re: Europe- “you’ll own nothing and be happy”

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Read or listen to what was said, FFS.

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So, either:

A) You are fluent in French and able to accurately translate policy discussions.

B) You are accepting the translation and interpretation of someone who wants you to “Just trust me, bro.”

China also has a similar problem. Most of US savings goes back into the market in one form or another. However in China, savings are usually in lower yield savings accounts because of risk aversion. I wouldn’t be surprised if Europeans are more similar to the Chinese than Americans in that respect. They have more robust social welfare systems whereas US puts a lot more of your later years on individual. Therefore, more savings end up in conservative rainy day funds than seeking higher yields that involve taking on risk.

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So yes, initially set up the system that is voluntary for the people but down the road, suggest a small 1-2% trimming off the top. Then 5. 10, 12. 15%… it’s not the 1st time we’ve seen this sort of approach.

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You mean taxes on capital gains?

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Grok translate

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Perfect illustration of how people willfully misunderstand or misinterpret the results of non-deterministic algorithms so they can rationalize their cognitive dissonance.

This is already becoming a new version of Wikipedia, including the complete inability or unwillingness of people to recognize that what they get is not “truth”. It’s repackaging.

For comparison, here is what Claude told me when I asked if the tweet was a fair characterization of the speech.

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**Fair, no.** The tweet is a distortion, though not a total fabrication — she really did say those things, but the framing twists it.

**What actually happened:** On August 27, 2026, at the MEDEF business conference in Paris (Roland-Garros), von der Leyen said European households hold roughly €10 trillion in bank deposits, which she called "paresseuse" (lazy), sitting idle in accounts rather than funding European businesses. She linked this to her Savings and Investments Union project, which she estimated could unlock up to €470 billion in additional investment through securitization, bank/insurer investment, capital market integration, and stronger EU-level supervision — and she wants an agreement by year's end.

**Where the tweet is accurate:**
- She did call savings "lazy"/a problem in the sense of being underutilized
- She did talk about "putting it to service" of European companies
- Securitization and supervision are real elements of her plan

**Where it's misleading:**
- She did not use the word "confiscation," and the plan as described is about incentivizing capital markets integration, not seizing anyone's deposits — the tweet's framing ("they're coming for your savings") implies a much more coercive/direct government-taking than what she proposed, which is closer to nudging money from bank deposits into investment vehicles.
- The "problem," "securitize," "supervise" language is a real paraphrase of things she referenced (the SIU framework), but stitched together the way the tweet does it, stripped of the policy context, reads more alarmist than the original remarks.

So: real quotes/concepts, exaggerated framing. It's the "lazy savings ? mobilize for business" pitch dressed up as "coming for your savings."

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(This is where you repeat your “regardless of what the words say this is what will actually happen”’bullshite.)

No, this is where Grok admitted the words were accurate, yet the OP didn't buy the polispeak which tries to spin it as if there's nothing to worry about - for now.

This is just the first step in them controlling YOUR own money. They arent quite ready to say it out loud yet.

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This is just the first step in them controlling YOUR own money.

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Yes, giving you more investment options is bad. At least you didn’t call it communism like at least one poster in this thread.

fricking move to Europe then and get in front of the line to be a part of this crap then.

You won't.

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have more options other than letting their money sit in savings accounts.

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Wait, explain to me what the banks are currently doing with the money in savings accounts that they control? Surely, the money isn’t just sitting in a vault!

The banks are investing that money already. Maybe the rules of bank investing need to be loosened to allow investment in securities?

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fricking move to Europe then and get in front of the line to be a part of this crap then.

You won't.

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