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Danish pension fund divesting US Treasuries

reuters.com

111–120 of 857 posts

Re: Danish pension fund divesting US Treasuries

#111
post #90

Earlier quoted context omitted.

> when the alternatives are people like.. Hilary Clinton ? Would she have been worse than this? And the US had a better choice the second time.

No, I do not even think people like DeSantis or Ted Cruz would have been worse. Trump was one of the worst possible candidates the US voters could pick.

And you don’t just have to pick from the red team.

But as you say, was there a worse option? It’s hard to find it.

Re: Danish pension fund divesting US Treasuries

#112
post #83

Earlier quoted context omitted.

> That sounds like a rhetoric for better negotiating power against Trump. In the Canadian example at least the deal is signed. It's not just words. > Chinese are our adversaries Increasingly the US is a European adversary. They are literally threatening to invade the territory of a European country! China isn't doing that. Very easy to dismiss it as the rantings of a madman but no-one is holding him back. People didn…

I really don't get the Greenland thing. Is there some 4D chess reason for it? The US already has military bases there and could probably have as many more as they wanted if they just asked nicely. So the whole security thing is a pretext

IMO the reason is that he is a senile old man lashing out at the world. I really don't think there's a lot to it beyond that. Everyone else goes along with it because they know the administration's entire legitimacy comes from Trump and if/when he's gone the whole house of cards will collapse. That or they have their own focuses (e.g. Stephen Miller) and are happy for Greenland to be a distraction while they get on with their own stuff.

Re: Danish pension fund divesting US Treasuries

#113
post #42

It's symbolism. But it's important symbolism. Far more notable, I think, is Macron saying this morning that Europe needs more investment from China. Canada signing a deal with China to allow their cars to be sold in the country. It's all a sliding slope until it reaches a breaking point and falls off like a cliff. EDIT: to quote the Canadian PN earlier today: “American hegemony in particular helped provide public goo…

> It's symbolism. It's not. This is where the financial rubber meets the road, actions have consequences, and the rest of the world is looking at the US as increasingly unlikely to pay above inflation on its debts. The people managing the pension funds (if they are acting in good faith) really want to generate yield, and really want to preserve capital for the Danish people. They don't want to symbolically do those t…

There's no chance US will default on its debts, all it has to do is to print more money.

Inflation may spirale, but it's going to be a US citizens problems (as well as US bond holders) in terms of inflation and budget cuts.

Re: Danish pension fund divesting US Treasuries

#114
post #83

Earlier quoted context omitted.

> That sounds like a rhetoric for better negotiating power against Trump. In the Canadian example at least the deal is signed. It's not just words. > Chinese are our adversaries Increasingly the US is a European adversary. They are literally threatening to invade the territory of a European country! China isn't doing that. Very easy to dismiss it as the rantings of a madman but no-one is holding him back. People didn…

I really don't get the Greenland thing. Is there some 4D chess reason for it? The US already has military bases there and could probably have as many more as they wanted if they just asked nicely. So the whole security thing is a pretext

No one's really put out a strong case for it like that. You could argue it's a lot of land that's underpopulated and might be valuable in twenty years with global warming or something?

But the simpler answer is that Trump seems to personally like the idea of adding a big landmass to the US for ego reasons. He talked about it last term too with the same excuses mostly.

Re: Danish pension fund divesting US Treasuries

#115

Earlier quoted context omitted.

The americans that support Trump are many more than 400. Also, them having elected Trump TWICE, why would they ever be trusted ? Also when the alternatives are people like.. Hilary Clinton ?

> when the alternatives are people like.. Hilary Clinton ? Would she have been worse than this? And the US had a better choice the second time.

Hilary Clinton could have literally entered office and done nothing, and still be better for the American people than the current admin, which is making life more difficult every week for not just Americans, but a good part of the whole world. But hey, the libs were owned, so I guess that's good or something.

Re: Danish pension fund divesting US Treasuries

#116
post #95

Earlier quoted context omitted.

That sounds like a rhetoric for better negotiating power against Trump. Chinese are our adversaries (EDIT: enemies, they actually bankroll Russian invasion and supply weapons) and I hope president of France understands that.

Chinese are Canadian adversaries mostly because of the US. The US more or less forced Canada to hold Meng Wanzhou, which caused a huge rise in diplomatic tensions and cost Canada billions. Some thanks we got for that.

Doesn't China own most of the real estate in Canada.

Did USA cause that

Re: Danish pension fund divesting US Treasuries

#117
post #3
post #2

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

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

If the US pisses enough countries off with this Greenland stuff that they shut down US bases around the world, that substantially curtails the US Navy's ability to be effective globally.

Re: Danish pension fund divesting US Treasuries

#118

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.

> endless taxation by both parties. How do you run a country without taxation? Can you point at an example?

Tariffs, obvs.

/s

Serious answer: deficit spending and let inflation act as the taxation mechanism.

Re: Danish pension fund divesting US Treasuries

#119

Earlier quoted context omitted.

It’s over 50% and there are plenty of plainly obvious parallels both historical and contemporary.

Far far below 50%. The media tricked some people into supporting Trump by perpetuating his obvious lies unchallenged, but now that people see what Trump is doing he is underwater on all issues. Most other contemporary and historical parallels of authoritarians show far higher popularity of the authoritarian. Trump is nowhere close. The biggest risk to the US is that the media is completely compromised, as are leaders…

The media tricked some people into supporting Trump

You could almost make this case in 2016, but anyone who fell for Trump in 2024 will just fall for the next con man to come along. At some point we have to take responsibility for our own choices and stop blaming the media.

The truth about Trump was out there, and it was not hard to find.

Added here due to rate-limiting:

2024 was right after voters had seen Biden at that debate, while all the "responsible" people insisted he was sharp and smart. It really was more unique than its given credit for.

Both candidates were a disgrace to the parties who propped them up. However, nothing Biden said was any worse than what Trump said about immigrants eating peoples' pet dogs and cats.

At the Biden/Trump debate, the choice was between malevolent, incoherent senility and plain old garden-variety senility, and the voters choose poorly. At the actual election, there were even fewer excuses for voting for Trump, as Biden was no longer in play.

Re: Danish pension fund divesting US Treasuries

#120
post #104
post #42

It's symbolism. But it's important symbolism. Far more notable, I think, is Macron saying this morning that Europe needs more investment from China. Canada signing a deal with China to allow their cars to be sold in the country. It's all a sliding slope until it reaches a breaking point and falls off like a cliff. EDIT: to quote the Canadian PN earlier today: “American hegemony in particular helped provide public goo…

In a "might makes right" world, Europe clearly needs more might, and then it makes sense to improve relations with China; not a lot of options.

The EU can't mend ties with China without giving up on Ukraine as China's FM Wang Yi has stated [0] on multiple occasions [1]. Additionally, in the Chinese foreign policy space, the EU is viewed as weak [2], and largely through the lense of the US-China rivalry (which is how the US views the EU as well now).

[0] - https://www.scmp.com/news/china/diplomacy/article/3316875/ch...

[1] - https://www.reuters.com/world/china/china-russia-discuss-ukr...

[2] - https://fddi.fudan.edu.cn/_t2515/57/f8/c21257a743416/page.ht...

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