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"We Are From The Government And We Are Here To Offer You A No Risk, Guaranteed Return Investment Product"

Tyler Durden's picture




 

And just like that, the MyRA propaganda goes full Goebbels retard. Unfortunately, due to time differences, neither Pravda, nor Izvestia or Moskovskij Komsomolets could reply with affirmative comments due to time constraints.

From the US Treasury:

A Look At What They’re Saying About myRA Across the Country

 

By: Brandi Hoffine

 
Last month in the State of the Union, President Obama laid out specific executive actions he will take to put more Americans back to work and expand opportunity so that every American can get ahead. Speaking about the importance of securing a dignified retirement, the President announced that he would direct Treasury to create a new way for working Americans to start their own retirement savings.  According to independent estimates, about half of all workers and 75 percent of part-time workers lack access to employer-sponsored retirement plans. That is why the Obama administration designed myRA (my Retirement Account) -  a simple, safe, and affordable retirement savings account that will be offered through employers to help low- and moderate- income Americans begin to save for retirement.

 

Below is a look at what newspaper editorial boards and financial columnists across the country are saying.

Source: US Treasury

 

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Tue, 02/18/2014 - 19:50 | 4450300 Aquarius
Aquarius's picture

And, I am selling bridges.

Ho hum

Tue, 02/18/2014 - 19:54 | 4450326 LetThemEatRand
LetThemEatRand's picture

I understand that bankers and bridges are a good match, so kudos.  Sell a bunch.  I'm thinking about a nail gun franchise myself.

Tue, 02/18/2014 - 20:06 | 4450386 ShrNfr
ShrNfr's picture

You hit that one on the head.

Tue, 02/18/2014 - 20:09 | 4450403 max2205
max2205's picture

Wait till the next crisis and the Treasury 'borrows' UrIRA

And never gives it back except a nice IOU on a piece of paper

Tue, 02/18/2014 - 20:12 | 4450416 boogerbently
boogerbently's picture

Isn't that what Fonestar is promoting with bitcoin, URCurrency ?

At least with MYra, only the morons that voted him in will be dumb enough to risk their $$$ in it.

Tue, 02/18/2014 - 20:18 | 4450457 Major Major Major
Major Major Major's picture

Where is FINRA on this one?

Tue, 02/18/2014 - 20:28 | 4450506 0b1knob
0b1knob's picture

Before MyRA gets started doen't congress have to pass a law or something?   Or does Choomboy just executive action it into being?

Tue, 02/18/2014 - 20:38 | 4450561 dryam
dryam's picture

This reminds me of the SNL skit on how to save money.....

http://www.youtube.com/watch?v=QzE76nUSjL8

Tue, 02/18/2014 - 20:52 | 4450629 NoDebt
NoDebt's picture

I would invest my money with Fonestar before I'd willingly participate in an Obama investment program.

Yeah, it's that bad.

Tue, 02/18/2014 - 20:54 | 4450647 0b1knob
0b1knob's picture

Didn't the NAZIs have a savings plan that allowed people to purchase one of the new Hitler cars (later named Volkswagons) by saving a small amount each month?

Instead of a car they all got sent to Stalingrad instead.

Tue, 02/18/2014 - 21:02 | 4450686 0b1knob
0b1knob's picture

http://members.tripod.com/propagander2/vwn17.jpg

http://members.tripod.com/propagander2/vwz01.jpg

"5 marks a week must you save, if you want to drive a wagon!"

Tue, 02/18/2014 - 21:43 | 4450871 Thought Processor
Thought Processor's picture

 

 

And............  it's GONE!

 

http://www.youtube.com/watch?v=-DT7bX-B1Mg

 

Has to be the best South Park clip ever.

Wed, 02/19/2014 - 05:25 | 4451724 BigJim
BigJim's picture

 Last month in the State of the Union, President Obama laid out specific executive actions he will take to put more Americans back to work and expand opportunity so that every American can get ahead.

Lulz. How does every American 'get ahead'?

Tue, 02/18/2014 - 21:44 | 4450875 Soul Glow
Soul Glow's picture

Is myRA an annuity?  I can't think of another way to get "guranteed returns".

