Europe Wants Its Gold Back: Germany, France, and Italy Push U.S. Amid Fears of Fed Manipulation and Global Unrest

PatriotR Daily News 07/02/25

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GLOBAL NEWS

Europe Wants Its Gold Back: Germany, France, and Italy Push U.S. Amid Fears of Fed Manipulation and Global Unrest

Amid rising geopolitical tensions and distrust in Donald Trump’s leadership, European nations like Germany, France, and Italy are pressuring the U.S. to return thousands of tons of gold held in custody at the Federal Reserve. Once stored in America for safekeeping during the Cold War, these reserves now symbolize sovereignty and stability. With fears that Trump could politicize the Federal Reserve and use foreign gold as leverage, European leaders are calling for repatriation before potential global conflict erupts. The situation is further charged by past controversies, including conspiracy theories surrounding Nazi and Mussolini-era gold. At stake is not just bullion—but the trust underpinning global financial cooperation. Read More.

ECONOMIC NEWS

Office Real Estate Crisis Deepens: CMBS Delinquencies Hit Record High, Surpassing 2008 Peak

The U.S. office sector just hit a grim milestone: the delinquency rate for office loans in commercial mortgage-backed securities (CMBS) surged to a record 11.1% in June—surpassing even the peak of the 2008 financial crisis. After a brief dip earlier this year, defaults are back on the rise, with $1.8 billion in new delinquencies last month alone. Major properties like a Los Angeles tower, FEMA’s HQ in D.C., and a 100-year-old Manhattan skyscraper joined the default list. Some troubled loans are being "cured" through legal maneuvers or loan extensions—but analysts say these are often just delay tactics. The crisis in office real estate is deepening, and this article explains how and why. Read Now.

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