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China Restricts Local Firms From Investing In US As Trump’s Reciprocal Tariffs D-Day Arrives

China Restricts Local Firms From Investing In US As Trump’s Reciprocal Tariffs D-Day Arrives

Hours before President Trump is set to announce reciprocal tariffs—threatening to unleash a global trade war on what he has called “Liberation Day”—the Chinese Communist Party is already preparing a financial counteroffensive. 

Bloomberg cites people familiar with the matter who say Beijing plans to restrict local companies from investing in the United States. This move would give the world’s second-largest economy more economic leverage in trade negotiations as Sino-U.S. tensions deteriorate.

Here’s more from the report:

Several branches of China’s top economic planning agency, the National Development and Reform Commission, have been instructed in recent weeks to hold off on registration and approval for firms that are looking to invest in the U.S., the people said, asking not to be identified discussing sensitive issues.

. . .

There’s no sign that existing commitments by Chinese companies in the U.S. and elsewhere, or China’s purchases and holdings of financial products including U.S. Treasuries, would be affected, the people said. It’s unclear what prompted the NDRC to halt the processing of applications or how long this suspension might last.

The economic decoupling between the U.S. and China continues to accelerate, driven by trade wars and President Trump, who believes, as he said over the weekend to NBC: “The world has been ripping off the United States for the last 40 years and more … and all we’re doing is being fair.”

Source Bloomberg

Trump’s planned reciprocal tariffs and China’s reported move to restrict outbound investment from local companies into the U.S. signals a new phase of superpower decoupling. This decoupling has been happening across multiple areas:

  • Technology 

  • Capital Flows

  • Trade  

Goldman analyst Chloe Garber commented on the BBG report, noting:

BBG reported this morning that China has taken steps to restrict local companies from investing in the U.S. ahead of new tariffs, people familiar said. Several branches of China’s top economic planning agency have been instructed in recent weeks to hold off on registration and approval for such firms. Simply put – there are a lot of unknowns here still and mkts hate the uncertainty.

With just hours to go before Trump’s “Liberation Day” announcement—expected around 4 p.m.—here’s everything you need to know to stay on top of the tariff news cycle (read: here).

Tyler Durden
Wed, 04/02/2025 – 11:20

T-Day

T-Day

By Michael Every of Rabobank

“I have also to announce to Congress that during the night and the early hours of this morning the first of the series of tariffs in force upon the European Continent has taken place. In this case the liberating assault fell upon the coast of France. An immense armada of upwards of 4,000 tariffs, together with several thousand smaller tariffs, crossed the Channel. Massed airborne tariffs have been successfully effected behind the enemy lines, and tariff landings on the beaches are proceeding at various points at the present time… The Americans are sustained by about 11,000 first line tariffs, which can be drawn upon as may be needed for the purposes of the battle. I cannot, of course, commit myself to any particular details. Reports are coming in in rapid succession. So far, the Commanders who are engaged report that everything is proceeding according to plan. And what a plan! This vast operation is undoubtedly the most complicated and difficult that has ever taken place. It involves tides, wind, waves, visibility, both from the air and the sea standpoint, and the combined employment of land, air and sea tariffs in the highest degree of intimacy and in contact with conditions which could not and cannot be fully foreseen.”

Apologies to Winston Churchill for misusing his D-Day speech: “We shall tariff on the beaches, we shall tariff on the landing grounds, we shall tariff in the fields and in the streets, we shall tariff in the hills; we shall never surrender,” would have been snappier, but historically, the above is the correct one for today.

Because it’s T-day, or “Liberation Day”, or Make America Wealthy Again (MAWA) Day. That’s all we know so far. One rumor is we may get a 20% universal tariff, which would say a lot about ‘state’ and not so much about ‘craft’; or a targeted scheme; that may or may not then be negotiated down. We all still have to wait and see. (Of course tomorrow we start 25% US auto tariffs, on which please see our latest report.)

