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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 - 20:59 | 4450672 lakecity55
lakecity55's picture

"Wait 'till you see MyRA chop my nuts!"

 

Moneyback guarantee from ShamWow Inc

Tue, 02/18/2014 - 21:05 | 4450700 drendebe10
drendebe10's picture

Yessir, step right up, step right up. There's a sucker born every minute and they sll voted in the arrogant narcissistic lying illegal alien kenyan muslim sociopath and all its politico corrupt cronies. Gotta hand it to the sheeple for doing that so they eill be flocking to this ponzi scheme. Step rigjt up.

Tue, 02/18/2014 - 21:12 | 4450736 WhackoWarner
WhackoWarner's picture

i THINK.  Therefore I am.  USA does not educate or have freedom of info/press enough to think

That is the basic problem here.  USA will get what it deserves,  And ths is just a foreshadow of the  rape that is coming.

I tell you: if you folks do not smarten up you are lost and furthermore cannot lay the blame anywhere beyond yourselves.

Clue into the fact USA that the whole wide world has despised your political system for decades.  And nothing short of an awakening of the population will change that.

 

Tue, 02/18/2014 - 21:35 | 4450828 lunaticfringe
lunaticfringe's picture

Chill out Reverend Wright.

Tue, 02/18/2014 - 21:12 | 4450738 silverserfer
silverserfer's picture

It's a no risk, guaranteed NEGATIVE return on your investement. GUARANTEED. 

Once your dead, you will recieve a courtesy letter (WITH GRAPHFS!) in the mail once a year to show you how much your plan is worth in doll-hairs.

If your not completely satisfied you can ask for a refund or you can and/or go fuck yourself!

There's no risk! (Of being eaten by a bear while setting up your paycheck deduction) 

 

 

Tue, 02/18/2014 - 21:18 | 4450759 fijisailor
fijisailor's picture

I already payed the fuckers for 30 years into SSI.  Where the hell is that secure retirement?  By the time I try and claim it, it will have been destroyed by inflation.  Great.  Give me another lump of retirement to make worthless.

Wed, 02/19/2014 - 07:33 | 4451800 James-Morrison
James-Morrison's picture

Step one: bring in suckers.
Step two: fleece them.

Watch for SSI funds to be replaced/commingled with myRA as part of step two.

It's the patriotic thing to do.

Wed, 02/19/2014 - 09:26 | 4451998 Accounting101
Accounting101's picture

Right, and those two commingled things will end up on Wall Street for rent extraction.

I'm sure you knew that Jim, but you just forgot to mention it.

Tue, 02/18/2014 - 21:20 | 4450769 Luckhasit
Luckhasit's picture

I choose this time in history to reaffirm my laughter from the first time I herad the president say this.

Tue, 02/18/2014 - 21:25 | 4450787 Dr. Engali
Dr. Engali's picture

That is some of the cheesiest C rated testimonial crap I've seen. They would be better off getting the sham wow guy.

Tue, 02/18/2014 - 21:32 | 4450815 Winston Churchill
Winston Churchill's picture

But wait , buy now and.....

Tue, 02/18/2014 - 21:56 | 4450942 johnQpublic
johnQpublic's picture

...and we'll double the offer....just pay separate....

Tue, 02/18/2014 - 21:52 | 4450904 HardlyZero
HardlyZero's picture

Jon Corzine needs a Czarship, being unemployed and his pristine non-felon status.  If you go...you go all in deep into the many layers.    Really bad, but might work on the East Coast around New Jersey.

Tue, 02/18/2014 - 21:27 | 4450792 moneybots
moneybots's picture

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."

 

The Myra was designed for the government to have access to low income people's money.

Wed, 02/19/2014 - 09:23 | 4451983 Accounting101
Accounting101's picture

For Christ's sake! Haven't we learned anything over these last five years? The MyRA proposal isn't about the government having access to low income people's money, it's about Wall Street having access to their money.

If you all were paying attention, you would know that once these proposed retirement accounts hit $15,000, the account holder is then forced into a Roth IRA and into the arms of Wall Street.

Again, the puppets in Washington are doing the bidding of their masters. It's all too easy.

