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Australia sold it's emergency fuel stockpile capacity to the USA

So in theory Trump can refuse to give Australia any emergency fuel supply and use it like a defacto ransom demand
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whowasthatmaskedman · 70-79, M
Why not? They sold off the gold bullion belonging to foreign countries, entrusted for safe keeping with America . And left IOUs in its place..😷
RachelLia2003 · 22-25, F
@whowasthatmaskedman come here👹 give all of your petrol👹
whowasthatmaskedman · 70-79, M
@RachelLia2003 And what have you done for me lately?😷
RachelLia2003 · 22-25, F
@whowasthatmaskedman i will protect you from new zealand👹 give me your petrol👹
pdockal · 56-60, M
@whowasthatmaskedman

There is no credible, public evidence that the U.S. government has sold off gold bullion explicitly owned by other countries and held in U.S. vaults. However, concerns regarding the security, accessibility, and potential freezing of foreign gold reserves—particularly following the U.S.-led seizure of Russian assets—have led countries like Germany, Italy, and the Netherlands to repatriate large portions of their gold
zonavar68 · 56-60, M
@pdockal Gold will eventually have no value when it becomes a worthless commodity.
whowasthatmaskedman · 70-79, M
@pdockal There is no concrete evidence I agree. However, circumstantial evidence exists in the form of a request from Germany to repatriate over 650 tons of its gold, which resulted in delays in delivery that stretched out into years, before is was finally shipped in parts. Implying the possibility that the gold wasnt actually there. Now can see why, if the gold was unavailable, the whole world would have an interest in not having that known. The other interesting point is that with the delay the germans face, no one else has asked for any of their gold back since. The implication being that no other government wished to crash the American economy overnight, which publicising this would surely do..
The fact remains, even if the gold is in fort knox and the federal reserve, there are orders of magnitude in Gold certificates on issue more than there is actual Gold. So in a collapse, a gold certificate is just a piece of worthless paper.. Just like a paper $😷
whowasthatmaskedman · 70-79, M
@zonavar68 If what you say about gold having no value becomes true, we will be in a purely barter economy. Drinking water for eggs and that kind of thing..😷