Battleship USA has already hit the iceberg and now faith ▫️trust, ▫️solvency and ▫️credibility “man the lifeboats”.
Germany and Italy are considering repatriating gold stored in the U.S. due to rising geopolitical tensions and criticism from former President Trump regarding the U.S. Federal Reserve. This reflects a growing mistrust in U.S. financial stewardship.
Europe's internal and external pressures are prompting nations to reassess their asset security. The past security of U.S. custody is diminishing as global instability rises.
Additionally, the risk of the U.S. freezing foreign assets during crises has fueled concerns. Discussions regarding sovereignty and strategic autonomy are intensifying among European powers. If Germany and Italy proceed, it may lead other countries to follow suit, further eroding faith in the U.S. as a trustworthy gold custodian.
Battleship USA has already hit the iceberg and now faith ▫️trust, ▫️solvency and ▫️credibility “man the lifeboats”.
Germany and Italy are considering repatriating gold stored in the U.S. due to rising geopolitical tensions and criticism from former President Trump regarding the U.S. Federal Reserve. This reflects a growing mistrust in U.S. financial stewardship.
Europe's internal and external pressures are prompting nations to reassess their asset security. The past security of U.S. custody is diminishing as global instability rises.
Additionally, the risk of the U.S. freezing foreign assets during crises has fueled concerns. Discussions regarding sovereignty and strategic autonomy are intensifying among European powers. If Germany and Italy proceed, it may lead other countries to follow suit, further eroding faith in the U.S. as a trustworthy gold custodian.
I think these days that the biggest and most powerful weapon in the U.S. arsenal is the Plunge Protection Team.
Nice spiel, Vince. Insightful as always.