Spyke

Well, I'm sure someone is about to at least. Make sure to pat him and his entourage down as they leave.

86

"I want to see if the gold is there, which I’m sure it will be.”

Just more of the same 24/7 bullshit.

61
sh.itjust.works

Even putting aside the more outlandish (not "implausible", just outlandish) theories about what Trump might be up to here, this is an objectively insane thing for an American president to say. He just announced to the world that ~$700bn of the US cash reserves are stored in a location that is not secure enough to prevent theft. At a time when the US debt to GDP is already skyrocketing and foreign lenders are getting increasingly concerned about America's ability to make good on their debts. Is he trying to engineer a bond market crisis? Because this is the sort of thing you'd do if you were.

48
LavaPlanetreply
sh.itjust.works

Imagine if you were trying to take down the US. All you would need to do is whisper the right things in his ear. But I'm sure that's not what's happening.

15
lemmy.world

Imagine if you were trying to take down the US, and you decided to do anything at all differently from what he has done. The shame of the inefficiency would be too much.

4

Imagine if you’d raped a bunch of children and you were running out of ways to distract the world from the distractions you’d already tried. Crashing the whole world economy makes sense in the “if I can’t have it, nobody can” toddler brain that he’s working with at this point.

5
feddit.nl

He does this all the time

He sells a bunch of stuff, crashes the market, then he buys a bunch of it back super cheap. Then, he announces something that makes the price stabilize, and he sells. Repeat.

It's how he used the presidency to jump from millionaire to billionaire

12
zqpsreply
sh.itjust.works

Not to forget about the crypto scams, presidential merchandise, obvious corruption, polymarket bullshit... to name only a handful.

4
Jarixreply
lemmy.world

Not just US Bullion, other countries store their bullion there too. I believe France already removed it's holdings or was in the process of

7
sopuli.xyz

IIRC they sold it in situ and bought gold at home from the proceeds, so that they didn't have to call the US bluff.

7
Jarixreply
lemmy.world

Thanks for the clarification. I hadn't followed up on whether it was in progress or not. Much appreciated

1

It's not about theft but "creative" accounting to multiply the reserves on paper. This should never be done on the gold reserves, but history have seen bigger scams than that.

3
lemmy.world

He's looking for any excuse to get in there so he can walk out with some of the gold.

Fuck knows what he'll do with it, given his obsession with that precious metal. Shave bits off and put it on his hamberders; melt it and create a gold crown with built-in toupee; create yet another fucking statue to himself or another gold toilet to shit in; store it in his Mar A Lago bathroom like it's some sort of classified info; use it for his stupid ball room; jizz all over it.

41
Slashmereply
lemmy.world

Anyone who's ever seen molten gold knows that this is an incredibly bad representation. It glows bright yellow/orange. It doesn't look like the gold paint they're pouring here.

2

This was probably an artistic choice to make it look like gold rather than any molten metal to the average watcher.

1
lemmus.org

Considering that the average gold bar used by banks is around 12kg, he's going to need someone to help him to carry those out.

20

To be fair I want to see someone steal gold bars. I think it would be hilarious to see someone trying to drag a bag with ten bars in it, torn between not wanting to leave any of it behind and not being able to get the bag to move.

3

No, he will follow the pattern of buying calls on gold beforehand, then detonating a nuke in Ft. Knox so the gold supply is irradiated, making the value of his gold skyrocket.

This was in a movie once. I think it was called “The President That Couldn’t Slow Down”

10

He’ll want to hold an event at Mar-a-lago with a giant stack of gold. Then the stack disappears. The Supreme Court then says that since he stole it as the president it is legal.

7
lemmy.zip

“Well, looks like “they” stole it. Such a shame. Nothing else to see here.” -Trump

35

Treasury Secretary Steve Mnuchin and Senate Majority Leader Mitch McConnell visited in August 2017 during Trump's first term.

There was also a bunch of chatter about Musk visiting about a year ago, but that never happened.

So we're just in a loop of making shit up.

Sure, technically it's been ~9 years since someone in the Trump administration has publicly been there, but Trump's current Treasury Secretary Scott Bessent also agrees that all the money is there and regularly audited.

I know we all know it's bullshit, but I wanted to add some facts to the conversation.

(And yes, there is some irony in the source of the facts being Trump's various Treasury Secretaries.)

33
nickiwestreply
lemmy.world

Any time he says "People are saying," ... it's him. He thinks he's people.

Seriously, every accusation is a confession with these people. He's hoping they give him some gold to take home as a souvenir.

