SOTU Expected To Bring the House Down

[AuH20]

Here's a preview what our eminence has planned...

http://online.wsj.com/news/articles...579345163039263136?mod=WSJ_hp_RightTopStories

Citing two anonymous sources who “have discussed the proposal with the administration,” the AP’s Jim Kuhnhenn reports today that Obama will seek to launch a plan that would allow workers whose employers don’t offer retirement plans to invest money for retirement, tax deferred, in Treasury bonds; the employees could eventually convert those savings to traditional IRAs.

He also is expected to announce that some of the nation's largest employers, including Xerox Corp. XRX +2.17% , AT&T Inc., T +0.64% Lockheed Martin Corp. LMT +0.81% and Procter & Gamble Co. PG +1.12% have signed a White House pledge agreeing not to discriminate against the long-term unemployed when making hiring decisions, according to a draft of the policy and interviews with several people familiar with the matter.

 

[Lucille]

Citing two anonymous sources who “have discussed the proposal with the administration,” the AP’s Jim Kuhnhenn reports today that Obama will seek to launch a plan that would allow workers whose employers don’t offer retirement plans to invest money for retirement, tax deferred, in Treasury bonds; the employees could eventually convert those savings to traditional IRAs.

Baby steps to a complete takeover. Incrementalist bastards.

I won't be watching the disgusting spectacle. We need to get caught up on Justified.

Obama To Unveil Treasury IRA Plans, Or Planning For A Post-Monetization World
http://www.zerohedge.com/news/2014-...ira-plans-or-planning-post-monetization-world

Wondering who will take over the mantle of Treasury bond buyer now that the Fed is stepping away? Curious of the government's next steps towards repression and control of wealth? Wait no longer. As the AP reports, President Obama will unveil a new retirement savings plan tonight that allows first-time savers to buy US Treasury bonds tax-deferred for retirement. Of course, this is not the mandatory IRA that remains somewhat inevitable (as the muddle-through fails) but is certainly a step in the direction we alerted readers to a year ago by which the government generously offers to help manage your retirement savings. Two words spring to mind... remember Poland.
[...]
Of course, this is not what the CFPB suggested a year ago... We're sure the government is just trying to protect your retirement account from terrorists. From Bloomberg:

The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.



That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray said in an interview. He didn’t provide additional details.



The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey to financial scams, according to three people briefed on the CFPB’s deliberations who asked not to be named because the matter is still under discussion.

But it's getting close.

Though Poland remains the strawman...

 

[belian78]

I wish it would, right down on top of all of em.

 

[Lucille]

Citing two anonymous sources who “have discussed the proposal with the administration,” the AP’s Jim Kuhnhenn reports today that Obama will seek to launch a plan that would allow workers whose employers don’t offer retirement plans to invest money for retirement, tax deferred, in Treasury bonds; the employees could eventually convert those savings to traditional IRAs.

It's already being done.

Check your 401K and Retirement Plan! Plans being switched to ALL Government Bonds without Approval. Finding out by Retirement End of Year Statements
http://sherriequestioningall.blogspot.com/2014/01/check-your-401k-and-retirement-plan.html

Those who have been delaying moving their retirement funds out of the system on the account of early withdrawal taxes may want to take notice.
If the official 2012 year end notification an SD reader received from the TSP is any indication, it appears that our prediction of forced movement of 401k, IRA, private & public pension funds into US Treasury bonds may be closer than ever.

As can be clearly seen via the document below, the retired former employee of the Social Security Administration has received official notice that all future 401k contributions have been moved from his prior allocation into 100% US treasury bonds!
[...]
Hey Doc,
I just heard from a friend of mine that who worked for the Social Security Administration for a few years that his entire 401k has been moved from where he allocated it into US treasury bonds.

He just received his annual statement that shows all of his funds have been moved, without his permission or even notice!

This is what Max Keiser and Jim Sinclair have been predicting for over a year now. As far as I know, thus far this has only been applied to non-active employees, but it looks like the tip of the iceberg, and smacks of desperation. I thought you guys could take a look at this.

 

[enhanced_deficit]

Can't beat this performance:



http://www.youtube.com/watch?v=89xowCgAwSQ


Infamous SOTU Speech

 

[Brian4Liberty]

He also is expected to announce that some of the nation's largest employers, including Xerox Corp. XRX +2.17% , AT&T Inc., T +0.64% Lockheed Martin Corp. LMT +0.81% and Procter & Gamble Co. PG +1.12% have signed a White House pledge agreeing not to discriminate against the long-term unemployed when making hiring decisions, according to a draft of the policy and interviews with several people familiar with the matter.
...
Under the nonbinding agreement, companies won't be obligated to hire the long-term unemployed, and it is unclear how the administration will monitor progress.

Crony corporatism. So Obama went into a smokey back room with an elite group of major corporations, and got them to sign a non-binding "pledge"? What did he promise them in return? They gave essentially nothing, but Obama probably granted all kinds of special favors.

 

[Brian4Liberty]

Citing two anonymous sources who “have discussed the proposal with the administration,” the AP’s Jim Kuhnhenn reports today that Obama will seek to launch a plan that would allow workers whose employers don’t offer retirement plans to invest money for retirement, tax deferred, in Treasury bonds; the employees could eventually convert those savings to traditional IRAs.

This is called an IRA. And Treasury Bonds themselves are already tax advantaged to a certain extent. Is he modifying the rules on IRAs and Treasuries, or is he creating a whole new program, with new departments to regulate and administer it? Got to grow government and make the system more complex. Who will handle the transactions and accounts? Goldman Sachs? JP Morgan? Or maybe a lesser known crony of Obama? Maybe the people that built the Obamacare website want to get in the debt dealing business? What are those Solyndra people up to these days? They might give it a try.