Wed, 02/19/2014 - 01:02 | 4451500 TruthInSunshine
TruthInSunshine's picture

Never loan your retirement money to a broke dick fuck.

Wed, 02/19/2014 - 08:36 | 4451882 kralizec
kralizec's picture

How about never giving anybody your retirement money, broke dick fuck or not?!

Wed, 02/19/2014 - 03:57 | 4451676 Canoe Driver
Canoe Driver's picture

The asstards are saying that treasury paper has "guaranteed" returns, i.e. interest payments. Of course, they are not mentioning risk to principal.

Wed, 02/19/2014 - 04:02 | 4451682 StychoKiller
StychoKiller's picture

That would require moar "truthiness" than the Obamatron is capable of!

Wed, 02/19/2014 - 14:43 | 4453481 divide_by_zero
divide_by_zero's picture

I'm pretty sure that Obama and Co being the blood sucking parasites they are, would structure this much like a public employee defined benefit plan and the taxpayer would have to make up any shortfalls.

Tue, 02/18/2014 - 20:58 | 4450659 johnQpublic
johnQpublic's picture

cant you guys twitter bomb this to death?

 

i dont twit tweet or twat(except on saturdays if the wifes up for it)

Tue, 02/18/2014 - 21:58 | 4450949 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

+100 beer came out of my nose on that one. Thanks

Wed, 02/19/2014 - 03:09 | 4451629 A Nanny Moose
A Nanny Moose's picture

You didn't drink that.

Wed, 02/19/2014 - 03:08 | 4451628 A Nanny Moose
A Nanny Moose's picture

Clearly demonstrating the lesser of two evils fallacy.

Tue, 02/18/2014 - 20:28 | 4450509 Thought Processor
Thought Processor's picture

 

 

"We're with the Government and we're here to help"

 

Be afraid.   Be very afraid.

Tue, 02/18/2014 - 20:57 | 4450656 kchrisc
kchrisc's picture

"We're with the government, and we're here to help...ourselves to more of your shit, and your children of gun-toting age."

"I'm with the guillotine, and we're here to help."

Tue, 02/18/2014 - 21:00 | 4450676 lordylord
lordylord's picture

"If I knew for a certainty that a man was coming to my house with the conscious design of doing me good, I should run for my life."  -HDT

Tue, 02/18/2014 - 21:23 | 4450779 XitSam
XitSam's picture

Is the government allowed to compete with private businesses like JPMorgan?

What am I saying? They're the same!

Wed, 02/19/2014 - 03:52 | 4451668 Exponere Mendaces
Exponere Mendaces's picture

@boogerbently

Listen, asshole.

MrRA is going to be a complete shit-show.

At least Bitcoin has actual YIELD, which the MyRA fucking turd can't even promise.

You really splitting hairs to make a point against bitcoin?

Fuck man, you work for the squid?

Tue, 02/18/2014 - 21:06 | 4450705 Buck Johnson
Buck Johnson's picture

Thats funny and true, people have to see that the end game is near and that the govt. is becoming desparate.

Tue, 02/18/2014 - 21:36 | 4450832 logicalman
logicalman's picture

Hopefully they don't know where the boat went down.

Tue, 02/18/2014 - 23:54 | 4451358 Chuck Walla
Chuck Walla's picture

Bernays needs to be dug up, shot, and buried again.

FORWARD KONZENTRATIONSLAGER!

Tue, 02/18/2014 - 20:09 | 4450401 jimmytorpedo
jimmytorpedo's picture

Is downvoting the same as groaning for a bad pun?

Tue, 02/18/2014 - 21:01 | 4450682 TBT or not TBT
TBT or not TBT's picture

Yes and no

Tue, 02/18/2014 - 21:09 | 4450726 knukles
knukles's picture

Well now, isn't that kinda decisive.

Wed, 02/19/2014 - 03:10 | 4451631 A Nanny Moose
A Nanny Moose's picture

maybe?

