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Danish pension fund divesting US Treasuries

reuters.com

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Re: Danish pension fund divesting US Treasuries

#711

Post by exabrial »

whimsicalism wrote: post #40
exabrial wrote: post #23

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.

We don’t need tax cuts, we need higher taxes and less spending on the rich&old. Our welfare system is completely backwards, if you are facing declining fertility and struggling young people - you don’t continue to tax the young to spend on the wealthier generation. Unfortunately most young people don’t realize they are being hoodwinked and so poll extremely supportive of this scheme.

> we need higher taxes

I'm against putting any more money in 1%-ers pockets. None of your tax money does anything except... make the "rich&old" more rich.

Re: Danish pension fund divesting US Treasuries

#712

Post by Barrin92 »

lenerdenator wrote: post #703
Barrin92 wrote: post #667

Earlier quoted context omitted.

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 missil…

>they'd just be sitting there with sweet Western investment cash and far less American antagonism

no they wouldn't, we know this because we here in Europe are facing American antagonism and a trade war right now and we're American allies. The Chinese on this have been vindicated, not only has the United States been waging a trade war on China, it's now waging a trade war with threats of annexation on her allies. They were right and we were naive.

I'm not claiming China is morally spotless or doesn't clash with us on countless of issues, but they act rationally, long term in their own interest, and their view of the world is being vindicated by the week at this point. If I was China I'd keep Russia and North Korea around as a buffer too if I saw what the US pulls on their friends.

Mind you Denmark is a country that lost soldiers for the US when Article 5 was invoked. The US is the only country to actually invoke it. They were so absurdly pro-American they spied on us for the US[1]. And this is what you get for it? If that's how the biggest military power and up until now guarantor of global order acts, yeah people are going to hedge their bets quickly. Russia is weirdly enough small fish in comparison.

[1]https://www.theguardian.com/world/2021/may/31/denmark-helped...

Re: Danish pension fund divesting US Treasuries

#713

Post by monero-xmr »

tomhow wrote: post #693
monero-xmr wrote: post #407

Earlier quoted context omitted.

[flagged]

We've asked you before not to break the guidelines. Political/ideological flamebait is not what HN is for and destroys what it is for. You can discuss these themes in curious ways, rather than inflammatory ways; indeed, you must, if you want your comments to avoid being killed by flags. Eventually we have to ban accounts that continually flout the guidelines. https://news.ycombinator.com/newsguidelines.html

In my circles nothing I said would be considered problematic. I’m expressing opinions that are scary

Re: Danish pension fund divesting US Treasuries

#714

Post by autoexec »

epolanski wrote: post #341
sunaurus wrote: post #254

Earlier quoted context omitted.

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.…

> Today, the US appears in parallel to be doing two things: You forgot another one: literally threatening two NATO members (Canada and Denmark, in form of Greenland) of annexation.

An attack on one NATO member is an attack on all. The US is threatening Canada, Denmark, and all of their allies.

Re: Danish pension fund divesting US Treasuries

#715

Post by tomhow »

monero-xmr wrote: post #713
tomhow wrote: post #693

Earlier quoted context omitted.

We've asked you before not to break the guidelines. Political/ideological flamebait is not what HN is for and destroys what it is for. You can discuss these themes in curious ways, rather than inflammatory ways; indeed, you must, if you want your comments to avoid being killed by flags. Eventually we have to ban accounts that continually flout the guidelines. https://news.ycombinator.com/newsguidelines.html

In my circles nothing I said would be considered problematic. I’m expressing opinions that are scary

HN is a community that exists for a specific purpose and that purpose is curious conversation. The guidelines are designed to keep activity aligned with that purpose, and HN is a place where people want to participate because enough people make the effort to follow the guidelines and raise the standards rather than drag them down.

What is acceptable in your circles is not relevant here. What matters here is preserving HN as a good place for curious conversations.

