France quietly withdrew every ounce of its gold from the Federal Reserve Bank of New York between July 2025 and January 2026. One hundred and twenty-nine tonnes. football matches today Roughly $15 billion. Shipped to Paris without a press conference. Canada announced a $25 billion sovereign wealth fund to reduce dependence on the United States. Ships are transiting the Strait of Hormuz by paying tolls to Iran in Chinese yuan. Deutsche Bank published a note predicting the rise of the petroyuan. The dollar's share of global reserves has fallen from 71 percent in 1999 to 57 percent today, a 25-year low. The U.S. national debt crossed $39 trillion on March 18th. The Treasury must borrow $2 trillion this year.
Oil hit $125 per barrel last week. Gas reached $4.45. The Strait of Hormuz remains blocked after more than two months. The U.S. Navy has been obama toronto unable to reopen it. Iran is charging over $1 million per ship in tolls. All three credit rating agencies have downgraded the United States. Consumer sentiment hit the lowest level plug stock in 75 years of measurement. The IMF warned of global recession. And Richard Wolff said these are the mistakes a declining empire makes. The American empire is done. And this week just proved it.
