I'm curious as to what alternative you invest in. The received wisdom is that TBills are the closest to a 'risk free' investment on the planet. However, as you're pointing out, historically with increasing debt, some kind of debt repudiation(whether explicit or implicit) has always happened.
The practical question becomes what is a safer alternative and perhaps more importantly, can we know that today.
The practical question becomes what is a safer alternative and perhaps more importantly, can we know that today.