Putting the "ho" in "hohum"...........................from Rico

As expected, during the Stench Of The Union presented before the very baston of fiduciary duty and fiscal responsibility (namely both parties in Congress; yes, the Bloods and the Crips of American politics today) Barry LNU [last Name Unknown] floated his latest massive bait-and-switch scheme...MyRA.

- Here's a pen for you pal, you know where you can put it!


A choom-inspired panacea for the half of Americans who have ZERO saved for their retirement in a low-wage and scarce-job economy, MyRA is in his words "It's a new savings bond...with no risk of losing what you put in..."

- Riiiiight. This 'automatic' IRA pretty neatly ensures 'automatic' continuity for the FED's Quantitative Easing.


Put into other words: IF YOU LIKE YOUR RETIREMENT ACCOUNT, YOU CAN KEEP YOR RETIREMENT ACCOUNT.


Not that governments everywhere...includng the USG...aren't seriously taking a hard look around for anything of value to steal or pawn!

- Detroit expropriated $11 billion of pension plan funds.

- Poland confiscated 28 billion EUro's to reduce their national debt to 56% of the GDP, taking the funds from private and public pensions witout compensation.

- Ten countries in EUrope and South America have already stolen, converted, or expropriated pension plans to fund government operations.


Think it won't happen in the US? Better think again.

- Think GRA. Think Guaranteed Retirement Annuities. Think the GRA Act (known as the Ghillarduci Option after its sponsor in Congress), which has already...very quietly...become LAW in the US.


Surprised? You should NOT be.

- Whenever you hear politicians saying "for the greater good" or "for your own good" what they REALLY mean is that it's for THEIR good, not yours. It's never meant to be for YOUR good.