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French central bank nets €13bn by pulling gold out of US reserves (www.rfi.fr)
submitted 1 month ago by to c/boycottus@lemmy.ca
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[–] 32 points 1 month ago (5 children)

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

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  • [–] 17 points 1 month ago (4 children)

    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.

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  • [–] 5 points 1 month ago (3 children)

    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

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  • [–] 7 points 1 month ago (2 children)

    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.

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  • [–] 3 points 1 month ago (1 child)

    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

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