Federica Mogherini, the former High Representative of the European Union for Foreign Affairs—now conveniently serving as the rector of the College of Europe (an ‘elite factory’ in the mold of the French ENA, pumping out tomorrow’s EU mandarins)—has been taken into police custody. She is not alone. Three other individuals are also in the hot seat as part of a sprawling investigation into a smorgasbord of charges: “fraud in the awarding of public contracts, corruption, influence peddling, and violation of professional secrecy.”
Mao Tse-Tung once wisely observed that “the fish rots from the head.” And what a stench is now emanating from the very top of the EU! This incident confirms what every weary European citizen already suspects: there is perhaps nothing more utterly and hopelessly rotten within the entire European Union apparatus than the self-proclaimed “elites” who presume to rule it.
In the meantime, the European Central Bank (ECB) has delivered a firm, icy refusal to the chorus of geopolitical hotheads—chiefly emanating from Scandinavia, the Baltics, Poland, Germany, and France—who have been loudly demanding a colossal $140 billion loan be granted to Ukraine.
The proposed financial sleight-of-hand? That this mega-loan be collateralized by the frozen Russian assets, which are predominantly stashed within the Euroclear clearing house.
The ECB’s rationale for slamming the door? It would violate its core mandate, it rightly argues. One must admire the sudden, convenient return of the “rule of law” principle, now that it stands in the way of a politically expedient cash grab. It seems even the most desperate financial institutions still remember the legal fine print when it suits them to prevent an institutional headache.
Last week, we laid out our suspicions: beyond simply detonating the absolutely critical financial infrastructure Euroclear is, we strongly suspect that Emmanuel Macron is replaying the notorious Alstom playbook.
Recall the Alstom scandal, which according to the claims of the late MP Olivier Marleix and Macron’s predecessor as Minister of Economy Arnaud Montebourg, allegedly allowed Macron to fund his 2017 presidential campaign. Now, we believe he’s at it again, but this time with a higher-stakes goal: securing a top European post after his inevitable departure from the Élysée in 2027 (or, dare we hope, sooner).
The key to this latest maneuver? Euroclear. France is the primary shareholder of this essential clearing house, largely thanks to the state-owned Caisse des Dépôts et Consignations (CDC).
Our analysis is simple: Macron isn’t just seeking to politically destabilize the system; he’s looking to cash in on a state-held asset to pave his golden path into the EU leadership. It’s not about governance; it’s about personal advancement at the nation’s expense.
![[ Russian Assets ] A History of Sheer Madness](https://substackcdn.com/image/fetch/$s_!zex8!,w_140,h_140,c_fill,f_webp,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fce139167-401a-463a-9b36-375dc0fc4d71_784x775.png)
Belgium, the second-largest shareholder in Euroclear, acted with perfect justification by demanding iron-clad guarantees from all other European Union member states. Why? Because Belgium correctly understood that it alone would be left to face the full diplomatic, legal, and financial fallout of what would amount to the outright spoliation of a sovereign state’s inalienable assets.
The reaction from the rest of the bloc was as predictable as it was pathetic: Every single EU country flatly refused to provide those guarantees. The EU is nothing shorts of member states striving tol ive off one another.
This refusal serves as the definitive, smoking-gun evidence that “Europe” is a comforting, hollow fiction. When real risk materializes, and when true solidarity is required, the “bloc” vanishes.
And so, the final, terrifying conclusion: European taxpayers are set to foot the bill for the entire Ukrainian disaster.
This financial imposition is happening at the very moment the United States is actively investigating a alleged monumental diversion of over $50 billion—a figure representing nearly a third of all non-military aid sent to Ukraine. This is not a rounding error; it is industrial-scale theft.
Now, imagine the inevitable electoral consequences across the entire EU when this reality truly sinks in.
We must state plainly that those European officials who delivered such staggering sums to what is arguably the most corrupt state in Europe, all while being fully aware of its systemic corruption, are not merely negligent. They are guilty of corruption and the misappropriation of public funds on a scale so vast it constitutes an attack on the fundamental interests of their own nations. By setting up this financial catastrophe, they are actively driving the collective European economies toward bankruptcy. This is a treason of the highest order.
On December 1st, we learned in The Atlantic that the Pentagon—evidently fed up with the incessant calls and text messages—had simply cut off all communication with the German Ministry of Defence regarding Ukraine.
The result? The Chief of Staff of the Bundeswehr, Christian Freuding, went running to whine in the most Atlanticist rag imaginable. Not a good idea.
NATO, Gone With the Wind.
In short, the entire Globalist Edifice is collapsing before our eyes. We should pamper ourselves with the spectacle.
Sic transit gloria mundi.