Tue, 02/18/2014 - 20:12 | 4450418 andrewp111
andrewp111's picture

Make sure your franchise sells the guns for those big hardened 1/2" dia concrete penetrating nails. You don't want someone to have to take 8 of them to commit suicide, do you?

Tue, 02/18/2014 - 20:31 | 4450531 LetThemEatRand
LetThemEatRand's picture

I see some actual advantage to penny nails.  Irony at its best.

Tue, 02/18/2014 - 21:07 | 4450708 knukles
knukles's picture

"No more $400 penny nails under my Administration!"

Both Houses rise in unison, cheering, clapping, shouting, dancing in the aisles, screaming and spittle flying uncontrollably. 
The very same evening, a bi-partisan bill is introduced to eliminate government purchases of nails of lesser value than $400, called the Next Absolutely Inane Legislation ("NAILS") enthusiastically supported by the American Fastener and Repair Association.

Jump you fuckers.

Wed, 02/19/2014 - 00:35 | 4451453 HisNameIsRP
HisNameIsRP's picture

six will suffice

Tue, 02/18/2014 - 21:00 | 4450675 Pareto
Pareto's picture

+1 I'll get long to that!

Tue, 02/18/2014 - 21:07 | 4450707 frankthomaswhite59
frankthomaswhite59's picture

.

Tue, 02/18/2014 - 21:09 | 4450715 frankthomaswhite59
frankthomaswhite59's picture

where are you brain?  

reply

 

>>>>>>>>>>>>>>>>>>

Tue, 02/18/2014 - 21:54 | 4450928 Wahooo
Wahooo's picture

Did Banzai do that poster?

Tue, 02/18/2014 - 20:03 | 4450373 booboo
booboo's picture

"I am opening one up with ten bucks!! I want my FEMA commissary fund pre loaded when I get there so I don't have to rely on my parents account"

Aaron in Indianapolis

Tue, 02/18/2014 - 20:03 | 4450374 jcpicks
jcpicks's picture

When the time comes, good luck getting your money back.

Oh wait....it will probably be just paper by then.

Tue, 02/18/2014 - 20:14 | 4450431 outofideas
outofideas's picture

its just paper now.

Tue, 02/18/2014 - 20:54 | 4450646 Mr. Magoo
Mr. Magoo's picture

Rumor is that Jon (the slime) Corzine will be in charge of the fund. If its true we already know what the end result will be

Tue, 02/18/2014 - 21:00 | 4450680 kchrisc
kchrisc's picture

"And it's Jon. Next customer."

Tue, 02/18/2014 - 20:07 | 4450389 jimmytorpedo
jimmytorpedo's picture

My RA is a sun god.

Watch as he burns through your 'savings'.

Tue, 02/18/2014 - 20:28 | 4450511 layman_please
layman_please's picture

myra(müra) in estonian means 'noise'. not sure what it signifies but seems appropriate.

Tue, 02/18/2014 - 23:19 | 4451233 williambanzai7
williambanzai7's picture

Wed, 02/19/2014 - 03:12 | 4451632 A Nanny Moose
A Nanny Moose's picture

Ew

Wed, 02/19/2014 - 03:12 | 4451634 A Nanny Moose
A Nanny Moose's picture

Ew

Tue, 02/18/2014 - 19:52 | 4450309 Colonel Klink
Colonel Klink's picture

They can kiss MyAss!

Tue, 02/18/2014 - 19:52 | 4450310 stant
stant's picture

Can't I just buy some from a chinaman? I hear they have some for sale

Tue, 02/18/2014 - 20:36 | 4450557 toady
toady's picture

Dude! That's rayciss!

The preferred nomenclature is gook, not Chinaman!

Tue, 02/18/2014 - 21:08 | 4450714 TBT or not TBT
TBT or not TBT's picture

A myra would really tie your portfolio together.

Tue, 02/18/2014 - 19:52 | 4450311 surf0766
surf0766's picture

Let the members of CPUSA buy then all up for Dear Leader.

Tue, 02/18/2014 - 19:52 | 4450312 fuu
fuu's picture

MyRA in case Belgium runs out of cash to buy bonds with.

