EU Moves to Seize Russian Assets, Calls it 'Democratic Norm'
The mainstream financial press, via Bloomberg, proudly announces the EU's latest brainstorm: pilfering frozen Russian assets to bankroll Ukraine. The proposal offers options – a loan backed by said assets, or one by the bloc's budget. It's pitched as a pragmatic solution, deftly sidestepping the inconvenient detail that seizing sovereign state assets sets a rather... un-democratic precedent. When
did 'international law' become suggestions? One might recall the U.S. freezing Afghan central bank funds, ostensibly for 9/11 victims, then diverting half for 'humanitarian aid' after devastating sanctions. This isn't just about 'funding Ukraine'; it's about normalizing financial warfare where assets are fair game for political adversaries. The same mouthpieces celebrating this 'innovation' will,
no doubt, decry any similar actions taken against their own interests as egregious violations of private property and international norms. The audacity involved in framing 'asset seizure' as a 'new plan' for 'refilling war-strained budgets' (which, of course, are strained by endless proxy conflicts) is, frankly, breathtaking. How long until your savings account is 'redeployed' for 'geopolitical
stability'?