Posted on 01/28/2014 8:12:10 PM PST by Rusty0604
It has already been proposed after the last market crash. Of course, it is only ‘for the security of the people’.
OH YA. Put it into a treasury note that has how much debt? That’ll work real well.
They’ll suck it into the big black hole and you wont see a GD penny.
So, either we can cut our budget to the level where we don't have to sell bonds, or we can just find another customer.
Welcome suckers!
First, it is voluntary for people with no other retirement savings. Then it becomes mandatory. Then 401ks get rolled into it. And then the levels of required investment keep increading, until finally Atlas shrugs. But it keeps the game going for a little longer.
Get your money out of the Matrix.
When this guy says something is “no risk,” better run for your life.
Everything Obama comes up with is risky to your financial well being.
“put into accounts of the poor”
Translating through the Stalinograph......
Processing....
“Spent on Moochelle’s lobster dinners and vacations”
Continuing debt funded QE was my first thought when he said this. Guess I’m not the only one who caught that.
lol
Right now it’s a person’s choice whether to invest in the bonds. Obama wants to make it mandatory.
Bet he renames them “Obama Bonds.”
Sort of a 007 twist - - - .
“Name’s Barry, - - - Barry Bonds.”
Who get it after you die? Your children? Or the government? I bet this is another government scam to steal your wealth.
..sorta like, “You can keep your money, and you can keep your savings”...he guarantee’s it
Just wait until you wake up one morning and find out your 401Ks were all converted to them.
The government of this country does not have a financial position to guarantee jack! They will seize that money when they please just like every other fund they have. Please do not buy the lies, you will end up broke.
Soon, all of our investment accounts will be MYRA’s by government dictate.
Step 1: Create the MyRA bond.
Step 2: Forcibly convert ALL IRAs and 401/403b to MyRAs by forcing them to sell all current holding and buy MyRAs with the resulting cash.
Obama will now do for retirement what Obamacare has done for healthcare.
This from CNN
Obama offers new ‘MyRA’ retirement accounts
http://money.cnn.com/2014/01/28/retirement/savings-retirement-myra/index.html
This is all about getting their hands on the 401Ks, nothing more, nothing less.
If you like your IRA, you can keep your IRA. With us.
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