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Danish pension fund divesting US Treasuries

reuters.com

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Re: Danish pension fund divesting US Treasuries

#571

Post by mym1990 »

overfeed wrote: post #510
mym1990 wrote: post #145

Earlier quoted context omitted.

Its baffling that you think the collapse of the USD would have no negative ramifications on the rest of the world...

> Its baffling that you think the collapse of the USD would have no negative ramifications on the rest of the world. Empires rise and fall, pax Americana was not the world's first hegemony. The end of the British Empire is within living memory - while they sowed seeds of instability in a handful of former colonies that still flare up today, the rest of the world is fine. Britain, on the other hand, has had to enter a…

If you think the US is going to decline slowly, fade into history and not try to go out with a bang, I guess that is certainly one world view!

Re: Danish pension fund divesting US Treasuries

#572

Post by vharuck »

tokai wrote: post #428
sorokod wrote: post #285

Earlier quoted context omitted.

There is no chance US will need to take Greenland by force ( financial or military) , all it has to do is to increase the number of troops already stationed there by agreement. Yet here we are.

>all it has to do is to increase the number of troops Demonstrably wrong as Trump announced tariffs on the countries sending troops to Greenland.

I think the above poster was trying to say, "there is no reason" for the US to claim Greenland. We have a treaty that allows us to build our military bases on the territory. If we want to do security stuff there, we already can.

Re: Danish pension fund divesting US Treasuries

#573

Post by csense »

alphazard wrote: post #94
afavour wrote: 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…

> really want to generate yield

Treasuries are not the best way to do this. Almost any investment is better than yeeting a substantial portion of your net worth into Treasuries or a savings account.

> really want to preserve capital

Fiat currency, or bonds that promise payouts in fiat currency, are excellent for short-term capital preservation and terrible for long-term capital preservation, as every government that uses fiat currency has succumbed to the temptation to print more of it whenever it seems expedient.

Gold or Bitcoins are far better for preservation of capital.

Re: Danish pension fund divesting US Treasuries

#574

Post by actionfromafar »

csense wrote: post #573
alphazard wrote: post #94

Earlier quoted context omitted.

> 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…

> really want to generate yield Treasuries are not the best way to do this. Almost any investment is better than yeeting a substantial portion of your net worth into Treasuries or a savings account. > really want to preserve capital Fiat currency, or bonds that promise payouts in fiat currency, are excellent for short-term capital preservation and terrible for long-term capital preservation, as every government that…

Burma Shave moment on the last line.

Re: Danish pension fund divesting US Treasuries

#575

Post by Teever »

whimsicalism wrote: post #262
jacquesm wrote: post #245

Earlier quoted context omitted.

Not with the Europeans that I know, they are all absolutely aghast at every single murder. It is one of the reasons EU countries are reluctant about participating in any war, they always hope to avoid it (and as a result sometimes get much larger ones...).

Hard for me to see anyone who says an American civil war is a best case scenario as not cheering for American deaths and I'm skeptical that this was written by an American as it sounds far too out of touch and 'wishcasty' as someone else said.

America has threatened to invade allies.

From the perspective of these allies it is better that American descends into a small civil war and sorts this shit out now rather than it keep simmering and escalting into a global conflict where more people including more Americans die.

Re: Danish pension fund divesting US Treasuries

#576

Post by Jtsummers »

rayiner wrote: post #567
TimorousBestie wrote: post #557

Earlier quoted context omitted.

> Why do you always respond to substantive posts with feelings and personal attacks? You get the audience that responds to you, mate. If what you want is reasoned debate, you need to apply positive feedback when people come to you with reasoned debate. You’re negatively conditioning the “reasoned debate” population with every ideological screed. Then there’s the willingness to violate social norms (e.g., zero respect…

Wait—when did I “disrespect” Danish soldiers? I love Danish people. I literally use them as an example of a local optimum in civilizational development. But that doesn’t change the fact that “US + Denmark against China” is basically the same war as “US against China.” In my post I literally spelled out why Denmark is militarily insignificant: it’s got a population the size of Maryland. Obviously this wasn’t a comment…

> I love Danish people.

