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Netherlands pulls gold out of the US

abc.net.au

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Re: Netherlands pulls gold out of the US

#161

Post by KaiserPro »

ericmay wrote: post #132
tialaramex wrote: post #108

Earlier quoted context omitted.

> dramatic scenario wouldn’t result in the US compelling the UK to also seize those assets? The US can demand that we seize other people's gold, but if we acceded then it's game over for our financial industry - London is an important financial centre today but if it's actually just New York but on the far side of the Atlantic who cares? My guess is that the UK would say "No" and since that's presumably a demand from…

> Bombing a girl's school in Iran looks like a PR master stroke by comparison. Iran killed more than 30,000 of its own people for peacefully protesting and continues to hang its own citizens to this day. They (along with Hamas, Hezbollah, and more) intentionally set up military assets next to civilian facilities because they know we don’t intentionally strike civilian facilities and they tell you that themselves. Ira…

Yes iran is a murderous regime, but thats not a get out of jail free for either failing to do logistics, plan for the enemy you face, or failing to properly vet your targets in a war of choice.

> And no, Trump can’t and isn’t dumb enough to start seizing assets of another country.

I mean Maduro would like a word.

He literally kidnapped a world leader to gain access to a country's oil system.

Then there is the agitation, visits and posturing to invade an ally's fucking land. Its not that difficult to imagine trump confiscating "foreign gold" to even up the "trade deficit". There are no effective controls on trump's actions.

> completely ruin the credibility of its financial system

Besent is doing a good job ruining that trying to shout at the bond market, and pissing about with the Yen.

Then there is the attempts to yeet parts of the Fed it's self.

Re: Netherlands pulls gold out of the US

#162

Post by anon84873628 »

disdegeneration wrote: post #147
anon84873628 wrote: post #140

Earlier quoted context omitted.

Until you can buy oil without dollars. This was an explicit agreement called the Petrodollar system, which was premised on the US navy securing international trade. If the US navy proves unable to do that (and exhausts its arms and demonstrates unpreparedness for future conflicts) then the whole premise falls apart. You might also stop buying real estate if the government seems unstable and economy is poised to colla…

Until you find a more thrustworthy stewart of the international order. Everyone yells loudly about how bad the us is, but then you realize that the whole world voted with there feet that every other alternative is worse. The russians tried for years to write some replacement fiction into reality (BRICS) even though they would be the first to get shanked if the old great game returned. Its a absurd situation where emp…

China is "trustworthy" in the sense that they have obvious, rational, consistent motivations and very stable government.

Re: Netherlands pulls gold out of the US

#163

Post by wnc3141 »

Wololooo wrote: post #130
_mitterpach wrote: post #129

Earlier quoted context omitted.

Wouldn’t that necessarily mean that if the US keeps making enemies of allies, then the premium required for these countries to give US money would be higher? Sure, I’ll lend you some, but I don’t trust you that much, you’ll have to pay me more.

Go further with your reasoning... Why would anyone lend the US more...

its mostly because the global economy is dollarized so there's a number of benefits store your wealth in dollars as a hedge or point of stability. If the dollar's dominance wanes, so too will be the appetite for US treasuries.

Re: Netherlands pulls gold out of the US

#165

Post by k12sosse »

disdegeneration wrote: post #147
anon84873628 wrote: post #140

Earlier quoted context omitted.

Until you can buy oil without dollars. This was an explicit agreement called the Petrodollar system, which was premised on the US navy securing international trade. If the US navy proves unable to do that (and exhausts its arms and demonstrates unpreparedness for future conflicts) then the whole premise falls apart. You might also stop buying real estate if the government seems unstable and economy is poised to colla…

Until you find a more thrustworthy stewart of the international order. Everyone yells loudly about how bad the us is, but then you realize that the whole world voted with there feet that every other alternative is worse. The russians tried for years to write some replacement fiction into reality (BRICS) even though they would be the first to get shanked if the old great game returned. Its a absurd situation where emp…

Are we talking about Russia or the US in that last sentence, or is the ambiguity the point?

Re: Netherlands pulls gold out of the US

#166

Post by gregw2 »

This is all about Greenland and reducing leverage Trump might wield to get it, right?

They can't say that, it just gets them into a pissing match with Trump and what good is that but it's not hard to read between the lines.

I also do wonder if the Netherlands knows anything more about CozyBear/FancyBear and the 2016 election than they've let on. ( https://www.aspistrategist.org.au/rare-insight-cyber-espiona... )

Re: Netherlands pulls gold out of the US

#167

Post by retired »

paradoxyl wrote: post #142
wazoox wrote: post #9

Earlier quoted context omitted.

England is definitely a European country. I'm tired of people constantly making this political abuse of language of conflating "the EU" with "Europe". (And yes, saying "America" for "US of A" annoys me too. First step towards losing an imperialist state of mind is letting people from Canada and Brazil be in America).

The pedantry of being angry at the US for being the only country that actually has the word "America" in its name and yet calling itself American is almost comical in its ineptitude. Nobody shakes their metaphorical fist at the Central African Republic for daring to use Central African as its demonym. It's simply understood that the surrounding countries are also African, yet simply do not have the name of the contin…

England is a country that is part of the United Kingdom.

Re: Netherlands pulls gold out of the US

#168

Post by jandrewrogers »

wazoox wrote: post #9
ivolimmen wrote: post #2

I am dutch and read the news this week but I found it weird that a part of it went to England. I was expecting a European country.

England is definitely a European country. I'm tired of people constantly making this political abuse of language of conflating "the EU" with "Europe". (And yes, saying "America" for "US of A" annoys me too. First step towards losing an imperialist state of mind is letting people from Canada and Brazil be in America).

Americans are from the United States of America in the same way Mexicans are from the United States of Mexico.

When South Americans refer to Americans as "estadounidense" is that imperialist Mexico erasure? The USA is not the only "United States" in North America.

Re: Netherlands pulls gold out of the US

#169

Post by retired »

KaiserPro wrote: post #154
ArtTimeInvestor wrote: post #24

How is the situation with Bitcoin? Do Europeans have options to hold Bitcoin in ETFs, ETPs etc that are not storing the coins in the USA?

> Bitcoin in ETF yes, but why would you want to? The only thing you would gain is instant trade settling (assuming the exchange is open) I know it sounds like europe is a financial backwater, but we have all the things the US has, apart from the capitalisation.

When I was still in The Netherlands I could invest my pension in stocks, obligations, ETFs or park it as cash.

I couldn't invest it in Bitcoin directly. It had to be on a special blocked account at a broker to ensure I couldn't touch it till my 73rd birthday.

Re: Netherlands pulls gold out of the US

#170

Post by nradov »

Wololooo wrote: post #130
_mitterpach wrote: post #129

Earlier quoted context omitted.

Wouldn’t that necessarily mean that if the US keeps making enemies of allies, then the premium required for these countries to give US money would be higher? Sure, I’ll lend you some, but I don’t trust you that much, you’ll have to pay me more.

Go further with your reasoning... Why would anyone lend the US more...

There is no alternative.
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