Perhaps as a symbolic gesture, this would have an impact. But how in the world would it make any difference whether German gold was entombed at their vault in the NY Fed, or at the Bundesbank in Frankfurt?
January 25, 2026 at 3:28 PM
Perhaps as a symbolic gesture, this would have an impact. But how in the world would it make any difference whether German gold was entombed at their vault in the NY Fed, or at the Bundesbank in Frankfurt?
How do you weaponize debt? If Europe stops buying US debt, it's bad for the US. If Europeans dump treasuries in a fire sale, they burn up their asset, with no cost to US. And if Trump decides to not pay back debts held by European sovereigns? This would be catastrophic for all, especially Europe.
January 21, 2026 at 2:29 PM
How do you weaponize debt? If Europe stops buying US debt, it's bad for the US. If Europeans dump treasuries in a fire sale, they burn up their asset, with no cost to US. And if Trump decides to not pay back debts held by European sovereigns? This would be catastrophic for all, especially Europe.
I'm not sure this idea is well thought out. If Europe stops buying US debt, this is bad for the US. And if the Trump treasury decides to not pay on debts held by European sovereigns? This would be catastrophic for everyone, especially Europe.
January 18, 2026 at 11:27 PM
I'm not sure this idea is well thought out. If Europe stops buying US debt, this is bad for the US. And if the Trump treasury decides to not pay on debts held by European sovereigns? This would be catastrophic for everyone, especially Europe.