larry johnson shows some european foolishness which they would attack if done to them;

If you are caught between a dog with a full bladder and a fireplug, you are going to get a golden shower. If the EU’s Ursula von der Leyen gets her way, Belgium faces an unpleasant hosing down. Some European members of NATO, eager to save a Ukraine that is beyond salvation, are desperately trying to figure out a way to steal Russian assets held by Euroclear without admitting that they are guilty of theft. The European Commission is the most vocal advocate for using the cash and windfall profits generated by frozen Russian sovereign assets held at Euroclear (and similar EU institutions) in a deceitful scheme to back large loans for Ukraine’s budget, defence, and reconstruction. It presents this as an unprecedented but legally “safer” reparations‑loan mechanism that leaves Russia’s ownership claim over the underlying assets formally intact while redirecting the income and cash balances they generate. But anyway you paint it, it is still theft and Belgium is squirming at the prospect.

To understand what is going on you need a brief tutorial on Euroclear. Euroclear is a Brussels-based global securities depository that holds approximately €200–300 billion in frozen Russian central bank assets (as of December 2025) as a consequence EU sanctions post-Russia’s 2022 invasion of Ukraine. The EU’s plan, advanced in early December 2025, aims to seize or leverage these for a €50 billion loan to Ukraine, but Belgium—Euroclear’s host nation—has rejected it, citing unacceptable risks. Belgian officials argue the move would expose the country to “massive liability” as the legal situs of the assets, potentially paralyzing the scheme. Below are the primary risks, based on Belgian government statements, Euroclear’s concerns, and expert analyses.........more........