Danish pension fund divesting US Treasuries • Hacker News Board

Re: Danish pension fund divesting US Treasuries

#21

Post by Archelaos » Tue, Jan 20, 2026, 3:41 PM UTC

adrr wrote: post #2

What happens when USD stops becoming the the reserve currency for the world? And who takes its place?

The share of the USD as a reserve currency has already been slowly declining over the last decade, although it is all but dramatic. The reduction is not in favour of another particular currency. Instead, the proportion of minor currencies is increasing. Here is a diagram for the years 2016 to 2023: https://de.statista.com/statistik/daten/studie/232562/umfrag...

Re: Danish pension fund divesting US Treasuries

#22

Post by seydor » Tue, Jan 20, 2026, 3:42 PM UTC

Let's see how Norway will react

Re: Danish pension fund divesting US Treasuries

#23

Post by exabrial » Tue, Jan 20, 2026, 3:42 PM UTC

The US keeps voting to raise its debt cieling. Theres not end in sight to endless taxation by both parties.

Nobody is reducing spending and delivery continues to go down.

Re: Danish pension fund divesting US Treasuries

#24

Post by fabian2k » Tue, Jan 20, 2026, 3:42 PM UTC

> "The decision is rooted in the poor U.S. government finances, which make us think that we need to make an effort to find an alternative way of conducting our liquidity and risk management," Investment Director Anders Schelde said in a written statement.

Not a political decision. Still a bad sign for the US, but not really unexpected.

Re: Danish pension fund divesting US Treasuries

#25

Post by saubeidl » Tue, Jan 20, 2026, 3:43 PM UTC

drstewart wrote: post #19

basilgohar wrote: post #8

Earlier quoted context omitted.

The US starts more wars until its eventual complete collapse. See The Rise and Fall of the Roman Empire. We're operating out of a playbook for imperial destruction word for word.

"History buffs" that literally only know the Roman Empire and Hitler should probably try expand their purview.

I think Qing dynasty China might be a better fit.

Re: Danish pension fund divesting US Treasuries

#26

Post by petcat » Tue, Jan 20, 2026, 3:43 PM UTC

sonotathrowaway wrote: post #10

petcat wrote: post #3

Earlier quoted context omitted.

That would never happen until the US Navy ceases to be effective globally.

You mean like how the Houthi’s unilaterally decided to shut down Red Sea shipping and the US Navy is still powerless to restore it?

That's regional politics. Nothing to do with the superiority of one navy over another

Re: Danish pension fund divesting US Treasuries

#27

Post by monkeydust » Tue, Jan 20, 2026, 3:43 PM UTC

bowmessage wrote: post #7

> $100 million Is that a lot? Seems relatively inconsequential in the grand scheme of things, but perhaps a warning of larger moves to come.

Nope but its about the sentiment

https://ticdata.treasury.gov/resource-center/data-chart-cent...

Re: Danish pension fund divesting US Treasuries

#28

Post by seydor » Tue, Jan 20, 2026, 3:43 PM UTC

david-gpu wrote: post #4

A sensible response, indeed. Investing is about finding the right balance of risk vs reward. When a country becomes less reliable, it becomes a less attractive investment, until the interest they pay rises enough to compensate for the additional risk. Edit: Yes, I am being sarcastic.

When facing war you have more important things to think about, including confiscation and freezing of assets

Re: Danish pension fund divesting US Treasuries

#29

Post by toomuchtodo » Tue, Jan 20, 2026, 3:44 PM UTC

bowmessage wrote: post #7

> $100 million Is that a lot? Seems relatively inconsequential in the grand scheme of things, but perhaps a warning of larger moves to come.

China has been divesting for the last nine months, and continues to do so.

https://www.bloomberg.com/news/articles/2025-12-18/foreign-h... | https://archive.today/4pfum

Re: Danish pension fund divesting US Treasuries

#30

Post by munk-a » Tue, Jan 20, 2026, 3:44 PM UTC

lostlogin wrote: post #20

hypeatei wrote: post #16

Earlier quoted context omitted.

It's not a lot. Multiple countries could offload hundreds of billions and the U.S. Treasury would buy them up immediately (and probably ask the Federal Reserve for some help the next day) I can't find the program name at the moment, but the Treasury plans for situations like this regularly.

> the Treasury plans for situations like this regularly. For attacking allies? I know that’s not what you meant but we must be pushing up against scenarios that haven’t been considered possible.

We've certainly planned for single allies going unhinged - but what we didn't plan for was us going unhinged and causing all our allies to take retaliatory actions. If France, Denmark, Germany, Britain - any one of them was swept up in nationalistic fervor and turned their back on our multi-lateral alliances we could easily weather that storm... when it's us though, that threatens the USD's acceptance as the defacto trading currency especially at a time when BRICS is semi-coherent and we're weathering a recent inflationary burst. This is like a perfect storm.