When you are the law, is stealing stealing?

Europe hopes it can deceive it's plebs.

The European Union has discovered a perpetual money generating machine!

It works like this:

They loan Ukraine like €200 billion using Russian money frozen in European banks, promising repayment only when Russia compensates Ukraine for war damages.

Except the EU simultaneously blocks Russia’s frozen assets, so Russia can’t pay even if it wanted to.

That’s like lending your neighbor some money. But in the meantime, you slash his tires so he can’t get to work to earn the money to pay you back. SHOCKER!

The Russian money Euroclear (Brussels) holds is roughly €210 billion. That generate around €3 billion annually in interest. The EU uses this interest to service loans to Ukraine. As long as Russian assets stay frozen and keep generating returns, everything works perfectly.

Now Europe deems that the interests on these frozen assets are “windfall profits” and “extraordinary revenue”. So they can be freely taken. Or so the thinking goes.

One slightly eenie-meenie tiny small problem: interest accrues to the asset owner. When your bank pays you interest, that’s your money. Not the bank’s. Yours. When Euroclear generates returns on Russian deposits, that’s Russia’s money.

So the EU is taking money that belongs to someone else. They call it differently for their press releases.

Still theft.

So they’re stealing interests, who cares? It’s not my money right?

But now the EU wants to up the stake. They’re not satisfied anymore with mere peanuts. They want to start seizing the assets themselves.

BRUSSELS — Europe confiscating almost €200 billion of frozen Russian assets would be “an act of war,” Belgian Prime Minister Bart De Wever told reporters late Thursday night.

Speaking after a gathering of EU leaders in Brussels, he warned that the move would carry “systemic risks to the entire financial world system” and spark retaliation from Moscow.

— Politico (Bart De Wever)

The country that would be most affected (Belgium, PM Bart De Wever) is starting to push back. He called seizing Russian assets “an act of war” and warned that “if countries see that central bank money can disappear if European politicians deem it necessary, they might decide to withdraw their reserves from the eurozone”.

What Europe is hiding from its plebs is that they’re already stealing the proceeds. They’re using it to finance defense spending. Because we all know how broke they are.

And promising their serfs that this won’t cost them a dime because it’s the big bad bear’s money. Not theirs. Of course not.

De Wever again: “Taking Putin’s money and leaving the risks with us” - “That’s not going to happen, let me be very clear about that.”

Except it is happening.

Ukraine received €3 billion in January alone.

sigh

Everything Hitler did in Germany was legal.

— Martin Luther King

The EU is writing the regulations declaring that interests on frozen assets belongs to Euroclear, not Russia.

They created legal frameworks claiming this isn’t confiscation.

Because when you are the law. Stealing is no longer stealing.

Right?

Europe says so, so it’s only legal and moral and democratic. Like any EU value.

Right?

A small problem though. Just a microscopic one…

This entire structure requires unanimous EU consent every six months. Forever. Even Hungary and Slovakia must agree to renew the sanctions or the mechanism collapses.

The same continent that can’t agree on refugee quotas bets its fiscal credibility on maintaining perfect political unity for decades.

Viktor Orbán warned that Copenhagen proposals show Brussels wants war.

He’s right.

There’s no other way out of this.

Economy is kaput, social cohesion is kaput, debt is way up…

There’s no other way.

And Russia’s response is of course entirely predictable.

Russia will grab Renault factories or Danone plants. Those companies will then turn around and demand compensation from their respective home governments.

And the bill will land on European taxpayers.

Remember… This was free money!? Yeah right! It wouldn’t cost a penny…

The diagram shows the circular logic: EU hands cash to Ukraine, Ukraine only repays if Russia pays reparations, EU blocks Russian asset repayment, Euroclear’s assets equal liabilities “as long as sanctions are in place.” Russia seizes Western property. European governments compensate companies.

Taxpayers lose.

But the EU calls this solidarity.

I call it as it is: THEFT.

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But it seems that there are some EU bureaucrats who still have 2 brain cells working.

Enter ECB’s Lagarde. She warned this could “endanger the eurozone’s financial stability.” Yeah, that needed a PhD major to know that!

Saudi Arabia already hinted at selling European debt.

China called dollar reserves “hostages.”

And India moved 100 tonnes of gold out of London.

The global message was clear: your reserves in the West aren’t safe.

EU’s problem? Any peace deal that would unfreeze Russian assets, would create a fiscal hole.

Presented as free money.

Cost-free support.

“Taxpayers won’t pay a cent”.

They will.

Either when Russian counter-seizures hit.
Or when the sanctions collapse because Hungary blocks their renewal.
Or when interest rates fall.
Or when arbitration courts rule against the seizure.

The architects of the scheme will be long retired while ordinary Europeans wonder why their governments are still paying for “free” Ukrainian loans.

The same continent that couldn’t agree on banking regulations now bets everything on ironclad consensus for decades.

This should work out great.