MyRA: The great American bail-in

T

thatguy

Active Member
With the fed bailing out of buying treasuries... who is going to buy them? Easy answer is just like japan, it will be the people buying there own debt. As we all know amerika has no means other the printing to pay future debt obligation... so the debt is most assuredly guaranteed and most certainly worthless for when it will be needed. Would not be surprised if Super get forced into Australian Gov bonds sometime in the future

http://www.tfmetalsreport.com/comment/380550#comment-380550
Palin said:
2 cents for the day
Dunno if it's as apparent to you guys as it is (as of like 2 days ago!) to me...but the US is being bailed-in. But all slow and careful like, unlike the jarring rapidity of Cyprus and MF Global.

Bail-in. That's what MyRA is. That's what this 401k auto-switch to Treasuries is (assuming that's actually true, so far just the one case on Silver Doctors, I think? Let's get some more distribution on that and other similar stories before jumping off a cliff, eh?) That's what tapering is (Fed was bailing out, now they're slipping out the back door, loot in hand, while most of the players are still at the table looking for the next hand to be dealt). That's what floating rate Treasuries is. That may even be what asset re-allocation out of stocks into bonds is due to stocks sucking @ss at present (but this is of course a global concerted effort, not a quick overnight manipulation, and may reverse course at any time). Everybody was being pushed into stocks. Now they're being pushed into bonds. From a hundred directions all at once...it's the story. The Only Story. Maybe (just maybe, when O gets his halo and wings from the Rothschilds) it will be the new Greatest Story Ever Told.

One might consider the unconsiderable...Yellen's Fed will not re-liquify. Maybe Japan will do it alone, or back off too? Surprises do occur. And all in concert with German and IMF 'concept' of 10% wealth tax bail-in and the many gradual diversifications out of the dollar being headlined daily. The Dollar may very soon be Our Dollar, for better or worse.

Armstrong says floating rate 2 yr is a Treasury snub to the Primary Dealers (aka Ffffed :) I say, okay, then CB bail-in is a snub to everybody with visible in-system assets (ripe for % confiscation) and holders of cash-in-mattress (ripe for overnight re-valuation). That takes care of all liquid assets. Illiquid real estate? Fed owns all those notes now thanks to QE3, so good to go. (And we're all effed.) Which came first the chicken or the egg? Does it even matter? Let's see O or Treasury attempt some non-CB Greenbacks or U.S. Notes...that usually ends with a bullet in the head :)
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http://www.zerohedge.com/news/2014-...secure-retirement-promises-treasury-secretary
There are no fees100% of any contribution goes into the account and is invested in a Treasury security. That means it will be backed by the full faith and credit of the United States, will earn the same interest rate that is available to federal employees for their retirement savings, and the balance will never go down.
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Nice move FED nice move
 
"Would not be surprised if Super get forced into Australian Gov bonds sometime in the future"


Two quotes here.

"Never get between a Treasurer and a bucket of money" - komrade paul keating.

"NEVER, EVER, trust the government" - Old Codger


I have no doubt whatsoever that the government will in due course, as the world unravels, will look to the $1.5 TRILLION in the various Super Funds, and the $78 BILLION in the Future Fund.

The tricky bit is getting at the capital in those funds. It is ALL invested somewhere, on the ASX and Wall Street, in Bonds around the world, and so on. NONE in Gold and Silver!!!

If they forced the funds to flog off all the shares it would crash the ASX, so they will not do that.


I expect they will pass a law to force the annual income to be channeled to OZ Bonds. At a guess, about $75 BILLION (5%) a year.

Waddya reckon Joe, a good idea?


OC
 
Joe Hockey, "Get me Old Codger on the blower! We need him to run the Future Fund, the Treasury, and the Trains, just for good measure."
 
hB78CC1A8

lol
 
But... but ... Barack is black, surely that means he's not a censored like all those white fuckers?

Dear Reader,

Did you watch the State of the Union address?

I didn't, because, well I didn't want to.

But I did read the transcript the morning after. And boy is there a doozy in there. A lot of news outlets are talking about it. But very few dissected Obama's tricky language enough to understand its significance.

I'm talking about his unveiling of the "MyRA," which is ostensibly a new retirement account for working-class Americans. Sounds innocent enough.

But read a little closer, and well, rather than put words in his mouth, let's let the skilled orator tell us about the MyRA himself, word for word from his State of the Union address.

Take it away, Barack. (His words, verbatim, are in bold.)
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http://www.caseyresearch.com/cdd/obama-fires-the-first-shot-on-your-retirement-account

Edit to add: hey admin, you missed "fuckers" when you were censoring free speech. :P

Edit to add: edited because the dhead can't spell speach speech :lol:
 
The MyRA won't amount to much money, but it will help US citizens get used to the idea of their retirement money being invested in T Bonds. Ala Argentina, Poland, etc., retirement account assets will be seized and safe T Bonds substitued. Obama has been planning this since before his first term started.
 
Wonder if trust law is developed and commonly understood enough for a self managed option to develop like we have, for people to stay away from what I'm calling toxic government bonds.
 
AngloSaxon said:
Wonder if trust law is developed and commonly understood enough for a self managed option to develop like we have, for people to stay away from what I'm calling toxic government bonds.
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A self directed IRA is what I plan to do when I think the time is near. Self directed IRAs are a lot more expensive, but they allow you to hold assets outside the US.
 
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