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Obama Introduces MyRA: The "No Risk, Guaranteed Return" Retirement Savings Bond
Zerohedge ^ | 01/28/2014 | Tyler Durden

Posted on 01/28/2014 8:12:10 PM PST by Rusty0604

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1 posted on 01/28/2014 8:12:10 PM PST by Rusty0604
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To: blam

Ping.


2 posted on 01/28/2014 8:13:36 PM PST by Jet Jaguar
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To: Rusty0604

Investing in something with no risk. Wow, that’ll bring some solid yields.


3 posted on 01/28/2014 8:14:15 PM PST by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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To: Rusty0604
That’s why, tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings

Bush tried this, it was a "risky scheme, SCHEME!!!!!" The Democarats howled at the idea. I guess Obama's is better, it keeps the government in control of the funds, ya sucka's..

4 posted on 01/28/2014 8:16:37 PM PST by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: DesertRhino

Will the yields be indexed to inflation?


5 posted on 01/28/2014 8:16:58 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: DesertRhino

And there are a lot of people who will buy this hook line and sinker.

Damned liberals. When it comes to money, they all believe in perpetual motion machines.


6 posted on 01/28/2014 8:17:18 PM PST by rlmorel ("A nation, despicable by its weakness, forfeits even the privilege of being neutral." A. Hamilton)
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To: DesertRhino

Wait till they mandate that the private equity assets in the “rich peoples” IRAs and 401Ks be swapped for Obamabonds so its “fair” for everyone.


7 posted on 01/28/2014 8:20:02 PM PST by redlegplanner ( No Representation without Taxation)
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To: Rusty0604

This sounds worse than Cash 4 Clunkers!


8 posted on 01/28/2014 8:20:19 PM PST by Viennacon
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To: rlmorel

I thought Congress passed tax laws. Silly me.


9 posted on 01/28/2014 8:20:53 PM PST by Richard from IL
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To: Viennacon

it is, he will also probably want it mandated for all

Those who earn more will see their “contributions” shaved and put into accounts of the poor


10 posted on 01/28/2014 8:21:26 PM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: Rusty0604

You can already invest in series I savings bonds which defer income taxes up to 30 years and pay at least the inflation rate. And currently they pay a better rate than inflation rate based Treasury Bonds.


11 posted on 01/28/2014 8:21:57 PM PST by KarlInOhio (Republican amnesty supporters don't care whether their own homes are called mansions or haciendas.)
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To: KarlInOhio

That’s what I was going to say. Hasn’t Obammy heard of Savings Bonds?


12 posted on 01/28/2014 8:24:20 PM PST by RightGeek (FUBO and the donkey you rode in on)
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To: Rusty0604

A guaranteed rate of return?

Such as what?

Current interest returns are as small as 0.01%. I happen to have an older annuity that is currently returning 4.75% — which is massive in the current low interest period. About 15 years ago, 8% was considered a low-moderate saving rate.

==

This bond sounds like more feel-good-ism that sounds good and looks good on paper, but in reality may not be.


13 posted on 01/28/2014 8:24:21 PM PST by TomGuy
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To: Rusty0604

Will they let you put your Social Security here instead of the Ponzi scheme it’s in now?


14 posted on 01/28/2014 8:24:27 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: Ghost of SVR4

I think Obama is limiting investments to gov’t bonds.


15 posted on 01/28/2014 8:24:45 PM PST by Rusty0604
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To: Rusty0604; Texas Fossil

Myra, - - - Myra - - - . There is a Country song in there somewhere - - - .


16 posted on 01/28/2014 8:25:22 PM PST by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: Rusty0604
well..there it goes; all ira/401accounts, 0'B@$t@$d is going to destroy any
tax advantage of these accounts..the IRS (brownshirts) shall be given that duty.

17 posted on 01/28/2014 8:25:33 PM PST by skinkinthegrass (The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
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To: Rusty0604

Lending money to the U.S. government. Maybe I am wrong, but it seems to me to be a huge red flag when a borrower browbeats a credit rating agency not to lower its rating on the borrower’s debt. But what do I know?


18 posted on 01/28/2014 8:25:59 PM PST by fhayek
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To: Rusty0604
He gets billions of dollars printed so he has got lots of walking around money for his pals.

He screws around with our health insurance to make it more expensive for everyone.

Then he thinks he can make it all nice by passing out some worthless saving bonds.

What the hell is wrong with this picture?

19 posted on 01/28/2014 8:26:13 PM PST by Slyfox (We want our pre-existing HEALTH INSURANCE back!)
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To: Rusty0604

When I was a Registered Investment Advisor....if I offered an investment that I claimed had no risk and a guaranteed return...I would have been in big trouble or could have some jail time.


20 posted on 01/28/2014 8:26:25 PM PST by woofer2425 (Obama inhales immensely!)
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