EU to Stockpile Critical Minerals Amid Rising Geopolitical Risks

Gesara.news » News » EU to Stockpile Critical Minerals Amid Rising Geopolitical Risks

Share via:

News Date: November 10, 2024

🏆 July 5, 2025: The European Union is preparing to stockpile critical minerals to guard against supply chain shocks caused by escalating global tensions, according to a draft document seen by the Financial Times. The move reflects growing concern over a "deteriorating risk landscape," disruptions.
The draft, expected to be published next week, highlights the lack of a unified strategy on essential goods and calls for stronger crisis preparedness. This follows the EU’s March strategy urging member states to build reserves of key resources and for citizens to maintain emergency supplies for at least 72 hours.
🥇 June 11, 2025: The European Central Bank confirms: gold has now surpassed the euro to become the second most important reserve asset held by central banks worldwide. As global trust shifts, gold is proving once again to be the ultimate safe haven.
November 10, 2024: Europe is reportedly advancing toward a gold standard, potentially making gold a central component of its financial system.
This shift aims to stabilize economies amid inflation concerns, currency volatility, and growing distrust in fiat currency.
Central banks, particularly in Europe, are increasing gold reserves, signaling a shift in monetary policy.
This development could have major implications for global finance, impacting both currency markets and investment strategies.
Source: Moneymetals

Trump plans troops global pullback

President Donald Trump may withdraw nearly all U.S. troops from Somalia as part of a global pullback that includes reductions of forces in Afghanistan and Iraq, U.S. officials said.
The officials, who spoke on condition of anonymity, said nothing had been finalized and that no orders for Somalia have been received by the U.S. military. But there appeared to be a growing expectation that drawdown orders would be coming soon.
Acting Defense Secretary Chris Miller issued a memo to the entire Defense Department that hinted of a coming U.S. withdrawal from Afghanistan.
Sources: www.breitbart.com, www.reuters.com

Reducing record debt, priority for Trump

White House says reducing record debt will be big second-term priority for Trump.
The accumulated debt is on track to surpass the size of the entire economy next year for the first time since World War II, and breach its all-time record in the coming years.
On the 2016 campaign trail, Trump promised to wipe out the nation's debt altogether over the course of his presidency.
Sources:thehill.com

Trump's objective is to abolish the IRS

February 25, 2025:
Doug O'Donnell, the acting head of the IRS, is set to announce his retirement amid significant disruptions at the agency. His departure follows recent layoffs initiated by the Trump administration and an attempt by personnel from the Department of Government Efficiency (DOGE) to access taxpayer data. The move comes at a time of mounting challenges for the tax collection agency.
February 20, 2025:
Commerce Secretary Howard Lutnick stated on Fox News that President Trump's objective is to abolish the IRS, aligning with his broader vision of replacing federal income taxes with tariffs on foreign nations.
Lutnick emphasized that the administration aims to balance the U.S. budget by the end of Trump's term, reinforcing Trump's economic and fiscal agenda.
"I am so pumped up for it," Lutnick declared on Jesse Watters Primetime, highlighting plans for an "External Revenue Service" to oversee alternative revenue sources.

Putin, Xi To Sign a 'New Era' Declaration

Kremlin: Putin, Xi To Sign Declaration On 'New Era' Ties.
Russian President Vladimir Putin and Chinese leader President Xi Jinping will sign an agreement ushering in a 'new era' of ties during talks in Moscow next week, a Kremlin official said Friday.

Treasury Secretary Bessent urges full Fed review, seeks to strip its power

Treasury Secretary Scott Bessent calls for a full, independent review of the Federal Reserve 🏦 — aiming to reclaim control and limit bond-buying programs to real crises only ⚡.
🔹 Fed criticized for “mission creep” and “institutional bloat”
🔹 Banking supervision could be shifted to other agencies
🔹 Markets may face volatility 📉, borrowing costs could rise 💵
💡 What this means:
The dollar’s dominance may be challenged, the Fed’s independence questioned, and a historic shake-up could be coming 🌍.