President Donald Trump on Monday said he has fired Federal Reserve Governor Lisa Cook, according to a letter addressed to her posted on his social media — the first instance of a president firing a central bank governor in the central bank’s 111-year history.
I wonder how long until other nations loose confidence in the dollar because of moves like this. How long until everyone pulls their gold from fort Knox? Are they trying to purposely destabilize the dollar for their crypto?
AI Overview
+7
While the US has gold reserves at the Fort Knox facility, the countries demanding to take back their gold from the United States are primarily European nations like Germany, Austria, the Netherlands, Hungary, and Turkey, as well as India. They seek to repatriate their gold reserves from the US, with concerns about third-party risks, geopolitical turbulence, and a desire to keep their gold on their own soil for security reasons.
The tipping point will be when OPEC replaces the petrodollar. The USD will weaken more and more over the next 6-24 months, and trump will piss off OPEC with warmongering, and they’ll turn to the petroeuro or petroyuan, and trump will lash out and attempt unwinnable wars while the economy is in freefall.
Or we’ll form our own OPEC to compete, and we’ll deal with Russia attempting to invade Alaska. And we’ll sell so much oil that Americans won’t have any left for us, so we’ll be one of those broke petrostates that the right makes fun of all the time.
Or he’ll die before that all can happen.
If Vance weren’t a couchfucking coward, he’d 25th amendment and… destroy the country a little more slowly. Yeah, I don’t really see a stable way out of this one.
Didn’t Germany try to get their gold out in the last decade and it want there. Or something like that. I don’t get it why would another country trust America to store it.
I wonder how long until other nations loose confidence in the dollar because of moves like this. How long until everyone pulls their gold from fort Knox? Are they trying to purposely destabilize the dollar for their crypto?
https://abcnews.go.com/Politics/trump-musk-raise-questions-nations-gold-fort-knox/story?id=119219700
AI Overview +7 While the US has gold reserves at the Fort Knox facility, the countries demanding to take back their gold from the United States are primarily European nations like Germany, Austria, the Netherlands, Hungary, and Turkey, as well as India. They seek to repatriate their gold reserves from the US, with concerns about third-party risks, geopolitical turbulence, and a desire to keep their gold on their own soil for security reasons.
The tipping point will be when OPEC replaces the petrodollar. The USD will weaken more and more over the next 6-24 months, and trump will piss off OPEC with warmongering, and they’ll turn to the petroeuro or petroyuan, and trump will lash out and attempt unwinnable wars while the economy is in freefall.
Or we’ll form our own OPEC to compete, and we’ll deal with Russia attempting to invade Alaska. And we’ll sell so much oil that Americans won’t have any left for us, so we’ll be one of those broke petrostates that the right makes fun of all the time.
Or he’ll die before that all can happen.
If Vance weren’t a couchfucking coward, he’d 25th amendment and… destroy the country a little more slowly. Yeah, I don’t really see a stable way out of this one.
Didn’t Germany try to get their gold out in the last decade and it want there. Or something like that. I don’t get it why would another country trust America to store it.