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Politics : Formerly About Advanced Micro Devices
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To: Maple MAGA who wrote (1480881)8/25/2024 11:37:24 PM
From: FJB2 Recommendations

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longz
Maple MAGA

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U.S. Treasuries not the safe bet they once were. - If the US government takes in almost $5 trillion a year and has $35 trillion in debt. They are bankrupt. This means the dollar is worthless.

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JACKSON HOLE, Wyoming (Reuters) -No safer than a bund. Or a gilt. Or an OAT.

Long touted as hands-down the world's "safe haven" securities, the behavior of U.S. Treasuries during and after the COVID-19 pandemic calls that label into question, suggesting they are little different from the debt issued by the likes of Germany, Britain, France, or even big corporations.

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