture

Going, going, gone!

Wed, 01/29/2014 - 05:27 | 4378948 fockewulf190
fockewulf190's picture

I´m waiting for the news story to come out which says the Obama Administration spent $250 million bucks on consulting firms to come up with the catchy "MyRA" name.   The insanity will then elevate to Nero status.

Wed, 01/29/2014 - 06:45 | 4379012 mendolover
mendolover's picture

You read my mind!  And also which crony of a crony got the no bid contract!

Wed, 01/29/2014 - 12:08 | 4379947 RKDS
RKDS's picture

Blame Microsoft.

My Computer, My Documents, My Pictures, My Music, My Network Places, My Favorites, etc...

Wed, 01/29/2014 - 00:10 | 4378517 sixsigma cygnus...
sixsigma cygnusatratus's picture

MyRA?  I was wondering who and how they bailed out the Chinese "Credit Equals Gold No. 1" Fund...now we know.

Wed, 01/29/2014 - 00:15 | 4378534 Spanky
Spanky's picture

If you like your problems, you can keep your problems.

Wed, 01/29/2014 - 01:00 | 4378618 Meat Hammer
Meat Hammer's picture

I'm sure the MyRA money won't be used to fund the soon-to-be-bankrupt Social Security trust fund, and I'm sure that in 20 years there won't be a new ponzi scheme invented to fund the your-ass-ain't-gettin-a-dime MyRA, and....

Wed, 01/29/2014 - 07:30 | 4379051 Blano
Blano's picture

When I heard "special kind of bond," the IOU's Social Security purchases was exactly what came to mind.

Wed, 01/29/2014 - 02:02 | 4378743 Antifaschistische
Antifaschistische's picture

"work with me to fix an upside-down tax code that gives big tax breaks to help the wealthy save, but does little to nothing for middle-class Americans. "

I have an idea...how about eliminating the deduction for MORTGAGE INTEREST PAID TO BIG BANKS, and offering a $1 tax credit for every $2 of equity gained in your home purchase.

In other words...stop rewarding people for giving banks money and start rewarding them for building real equity in their homes.

Wed, 01/29/2014 - 05:08 | 4378936 Johnny Cocknballs
Johnny Cocknballs's picture

How about stop distorting markets and fucking renters and no more such deductions at all?

Restore Glass-S, lockbox FICA, make payroll tax progressive, raise cap gains, tax fin transactions, tax foreclosures, and legalize, regulate and tax weed.

 

And stop Israelifying the fuvkin' cops and eliminate DHS.

Wed, 01/29/2014 - 06:39 | 4379008 outofideas
outofideas's picture

Thats a lot of taxing you are asking for.

Wed, 01/29/2014 - 08:32 | 4379144 CaptainObvious
CaptainObvious's picture

I've got a better idea.  Eliminate 90% of the Federal gubmint and the taxes that are necessary to pay for that chunk of gubmint.  That'll help the middle class.  Also, let us opt out of Social Security.  They can keep what they've already stolen from me (not like I'm going to get anything, anyway) but they can let me refrain from letting them steal more.  Creating yet another gubmint forced-retirement-savings program doesn't solve the problems of Social Security, it doubles them.  How in the fuck exactly will that help?!

Tue, 01/28/2014 - 23:44 | 4378414 onewayticket2
onewayticket2's picture

MyRAPE

Wed, 01/29/2014 - 01:12 | 4378650 LMAOLORI
LMAOLORI's picture

 

 

 

MY   ----------------------------  ra    

 

 

definition of my  "belonging to or associated with the speaker" so yes you could say that

Wed, 01/29/2014 - 10:07 | 4379398 Head_Shots_Work
Head_Shots_Work's picture

ok - best one yet - deserves more than the 1 up I can give it - thanks 'onewayticket2' - so MyRA is a onewayticket2'hell' then? good job - sounds like a gubermint acronym, My Retirement Account Private Equity? My Retirement Account Personal Equity? 

