Political Power Grows Out of the Central Bank

Baron Bodissey 

Many people have observed the phenomenal level of social and political control that is exerted over the populace of the European Union by the nomenklatura in Brussels.
The mandarins of the EU are able enforce a uniformity of thought and behavior with an efficiency that Stalin could only have dreamed of. And, most importantly, this control is maintained without entering the awareness of the people who are being controlled.


It’s useful to consider how the EU accomplishes such a feat. Enormous power is wielded without the existence of a secret police force, or concentration camps, or the breaking down of dissidents’ doors at 3am.
If total control is not maintained through brute force, then how is it exerted?
I bring all this up because of a comment by copywriter on last night’s translation of an article about EP President Martin Schulz:

Baron, I object to your statement “the European Commission, after all, is where the power resides”
The EC has no power, all the power resides with the member states. If the memberstates say “no” than it will be “no” period, no matter what the EC wants or says.
The entire EU is nothing but a paper producing organisation. They have no income of their own and rely on handouts from the memberstates.
They have no army to enforce the law.
They have no popular support.
If the memberstates were to decide “enough is enough” and pull the plug the entire structure would come crashing down, and they know it. Look at their reactions on Brexit.
It’s time to see the EU for what it really is, a paper tiger.
Wet paper at best.

In response, I revised copywriter’s statement slightly to clarify the nature of power:

Stalin has no power, all the power resides with the Russian people. If the Russian people say “no” then it will be “no” period, no matter what Stalin wants or says.
The entire Soviet Union is nothing but a paper-producing organization. They have no income of their own and rely on the labor of the Russian people.
They have no popular support.
If the Russian people were to decide “enough is enough” and pull the plug the entire structure would come crashing down, and they know it.
It’s time to see the Soviet Union for what it really is, a paper tiger.
Wet paper at best.

The main place my analogy failed was at the statement (which I omitted): “They have no army to enforce the law.”
The USSR obviously had an army and the KGB to enforce Soviet “law”.
However, the EUSSR has something even better than an army: the European Central Bank. It keeps the peasants in line, makes them obedient slaves, but invisibly, unlike the army. You, the ordinary tovarishch of the EU, keep your eye on financial incentives and disincentives. By rearranging those carefully, the Politburo in Brussels can get you to do whatever it wants, without firing a shot, without any jackboots and Black Marias, without your even realizing that you are under complete control.
Power is all about perception. When people wake up and realize that the Emperor has no clothes, the Emperor’s power instantly disappears, and his orders are futile.
That’s what happened to the USSR. And it may happen to the EU, when people realize what the ECB is doing. Or — more likely — when the ECB fails, which it inevitably will.
The same may be said, of course, for the Fed and the good ol’ USA.

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