Run, Don't Walk From Treasuries

"Americans love a winner. Americans will not tolerate a loser ... . The very idea of losing is hateful to an American." -- General George S. Patton

Why would any rational investor buy a long term U.S. Treasury today? This may seem like a strange question to ask right now.

Historically, at least since World War II and considering the dominant position of the dollar and the U.S. economy, Treasuries have usually been the ultimate safe haven investment in troubled times. These are troubled times, possibly the worst since the Great Depression, so why would a rational investor want to avoid Treasuries? ...