I don't know who needs to hear this, but long-term government debt holders are FUCKED.
Discussion
Not many people on nostr for sure, yet normie world is still full of people thinking that government bonds are a pretty good deal somehow
Yeah, they look at the difference between the yield paid by bonds and what the banks give them, and they think is a safe, guaranteed income, without accounting for the true loss in purchasing power, which is much, MUCH higher than the yield paid.
