Having assets in Treasuries today is like peeing on yourself.
Yep.
About the only thing good about Obamanomics is knowing that the Wee Wee will wipe himself out sometime in the near future.
Posted on 05/17/2011 1:01:04 AM PDT by UniqueViews
A big portion of President Obama's wealth is invested in federal debt, according to a financial disclosure form released Monday.
The president and First Lady Michelle Obama had assets valued between $2.8 million and $11.8 million in 2010.
And between $2 million and $10 million of their assets are invested in super-safe U.S. Treasury securities, according to the disclosure form. That's up from $1.5 million to $6 million reported invested in Treasury notes and bills in 2009.
They also have between $350,000 and $800,000 invested in IRAs and other retirement funds, according to the form.
And the couple has between $200,000 and $500,000 squirreled away in 529 college savings plans for their daughters Malia and Sasha. That's up considerably since the president took office. In 2008, the Obamas reported between $50,000 and $100,000 in such savings.
(Excerpt) Read more at money.cnn.com ...
This accounting thing is harder than I figured.
Obviously when someone was counting, another helpful party was doing the 987654321 thing... I do this whenever possible.
Having assets in Treasuries today is like peeing on yourself.
Having assets in Treasuries today is like peeing on yourself.
Yep.
About the only thing good about Obamanomics is knowing that the Wee Wee will wipe himself out sometime in the near future.
Since Obama is a Keynesian Commie, it is not surprising he would be heavily into government debt since it is nearly a religion with that crowd.
LOL, Pretty much confirms his incompetence regarding financial matters.
Really. Well, now we know the answer to the question. Is he crafty or stupid. Apparently stupid.
So the undocumented Impostor makes $$$$$$$
from his destruction of America. HMMMMM hmmmmm hMMMMM.
Can you imagine all that wealth amassed by a couple of mountebanks and grifters who never worked a single day in their lives? Just disgusting.
Bonds mostly , really campaigning like he knows things are going to get worse.
What a coincidence. Goldman, Sachs is making the same identical play.
The sort of play one would make as in 2008, when Treasury and the Fed collaborated to crash the commodities market, destroy Lehman Brothers, and crush the people hedging their savings against inflation (by investing in energy, natural resources, and precious metals).
Now, how did that happen, Larry?
But hold the phone. See my last. Oh, and commodities are .... toppy ... crashing? Over the edge?
Goldman is the only market player with "perfect information" other than the Fed itself (but with so many alumni out there, anything the Fed knows, Goldman knows too). Morgan Stanley and maybe Citi are the next most knowledgable.
The entailed consequence is that, whereas someone like Bill Gross at PIMCO may invest, and others may speculate ...... Goldman never does either. Goldman just harvests.
Most can identify the crafty and the stupid. The truly clever individual can baffle the shorts off of your teenage daughter. Then have her testify to his integrity after he does her against will. Then you will likewise vouch for his character as a judge dismisses.
This is our... thing... And I am a vile Man for publicly presenting this reality.
this is meaningless
the numbers are pocket money compared to what he’ll make after leaving office - investing his current money in dog $hit futures wouldn’t affect his long term wealth a bit
ex: BJ Clinton
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