Cheney's money votes "No confidence" in US economy

[BurtWorm]

http://www.huffingtonpost.com/2006/08/25/cheneys-investments-show_n_27991.html

Cheney's Investments Show Lack Of Confidence In US Economy...

Alternet Peek | Evan Derkacz
What's that expression? Money talks, bulls**t walks...

Via a tip to PEEK, I was directed to a May report that flew under my radar: Are Dick Cheney's Money Managers Betting on Bad News?

According to Kiplinger's, the Cheneys, who may be worth close to $100 million, have invested the vast majority of their wealth overseas, in markets that do not fluctuate based on the U.S. dollar:

Vice President Cheney's financial advisers are apparently betting on a rise in inflation and interest rates and on a decline in the value of the dollar against foreign currencies. That's the conclusion we draw after scouring the financial disclosure form released by Cheney this week.

[ThomCat]

1. This is not recent news, but it's damned important.

It's insider trading at the highest level. Cheney and crew know they're fucking up the US economy and they're determined to profit from it.

[ixion]

2. Cheney knows: don't shit where you eat

and that's exactly what he's doing. The only problem is that he's shi**ing all over the rest of us. :grr:

[zeemike]

3. Not everyone lost in the great depression of 1930s.

Those that are in the know usually gain.
So it is no surprise to me that he has his investments in foreign money.
We are in inflation now but they are pretending that it isn't so.

[gratuitous]

4. Sounds like Cheney needs another tax cut

He doesn't have enough money to invest in the United States and to create jobs here, so he'll need another tax cut, which this time we really, really hope he invests domestically and creates a bunch of jobs. Because if he doesn't we'll have to give him another tax cut next year.

Republican logic is simply flawless, isn't it?

[Anarcho-Socialist]

5. It isn't surprising

The British Pound is likely to hit the psychological £1 = $2 mark soon, and the Euro will probably trade in the €1 = $1.30/1.40 range in the near future.

The federal deficit is telling business and investors that current US growth is unsustainable and is likely to slump once the federal tap is turned of; and also the value of the US Dollar is considered to be too high which has seen investors and foreign central banks diversifying their portfolio at the expense of the US Dollar. Long-term inflation is higher in the US, than the British market or the Eurozone which indicates further dollar depreciation.

I think Cheney is smart with his own money, but how he and the other Republicans manage the public purse is another matter.

[acmejack]

7. They are managing exactly the way they wish.

They have directed the US economy in the precise manner they desired, which was to force it into a position where the mandatory entitlement programs were no longer sustainable. That's their objective was to undo the new deal through bankruptcy. Watch the World Bank force us into a debt repayment deal ala Argentina in the 1990s. We shall be thoroughly screwed.

Along those lines see ben Sargent from today:http://www.uclick.com/client/wpc/bs/

[liberal N proud]

6. That way when he flees the country to escape prosecution

We will not be able to freeze his bank accounts.

But what if the world courts take action before we can?