[brettproctor]

I'm aware of the impracticability of everyone divesting out of USTs right now. Your points are entirely valid and are the reason the system is still being held together.

My point is there exists some set of circumstances in which that assumption changes.

As an example, at some fed balance sheet level + inflation level, your options are either: 1) Do nothing and end up with nothing 2) Do something and end up with more than nothing

I've lost count of total fed pledges at this point, something on the order of $8T? Say things drag on and that goes to $12T+? And say inflation takes off, is the fed really going to fight inflation? It can't.

You start seeing high double digit inflation while the fed is printing money and keeping rates at zero, and at some point you have to move your USTs into something. If you don't, you'll be left with nothing.

I realize this is incredibly hard to imagine given the current system, but things that can't go on forever wont'.

[tick_tock_tick]

The level is when we switch to a food, guns, and ammo economy. USTs are so deeply interwoven into the very fabric of the world economic systems the only way to get out of it is for the whole system to fall apart.