“The EU and G7 are considering continued usage of frozen Russian assets to support Ukraine…” Think this one through. The European Union, which is not a state and has no power of direct taxation is going to guarantee the loan using assets it does not own as collateral. What holder of capital will accept that arrangement? The European Central Bank? The states within the EU that are beyond their budget limits? The IMF? The World Bank?
And if peace comes about, what will the EU Council or Parliament do to return the assets to Russia? So where will this “money” come from?
I think we know. It will be an accounting trick. The money will be loanded to the Ukraine, never leave the EU so will not be carried as a debit but as a credit on the EU balance sheet. Something akin to “good will” on a corporate balance sheet. The funds will go to “friends” of the EU elite. Meanwhile the “loan” will be used by the EU to get around the ECB limitations on budget deficits. It will be used to justify a European Debt Market that is payable, not by the EU, but by direct levies on EU member taxpayers.
And we thought Congress was a collection of grifters.
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