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Originally Posted by Lenny2
While I agree that U.S. fiscal policy needs to change, buying U.S. government debt is the safest investment in the world.
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It may be safe to a degree, but there sure are both more profitable and safer bets than buying into the debts of a country.
What happened to Argentina? They followed the guidelines/recommendations of bankers and the IMF and got well screwed. What happens if OPEC does decide to trade oil, even partially, in other currencies? (Tho that would have a ripple effect around the world - not just in one country).