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Here Comes The Economist-In-Chief: Obama Takes Unilateral Charge

Tyler Durden's picture





 

First MyRA, now this:

  • OBAMA SAYS HE'S PREPARED TO ACT WITHOUT CONGRESS ON ECONOMY
  • OBAMA SAYS WASHINGTON CAN EITHER HELP OR HINDER ECONOMIC GROWTH

So how long until the Economist-In-Chief extends presidential term limits with executive order.

 


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Wed, 01/29/2014 - 11:30 | Link to Comment Gene Parmesan
Gene Parmesan's picture

Just in time for the debt ceiling spectacle.

Wed, 01/29/2014 - 11:32 | Link to Comment Millivanilli
Millivanilli's picture

Remember the summer of recovery- 2010 

 

The American Recovery Act will create 250-500 k jobs a month.  Shovel Ready

A trillion later..

Obama- Shovel ready not so shovel ready

http://www.youtube.com/watch?v=O55aRrvXtio

Wed, 01/29/2014 - 11:31 | Link to Comment Temporalist
Temporalist's picture

I remember...that the markets went up every year of the recover(ies).

Wed, 01/29/2014 - 11:35 | Link to Comment camaro68ss
camaro68ss's picture

most mean we are closer to the S*** hitting the fan then we thought

Wed, 01/29/2014 - 11:39 | Link to Comment kaiserhoff
kaiserhoff's picture

Scumbamb Care is going so well,

  he has plenty of time on his hands to fight a major war in the Middle East, and fuck up the rest of the once free world.

Wed, 01/29/2014 - 11:43 | Link to Comment camaro68ss
camaro68ss's picture

Bernanke hands yellen the stick of TNT already lit, “good luck”

Wed, 01/29/2014 - 11:51 | Link to Comment TheGoldMyth
TheGoldMyth's picture

Flo Whites "Money Bomb" (Music)
http://www.youtube.com/watch?v=2IKSyj5z6I4

Wed, 01/29/2014 - 11:58 | Link to Comment Stuart
Stuart's picture

I wish Obama would just STFU!   If he wants to impress... start throwing the fraudulent scumbags behind bars, starting with Holder himself..

Wed, 01/29/2014 - 12:02 | Link to Comment Pool Shark
Pool Shark's picture

 

 

I'd be willing to bet he doesn't even understand basic fractional-reserve lending...

 

Wed, 01/29/2014 - 12:10 | Link to Comment TruthInSunshine
TruthInSunshine's picture

*** cnBSheeple Breaking News Alert***

" President Obama prepared to sign Executive Order allowing him to "fill in" cash close numbers on U.S. Equity Market indexes."

*** This Has Been A cnBSheeple Breaking News Alert***

Wed, 01/29/2014 - 12:16 | Link to Comment Save_America1st
Save_America1st's picture

most in CON-gress don't understand the fractional reserve banking system. 

Read Ron Paul's "End The Fed"...he even said as much in the book that most politi-scums don't have a clue how the system works, which is how the Fed and the gangster banksters and Wall Street scum like it to be as so that they can dominate them and buy them off with lots of money.   The politi-scum don't ever want to admit to the people that they don't have a clue about how things work, so they just lie to everyone about how ignorant they really are.  That's why they're the puppets of the puppet master banksters.

Of course obama doesn't have a fucking clue about any of this shit.  That's a no-brainer, man.  Do you think he knows anything about anything he reads on the teleprompter?  Do you think he knows anything about running General Motors or bankruptcy law?  Do you think he knows anything about running the healthcare system or had anything to do with writing obamacare???

Do you think he knows anything about international banking, foreign relations, national defense, weather forecasting, changing a flat tire, or even wiping his own ass???

The answer is "NO", which has made him the perfect Manchurian Candidate for president and the ultimate puppet whose brain is only stuffed full of the Marxism he was raised with and the rest is what's left in the rottenness of his disgusting sociopathic mind.

Wed, 01/29/2014 - 12:42 | Link to Comment gonetogalt
gonetogalt's picture

GREAT RANT!!!

Wed, 01/29/2014 - 12:43 | Link to Comment SAT 800
SAT 800's picture

Exactly. very good post.

Wed, 01/29/2014 - 11:52 | Link to Comment de3de8
de3de8's picture

SS, good one, I like

Wed, 01/29/2014 - 12:08 | Link to Comment KickIce
KickIce's picture

Got me thinking Bugs Bunny with that one.