Tue, 02/18/2014 - 20:30 | 4450514 SDShack
SDShack's picture

MyRA, sounds like a Greek hooker.

Tue, 02/18/2014 - 22:50 | 4451123 Ignatius
Ignatius's picture

You know her too?

Tue, 02/18/2014 - 19:52 | 4450316 666
666's picture

Whatever happened to truth in advertising laws?

Tue, 02/18/2014 - 20:50 | 4450613 NoDebt
NoDebt's picture

I especially like the comment "they will have no cost at all!"

Coming from the 401k world, let me tell you how much that raises the little hairs on the back of my neck.  No cost?  No, of course not.  Since it's the government doing it, clearly there is no cost.  Because they're so damned efficient at running things.  Oh, and they also have magical powers to make costs disappear without a trace.

And, of course, do you think this president is worried about little things like "laws", especially ones dealing with truth-in-advertising?  (Think: Obamacare)

Tue, 02/18/2014 - 21:40 | 4450855 logicalman
logicalman's picture

Nothing.

It's just that they are enforced selectively (Not the only laws that this happens with)

Tue, 02/18/2014 - 19:52 | 4450318 Kaiser Sousa
Kaiser Sousa's picture

just got back from "MySilver" dealer...

FUCK OFF US BANKER CONTROLLED GOVERNMENT....

DEATH TO THE MONEYCHANGERS.....

y'all better be stackin!

 

Tue, 02/18/2014 - 19:52 | 4450320 unrulian
unrulian's picture

ByeRA

Tue, 02/18/2014 - 20:10 | 4450406 DaveyJones
DaveyJones's picture

Don't worry citizens, it's as sure as the 4th Amendment

Tue, 02/18/2014 - 20:40 | 4450581 toady
toady's picture

Annddd.... it's gone.

Tue, 02/18/2014 - 19:52 | 4450322 bonderøven-farm ass
bonderøven-farm ass's picture

Wasn't the Treasury tapping into the federal worker's pension funds recently?  

Tue, 02/18/2014 - 20:07 | 4450390 valley chick
valley chick's picture

Yes for the last couple years at least three times they have helped themselves into the fers g fund.

Tue, 02/18/2014 - 21:07 | 4450709 johnQpublic
johnQpublic's picture

we wont even mention the social security tust fund

lock box, bitchez

Tue, 02/18/2014 - 20:31 | 4450532 SDShack
SDShack's picture

Can't be. aren't those funds in a lock box, just like Social Security?

Tue, 02/18/2014 - 21:08 | 4450716 johnQpublic
johnQpublic's picture

guess i needed to read down just one more post

Tue, 02/18/2014 - 21:17 | 4450757 KnightTakesKing
KnightTakesKing's picture

Nice hat.

Tue, 02/18/2014 - 19:53 | 4450324 Robot Traders Mom
Robot Traders Mom's picture

God, people are fucking stupid. The fact the Feds KNOW they can spew this type of bullshit and it will get eaten up by the populace, shows how much respect they have for our intelligence...

Tue, 02/18/2014 - 19:59 | 4450359 XenoFrog
XenoFrog's picture

Thankfully laziness will trump stupidity, resulting in a shocking lack of interest in myIRAs.

Tue, 02/18/2014 - 20:54 | 4450644 NoDebt
NoDebt's picture

I think you nailed it, XF.  That's why they'll make it mandatory soon enough.

Tue, 02/18/2014 - 21:14 | 4450745 johnQpublic
johnQpublic's picture

anyone who is dumb enuf to be interested just doesnt have the extra five bucks a week

Tue, 02/18/2014 - 21:23 | 4450780 cynicalskeptic
cynicalskeptic's picture

You need a JOB before you can start saving for retirement.

The continued offshoring of jobs - and employment of cheap (legal and illegal) immigrant labor in pursuit of the lowest possible labor costs has been a disaster for the West.  'Free Trade' has destroyed the Middle Class.

BOTH political parties are pushing more 'free trade' - the TPP will be a disaster of even larger proportions.

