SoylentNews is people
SoylentNews
https://www.truthdig.com/articles/goodbye-to-the-dollar/
The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency. Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead, in issues of international finance, trade, diplomacy and war. These nations are quietly dismantling the seven-decade-old alliance with the United States and building alternative systems of bilateral trade. This reconfiguring of the world’s financial system will be fatal to the American empire, as the historian Alfred McCoy and the economist Michael Hudson have long pointed out. It will trigger an economic death spiral, including high inflation, which will necessitate a massive military contraction overseas and plunge the United States into a prolonged depression. Trump, rather than make America great again, has turned out, unwittingly, to be the empire’s most aggressive gravedigger.
(Score: 3, Touché) by Thexalon on Tuesday February 05 2019, @03:01PM (3 children)
So you're saying the US Bullion Depository [wikipedia.org] at Fort Knox doesn't exist? I mean, anyone who's seen Goldfinger knows about that!
The only thing that stops a bad guy with a compiler is a good guy with a compiler.
(Score: 3, Informative) by ElizabethGreene on Tuesday February 05 2019, @08:46PM (2 children)
No, he's saying the Gold Vault in the New York Federal reserve bank https://www.newyorkfed.org/aboutthefed/goldvault.html [newyorkfed.org] doesn't exist. It's the one where foreign countries deposit bullion as foreign reserves. It is, as the great grandparent mentioned, the facility that our German friends decided to repatriate their gold from in 2017. https://www.kitco.com/news/2017-08-24/Germany-Gets-Its-Gold-Back-From-The-Fed-And-It-s-A-Big-Deal.html [kitco.com]
(Score: 2) by c0lo on Tuesday February 05 2019, @11:32PM (1 child)
So, you say where Simon Gruber failed, others succeeded?
Well, bound to happen, I guess. Bruce Willis is no longer what he used to be.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 3, Informative) by ElizabethGreene on Wednesday February 06 2019, @09:29PM
>So, you say where Simon Gruber failed, others succeeded?
Herr Gruber didn't want to take it back to Germany, they were going to buy a country.
There were some lively conspiracy theories that the German gold might already be gone in 2012-2013. The backstory is that Bundesbank asked the aforementioned reserve bank to help them repatriate the gold and the timeline estimate for repatriation was many years. It turned out that estimate was overly generous, and they finished in 2017 instead of 2020.