Ahead of that last-second US decision, last-minute countermoves are being made. Israel (where not much work was needed) and Vietnam (where more was) have both cut all their tariffs on US goods in the hope of a better outcome, and India is reportedly considering the same. Europe (and Canada and Mexico) are instead preparing to fight back, the former even floating escalation into new areas like services and tech that will surely guarantee a furious US response.

The Wall Street Journal hopes tariff clarity today will calm markets, and that’s the White House view too. However, then we all have to wait and see what happens re: counter-tariffs, which seem inevitable –Europe is talking in suitably Churchillian terms again– and then what the US does in the trade space in response, and outside it to those who don’t see trade is now connected to things like US security umbrellas. In short, we need to quote Winnie again: “Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.”

Yet while D-Day was a very brave and uncertain exercise, the underlying dynamic of US and Soviet military production vs. German and Japanese made the ultimate outcome of WW2 inevitable, just as the ideological split between the US and the Soviets would always then split the world in a different way afterwards. You can’t focus on just one front, no matter how dramatic, but always need to see the entire theatre of operations.

Place US tariffs in the context of a ‘grand macro strategy’ to retain global hegemony as it is now massively outproduced by China, which is allied with Russia and Iran, and you can again see the risks: global bifurcation that makes any one US tariff like a pebble on a Normandy beach.

Economic models that project the rest of the world trading more with each other in the absence of the US market are just that – models. The actual world economy will not work like that. As such, if the US goes it alone today, it implies certain uncertainty; and if it tries to lever others to join it against China, it implies different but equally certain uncertainty. That’s as:

  • China just rehearsed encircling and blockading Taiwan again with more ships and jets. Recall the US Department of Defence memo leak said this is now its national security focus. Europe’s Von der Leyen, talking about fighting on the beaches vs the US tariffs, said nothing, but has spoken very bluntly on this in the past: but what would the EU do in a worst-case scenario if it’s also preparing to fight Russia and shooting back in a US trade war?
  • Russia won’t accept US peace proposals on Ukraine in their current form; the US may impose secondary sanctions on buyers of Russian oil or even interdict the shadow fleet operating out of the Baltic as a response.
  • The US CENTCOM chief was in Tel Aviv for 10-hour discussions, as the Pentagon orders more firepower to the Middle East. Russia says bombing Iran’s nuclear infrastructure “will have repercussions for the entire region.” And, depending on what Iran might do to others under any attack, not only for that region.
  • US National Security Advisor Waltz, with the Signal scandal still swirling round him, is accused of conducting government business over his personal Gmail account. Is this a shotgun to his own foot, again, or friendly fire? How much longer will Waltz be around, and who might replace him if he goes?

Even the current data are uncertain. After yesterday’s US ISM data showing weak new orders and employment and a surge in prices paid, the Atlanta Fed now sees US GDP in Q1 at -3.7%. It’s not as bad stripping out recent gold imports, or all the other imports surging into the US to front-run tariffs. But it isn’t good.

Once again, central banks have no idea what to do and are clearly just hoping for the best. The Fed’s Goolsbee warned about a slowdown in consumer spending and business investment due to tariff uncertainty, which he sees may have a longer-lasting impact on prices than expected due to retaliatory tariffs and their effect on intermediate goods. That sounds like a long way to say “stagflation.”

Meanwhile, Eric and Donald Trump, Jr. launched a Bitcoin mining firm and talked crypto up. Is this all-American speculation, Trumpian grifting, or a signal on a future US policy pivot towards a neutral reserve asset? Moreover, gold prices hit a new nominal record high of $3,133, up 37.5% over a year in which some were/are still thinking about “rate cuts!” If that doesn’t underline the structural uncertainty we are dealing with, not a lot does.

Let’s finish by paraphrasing Winston once more: markets are drunk on uncertainty today, and tomorrow they may be sober, but the global backdrop will still be ugly.

Allow me to add: “By diligent effort, they must learn to like it.”

