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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.
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.
Why people keep believing anything Obama states is amazing.
Anyone who still believes enough to give their savings to Obama so he can waste it Deserves to lose everything because it seems that is the only way for people to see him for what he really is.
Oh, just wait until they force us all to buy these.
What the hell is Social Security for, then?
Is this yet another Ponzi scheme being dumped on us?
Now that we have the full history of foreign Treasury purchases in 2013, we know the following: in December 2012 total US paper held by foreigners was $5,573.8 billion; one year later it rose to $5.794.9 billion or a $221 billion increase. So how does this look in the context of QE? In the past year, courtesy of the Fed's $1 trillion in TSY and MBS purchases, Ben Bernanke purchases some $552 billion in Treasurys, or about 150% more than all foreigners combined! Suddenly the need for MyRA is becoming all too clear... ZeroHedge
So this is...a chance for me to loan money to the worlds biggest debtor?
WHERE do i sign up!?
This one is a direct transfer of wealth into accounts that will then purchase Treasury Bills to keep the US government spending at current or even (god help us) accelerated levels.
Here's how I imagine it might happen. After the next big Market Crash the howls of those who were finally back to where they were in '07 before the last crash are deafening. In steps the government with a plan. The benevolent leadership has a deal for those who've been so abused by the cruelty of the market. In exchange for all assets remaining in IRA/401ks the government graciously offers to take over all 401k/IRAs and make the owners nearly if not totally whole, but all monies in such accounts are to be invested in a new "full faith and credit of US government" R-Bond ( for retirement) such bonds only start paying at a certain age, and at the death of the holder are not transferable to descendants (except for maybe a spouse or dependent child until age of majority if the .gov is feeling particularly benevolent).