30

He's hoping they give him some gold to take home as a souvenir.

He already thinks that it's all his, and he'll want it all.

6

He wants to know how much he can steal, or/and use to gild everything he’s going to remodel at mar a lago and the White House.

8
lemmy.ca

Trump is a thief so he thinks that everyone is a thief. Plus, I think trump did away with that Fort Knox gold a while ago so I look forward to his "surprised" face, to judge his acting skills.

21

That gold hasn't been there since the 70s at least. We moved it all to a less well known location. Trump wasn't involved, or else he would have stolen it all.

12

they steal a lot

(In a singing commercial jingle voice) Every accusation is a confeeeeeeeesion

21

I called this out during the DOGE days. Elon was tweeting about it, and I was like watch, they're gonna "audit" it and find it's magically all gone

18

"We have found hundreds of billions of dollars of fraud so far, and we’ve just started,” Trump said

He meant to say “We have done hundreds of billions of dollars of fraud so far”

15

All that gold sitting around without a ballroom, anything could happen!

13

From what I understand, Fort Knox having gold is just used to distract from it really being underneath a building in a secure complex in New York. If it has some it's miniscule to what was there in say the 1950s.

12

Your understanding is correct.

Fort Knox holds about 4.6 thousand metric tons; the Federal Reserve in NY has about 6 thousand.

You can take a tour if you're there. They put the gold in the basement, directly on the bedrock because it's too expensive to build floors strong enough to hold it. You go down a security elevator and end up in a trap with the most intense locking mechanism you will ever encounter.

That said, the vast majority of what the Fed does, isn't in gold. Their daily cash transactions dwarf the total amount of physical gold

17
lemmy.world

This is correct. We don't store the US's gold there. We do store some valuable stuff like the crown jewels of either Denmark or the Netherlands there, but theft from Fort Knox would be all but impossible. I'm not gonna say that Ethan Hunt couldn't do it, but knowing what the security system entails there, it would take an Ethan Hunt, or Jason Borne, to pull it off.

9
lemmy.today

He wants to swim in the ingots like Scrooge McDuck! "Splash me boys!"...."with pleasure!"

7
sh.itjust.works

...I mean, if he wants to try jumping into a giant pit of gold Scrooge McDuck style I'm fully in favor of him giving it a go.

10
altphotoreply
lemmy.today

Exactly! C'mon! And if he wants a splash, there's plenty who would jump at the idea of a bucket full of gold bricks and a chance to splash with it. I'm sure. For a friend. Not me, I'm not like that.

4
lemmy.world

The doddering donald couldn't find his own ass with two hands and a flashlight. Not sure what he thinks he is going to check on.

6
Typhoonreply
lemmy.ca

He's going to steal it. Saying "they steal a lot" is starting the narrative to cover his own theft.

15
lemmy.cafe

People are always the most suspicious of the behavior they are most capable of. A cheater thinks everyone is cheating on them, a thief thinks everyone is stealing from them. They rationalize to themselves that they are only stealing because everyone else is doing it, so they need to do it, too, just to keep it even.

He wants to see the gold, because he wants to steal it himself. I guarantee that he's going to determine that the security of the gold is lacking, so HE will take possession of it for good keeping. It will be safer with him.

7

The bathroom at Mar-a-Lago is more secure than Fort Knox

3

This motherfucker has that scheme to have everyone in the United States give him money, and continue to give him money, via their cryptocrime/stablecoin.

If he can steal gold on top of that and no one has the balls to stop him, he'll do it.

The guy has already enriched himself and his family to the tune of BILLIONS just in the 15 months he's been in office. No way anyone "earns" that kind of money legitimately, and certainly not in that kind of timeframe.

2

I wonder if they still have the gold they are storing for other nations...

And how much gold Trump will take from Fort Knox to outfit his "ballroom" with life sized massive golden statues of himself.

3

Klutzo and Snort would end up trapped by a door that opens outward, not inward.

3
aussie.zone

In the far future, disinformation machines will confuse Gert Fröbes character from Goldfinger with him.

2
DagwoodIIIreply
piefed.social

Don't be silly.

Goldfinger was a bald billionaire who was obsessed with gold; who cheated at golf; who was buddies with a sinister Korean; who wanted to destroy the US economy to make himself richer.

Trump isn't technically bald.

10
dhorkreply
lemmy.world

Yeah, don't ever call Trump bald. If he catches you doing that, there'll be hell toupee....

8