If you all haven't already, the next few days is a great time to rebalance your retirement accounts. Stop investing in US federal bonds and focus on international mutual funds and (if available) state and local mutual funds.
I rebalanced last year and my IRA is doing fantastic. (Not today but overall)
As an American I'm all for this. We need to feel harsh pain if we're ever to correct our trajectory.
$100 million is all it takes?!
That is like, barely any.
Daily trading volume of US treasuries is ~900 billion (https://www.brookings.edu/articles/whats-going-on-in-the-us-treasury-market-and-why-does-it-matter/).
Thats 0.00002% of treasuries traded in a single day.
lol. Here we go. Here we fucking go!
There's a reason Buffet sold so much of Berkshire's stocks over the last year. I wouldn't be holding anything of value in the US. I moved my IRA account totally over to overseas investments when this jackass came around the first time. I never moved it back.
but muh economyz!
Danish pension operator AkademikerPension said it is exiting U.S. Treasurys because of finance concerns as Denmark spars with President Donald Trump over his threats to take over Greenland.
Oooof. They no longer trust the US government to be a safe or friendly place to keep their money.
Let the ripple effect begin!
Wouldn't surprise me if the Norwegian pension fund is looking into the same. They do, however, work slow. We'll see if Jonas Gahr Støre continues to receive the stupidest spam imaginable.
They are right to do so. But also, this is a market measured in trillions
I was expecting the AI bubble to burst and then take down the US economy, but perhaps it's going to be the other way around..
I will also be selling my treasuries, I won't tell the exact amount but it's "slightly" less than 100 million.
Now you are dong something they will notice. The number needs to be much higher.
This is an aside, but why is CNBC misspelling "treasuries"?
I switched my retirement portfolio bond allocations into precious metal indexes last year in anticipation for something like this. It turned into my best performing asset.
We are no where near maxxing out credit, which will happen before these malicious clowns lose control.
I suspect at that point they will print money to pay debt and start a hyper inflation.
But lost in all this is stated inflation higher than the cpi, understated on purpose several times in the last half century.
By 2008 inflation was 5 to 8 percent on average under the old measure. Around 3 on the new.
Let's all sell up! There are ways to peacefully protest with robust impact.
Beginning of the end of the US Dollar as a reserve currency.
We Americans are so fucking boned.
I wonder if other countries will be following suit, or what. This seems like a drop in the bucket.
There’s 170,000 people enrolled in that particular pension fund meaning participants invested $590 in UST on average. Not exactly a mind blowing amount but still nice.
Divesting because of US being too indebted is bollocks of course, for now US is still the issuer of their currency and they get effectively unlimited money as long as USD remains global trade currency (which means killing own production but Trump isn’t really all that successful at restarting it so far).
I can't help but think that, like the Nazis paying off the MEFO Bills with stolen Austrian, Czech, and tooth gold, the theft of Venezuelan oil is about papering over the cracks in paying for a bloated war machine.
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