Not saying it's right or sound that he's the elected leader of the country or that our politics is so warped... I mean, I blame it on being on the losing end of the most rigorously fought information war in history.
But I believe you can relax, because this is all nonsense.
FWIW, the American people can't even support a war against the Islamic Republic of Iran, which has been blowing up our soldiers for decades. Hard to imagine they'd show much support for invading an ally.
Also to note, why was the US trusted before? I think it's a heritage from the Marshall plan: The US saved us twice from Germany, therefore we owe them our nations and storing our gold there won't change much. A century later, it does.
I'd rephrase the question as: Would you trust your parents? In childhood years probably, because you owe them your education anyway.
So if the USA declares "ownership be damned", it would be a net win for the USA.
Or in simpler terms: The USA has been giving out IOUs for real goods for decades. It is now tempting to default on those IOUs. They did it before. Up until 1971, a dollar certified a claim to gold. Then the USA simply canceled that promise.
The current ramp up to AI dominance might be what holds the USA back from breaking more ties with the world. But when the whole world is operated by US and Chinese AI factories things might look very different. When every task around the world is performed by US AI, just like every computer is run by US software now - there might be little incentive left to "pay the rent" for the rest of the world that now sits around idle, fiddling their thumbs.
And the US owes trillions.
The dangerous situation we are in is that the US is berating and betraying its closest historical allies, eroding its credibility and soft power, and weakening its leverage at a time when threats to the Western order that has existing since the end of WW2 are growing rapidly.
Incidentally, the orange man in charge loves to tout "deals" in which foreign countries agree to invest substantial sums in the US, so any actions that lead foreign countries to believe their investments might be nationalized Banana Republic-style won't help the administration's efforts to attract investment and onshoring.
Norway's Oil Fund Proposes Selling Roughly $80B in U.S. Treasurys
https://news.ycombinator.com/item?id=49564189
Dutch central bank moves share of gold from U.S., Canada to London
Would you keep your food or car in someone else's garage?
grey-area•29m ago