Literally moves? Physically moves? Come on, doesn't this make your hands itch? Is it heist time folks?
Dutch central bank moves share of gold from U.S., Canada to London
111–120 of 273 posts
Re: Dutch central bank moves share of gold from U.S., Canada to London
#112Earlier quoted context omitted.
Countries have different idioms.
Please explain?
One example to illustrate: when talking about dying, Americans would kick the bucket, Poles would kick the calendar, French would break the pipe, Germans would drop the spoon, and the Spanish would pull the leather. But they all would be referring to the US's trust among its allies.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#113It may be quirky for Americans to hear this, but one pivotal moment when it truly dawned on the average european citizen how corrupt the US has become, was when Trump phoned Infantino to drop a red card during the world cup. Blatant corruption for zero gain that even the Putin's and Xi Jin Pings never attempted. Any toddler could see how wrong it was and it was felt deeply in many hearts. Needless to say trust is clo…
To add to this, because I think it is important context for Americans who may not be aware, football is seen very officially by many European nations and national governments as a cultural counterpart to many international treaties within Europe that were born out of the desire to bring our respective cultures closer together after the second world war. It is so important, that many countries make it illegal to hide…
> It is so important, that many countries make it illegal to hide international football matches behind paywalls, specifically.
Sports is peak diversion from real issues, Whether Europe, US or India and so on. The countries can go to hell, people can drown in endless real problems. But if people can be smothered with sport entertainment so they ignore real things whats better than that.
In India whole country can become absolute crap. Worst on any social, economic indicator but as long free cricket broadcast is on TV and mobile, life is good.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#114Earlier quoted context omitted.
That is what the pamphlet says. Fact is, it was not a issue before, because of trust. "for more resilience against a backdrop of increased geopolitical risk." is just nice wording for "Trump is burning down all bridges".
> "for more resilience against a backdrop of increased geopolitical risk." is just nice wording for "Trump is burning down all bridges". It is more multifaceted than that. To wit: they're leaving a substantial amount still in North America. America's actions is a big part of it, but it isn't the only reason.
It's a hedge against the risk of the current government. Leaving a bunch here is part of the hedge. It's not as "multifaceted" as you're making it out to be.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#115Just in time before major European continental war begin. Strategic move. For the context : German airport was officially attacked by Russia . And that’s only one of many incidents. UK is on the radar of official Russian hawks for a very long time
More a vs. US strategy than a vs. Russia strategy. Russia has been weird for a long time, they are doing sub-threshold-of-war attacks for a while now. But the USA? Outright threatening allies, talking about annexing some of them, making more threats against other allies who make moves to defend those allies? And he's got a known love for gold, started wars without bothering to inform allies he's now trying to punish…
Yeah russia has been waging war against the west basically since putin came into power. That paranoid kgb fuck sees anything free as direct threat to their model of how to run a dictatorship and very much a personal threat on top of that (he may not be completely wrong given how proactive cia has been and their general methods of subversion). Divide and conquer, subvert EU and produce infighting on some emotional topics with ideal goal of breakup to pick countries one by one, subvert US to focus more inward and stop policing the world, ideally weaking it long term.
This is nothing new for anybody interested in the topic, its all very open and public (which is kind of the point I guess to manipulate public perception too). Every single secret service know this as 101 reality. In same way ie war in Ukraine started in 2014 in all measurable ways, not 2022.
US part... well its painful to watch, especially the incompetence or elephant-in-porcelain-shop part, of a shop that took many decades to build. But its good long term for Europe and rest of west - we became uber weak and over-reliant on US bases, their tech and power projection, and even if its 2026, influence not backed by real power means very little in actual world out there. Be provably strong or vanish seems to be mantra. Its smart to adapt to reality rather than expect the world to rearrange itself to some idealistic wishful thinking, however nice it may feel and however well it may have worked during easy peaceful times.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#116Earlier quoted context omitted.
No it's not simple to call "he" did this. WH people, half? of the country supporting him for 2nd time, and wealthy people that donated so much too, it's never "he". Nothing big like that is one persons responsibility. Actions have cons. ? All elected and supported, especially AFTER how he and his supports lead the so many extra deaths in covid. I know your media does not bring facts but truth is out there.
Not half the country. Almost half of the people who voted.
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Re: Dutch central bank moves share of gold from U.S., Canada to London
#117Earlier quoted context omitted.
I'll say something controversial: Clinton and Harris were both better options than the guy who started his campaign mocking a reporter's disability. If voters had any sense it should've ended right there. The rationalizing, the "corrupt DNC" arguments and everything else is a cop-out.
Here's a real controversial opinion: If Clinton had won, the eventual backlash would be much greater and have elected a far more odious figure than Trump. America is lucky that Trump is kind of a bumbling oaf that channeled populist rage.
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Re: Dutch central bank moves share of gold from U.S., Canada to London
#118Considering the Netherlands’ strategic ties with the US, this sounds like quite a bold move. France doing so was one thing, but the Dutchs have always been rather Atlanticists.
For what it's worth, the Dutch Central Bank argues that this is simply because it'd be easier to sell in London in a crisis situation.
They've previously stated to be far more worried about the dependency on VISA and MasterCard than the gold reserves in the US.
https://nos.nl/artikel/2560460-dnb-maakt-zich-zorgen-over-am...
Re: Dutch central bank moves share of gold from U.S., Canada to London
#119Earlier quoted context omitted.
> "for more resilience against a backdrop of increased geopolitical risk." is just nice wording for "Trump is burning down all bridges". It is more multifaceted than that. To wit: they're leaving a substantial amount still in North America. America's actions is a big part of it, but it isn't the only reason.
It's a hedge against the risk of the current government. Leaving a bunch here is part of the hedge. It's not as "multifaceted" as you're making it out to be.
Hey, I’m simply echoing what the Dutch government said. I’m taking them at face value since the Dutch are pretty direct.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#120Fun fact, France did exactly the same earlier this year (though the trend has been there for decades). [1] https://en.wikipedia.org/wiki/Gold_repatriation#France
France made an even a smarter move as it sold its reserves in the US and bought higher purity gold locally.