We know what’s coming and we are prepared.
🇩🇪🇺🇸 Where’s the gold? Germany’s conservatives sound the alarm over reserves in the US
Can the United States be trusted with Germany’s gold?
[S]ome politicians in Germany are worried that what was for decades seen as one of the world’s most reliable storehouses might not be so secure after all.
Germany holds the world’s second-largest gold reserves, and keeps 37 percent of them — some 1,236 metric tons, worth €113 billion — in the vaults of the New York Federal Reserve. Those holdings of precious metal guarantee that, should the need ever arise, the Bundesbank has access to something it can change into U.S. dollars (or any other hard currency).
The very idea that they might not be safe would have been considered ridiculous from 1945 ... until a couple of weeks ago. But the certainties of Germany’s postwar existence have been turned on their head and — as the recent scrapping of a notorious cap on public borrowing showed — the unthinkable is suddenly very thinkable indeed. All the more so given evidence of U.S. President Donald Trump’s willingness to push the limits of his powers and assert presidential primacy over the judicial system.
German tabloid Bild, owned by POLITICO parent company Axel Springer, reported on Thursday that outgoing Christian Democratic Union (CDU) lawmaker Marco Wanderwitz is one of those concerned.
Already in 2012, Wanderwitz had unsuccessfully requested to inspect the gold holdings as part of an effort to pressure the bank to either take a more active role as a custodian, or to repatriate it to Germany.
“Of course, the question now arises again,” Wanderwitz said in comments reported by Bild.
https://www.politico.eu/article/gold-germany-conservatives-sound-alarm-over-reserves-usa/
⚖️ 🇺🇸 🏛 He Who Decides the Exception: Trump Should Disregard the Supreme Court’s National Guard Ruling
⬛️ Judicial overreach mustn’t be permitted to trample the public necessity.
🔶️ The Supreme Court has again reminded the country that, in the American system, the judiciary can halt executive action with the stroke of a pen—this time keeping in place a lower-court order blocking President Trump’s attempt to federalize and deploy National Guard forces to protect besieged immigration enforcement operations in and around Chicago.
🔶️ The point was that a republic cannot outsource its highest political judgments to a tribunal without hollowing out self-government. Put those threads together—Cicero’s salus populi, Aquinas’ equity, Locke’s prerogative, Hamilton’s executive energy, Jefferson’s coordinate construction, Jackson’s independence, Lincoln’s warning—and you get a tradition that modern progressives and libertarians alike often deny ...
This is no longer a red-versus-blue spectator sport or partisan cheerleading exercise. The macro reality is brutally apolitical. The United States is functionally bankrupt, as Ron Paul has warned for decades, and the evidence is now manifesting in collapsing purchasing power. The price of acquiring real money—gold and silver—has surged roughly 200% in just two years, a silent tax that represents systemic looting via monetary debasement. We are drifting toward a sovereign debt crisis unprecedented in the entire history of fiat currency regimes. Even conservative frameworks, like Jim Rickards’ back-of-the-napkin gold revaluation tied to balance-sheet realities, imply a potential trajectory toward $27,000 per ounce. You don’t need to be a “gold bug” to recognize risk management: allocating even 10% of depreciating Federal Reserve notes into real money is simple capital preservation. It’s not about upside speculation—it’s about avoiding total annihilation if real money ...