Like Bugs thowing the TNT into the powder room on the ship and waiting for Sam to retrieve it.

Wed, 01/29/2014 - 13:05 | Link to Comment Al Capowned
Al Capowned's picture

Bernanke hands yellen the stick of TNT already lit, “good luck”

This comment made my day thank you !

Wed, 01/29/2014 - 11:44 | Link to Comment ArkansasAngie
ArkansasAngie's picture

Hey ... Obummer ... put YOUR money where your mouth is.  Make this your sole retirement fund.  

BTW -- YOU sign up for Obamacare and make it your one and only source of healthcare.

 

Wed, 01/29/2014 - 12:52 | Link to Comment Glasnost
Glasnost's picture

Soviet time in amerika bitchez!

Wed, 01/29/2014 - 11:36 | Link to Comment Millivanilli
Millivanilli's picture

Shrodinger's obama

 

The recovery has created millions of jobs....  We need to continue funding the  long term unemployed. 

 

 

Wed, 01/29/2014 - 11:40 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Smacks me more of a Mobius strip than a postulated cat.

Wed, 01/29/2014 - 11:46 | Link to Comment ArkansasAngie
ArkansasAngie's picture

I'd rather the money being spent on safety net stuff be spent on creating public sector jobs.  Just say NO to day time TV

Wed, 01/29/2014 - 11:49 | Link to Comment Gene Parmesan
Gene Parmesan's picture

Right, because we don't have enough public sector employees. Get a private sector job and take your hand out of my pocket, Angie.

Wed, 01/29/2014 - 11:41 | Link to Comment jcaz
jcaz's picture

Go fuck yourself, Barry- weren't you trying to fix healthcare last week? 

Wed, 01/29/2014 - 11:43 | Link to Comment Millivanilli
Millivanilli's picture

Shhhh... Using long term memory will buy you long term stay at camp fema.   

 

 

Wed, 01/29/2014 - 14:26 | Link to Comment A Nanny Moose
A Nanny Moose's picture

C'mon...who doesn't like camp?! Bonfires, weenie roasts, swimming, canoeing (boating accidents). What's not to like?

Wed, 01/29/2014 - 11:46 | Link to Comment XitSam
XitSam's picture

You didn't say that.

Wed, 01/29/2014 - 11:36 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

"Hey everybody, the president's giving away free shit again!"

Wed, 01/29/2014 - 11:39 | Link to Comment camaro68ss
camaro68ss's picture

Every buddy in Cleveland has a bama fone. He gave us a fone, keep bama prezadent, you know

Wed, 01/29/2014 - 18:47 | Link to Comment Zymurguy
Zymurguy's picture

This was the "army" he was speaking about... when his term is up and he deicdes to stay he'll have millions of minions ready to step up and vote for some amendment to keep him in the office.

Wed, 01/29/2014 - 11:47 | Link to Comment XitSam
XitSam's picture

"Hey everybody, the president's giving us someone else's shit again!"

Wed, 01/29/2014 - 13:17 | Link to Comment quasimodo
quasimodo's picture

It's a sunny day, every night on her back thats spent

 

Wed, 01/29/2014 - 11:43 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Yes, I also remember Bush signing TARP/TALF after Hank "tanks in the streets" Paulson held a gun to your "representation's" head and demanded a fucking bailout.

Fuck both "partries", it's obvious there is only ONE party.


The republic has been lost to fascism/cronyism.  Blood was required to build the republic and blood will be required to restore it, nothing will change otherwise.

Wed, 01/29/2014 - 11:59 | Link to Comment corporatewhore
corporatewhore's picture

^^^^^^^^^truth this.

Wed, 01/29/2014 - 13:25 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Horseshit is always shovel ready.

Wed, 01/29/2014 - 11:32 | Link to Comment thunderchief
thunderchief's picture

I thought the religous right and GW were a bunch of crazies.

This guy brings it to whole new level.

 

Wed, 01/29/2014 - 11:32 | Link to Comment camaro68ss
camaro68ss's picture

Yes We Can!

Wed, 01/29/2014 - 11:51 | Link to Comment Clowns on Acid
Clowns on Acid's picture

you weren't paying attention and just listening / watching LSM. wake the fuck up..

