No. of Recommendations: 1
> 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.
