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> I'm curious the reason why it was ever held in the US and Canada Random Educated Guess; Probably part of some show of mutual trust to cement a treaty or othe

> I'm curious the reason why it was ever held in the US and Canada Random Educated Guess; Probably part of some show of mutual trust to cement a treaty or other agreement, made way back when allied governments could mostly trust one another to hold to such agreements somewhat reliably?

ericmay 12d ago
Eh I don’t think that’s a good guess. More likely is that there are just mechanical reasons to have moved some (they didn’t move all of it by the way) gold to London. Plus it’s not that much money in the grand scheme of things. Your implication here is something akin to the Netherlands thinks the US will invade Canada - remember the Dutch moved gold from there too, or that the US will decide to seize the Netherland’s gold (again, not that much money, huge irreparable harm to the US financial system, even Europe hasn’t confiscated Russian assets) but if the US felt compelled to seize Dutch assets what makes you think such a dramatic scenario wouldn’t result in the US compelling the UK to also seize those assets?
- tialaramex 11d ago
  > dramatic scenario wouldn’t result in the US compelling the UK to also seize those assets? The US can demand that we seize other people's gold, but if we acceded then it's game over for our financial industry - London is an important financial centre today but if it's actually just New York but on the far side of the Atlantic who cares? My guess is that the UK would say "No" and since that's presumably a demand from the Orange Buffoon not somebody sane the next thing would be an order to attack us militarily, which is strikingly dumb in this circumstance. Of course the US can destroy Britain though it might not be as easy in practice as it looks on paper - but the bloodshed would be horrific and all the victims speak English and have Internet access. Bombing a girl's school in Iran looks like a PR master stroke by comparison.
  - ericmay 11d ago
    > Bombing a girl's school in Iran looks like a PR master stroke by comparison. Iran killed more than 30,000 of its own people for peacefully protesting and continues to hang its own citizens to this day. They (along with Hamas, Hezbollah, and more) intentionally set up military assets next to civilian facilities because they know we don’t intentionally strike civilian facilities and they tell you that themselves. Iran intentionally attacks civilians and civilian infrastructure and provides military support to Russia’s invasion of Ukraine. They should be attacked for providing support for Russia alone, let alone anything else they’ve been doing. Anyway back on topic > The US can demand that we seize other people's gold, but if we acceded then it's game over for our financial industry - London is an important financial centre today but if it's actually just New York but on the far side of the Atlantic who cares? The kind of scenarios envisioned in which the US seizes gold from the Netherlands are so catastrophic and crazy that requiring the UK to also seize said gold would seem to be not that big of a deal. You guys are driving yourself into psychosis about how the world works and creating nonsense scenarios like the US is somehow going to just seize a pathetic $80 billion in gold and completely ruin the credibility of its financial system when Europe won’t even seize Russian assets and it’s practically at war. This shows the kind of bar needed to seize sovereign wealth. And no, Trump can’t and isn’t dumb enough to start seizing assets of another country. If you think he can and he is, you’re wrong and it is further evidence that you’re just whipping yourself up into crazy land.
    - KaiserPro 11d ago
      Yes iran is a murderous regime, but thats not a get out of jail free for either failing to do logistics, plan for the enemy you face, or failing to properly vet your targets in a war of choice. > And no, Trump can’t and isn’t dumb enough to start seizing assets of another country. I mean Maduro would like a word. He literally kidnapped a world leader to gain access to a country's oil system. Then there is the agitation, visits and posturing to invade an ally's fucking land. Its not that difficult to imagine trump confiscating "foreign gold" to even up the "trade deficit". There are no effective controls on trump's actions. > completely ruin the credibility of its financial system Besent is doing a good job ruining that trying to shout at the bond market, and pissing about with the Yen. Then there is the attempts to yeet parts of the Fed it's self.

ericmay 12d ago

Eh I don’t think that’s a good guess. More likely is that there are just mechanical reasons to have moved some (they didn’t move all of it by the way) gold to London. Plus it’s not that much money in the grand scheme of things. Your implication here is something akin to the Netherlands thinks the US will invade Canada - remember the Dutch moved gold from there too, or that the US will decide to seize the Netherland’s gold (again, not that much money, huge irreparable harm to the US financial system, even Europe hasn’t confiscated Russian assets) but if the US felt compelled to seize Dutch assets what makes you think such a dramatic scenario wouldn’t result in the US compelling the UK to also seize those assets?

tialaramex 11d ago
> dramatic scenario wouldn’t result in the US compelling the UK to also seize those assets? The US can demand that we seize other people's gold, but if we acceded then it's game over for our financial industry - London is an important financial centre today but if it's actually just New York but on the far side of the Atlantic who cares? My guess is that the UK would say "No" and since that's presumably a demand from the Orange Buffoon not somebody sane the next thing would be an order to attack us militarily, which is strikingly dumb in this circumstance. Of course the US can destroy Britain though it might not be as easy in practice as it looks on paper - but the bloodshed would be horrific and all the victims speak English and have Internet access. Bombing a girl's school in Iran looks like a PR master stroke by comparison.
- ericmay 11d ago
  > Bombing a girl's school in Iran looks like a PR master stroke by comparison. Iran killed more than 30,000 of its own people for peacefully protesting and continues to hang its own citizens to this day. They (along with Hamas, Hezbollah, and more) intentionally set up military assets next to civilian facilities because they know we don’t intentionally strike civilian facilities and they tell you that themselves. Iran intentionally attacks civilians and civilian infrastructure and provides military support to Russia’s invasion of Ukraine. They should be attacked for providing support for Russia alone, let alone anything else they’ve been doing. Anyway back on topic > The US can demand that we seize other people's gold, but if we acceded then it's game over for our financial industry - London is an important financial centre today but if it's actually just New York but on the far side of the Atlantic who cares? The kind of scenarios envisioned in which the US seizes gold from the Netherlands are so catastrophic and crazy that requiring the UK to also seize said gold would seem to be not that big of a deal. You guys are driving yourself into psychosis about how the world works and creating nonsense scenarios like the US is somehow going to just seize a pathetic $80 billion in gold and completely ruin the credibility of its financial system when Europe won’t even seize Russian assets and it’s practically at war. This shows the kind of bar needed to seize sovereign wealth. And no, Trump can’t and isn’t dumb enough to start seizing assets of another country. If you think he can and he is, you’re wrong and it is further evidence that you’re just whipping yourself up into crazy land.
  - KaiserPro 11d ago
    Yes iran is a murderous regime, but thats not a get out of jail free for either failing to do logistics, plan for the enemy you face, or failing to properly vet your targets in a war of choice. > And no, Trump can’t and isn’t dumb enough to start seizing assets of another country. I mean Maduro would like a word. He literally kidnapped a world leader to gain access to a country's oil system. Then there is the agitation, visits and posturing to invade an ally's fucking land. Its not that difficult to imagine trump confiscating "foreign gold" to even up the "trade deficit". There are no effective controls on trump's actions. > completely ruin the credibility of its financial system Besent is doing a good job ruining that trying to shout at the bond market, and pissing about with the Yen. Then there is the attempts to yeet parts of the Fed it's self.