BFL: Big F’n Lie: “Bonds are safe.” For years financial planners have been lying to their “chumps” a.k.a. “clients” that “US bonds are safe.” Only a chump would believe that BS. Lesson: Nothing is safe if there is “counter party-risk.” Stupid example of counter party risk: would you let a convicted pedafile baby-sit your kids, if his parole officer said, “He served his time.” Since 1971 the FED and US Treasury have been printing fake fiat money, a.k.a US Bonds covering up for criminal enterprises, a.k.a. “The Swamp” that Trump and Elon are exposing via DOGE. If your financial planner had you drink the “US Bonds are safe,” Kool Aide I would fire or sue them for malpractice and stupidity. As JP Morgan said years ago, “Gold is money…everything else is toilet paper.” As you know I have been a broken record pleading with people to buy real gold, silver, and Bitcoin….no ETFs. ETFs are more expensive toilet paper. When Moodys down graded US toilette paper… I feel vindicated. Cental banks are dumping US bonds to buy gold, and no one wants to buy more US toilet paper. America is in serious trouble. Thank you for following my redundant X’s or Tweets. It’s not rocket science….unless you have a financial planner who is paid to sell you US toilet paper. Gold, silver and Bitcoin are money. Everything else is toilet paper. That is why I have been saying…for years….”Savers (of toilet paper) are losers.” Be aware: Take care.