The Federal Republic of Germany has fallen short of its treaty obligations to NATO. Since 2002 it has spent $300 billion, including interest, less than the military spending requirements agreed upon by NATO member states. It has used this money to finance a luxurious lifestyle for its citizens, as American taxpayers have deprived themselves of these same luxuries to underwrite German security.

Germany currently stores approximately one-third of its national gold reserves at the Federal Reserve Bank of New York, a U.S. government-owned property.

We call on the President to order an immediate embargo on outbound transfers of German gold from the Federal Reserve Bank of New York until such time as Germany agrees to a timeline for payment of compensation to the United States.