Tue, 02/18/2014 - 21:28 | 4450802 RaceToTheBottom
RaceToTheBottom's picture

This whole mess is just a way to get rid of the huge FED Balance sheet

Tue, 02/18/2014 - 21:32 | 4450820 lunaticfringe
lunaticfringe's picture

If this government wants you to do anything- you must do the exact opposite. Trust me on this- it is 100% foolproof.

Tue, 02/18/2014 - 21:32 | 4450821 BliptoP3
BliptoP3's picture

When did facists become bad at propaganda?  This shit looks like are government made it.

Tue, 02/18/2014 - 21:33 | 4450823 Judge Crater
Judge Crater's picture

MyRA will follow the example of Roach Motel bug killer.  Money will go in, it won't come out.

Tue, 02/18/2014 - 21:35 | 4450831 RottenAlpha
Tue, 02/18/2014 - 21:36 | 4450833 Cornholiovanderbilt
Cornholiovanderbilt's picture

Social security trust fund and now MyRA? Now it's getting insulting

Tue, 02/18/2014 - 21:58 | 4450948 Accounting101
Accounting101's picture

Be careful. It's clear you don't understand the MyRA proposal. This is how the bullshit starts and the Oligarchs win.

Tue, 02/18/2014 - 21:45 | 4450878 Teknopagan
Teknopagan's picture

 Usury corrodes knowledge

Tue, 02/18/2014 - 21:55 | 4450936 homiegot
homiegot's picture

The White House is already writing up excuses for this soon-to-be government failure. You know, be ready to refute to the contrary at a moment's notice.

Tue, 02/18/2014 - 22:05 | 4450982 skank
skank's picture

<= "soon-to-be" government failure

<= "out-of-the-box" government failure

Tue, 02/18/2014 - 22:58 | 4451155 Accounting101
Accounting101's picture

No, it's a Wall Street plan. Understand the goddamn proposal so you don't sound dumb.

Tue, 02/18/2014 - 21:56 | 4450939 Atomizer
Atomizer's picture

Ring, Ring, Ring.

  • Hello?
  • Yea, I would like to pull out my contribution with this fucking broke SS Fund. I want to pick up my check the day after tomorrow.
  • I’m afraid we can’t give you your check!
  • Listen sweet tits, don’t play me off as a Corzine or Madoff victim. I get these statements in the mail about some fucking payout. I don’t believe it. Coming down to get my check.
  • Again, we cannot release those fund to you.
  • So let me get this straight, You deduct money from my paycheck and I cannot have access to this?
  • You are paying into a fund so everyone benefits.
  • So why the fuck are you creating MyRA. Is this another slush fund to splash underfunded SS Fund accounts with money you lost on risk taking bets?
  • You need to stop swearing at me
  • Fuck You Cunt, I want to withdraw my money from your Ponzi SS scheme fund.

/Sarc

Tue, 02/18/2014 - 22:04 | 4450979 22winmag
22winmag's picture

It's voluntary today.

 

Tomorrow it's storm troopers kicking down your neighbors door (duh, wrong house) for non-compliance.

Tue, 02/18/2014 - 22:07 | 4450987 Johnny Cocknballs
Johnny Cocknballs's picture

Well we wouldn't have to do this if the TeaParty hadn't prevented a federal retirement plan you couldn't opt out of.  If we had a "Social Security" program, why, people would be able to retire comfortably! 

But thanks to the Tea Party, literally no one has ever been able to contribute to a retirement plan, and I bet you that if the Tea Party ever did agree to some sort of "Socialized Security" all they'd end up doing is spending that money on tanks and bombs and replacing the cash with more government debt - essentially forcing people to contribute additional taxes to cover the payroll taxes which were spent as general revenue.

How much longer do we have to let the Tea Party dictate how our government spends its money that you have in your bank account?  What is this, 1939 in Germany?

Nazis!  Hitler!  Racisms!

Anyway this program is "optional" insofar as you, the worker, may not be compelled yourself to contribute a large portion of your savings to buying federal debt bonds, your pension or other retirement plan will be compelled for you.  You, however, may still be compelled under the Commerce Clause to buy broccolli [but don't worry, Justice Kagan Herself has said this would be a "silly law" and Larry Tribe assures us that they couldn't actually make you eat it.]

