It is only by trade, interaction, and competition that a nation is able to keep up with its rivals...and improve its own citizens’ standards of living.
As for the gold situation, I DO NOT believe the US has the gold we claim to hold. It has never had a REAL audit. Every time someone tries to conduct an audit it is blocked by whatever administration is in power. If I were another country I would want my gold in my hands also!
Even that was not a full audit. Every term for 26 years Ron Paul tried to push thru an audit bill for a full audit and it was always blocked. Smells like a dead skunk to me.
Before 1853, Japan was under the Tokugawa shogunate, which enforced a strict isolationist policy known as Sakoku, limiting foreign influence and trade for over 200 years.
Characteristics of Sakoku
Limited Foreign Trade: Japan restricted trade primarily to the Dutch and Chinese, expelling most other foreigners.
Cultural Impact: The isolation led to a unique development of Japanese culture, free from significant foreign influence.
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Internal Stability: This period was marked by peace and stability within Japan, allowing for economic growth and cultural flourishing.
The Dutch indeed pulled some gold out of the USA, and also Canada, however leaving about 18% of their gold reserves with each of those countries. The gold removed from the Americas went to Holland, not London.
However, Dutch gold also went from Holland to London - a center of international trade in gold.
The gold sent to London, increased their London holdings to 32%, and it meets international standards, and so can be easily sold, if crisis requires. The Dutch retained 31% of their gold reserves in their own country.
The gold from the Americas is reported to be of a lesser standard.
I have no knowledge of why the Dutch would do such a swap; unless perhaps they intend to re-refine the gold from the Americas to a higher and more marketable standard.
In any case, they did not pull all their gold home, but left 36% on the far side of the Atlantic. For now.
The reasons given by the Dutch Central Bank - geopolitical unrest, etc - probably refer as much to the nearby war in Europe as to the chaotic global efforts of the USA. They weren't specific.
"It is only by trade and interaction that a nation is able to keep up with it rivals". You know, I think there are many, many other variables outside of trade that make a nation competitive and self-determining. Bill impleys, through his TDS brand of critical thinking, that Trump's tariff position in the international trade conflicts will somehow be part of the American demise. Tariffs are a tool that governments employ to normalize balance of trade, and in the case of Canada's Bombardier, where 50% of their product is sold in America, to increase American employment by requiring Bombardier to build its product in America. Hey guys that is just good power business. It is not for the timid but that is the nature of power economics. It is not surprising to me that Bill would find it offensive as a writer and pundit who has never engaged in international economics.
As for the gold situation, I DO NOT believe the US has the gold we claim to hold. It has never had a REAL audit. Every time someone tries to conduct an audit it is blocked by whatever administration is in power. If I were another country I would want my gold in my hands also!
Jim Marshall
...the last audit was in the 1950's!
Even that was not a full audit. Every term for 26 years Ron Paul tried to push thru an audit bill for a full audit and it was always blocked. Smells like a dead skunk to me.
Jim
From Ai:
Before 1853, Japan was under the Tokugawa shogunate, which enforced a strict isolationist policy known as Sakoku, limiting foreign influence and trade for over 200 years.
Characteristics of Sakoku
Limited Foreign Trade: Japan restricted trade primarily to the Dutch and Chinese, expelling most other foreigners.
Cultural Impact: The isolation led to a unique development of Japanese culture, free from significant foreign influence.
-
Internal Stability: This period was marked by peace and stability within Japan, allowing for economic growth and cultural flourishing.
This brief missive is a little misleading.
The Dutch indeed pulled some gold out of the USA, and also Canada, however leaving about 18% of their gold reserves with each of those countries. The gold removed from the Americas went to Holland, not London.
However, Dutch gold also went from Holland to London - a center of international trade in gold.
The gold sent to London, increased their London holdings to 32%, and it meets international standards, and so can be easily sold, if crisis requires. The Dutch retained 31% of their gold reserves in their own country.
The gold from the Americas is reported to be of a lesser standard.
I have no knowledge of why the Dutch would do such a swap; unless perhaps they intend to re-refine the gold from the Americas to a higher and more marketable standard.
In any case, they did not pull all their gold home, but left 36% on the far side of the Atlantic. For now.
The reasons given by the Dutch Central Bank - geopolitical unrest, etc - probably refer as much to the nearby war in Europe as to the chaotic global efforts of the USA. They weren't specific.
"It is only by trade and interaction that a nation is able to keep up with it rivals". You know, I think there are many, many other variables outside of trade that make a nation competitive and self-determining. Bill impleys, through his TDS brand of critical thinking, that Trump's tariff position in the international trade conflicts will somehow be part of the American demise. Tariffs are a tool that governments employ to normalize balance of trade, and in the case of Canada's Bombardier, where 50% of their product is sold in America, to increase American employment by requiring Bombardier to build its product in America. Hey guys that is just good power business. It is not for the timid but that is the nature of power economics. It is not surprising to me that Bill would find it offensive as a writer and pundit who has never engaged in international economics.