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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: ajm101 ✭  😊 😞
Number: of 86278 
Subject: Re: OT, out
Date: 03/17/25 2:16 PM
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> A faint secondary factor would be counterparty risk due to jurisdiction risk on T-bills or cash deposits at US brokers in that some change might mean I don't get my money back. I don't expect that would be a problem with the currency itself, but rather one's access to it. Nobody wants "cash" that's only good till you reach for it. I conclude that T-bills, for non-US-persons, no longer reliably meet that test.

I don't know if it is one of the under-the-radar developments, but the carve outs of rule of law has crossed several of my red lines. One part of that, which I alluded to earlier this year, was use of budget impoundments and apparent direct interference in the ACH system. I'm starting to make preparations that I was hoping to avoid, I don't want to be the proverbial boiled frog. I have some diminishing causes for optimism, and bringing it full circle I think BRK is still an important player still left on the board.
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