Obama Introduces MyRA: The "No Risk, Guaranteed Return" Retirement Savings Bond

Zerohedge ^ | 01/28/2014 | Tyler Durden

[Slings and Arrows]

"That's m'boy!"

[dfwgator]

Satan’s getting a room ready for Mr. Madoff.

[octex]

When I suggest to get out of the Matrix, what I mean is to get it out of any electronic account that can be closed and raided on a whim by the government, and into something that can’t be reached.
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Thanks, Vince, for the tips and the links. Appreciated.

Getting $$$ out of the electronic realm was my interest. I’m an ‘oldster’ now and just don’t to lose what little savings I’ve acquired. ...I want to live in my modest style and leave something to kid and grandkids.

[Slings and Arrows]

I can guess who his roomie will be.

[Axenolith]

You DID just fall off the turnip truck, didn’t you? ;-)

It is, and it’s the philosophy of the ZeroHedge site. Check it out.

[kaehurowing]

An investment with no risk.

Think he just violated the federal securities laws with that whopper.

[arthurus]

Offer every American access to an automatic IRA on the job

Is that "automatic" as in "mandatory" i.e. a new Social Security tax to put on top of the old one?

[bjorn14]

Somebody once said, “Capitalism without failure is like religion without sin.” This is Øbama’s world.

[arthurus]

I am sure you are guaranteed that you will get back at least the same number of dollars you “invested.” That way you don’t lose any money. Value is a different story, though.

[arthurus]

It’s.

[dfwgator]

“If you like your 401k, you’ll get to keep your 401k.’

[arthurus]

Guarantees.

[MHGinTN]

A necessary step before declaring that ALL retirement funds in any program private or public must be replaced with these government guaranteed bonds. They will be your masters, one way or another. Dick Gephardt spilled the beans on this plan a couple of decades ago!

[arthurus]

I cashed out my IRA shortly after I heard the suggestions that Uncle might like to swap me for government bonds.

[arthurus]

He buys and takes possession of physical gold.He buys some carefully researched gold mining stocks. He buys ammo and storable preserved foodstuffs. Etc.

[Lazamataz]

Wow! This is gonna be just like Social Security! And that worked out so well....

[Bullish]

You’re exactly right. This is for suckers.

Anything they promise now can be changed later to suit them. They only have THEIR interests at heart.

[rlmorel]

I fear those days are gone. He has broken the Constitution so often and so blatantly.

They all have, including the damned Republicans who helped them with Obamacare, and us...who let them get away with it. Nobody stopped them.

Sigh.

[Nifster]

Dictator in chief