Even putting aside the more outlandish (not “implausible”, just outlandish) theories about what Trump might be up to here, this is an objectively insane thing for an American president to say. He just announced to the world that ~$700bn of the US cash reserves are stored in a location that is not secure enough to prevent theft. At a time when the US debt to GDP is already skyrocketing and foreign lenders are getting increasingly concerned about America’s ability to make good on their debts. Is he trying to engineer a bond market crisis? Because this is the sort of thing you’d do if you were.
He sells a bunch of stuff, crashes the market, then he buys a bunch of it back super cheap. Then, he announces something that makes the price stabilize, and he sells. Repeat.
It’s how he used the presidency to jump from millionaire to billionaire
Imagine if you were trying to take down the US. All you would need to do is whisper the right things in his ear. But I’m sure that’s not what’s happening.
Imagine if you were trying to take down the US, and you decided to do anything at all differently from what he has done. The shame of the inefficiency would be too much.
Imagine if you’d raped a bunch of children and you were running out of ways to distract the world from the distractions you’d already tried. Crashing the whole world economy makes sense in the “if I can’t have it, nobody can” toddler brain that he’s working with at this point.
It’s not about theft but “creative” accounting to multiply the reserves on paper. This should never be done on the gold reserves, but history have seen bigger scams than that.
Even putting aside the more outlandish (not “implausible”, just outlandish) theories about what Trump might be up to here, this is an objectively insane thing for an American president to say. He just announced to the world that ~$700bn of the US cash reserves are stored in a location that is not secure enough to prevent theft. At a time when the US debt to GDP is already skyrocketing and foreign lenders are getting increasingly concerned about America’s ability to make good on their debts. Is he trying to engineer a bond market crisis? Because this is the sort of thing you’d do if you were.
He does this all the time
He sells a bunch of stuff, crashes the market, then he buys a bunch of it back super cheap. Then, he announces something that makes the price stabilize, and he sells. Repeat.
It’s how he used the presidency to jump from millionaire to billionaire
Not to forget about the crypto scams, presidential merchandise, obvious corruption, polymarket bullshit… to name only a handful.
Bribes. Don’t forget the straight up BRIBES.
Imagine if you were trying to take down the US. All you would need to do is whisper the right things in his ear. But I’m sure that’s not what’s happening.
Imagine if you were trying to take down the US, and you decided to do anything at all differently from what he has done. The shame of the inefficiency would be too much.
Imagine if you’d raped a bunch of children and you were running out of ways to distract the world from the distractions you’d already tried. Crashing the whole world economy makes sense in the “if I can’t have it, nobody can” toddler brain that he’s working with at this point.
Fort Knox
Looks inside
„I O U $700bn“
Not just US Bullion, other countries store their bullion there too. I believe France already removed it’s holdings or was in the process of
IIRC they sold it in situ and bought gold at home from the proceeds, so that they didn’t have to call the US bluff.
Thanks for the clarification. I hadn’t followed up on whether it was in progress or not. Much appreciated
Yeah my source is a Lemmy comment so take that as you will
It’s not about theft but “creative” accounting to multiply the reserves on paper. This should never be done on the gold reserves, but history have seen bigger scams than that.