This is packaged extremely well.  It's going to help the poors, the minorities and the childrens, so of course only racist tea dildos could oppose it...   of course, reducing or eliminating state sales tax and imposing a higher capital gains rate and tax on deriviative financial transactions would actually help them retain more of their own cash, but then, that is manifestly not the goal.  The goal is cash flow for the feds both now, and in the future, as govt debt at current rates is significantly below the erosion of purchasing power of the dollar, so in real terms, these poors will be giving the feds a dollar now to get back 90 cents in a decade.

 

Cute.

 

Tue, 02/18/2014 - 22:23 | 4451043 Atomizer
Atomizer's picture

You have facts mixed up.

Reformer = Progressive

Tea Party = The Boston Tea Party, 1773

http://www.eyewitnesstohistory.com/teaparty.htm

 

Cute

Tue, 02/18/2014 - 22:12 | 4450998 Shrapnel
Shrapnel's picture

Yet another propaganda vomit graphic/slide.

Tue, 02/18/2014 - 22:51 | 4451124 realitybiter
realitybiter's picture

We're here to offer you a guaranteed no return risk product.

 

Can't people open up IRA's today and by treasuries if they want?  I still don't see the big deal.

 

People are stupid and that is the most disturbing part.  There will never be reform because even if we do get the big one, these idiots woudl literally shove their heads up their own butts if they were told to.  They will never listen to reason that comes from anyone else other than corrupt mother gubmint.

Tue, 02/18/2014 - 23:14 | 4451211 ejhickey
ejhickey's picture

is MY RA a new SUN GOD?

Wed, 02/19/2014 - 09:11 | 4451960 d edwards
d edwards's picture

No. OBAH MA is the new Sun King! :-D

 

BTW, wasn't Louis the Fourteenth the "Sun King" with Moochel ("let them eat veggies")Antoinette. And didn't they end up at the guillotine?

Tue, 02/18/2014 - 23:21 | 4451240 luna_man
luna_man's picture

 

 

Just say NO to the CRIMINALS!!

Tue, 02/18/2014 - 23:27 | 4451257 BouncingCat
BouncingCat's picture

When your plan is to confiscate IRAs and 401ks you have to have a vehicle ready and waiting for them.

Wed, 02/19/2014 - 05:14 | 4451718 Ar-Pharazôn
Ar-Pharazôn's picture

Financial experts like MyRA features.

that's exactly what should make people totally refuse MyRA.

when financial experts like something you're about the get screwed really really bad.

Wed, 02/19/2014 - 09:06 | 4451947 d edwards
d edwards's picture

First it will be voluntary. When very few people start a myra, they will confiscate all private IRA's etc. and give you a nice gov't annuity.

The greedy bastards are just salivating over the trillions of $$ in private retirement accts and this scheme has been in the works for a while.

Wed, 02/19/2014 - 09:35 | 4452034 Accounting101
Accounting101's picture

Will you please understand the MyRA proposal. It's a market approach that leads to private retirement accounts. Just as the Oligarchs intended. See, rent extraction is easy from private retirement accounts.

My god! It's now obvious TPTB have thoroughly beaten us.

Wed, 02/19/2014 - 05:41 | 4451730 OldPhart
OldPhart's picture

MyRa...reminds me of a much older friend I had as a teenager.  WWII pilot, then suffering from myasthenia gravis, saw her two days before her death when surprise visiting her in the hospital when I came out from Florida.  This woman had me drive her RV to Las Vegas to gamble when I was 13.  And then had me place her bets.  And all six casinos never questioned me.  Now has a bridge named after her.  One of those people that you compare others to. 

There ain't shit in Obama's government, or their investment scams,  that could hold a candle next to her.  This lady was a ball of no bullshit fun.

http://www.highdesertrealestate.org/hesperia-ca-history.html

Wed, 02/19/2014 - 08:52 | 4451914 Ghostdog
Ghostdog's picture

"A sensible plan to pick the last bits of skin off the American middle class carcas"

Thu, 02/20/2014 - 18:27 | 4459507 monad
monad's picture

As soon as they get possession everyone over 64 is going to die of skin cancer, the last of their savings sucked out of them by doctors with 100% patient mortality rates.

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