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Sunshine (she/her) ( Sunshine@lemmy.ca )  to Boycott US@lemmy.caEnglish · 1 month ago

French central bank nets €13bn by pulling gold out of US reserves

www.rfi.fr

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  • cross-posted to:
  • europe@lemmy.dbzer0.com
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French central bank nets €13bn by pulling gold out of US reserves

www.rfi.fr

Sunshine (she/her) ( Sunshine@lemmy.ca )  to Boycott US@lemmy.caEnglish · 1 month ago
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  • europe@lemmy.dbzer0.com
  • europe@lemmy.ml
  • globalnews@lemmy.zip
France’s central bank has sold off the last of the gold it held in the United States Federal Reserve and replaced it with higher quality bars in Paris, taking advantage of rising prices to make nearly…
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  • TheJesusaurus ( TheJesusaurus@piefed.ca ) 
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    1 month ago

    The rate at which nation-states are repatriating gold from the USA right now is astonishing. Truly the canary in the coalmine of their economy

    • [object Object] ( panda_abyss@lemmy.ca ) 
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      1 month ago

      Trump is demanding disposal countries pay back Ukraine aid, there’s a 99% chance Trump tries sizing their gold regardless of the economy.

      In 2026 ICE or the FBI would gladly do this with opposition or question.

      • eyesaremosaics ( eyesaremosaics@lemmy.zip ) 
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        1 month ago

        There would be big financial knock on effects if they block withdrawals however, it would basically write off future purchases of US based gold. They are still self-interested and this would be shooting themselves in the foot pretty badly

        • [object Object] ( panda_abyss@lemmy.ca ) 
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          1 month ago

          The Trump admin doesn’t consider second order effects.

          Yes, they have smart evil people lurking in the weeds looking to ratfuck things, but everyone at the top is dog whipped by a mentally deficient dementia addled narcissist who thinks he’s smarter than everyone else.

          The stupidest option will always win if their team sees something is happening.

          • eyesaremosaics ( eyesaremosaics@lemmy.zip ) 
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            1 month ago

            Meh, there is no way that that bag of turds is running the show, he couldn’t organise anything & is just an evil person that is easily manipulated by the people actually pulling the strings

            • [object Object] ( panda_abyss@lemmy.ca ) 
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              1 month ago

              The problem is you need to keep him focused on inane shit so he’s busy and hope the true believers don’t show him something that can derail him.

  • Smaile ( Smaile@lemmy.ca ) 
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    1 month ago

    America is a liability at this point and everyone is running for the exit

  • Sunshine (she/her) ( Sunshine@lemmy.ca ) OP
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    1 month ago

    Fascists and Tankies are about to be pissed.

    • birdwing ( birdwing@lemmy.blahaj.zone ) 
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      1 month ago

      Don’t think MLs would be pissed tbh, they hate the US. And not without reason, considering the red scares.

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