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Danish pension fund divesting US Treasuries

reuters.com

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Re: Danish pension fund divesting US Treasuries

#751

Post by kevin061 »

4gotunameagain wrote: post #734
davesque wrote: post #691

Earlier quoted context omitted.

Can people quit with this stupid argument? A thin majority of Americans voted for this during the election. If you follow the polls, the vast majority of American currently don't want this. Just stop with this "dumb Americans" dur dur nonsense. Those of us who have our heads screwed on straight are so sick of being blamed for this. The same thing could happen at any time in any country.

This is not true. First of all, this is the SECOND time this clown is elected. Secondly, 77,302,580 americans voted for trump. That is one in three. I am sorry you get blamed for this, I know you are not to blame. But you have to see how it looks from the outside, given the incredible effects it has had (most importantly, making millions lose faith in the world. And who knows what more to come.)

To add to this, the thing that really worries me is not that Trump is doing this, but the fact every single US has had the capacity to do this (Trump is proof of it), and the only thing holding back the US from self-immolation and destroying all their partnerships was decorum and being nice, but there were no actual mechanisms, laws, or tools to prevent POTUS from self-appointing himself as King of America, which is extremely worrying for what many people regarded as an advanced democracy.

Re: Danish pension fund divesting US Treasuries

#752

Post by jacobgorm »

Eupolemos wrote: post #741
JumpCrisscross wrote: post #672

Earlier quoted context omitted.

> 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.

A counter argument is that this is just a small pension company. If all Danish Pension Funds etc. decide that we better divest because of imminent war, we are talking way, way more money. I have no idea how much, but Danish pensions are big. This may indeed be a warning shot.

PFA, the largest private Danish pension fund already started reducing exposure to USD and UST last year https://www.pfa.dk/news-archive/2026/01/19/10/21/pfa-anbefal...

Re: Danish pension fund divesting US Treasuries

#753

Post by watwut »

whimsicalism wrote: post #373
archagon wrote: post #365

Earlier quoted context omitted.

Nobody wants to see dead Americans. Put away your grievance politics.

We're responding to someone describing a civil war as a best case scenario. I have no grievance politics.

The problem is that alternative seems to be America starting WWIII or America violently occupying Europe. That means even more death.

Re: Danish pension fund divesting US Treasuries

#754

Post by wolvesechoes »

distances wrote: post #731
SR2Z wrote: post #701

Earlier quoted context omitted.

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.

Sadly, Europe isn't one entity and the interest wanes the further the countries are. Anyone neighboring Russia is, predictably, helping a lot while also arming themselves. Central Europe somewhat less, and the Mediterranean countries seem to concern themselves mostly with other topics. Seems like the threat should become more substantial before the whole continent awakens.

> Europe isn't one entity and the interest wanes the further the countries are.

I keep trying to make people here aware of that, but euro-enthusiasm is very good at hiding ugly and complex reality of European politics. And it is not even limited to Ukraine, but it shows itself with Greenland as well. If you really take a closer look, you'll see that different countries indeed made different reactions, even if they sent symbolic amounts of troops to Greenland.

And, above else, people tend to mistake words for action, and believe that a post made by some European leader on Twitter is somehow enough to bring things into reality.

> Seems like the threat should become more substantial before the whole continent awakens.

But Russia is not and won't be strong enough to pose a significant threat to German or French core territory, not to speak about Spain or Ireland. Moreover, as much as we in Europe like to equate Putin with some evil madman, for it makes the world simpler for us, Russian elite is rational, and invasion of Germany is nothing but stupid from their perspective. Of course there are broader interests that may motivate countries to act against Russia (for example French influence in Africa or Asia) but, at the same time, these interests may motivate them to throw Eastern Europe under the bus.

Therefore if anybody believes in some united European action, or a single European army that would actually be worth anything and won't be yet another initiative created mainly to come up with a nice catch-phrase (Steadfast Europe!), lives inside a fantasy.

Re: Danish pension fund divesting US Treasuries

#755

Post by jacquesm »

OrvalWintermute wrote: post #614
jacquesm wrote: post #296

Earlier quoted context omitted.