Tyler Durden
Wed, 04/02/2025 – 09:30

Kitchen Sink? Tesla Delivers 336,681 Vehicles In Q1, Missing Wall Street’s Lowest Expectations

Kitchen Sink? Tesla Delivers 336,681 Vehicles In Q1, Missing Wall Street’s Lowest Expectations

This morning Tesla announced Q1 deliveries of 336,681 vehicles, falling below even the lowest expectations that Wall Street had set for the automaker and marking a -13% plunge in deliveries from the year prior period. 

In its press release, Tesla said “the changeover of Model Y lines across all four of our factories led to the loss of several weeks of production in Q1,” but then added that “the ramp of the New Model Y continues to go well.”

While FactSet’s consensus forecast projected 408,000 Q1 Tesla deliveries—a 5% year-over-year increase—recent signals suggested a decline instead. Wall Street consensus estimates reported by Reuters had expected Tesla to report roughly 373,000 vehicle deliveries for Q1—down 3.6% from the same period the previous year.

Some analysts, however, believed the actual figure might be closer to 350,000 or lower.  Major banks like Goldman Sachs, JPMorgan, Morgan Stanley, and UBS cut estimates to between 351,000 and 375,000. Prediction market Kalshi expected 353,000, marking a 9% drop. 

No one had a number in the 330k region. 

The company reported 12,881 deliveries of its other models, including its Cybertruck, Model S and Model X. 

Analysts at Deutsche Bank had predicted as few as 340,000 deliveries, while Tesla’s declining sales in key markets like China and Europe further fueled skepticism.

Thomas Martin, senior portfolio manager at Tesla shareholder Globalt Investments had told Reuters: “I think that the numbers are going to come in below 400,000 and, maybe as low as 350,000.”

After Tesla’s first annual delivery drop in 2024, Elon Musk vowed a return to growth. Wall Street was closely watching whether Model Y updates and new incentives would help.

Tesla faces both growing competition abroad and backlash at home, particularly over Musk’s political ties and role in federal spending cuts under President Trump. This has alienated many left-leaning customers, with trade-ins hitting record highs.

“We have seen major brand deterioration of Tesla across the entire world essentially,” said Ken Mahoney, CEO of Mahoney Asset Management, told Reuters earlier today.

“The brand has become far more politicized than any public company’s brand should wish to be.”

The only question now is whether Tesla has “kitchen sinked” this quarter to try and post a better looking rest of the year, as it has already been reported that Elon Musk will likely move on from DOGE and back to the company heading into the middle of 2025…

Tyler Durden
Wed, 04/02/2025 – 09:15

Bipartisan Senators Prepare 500% Uranium, Oil Tariffs If Russia Doesn’t Negotiate 

Bipartisan Senators Prepare 500% Uranium, Oil Tariffs If Russia Doesn’t Negotiate 

A bipartisan group of US senators have prepared an anti-Russia sanctions nuclear option in the case that Moscow refuses to sign on to Trump efforts to negotiate an end to the Ukraine war.

The 50 Republicans and Democrats which introduced the sanctions package Tuesday are led by Senators Lindsey Graham and Richard Blumenthal, and their bill would impose a 500% tariff on imported goods from countries that buy Russian oil, gas, uranium and several other products. American citizens would also be prohibited from buying Russian sovereign debt.

“The sanctions against Russia require tariffs on countries who purchase Russian oil, gas, uranium and other products. They are hard hitting for a reason,” the Senators wrote in a Tuesday statement.

Getty Images

“These sanctions against Russia are at the ready and will receive overwhelming bipartisan, bicameral support if presented to the Senate and House for a vote,” they added.

“The dominating view in the United States Senate is that Russia is the aggressor, and that this horrific war and Putin’s aggression must end now and be deterred in the future.”

This in part springs from growing concern that despite President Trump’s good-faith efforts, even dangling the possibility of dropping sanctions to get the Kremlin quickly to the negotiating table, Moscow is intentionally stalling while it presses the war forward.

President Trump told reporters over the weekend aboard Air Force one of Putin and his officials, “If I think they’re tapping us along, I will not be happy about it.”

China and India would come under the immediate crosshairs, as they’ve remained top importers of Russian oil since the start of the Ukraine war.

