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A comment on France pulls last gold held in US for $15B gain. Parent comment

Re:France pulls last gold held in US for $15B gain by IAmBroom on Monday April 06, 2026 @09:30AM (#47660661)
If the central bank doesn't follow rules, who would trust it? The central bank's entire purpose is to put national trust into individual banks; both assuring investments (accounts) and establishing base (prime) loan rates.

A central bank answers directly to the government, not the judiciary. But it still answers to power, and follows established rules.

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Re:France pulls last gold held in US for $15B gain by codethief on Monday April 06, 2026 @09:35AM (#47660724)
I'm not saying it shouldn't follow rules, I said the rules might be different.

A balance sheet becomes pointless if some assets are valued at today's prices, while other assets are valued at their price from 100 years ago.

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