Wed, 01/29/2014 - 12:01 | Link to Comment Ms. Erable
Ms. Erable's picture

And now you get to see first-hand the religion of the left, Statism, in action.

Wed, 01/29/2014 - 12:47 | Link to Comment SAT 800
SAT 800's picture

You got that right.

Wed, 01/29/2014 - 11:36 | Link to Comment slaughterer
slaughterer's picture

Obama will extend his term limit to 3 terms "to get the job done for team USA" by executive decree and Biden will laugh and point the finger at Congress like the Joker from Batman while Boehner cries in the corner.  

Wed, 01/29/2014 - 11:52 | Link to Comment the not so migh...
the not so mighty maximiza's picture

they will be like the Roman senate, a powerless body with a bunch of cry babies

Wed, 01/29/2014 - 11:58 | Link to Comment kralizec
kralizec's picture

Umm...how about "are"?

Wed, 01/29/2014 - 12:20 | Link to Comment the not so migh...
the not so mighty maximiza's picture

why is my spelling always being corrected, this is not fight club, its like the english teachers accociation or something. i think i actually got reported yesterday for bad spelling, heheheheh

Wed, 01/29/2014 - 12:47 | Link to Comment BigRedRider
BigRedRider's picture

@the not so mighty, you said "they will be like the Roman senate, a powerless body with a bunch of cry babies"

kralizec answered "Umm...how about "are"?"

You then said "why is my spelling always being corrected, this is not fight club, its like the english teachers accociation or something. i think i actually got reported yesterday for bad spelling, heheheheh"

What kralizec inferred was that "they "ARE" the Roman senate, a powerless body with a bunch of cry babies"  Kralizec replaced "will be like" with "ARE".

OK, there will be a spot test tomorrow.  Stay sharp.

Wed, 01/29/2014 - 12:49 | Link to Comment BigRedRider
BigRedRider's picture

@the not so mighty, you said "they will be like the Roman senate, a powerless body with a bunch of cry babies"

kralizec answered "Umm...how about "are"?"

You then said "why is my spelling always being corrected, this is not fight club, its like the english teachers accociation or something. i think i actually got reported yesterday for bad spelling, heheheheh"

What kralizec inferred was that "they "ARE" the Roman senate, a powerless body with a bunch of cry babies"  Kralizec replaced "will be like" with "ARE".

OK, there will be a spot test tomorrow.  Stay sharp.

Wed, 01/29/2014 - 13:53 | Link to Comment the not so migh...
the not so mighty maximiza's picture

ok ok i got it, you don't have to tell me twice teach

Wed, 01/29/2014 - 12:46 | Link to Comment HoofHearted
HoofHearted's picture

Beware the Ides of March.

Who has the testicular fortitude to be Brutus? 

Wed, 01/29/2014 - 11:53 | Link to Comment The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Ahh Johnny boy boehner, now thats a political cuckhold

Wed, 01/29/2014 - 12:01 | Link to Comment SheepDog-One
SheepDog-One's picture

This single clown actually believes he can pilot the entire U.S. economy HIMSELF? And no one in clowngress, no not 1, is challenging it at all? If we lived in a country with any sanity left there would be tanks surrounding Wash DC!

Wed, 01/29/2014 - 12:35 | Link to Comment viahj
viahj's picture

pretty sure it Valerie Jarret who thinks this.

Wed, 01/29/2014 - 12:45 | Link to Comment SAT 800
SAT 800's picture

Just what I always wanted a President who's going to ignore Congress and make it up as he goes along. Way to Go ! That's why we have the Constitution, right? well, isn't it, right? No. Oh.

Wed, 01/29/2014 - 12:38 | Link to Comment European American
European American's picture

Armed Citizens and a Fascist Police State cannot coexist.

Wed, 01/29/2014 - 13:21 | Link to Comment Drifter
Drifter's picture

Uhhh, I think they've been coexisting quite a while now actually.

America is proving "armed citizens" means nothing anymore when those "armed citizens" only think about protecting themselves.  

None care about the state of the nation, what govt is doing, etc.

I predict America will go full communist with nationwide gun ban, and "armed citizens" won't do a thing about it.