However, the bill leaves open the option of granting presidential waivers on national security grounds, with Bloomberg pointing to the likely chance of a “confrontation” with India and China over the secondary sanctions and the “difficult position” the EU has found itself in.

In Europe, the lure of a return to cheap Russian energy is ever-present, and as we noted, senior German politicians are already calling for a resumption of ties with Russia. For example Michael Kretschmer, a senior member of Friedrich Merz’s centre-right Christian Democrats, is now arguing that EU sanctions on Russia are “completely out of date” as they increasingly openly contradict “what the Americans are doing.”

Financial Times in a report quoted Kretschmer’s words to the German press agency DPA as follows: “When you realize that you’re weakening yourself more than your opponent, then you have to think about whether all of this is right.”

At the same time, Hungary and Slovakia not only continue bypassing Ukraine for imports of Russian gas – after Ukraine broke from the transit of Russian gas on January 1st – but are actually boosting these supplies.

Hungarian Foreign Minister Peter Szijjarto announced on Tuesday that the Veľké Zlievce/Balassagyarmat interconnection point from Hungary to Slovakia has been brought to full capacity this week due to the stoppage through Ukraine.

Tyler Durden
Wed, 04/02/2025 – 09:00

Unearthed FBI Chat Logs Reveal ‘Gag Order’ On Biden Laptop Exposé

Unearthed FBI Chat Logs Reveal ‘Gag Order’ On Biden Laptop Exposé

Authored by Luis Cornelio via Headline USA,

Internal FBI chat logs revealed that the bureau imposed a “gag order” on agents regarding the New York Post bombshell story on the Hunter Biden laptop. Along with showing Hunter’s depravity, the laptop revealed Joe Biden’s involvement in his son’s foreign business dealings. 

The chat logs, published Tuesday by the House Judiciary Committee on X, show that the gag order extended to an FBI analyst who attempted to alert social media companies that the laptop was authentic—before these companies moved to censor the story’s spread. 

On Oct. 14, 2020, the New York Post released its first story on the laptop’s content. That same day, FBI officials instructed agents, “please do not discuss Biden matter.” 

Earlier chats show a group of agents—including Laura Dehmlow, Bradley Benavides and James Dennehy—debating the Post’s story.

“You guys are tracking the coverage of the laptop right?” Dehmlow wrote. Both Benavides and Dennehy replied affirmatively. 

Later, agents whose names remain sealed sent messages stating, “right answer – nobody on call is is [sic] authorized to comment upon NY Post story” and “nobody [is] authorized to comment.” 

One agent asked if another had “admonished” the colleague who nearly revealed the laptop’s authenticity to Big Tech companies. “yes but he wont [sic] shut up,” one response read. 

Hours later, agents reiterated that they were forbidden from commenting on the laptop story, with messages like “official response no commen [sic] and “we cannot comment.” 

A previous transcribed interview with Dehmlow revealed that during a Zoom meeting with Big Tech, an FBI agent was interrupted before he could confirm the laptop was real and already in the bureau’s possession. 

The FBI had verified the laptop in 2019 by cross-referencing its serial number with Hunter’s iCloud storage, FBI special agent Erika Jensen stated during Hunter’s criminal trial in 2024. 

Despite this verification, the bureau remained silent while social media companies debated whether the Post’s story was tied to a Russian disinformation campaign.

Notably, the FBI had warned them weeks earlier of an imminent “hack-and-leak” story about the 2020 election, leading many to mistakenly equate that warning with the laptop exposé. 

The laptop revealed that while Hunter failed to pay millions in taxes, he also consumed drugs, paid for prostitutes and launched what Republicans call an “influence-peddling scheme” aimed at selling access—or at least the appearance of access—to Joe Biden in exchange for payments. 

According to the laptop, 10% of these payments were earmarked for the “Big Guy,” a term confirmed by former Biden ally Devon Archer to refer to Joe Biden. 

Biden went on to win the 2020 election, and before leaving office in 2025, he issued sweeping pardons to his siblings and Hunter, covering offenses committed between 2014 and 2025.

