25.04.2024, Moscow.
The West is preparing to seize Europeans’ savings to ramp up military spending and rearmament plans, according to the report from the theater of war, published in The Essence of Time newspaper, issue 582.
Bloomberg wrote in early April that the G7 countries will need $10 trillion over the next 10 years to implement their rearmament plans. This means an increase in military spending to the level of 4% of GDP, which was during the Cold War.
The agency’s analysts believe that huge military spending will be accompanied by difficult decisions related to taxes, social security, and government borrowing.
“Interesting that in a recent interview, the head of the European Council Charles Michel said that the aggregate savings of Europeans are estimated at about €9 trillion. Knowing the West’s love of plunder, it is not excluded that this money may soon be seized for a ‘good cause; in a so-called voluntary-coercive manner. All the more so because of the Cypriot precedent of 2013, when the state “lent” 10% of all large deposits, citing the difficult economic situation,” The Essence of Time editorial reads.
Source: Rossa Primavera News Agency
