11 April, 03:26
#TheGreatDefault has begun.
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Phantom Virus2020
@Phantomvirus2020
11 April, 04:16
In response Vincent Kennedy⍟ to his Publication
Have no idea what that means
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11 April, 04:36
In response Phantom Virus2020 to her Publication
Bond payments on sovereign debt. Example, China is the largest holder of US Treasuries, estimated at over a trillion USD. If and when the US defaults on that debt- why would we pay interest in money to a hostile govt engaged in war with the world?
Default on all interest AND Principal and walk let them try to collect😄
Suddenly US is not broke anymore.
Default on all interest AND Principal and walk let them try to collect😄
Suddenly US is not broke anymore.
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Many pension funds in the US and Canada are heavily invested in China. What happens to these pensions?
05:55 PM - Apr 11, 2022
In response Positively Negative to his Publication
Only people mentioned by Debbydorothy in this post can reply
12 April, 09:52
In response Debby dorothy to her Publication
Unsure. I would recommend seliing any stocks or equity funds- within your accounts -and move the proceeds to an insured money market fund. All money stays in 401k or IRA account, but is not invested in “the market”.
Cash, Gold or Silver and Real Estate is all I would own rught now. IMO.
Cash, Gold or Silver and Real Estate is all I would own rught now. IMO.
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12 April, 10:04
In response Positively Negative to his Publication
Some big government union pensions and the Canada Pension Plan are heavily invested in China. The people have no say on where the pension managers invest their money.
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