Read the full House Judiciary Committee’s X thread on the chatlogs:

Tyler Durden
Wed, 04/02/2025 – 08:40

Is Trump’s Plan Working? ADP Shows Biggest Jump In US Manufacturing Jobs Since Oct 2022

Is Trump’s Plan Working? ADP Shows Biggest Jump In US Manufacturing Jobs Since Oct 2022

Despite the ongoing strength in jobless claims data, fears are growing in the soft data that Friday’s payrolls print might be a game-changer. Today, we get a glimpse of what’s possible as, following last month’s ‘weak’ report, ADP’s Employment shows the US economy added 155k jobs in March (more than the 120k expected and almost double the 77k added in February)…

Source: Bloomberg

So, once again, the soft data and constant mainstream narrative of recession is crushed by the hard data.

“Despite policy uncertainty and downbeat consumers, the bottom line is this: The March topline number was a good one for the economy and employers of all sizes, if not necessarily all sectors,” said Nela Richardson, Chief Economist, ADP

Is it just us, or can you sense the disappointment in her statement that the US economy didn’t implode?

Service industry jobs showed a major rebound from weakness in February while goods-producing job additions slowed…

Source: Bloomberg

Manufacturers added 21k jobs in March – the biggest addition since Oct 2022…

Source: Bloomberg

The other piece of ‘good’ news is that wage growth slowed for both job-stayers and job-changers…

Source: Bloomberg

So much for runaway inflationary pressure and recessionary labor market stagnation… and the surge in manufacturing jobs suggests Trump’s plan is working?

Tyler Durden
Wed, 04/02/2025 – 08:26

DNC, Schumer Sue Trump Over Order Targeting Illegal Immigrant Voting

DNC, Schumer Sue Trump Over Order Targeting Illegal Immigrant Voting

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The Democratic National Committee (DNC) and two top U.S. lawmakers on March 31 sued President Donald Trump over a recent executive order that aims to enforce the law against illegal immigrant voting and election dates.

Senate Minority Leader Chuck Schumer (D-N.Y.) in Washington on March 13, 2025. Kayla Bartkowski/Getty Images

“The Executive Order seeks to impose radical changes on how Americans register to vote, cast a ballot, and participate in our democracy—all of which threaten to disenfranchise lawful voters and none of which is legal,” says the lawsuit, filed by Democratic Party attorney Marc Elias in federal court in Washington.

Trump’s March 25 order has multiple sections. Several deal with laws that bar foreigners from registering to vote or from voting in federal elections. Trump directed the independent Election Assistance Commission to require proof of U.S. citizenship in its mail voter registration form, ordered U.S. officials to work with the Department of Government Efficiency to review voter rolls to identify noncitizens who are already registered, and told the U.S. attorney general to prosecute individuals who have illegally registered or voted.

Another prong takes aim at how some states in recent years have begun counting mailed ballots that arrive after Election Day, which the order says contravenes federal law.

A third portion says the Election Assistance Commission shall stop providing federal funds to states that don’t comply with the laws on election dates and noncitizen voting and voter registration.

The U.S. Constitution’s election clause says that states can set election dates, although Congress can alter them.

“Outside of the Elections Clause, other provisions in the Constitution place certain requirements and limitations on the regulation of elections—but none allows the President to override the will of the States or Congress in this space,” the new suit states.

The legal challenge also says that the Election Assistance Commission is an independent agency over which the president, who appoints commissioners, has no control, and that federal law lets applicants who vote in federal elections attest to citizenship with a signature as opposed to requiring proof from documents such as a passport.

In addition to the DNC, Sen. Chuck Schumer (D-N.Y.), the top Democrat in the U.S. Senate, and Rep. Hakeem Jeffries (D-N.Y.), the top Democrat in the U.S. House of Representatives, are plaintiffs in the suit.

The Democrats are asking the court to declare that the order violates the Constitution and federal law and block U.S. officials, such as the attorney general, from implementing it.