Tue, 02/18/2014 - 21:33 | 4450822 FredFlintstone
FredFlintstone's picture

Shock, denial, anger, grief, and finally acceptance. The middle class is gone. I know that it is tough, but we all need to let go and move on.

Tue, 02/18/2014 - 21:44 | 4450876 logicalman
logicalman's picture

Fuck saving in any government/bank scheme (I use the word advisedly) for your retirement.

If you put money in the bank it will just be stolen and you'll still be broke when you get old.

 

 

Tue, 02/18/2014 - 20:56 | 4450652 Winston Churchill
Winston Churchill's picture

Rumor has it the Hon Jon Corzine will be the custodian,
and trustee ,for myra funds as Bernie Madoff is detained elsewhere.

Tue, 02/18/2014 - 21:46 | 4450883 logicalman
logicalman's picture

Hopefully they will be detained in the same place, one day - soon hopefully.

Tue, 02/18/2014 - 20:32 | 4450535 SDShack
SDShack's picture

Sheeple, it's what's for dinner...

Wed, 02/19/2014 - 07:16 | 4451784 James-Morrison
James-Morrison's picture

Obahhhma, the Sheeple's choice.

Tue, 02/18/2014 - 19:53 | 4450325 TeamDepends
TeamDepends's picture

But you must wear this bicycle helmet at all times.  It's just a formality.

Tue, 02/18/2014 - 19:54 | 4450330 Seize Mars
Seize Mars's picture

Full retard indeed.

You'd have to be if you believe this is something other than a fucking dog collar being put around your neck.

GET OUT OF YOUR CRAPPY IRA AND 401K NOW. PAY THE FINES.

GET OUT NOW.

Tue, 02/18/2014 - 19:58 | 4450350 10PastMidnight
10PastMidnight's picture

hahahahahahahahahaha   glad i got that out.

Tue, 02/18/2014 - 21:27 | 4450795 DosZap
DosZap's picture

Notice the states where they are applauding the idea, only ONE Southern(FL).

Tue, 02/18/2014 - 19:58 | 4450351 Big Brother
Big Brother's picture

I look forward to the Conan O'brien local news montage for further evidence of said subject.

Tue, 02/18/2014 - 19:59 | 4450354 Hongcha
Hongcha's picture

I'll do it if they up the limit and set it up like an interest-bearing savings account with no penalty for withdrawals.

The way it is set now, it's like dropping slot machines to the penny level.  $5/month, huh.  Yes, MyGov is hoovering up the pennies.  My god what a mediocrity Messiah turned out to be with his cash 4 clunkers and assorted crap.

What a manifest embarassment to the office.

Tue, 02/18/2014 - 19:59 | 4450360 nmewn
nmewn's picture

Impressive.

Using the peoples money, in a marketing campaign, to steal the peoples money.

Tue, 02/18/2014 - 20:13 | 4450420 DaveyJones
DaveyJones's picture

you just defined government

Tue, 02/18/2014 - 21:28 | 4450800 nmewn
nmewn's picture

But but but...I did it all, for the cheeeeeeeldrin ;-)

Tue, 02/18/2014 - 21:18 | 4450761 johnQpublic
johnQpublic's picture

i wonder if it will bring in more than it cost to advertise and implement

Tue, 02/18/2014 - 21:36 | 4450834 nmewn
nmewn's picture

See above, the kiddies (and printing) will have to pick up the tab for any & all cost overages. In this way, the pensions, salaries and benefit obligations are all fulfilled of the implementers.

Its the latest craze, universal everything ;-)

Tue, 02/18/2014 - 23:20 | 4451238 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

i wonder if it will bring in more than it cost to advertise and implement

Heh, no you don't. ;)

Tue, 02/18/2014 - 21:32 | 4450819 satoshi411
satoshi411's picture

A Kleptocracy is the USA, ... anything else and it wouldn't be America or Israel.

A Kleptocracy is a gubmint ran by common criminals, ... where everybody steals from everybody else, and nobody does any productive work.

Hmm, ...

