Creating Wealth Real Estate Investing with Jason Hartman cover image

1979: Police State, Digitizing The Dollar, SEC Attacks Crypto, Bank Bailouts, Clive Thompson

Creating Wealth Real Estate Investing with Jason Hartman

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The Cost of Insurance for Pension Funds

In risk terms, it's only about half a percent chance or one in 200 chance that the USA would default. But compared to where we were a year ago or six months ago, the cost of ensuring yourself against default by the USA is currently very high. A CDS is basically like buying an insurance policy against default. The least likely default at the moment seems to be the United Kingdom.

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