This really should be EU-wide or even globally. We can not afford the TechBros anymore - they act not only like evil but also as parasites.
Danish pension fund divesting US Treasuries
311–320 of 857 posts
Re: Danish pension fund divesting US Treasuries
#312Earlier quoted context omitted.
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.
>all it has to do is to print more money. Isn't that considered a "technical" default since you basically burned every debt holder by inflating your way out of debt? Almost like a TKO vs KO in boxing?
It is and for that reason it does not work.
Re: Danish pension fund divesting US Treasuries
#313I keep repeating myself: Back up your iCloud pictures via privacy.apple.com and move your mails away from M365. Worst case these things get blocked/deleted.
I moved my mails from M365 to a 2€ Hetzner cloud server in one day, it's quite easy with docker-compose apps like mailcow. Plus you have encryption and less errors when using thunderbird.
Re: Danish pension fund divesting US Treasuries
#314Earlier quoted context omitted.
> There's no chance US will default on its debts Until Trump says he's going to, then his boosters will declare its a genius maneuver and actually its Joe Biden's fault (Joe made him do it!)
Do you the think the EU and its individual country members from 1949 to present carried their fair share of the NATO spending ($55 to $60T), or troops and equipment deployments, or did they "default" on their side of the treaty? The US has paid 65 to 70% of the total of $1.4 to 1.5T/year from 2018 to 2025. That's 9.8T in 8 years (2018 included). Our soldiers, not theirs, carried the weight. If you go per capita, The…
> did they "default" on their side of the treaty?
I'm pretty sure they all answered the call when the US invoked Article 5 after the 9/11 attacks, no?
> The US has paid 65 to 70% of the total of $1.4 to 1.5T/year from 2018 to 2025.
Are you suggesting that the US has paid over $1 trillion into NATO each year? That would be difficult because the US military budget has never crossed $1 trillion. The DoD budget is going to be $900.6 billion in FY2026. [0]
[0] https://www.meritalk.com/articles/senate-passes-fy26-defense...
Re: Danish pension fund divesting US Treasuries
#315It'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 not pure symbolism. The most effective way to reduce the global threat the US is appearing to pose more as of late, is to hit the dollar. The US economy is in a very precarious state, tensions along political ideology lines are high, and it would not take much more than a worsening of economic conditions plus a catalyst event to kick off armed unrest within the country. A new civil war that drives the US to frag…
No, it's pure symbolism. Countries don't purchase US treasuries to be charitable to the US. This hurts Denmark just as much as it hurts the US. And in relative terms, Denmark is going to feel the pain from this way more than the US since the US economy is 70x bigger than Denmark's.
Re: Danish pension fund divesting US Treasuries
#316Earlier quoted context omitted.
You’re assuming the people in charge are sane, rationale, and value past decisions that have worked out. It’s quite clear with the now likely permanent damage to NATO this isn’t the case.
You're assuming NATO is somehow critical for the US. It is not. NATO is critical for the European powers (those not named Russia). The US doesn't require it. The US doesn't need to defend Europe any longer. And it's clear the Europeans don't want the US there, so it works out great. Europe can boost its defense spending by ~$300 billion to make up the difference, or not, whatever they choose to do is up to them. The…
> You're assuming NATO is somehow critical for the US. It is not. NATO is critical for the European powers
only 1 country invoked article 5 until today and it's not in Europe)
Re: Danish pension fund divesting US Treasuries
#317Earlier quoted context omitted.
It's not pure symbolism. The most effective way to reduce the global threat the US is appearing to pose more as of late, is to hit the dollar. The US economy is in a very precarious state, tensions along political ideology lines are high, and it would not take much more than a worsening of economic conditions plus a catalyst event to kick off armed unrest within the country. A new civil war that drives the US to frag…
> The US economy is in a very precarious state, tensions along political ideology lines are high, and it would not take much more than a worsening of economic conditions plus a catalyst event to kick off armed unrest within the country. Do you remember the situation that precipitated the Nazi takeover of Germany? Wasn't it hyperinflation and economic collapse? And you think it would be a good idea to push the US furt…
History doesn't repeat, but it rhymes, something like that? I think we are indeed watching the fascist takeover, and economic collapse is under way -- it's just when you watch a giant fall, they seem to fall oh ever so slowly, the scale distorts the speed until it's right there, then it's "suddenly" a cliff drop.
I agree with you, one dimension of the cultural split is urban / rural. The other dimension is actual culture as based on history -- deep south, southwest, cascadia, breadbasket, eastern seaboard -- these areas have different enough cultural heritage you could see them as separate regions if you squint hard enough. But the key deciding factor are the centers of military power -- where the major air, navy, and nuclear bases are. Overlay that over the cultural map, and you get the Independent Regions. The urban centers would define the voronoi centers of the subregions, with rural areas becoming more of no-mans-land, roving-bands boundary scenarios.
I mean yes it all sounds fantastical, but most unprecedented things do until they come to pass. There's so many patterns and echoes that gently indicate that this unfortunately may indeed be the way.
Re: Danish pension fund divesting US Treasuries
#318It'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…
[flagged]
You clearly DON’T “get it”.. obviously Trump is different than Hitler, but to say he’s nothing remotely close is some serious handwaving.
ICE is acting a LOT like the Gestapo.
Trump is telling obvious lies and his supporters simply parrot it as fact. That was a big part of Hitlers power, the propaganda machine that made it acceptable for otherwise intelligent people to pretend to believe the obvious lies.
Trump is aggressively threatening to expand the empire, under similar dubious security reasons.
How much does history need to rhyme before you actually notice?
Re: Danish pension fund divesting US Treasuries
#319Earlier quoted context omitted.
You're assuming NATO is somehow critical for the US. It is not. NATO is critical for the European powers (those not named Russia). The US doesn't require it. The US doesn't need to defend Europe any longer. And it's clear the Europeans don't want the US there, so it works out great. Europe can boost its defense spending by ~$300 billion to make up the difference, or not, whatever they choose to do is up to them. The…
The US does not benefit from a stronger, more unified Europe. Thanks to NATO, "the west" has effectively become an empire in all but name, with the US having enough influence to be the de facto leaders of this empire. If US pulls back from NATO, and Europe builds up military power to compensate, then the US loses this de facto leadership seat of an empire. Today, the US appears in parallel to be doing two things: 1.…
it's true that if the bet of creating fragmentation in the EU works out, then the destruction of NATO might also work out, because the US would not have created another military power with a hostile attitude to balance them.
If that bet is actually being made by Putin, hmm, I'm worried, but then again the implementation of the anti-NATO project is being run by Trump, so I think the EU just might come out on top. The whole Greenland thing for example, seems like an EU solidifying step, at the same time as it is NATO destroying.
Re: Danish pension fund divesting US Treasuries
#320Earlier quoted context omitted.
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.
>problems..as well as US Bond holders right, why would you want to hold US treasury bonds especially if the value of the US dollar is being destroyed? Even if I believed that the US wouldn't default on its debts, or come up with flimsy arguments why it shouldn't have to pay all of them https://www.reuters.com/markets/us/trump-says-us-might-have-... it just doesn't seem like a super-smart investment at the moment.
If you sell the bonds, you'll end up with a lot of USD. If you try to sell that... You run into liquidity issues. Would probably cause a spike in gold prices as a default non-USD position. Oh, wait...