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re: Europe- “you’ll own nothing and be happy”
Posted on 8/31/26 at 4:31 pm to Placekicker
Posted on 8/31/26 at 4:31 pm to Placekicker
The EU has literally been saying this for almost two decades now. Is this like climate change?
1
Posted on 8/31/26 at 4:33 pm to SlowFlowPro
quote:
Giving them to companies"?
Is that how you see your investments? Just giving money to companies?
Do the accounts belong to the citizens? Are they taking them away and putting them elsewhere?
It didn't take long for SFP to reverse course and betray himself in this thread. He says he "doesn't like it", but he's stumping for it, by God.
This post was edited on 8/31/26 at 4:35 pm
Posted on 8/31/26 at 4:34 pm to BoarEd
quote:
Do the accounts belong to the citizens? Are they taking them away and putting them elsewhere?
They’re not taking anything away from anyone.
Posted on 8/31/26 at 4:34 pm to tzimme4
quote:
The EU has literally been saying this for almost two decades now.
Saying what?
Posted on 8/31/26 at 4:36 pm to Mo Jeaux
quote:
What is the gravity?
I know I haven't done the best job discussing this, but this just seems like a way for the banks to utilize the savings money while the consumer will see no difference (Except likely higher returns) in the bank account.
Posted on 8/31/26 at 4:37 pm to BoarEd
quote:
Do the accounts belong to the citizens?
It does not appear this policy would change that.
quote:
He says he "doesn't like it", but he's stumping for it, by God.
Posted on 8/31/26 at 4:43 pm to SlowFlowPro
quote:
SFP: Not shocking, this isn't as bad as the OP's post makes it
This…
quote:
In Brussels they are counting on redirecting the private savings of Europeans toward patching holes in their own economy.
…is a crock of shite and I’m shocked, SHOCKED, that you see no problem with this.
Are you a commie, now?
Posted on 8/31/26 at 4:45 pm to SundayFunday
quote:
“In Europe there are savings. Unfortunately, these savings are idle. €10 trillion of household savings at present remain on bank deposits. And a significant part of European savings is invested outside our continent. Europe must now make these savings work for the good of its business
So, the EU doesn’t want you to have savings. They also want to tell you how to invest your money.
quote:
It doesnt change what OP said but just provides more detail you silly billy
Sunday gets it. Not surprised that our Board Liberals are all in favor of it. “Govern me harder, Daddy.”
Posted on 8/31/26 at 4:48 pm to Sid E Walker
quote:
is a crock of shite and I’m shocked, SHOCKED, that you see no problem with this. Are you a commie, now?
this board. Investing in companies and earning a return on those investments is now Communism. Posted on 8/31/26 at 4:52 pm to SlowFlowPro
quote:
but this just seems like a way for the banks to utilize the savings money while the consumer will see no difference (Except likely higher returns) in the bank account.
I understand it to be several initiatives. On one hand, it’s facilitating securitization of bank loans, freeing up capital for more bank loans. On the other hand, it’s facilitating access to those securitized assets by non-institutional investors (hence the savings account criticisms) by creating new investment accounts.
I’m sure there are legitimate criticisms to the proposals (the 2008 crisis has been brought up).
Posted on 8/31/26 at 4:56 pm to TrueTiger
quote:He didn't do the retirees any favors keeping interest rates at 1%
Obama floated the idea of raiding 401k accounts.
Posted on 8/31/26 at 4:56 pm to Mo Jeaux
The literal title of this post
Posted on 8/31/26 at 4:57 pm to Placekicker
She can take hers as a trial balloon because she has plenty
Posted on 8/31/26 at 4:58 pm to Placekicker
This is a milestone for an entire continent.
Its always been clear this is where the globalists were headed, but its now right out in the open ad no one on the American left can pretend otherwise anymore.
Its always been clear this is where the globalists were headed, but its now right out in the open ad no one on the American left can pretend otherwise anymore.
Posted on 8/31/26 at 4:59 pm to tide06
Americans are embarrassing to be around controlled by a country of 6 million clowns
Posted on 8/31/26 at 4:59 pm to Mo Jeaux
quote:
They’re not taking anything away from anyone.
What do you believe she means by "putting them to use"?
Are you really going to play the "her words dont mean what her words obviously mean" game?
Posted on 8/31/26 at 4:59 pm to Mo Jeaux
quote:
Saying what?
European leaders have been saying something similar for longer than 20 years - really since the beginnings of European integration.
What they are/have been saying, and I will use Ursula von der Leyen's own words:
quote:
In Europe there are savings. Unfortunately, these savings are idle. €10 trillion of household savings at present remain on bank deposits.
European has a huge fund of savings but the savings is too heavily invested in low yield bank savings accounts.
quote:This one should be obvious.
And a significant part of European savings is invested outside our continent.
quote:If we could get a good chunk of this savings to work for European businesses it would be positive.
Europe must now make these savings work for the good of its business.
quote:
We have put forward proposals on securitization, investments of banks and insurance companies, and also on the integration of our markets and their supervision. Together they can unlock up to €470 billion of additional investments
Europe needs to get its citizens investing more (the 401k/IRA U.S. system analogue). Although it is not just about retirement , it is about investing in European capital markets in general. Also - get banks investing more as well. Finally - revive the European securitization market - another nod towards the U.S. system. They don;t want banks holding loans and not doing anythign with them till they re paid off. Package them up into securities and sell them allowing the banks to make even more loans thereby giving the economy a nice boost.
There is nothing weird about this. It should be viewed as a positive. european needs to change, an this is a big step in a positive direction for that change. Except - as has been noted, they have been coming up with proposals like this for decades and it never seems to stick.
Posted on 8/31/26 at 5:01 pm to SlowFlowPro
Them securing it because they can is the problem. How they defend doing it is but another way of saying FU
Posted on 8/31/26 at 5:01 pm to WylieTiger
quote:
Volunteer your account(s) as the guinea pig.
This board: Social Security is crap and we should be able to use that money in the markets.
Also this board: Coming up with a way to let idle savings participate more in the market is dangerous!
Yes, I realize it’s not exactly apples to apples, but it’s not that far off.
In any case, the plan she is proposing is not a process to confiscate these funds.
FFS, the right has become every bit as bad as the left when it comes to falling for clickbait outrage porn.
Posted on 8/31/26 at 5:01 pm to Southernmold
quote:
Americans are embarrassing to be around controlled by a country of 6 million clowns
Are you not American? Very odd way to phrase that.
And why are you bringing up Israel in a thread about the EU seizing savings for reinvestment against the will of the account holder.
Its almost like youre trying to redirect the discussion.
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