EU Ewwww! Talk about stepping in it
It’s been a week of astonishing irony. Rob Reiner, a long-time and very vocal proponent of banning guns was stabbed to death. While an interesting side show, it pales in comparison to one of the great suicides in all of human history, overshadowing even Cleopatra’s asp — and history tells us she had a fine asp at that.
I’m talking, of course, of the EU’s incredibly senseless and wildly reckless flying double-gainer on its own sword. Among baffling and disastrous political blunders, this one dwarfs the competition. In fact, but for Athens launching the Sicilian Expedition in 415 BC, or the USSR invading Afghanistan in 1979, it’s difficult to come up with anything more self-destructive than the EU confiscating Russia’s money.
And the reason makes it all the more unhinged.
This event will go down in history as one of the most monumentally stupid things any political entity has ever done. It’s going to have profound repercussions throughout the political and financial world, and it will shift forever the balance of power across the globe.
Hyperbole? Not in the least. If anything, I’m understating the colossal boneheadedness of the EU’s most recent idiocy. Of course, we’re only a week into this clowniest of all clown shows, but you should print this page and tack it up with refrigerator magnets and see how it becomes more prophetic with age, just like good Trappist ale.
Let’s briefly review what will have been the most imbecilic act of intellectual incuriosity the world has ever seen:
1. EU Agreed to Indefinitely Freeze (Steal) Russian Sovereign Assets
The European Union has moved to make permanent the freeze on roughly €210 billion in Russian central bank assets that have been immobilized in Europe since sanctions were first imposed in 2022.
2. Push to Use the Frozen (Stolen) Assets to Support the Ukraine
EU “leaders” have been debating how to leverage the frozen (stolen) assets to finance a package for the Ukraine in 2026–27, potentially up to €165 billion in budget and defense support (money laundering). That the Ukraine regime is mere months away from utter collapse doesn’t seem to make any difference. Besides, 165 large doesn’t even get Zelensky out of bed in the morning.
3. Russia Has (Rationally) Responded With Legal Action
In response, Russia’s central bank has filed lawsuits. The EU (in an opium-induced hallucination) has officially dismissed the lawsuits as speculative and groundless, insisting its legal framework respects international norms (it doesn’t) and sovereign rights (not even close). Ursula van der Loon openly states that EU courts are so corrupt, they would never go against the home team, but Russia knows that it can file in any of the 90 jurisdictions where Euroclear has a presence.
4. Broader Sanctions and Enforcement Actions (Panic)
In parallel with the asset freeze debate (how to legally steal), the EU has adopted fresh sanctions (declared war) targeting Russian oil exports and associated individuals/companies, particularly those linked to the (non-existent) shadow fleet shipping operations.
To briefly recap the EU’s lunacy of the past decade, it hollowed out its culture and economy with unbridled third-world immigration and freebies for all; it destroyed its manufacturing base with “green” pipe dreams of powering the continent with sunbeams and unicorn farts; and now it has literally and blatantly stolen the assets of a major power, which is essentially a declaration of war against a greater foe.
And that’s just the highlights.
Imagine your neighbor burns down his house playing with the wiring. He pops over one day and changes the locks on your house, then announces that he’s taking out a “loan” on your property to fund a band of brigands and ne’er-do-wells up the street. The cheek, you’d think, as you loaded the moving van.
The upshots of all this nincompoopery are:
Europe’s economy will collapse within a year;
Folks will freeze in the dark by next winter;
Any country with vaguely cognitive “leaders” is already pulling their assets out of the EU;
Russia now has the right under Natural and international law to wage war on Europe;
Every shekel of the 165 large will go into the pockets of EU bureaucrats and Zelensky’s retirement account;
The EU will give itself the power to issue Euro bonds and collect per capita taxes to pay for them without a single elected “official;” and
Arabic and Swahili will become the official languages of Europe.
StarMerCron, as rubber stamps for the autocratic crone Van der Loon, have crossed their legs, taken steady aim, and simultaneously shot themselves in both feet. According to their rationale — I’m being as charitable as I can regarding their combined mental pony-power — any of the 90 nations with a Euroclear presence can now “permanently freeze” EU assets and start taking out loans against them. The framework is clear and the precedent is set. When a criminal commits a crime with impunity, he will invariably do it again.
If the US doesn’t back away fast, all this excretum will rub off on it, as well. If you want to see dedollarization on steroids, stand by. Soon, every nation will be withdrawing their funds from the US/EU cabal banks, while freezing cabalista assets on their turf. Trade will come to a sudden and catastrophic halt, and no one is wearing safety belts. The economies of both entities will crater, and the collapse of the USSR will come to look like a curious footnote to history.
It was bad enough that “debanking” citizens became a thing across North America and Europe, for completely political and arbitrary reasons. But those were individuals, and no one really cared — can’t happen to me, I’m a good little citizen. When entire nations get debanked, we’re no longer in the same ballpark, much less a level playing field.
I see chaos and collapse as a golden opportunity to take back essential freedoms and liberties, so I can’t say I’m overly concerned; I’m as prepared as anyone can be without a hidey-hole dug into the side of a mountain.
The US and EU have become creaky, corrupt institutions that long ago overstepped their positions of servitude. It’s about time they got their hinies good and spanked. Spare the rod, spoil the servant, I always say. The unruly domestics are stealing the silverware and cleaning out the curio cabinet, so it’s time to fire the lot of them.
In any case, you may want to squirrel away some hard assets where they can’t be “permanently frozen,” as in burying some gold and silver in the back yard. Be careful, though. Those metals are non-magnetic and can’t be found with metal detectors. Sure, the bastids can’t find your stash, but if you forget where you buried them, you’ll be out there in the middle of the night with a backhoe.
Buckle up and batten down. Thars a storm a’comin’.
Sic semper tyrannus.
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Today we have another double feature for the weekend, both of which you probably haven’t seen. The first is an Italian flick for you Burt Lancaster fans out there: The Leopard (1963), about a Sicilian nobleman trying to maintain his position amid the chaos of the 1960s. The other is an Italian-Algerian collaboration called The Battle of Algiers (1966), about the utter corruption and depravity of the French occupation of Algiers. Together, they perfectly capture today’s theme of power run amok.
Cultural note: “amok” is an Indo-Malay word adopted into English in the 1700s. It originally referred to an actual phenomenon of someone going emotionally and spiritually nuts, and usually ending up dead.
Source: Radio FarSide
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