Wed, 01/29/2014 - 11:30 | Link to Comment The_Ungrateful_Yid
The_Ungrateful_Yid's picture

FML...............I need a time machine

Wed, 01/29/2014 - 11:30 | Link to Comment madcows
madcows's picture

So, what, he hasn't worked with congress to fix the economy over the last 5 years?  What a bozo.

Wed, 01/29/2014 - 11:49 | Link to Comment thunderchief
thunderchief's picture

 

MY TAKE OF OBAMA'S MIRA ACCOUNTS...

My thinking is they will keep on Tapering, and these MIRA's will be a way of assigning every American a US Treasury account.

The government can then justify dumping all your assets into this trash can account, under your name, in the spirit of protecting your wealth. This "Treasury Trash Can Account"  will be like your SS# and use as a way of tracking your wealth, everything you do, and eventually stealing it all. 

I believe in the end they will morph SS, Obama Care, IRA's, 401ks, into one big blob of debt shit worth little more than your SNAP card, which everyone will have.  Oh yeah, that too. 

Americans will be zero sum numbers, with debt, threats and fear ruling thier lives. 

I think in the end anything will be fair game to throw into this MIRA, including your families estate.

Soon you will wake up and find your 401K and IRA have mated and had little MIRA kittens. 

Good luck, and don't even think of buying gold, silver, platinum.

Wed, 01/29/2014 - 12:11 | Link to Comment SheepDog-One
SheepDog-One's picture

No doubt! First it was China buyin up our debt, next it was the FED itself, now it's time to initiate 'The Final Solution' and dump all that debt on the american lower classes head, and everyone is just sitting there going 'duh?'

Wed, 01/29/2014 - 11:31 | Link to Comment stant
stant's picture

He's gone full retard and everybody knows you never go. ?

Wed, 01/29/2014 - 11:59 | Link to Comment GolfHatesMe
GolfHatesMe's picture

In reality was only about 2 feet from where he was

Wed, 01/29/2014 - 11:30 | Link to Comment Iocosus
Iocosus's picture

Well, his actions demonstrate that he's anti-American. When's he gonna let everyone know he's the anti-Christ? Katy Perry and Beyonce can open the disclosure with some ritual music.

Wed, 01/29/2014 - 11:31 | Link to Comment fonzannoon
fonzannoon's picture

Snowden will win the Nobel peace prize, and Obama will invite him back with a public apology and when he gets here Michael Grimm will throw him off the balcony.

Wed, 01/29/2014 - 11:30 | Link to Comment blabam
blabam's picture

The fuck Barry? You've never even run a business. 

Wed, 01/29/2014 - 11:33 | Link to Comment camaro68ss
camaro68ss's picture

Community organizer, its close enough right?

Wed, 01/29/2014 - 11:46 | Link to Comment Cacete de Ouro
Cacete de Ouro's picture

Advisors: "You know about business and economics Barry?"

Barry: "Sure, it's like when we used to buy that weed from the dealer in Hawaii and we'd drive back down the hill totally out of it. Funny times. Eh where was I? ..Ye, well that dealer bought the grass from some other dude, and made a free bag for hisself..,now that's economics, ain't it?"

Advisors: "Eh..eh...yess sireee"

Wed, 01/29/2014 - 11:30 | Link to Comment Temporalist
Temporalist's picture

MyRApe

 

That was my favorite.

Wed, 01/29/2014 - 11:32 | Link to Comment Dr. Engali
Dr. Engali's picture

So Matt Drudge put out a four word tweet ..."have an exit plan"

 

I wonder what he meant.

Wed, 01/29/2014 - 11:36 | Link to Comment Obama_4_Dictator
Obama_4_Dictator's picture

Expand his tweet adn it reveals the word "collapse"

Wed, 01/29/2014 - 11:39 | Link to Comment Gene Parmesan
Gene Parmesan's picture

Sounds like he finally discovered ZH.

Wed, 01/29/2014 - 11:59 | Link to Comment The_Ungrateful_Yid
The_Ungrateful_Yid's picture

I think he means It's going to be Kristalnacht II, and time to pack up your shit and leave the us if you can.

Wed, 01/29/2014 - 11:32 | Link to Comment undercover brother
undercover brother's picture

Obama has become our very own Kim Jong Un.  No one takes this ass-hat seriously anymore. He's just a sideshow freak now.  

