Obama Bearish on US Financial Security: Owns All Short and Intermediate Treasuries, No 30 Year Bonds…
It’s almost like he knows America’s going to hell in a hand basket thanks to his Keynesian policies.
(CNS News) — President Barack Obama and First Lady Michelle Obama own between $2.1 million and $10.25 million in U.S. Treasury securities, according to the president’s financial disclosure form released yesterday.
But all of that money is invested in short-term U.S. Treasury bills and intermediate-term U.S. Treasury notes. None is in long-term U.S. Treasury bonds.
By definition, according to the U.S. Treasury Department, Treasury “bills” mature in one year or less, Treasury “notes” mature in terms of 2 to 10 years, and Treasury “bonds” mature in 30 years.
U.S. Treasury bonds pay a higher interest rate than the shorter-term Treasury notes and bills, but they also carry a higher risk of their value being eroded by inflation. . . .
As listed on page 3 of the disclosure, the president and first lady own three blocs of U.S. Treasury securities. They own a bloc of short-term Treasury bills worth between $100,001 and $250,000 in a SEP/IRA. They own a much larger bloc of short-term Treasury bills worth between $1,000,001 and $5,000,000 that is not in an IRA. And they own a bloc of intermediate-term Treasury notes worth between $1,000,001 and $5,000,000.
Posted by ZIP on Tuesday, May 17, 2011, at 8:31 pm | 
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Borderline criminal imo. This man HATES the country he was elected to lead. Bizarro-world.
Sixty four years ago Norman Thomas knew what was going
to happen to our country in 2011. Norman Mattoon Thomas
(November 20, 1884 – December 19, 1968) was a leading
American socialist, pacifist, and six-time presidential
candidate for the Socialist Party of America. The Socialist
Party candidate for President of the US, Norman Thomas, said
this in a 1944 speech: “The American people will never
knowingly adopt socialism. But, under the name of
“liberalism”, they will adopt every fragment of
the socialist program, until one day America will be a
socialist nation, without knowing how it happened.” He
went on to say: “I no longer need to run as a
Presidential Candidate for the Socialist Party. The Democrat
Party has adopted our platform”.
Just in case you didn’t already know this. This is what we now have in the White house. sickening!!
This is why our Country needs Col West, and we need him NOW!!!
Progressive* Democrats voted in a self-important, colossal idiot who has never done anything in his entire worthless life (other than voting present). Now, when he looks down his snoot and lectures us, insults our country, insults our religion, insults my friends and insults me, I take offense!
How to create jobs…
…From a man who has never held a real job.
How to run our businesses…
…From a man who has never run a business..
How to run our education system…
…From a man who hides his college records.
How to manage our finances…
…From a man who spends money we don’t have.
How we should respect his faith…
…From a man who mocks Christian faith.
How to run our military…
…From a man who embraces those who attacked America.
How he respects our American Heritage…
…From a man who is dedicated to Socialism.
*progressive: I am elite and smart, you are stupid, therefore I will be your master
I’ll say it again:
They “clip me” while ” I clip coupons”
WELCOME TO THE OBAMANATION
CROOKS they are, all of them !
Not to be a nit picker, but I don’t think Obama’s policies can be classified as “Keynesian.” As I understand it Keynsian policies would maintain government spending during economic downturns at the same level as they would be at during normal economic conditions. Obama policy is to vastly increase government spending well over what it would be during even the best of times. The technical term for it is ‘insanity.’
WITH ALL THIS MONEY, HE”LL GO DOWN WITH THE REST OF US….
THE DOLLAR IS FALLING, SO IS HIS MONEY…..MAYBE HE’LL PACK HIS BAGS, TSKE HIS MONEY AND LEAVE THE U.S.A. WHILE HE STILL HAS A CHANCE.
Not one dime. Not one dime invested in common stock. Not one dime invested in the future of America. Not one dime invested in companies that make things. Not one dime in our future. All their money was put in places to “preserve” their money. Nothing for the people of tomorrow. Selfish is to kind of a word. . .
I think a lot of the thugs in power know. After all, why would they invent TIPS (Treasury Inflation Protection Securities)?
Pure Evil
I thought politicians were supposed to have their money in blind trusts.
“From a man who has never held a real job.”
From a man who doesn’t even know anyone who has ever held a real job.
That’s not his money he’s invested. Remember – he never had a job before now (actually still doesn’t). That’s “Satan” Soros’ money he’s supposedly invested; just enough to try and tweak the public.
Not to sound like a broken record, but maybe barry can use some of his money (after all didn’t barry sat that at some point one has enough money) to pay back the money he stole from the GM bond holders.
There are no words to describe the level of contempt I feel toward this fraud.
Remember how Soros made his money…by collapsing other countries currencies…just sayin….
His policies have less to do with Keynsian thought but more to do with UN Agenda 21. Check it out.
So, when political figures have stock portfolios which may be influenced by their policies, aren’t they required to put those into a trust of some kind so that they cannot benefit from their own policies toward those stocks?
Why is Obummer exempt from putting his portfolio into a similar trust to keep him from benefiting from his actions in office?
.
MADgirl91 says:
May 17, 2011 at 9:26 pm
I thought politicians were supposed to have their money in blind trusts.
Precisely! (Just saw your comment, MADgirl91.)
.
This is the ultimate insider information. Obama thinks that inflation will wipe out the 30 yr bonds.
Amazing that in this country, one can grow up, have no money, become a PUBLIC SERVANT and suddenly become very wealthy. Why didn’t I ever think of that?
It always makes me gaffaw when the ill gotten gains of commies are revealed. For being an anti capitalist redistribute the wealth choir they sure love their money and guard it jealously.
Isn’t this a conflict of interest and could it not be termed “insider trading” since by his very actions as POTUS, influence the return on his holdings. Isn’t this a felony?
Not too surprising. Only fools would invest in 30-yr treasuries. Who wants to tie their money up for 30 years until maturity?
FreeMan, you can call it insider trading, but Treasuries are nothing more than a loan and aren’t covered by insider trading laws. POTUS can’t influence the return on his holdings like he could with stock. Now if he owned a lot of GE stock that could be a conflict of interest. The only place he has to put his money is in US Treasuries which is where you don’t want to be starting about 2 years ago. He’s actually getting screwed by playing things on the up and up by being in Treasuries only.