The world reconsiders America

AxiosSeptember 12, 2026en

America is shedding its status as the default choice for foreign governments to park money, buy weapons and send students. Why it matters: Even modest shifts away from the U.S. could chip away at advantages that have helped sustain American economic and geopolitical power for decades. Driving the news: The Netherlands moved 86 tons of gold out of the U.S. and Canada last week, citing the move as a hedge against "extreme systemic risks." France already moved all of its gold out of New York, while Germany debated doing the same. Norway's sovereign wealth fund — the world's largest — announced plans to reduce its holdings of U.S. government bonds amid turbulence in the Treasury market. The big

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