Tue, 02/18/2014 - 20:00 | 4450361 Ulterior
Ulterior's picture

russians are least of problems, they invested in vodka which is already consumed

Tue, 02/18/2014 - 20:00 | 4450365 f16hoser
f16hoser's picture

.....and who's gonna run Obozzo's MyRA??? You guessed it... John "the Slime" Corzine!!! Trust Corzine/Obama? I think not! The dollar is dead. Get use to it Sheeple.

Tue, 02/18/2014 - 20:01 | 4450368 Unknown Poster
Unknown Poster's picture

Wasn't Social SECURITY designed to allow you to retire with dignity? Why saev with MyRA ;(

Tue, 02/18/2014 - 20:04 | 4450382 Rising Sun
Rising Sun's picture

And if you ask right now, you get a free case of KY-Jelly - why?  Because you're going to fucking need it.

Tue, 02/18/2014 - 20:50 | 4450622 Termin8or
Termin8or's picture

BOHICA

Tue, 02/18/2014 - 20:50 | 4450623 Termin8or
Termin8or's picture

BOHICA

Tue, 02/18/2014 - 20:08 | 4450397 andrewp111
andrewp111's picture

What a crock. Don't these fools understand that the 15K limit makes the MyRA account anything but safe. The whole idea is that you start saving, and when your account gets to 15K, you get a letter telling you that your account reached the limit and is now being rolled over to JP Morgan or The Squid (or whatever crony bankster has the contract).  Then you get a call from the bank's wealth manager suggesting you put your 15K into their favorite stock fund. Do you think the unsophisticated investors who get a MyRA will know anything about stocks? This scheme is just a blood funnel for whatever bankster is tight with Obama (or Hillary) and gets the contract.

Tue, 02/18/2014 - 20:12 | 4450414 Rearranging Dec...
Rearranging Deckchairs's picture

There's a 15K limit? ha ha ha ha ah 

How is that supposed to fund more than a few minutes of retirement at this rate of actual inflation??

Tue, 02/18/2014 - 21:39 | 4450849 johnQpublic
johnQpublic's picture

like 15k is gonna even be worth 3k in 30 years

Tue, 02/18/2014 - 21:45 | 4450881 FredFlintstone
FredFlintstone's picture

$3k, would be optimistic, wouldn't it?

Wed, 02/19/2014 - 07:26 | 4451793 James-Morrison
James-Morrison's picture

MyRA is to saving as Obamacare is to medical care.

Obama-speak:
Obamacare is health
MyRA is wealth.

"War is peace.
Freedom is slavery.
Ignorance is strength.”

Tue, 02/18/2014 - 20:51 | 4450628 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Do you honestly believe that the first African American President of the United States of America does not understand math? Everyhting he has ever done was for you, to you , in you, on you.

Tue, 02/18/2014 - 21:11 | 4450735 drendebe10
drendebe10's picture

Hes not American. 

Tue, 02/18/2014 - 21:31 | 4450813 Dr. Engali
Dr. Engali's picture

Bill Clinton doesn't understand math?

Tue, 02/18/2014 - 20:10 | 4450404 Rearranging Dec...
Rearranging Deckchairs's picture

"If you like your Retirement savings [We] can keep them!"

Tue, 02/18/2014 - 20:12 | 4450417 One And Only
One And Only's picture

MyRa is being pitched because China don't want it no mo.

Tue, 02/18/2014 - 20:15 | 4450428 ebworthen
ebworthen's picture

I have one message for .gov:

"FUCK YOU PEOPLE!"

Magic Johnson in commercials pushing healthcare.gov?

WTF...double full retard.

Tue, 02/18/2014 - 21:49 | 4450900 logicalman
logicalman's picture

Souls can be had for cheap, it seems.

To be clear, I'm an atheist, so the 'soul' thing is a metaphor.

Tue, 02/18/2014 - 21:55 | 4450932 WmMcK
WmMcK's picture

Double secretive blind full retard, even.

Tue, 02/18/2014 - 22:12 | 4451002 Blano
Blano's picture

Mr. HIV himself pitches Half Black Cracker Care?

Fucking Spartan.

 

Tue, 02/18/2014 - 20:15 | 4450433 darteaus
darteaus's picture

Straight from those economic geniuses in Zimbabwe!

