Well I'll be damned.
Is Cheney Betting on Economic Collapse?
You'd better believe he is. From his fortunate position at the top of the corporate heap, he has seen the oncoming tidal wave of stagflation (combined inflation and slow economy) for some time now. And because of this, he is investing HEAVILY (>$25 million worth) in safe bonds and markets that anticipate the US dollar going belly-up.
From the article, Cheney placed large amounts of capital 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.”He's hedging his bets because he KNOWS what is coming. Yet another instance of deception from the corpolitical bastards who are driving this country straight off a cliff only to bail out at the last second. And do you know who the backseat passengers are, securely strapped in for the ride down? YOU, ME, AND OUR CHILDREN.
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.This quote rings so true after all the lies and snake-oil peddling we've been handed from this war-mongering administration.
More from the article:
Do the math! They're not investing in America anymore. They are decreasing their stockpiles of dollars. We’re sinking fast and Cheney and his pals are manning the lifeboats while the public is diverted with gay marriage amendments and “American Celebrity”.*sigh* All the band-aids that Bush/Cheney/Fed Reserve have been putting on lately are only postponing the inevitable. I feel sorry for the next president that is going to inherit this mess of an economy.
4 comments:
Okay I have to say to you for starters sir I just wrote about 8 paragraphs and the power went off so I lost everything that I just wrote.
Anyways I must say for starters that any smart person with money to move would put it in places that would guarantee dividends. Is that not the way that people make money in the stock market in the first place? I must say that Vice President Chaney probably has better information than you and I but we must agree that the wise person would take insider trading or whatever insider information that they could get and use it to their advantage in a heartbeat.
That having been said I must first clarify that the My Nathan Chumley is that the most valued conversationalist that I currently possess, if that is even how that should be stated. I tend to agree politically with you most of the time: however I am able to state, and acknowledge that you are that most logical politically, rationally, and just overall knowledgeably of my friends. So I feel quite honored that this seems to be written personally for me, given the fact at least that I am the only person moved to respond to this posting.
On you opinion that you feel sorry for the person that takes over the country, I could not agree more. Whether it be Senator Clinton, Senator Obama, or Senator McCain, I feel that they are all in quite a bad economic situation.
In fact I would have to say that should he win (no matter how much I hope he does not) I feel that Senator McCain is in the worst spot. Should he win Senator McCain is going to be completely (pardon the expression) screwed! He has signed on to nearly every political policy that the Bush administration has implemented, and honestly I fear for the wellbeing of the United States should we be forced to endure another 4 - 8 years of the " Bush Administration".
I must say after having gone to listen to Senator Clinton speak at last week I am swayed more to her side but am still planning to vote for Senator Obama. I feel that he is our best hope for getting out of this economical downturn that we have entered into and more importantly: this WAR that is the worst occurance of our lifetime.
I must end this comment for now as im sure that I have probably written more than the original post. However I would urge you my friend and confidant to not give up on this blog for I promise you that I will read and comment on it and suggest that the useless war be the next topic for debate. Peace and LOve always....let it be..... so you say you want a revolution? We all wanna change the world....but you talk about destruction?... you can count me out!!!!! Austin
Austin, you are the man. Thanks for the comment, it's good to know I'm not just talking to air here.
Now in this post I'm not saying Cheney is just a dumbass driving this country into the ground. Quite the opposite in fact. He is an extremely shrewd businessman who knows EXACTLY what he is doing when he cranks the war machine up to full power, borrows massively from foreign governments, and then proceeds to jump out of the plane right at the top of the climb while we ride back down to the ground.
I guess I just feel manipulated because we were duped into an unnecessary war in 2002 that has really done nothing but remove Saddam and line the pockets of rich corporations (i.e. Halliburton, Blackwater).
What Cheney is doing is extremely smart FROM A BUSINESS STANDPOINT. But that doesn't mean it's the right thing to do. He's continuing to make money off of the tortured animal that is the United States economy. You can only whip an ox so much before it's legs give out, and America's legs are looking pretty wobbly these days.
So, I saw your link on facebook, and being the stalker that I am, I checked out your blog. I know very little about business, so I shouldn't comment about it. Even though I never thought of business as a very ethical profession; especially at the amount of money our VP is investing.
So, I guess I should've put this under the Walmart manifesto, but oh well. Anyways, I watch a lot of tv...and I saw this story.
http://ac360.blogs.cnn.com/2008/03/28/wal-mart-still-plans-to-take-money-from-brain-damaged-woman/
You probably have heard about it, but if not, it's really sad. Anderson Cooper blogs during his news cast, and he was talking about them originally putting on a short clip about this story. He said the feedback they received was enormous and very opinionated so, he did a big interview and all of that stuff. Anyways, it's a good read, and just another thought for your manifesto.
I liked Austin's comment about you being a valued conversationalist. It's very true. Even though I tend to lean more to the right with my beliefs, I appreciate (for lack of better terminology) yours.
Anyways...I think I've typed enough. Later
Erynn,
Thanks so much for the comment! I love the contribution!
Yeah, I heard about that woman and her struggles with that bastard corporation Wal-Mart. I'm glad they are getting all this negative press, it'll help tune people into what a money-grubbing collection of parasites they are.
Now granted, the attempt to reclaim the money they lost due to her insurance is completely legal, it's not ethical at all. Yet another instance where Wal-Mart is only looking at the bottom line profit and not the well-being of its employees.
Thanks for the link too, I'll put it up on the frontpage.
Nate
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