Goodbye to automatic renewal the California DMV is changing forever and will require a written test to renew a driver s license, affecting thousands of drivers
Farewell to stress in just 10 minutes the morning habit that reduces anxiety and makes the happiest people in the world
PepsiCo is sued for scam PopCorners bags are half empty and thousands of customers demand compensation
Yes, Europe wants its gold returned. Europe has begun to question our nation’s stability. The United States has been protecting European gold for many years; yet, the US Federal Reserve now has thousands of tons of European gold. Governments like the Italian and German ones now want their gold returned. Why now? Due of their lack of confidence in Donald Trump’s mandate and his ability to exploit that gold—which is not his—as a political tool. Countries seek to reclaim their gold reserves in light of the three potential wars that could break out.
It appears that the calm before the storm is here, and European nations wish to protect their reserves before the first drops fall.
European gold under US custody
The first question that naturally arises is: why does the United States own Europe’s gold? We only need to consider our planet’s recent past, which shows that the 20th century wasn’t particularly stable. Since the Cold War, the United States has defended holding onto a portion of Europe’s gold reserves as a contingency measure (this had nothing to do with the potential to use it as a political weapon in the event of an emergency).
Italy holds 43 percent of its gold reserves in the United States, whilst Germany keeps about 37 percent.
And what happened?
There has been a decline in trust. Given the conflicts on the old continent, the precarious state of the financial market, and Donald Trump’s recent decisions to launch a war in the Arabian Gulf akin to the one in 2001, Europe has concluded that now is the ideal moment for European gold to return to its homeland.
The fear of Trump and political control of the Federal Reserve
European politicians are particularly concerned about Trump’s potential to politically control the Federal Reserve under his new mandate. We are really worried that Trump would undermine the Federal Reserve Bank’s independence, said Michael J. Ger, president of the Taxpayers Association of Europe (TAE).
The symbolic importance of gold
Since we currently utilize digital currency, it might not seem significant, but it still represents stability and economic might—especially in light of the war dilemma. Regaining control of it has therefore become crucial, both for independence and as a safeguard against future crises. Dependency on the United States is undesirable.
What if the gold isn t returned?
An unparalleled diplomatic crisis would result if the United States placed limits or refused to return the gold. That action might be interpreted by Germany and Italy as a breach of strategic trust, which would have an impact on both bilateral ties and the cooperative and trust-based framework of the global financial system. Therefore, no, we don’t find it convenient. We’ve already experienced too many historic events to start another conflict, don’t we?
The legacy of Nazi gold
This chapter, of course, also brings back the dead. Tons of German gold were shipped to the United States during World War II as part of the Marshall Plan and reconstruction agreements, according to declassified records. But not all of the gold has been found yet, and some of it is still the subject of conspiracy theories like the Nazi gold train.
What is the Nazi gold train?
After World War II, there is a rumor that the Nazis loaded a train with gold, diamonds, and artwork that had been taken during the war and then vanished in southwestern Poland as they escaped the Red Army in 1945. However, there is no proof that the train ever existed.
And Mussolini s gold?
However, under inexplicable circumstances, Mussolini’s gold also vanished. The dictator’s diamonds and bars, along with the renowned gold of Dongo, which he had with him when he was taken prisoner by partisans, were never found.
Changes in European monetary policy
There will soon be a shift in Europe’s geopolitical and monetary policies as they seek greater independence and independence from the US. A bird in the hand is worth two in the bush, as the adage goes, and alliances might dissolve at any time due to the world’s growing polarization.
