Live data from Hacker News

Danish pension fund divesting US Treasuries

reuters.com

701–710 of 857 posts

Re: Danish pension fund divesting US Treasuries

#701

Earlier quoted context omitted.

> Russia can't even take few miles off Ukraine And yet Europe is unable to support Ukraine enough to change the course of war. Which is the direct cause of the current situation. If Europe was so strong and ready, war in Ukraine would be over, Russia was defeated, and US wouldn't even think of doing what it is doing. Everything else is copium.

>> Europe is unable to support Ukraine enough to change the course of war. It's not unable. There is little political will in Europe and USA to support Ukraine with arms to the victory. They support Ukraine just enough to not loose. It's in their interest to grind russian meat and tanks in Ukraine as long as possible.

The US lacks political will to support Ukraine (mostly) because it's a conflict ten thousand miles away. Europe should have a much more immediate interest in Ukraine not losing.

Re: Danish pension fund divesting US Treasuries

#702
post #694

Earlier quoted context omitted.

One of the strongest reasons to hold onto the dollar is the stability and finances of the U.S. government. But in the last month, the U.S. President has pushed for a criminal investigation of the Fed chair because he isn’t doing what the U.S. President is asking, has threatened to start a war of conquest against a NATO ally, has simultaneously said increased taxes on imports will reduce the deficit but also that he w…

Well if the Fed Chair did commit a crime, it’s probably better that be investigated and resolved. I wouldn’t put my money in a country where the monetary authorities commit crimes with impunity. I’m not sure what your other points have to do with the monetary authority.

Maybe you should look into the context. The investigation is supposedly over lying to Congress about the true cost of the renovation of the federal reserve HQ. Despite being a topic week within the current president's wheelhouse, this is incredibly flimsy even if true. It sure looks like a politically motivated attack because the Fed chair won't let Trump dictate monetary policy - thank God!

Re: Danish pension fund divesting US Treasuries

#703

Earlier quoted context omitted.

> But what they don't want is annex European territory. They've more-or-less directly supported Russia's ambitions in Ukraine. If they don't want to annex your territory but are willing to support someone who does in the bloodiest war on the continent since the end of WWII, is there really a difference? They know they aren't in a place to project power over Europe, but they have a partner that absolutely is. I'd keep…

Wang Yi, when he was in Brussels earlier last year was pretty blunt and said that if China wanted Russia to win the war would be over and given the scale of China's defense and industrial sector that's probably true. They don't actually recognize Russia's territorial gains. From their perspective, this is the middle position. They simply can't afford Russia to lose, they're dealing with their own US problem. And mind…

> Wang Yi, when he was in Brussels earlier last year was pretty blunt and said that if China wanted Russia to win the war would be over and given the scale of China's defense and industrial sector that's probably true. They don't actually recognize Russia's territorial gains. From their perspective, this is the middle position.

I'm sure that's of incredible comfort to the citizens of Ukrainian cities that have missiles raining down upon them; missiles that contain electronics that were made by China as a direct result of Western embargoes. It's the middle position, helping a belligerent tyrant slaughter civilians, in a quest to be tzar in everything but name.

> They simply can't afford Russia to lose, they're dealing with their own US problem.

Of course they can. Same with North Korea. If they'd sworn off those two nations a decade - or more - ago, they'd just be sitting there with sweet Western investment cash and far less American antagonism. But they need those two nations to cause problems, to break rules, and to generally paint the world order as a farce. Otherwise, what vacuum are they to fill? They'd just be a bigger Japan: existing in an America-centric world order, comfortable, downsizing, and utterly without incident. That's not going to give the CCP the external threats it needs to justify its totalitarianism.

> that Russia isn't an existential military threat.

> Kissinger wrote a book in 1994 Diplomacy where he pointed out that the biggest threat to European independence is over-reliance on the US

Ah, that old ghoul. The very embodiment of interests over values. Hopefully a Cambodian child is dropping bombs on Kissinger's village somewhere.

Regardless, his assessment is flawed. The US begged, for decades, other NATO members to take defense seriously after the creation of the peace dividend at the end of the Cold War. With the exception of former Warsaw Pact countries that wanted to make damned sure the Russians stayed out, that seemed to fall on deaf ears until relatively recently. During the pustule's time in office, there has been discussion of moving the strategic focus from Germany, which was not particularly warmly received in the area around Ramstein. [0]

As for whether or not the Russians are an existential threat, well, for now, no. Despite Trump's best efforts, at least as of this writing, Article 5 still exists and any sort of mass movement towards NATO territory by Russia would likely quickly decay into a thermonuclear war that would involve the entirety of the American and Russian strategic arsenals. Life on this planet as we know it would be over. Get rid of that - and the pustule seems like he wants to - and there would be no effective counter against Russian WMD forces, because they would have an advantage over France and the UK in such a conflict. The likelihood of Russia becoming an existential threat increases if NATO's current configuration breaks apart.

Any time someone has thermonuclear warheads pointed at your cities, they're an existential threat. I'll leave it to you to guess whether the US or Russia has more targets in central and western Europe.

[0] https://fortune.com/europe/2025/03/05/ramstein-germany-us-ai...

Re: Danish pension fund divesting US Treasuries

#704
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…

[flagged]

From my point of view in Europe, the trail that Trump is following by persecuting opponents, disregarding and abusing law, deploying a pretorian guard and defending territorial expansionism is in the history books, and is a template followed by Hitler, but by no means only by Hitler. China has no track record of being an expansionist bully that threatens everybody except other bullies, like the USA is doing right now. I never thought of seeing a comic book type dystopia unrolling before my eyes, but that's what I'm seeing and I'm worried because I have children.

