We are officially entering the cool zone now. The US Treasuries are (were) the gold standard safe investment. It allowed the US to weather financial crashes in the past because the flight to safety lowered borrowing costs giving the government a lot of room for stimulus. The US may not be able to finance its way out of this crash of its own making. It might not be able to finance entitlements and military spending.
Retirees should have mostly moved into bonds from stocks to finance their retirement. Meemaw’s retirement account is getting eviscerated at the exact moment DOGE is fucking with SS. Get ready for Great Depression 2.0 with previously financially set old people in the streets.
The funny thing is that boomers and Trumpers love this. They’re so totally convinced that the country carrying debt is somehow a bad thing that they’re celebrating this. In their mind the US is somehow more powerful when the entire rest of the world doesn’t want dollars. It’s completely nonsense and they’re gonna learn the hard way when their entire retirements are wiped out and social security and Medicare no longer exists but this is exactly what they want
We are officially entering the cool zone now. The US Treasuries are (were) the gold standard safe investment. It allowed the US to weather financial crashes in the past because the flight to safety lowered borrowing costs giving the government a lot of room for stimulus. The US may not be able to finance its way out of this crash of its own making. It might not be able to finance entitlements and military spending.
Retirees should have mostly moved into bonds from stocks to finance their retirement. Meemaw’s retirement account is getting eviscerated at the exact moment DOGE is fucking with SS. Get ready for Great Depression 2.0 with previously financially set old people in the streets.
The funny thing is that boomers and Trumpers love this. They’re so totally convinced that the country carrying debt is somehow a bad thing that they’re celebrating this. In their mind the US is somehow more powerful when the entire rest of the world doesn’t want dollars. It’s completely nonsense and they’re gonna learn the hard way when their entire retirements are wiped out and social security and Medicare no longer exists but this is exactly what they want