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tristanj 32 minutes ago [-]
The American Service-Members' Protection Act of 2002, also known as the "Hague Invasion Act", gives the President of the U.S. legal authority to invade the Netherlands to free detained U.S. service members imprisoned by the International Criminal Court.
When you think about it, it's really quite a remarkable state of affairs for a nation to trust another nation so implicitly they give it physical control of (a non-trivial portion of) their treasury, in a sense. And now that is coming unravelled. Another marker of human civilization's slow deteroriation. I remember a time when I thought things would only keep getting better and better with advances in technology and information sharing.... how naive I was.
bspammer 24 minutes ago [-]
They’re not moving it to the Netherlands. There’s still plenty of countries that the Dutch trust, but the US no longer seems to be on that list.
mullingitover 2 minutes ago [-]
They still keep gold with the New York Fed, this was just a rebalance:
> Before the deployment, the Dutch bank held 31.3% of its gold in New York and 19.7% in Ottawa.
> After the move, each country accounted for 18.5% of the Dutch gold reserve.
matheusmoreira 40 minutes ago [-]
It's honestly quite impressive that it took them this long to do this.
riffraff 30 minutes ago [-]
Italy is the third country with the largest gold reserves since the 50s or so, and most of their gold is in the US.
The idea of repatriating it comes up from time to time, but the truth is that it's s logistical and diplomatic trouble with little positive outcomes.
grebc 21 minutes ago [-]
I don't think the US is a serious position to argue diplomatic issues atm.
I'd vote for it if I was Italian.
anotherhue 32 minutes ago [-]
> The operation took place between March and August of this year, it said.
chvid 34 minutes ago [-]
You can also ask why they move it to London and not mainland Europe.
MiroslavPokorny 5 minutes ago [-]
England has not been invaded in nearly 1000 years.
eqvinox 35 minutes ago [-]
These systems AIUI have huge amounts of inertia, by design.
https://en.wikipedia.org/wiki/American_Service-Members%27_Pr...
> Before the deployment, the Dutch bank held 31.3% of its gold in New York and 19.7% in Ottawa.
> After the move, each country accounted for 18.5% of the Dutch gold reserve.
The idea of repatriating it comes up from time to time, but the truth is that it's s logistical and diplomatic trouble with little positive outcomes.
I'd vote for it if I was Italian.