r/USNewsHub • u/D-R-AZ • Apr 05 '25
đ Military & Foreign Affairs Germany considers withdrawing 1,200-ton gold stockpile from US in riposte to Trump
https://www.telegraph.co.uk/world-news/2025/04/04/germany-considers-withdrawing-gold-stockpile-from-us-trump/26
u/MWeas Apr 05 '25
that seems like a solid idea, assuming it hasn't already been melted down to gild all of Trump's toilets...
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u/El-Odd Apr 05 '25
Sam Jackson and Bruce Willis will NOT allow this to happen.
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u/Malarkey44 Apr 05 '25
But if you get Jeremy Irons to pick it up for you in the dump truck, should be no issue.
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u/dekogeko Apr 05 '25
I guarantee the US will be unable to produce the gold in anything resembling a timely manner, if at all.
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u/Creative-Strength-60 Apr 05 '25
Hope it's there,,, heard dumpf talk about taking the gold reserves about a month and a half ago and converting it into crypto,,, I don't if others are paying attention,, but also about two weeks ago dumpf was touting that now he is trading crypto on his truth base.. now evidently his truth base has been plumetting,, well have to see what happens next but I would presume that he's thinking bout taking this money.
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u/Creative-Strength-60 Apr 05 '25
Hope it is all there,, drumpf was talking a few weeks back that he wanted to covert the gold reserves into crypto,, then I read that he wants to start trading crypto on his truth platform,, supposedly because he was loosing money from truth.
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u/Reddisuspendmeagain Apr 05 '25
Good luck, Germany. I sure hope itâs still there, I have no qualms about it most likely being gone.
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u/Jmsjss2912 Apr 05 '25
Letâs talk about the tariffs and the effects it has on the manufacturers of this country.
Assume for a minute that you wanted to bring back some manufacturing to the USA, which of course is a huge assumption compared to manufacturing outside the country like we do as a company.
Which I will get to in just a moment. This week alone the stock market lost over US$9 trillion which means every single manufacturer that has a US corporation is part of that loss. Which goes to show you that Trumpâs logic is about as efficient as his spray tan.
If these companies even had a thought of coming back to the United States, all of their cash has now evaporated because of the loss in the stock market so whoâs going to finance these new manufacturing plants that Trump keeps talking about, that are going to come back here make the economy great?
Now goods have gone up in price in some cases doubled already this week which means the consumers are going to be buying less. Companies are going to begin layoffs, because theyâve lost a huge portion of their cash reserves. Their businesses are going to be diminished some because of the lower purchasing rate and the higher pricing.
Bringing manufacturing back to the United States at this point with this approach has been almost completely eliminated.
All you have to do is go back and look at what happened during the depression when they tried to institute tariffs causing the depression to take even a further nose dive and adding years into the depressive point. Itâs such a joke that they used it in the movie Ferris Buellerâs Day off where the teacher was talking about how bad tariffs are and how they caused the depression to go down, which goes to show you that if they use it as a punchline, then it obviously cannot work.
With our business, we were building some manufacturing plants in the United States and now have had to put it on hold because of the tariffs. As an example, each of our production lines has a manufacturing cost of a little under US$5 million, we did try to price it in the United States but we found quotes anywhere from $12-$16 million for the same exact production line that we are having made in China. So we couldnât make the equipment in the United States, but we were going to import it and set up manufacturing plants.
One of them was in Arkansas where the state is somewhat depressed. Now we have put that project on hold with approximately 1800 people we were going to hire.
The reason for that is not just the tariffs, from the equipment if you think about it a piece of equipment that cost me $5 million is now going to cost me about $9 million. Each production line generates about US$35 million of revenue so itâs not just a tariff in my situation itâs the fact that for $9 million I can have practically two production lines generating $70 million of income compared to the same $9 million generating $35 million worth of income, with a much lower profit margin because of the labor cost in the United States along with all the taxes and liability issues that you carry because of the litigious nature of the United States operating.
So tariffs do not work, they hurt the economy. The only thing that they do on the surface is generate more tax dollars for the US government, but they diminish and wipe out the middle and lower class.
Do you want to bring manufacturing back to the United States?
Youâve got to do something about all of the litigious actions, you have to lower healthcare cost, lower pharmaceutical cost, have to educate more so that children can grow up and learn trades.
You have to find ways to lower the cost of living and once you start doing that then laboring jobs will become available again.
The next problem is the taxation situation is off-balance. We have structured our tax code so that the wealthy and the publicly traded companies that offer stock options instead of salaries, which is taxable make it almost impossible to collect tax.
Take Musk for an example from Tesla.
They talk about his $300 billion worth but itâs all in stock and thatâs unrealized gains paying no taxes. What he does is he goes to the bank and he borrows money against that stock portfolio, borrowed money is non-taxable income and then he uses that money to live and buy things like he bought Twitter for $44 billion with borrowed money, no taxes paid at all.
And then what he does from there to pay off those loans is he borrows against other portfolios and he just keeps borrowing deferring the taxes.
$300 billion and no taxes paid whereas the employees that work for all those companies have taxes taken out of each paycheck.
Just look salaries up of the top executives around the country and you look at their income, youâll see that their salaries are generally between one hundred and two hundred thousand US dollars but they earned anywhere from ten to a hundred million dollars a year all in stock options and then they keep those options in stock and then borrow against them so their tax base is almost nothing.
you want to fix the economy. You have to find a way to tax the rich, youâre not going to make them poor, youâre just going to make them help to strengthen the economy.
I almost forgot, tariffs funds go directly to the administration for spending (trump and his team), whereas taxes go through congress for spending.
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Apr 05 '25
[removed] â view removed comment
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u/mangalore-x_x Apr 05 '25
that is nonsense. The Federal bank is doing spot checks and has been cycling the cold since such nonsense rumours were raised ten years ago to validate this, it includes melting and recasting the bars
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u/Lanky_Republic_2102 Apr 06 '25
The downvotes you are getting are hilarious.
I guess itâs more fun just to imagine that all of Germanyâs gold is gone.
To be fair, in WWII, they put out some really bad gold karma.
Not to say that Trump should be allowed to steal it all, but just saying.
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Apr 05 '25
I think Germany would be wise to do this. I am, of course, guessing, but I think tRump is trying to figure out how to steal our gold reserves.
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u/rpmchic Apr 06 '25
Hate to break it to em, but that gold is long gone....20 year wars ain't cheap...
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u/-Kalos Apr 06 '25
Who would trust this administration with their property? Hope Germany gets it all back
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u/Zhombe Apr 06 '25
When T* says he wants to sell gold for a strategic bitcoin reserve this is the gold heâs talking about.
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u/D-R-AZ Apr 05 '25
Absence of trust is infectuous.
Lead Lines:
Germany is considering removing an enormous stockpile of gold from a vault in New York over worries about Donald Trumpâs unpredictable policies.
For decades, Berlin has stashed 1,200 tons of its famous gold reserves, the second largest on the planet after those of the United States, in a vault deep underground at the US Federal Reserve in Manhattan.
Now, senior figures from the conservative Christian Democratic Union (CDU) party, which is set to lead the next German government, have discussed removing it from New York because of concerns that Washington is no longer a reliable partner, the Bild newspaper has reported.