The EU will finance the war in Ukraine and its bankrupt policies with money taken from European citizens, AUR MEP Gheorghe Piperea claims.
NEWS: What the EU leadership and the future president of Romania* have in store for us: our savings will be turned into “much-needed investments”.
Who will do that? Certainly not us, them.
What will they turn them into? In war-related and arms spending, in climate transition and in “champions of industry and trade”, forever on the brink of bankruptcy.
What will they use to achieve that? Our savings.
You will be left with nothing, not even memory and history, but you will be happy.
Freedom is slavery.
Ignorance is power.
War is peace.
NARRATIVE: The European Union will take away citizens' savings to fund its policies of enslaving the population.
PURPOSE: To promote sovereignist and anti-European rhetoric. To stir and amplify social unrest, to validate previously promoted conspiracy theories.
Investing on capital markets is optional
WHY THE NARRATIVE IS FALSE: In March, the European Commission announced draft plans for the creation of an Economic and Investment Union, as the president of the European executive, Ursula von der Leyen, wrote on X. The conspiracy-mongering attorney took advantage of the announcement to launch a narrative claiming the EU leadership will take away Europeans’ savings. This is based on the highly subjective and clearly biased interpretation of the phrase “We will turn private savings into much-needed investment”.
In fact, the European Union wants to create a common capital market for all member states, with identical instruments, regulations and procedures for all European citizens. Thus, the population will enjoy easier access to a broader capital market, offering them investment products with a higher return than they would have obtained by simply depositing savings at the bank. Essentially, the European initiative is merely designed to make the investment process easier and to offer more and more profitable financial instruments. It will focus on increasing the profitability of EU citizens' savings and on expanding financing opportunities for businesses, while improving the EU's competitiveness. People will be able to invest in other countries within the EU as easily as in their country of origin, and European companies will be able to access financing instruments from across the Union, without being required to be listed on the stock exchanges in each state where they seek to attract capital. However, it is very clear that investments in such a market remain optional, and that no one will take away people's savings.
The idea is also reinforced by the structure of the European plan for the defense and support of Ukraine, launched by the European Commission, which aims to raise private capital by accelerating the establishment of the Economic and Investment Union, the place where European citizens will be able to invest in technological, environmental projects, etc.
The EU needs money now and offers long-term profits in return
BACKGROUND: The European Union's plan for defense against a possible Russian aggression in the near future, but also for upholding its assistance to Ukraine, provides for disbursing 800 billion EUR for defense. Furthermore, the implementation of community policies regarding technological development, the transition towards a sustainable and non-polluting economy, etc. require massive funding. Hence the need to attract as many funds as possible to the market in order to cover the expected investments. According to statistics, at present over 33 trillion EUR are locked in private savings, held either in current accounts or as low-yield term deposits. For this reason, in April 2024, the European Union Council published the study “Much more than a market”, which is meant as the starting point for the creation of a “savings and investment union” within the single market, in order to increase the EU's share in the global capital market as a whole, which at present is very low in terms of its GDP ratio. In early February, the initiative returned to the spotlight, being put up for public debate.
After Washington's foreign policy shift, with the return of Donald Trump at the White House, the European Union has become the main target of Russian propaganda, replacing NATO and the USA. Thus, Moscow’s sovereignist narratives, now disguised in alignment with the new American doctrine, blames the EU and Great Britain for starting the war in Ukraine, which is completely at odds with “the desire of Russia and the United States to make peace”.
Gheorghe Piperea is a well-known Romanian attorney and conspiracist, a member of the European Parliament representing the AUR extremist party. Over the years, Piperea has promoted several false narratives Romanian public space, which claimed that the global cabal wants to implement digital currencies to enslave humanity, which will be forced to pay in order to breathe. In November 2023, ahead of his entry into politics, Piperea claimed that the National Recovery and Resilience Plan proposed by the government and approved by the European Commission will annul private ownership of the population's yards and gardens, which would become freely “accessible to anyone, anytime”. Last year, Gheorghe Piperea accused the World Health Organization of wanting to declare a new pandemic.
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