"The world order’s transformation to multipolarity is a work in progress with the variables at work, but its outcome will be largely determined by the alignment of the three big powers—the United States, Russia and China. Historically, the “triangle” appeared as the lid came off the Sino-Soviet schism in the 1960s and a ferocious public acrimony erupted between Moscow and Beijing, which prompted the Nixon administration to moot Henry Kissinger’s secret mission to Beijing to meet up face to face with Chairman Mao Zedong and Premier Zhou En-lai and, hopefully, work out a modus vivendii to jointly counter Russia."

What’s on Trump’s Mind

US Adjusts to Multipolarity As Trump Attempts Concord Between the US, Russia, and China

🧐 "Italy officially holds the third largest gold reserves in the world, with more than 2,450 tonnes, behind the United States and Germany. Estimated at nearly €300 billion — or about 13% of Italy's GDP — these reserves are listed on the Bank of Italy's balance sheet. About half of this treasure is kept on Italian territory, the other half in the United States, while a very small fraction is located in the United Kingdom and Switzerland. Last month, senators from the Fratelli d'Italia party, led by Giorgia Meloni, tabled an amendment to the 2026 draft budget aimed at enshrining in law that the gold reserves ‘belong to the State, on behalf of the Italian people’. The ECB reacted immediately. In a legal opinion published on 2 December, it called on the Italian authorities to reconsider the proposal, stressing the importance of preserving the independence of the Bank of Italy and noting that the exact purpose of the measure remained unclear."

Forum Geopolitica

Who owns the gold of the Banca d'Italia?

There remains some ambiguity over who truly owns the gold held by the Bank of Italy. For the European Central Bank, settling this issue would threa...

@Gowron View quoted note →