Greenland Crisis Just Boxed In US Sovereign Debt
When pension funds start questioning US debt because of political behaviour, something deeper than Greenland is breaking. Right, so a Danish pension fund has just moved to exit US Treasuries. Offload US debt in other words. Not stocks, not defence firms, not some symbolic gesture, but US government debt, because US political behaviour itself has been judged a risk and this is the kind of response that, as I mentioned in a video just the other day, can hurt the US via its spending power. In part at least, this is in aid of applying coercive pressure over Greenland of course, territory tied to…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.