Cheney's Investment Strategy During the Last Year or Two

[snot]

. . . you heard it first on DU (just over a year ago), thanks to "Me." (NOT me; I got it from "Me" at http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x1578942 ) . . .

Cheney Has Moved His Investments Out Of The Country: What Does That Tell You?

Cheney Betting on Economic Collapse?

July 6, 2006
Mike Whitney / Information Clearing House’

“While Dick Cheney has proclaimed that “deficits don’t matter,” his investment strategy shows he’s not banking on the US economy. The US is $8.3 trillion in debt and has to borrow $2.5 billion a day to keep paying bills. Cheney knows that interest rates are going up and the dollar is headed for the dumpster. Cheney, along with many other US-based millionaires, has moved millions of dollars into European bond funds.

http://www.informationclearinghouse.info/article13851.htm

WASHINGTON (July 4, 2006) — 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.”…cont.

http://www.envirosagainstwar.org/know/read.php?itemid=4340

[Canuckistanian]

1. These articles are two years old

Any updates since then?

Still, it's interesting to know that he appeared to have seen this coming a LONG time ago.

[snot]

2. I know; sorry. Still, instructive? And at least I remembered this & found it;

feel free to procure an update?

[riverwalker]

3. very interesting

he knew, the s.o.b. knew.