[Nachum]

The Royal Scam

http://www.youtube.com/watch?v=F9D6TkKZW7Q

[Cletus.D.Yokel]

401K is a federal regulation.

You don’t own your retirement fund.

[Little Ray]

MyRA isn’t confiscation (yet), it is just a scam.
But look for it to become mandatory, soon.

[Jane Long]

"But, hurry! This offer won't last long!"

[Zuben Elgenubi]

It is pretty disgusting really. Its also hilarious. The very idea of loaning money to the most indebted entity in the history of the world as an investment strategy is beyond stupid. And to top it off, the interest you are paid is pitifully low and well below real inflation. And yet most people don't understand that's what you're doing buying these bonds. guaranteed return and no risk by loaning your hard earned money to a bankrupt govt.

Over at Zero Hedge (I'm beginning to like that site), they are calling him Barry Bonds.

[Doogle]

"if you like your money you can keep it, period".

[G Larry]

CWII?
or
RII?

oh...

Tea Party!!!

[Obadiah]

I just received an audit on my tax return for 2012 back from the IRS.

It puzzles me.

They are questioning how many dependents I claimed. I guess it was because of my response to the question: “List all dependents?”

I replied:

- 12 million illegal immigrants; 3 million crack heads;

- 42 million unemployed people on food stamps;

- 2 million people in over 243 prisons;

- Half of Mexico; and,

- 535 persons in the U.S. House and Senate; and,

- 1 useless President.

Evidently, this was NOT an acceptable answer.

I keep asking myself, “WHO DID I MISS?”

[Tzimisce]

It’s okay: Sam will just pass a law REQUIRING you to do it. :)

[cuban leaf]

The comments are great.

[nascarnation]

Still seems like a much better deal than SocSec.
Any chance I can switch retroactively?

[Sir Napsalot]

So MyRA will

(1) ‘create’ a non-functioning (most of the time) website for people to sign up,

(2) asking people to give out all of their personal information,

and (3) the gubmint can’t confirm if ANY enrollee pay into the system “for their retirement”,

and (4) squeeze out legitimate financial planning.

What else do I miss?

“Oh, you’ll all gonna like it when you see it.”

[familyop]

All of the financial and political experts say daily, that U.S. bonds and the U.S. dollar are the least risky, so have fun. Enjoy the slide.

[dfwgator]

This whole cluster-you-know-what is all about getting at those IRAs and 401(k)s, No other reason.

[sickoflibs]

If its an option that’s hardly confiscation. I went to the link and read it.

That would be like saying selling US treasuries are confiscation.

US treasuries have been booming the last few years because Uncle Sam can create $$$ to return the principle after a crash, hedge funds wont do that. They say ‘sorry your life savings are gone again, better luck next time. No one could have predicted this’

[sickoflibs]

If its an option that’s hardly confiscation. I went to the link and read it.

That would be like saying selling US treasuries are confiscation.

US treasuries have been booming the last few years because Uncle Sam can create $$$ to return the principle after a crash, hedge funds wont do that. They say ‘sorry your life savings are gone again, better luck next time. No one could have predicted this’