"“I’ve pulled all my money out of Treasuries” | DOGE, deficits & default?!"

[yankees60]

I've watched some of her free videos in the past. This one maintains her record of presenting excellent information in them.


“I’ve pulled all my money out of Treasuries” | DOGE, deficits & default?!

[boglerdude]

Honest info but nothing new

Defaults are done through inflation.

edit for content

[ochotona]

The last time we had a default threatened, I sold all of my SGOV ETF and then I bought actual Treasuries with a maturity date six months beyond X-date.

I just didn't want my small soft body to get crushed in the ETF redemption gears, due to iShares trying to make good on people having a run on the ETF. During crisis times I'd rather get rid of any intermediaries if possible.

I chose six months because... well, they better have it working again in six months. I think I bought a few CDs also.

[seajay]

I've watched some of her free videos in the past. This one maintains her record of presenting excellent information in them.


“I’ve pulled all my money out of Treasuries” | DOGE, deficits & default?!

What could go wrong? https://www.usdebtclock.org/ debt per taxpayer $323K ($36.5Tn debt), unfunded debt 3.15 times larger than that - so $1M debt per taxpayer

[yankees60]

I've watched some of her free videos in the past. This one maintains her record of presenting excellent information in them.


“I’ve pulled all my money out of Treasuries” | DOGE, deficits & default?!

What could go wrong? https://www.usdebtclock.org/ debt per taxpayer $323K ($36.5Tn debt), unfunded debt 3.15 times larger than that - so $1M debt per taxpayer

Yes, during the recent United States presidential election, other elections, how much time was spent discussing the debt? Almost none?

[seajay]

What could go wrong? https://www.usdebtclock.org/ debt per taxpayer $323K ($36.5Tn debt), unfunded debt 3.15 times larger than that - so $1M debt per taxpayer

Yes, during the recent United States presidential election, other elections, how much time was spent discussing the debt? Almost none?

At least Trump has jumped straight onto it though. $1Tn/year trade deficit - selectively apply tariffs to countries who run with a surplus (US deficit). Borrowing/spending too much - slash public and overseas spending. The ending of being able to export inflation coming to a end - readjusting the US economy accordingly. US economic weakness will embolden Xi/Putin however.

[yankees60]

What could go wrong? https://www.usdebtclock.org/ debt per taxpayer $323K ($36.5Tn debt), unfunded debt 3.15 times larger than that - so $1M debt per taxpayer

Yes, during the recent United States presidential election, other elections, how much time was spent discussing the debt? Almost none?

At least Trump has jumped straight onto it though. $1Tn/year trade deficit - selectively apply tariffs to countries who run with a surplus (US deficit). Borrowing/spending too much - slash public and overseas spending. The ending of being able to export inflation coming to a end - readjusting the US economy accordingly. US economic weakness will embolden Xi/Putin however.

What was his record during his first term, even after taking out the amount due to Covid?

[ochotona]

All politicians lie about debt / deficits.

[ochotona]

April 7-9... Treasuries have suddenly stopped acting as the safe haven. Someone is a massive seller of them. China? And/or just ex-US parties in general are selling and not showing up at Treasury auctions?

There is an auction today for an (almost) new ten year Treasury... they are re-opening an auction and selling more of an existing CUSIP.

https://www.treasurydirect.gov/instit/a ... 0403_7.pdf

It will be telling to see how it went... who showed up to buy.

There is an Auction Results tab on this page https://www.treasurydirect.gov/auctions/upcoming/

[ochotona]

ooof, IEF is not happy today... FAFO

Sure we buy lots of stuff from the world, more than we export, but we depend on them to finance our debt.