After the Iran incident, whether the US won or not is another matter, but Trump may have lost badly, putting himself in a difficult situation of internal and external troubles. European allies began to take advantage of the situation: preparing to move the gold stored in the US "away".

On this side, the Middle East situation has completely gone out of control due to the US military intervention. After the US air strikes on Iranian nuclear facilities, US legislators quickly raised the "sword of impeachment", directly pointing the finger at Trump who ordered the attack on Iran.

Legislators accused him of "dragging the country into an unnecessary war" and "endangering the safety of overseas US troops". Behind it were intense factional struggles, with Democrats trying to use this opportunity to strike Trump, while some Republican legislators also worried that the expansion of the war would harm their political interests.

Interestingly, after the Iranian supreme leader's advisor publicly called for blockading the Strait of Hormuz, Trump sent his close associate to China to ask China to persuade Iran.

For this, the Chinese Foreign Ministry has clearly stated that it will not comment on hypothetical issues, and called on all parties to focus on peace and stability, meaning that China did not respond, and the US plan to drag China into the mess failed.

On the other hand, the "taking advantage of the situation" by European allies greatly surprised Trump. The UK Financial Times released a report on June 23: Germany, Italy and other countries are now strongly calling for "moving gold", preparing to bring back the gold reserves stored in the US.

As the second and third largest holders of gold reserves globally, Germany and Italy have more than one-third of their gold bars stored in the New York Federal Reserve Bank.

The "gold defense battle" reflects the collapse of trust in the US by European countries. Since Trump returned to power, he has continuously attacked the Federal Reserve, becoming a "time bomb" for the global financial market.

He repeatedly publicly threatened to demand the Federal Reserve to significantly cut interest rates to stimulate the economy. This interference with the independence of financial institutions makes international market participants worry.

After all, the actions of the Federal Reserve affect the global economic lifeline, yet it has become a tool for political games. Who can guarantee that the next victim will not be Europe?

Global central bank gold reserves

Gold, as the "ballast" of national wealth, has always played a special role in the global economic system. Therefore, European countries have had to re-examine their strategies for gold reserves, and increasingly feel that keeping gold at home is safer.

After all, no one knows what the US might do in the future under Trump's unpredictable policies. If one day, the gold stored in the US is used as a "political chip", the country's financial security would face great threats.

Moreover, Trump's capricious trade policies have made European companies suffer. One day, suddenly imposing tariffs, and the next day canceling them without warning.

It is worth noting that Russia's gold reserves have been frozen before, which has become a "psychological shadow" for European countries.

Looking deeper, the re-evaluation of gold reserves by European countries is essentially a profound doubt about the credibility of the US and the stability of the global financial system.

Now, the chaos of domestic politics in the US and the dual impact of foreign military adventures have made European countries realize that storing large amounts of gold reserves in the US, the so-called "safe box", may not be safe.

Gold, as an important symbol of national wealth, can only give more confidence in the changing international situation when held in one's own hands. The call for "moving gold" from Europe reflects the subtle changes in the relationship between the US and its European allies.

Previously, Europe was deeply dependent on the US for security and economy, but Trump once again proved with concrete actions that the so-called alliance relationships are just tools for the US to achieve its own interests.

When the US can freeze Russian gold for its own interests, when the Federal Reserve can be arbitrarily controlled by the president, and when there is geopolitical turmoil, European countries gradually realized: rather than betting their financial security on the fickle US, it is better to retrieve the gold and grasp economic sovereignty. It is unknown whether they can get it back.

Original: https://www.toutiao.com/article/7519080672892289546/

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