Wed, 01/29/2014 - 11:42 | Link to Comment Panem et Circus
Panem et Circus's picture

I junked you. But not because i like this socialist that is destroying the country I love. Unfortunately, he told the truth when he was campaigning about things like "fundamental transformation," that he is for a "single payer healthcare plan", that he "owes those unions, big time", etc etc. In short I junked you because we have not taken this assclown serious enough.

 

Wed, 01/29/2014 - 11:48 | Link to Comment unrulian
unrulian's picture

In our case he isn't just throwing his crazy uncle to the dogs; he throws everybody

 (he makes crazy uncle his VP)

Wed, 01/29/2014 - 11:31 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

Why can't we have coups like other places? 

 

Sheesh.

Wed, 01/29/2014 - 11:49 | Link to Comment unrulian
unrulian's picture

stop filling the EBTs and see what happens

Wed, 01/29/2014 - 12:00 | Link to Comment The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Nigs gone wild?

Wed, 01/29/2014 - 12:01 | Link to Comment kralizec
kralizec's picture

That's a riot, not a coup...get a coup dude!

Wed, 01/29/2014 - 12:10 | Link to Comment Ms. Erable
Ms. Erable's picture

We've had several: 1861, 1913, 1933, 1963, 2001, 2008.

Wed, 01/29/2014 - 12:40 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

Really?  In the sense I mean?

Or are you commited to being a pedantic douche?

Wed, 01/29/2014 - 12:44 | Link to Comment Ms. Erable
Ms. Erable's picture

So it's my fault you're an ignorant fucktard? Read a book, asshat, starting with the dictionary.

Wed, 01/29/2014 - 13:12 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

No, it's your fault that you're a pedantic douche.  In all probability, I'm significantly more intelligent than you - clearly I know what coup means broadly, you know what I meant, but you had to be a cunty douche.

It's your need to be a douche that's at issue. 

You also seem to think that the alleged misuse of a single word is a litmus test for being ignorant?  Which is something only an ignorant fucktard, as you'd say, would assert.

lol.

Wed, 01/29/2014 - 13:55 | Link to Comment Ms. Erable
Ms. Erable's picture

No, I think you're an ignorant fucktard because you don't recognize that several coups have occurred during the history of the USA. If you knew what coup means broadly, you'd be able to see this. Since you can't or won't see this, you're ill-educated, ill, informed, or unable to mentally grasp even the simplest of concepts. In other words, an ignorant fucktard.

Have the last word - I've wasted more time with you than you're worth.

 

Wed, 01/29/2014 - 14:24 | Link to Comment Seize Mars
Seize Mars's picture

What's a fucktard, anyways? Like a retard? Or a person has retardation in the way that they fuck? As for me, i fuck like a goddamned Aztec warrior. (Yelling, waving my arms, the whole deal.)

Wed, 01/29/2014 - 11:35 | Link to Comment Tinky
Tinky's picture

Why not raise the minimum wage to $60/hour? I mean, if your personal checking account were overdrawn by a few million dollars that you could never possibly repay, why buy a Kia with your next check when you can just as easily 'afford' a Mercedes?

Wed, 01/29/2014 - 11:41 | Link to Comment TeamDepends
TeamDepends's picture

Can we buys an Escylade?

Wed, 01/29/2014 - 11:45 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

No needz monay fo yo escaladz.  Y'all finance that shit.  Y'all needz money fo yo first time savings.

Wed, 01/29/2014 - 14:37 | Link to Comment Billy Sol Estes
Billy Sol Estes's picture

I literally cannot wait to see the commercials trying to sell MyRA to that community. They are coming...

 

Wed, 01/29/2014 - 11:44 | Link to Comment Panem et Circus
Panem et Circus's picture

Because they need the sideshow that the fight causes each time to distract the sheep into Red Team/Blue Team.

Wed, 01/29/2014 - 11:33 | Link to Comment XAU XAG
XAU XAG's picture

 

 

surreal

 

FUBAR!

Wed, 01/29/2014 - 11:32 | Link to Comment Long-John-Silver
Long-John-Silver's picture

This is an attempt to head off the crash. If you don't have physical Gold and/or Silver your screwed. Also go stock up on food ASAP.

Wed, 01/29/2014 - 11:37 | Link to Comment Panem et Circus
Panem et Circus's picture

Just wait till Yellen fires up the presses in an attempt to save his/her legacy. Au/AG/food = unobtanium.