You are spending too much time in an echo chamber if you think that those things that are unheard of in the US could not have been done in the US. They could have been, but it would have required a different kind of path than you chose. The EU has chosen to try to cooperate rather than to be at war all the time and it looks like that may have been a wrong bet but that is mostly because first one (Russia) and now anot…

They could have been done is my contention. But not while carrying Euros’ defense obligations

Sorry, but that's just dumb. You could have done all that and more. You're being used to defend massive wealth inequality and wealth concentration over the backs of the poorest 95% or so of the country. The two have nothing whatsoever to do with each other. The USA is not 'unable to have a more decent balance of life because they are carrying Europe's defense obligation'.

Re: Danish pension fund divesting US Treasuries

#756

Post by traceroute66 »

itake wrote: post #690
traceroute66 wrote: post #59

Earlier quoted context omitted.

The USD has already been in decline as a reserve currency. The only thing that is happening is the decline is accelerating. It is not necessarily a question of "takes its place", but more about being more serious about diversification. Or to paraphrase the old IBM saying "nobody got fired for buying USD" is no longer the case. In terms of options you have JPY, EUR and CNY as the big-three and maybe tag AUD on top.

Why AUD and not SGD? I guess AUD has higher GDP (but much lower GDP per capita and worse forex rate to the us dollar)

> Why AUD and not SGD?

Fair question. And in some circles people would substitute AUD for CHF, and SGD is essentially in the same position as CHF (small, stable, well-connected country).

But AUD mostly because Australia is commodity-rich and so AUD has a naturally high exposure to international trade especially in Asia-Pacific region. Its a bit like CAD but the problem with CAD is its neighbour. ;)

Re: Danish pension fund divesting US Treasuries

#757

Post by wolvesechoes »

ulrashida wrote: post #633
wolvesechoes wrote: post #536

Earlier quoted context omitted.

[flagged]

None of this is necessary.

> None of this is necessary.

And this is why poor and ravaged Ukraine is the only country in Europe that is capable of bringing any real harm to Russians. They have learned how to be violent, for they had to. Rest of Europe didn't. And no, sending some special forces to kill few people in Iraq or Libia is not enough.

Re: Danish pension fund divesting US Treasuries

#758

Post by DrScientist »

SR2Z wrote: post #377
epolanski wrote: post #331

Earlier quoted context omitted.

> Europeans now expect America to fight Russia for them, not with them. As an European: nobody has this expectation, unless you're using some strange subreddit comment as a source of information.

Compare the strength of the militaries of Europe with the United States and you'll see how that claim is believable. That's changing, but for many years European nations did not spend very much on their militaries. A large part of why is the protection of NATO and US bases in various countries.

> Compare the strength of the militaries of Europe with the United States and you'll see how that claim is believable.

That's the wrong comparison - the comparison in this context is the size of the European military versus Russia.

Is it just me that finds it odd that the same people say that both Russian is an imminent threat to Europe - where its tanks could roll over the continent - and at the same time say just one more push to win in Ukraine?

If Russia attacked a united Europe it would lose - the slow defeat in Ukraine is purely a matter of will, not capability. ie it matters more to Russia than Europe.

Note most Europeans don't see the war in Ukraine as an attack on Europe by the Russians - despite what the hawks would like to paint - that's why the hawks can't bounce Europeans to put significant boots on the ground in Ukraine.

Re: Danish pension fund divesting US Treasuries

#759

Post by Braxton1980 »

bluGill wrote: post #626
epistasis wrote: post #468

Earlier quoted context omitted.

That's definitely going on. There's also something that I've heard called "reactionary centrism:" a feedback loop of people who think that truth lies in the middle between the two extremes, and also that assumes that no mainstream position in a political faction can itself be the "extreme." And that if they find that one political faction is doing something that seems extreme to them, that in the interests of fairnes…

Right vs left makes the assumption there are two sides / options. I have long thought that the 'left' was too extreem socialist - that doesn't mean I think current 'right' is any better.

There are more options for your own opinions but those don't matter.

In a representative democracy it doesn't matter what you believe only what the person you vote for believes.

Re: Danish pension fund divesting US Treasuries

#760

Post by Braxton1980 »

pessimizer wrote: post #527
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.

> You’re assuming the people in charge are sane, rationale, and value past decisions that have worked out. No, it's an assumption that the people discussing the subject are sane and rational. It's one thing to argue that the US devaluing its wildly overvalued dollar is an effective default. Nobody would disagree with that, that's why we did it - to give us the continual option for rugpulls. But it's simply delusional…

What's a European Elite?
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