“The Democrats continue to show their disdain for the Constitution and it continues to show in their insane objections to the President’s commonsense executive actions to require proof of U.S. citizenship in an effort to protect the integrity of American elections,“ Harrison Fields, a White House spokesman, told The Epoch Times in an email. ”The Trump administration is standing up for free, fair, and honest elections and asking this basic question is essential to our Constitutional Republic.”

Ahead of the 2016 election, Elias helped compile a dossier against Trump. He was named in a different order by Trump that directed officials to take action against lawyers who are violating laws and regulations.

Earlier Monday, several organizations filed a separate suit in the same court over the election order, outlining similar arguments.

“The president’s executive order is an unlawful action that threatens to uproot our tried-and-tested election systems and silence potentially millions of Americans,“ Danielle Lang, senior director of voting rights at the Campaign Legal Center, which is representing the groups, said in a statement. ”It is simply not within the president’s authority to set election rules by executive decree, especially when they would restrict access to voting in this way.”

Tyler Durden
Wed, 04/02/2025 – 07:20

White House Prepares TikTok Proposal Meeting Wednesday Ahead Of Deadline

White House Prepares TikTok Proposal Meeting Wednesday Ahead Of Deadline

Ahead of President Trump’s reciprocal tariff announcement across all US trading partners later today, the president will meet with senior administration officials to review a final proposal for the Chinese social media app TikTok. The deliberations come before a Saturday deadline, by which TikTok must complete a sale to a non-Chinese entity or face a US ban. 

CBS News cited sources familiar with the upcoming meeting in the Oval Office that said Vice President JD Vance, Commerce Secretary Howard Lutnick, National Security Adviser Mike Waltz, and Director of National Intelligence Tulsi Gabbard would be present. It’s unclear whether Trump will approve the final proposal today, given that today is “Liberation Day.” The report noted that Blackstone and Oracle are potential investors. 

At the start of Trump’s first term, he signed an executive order granting a 75-day extension for TikTok’s parent company, ByteDance, to sell the app—used by 170 million Americans—to a US entity or face a nationwide ban. The deadline is Saturday, April 5, bringing the final deal down to the wire. 

Over the weekend, Trump told reporters aboard Air Force One, “We have a lot of potential buyers. There’s a lot of interest in TikTok. The decision is going to be my decision,” adding, “I’d like to see TikTok remain alive.” Trump said Monday there was “a lot of enthusiasm for TikTok.” 

In a separate report, the Financial Times said Marc Andreessen’s venture capital firm, Andreessen Horowitz, was discussing the purchase of TikTok from ByteDance with Oracle and other investors. 

Reuters noted, “In the closely watched sale of TikTok, the White House is playing the role of an investment bank, with Vance running the auction.” 

The Trump administration is about to have a hectic week. It will announce reciprocal tariffs later today, and it must also begin finalizing a deal for TikTok as the April 5 deadline looms. 

Tyler Durden
Wed, 04/02/2025 – 06:55

Argentina To Declassify Nazi Archives… But Did Hitler Escape There Too?

Argentina To Declassify Nazi Archives… But Did Hitler Escape There Too?

Authored by Jon Fleetwood,

In a move both hailed and questioned, Argentine President Javier Milei has ordered the full declassification of secret government files related to Nazis who fled to Argentina after World War II—along with archives from the country’s own military dictatorship.

The promise of disclosure follows a broader global trend toward transparency, including the U.S. government’s recent release of long-classified files related to the assassination of President John F. Kennedy—documents that, for decades, were withheld from the public under claims of national security.

But with reports of 5,000 Nazis escaping to South America—including top convicted war criminals like Adolf Eichmann and Josef Mengele—some are asking a more explosive question: did Hitler himself survive the war and escape to Argentina?

Cabinet Chief Guillermo Francos confirmed that Milei’s order, made after a meeting with U.S. Senator Steve Daines, applies to all Nazi-related documents across state agencies, including Defense Ministry files and financial records long shrouded in secrecy.

“President Milei has ordered the publication and declassification of the archives,” Francos said. “These files concern Nazis who sought refuge in Argentina and were protected for many years. These are historical documents that should be accessible to the public.”

