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There are very few if any institutions that sophisticated investors trust to pay back money more than the U.S. government. Banks go bankrupt, gold changes valu
by JamesBarney 4y ago
There are very few if any institutions that sophisticated investors trust to pay back money more than the U.S. government.
Banks go bankrupt, gold changes value, cash gets stolen. Seems like the U.S. government is the best option.
- dahfizz 4y agoUS T-bills, sure. Not so for Social Security. I would trust my retirement to the US Treasury. No sane human would trust their retirement to the US Congress.
- maxilevi 4y agoOnly because the debt is denominated in USD, so the government can always print it to pay it back. It’s not like it’s the most fiscally responsible government around
- ur-whale 4y agohttps://www.officialdata.org/us/inflation/1800?amount=1 https://www.officialdata.org/us/inflation/1800?amount=1 I'd love to have to repay my debts with those conditions.