Re: Danish pension fund divesting US Treasuries

#716

Post by akst »

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

Ah no... this is people's money, and they likely came to conclusion the US bonds are inconsistent with the funds goals and risk appetite. Within the first few paragraphs of the article you see this:

> 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

If you're dealing with peoples pensions, even if there are higher growth portion of the funds allocation, you've got to make sure there are portions of the fund that's stable enough to be regularly liquidated to send out regular payments.

Given the whole hoo-ha with trump trying appoint their own guy into the federal reserve, it isn't that surprising the fund managers have decided to decrease their allocation.

Re: Danish pension fund divesting US Treasuries

#717

Post by catlover76 »

epistasis wrote: post #415
azinman2 wrote: post #135

Earlier 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.

This is precisely it. People in the US have been living with the insanity of Trump for so long that they have become numb to it, and don't realize just how crazy and out of bounds every day is now. We continue on, because we have to, but it's hard to reevaluate everything every single day because it's so crazy. Europe and the rest of the world are making completely rational decisions in response to the utter self-des…

[dead]

Re: Danish pension fund divesting US Treasuries

#718

Post by monero-xmr »

tomhow wrote: post #715
monero-xmr wrote: post #713

Earlier quoted context omitted.

In my circles nothing I said would be considered problematic. I’m expressing opinions that are scary

HN is a community that exists for a specific purpose and that purpose is curious conversation. The guidelines are designed to keep activity aligned with that purpose, and HN is a place where people want to participate because enough people make the effort to follow the guidelines and raise the standards rather than drag them down. What is acceptable in your circles is not relevant here. What matters here is preservin…

Duly noted that telling the truth as I see it is too scary for HN. Ban me don’t care, who gives a fuck

Re: Danish pension fund divesting US Treasuries

#719

Post by lurk2 »

jonkoops wrote: post #210
rjzzleep wrote: post #184

Earlier quoted context omitted.

The EU threw all its baskets into a war it didn't need to fight, destroyed its energy independence, it's weapons, it's airdefense and huge parts of its air force. I don't think they have a lot of cards to play. There an interesting analysis on whether the EUs threats on financial markets actually bear any meaning here: https://x.com/Kathleen_Tyson_/status/2013314168250675456 Edit: March 2022 peace deal that Boris Joh…

It is a war we must fight now, and must continue to fight. It is a war against oppression, against autocrats squishing their population for servitude. If nobody steps up to protect Democratic values, and the freedom of the people for self-governance, it is a slippery slope to hell.

> If nobody steps up to protect Democratic values, and the freedom of the people for self-governance, it is a slippery slope to hell. reply

Ukraine hasn’t had an election in 7 years.

Re: Danish pension fund divesting US Treasuries

#720

Post by theranfear »

StephenHerlihyy wrote: post #442
g_delgado14 wrote: post #152

Earlier quoted context omitted.

> A new civil war that drives the US to fragment into several independent regions over the course of the next ~five years would kind of be the best scenario from a global perspective. The US isn't going to passively give up its hold on the world order. You don't think this would trigger a world war? And if / when the US does topple (whether in 10 years or in 1000 years), at the moment it looks like the only viable ne…

The opposition to American hegemony shifted from Europe (ie the USSR) to Asia (ie China). To that end, NATO lacks the capacity to meaningfully impact a conflict in the Pacific. The EU simply does not have the means to project power in that way nor do they have the ability to meaningfully implement economic policies that would effectively reduce Chinese growth. Trump is an asshole, but the strategy hasn’t really chang…

I agree there are strong undercurrents but how can we give Trump 2 any credit when we're annihilating brand America. Hearing Trump speak to Macron about the nobel prize and now he's tweeting out "I no longer feel an obligation to think purely of Peace." We aren't a reliable partner and with the structural issues and real politik anything we try to do now in the pacific will cost substantially more. Alls we needed to do was deepen the partnerships we had and look like a mean bulldog against China.
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