Wed, 01/29/2014 - 11:42 | Link to Comment RobD
RobD's picture

Beans, Bullets, Band-ads and Bullion. Oh and my avatar.

Wed, 01/29/2014 - 12:47 | Link to Comment Panem et Circus
Panem et Circus's picture

Don't forget FourChan's avatar... but then again, if you have the others, you can easily buy those!

Wed, 01/29/2014 - 12:53 | Link to Comment El Vaquero
El Vaquero's picture

I have silver, but gold is out of my price range.  I also have plenty of lead.  For those stocking up on food, having enough to last until you can get a harvest is a really good idea, but you had better start learning how to produce your own and learning how to save your own seed.  Don't go with those prepper seed packages that advertise shit like "100,000 Seeds!" either.  Here are three articles on this topic from a farmer who actually grows food, the second of which has recommendations quantities of seeds to have:

 

http://www.motherearthnews.com/organic-gardening/survival-seed-banks-zbc...

http://www.motherearthnews.com/organic-gardening/survival-seed-banks-par...

http://www.motherearthnews.com/organic-gardening/survival-seed-banks-par...

Wed, 01/29/2014 - 11:34 | Link to Comment the not so migh...
the not so mighty maximiza's picture

i wonder what first act the supreme leader will do

Wed, 01/29/2014 - 11:48 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Choom Royale.

Wed, 01/29/2014 - 11:39 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

If you like your retirement plan you can keep your retirement plan. If Obamasavings is anything like Obamacare count me out. We are seeing how much that is helping the economy.

Wed, 01/29/2014 - 11:34 | Link to Comment Caveman93
Caveman93's picture

Why are we still talking about the "eCONomy" seriously? Didn't we have the summer of recovery like 5 years ago? What did I miss?

Wed, 01/29/2014 - 11:36 | Link to Comment BudFox2012
BudFox2012's picture

Wonder how long before we have to post large posters of Obama on the wall at work, with the subtitle "Hard Work Will Earn You Freedom".  Oh wait, none of us will have a job, so I won't have to worry about that one I guess.

Wed, 01/29/2014 - 12:24 | Link to Comment falak pema
falak pema's picture

Its just the "pursuit of" part which is confusing.

Wed, 01/29/2014 - 12:09 | Link to Comment markar
markar's picture

naw The German translation has a better ring to it.

Wed, 01/29/2014 - 11:36 | Link to Comment Panem et Circus
Panem et Circus's picture

Panem et Circenses people. This routine is as old as time, just has a slightly different accent each time. The Republic fell long before the Rubicon was crossed. It started with the Gracchi brothers election campaign tecniques.

Wed, 01/29/2014 - 14:29 | Link to Comment Seize Mars
Seize Mars's picture

Good one bro. You're right.

Wed, 01/29/2014 - 11:38 | Link to Comment Spungo
Spungo's picture

And let me tell you about these FEMA camps. They have been stockpiling black plastic coffins outside of Dalla, Texas, ladies and gentlemen. I've seen them. There are over 200 billion of them. We don't even have that many people. We're talking clones here, life extension, they want to put tracking devices in your uterus and take your guns!

/Alex Jones

Wed, 01/29/2014 - 11:45 | Link to Comment Race Car Driver
Race Car Driver's picture

Imangine what Bill Hicks would say?

Oh, wait ....

Wed, 01/29/2014 - 11:38 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Serious question. If you have a 401k with a bank managing your investments they offer for the 401k and the bank goes tits up do you lose the investment money if was invested outside the bank in the stock market or bonds even though they are managing it?

Wed, 01/29/2014 - 11:38 | Link to Comment Panem et Circus
Panem et Circus's picture

Do you hold the physical stock certificates? If you can't hold it, you don't own it.

Wed, 01/29/2014 - 11:51 | Link to Comment insanelysane
insanelysane's picture

Exactly.  Look up MF Global.  Those clients also owned their own stuff.  Waiting for the storage company down the road to get into financial trouble and then have a giant yard sale and sell everyone's stuff out of the lockers.  Just say that they are John Corzine and it is perfectly legal.

Wed, 01/29/2014 - 12:55 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

I don't invest in paper period. For legal purposes myself and a family member have 2 self directed IRA LLC's set up with each of us as a custodian for the other with each LLC. We do it primarily to buy gold and silver tax free for retirement purposes legally and be able to hold it at the same time.