“There is no reason to continue safeguarding that information,” he added. “These are archives of a part of Argentine history and they have to be public.”

The move also revives a long-held claim—dismissed by mainstream historians but not by everyone—that Adolf Hitler didn’t die in Berlin in 1945, but instead fled via Spain and ended up living out his days under protection in South America.

The Escape Route Nobody Was Supposed to Talk About

Historians have documented the escape of high-profile Nazis to Argentina—Eichmann was captured by Israeli Mossad agents in Buenos Aires in 1960; Mengele died decades later under a false identity in Brazil.

So why wouldn’t the same network that protected them also protect Hitler?

That’s the question Argentine journalist and author Abel Basti has spent his career trying to answer.

In books like Hitler in Exile and Hitler in Argentina, Basti argues that Hitler escaped through a tunnel under Berlin to Tempelhof Airport, fled to Spain, then traveled by submarine to Argentina, where he lived with SS support and the help of sympathetic German immigrants.

He cites declassified FBI reports, alleged sightings in Patagonia, and photos he claims show Hitler with known Nazi sympathizers in Argentina.

The Eden Hotel in La Falda—a hotspot for Nazi activity in the mid-20th century—is at the center of many of these claims.

Basti believes Hitler stayed there with Walter and Ida Eichorn, well-known Nazi loyalists who ran the property.

U.S. intel files from the era include dozens of unverified tips about Hitler sightings across South America.

Now, Milei’s declassification order may allow researchers—and skeptics—to comb through those files firsthand.

FBI Document Reveals Escape Rumors After Hitler’s Death: National Archives

As part of a National Archives blog series titled ‘Hunting Hitler,’ two FBI reports released in 2015 revisit mysterious rumors from 1945 suggesting Hitler escaped to Argentina.

One report, sent from Buenos Aires on July 14, 1945, claimed that “a source of unknown reliability” said “Hitler was landed in Argentina approximately June 20, that his face was disfigured,” and that an Argentine army major was preparing to escort him to a “secret hiding place in Chaco territory.”

The report added, “All rumors being investigated.”

A second document, dated August 14 from the FBI in Los Angeles, recounted a claim made by a Hollywood actor, who said a man at a club told him he had a “tremendous problem that was bothering him.”

That man allegedly said he “was one of four men who met Hitler and his party when they landed from submarines in Argentina two and a half weeks after the fall of Berlin.”

Both documents appear in ‘Hunting Hitler Part VII: The search continues June–September 1945,’ authored by National Archives historian Greg Bradsher.

Argentina Wasn’t the Only One Harboring Nazis

It’s worth noting that Argentina was not alone in giving shelter to Nazi officials.

The United States government—through a covert program known as Operation Paperclip—smuggled more than 1,600 German scientists, engineers, and technicians into the country after the war.

Many of these individuals had direct ties to the Nazi regime, and some were connected with war crimes.

One of the most famous Paperclip recruits was Wernher von Braun, former SS officer and architect of the Nazi V-2 rocket program, who later became a leading figure in NASA’s Apollo program.

U.S. intelligence scrubbed their records and gave them new lives in American institutions of research, military development, and space exploration.

If the U.S. was willing to overlook Nazi atrocities in the name of national interest, it raises the question: how many other countries did the same—and what information still hasn’t been revealed?

Publicity Stunt or Historic Breakthrough?

Critics argue the announcement is little more than political theater.

The Libertarian government has already laid off many of the archivists and staff who would handle the release.

“So who’s going to do it?” opposition lawmakers asked.

“The announcements are pure demagogy,” one local outlet reported.

Milei made the announcement last week on Argentina’s National Day of Memory, Truth, and Justice—a holiday marking the start of the country’s 1976-1983 military dictatorship.

His administration also vowed to declassify intelligence files from that era, saying “telling the whole story is a crucial task.”

Yet, the most consequential revelations may not be about Argentina’s dictatorship—but what the country knew about one of the darkest chapters in world history, and when.

