mark is wrong on one count....US treasuries DO have a de-facto guarantee within the jurisdiction of the US govt. this doesn't mean their value is gauranteed, the value of the bond may fluctuate with a variety of factors...but, US treasuries can be redeemed with created accounts by a 1982 law, making them the fiat equivalent of the US dollar itself. whether you can do anything with those dollars is another issue, but thats not an assurance issue, its a trade issue
Fixed-income investments are not good with respect to inflation. A thousand / month withdrawal when someone is 65 might not have the same buying power if they live to 85. Another case of if it sounds too good to be true, it generally is.
Wow. With all the fraud and corruption that is being revealed to exist in our financial/political system this, THIS, is what author gets worked up about?
Items like this make be believe a little more in disinformation conspiracies. That this post exists to give people something to talk/think about other than what "they" are really doing.
Taking Cuban's argument to its logical extreme, nothing can ever be guaranteed because a large asteroid could hit the earth and kill us all. I'm more likely to believe that Amazon.com will honor its service guarantees than I am some no-name ecommerce company, and Amazon's guarantee is close enough to certainty that I don't question it. The probability of a promise being kept is somewhere between zero and one. Our job as buyers is to estimate that probability accurately enough to make rational decisions.
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[ 3.0 ms ] story [ 30.1 ms ] threadItems like this make be believe a little more in disinformation conspiracies. That this post exists to give people something to talk/think about other than what "they" are really doing.