Wed, 01/29/2014 - 12:20 | 4380011 LMAOLORI
LMAOLORI's picture

 

 

You got it - obama was the speaker :) it will surely be safe just like the social security trust fund they looted

Tue, 01/28/2014 - 23:45 | 4378416 ghengis86
ghengis86's picture

any risk of a US downgrade?

Turbo Tim : no risk.

No?

TT: No risk of that

Tue, 01/28/2014 - 23:53 | 4378441 Dr. Engali
Dr. Engali's picture

Can I make a direct deposit from my EBT card?

Tue, 01/28/2014 - 23:53 | 4378451 NoDebt
NoDebt's picture

Obviously, yes.  In fact, it's already being deducted startting next week.

Wed, 01/29/2014 - 00:00 | 4378495 infinity8
infinity8's picture

Yes, 3% minimum. To Opt Out, please go to . . . . .. . good luck! :)

Tue, 01/28/2014 - 23:53 | 4378447 Crawdaddy
Crawdaddy's picture

I see them too. Time for a tax strike damnitalltohell.

Sun, 02/02/2014 - 10:58 | 4393304 creeper
creeper's picture

You made me log in just to up-arrow this comment.

Tue, 01/28/2014 - 23:56 | 4378402 TruthInSunshine
TruthInSunshine's picture

No Risk; Guaranteed Returns -

Designed by Bernie Madoff.

MyRA? Should be called RApeMe. Or MyAnalRAping.

MyRA - sounds like a venereal disease.

Lube it up, and BOHICA, bitchez!

Tue, 01/28/2014 - 23:59 | 4378484 Missiondweller
Missiondweller's picture

Social Security 2.0

 

The original worked so well.

Wed, 01/29/2014 - 00:49 | 4378601 Andre
Andre's picture

It would have worked better if the .gov hadn't looted it.

Gotta say, this is at least more efficient, the looting is built-in.

Wed, 01/29/2014 - 01:06 | 4378634 Meat Hammer
Meat Hammer's picture

Optional.  Until it's not.

Wed, 01/29/2014 - 00:35 | 4378575 Renewable Life
Renewable Life's picture

This fool really is stark raving mad, WTF does he think, after Bammercare, the NSA shit, and Drones every fucking where, people want to give the .gov more of their hard earned money to "keep safe"!! This shit is unreal, he really is surrounded by socialist elites and fucking con men! There is no other explaination for this delusional shit!

Tue, 01/28/2014 - 23:41 | 4378383 Ray1968
Ray1968's picture

Must refuse to feed the beast!

Tue, 01/28/2014 - 23:44 | 4378406 Cacete de Ouro
Cacete de Ouro's picture

MyRA? Wasn't that the Kenyan midwife who delivered Barry?

Wed, 01/29/2014 - 00:38 | 4378577 TruthInSunshine
TruthInSunshine's picture

He says MyRA

We say OurRA

He says TheirRA

We say wait, WhoseRA?

"OurRA"

"OurRA or YourRA?"

Potato

Potata

Tomato

Tomata

Let's call the whole thing off

Wed, 01/29/2014 - 00:04 | 4378504 Wahooo
Wahooo's picture

Can't wait for the Hitler video on Myra.

Tue, 01/28/2014 - 23:42 | 4378396 Thunderwall
Thunderwall's picture

Almost broke out the Dark Eyes while watching that load of shit, because in the end, its what we'll all be drinking...

Wed, 01/29/2014 - 00:09 | 4378516 runswithscissors
runswithscissors's picture

no risk for who? My RA=ponzi

Wed, 01/29/2014 - 01:19 | 4378666 the6thBook
the6thBook's picture

No risk = 0.1% return

Wed, 01/29/2014 - 01:31 | 4378690 XRAYD
XRAYD's picture

The only way it is no-risk is if in physical GOLD (1/100th oz pennies?) not in control of Washington or JPM. Real gold in real (not Gore's) box to which each individual only has the key!

