SurvivalBlog presents another edition of The Survivalist’s Odds ‘n Sods. This column is a collection of news bits and pieces that are relevant to the modern survivalist and prepper from JWR. Our goal is to educate our readers, to help them to recognize emerging threats, and to be better prepared for both disasters and negative societal trends. You can’t mitigate a risk if you haven’t first identified a risk. In today’s column, we look at the Western European Defense Surge.
The European Union’s $11 Trillion Defense Plan
Reader Tim M. sent this: EU slams the door on US in colossal defense plan.
And in related news: EU Commission unveils plan to channel €10 trillion of citizens’ savings into strategic investments. Some key points were buried in this euphemism-laden article:
“Under the Savings and Investments Union, the Commission will address barriers preventing insurers, banks, and pension funds from investing in equity. It will also review the EU’s rules on securitization, ‘focusing on due diligence, transparency, and prudential requirements for banks and insurers, as this will free up resources from banks and allow better support for companies, the Commissioner said.”
JWR’s Comments: Reading between the lines: They now plan to steal bank reserves for their $11 trillion USD defense plan. Whenever you hear a politician talking about an “investment” in a program, beware. It almost always means dipping into Other People’s Money. In this case, it is fractional bank reserves, that are nominally there as protection from bank failures and bank runs.
