Wow.... I find this to be quite telling. Always follow the money. Here is a President where most of his investments are in short term products, while setting policy that is supposedly to "take us into the future".
Appears his investment style contradicts his rhetoric. He knows his policies are destroying us and his investments prove the point.
CNSNews.com) – 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’sfinancial 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.
On the Executive Branch financial disclosure form that the White House released yesterday, the president was required to name each of the assets he, his wife and his dependent children owned as investments or to produce income if the fair market value of the asset exceeded $1,000. The disclosure only required the president to report the dollar value of these assets in broad ranges (i.e. $1,000,001 to $5,000,000).
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.
In total, the Obamas own between $2.1 million and $10.25 million in short- and intermediate-term U.S. Treasury securities. But, according to the financial disclosure form, the Obamas do not own any long-term U.S. debt in the form of U.S. Treasury bonds that mature in 30 years.
The Obamas’ holdings of U.S. Treasury securities equal up to 86.6 percent of their total assets, which equal between $2.8 million and $11.83 million.
In addition to the investment they have made in short- and intermediate-term U.S. debt, the Obamas also have money invested in a mutual fund that mirrors the S&P 500, a pair of college savings funds, the Illinois State Assembly’s pension fund, and