Tue, 02/18/2014 - 20:15 | 4450435 Encroaching Darkness
Encroaching Darkness's picture

It's time for a RICO suit against the corrupt, fraudulent securities dealers who mislead the public and steal their money for their own use ....

 

BOTH SETS, WALL ST AND PENNSYLVANIA AVE

Tue, 02/18/2014 - 21:10 | 4450729 tom a taxpayer
tom a taxpayer's picture

We need balls-to-the-walls prosecutions of JP Morgan, Goldman Sachs, credit rating agencies, Countrywide, the mortgage industry, the appraisers,Freddie and Fannie, Citi and the big bankster  Wall Street banks, AIG, and current and former federal co-conspirators at U.S. Treasury, SEC, OTS, Federal Reserve, especially FRBNY( Tiny Tim, Dudley-Do-Wrong), and those members of Congress who aided and abetted the greatest financial crimes in U.S. history.

Justice demands these long-overdue prosecutions of overlapping RICO criminal enterprises. We need 20 years-to-life hard time prison sentences for the hundreds convicted. We need RICO confiscations of the hundreds of billions in illegal "profits" from the criminal enterprises of the banks, mortgage industry, and Wall Street Mafia.

Because of the huge backlog of RICO cases, the prosecution and the courtroom should be modified to process the mass trials in style of the Maxiprocesso (Maxi Trials) of the Mafia in Sicily during the 1980s that resulted in hundreds of defendants convicted.

http://www.youtube.com/watch?v=_nPEgV1oqX0

Tue, 02/18/2014 - 20:15 | 4450438 buzlightening
buzlightening's picture

Said the spider to the flies.  Once in; never out.  Get eaten alive.  Slam the financial iron curtain down on 401k,IRA's, or myRA's.  Anything the gov goon platoon gets furry pawed clawed rat bastard teeth into; never let go until it's all eaten alive.  Anyone here with pensions in bankster fraudster control you'd better get to it before the fed fuds do.   If the rat bastards can't trap you flies bearing maggots now, the gov goon platoon will outright steal from all citizens.  Last act of a corrupt gov is raid the treasury; strip the citizen of every last penny.  Final curtain call for any still thinking the criminal banksters in bed with gov goons won't shake you down for every last penny now screaming last act. 

Tue, 02/18/2014 - 20:16 | 4450442 Chippewa Partners
Chippewa Partners's picture

One thinks that MyRA is shovel-ready...........

Tue, 02/18/2014 - 20:18 | 4450443 darteaus
darteaus's picture

"This tatoo is for your own protection while you are here in camp."

Tue, 02/18/2014 - 20:26 | 4450499 Bastiat
Bastiat's picture

Exactly, for your protection because if you don't get one, bad things will happen to you.

Wed, 02/19/2014 - 02:23 | 4451596 Real Estate Geek
Real Estate Geek's picture

Don't worry--it's henna.  It'll come right off!

Tue, 02/18/2014 - 20:17 | 4450456 darteaus
darteaus's picture

LieRA

Tue, 02/18/2014 - 20:19 | 4450462 Emergency Ward
Emergency Ward's picture

The young graduates from Mr Bush's No Child Left Behind generation can look forward to participation in Mr Obama's sensible plan to help them save for retirement.

Tue, 02/18/2014 - 21:00 | 4450679 Winston Churchill
Winston Churchill's picture

9mm or .45 .

Tue, 02/18/2014 - 22:15 | 4451019 darteaus
darteaus's picture

Whatever caliber the DHS is buying.

Tue, 02/18/2014 - 20:24 | 4450483 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

Again, the U.S. Government is talking out of both sides of its mouth and members of the fourth estate fall for it hook, line and sinker.

myRA >>> encourage saving

ZIRP >>> discourage saving

Tue, 02/18/2014 - 21:10 | 4450730 Professorlocknload
Professorlocknload's picture

MyRA >>> encourage saving

ZIRP >>> discourage saving

 

Depends on "who" is doing the "saving." 2nd phase of this scheme is "Vote for me and I'll match your MyRA."  