But how can Obama or Congress even really even think about it without lying - the only thing they are good at.

Wed, 01/29/2014 - 02:31 | 4378786 A Nanny Moose
A Nanny Moose's picture

In the annals of history this has happened exactly ZERO times.

On a long enough timeline, all your assets are belong to us.

Too bad J6P doesn't get that.

Wed, 01/29/2014 - 08:12 | 4379118 SAT 800
SAT 800's picture

No Risk ! unless you're clever enough to understand that the "numbers" you get back won't buy what the numbers you put in would buy. This confusion between dollar numbers and buying power is what allows them to run this inflation game in the first place; if every man woman and child in the US was screamin' all day every day about their money buying less and less alll the time; they wouldn't be able to get away with it. I have a friend, right now, who's worked very hard most of his life, he just turned sixty, as a Union Carpenter, and his retirement is 100% in a Money Market Fund; because, as he says, "it's safe". I can convince him that he paying for this "safety"; with shrinking purchasing power, he's not stupid; but I can't talk him into any kind of active investment; because it might make a "loss". There's some kind of tremendous module in the normal human brain that just looks at the number, $50,000, or whatever, and then says, well, okay, "it's all still there"; but of course, it's NOT all still there, because what you're trying to save is buying power, not numbers. the reason a very wise old man called Bonds "Instruments of guaranteed confistication" is that the guy whose in charge of setting the value of the counting unit, is the guy you gave the money too; and he also has all the machine guns and all the air-to-ground attack capability, and so forth; why the hell should he give you back what you gave him, when he can keep part of it and spend it and there isn't a damn thing you can do about it? And that';s exactly what this so-called "inflation" is; a ritual of stealing. By time the frog realizes the govt. bath is getting kind of warm, it seems simpler to just put his head back and take a little nap before he goes to all the trouble of getting out of the bath; and that's that. I'm sure they've run this by some opinion groups already and they already know a certain percentage of people are going to go for this. As long as my Silver Quarter still buys a gallon of gas, I know I've got the right idea, and not the wrong idea; that's my experimental proof.

Tue, 01/28/2014 - 23:46 | 4378400 booboo
booboo's picture

and John Corzine will be the custodial

Wed, 01/29/2014 - 00:58 | 4378613 TruthInSunshine
TruthInSunshine's picture

Free The Honorable Jon S. Corzine if and when he's ever not free (which he'll always be).

Tue, 01/28/2014 - 23:45 | 4378415 rubiconsolutions
rubiconsolutions's picture

I watched "Chopped" on the Food Network. Did I miss anything?

Wed, 01/29/2014 - 00:11 | 4378527 Kirk2NCC1701
Kirk2NCC1701's picture

Crap! What'd I miss on Chopped?

They need the Congressional equivalent of that show.

Or, Congressmen should be made to pitch to The Sharktank.

Wed, 01/29/2014 - 00:55 | 4378612 The Heart
The Heart's picture

How can you lose what is pert near worthless to begin with?

Wed, 01/29/2014 - 05:20 | 4378944 ebear
ebear's picture

Not gone, just rehypothecated:)

Wed, 01/29/2014 - 06:47 | 4378999 Disenchanted
Disenchanted's picture

MYRA: Make Your Returns Atrophy

Wed, 01/29/2014 - 07:00 | 4379022 doctor10
doctor10's picture

Looks like the "anticipated returns" on ObamaCare haven't materialized. So just like on WallSt-here comes another "product"-which "you will" purchase.

Wed, 01/29/2014 - 00:14 | 4378343 Crawdaddy
Crawdaddy's picture

I'm sure this will work out as planned. For them, not us.

The more I think about it, it will likely end up next to Gerald Ford's WIN (Whip Inflation Now) buttons from the 70's. A Mad Men slogan and no lasting impact.

Milton Friedman, mastermind of the FICA tax, is dead. There is nobody in the current crop of intefectuals who can come up with a way to make myra work.

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