So it begins.
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So it begins.
Danish pension fund to dump US treasuries "The US is basically not a good credit and long-term the US government finances are not sustainable," says chief investment officer.
Europe holds $8 trillion in USA bonds and equities. This is just the beginning.
@nemeciii They're not the only ones. Black Rock also pulling money outta USA. https://www.youtube.com/watch?v=oTBC6EBHNPY
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@nemeciii I guess it will be a slow and long crumbling of trust in US economy and politics.. in 5 years it will be interesting to see if this has turned out to be true.
@huopa @nemeciii Canadians, who had winter homes in Florida, are selling and going elsewhere. https://www.youtube.com/watch?v=mWKgFE-JyqM
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@nemeciii Getting rid of American digital bondage is also so primordial too. Just yesterday, I removed Windows altogether from my computer.
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@swggrkllr3rd @nemeciii Linux Mint. I have been dual-booting for about 1 year. Yesterday I removed Windows completely.
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@rimu I know.
Deutsche Bank floated an idea to dump it all from every country.
@nemeciii @rimu pooty gave drumpf the Orange One a loan through Deutsche Bank of $400M before his first periode. https://forensicnews.net/trump-deutsche-bank-loans-underwritten-by-russian-state-owned-bank-whistleblower-told-fbi/
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Yes, exactly a run on US treasuries globally is a financial disaster for those that hold treasuries.
Japan, China, US pension funds, banks that hold treasuries.
I am kind of curious how this affects stable coins.
@GhostOnTheHalfShell @mattesilver @nemeciii @cryptadamist Gold are going to take OFF !!
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@mattesilver @GhostOnTheHalfShell @nemeciii @cryptadamist Don't know, but it's high $4,600/tr ounce
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So it begins.
Danish pension fund to dump US treasuries "The US is basically not a good credit and long-term the US government finances are not sustainable," says chief investment officer.
Europe holds $8 trillion in USA bonds and equities. This is just the beginning.
@nemeciii - Re: "The US is basically not a good credit and long-term the US government finances are not sustainable,."
To be fair, this has been true since the Reagan administration when the tax cuts for the wealthy were initiated and deficit spending exploded (Reaganomics), and no Congress or administration since could be bothered to turn this around.
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So it begins.
Danish pension fund to dump US treasuries "The US is basically not a good credit and long-term the US government finances are not sustainable," says chief investment officer.
Europe holds $8 trillion in USA bonds and equities. This is just the beginning.
@nemeciii Canada can join. We have some too!
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America under Trump is so odd.
After decades of kvetching about the national debt & using it as an excuse to gut the middle class, refuse to get #medicare4All , and eliminate the social safety net etc...
... the $38 trillion of the USA national debt means MAGA can't afford a war without digging themselves deeper.
