Danish pension fund to sell $100 million in Treasurys, citing 'poor' U.S. government finances
www.cnbc.com
AkademikerPension's move comes amid increasing tensions between Denmark and the U.S. over Greenland.

This seems like the first step of what will eventually lead to hyper inflation.

  • hector@lemmy.todayEnglish
    7·
    8 hours ago

    We are no where near maxxing out credit, which will happen before these malicious clowns lose control.

    I suspect at that point they will print money to pay debt and start a hyper inflation.

    But lost in all this is stated inflation higher than the cpi, understated on purpose several times in the last half century.

    By 2008 inflation was 5 to 8 percent on average under the old measure. Around 3 on the new.

  • MrSulu@lemmy.mlEnglish
    6·
    10 hours ago

    Let’s all sell up! There are ways to peacefully protest with robust impact.

  • skozzii@lemmy.caEnglish
    31·
    15 hours ago

    I will also be selling my treasuries, I won’t tell the exact amount but it’s “slightly” less than 100 million.

    • Monument@lemmy.sdf.orgEnglish
      13·
      12 hours ago

      I actually rebalanced my 401k tonight and dumped all my bond holdings and most domestic stocks just an hour or so ago. (I did keep the index funds, though.)
      Swapping most of the allocations over to foreign stocks (showing about 35% yearly returns, vs the still good 14% I was netting before). I also threw a small chunk into a gold commodity index fund, which is showing 150% growth in the last year. Risky, but what am I going to do? Live long enough to grow old? In this economy?

  • VitoRobles@lemmy.todayEnglish
    121·
    19 hours ago

    Danish pension operator AkademikerPension said it is exiting U.S. Treasurys because of finance concerns as Denmark spars with President Donald Trump over his threats to take over Greenland.

    Oooof. They no longer trust the US government to be a safe or friendly place to keep their money.

    Let the ripple effect begin!

  • naught101@lemmy.worldEnglish
    31·
    16 hours ago

    I was expecting the AI bubble to burst and then take down the US economy, but perhaps it’s going to be the other way around…

    • gravitas_deficiency@sh.itjust.worksEnglish
      49·
      17 hours ago

      The fact that someone stood up and said “we do not trust the honor of the US to fulfill a debt” is important. We’ll see how much of an impact that actually has, but my kneejerk reaction is that it was meaningful.

      • UnderpantsWeevil@lemmy.worldEnglish
        84·
        17 hours ago

        my kneejerk reaction

        :-/

        The global market will pounce on $100M in underpriced Treasuries.

        A better question is what the Danes plan to replace the reserves with. Now would be a cool time to roll out EuroBonds.

        That said…

        Schelde chiefly cited the ballooning debt bill facing the U.S. after decades of government overspending.

        This is, has, and will continue to be a dumb reason to sell US Treasuries. The Bond Vigilantes always lose their shirts in the end.

              • UnderpantsWeevil@lemmy.worldEnglish
                23·
                15 hours ago

                Quite a few. But, just for starters, you’d need the Federal Reserve to turn off the unlimited money spigot.

                • naught101@lemmy.worldEnglish
                  11·
                  13 hours ago

                  I don’t think that needs to happen, if you get into a hyperinflation situation, right? And Trump and co have been doing a lot to destroy the underlying productivity of the us economy over the last year.

    • Lucidlethargy@sh.itjust.worksEnglish
      81·
      12 hours ago

      Eh, fuck it. We’re all goddamn poor anyway.

      It’s true the wealthy that cause these problems probably won’t be impacted, though…

      But hey, I hope I’m wrong.

  • neidu3@sh.itjust.worksEnglish
    44·
    18 hours ago

    Wouldn’t surprise me if the Norwegian pension fund is looking into the same. They do, however, work slow. We’ll see if Jonas Gahr Støre continues to receive the stupidest spam imaginable.

  • MehBlah@lemmy.worldEnglish
    29·
    18 hours ago

    Now you are dong something they will notice. The number needs to be much higher.