- 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
- 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.
- Reasonable people can dispute that Bush is "intentionally"
skewering the dollar with his lavish tax cuts, but how does that explain
- It doesn't. 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 Bush-Cheney team has racked up another $3 trillion
in debt in just 6 years. The US national debt now stands at $8.4 trillion
dollars while the trade deficit has ballooned to $800 billion nearly 7%
- This is lunacy. No country, however powerful, can maintain
these staggering numbers. The country is in hock up to its neck and has
to borrow $2.5 billion per day just to stay above water. Presently, the
Fed is expanding the money supply and buying back its own treasuries to
hide the hemorrhaging from the public. Its utter madness.
- Last month the trade deficit climbed to $70 billion.
More importantly, foreign central banks only purchased a meager $47 billion
in treasuries to shore up our ravenous appetite for cheap junk from China.
- 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".
- The American manufacturing sector has been hollowed out
by cutthroat corporations who've abandoned their country to make a fast-buck
in China or Mexico. The $3 trillion housing (equity) bubble is quickly
loosing air while the anemic dollar continues to sag. All the signs indicate
that the economy is slowing at the same time that energy prices continue
- This is the onset of stagflation; the dreaded combo of
a slowing economy and inflation.
- Did Americans really think they'd be spared the same
type of economic colonization that has been applied throughout the developing
world under the rubric of "neoliberalism"?
- Well, think again. The American economy is barrel-rolling
towards earth and there are only enough parachutes for Cheney and the gang.
- The country has lost 3 million jobs from outsourcing
since Bush took office; more than 200,000 of those are the high-paying,
high-tech jobs that are the life's-blood of every economy.
- Consider this from the Council on Foreign Relations (CFR)
June edition of Foreign Affairs, the Bible of globalists and plutocrats:
- "Between 2000 and 2003 alone, foreign firms built
60,000manufacturing plants in China. European chemical companies, Japanese
carmakers, and US industrial conglomerates are all building factories in
China to supply export markets around the world. Similarly, banks, insurance
companies, professional-service firms, and IT companies are building R&D
and service centers in India to support employees, customers, and production
worldwide." ("The Globally integrated Enterprise" Samuel
Palmisano, Foreign Affairs page 130)
- "60,000manufacturing plants" in 3 years?!?
- "Banks, insurance companies, professional-service
firms, and IT companies"?
- No job is safe. American elites and corporate tycoons
are loading the boats and heading for foreign shores. The only thing they're
leaving behind is the insurmountable debt that will be shackled to our
children into perpetuity and the carefully arranged levers of a modern
- 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