Then, they'll borrow it all away, replacing it with "special" Treasury paper.

Tue, 02/18/2014 - 21:53 | 4450923 Accounting101
Accounting101's picture

Wrong. Stop listening to your radio and understand the MyRA rent extraction scheme.

Tue, 02/18/2014 - 21:51 | 4450908 logicalman
logicalman's picture

They don't 'fall for it' - they are part of it.

Tue, 02/18/2014 - 20:24 | 4450487 Bastiat
Bastiat's picture

Does it have electrolytes?

Tue, 02/18/2014 - 20:29 | 4450518 DIgnified
DIgnified's picture

Snake oil.

Tue, 02/18/2014 - 20:29 | 4450519 Bagbalm
Bagbalm's picture

No risk, because we can print our own money. If it won't buy anytjhing tough.

Tue, 02/18/2014 - 20:33 | 4450542 evernewecon
evernewecon's picture

 

 

 

One might perhaps think on the one

hand, if there's really a chance of

bank bail-in's happening, then why

bother with the banking middleman?

 

On the other hand, if the alternative

is the top of the pyramid, so as to keep

supporting the bottom, ...

 

 

 

 

The very next QE installment should

actually be half ($US 42.5B) 

to student aid/nurses/teachers for

upgrading education and health

and enabling mechanisms, with

their funds mostly reasonably 

expected to get spent in the U.S.,

whereas the banks invest in 

the greatest adversity available

anywhere in the world.

 

 

Tue, 02/18/2014 - 21:17 | 4450751 RaceToTheBottom
RaceToTheBottom's picture

Checks for everyone to be used only for Hookers and Blow.

Got to keeps the money where the rubber meets the road.

Tue, 02/18/2014 - 21:52 | 4450918 logicalman
logicalman's picture

If I'm wearing a rubber, I sure as hell don't want it meeting the road.

Tue, 02/18/2014 - 21:57 | 4450944 HardlyZero
HardlyZero's picture

It might happen.  I could see crashing and burning the economy, while ONLY supporting the electorate.  Setup a ring fence with Dobermans.   Would only be used for a year or two.

Tue, 02/18/2014 - 20:50 | 4450620 goldenbuddha454
goldenbuddha454's picture

When China quits buying our debt/bonds and Japan is just incapable of doing so, atleast the good people of the USA will be forced to buy the junk bonds via MYRA.  Can we just call MYRA the new improved Social Security System?  Like the new improved US Dollar.  You trade your gold and silver in for the new improved Dollars after the current Dollar goes Zimbabwe.  Who said you lived in a free country? 

Tue, 02/18/2014 - 21:27 | 4450796 Dr. Engali
Dr. Engali's picture

Ahem..... The "good people of the U.S.S.A" don't have any fucking money.

Tue, 02/18/2014 - 21:36 | 4450835 lunaticfringe
lunaticfringe's picture

We're going full blown Japanese bitchez!

Tue, 02/18/2014 - 21:46 | 4450889 Accounting101
Accounting101's picture

No we can't call it the new and improved Social Security System because the MyRA is just another rent extraction scheme proposed by the Oligarchs and no, the government is not part of the Oligarchy. The government is simply the tool they use to seperate you from your money.

The article fails to mention that once the MyRA account reaches $15,000 the investor is forced into a Roth IRA. Wall Street then proceeds to extract rent.

Tue, 02/18/2014 - 20:55 | 4450649 buzzsaw99
buzzsaw99's picture

i'm sure they will pay off myra victims just as well as they will on social security for the poor saps paying into that today

Tue, 02/18/2014 - 20:58 | 4450661 grunk
grunk's picture

MyBS.

Tue, 02/18/2014 - 20:59 | 4450665 PrawnStar
PrawnStar's picture

This is a perfect manufactured buyer for future Treasury debt, a way to force taxpayers to buy t-bills.

Tue, 02/18/2014 - 21:00 | 4450671 RaceToTheBottom
RaceToTheBottom's picture

I want 50% interest on MyIra to match my upcoming 100% inflation....

Huuugh?

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