You love the Danish people, but you're ok with the US threatening war against them and removing itself from NATO over a piece of land that we don't need?

There is no rationality in your position. Loving people shouldn't lead to attacking them, that's the abuser's mindset, and in that there is no real love.

Re: Danish pension fund divesting US Treasuries

#577

Post by epistasis »

jimnotgym wrote: post #375
mythical_39 wrote: post #86

Earlier quoted context omitted.

"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. "Thus, it is not directly related to the ongoing rift between the U.S. and Europe, but of course that didn't make it more difficult to take the decision," he added. q…

Another case of, 'well they would say that, wouldn't they'

Indeed. There was a progressive slate elected to the board of this pension fund a decade ago, to facilitate oil divestment:

https://bsky.app/profile/runestahl.bsky.social/post/3mcuyopn...

Doing a small amount of CYA as a fiduciary, while causing bond rates to rise, is merely prudent.

Re: Danish pension fund divesting US Treasuries

#578

Post by TimorousBestie »

rayiner wrote: post #567
TimorousBestie wrote: post #557

Earlier quoted context omitted.

> Why do you always respond to substantive posts with feelings and personal attacks? You get the audience that responds to you, mate. If what you want is reasoned debate, you need to apply positive feedback when people come to you with reasoned debate. You’re negatively conditioning the “reasoned debate” population with every ideological screed. Then there’s the willingness to violate social norms (e.g., zero respect…

Wait—when did I “disrespect” Danish soldiers? I love Danish people. I literally use them as an example of a local optimum in civilizational development. But that doesn’t change the fact that “US + Denmark against China” is basically the same war as “US against China.” In my post I literally spelled out why Denmark is militarily insignificant: it’s got a population the size of Maryland. Obviously this wasn’t a comment…

> Wait—when did I “disrespect” Danish soldiers?

I feel like I’ve seen commenters called out here for misquoting their interlocutors before, so perhaps it’s worth noting here. (I said “zero respect” earlier, but his emotional appeal works better if I had said “disrespect.”)

Re: Danish pension fund divesting US Treasuries

#579

Post by rayiner »

munksbeer wrote: post #562
rayiner wrote: post #546

Earlier quoted context omitted.

[flagged]

I don't understand this response. Surely you are aware that Denmark doesn't come as a little isolated package? Your country, the US, gets a group deal. Your allies in Europe have sent soldiers to die for you very recently. Including, little Denmark. On the back of pax Americana, supported by your allies, you have continued to live as the most prosperous nation the world has ever seen. That system did not arise out of…

> I've seen you hand wave this away (because of course you would) suggesting the US was rich already.

How is it "hand waving?" Whether or not the U.S. has gained "long-term economic advantages" from its leadership of NATO is a key factual question. It's the central premise of your paragraph about "pax Americana." You can't simply assume that fact is true.

The relative gaps in GDP per capita between the U.S., Denmark and the Netherlands, and France and Italy, were basically the same in 2005 as in 1825: https://www.reddit.com/r/dataisbeautiful/comments/bdvazr/top.... France and Italy have had a rough couple of decades since the financial crisis. But in 2025, Denmark and the Netherlands basically 15-20% behind the U.S., which is exactly where they were in 1825.

So what's your response? If your theory is that the U.S. has enjoyed outsized gains from the U.S.-led economic order, why is it the case that the U.S. is in the same position relative to Western Europe as it was 200 years ago?

Re: Danish pension fund divesting US Treasuries

#580

Post by inglor_cz »

vharuck wrote: post #572
tokai wrote: post #428

Earlier quoted context omitted.

>all it has to do is to increase the number of troops Demonstrably wrong as Trump announced tariffs on the countries sending troops to Greenland.

I think the above poster was trying to say, "there is no reason " for the US to claim Greenland. We have a treaty that allows us to build our military bases on the territory. If we want to do security stuff there, we already can.

The reason is that Trump wants to recolor the map and make the US bigger that it is, and be known as the one who did it. Nothing deeper than that.

Ironically, that will make some projects harder, especially if US laws such as NEPA start being applied on the Greenland territory. Hello environmental lawsuits from all sides.

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