What can be deduced from Cheney's investments?

Xenocrates · Jul 6, 2006

http://www.counterpunch.org/whitney07052006.html

Selected passages:

And, one thing we can say with metaphysical certainty is that the miserly Cheney would never plunk his money into an investment that wasn't a sure thing. If Cheney is counting on the dollar tanking and interest rates going up, then, by Gawd, that's what'll happen.

The American economy is barrel-rolling towards earth and there are only enough parachutes for Cheney and the gang.

Between 2000 and 2003 alone, foreign firms built 60,000manufacturing plants in China.

That's why I'm here!!

Welcome to Bush's 21st Century gulag; third world luxury in a Guantanamo-type setting.

Take another look at Cheney's investment strategy; it tells the whole ugly story. Interest rates are going up, the middle class is going down, and the poor dollar is headed for the dumpster. The country is not simply teetering on the brink of financial collapse; it is being thrust headfirst by the blackguards in office and their satrapies at Federal Reserve.

I'm not an economist, but I like the idea that Mr Dickney's investments might be analysed to reveal the truth behind the BS. If this article is to be believed, hard times are a comin'. Then again, maybe the writer has overstated his case. Whatdya think?

Kozmos · Jul 6, 2006

Shush you foo' you'll get shot in the face!

El_Machinae · Jul 6, 2006

That's what I say about most execs who have long-term destructive policies. It doesn't matter if you're causing inflation, or the cost of living to rise, if your wealth is rising at a faster rate because of your actions.

malclave · Jul 7, 2006

Too bad the author of the linked article didn't read the article he referenced.

The article mentioned (http://www.kiplinger.com/personalfinance/features/archives/2006/05/president.html) states that 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."

It goes on to state that, according to his advisers, the V.P. is not directly involved with the investments.

.Shane. · Jul 7, 2006

malclave said:
It goes on to state that, according to his advisers, the V.P. is not directly involved with the investments.

Yeah, I find the article to be a bit of a hatchet job, which is why I didn't reply. I'm pretty sure that at the level of Cheney, Bush, et al, your investments are handled by a blind trust and you have no say other than maybe general guidelines about how to invest.

Xenocrates · Jul 7, 2006

OK so the people employed to invest for Cheney think (on his behalf) that the dollar's going down and interets rates are going up.

I assume that a man like Cheney isn't choosing newbies to manage his funds......

garric · Jul 7, 2006

You're just trying to find more dirt of Bush/Cheney/America, because you dislike them. I don't see how this is any different, do you?

OK so the people employed to invest for Cheney think (on his behalf) that the dollar's going down and interets rates are going up.

I assume that a man like Cheney isn't choosing newbies to manage his funds......

Xenocrates · Jul 7, 2006

garric said:
You're just trying to find more dirt of Bush/Cheney/America, because you dislike them. I don't see how this is any different, do you?

There's no connection between Cheney and America. They are completely seperate entities, despite the fact that Cheney wants you to think differently.

Besides which, a man is supporting a view publicly, say that a particular policy eg 'DON'T tax but DO spend' (or whatever it's called) won't lead to economic fallout, and his private finances tell an opposite story. There's a legitimate story here.

Do you believe his words or his actions?

woody60707 · Jul 7, 2006

Xenocrates said:
OK so the people employed to invest for Cheney think (on his behalf) that the dollar's going down and interets rates are going up.

I assume that a man like Cheney isn't choosing newbies to manage his funds......

You are right about that, the VP of the USA wouldn't pick "newbies" to manage his investment. the rest of it just doesn't add up.

It's a blind trust, the VP gets little to no say in how his money is invested. and a lot of investers believe that the dollar is going to lose some value vs the EU note. This is a good thing, it will help us cut in the that $800 billion trade deficit that this story talks about.

Xenocrates · Jul 7, 2006

It's the effect of the dollar decline on Asian countries that have been talked into keeping large dolllar reserves that worries me. A lower $ means imports will cost you more it doesn't mean that everyone is suddenly going to buy made in the USA goods. But that remains to be seen I guess.

El_Machinae · Jul 7, 2006

Well, and the general dissatisfaction of people who've invested in your currency (and debt) losing their money.

People won't invest if they don't trust the government to respect the value of the dollar.

What can be deduced from Cheney's investments?

Xenocrates

Deity

Kozmos

Jew Detective

El_Machinae

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malclave

King

.Shane.

Take it like a voter

Xenocrates

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garric

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Xenocrates

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woody60707

Deity

Xenocrates

Deity

El_Machinae

Colour vision since 2018

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