Dick's dollars

I know this isn't exactly new news, but I've been thinking over the weekend about an old-ish story (May) from Kiplingers' that was mentioned on a blog or two last week.

The gist of the story is that the Cheney family's financial disclosure forms indicate that the co-president is betting rather heavily on "a rise in inflation and interest rates and on a decline in the value of the dollar against foreign currencies."

Which, for just about anyone else, would be fine. Nothing wrong with hedging against a decline in the dollar.

But Dick Cheney, perhaps the most powerful vice president in history, can do as much as anyone to influence the direction of the dollar (with, to take a CRAZY example that would never happen in the REAL world: overspending and overborrowing and engaging in endless, grotesquely expensive military adventures).

So a guy with that clout betting on the decline of the dollar: isn't that more than a little like insider trading?