The fact that this all happened by choice is really something. It's like witnessing a self-decapitation.
America just experienced a leveraged buy out.
Gold overtakes U.S. Treasuries as the largest foreign reserve asset
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Re: Gold overtakes U.S. Treasuries as the largest foreign reserve asset
#12Earlier quoted context omitted.
That's fair. I agree. I was thinking of the USA as one actor. The USA votes, or chooses not to, and that has effects.
True. In that sense the voters have self decapitated. I can’t understand how the Trump administration still has support from 40% of the country (per polls). I could understand voting for him due to some issue a voter has strong feelings about. But now we have seen it all play out and it’s a disaster leading to national ruin. And there is no talk of impeachment, trials, and accountability for everyone in his circle. S…
They don’t care when the media on am and talk radio, evangelical and mega churches, and all the conservative news tells them what to believe
Re: Gold overtakes U.S. Treasuries as the largest foreign reserve asset
#13America really is in for a wake up call.
The federal government is. We'll see if the founders concept of a union of states is worth as much as it was proclaimed to be.
Re: Gold overtakes U.S. Treasuries as the largest foreign reserve asset
#14Dated Jan 9. When the headlines is in present tense, it is kinda misleading to post as-is at a later time.
Re: Gold overtakes U.S. Treasuries as the largest foreign reserve asset
#15The fact that this all happened by choice is really something. It's like witnessing a self-decapitation.
It’s not a self decapitation exactly. I think Trump, his family, his corporate donors, and other friends are all willing to sacrifice everyone else - including the lead America had - to make themselves rich and powerful. Every single decision to spend - defense, ICE contracts, AI, approvals of anticompetitive acquisitions, changes to regulations, etc - is making that circle richer at our expense. They don’t care if A…
Weakening your own domain to get powerful sounds clearly contradictory, yet there are so many examples of elites doing exactly that despite the fact that doing so must've required foresight and planning elaborate enough to not blind them from the consequences.
Re: Gold overtakes U.S. Treasuries as the largest foreign reserve asset
#16Earlier quoted context omitted.
True. In that sense the voters have self decapitated. I can’t understand how the Trump administration still has support from 40% of the country (per polls). I could understand voting for him due to some issue a voter has strong feelings about. But now we have seen it all play out and it’s a disaster leading to national ruin. And there is no talk of impeachment, trials, and accountability for everyone in his circle. S…
They don’t care when the media on am and talk radio, evangelical and mega churches, and all the conservative news tells them what to believe
Media that is never critical towards one side is what started all of this. A politician's kryptonite is when their voters find out that they lied or were hypocrites. That is a universal truth.
Single party media outlets like News Corp, Sinclair, Euronews, and so many others have broken that system entirely.
My test to see if someone is a shill/moron is to simply ask them to say one obvious bad thing about "their side." If they cannot, it becomes clear that they are not worth listening to.
Re: Gold overtakes U.S. Treasuries as the largest foreign reserve asset
#17The events of the last year certainly have a role to play, but the overall effect is just the result of trendlines that have been in play for quite a while.
Here's a world gold council (i know...) review/survey of central banks gold holdings from mid 2025 (https://www.gold.org/goldhub/research/central-bank-gold-rese...). It notes that gold purchases (by mass) have been elevated going back to ~2023.
Gold prices have also been on an upward trajectory ever since 2023 (https://goldprice.org/gold-price-history.html)
Whatever is happening now is bigger than actions over the last year.
Re: Gold overtakes U.S. Treasuries as the largest foreign reserve asset
#18Earlier quoted context omitted.
True. In that sense the voters have self decapitated. I can’t understand how the Trump administration still has support from 40% of the country (per polls). I could understand voting for him due to some issue a voter has strong feelings about. But now we have seen it all play out and it’s a disaster leading to national ruin. And there is no talk of impeachment, trials, and accountability for everyone in his circle. S…
They don’t care when the media on am and talk radio, evangelical and mega churches, and all the conservative news tells them what to believe
> and all the conservative news tells them what to believe
And most traditional news is conservative now.
The idea that the mainstream media was ever leftest was always wrong, but these days its absolutely laughable and yet a lot of people still parrot this like it is the truth.
Re: Gold overtakes U.S. Treasuries as the largest foreign reserve asset
#19America really is in for a wake up call.
The federal government is. We'll see if the founders concept of a union of states is worth as much as it was proclaimed to be.
That’s interesting. Hadn’t thought of it that way. I can’t for the life of me figure out why more blue states aren’t taxing their wealthy occupants to cover the gap in lost federal funding from DOGE. If they were smart they would start stretching that muscle.
Re: Gold overtakes U.S. Treasuries as the largest foreign reserve asset
#20If the value of gold goes up, doesn't this essentially help the US anyway? I believe our gold reservers are twice that of the closest country?
Source: https://tradingeconomics.com/country-list/gold-reserves