Is Cheney betting on Economic Collapse?
Posted March 27th, 2008 by silentboom
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Wouldn’t you like to know where Dick Cheney puts his money? Then you’d know whether his “deficits don’t matter” claim is just baloney or not.
Well, as it turns out, Kiplinger Magazine ran an article based on Cheney’s financial disclosure statement and, sure enough, found out that the VP is lying to the American people for the umpteenth time. Deficits do matter and Cheney has invested his money accordingly.
The article is called “Cheney’s betting on bad news” and provides an account of where Cheney has socked away more than $25 million. While the figures may be estimates, the investments are not. According to Tom Blackburn of the Palm Beach Post, Cheney has invested heavily in “a fund that specializes in short-term municipal bonds, a tax-exempt money market fund and an inflation protected securities fund. The first two hold up if interest rates rise with inflation. The third is protected against inflation.”
Cheney has dumped another (estimated) $10 to $25 million in a European bond fund which tells us that he is counting on a steadily weakening dollar. So, while working class Americans are loosing ground to inflation and rising energy costs, Darth Cheney will be enhancing his wealth in “Old Europe”. As Blackburn sagely notes, “Not all ‘bad news’ is bad for everybody.”
This should put to rest once and for all the foolish notion that the “Bush Economic Plan” is anything more than a scam aimed at looting the public till. The whole deal is intended to shift the nation's wealth from one class to another. It’s also clear that Bush-Cheney couldn’t have carried this off without the tacit approval of the thieves at the Federal Reserve who engineered the low-interest rate boondoggle to put the American people to sleep while they picked their pockets........................................................
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No surprise
I don't think Cheney walks into anything "blind"
He is a Treasonous piece of sh!t and there is abundant proof of his complicity in the 911 atrocities. He must be impeached, tried for treason, genocide, war profiteering and war crimes and then hung by the neck until dead once proven guilty. He is making literally billions of dollars on the blood of US soldiers and innocent civilians around the globe. He is perhaps the most heinous criminal in the history of the world.
There, that feels better :)
Good article
not surprising, they make the mess and then profit from it. I am surprised he is not betting on the demise of the airlines. There are been 3 major airlines in the last couple of weeks, that have canceled a very large number of flights. The official reason given, safety inspection, but I am thinking fuel prices. I wonder which one will go out business first.
Interesting
thanks for posting! You know we all love the economic stuff here.
to be fair
it is his "money managers" and not he who is doing this. he is supposed to have his money in blind trusts while he is in office. So, in principle anyway, he is not telling his mangers where to put the money (if you trust him to be following the law)
On the other hand, it is interesting that the people he trusts to handle his money apparently disagree with him on these issues.
I concur with the blind
I concur with the blind trust info as I recall reading about that requirement some time ago. What I had read was about the President needing to have his financial investments handled without his involvement in order to avoid any conflicts of interest, etc. It makes sense for that policy to also apply to the VP.
Here's the orginal
http://www.kiplinger.com/...