Re: Danish pension fund divesting US Treasuries

#705

Earlier quoted context omitted.

> I’m curious specifically about the people envisioning (with barely disguised glee) the US erupting into a civil war within 5 years, as they seem somewhat to have lost touch with reality. The MN governor has called up their National Guard to help local law enforcement. The Pentagon is readying troops as well, presumably to help federal officials (ICE). If both sides think they are following lawful orders, and neithe…

Federal supremacy will win, the MN governor will not tell local LE directly to prevent federal agents enforcing federal law. I understand that law is not popular among many right now, but that is how it will play out. There will not be civil war unless the military truly comes to assist in a Trump attempt to take power in 2028, which I think is very unlikely.

> prevent federal agents enforcing federal law

Why is it that every normalizing "this is fine" commenter invariably drops into the same nonsense about "enforcing federal law" after a few short comments? The problem in Minnesota isn't that [some] federal laws are being enforced. Rather it's that federal law enforcement "officers" are abusing their immunity to work as lawless terror squads, abducting citizens and attacking protestors, backed up by a demented chief executive who has no respect for our American ideals of individual liberty or limited government.

Re: Danish pension fund divesting US Treasuries

#706

Earlier quoted context omitted.

That furthers the imbalance to the detriment of the US and in favor of the holders of whichever currency replaces USD. Dedollarization means that the US market is far poorer and can't import as much as before, yet the new reserve currency(ies) make holders that much richer, enabling greater demand for either imports or self-consumption. It will be an adjustment, but there will be many winners, none of which are the U…

> If, for example, China decides that it finally wants a consumer economy This is a fantasy that the CCP leadership will not entertain, because it would mean losing their control as the (export/industrial) king. Their national security descends from having that crown firmly in their hands & making everyone else reliant on their industries, and will do as much as they can to make sure it stays that way. A strong curre…

The CCP aspires to climb the value chain up to where the US is, which means shifting away from manufacturing to the high profit margin tech, biotech, and other science related industries.

The manufacturing stage is just a stepping stone to getting to where the US already is.

The end goal of the CCP is not to be a middling power, with middling wealth. It's to be the greatest power. That some in the US want to go down the value chain and take China's manufacturing spot just as China zooms ahead of the US, is, well... It would be comical if it weren't so sad.

Re: Danish pension fund divesting US Treasuries

#707

Earlier 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…

Just a reminder that NATO troops have always been rallied by Washington and on top of that the US is the only country to have ever invoked article 5. The European allies have put their money and more importantly blood into these conflicts. Yes, we can all look at a geographical map and state that the USA is blessed geographically by being split by two oceans from anything major in the world and thus conclude that the…

> US is the only country to have ever invoked article 5.

> https://en.wikipedia.org/wiki/North_Atlantic_Treaty

> Following the September 11 attacks, the Secretary General of NATO, George Robertson telephoned Colin Powell and said that declaring an Article 5 contingency would be a useful political statement for NATO to make. The United States indicated it had no interest in making such a request itself; however, it would not object to the council taking such action on its own.[55][56]

Re: Danish pension fund divesting US Treasuries

#708
post #535

Earlier quoted context omitted.

I love how racism gets snuck into everything these days. No, homogeneity doesn't cause happiness.[1] And the US was always less homogenous than other "western" countries. 1. https://en.wikipedia.org/wiki/Health_in_Japan#Suicide_proble...

> No, homogeneity doesn't cause happiness. Funny though how all those European countries everyone on HN and Reddit point to as "how things should be" are all pretty ethnically and culturally homogenous, though that's changing rapidly. Interestingly, cracks are starting to appear. > And the US was always less homogenous than other "western" countries. The US was 85-90% white in 1965. That's pretty homogenous.

You're confirming what I said earlier. There are both happy and unhappy "homogenous" countries. There's literally no correlation.

Instead of stopping there you're regurgitating, and it's unfortunate I'm confirming Poe's law, Mein Kampf.

> The US was 85-90% white in 1965. That's pretty homogenous.

I think you know nothing about culture, ethnicity, or the history of bigotry, xenophobia, and racism in the US if you can confidently make that statement. You're reducing all the diverse peoples that made up the nation into a single group based on their skin color.

Re: Danish pension fund divesting US Treasuries

#709

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…

> debts This is shoehorning. We’re threatening to go to war with Denmark. You don’t want to be owed money by folks who are attacking you.

> We’re threatening to go to war with Denmark.

We're threatening to go to war with Denmark and all of their allies.

Re: Danish pension fund divesting US Treasuries

#710
post #535

Earlier quoted context omitted.

> No, homogeneity doesn't cause happiness. Funny though how all those European countries everyone on HN and Reddit point to as "how things should be" are all pretty ethnically and culturally homogenous, though that's changing rapidly. Interestingly, cracks are starting to appear. > And the US was always less homogenous than other "western" countries. The US was 85-90% white in 1965. That's pretty homogenous.

What is considered "white" now certainly wasn't in the past. It took a long time before Italians were considered to be part of the in-group. Irish and Italian people were considered an inferior race and suffered extreme racial prejudice when lots of immigrants came from those nations. And that evolution itself tells the story of the US itself. The people in non-homogenous neighborhoods are happy and harmonious, but o…

That barely scratches the surface of the bigotry that existed. Protestant or Catholic, Jewish or Gentile/Christian, Eastern European or Western European, Anglo or non-Anglo, Anglo + German or non, Southern European or Northern European - these are all lines people use to discriminate upon that I can think of just off the top of my head. That's without even getting into skin color.
Post reply on HN