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I sold some bonds 3 days ago. I just don't trust this administration won't default on something in the next 6 months. Or do something else to drop out AAA rating.
Yeah, I've been trying to figure out what to do rather than just holding cash (cause inflation is likely to go up). But bonds don't feel safe, I think the best bet is looking to assets outside the US, but that's exactly what this article is calling out, the US doesn't feel safe anymore.
I'm debating precious metals or possible even Bitcoin since that'll probably get pumped by the admin announcing the government buying it. Problem is they might try and sell off gold to do it which would probably drive down the price of that.
But I'm sure there won't be any insider trading of those before it happens /s
I know this is the kind of hyperbole that leads to markets crashing spectacularly, but honestly, sell your bonds, get the fuck out of the U.S., this place is cooked. DO NOT RELY ON THE U.S. FOR ANYTHING IMPORTANT for the foreseeable future.
Centrists strangled any hope of mitigating this disaster by spending all the democrat/left's political capital on meaningless handwringing about the parlimentarian saying no to higher minimum wages and whether well should we be so radical so as to suggest free healthcare... and well should we really keep feeding the poor isn't that handouts?
Now centrists in U.S. culture learn why the leftists they have been angrily tone policing for being too negative where just describing in a sad voice the future that was heading for us like a freight train, covered in fascists hooting and hollering.
It is going to be bad, and I am very sad.