The Islander
The EU is preparing to commit financial suicide, and it has convinced itself it is an act of moral courage, but the mistake is thinking this is just about the euro losing reserve status. No. This is the controlled demolition of what remains of the post-1945 financial order.
And the tragedy is: Russia isn’t the executioner. The EU is.
The seizure of frozen Russian sovereign assets is not a sanction. It is not “pressure.”
It is not morality. It is the single most catastrophic assault on the foundations of global finance since 1944 and Europe is carrying it out against itself.
The EU calls this “reparations”. History will call it economic euthanasia.
Once you steal a Great power’s central bank reserves, you have destroyed the concept of safe sovereign assets everywhere on Earth. Sovereign immunity dies. Neutral custodianship dies. The euros credibility dies. The postwar order dies. And with it, Europe’s last remaining pillar of power.
Russia’s symmetrical and lawful countermeasures; nationalizing Western corporate assets, liquidating EU holdings, will be painful. But the true killer is not Russia’s response. It is the irreversible collapse in global trust toward Western custodians.
One confiscation. One precedent. One shattering of the vault door.
And every central bank governor from Riyadh to Jakarta mutters the same sentence: “If they can do it to Russia today, they can do it to us tomorrow.”
This is not speculation. This is how systemic trust works, and how it dies.
Euroclear has already warned of an avalanche of global withdrawals if Europe lights the match. Middle Eastern funds, Asian sovereign wealth, pension funds, all quietly repositioning, moving out of euros and into gold, yuan, or any asset not hostage to the political spasms of a failed empire.
And inside the EU, the only two leaders who seem to understand the magnitude of the disaster are the ones Brussels loves to sneer at: Belgium's Bart De Wever and Hungary's Viktor Orban.
De Wever sees what von der Leyen pretends not to, that Belgium would be on the hook for the bill. But more importantly, he knows that the legal case is unwinnable.
Under customary international law, under the U.N. Charter, under the Vienna Convention, under the entire architecture of sovereign immunities, central bank assets are inviolable except under a Chapter VII Security Council mandate. Full stop. Without that, this is theft. And in global finance, theft is not a policy tool. It is the end of the (€ fiat ponzi) system.
Orban understands that once the EU normalizes looting a central bank, it becomes permanent doctrine, a weapon to be used again and again whenever the EU needs money or moral theater.
Today Russia. Tomorrow the Gulf. On deck? China.
The effects will not be contained to Moscow. Every Western asset held abroad, every refinery, every joint venture, every sovereign investment, becomes fair game for reciprocal seizure.
The EU has opened the door to a world where law is optional and retaliation is mandatory.
Europe is doing all this while losing the war it is trying to fund. The front is collapsing.
Ukraine is insolvent. Washington has already passed the humiliation to Europe.
And Europe, instead of facing reality, is preparing to sacrifice its financial system, its credibility, and its legal foundations for a war that ended long ago in everything but formal capitulation. This is pathology.
Belgium is not helping Russia. Belgium is trying to save Europe from Europe.
Russia doesn’t need to fire a shot, it only needs to watch. Europe is burning its own house down for the pleasure of looking righteous while standing in the flames.
When the smoke clears, when capital flees, when the euro cracks, when Europe looks eastward and wonders how it all collapsed so fast, the answer will be the same one it refuses to confront today...
The EU didn’t punish Russia. The EU suicided Europe.
And history will record, with cold precision, the moment the match was lit.
No comments:
Post a Comment