It was really more so for other familiy members. They may at some point and if they go after the savings roll all their stuff into these LLCs to protect them from confiscation through controlled burn of the system.

Wed, 01/29/2014 - 11:39 | Link to Comment surf0766
surf0766's picture

"So how long until the Economist-In-Chief extends presidential term limits with executive order."

Was that not the plan all along. It was already openly discussed

 

Wed, 01/29/2014 - 11:39 | Link to Comment slaughterer
slaughterer's picture

6 more years of Tele-Mulato and the Wookie.  

Wed, 01/29/2014 - 11:42 | Link to Comment Spungo
Spungo's picture

"Do you hold the physical stock certificates? If you can't hold it, you don't own it."

I stole a ton of shit from IBM after quitting my job, so yes I do hold my share of the company.

Wed, 01/29/2014 - 11:50 | Link to Comment TrustWho
TrustWho's picture

Spungo,..."I stole a ton of shit from IBM after quitting my job, so yes I do hold my share of the company."

NSA can find you...be careful. You do not need to help them make your life hell.

Wed, 01/29/2014 - 11:44 | Link to Comment WTFUD
WTFUD's picture

Alexander the Great; Atilla the Hun; Barry the Pimp.
If you can't baffle them with brilliance, baffle them with bullshit.
Never give a sucker an even break.
W.C. Fields

Wed, 01/29/2014 - 11:44 | Link to Comment ShrNfr
ShrNfr's picture

How about a recall election using the second amendment. It is overdue.

Wed, 01/29/2014 - 11:45 | Link to Comment The Wisp
The Wisp's picture

Individual Retirement Account, but with holdings backed by the U.S. government like savings bonds.

  ( Oh we all know what Government Debt Bonds are Worth Sign me up )

Big Freeking ( Sarcasm tag  )

Wed, 01/29/2014 - 11:45 | Link to Comment Cursive
Cursive's picture

The Fed's been unilaterally and dictatorily fucking up the economy for over 100 years, so this is not news.

Wed, 01/29/2014 - 11:49 | Link to Comment insanelysane
insanelysane's picture

It hit me the other day.  Obama is that kid in your neighborhood that when you all got together to build a fort or dirt track, that one kid keeps throwing out the most outlandish ways to do things.  At first you would actually here what he said and process the suggestion and determine that it was ridiculous.  Over time, you just tuned him out and although he kept talking.  O is that guy.  You know, a bunch of 10 yr olds working on something and this kid is saying stuff like all we need is a bull dozer and crane and we can get this done.  Crazy talk.

Wed, 01/29/2014 - 11:58 | Link to Comment Cursive
Cursive's picture

@insanelysane

Rube Goldberg.  Those who wish to acculumate power tend to make everything more complicated than it really is.

Wed, 01/29/2014 - 11:59 | Link to Comment Hayabusa
Hayabusa's picture

More like:

 

Obama:  "You didn't build that."

Wed, 01/29/2014 - 11:50 | Link to Comment IridiumRebel
IridiumRebel's picture

He extends term limits and you will see revolt by folks.

Wed, 01/29/2014 - 11:57 | Link to Comment insanelysane
insanelysane's picture

If he extends term limits Hilary is going to give him the old Arkansas #7 aka the Vince Foster treatment.

Wed, 01/29/2014 - 11:55 | Link to Comment loveyajimbo
loveyajimbo's picture

And the Supremes are still playing the "Pull out your thumb, that thing ain't a plum" game...  No wonder Obunga wanted to confiscate all the guns...

Wed, 01/29/2014 - 11:55 | Link to Comment Cornholiovanderbilt
Cornholiovanderbilt's picture

He won't do that.  He misses the daily visits to the bathhouse

Wed, 01/29/2014 - 11:58 | Link to Comment Hayabusa
Hayabusa's picture

I don't watch Obama speeches.  He is not my leader, he is employed by the people who elected him to act in their best interest - clearly Obama et al is not acting in my best interest or that of the 99%.  Like Bush, he pretends to care and act in our best interest out here... but instead enriches the 1% while allowing their tax liability to be almost nil - the numbers don't lie.  He is a tool of the rich (as are 99% of those on capitol hill) which I have no control over.  My choice... ignore them as much as possible and isolate my life and family from their cronyism, manipulation, war mongering and instead exercise control over the only person that matters in this scenario - me. 

