"Risk-free" is the most dangerous lie in finance.

They teach you that US Treasuries are safe because the government can't default.

That is a nominal truth and a real-world lie. Yes, they will pay you back the dollars.

But by the time you get them, they will buy half the steak, eggs, and energy they do today.

You are locking in a 4% yield while your actual cost of living compounds at 10%.

That isn't "safety." That is guaranteed wealth destruction disguised as solvency.

The only safe asset is one they cannot print.