“America is shedding its status as the default choice for foreign governments to park money, buy weapons and send students,” Axios reports.“Even modest shifts away from the U.S. could chip away at advantages that have helped sustain American economic and geopolitical power for decades.””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.”