They are not my leaders.  I do not look up to them for anything anytime.  My goal is to become as independent of them as I possibly can and to avoid their toxic influence on my life as much as possible. 

Laws are made by men, only men who have no right to rule me as long as I'm minding my own business and not hurting anyone else.  Why more people don't question the self-annointed right others claim to make laws for others to live by is a mystery to me... life, liberty and the pursuit of happiness.

Wed, 01/29/2014 - 11:59 | Link to Comment pragmatic hobo
pragmatic hobo's picture

either you are with me or against me!

Wed, 01/29/2014 - 12:01 | Link to Comment Hayabusa
Hayabusa's picture

and if you are against me, I will label you a "terrorist"

Wed, 01/29/2014 - 12:00 | Link to Comment FrankDrakman
FrankDrakman's picture

"Economist-in-chief"?

Too many freakin' syllables. Here's a simpler, and more accurate, term: "King"

Wed, 01/29/2014 - 12:12 | Link to Comment WhiteHose
WhiteHose's picture

LMAO! "Its good to be King"!

Wed, 01/29/2014 - 12:10 | Link to Comment Sudden Debt
Sudden Debt's picture

Obama: IN THE BEST INTEREST OF THE AMERICAN PEOPLE I HAVE DECIDED TO RUN A 3th TERM AND CANCEL ALL ELECTIONS BECAUSE THEY COST TO MUCH MONEY!

SAVINGS WHERE IT MATTERS!!

Wed, 01/29/2014 - 12:17 | Link to Comment smacker
smacker's picture

"So how long until the Economist-In-Chief extends presidential term limits with executive order."

 

Does it really matter??

Whichever party/president you vote for, you get a member of the same gang of criminals.

Wed, 01/29/2014 - 12:19 | Link to Comment Spungo
Spungo's picture

"NSA can find you...be careful. You do not need to help them make your life hell."

No worries. I've never worked for IBM and I don't own shares in IBM. I wouldn't joke about something I actually did.

Wed, 01/29/2014 - 12:20 | Link to Comment youngman
youngman's picture

He truly thinks he is the best thing that ever happened to the USA..or even the world...he thinks he should be KING

Wed, 01/29/2014 - 12:20 | Link to Comment falak pema
falak pema's picture

Quick find him a Julie Gayet! 

Wed, 01/29/2014 - 12:49 | Link to Comment XAU XAG
XAU XAG's picture

 

 

 

 

The only King he should be is BURGER KING!

 

For all the whoppers that trickle from his pie hole!

Wed, 01/29/2014 - 12:28 | Link to Comment Woodhippie
Woodhippie's picture

Maybe if he did extend Presidential term limits the 3% it takes to rebel might finally get organized.

Wed, 01/29/2014 - 12:41 | Link to Comment Hobbleknee
Hobbleknee's picture

If Washington can create growth, why doesn't it do it all the time, at full throttle?

Wed, 01/29/2014 - 12:44 | Link to Comment roadhazard
roadhazard's picture

Anybody watch the SOTU last night. Suckers

Wed, 01/29/2014 - 14:42 | Link to Comment moneybots
moneybots's picture

"Anybody watch the SOTU last night"

 

Watched Moonshiners.  It was far more entertaining.

Wed, 01/29/2014 - 13:10 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Anyone remember this.

"The biggest problems that we're facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all. And that's what I intend to reverse when I'm president of the United States of America." - Senator Barack Obama, March 31, 2008

 

Wed, 01/29/2014 - 13:54 | Link to Comment dexter_morgan
dexter_morgan's picture

Yep. but dare you to find that anywhere today in the lamestream media.

Wed, 01/29/2014 - 14:28 | Link to Comment syntaxterror
syntaxterror's picture

Give FoodStamp the Nobel Prize for Economics! Do the right thang!

Wed, 01/29/2014 - 14:41 | Link to Comment moneybots
moneybots's picture

"OBAMA SAYS WASHINGTON CAN EITHER HELP OR HINDER ECONOMIC GROWTH"

 

Why has Obama been hindering economic growth?

Wed, 01/29/2014 - 18:24 | Link to Comment Playtime's Over
Playtime's Over's picture

Full retard.  Full speed ahead. No need of congress.......would be nice if there was an opposition party.

 

 

 

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