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"We Are From The Government And We Are Here To Offer You A No Risk, Guaranteed Return Investment Product"
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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And, I am selling bridges.
Ho hum
I understand that bankers and bridges are a good match, so kudos. Sell a bunch. I'm thinking about a nail gun franchise myself.
You hit that one on the head.
Wait till the next crisis and the Treasury 'borrows' UrIRA
And never gives it back except a nice IOU on a piece of paper
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.
Where is FINRA on this one?
Before MyRA gets started doen't congress have to pass a law or something? Or does Choomboy just executive action it into being?
This reminds me of the SNL skit on how to save money.....
http://www.youtube.com/watch?v=QzE76nUSjL8
I would invest my money with Fonestar before I'd willingly participate in an Obama investment program.
Yeah, it's that bad.
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.
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!"
And............ it's GONE!
http://www.youtube.com/watch?v=-DT7bX-B1Mg
Has to be the best South Park clip ever.
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'?
Is myRA an annuity? I can't think of another way to get "guranteed returns".
Never loan your retirement money to a broke dick fuck.
How about never giving anybody your retirement money, broke dick fuck or not?!
The asstards are saying that treasury paper has "guaranteed" returns, i.e. interest payments. Of course, they are not mentioning risk to principal.
That would require moar "truthiness" than the Obamatron is capable of!
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.
cant you guys twitter bomb this to death?
i dont twit tweet or twat(except on saturdays if the wifes up for it)
+100 beer came out of my nose on that one. Thanks
You didn't drink that.
Clearly demonstrating the lesser of two evils fallacy.
"We're with the Government and we're here to help"
Be afraid. Be very afraid.
"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."
"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
Is the government allowed to compete with private businesses like JPMorgan?
What am I saying? They're the same!
@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?
Thats funny and true, people have to see that the end game is near and that the govt. is becoming desparate.
Hopefully they don't know where the boat went down.
Bernays needs to be dug up, shot, and buried again.
FORWARD KONZENTRATIONSLAGER!
Is downvoting the same as groaning for a bad pun?
Yes and no
Well now, isn't that kinda decisive.
maybe?
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?
I see some actual advantage to penny nails. Irony at its best.
"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.
six will suffice
+1 I'll get long to that!
.
where are you brain?
reply
>>>>>>>>>>>>>>>>>>
Did Banzai do that poster?
"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
When the time comes, good luck getting your money back.
Oh wait....it will probably be just paper by then.
its just paper now.
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
"And it's Jon. Next customer."
My RA is a sun god.
Watch as he burns through your 'savings'.
myra(müra) in estonian means 'noise'. not sure what it signifies but seems appropriate.
Ew
Ew
"oh me, oh my!"
http://www.nba.com/video/games/clippers/2010/12/20/0021000414_min_lac_pl...
They can kiss MyAss!
Can't I just buy some from a chinaman? I hear they have some for sale
Dude! That's rayciss!
The preferred nomenclature is gook, not Chinaman!
A myra would really tie your portfolio together.
Let the members of CPUSA buy then all up for Dear Leader.
MyRA in case Belgium runs out of cash to buy bonds with.
MyRA, sounds like a Greek hooker.
You know her too?
Whatever happened to truth in advertising laws?
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)
Nothing.
It's just that they are enforced selectively (Not the only laws that this happens with)
just got back from "MySilver" dealer...
FUCK OFF US BANKER CONTROLLED GOVERNMENT....
DEATH TO THE MONEYCHANGERS.....
y'all better be stackin!
ByeRA
Don't worry citizens, it's as sure as the 4th Amendment
Annddd.... it's gone.
Wasn't the Treasury tapping into the federal worker's pension funds recently?
Yes for the last couple years at least three times they have helped themselves into the fers g fund.
we wont even mention the social security tust fund
lock box, bitchez
Can't be. aren't those funds in a lock box, just like Social Security?
guess i needed to read down just one more post
Nice hat.
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...
Thankfully laziness will trump stupidity, resulting in a shocking lack of interest in myIRAs.
I think you nailed it, XF. That's why they'll make it mandatory soon enough.
anyone who is dumb enuf to be interested just doesnt have the extra five bucks a week
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.
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.
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.
Rumor has it the Hon Jon Corzine will be the custodian,
and trustee ,for myra funds as Bernie Madoff is detained elsewhere.
Hopefully they will be detained in the same place, one day - soon hopefully.
Sheeple, it's what's for dinner...
Obahhhma, the Sheeple's choice.
But you must wear this bicycle helmet at all times. It's just a formality.
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.
hahahahahahahahahaha glad i got that out.
Notice the states where they are applauding the idea, only ONE Southern(FL).
I look forward to the Conan O'brien local news montage for further evidence of said subject.
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.
Impressive.
Using the peoples money, in a marketing campaign, to steal the peoples money.
you just defined government
But but but...I did it all, for the cheeeeeeeldrin ;-)
i wonder if it will bring in more than it cost to advertise and implement
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 ;-)
.
Heh, no you don't. ;)
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, ...
russians are least of problems, they invested in vodka which is already consumed
.....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.
Wasn't Social SECURITY designed to allow you to retire with dignity? Why saev with MyRA ;(
And if you ask right now, you get a free case of KY-Jelly - why? Because you're going to fucking need it.
BOHICA
BOHICA
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.
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??
like 15k is gonna even be worth 3k in 30 years
$3k, would be optimistic, wouldn't it?
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.”
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.
Hes not American.
Bill Clinton doesn't understand math?
"If you like your Retirement savings [We] can keep them!"
MyRa is being pitched because China don't want it no mo.
I have one message for .gov:
"FUCK YOU PEOPLE!"
Magic Johnson in commercials pushing healthcare.gov?
WTF...double full retard.
Souls can be had for cheap, it seems.
To be clear, I'm an atheist, so the 'soul' thing is a metaphor.
Double secretive blind full retard, even.
Mr. HIV himself pitches Half Black Cracker Care?
Fucking Spartan.
Straight from those economic geniuses in Zimbabwe!
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
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
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.
One thinks that MyRA is shovel-ready...........
"This tatoo is for your own protection while you are here in camp."
Exactly, for your protection because if you don't get one, bad things will happen to you.
Don't worry--it's henna. It'll come right off!
LieRA
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.
9mm or .45 .
Whatever caliber the DHS is buying.
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
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.
Wrong. Stop listening to your radio and understand the MyRA rent extraction scheme.
They don't 'fall for it' - they are part of it.
Does it have electrolytes?
Snake oil.
No risk, because we can print our own money. If it won't buy anytjhing tough.
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.
Checks for everyone to be used only for Hookers and Blow.
Got to keeps the money where the rubber meets the road.
If I'm wearing a rubber, I sure as hell don't want it meeting the road.
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.
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?
Ahem..... The "good people of the U.S.S.A" don't have any fucking money.
We're going full blown Japanese bitchez!
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.
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
MyBS.
This is a perfect manufactured buyer for future Treasury debt, a way to force taxpayers to buy t-bills.
I want 50% interest on MyIra to match my upcoming 100% inflation....
Huuugh?