When USA stole assets from Cuba and Venezuela, nobody minded. After they stole from Russia, everybody eyes opened.
Russia is on the hook for a lot of damage done to Ukraine.
Netherlands pulls gold out of the US
191–200 of 282 posts
Re: Netherlands pulls gold out of the US
#192Earlier quoted context omitted.
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What do you mean for now? There is no other alternative in continental Europe due to language barrier
This post is weird. Finance people who work in Frankfurt and Amsterdam certainly speak English. Yes, they will also speak German, Dutch, and a variety of other langauges, but not speaking English is not the blocker here. I will also say that finance people in Paris under 40 are also (mostly) fluent in English. (Please don't bring up accent; no one in finance cares about your accent when speaking English; they care about your prices.)
Re: Netherlands pulls gold out of the US
#193Earlier 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...
The real answer to your question is the US bond market is an auction, and rates are going up and up, with some sketchy tactics being employed to try and keep them down.
What’s happening to US bonds has been compared to using a credit card to pay off your mortgage...
Re: Netherlands pulls gold out of the US
#194Earlier quoted context omitted.
You need to read 2.5 sentences into your link to see that it matches the headline of this thread: De Nederlandsche Bank (DNB) has improved the tradability of its gold reserves by transferring part of the gold holdings from New York and Ottawa to London. This ensures that DNB is better prepared for severe crises. In view of increasing geopolitical unrest, DNB is strengthening…
Right. But it doesn't say what kind of geopolitical unrest, and it draws a stark contrast to an article that is filled with all sorts of unproven guesses about it (guesses that are quoted as being "inherent").
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Re: Netherlands pulls gold out of the US
#195Earlier quoted context omitted.
July 2021 7,794 5,742 July 2026 7,812 5,755 Gold prices have exploded between these two dates. Am I missing something?
The US government value of gold is hard pegged to $42/oz since 1973. Off by a factor of about 100 from market prices.
What is the value of this? Clearly the US won't sell me gold for $42/oz or the arbitragers would own the country, and nobody will sell the US gold for that amount ... so what does the $42/oz "peg" actually mean?
Re: Netherlands pulls gold out of the US
#196Earlier quoted context omitted.
I thought it was Bitcoin.
That 40T$s will never be repaid. So what kind of monetary reset are we looking at? nonlinear as Luke says or gradual as Lyn says in the following video "We're Past The Point Of No Return" | Luke Gromen and Lyn Alden https://www.youtube.com/watch?v=xoAuuJyBg6E
> That 40T$s will never be repaid.
Yes, and? A while ago the UK government refinanced bonds from WW1, the South Sea Bubble, Napoleonic and Crimean wars:
* https://www.theguardian.com/business/blog/2014/oct/31/paying...
Has the UK really experienced any issues related to not ever paying back its debt? (IMHO, most of the UK's problems can probably be sourced back to Thatcherism and more recently Brexit.)
The only way for a country to repay its debt, versus refinancing it, is to run budget surpluses, which can work if done in a certain way, but most countries avoid for often good reasons:
* https://en.wikipedia.org/wiki/Austerity:_The_History_of_a_Da...
After reading her book, I can't take Lyn seriously.
Re: Netherlands pulls gold out of the US
#197Re: Netherlands pulls gold out of the US
#198Earlier quoted context omitted.
One of the smart moves the EU has performed is to bring all ideas of Europeanness and European identity and Europe as a continent under its exclusive umbrella. Even places like Switzerland are somehow now defined by their exclusion when you couldn’t get a more European country slap bang in the centre of the continent. Britain has always been an outlier due to being an island hanging off the edge, and is now a pariah…
is now a pariah and traitor state which will also be defined by abandonment and disloyalty to the EU project of total integration. Ugh, your concept of EU is closer to the USSR or maybe current Russia than to the actual EU. I sincerely hope that such nightmarish concept will never prevail over the relative sanity that we have now.
As a British person who was born in the EU and spent 35 years of their life as an EU citizen, the treatment of us since Brexit has felt like it. Naturally the standard comeback can be “yes but you all voted for Brexit this is your fault what did you expect” but I’m just reflecting what it has felt like and the difficulties thrown up towards people who even believed in the project of Europe who suddenly found that they were no longer a welcome part of it.
Re: Netherlands pulls gold out of the US
#199Earlier quoted context omitted.
But almost invariably in this context they mean "the continent" ie France, Spain, Italy and so on, probably not Scandi and not Ireland. So that's more like how people would say they're going "to the UK" when actually they're travelling to like the Isle of Man or even sometimes Jersey which are not in the UK but like sure, people who speak English live there, if some lunatics attacked them the military forces would wo…
The British Isles lie on the Eurasian tectonic plate, on the northwestern part of the European continental margin. Going to "the continent" is an incorrect expression. You are already on it. I'm being highly pedantic here.
Pedantic maybe, but technically correct.
Which we all know, is the best kind of correct.
Re: Netherlands pulls gold out of the US
#200The funny thing is that with $40T of public dept US is basically taking money from other countries (in exchange for a pice of paper saying IOU) and then using that money to force these countries to do what’s in US best interests (real or perceived). And the bigger that pile of debt is the more every government is invested in us not going bankrupt, hence the leverage just gets stronger. US is basically a private equit…
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.
That is exactly why the bond yields keep rising.