Fringe, Fiction, or Classified Fact?

Mainstream historians like Richard J. Evans reject the Hitler escape theory as fiction.

They point to forensic evidence like Hitler’s dental remains, which match his known records and were confirmed in 2018 by a French-led team examining Soviet archives.

Still, questions remain.

Why did U.S. intelligence keep thousands of pages of Nazi-related sightings and investigations classified for decades?

Why did Argentina offer safe haven to so many convicted war criminals?

And why, nearly 80 years later, does the full story remain locked in government vaults?

Whether the release of Argentina’s Nazi files will finally put the escape theory to rest—or breathe new life into it—remains to be seen.

But for the first time in decades, the files may finally see daylight.

And if Milei makes good on his promise, the world may discover just how deep the rabbit hole goes.

Tyler Durden
Wed, 04/02/2025 – 06:30

German Politicians Worry About Their Gold In US Vaults

German Politicians Worry About Their Gold In US Vaults

For decades, the idea that Germany’s gold reserves – some of the largest in the world – might not be safe in the vaults of the New York Federal Reserve would have seemed like the stuff of conspiracy theories. But as the political landscape shifts in Washington – and questions have been raised as to what’s actually in US vaults, some German lawmakers are beginning to wonder aloud: Is their gold still secure?

Germany holds the second-largest hoard of gold on the planet, surpassed only by the United States itself. Roughly 37 percent of that treasure – some 1,236 metric tons, currently valued at around €113 billion – supposedly lies deep beneath the streets of Manhattan, stored with America’s central bank. For decades, the arrangement was seen as a prudent hedge, offering Germany immediate access to dollar liquidity in the event of a crisis.

Now, some in Berlin are rethinking that assumption.

“Of course, the question now arises again,” Marco Wanderwitz, an outgoing lawmaker from the center-right Christian Democratic Union (CDU), told the German tabloid Bild (owned by POLITICO parent company Axel Springer) last week. Wanderwitz has long harbored doubts about the wisdom of keeping such a significant portion of the country’s wealth abroad. In 2012, he made an unsuccessful push to personally inspect the gold, urging the Bundesbank to act more transparently – or bring the bullion home.

Fellow CDU member Markus Ferber, a member of the European Parliament, echoed those sentiments, calling for more rigorous oversight. “Official representatives of the Bundesbank must personally count the bars and document their results,” Ferber told the outlet.

These calls come at a time of deepening skepticism toward the institutions that once underpinned Germany’s postwar confidence. The recent decision to discard the so-called “debt brake,” a long-sacrosanct cap on public borrowing, signaled a willingness to rethink long-standing fiscal orthodoxy. The logic behind storing Germany’s gold in New York, once assumed to be self-evident, is now coming under similar scrutiny.

Adding to the speculation is Elon Musk and DOGE, who have questioned the authenticity of stated U.S. gold holdings – recently calling for a formal audit of America’s reserves.

For the Deutsche Bundesbank, which oversees the management of Germany’s reserves, any suggestion of instability is unwelcome. The central bank has maintained a quiet and resolute stance, rebuffing insinuations of risk.

“We have a trustworthy and reliable partner in the Fed in New York for the storage of our gold holdings,” Bundesbank President Joachim Nagel said at a press conference in February, a line the bank reiterated when asked for comment on Friday. “It does not keep me awake at night. I have complete confidence in our colleagues at the American central bank.”

Famous last words…

In 2013, amid a populist outcry and growing eurozone instability, the ‘completely confident’ Bundesbank repatriated hundreds of tons of gold previously held in Paris – a move that was seen at the time as a symbolic reassertion of sovereignty. The bank argued that, with France and Germany sharing the euro, the strategic rationale for keeping reserves in Paris had faded.

Now, more than half of Germany’s gold sits safely in Frankfurt. Thirteen percent is held in London. But it is the tranche in New York – once a monument to transatlantic trust – that is drawing the most anxious of glances.

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One question… GOT GOLD?

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Tyler Durden
Wed, 04/02/2025 – 05:45