We’ve mentioned German Finance Minister Wolfgang Schäuble before. He’s made some of the most outlandish and draconian comments we’ve seen come out of Brussels. In fact, when it comes to national sovereignty and freedom, this man is downright scary.

Again we hear from him that he thinks the helm of sovereign economies should be placed in the hands of the ECB. This is nothing more than a contemporary blitzkrieg on the European economy as a whole. And it must be understood, that he who controls the economy of a country controls the policy of a country (FED included).

Such control inevitably leads to the loss of liberties. We’re not just talking about financial freedom here, but freedom on every level. For, if a man cannot attain financial independence, then he is forced to be dependent. Such dependency on the state never is, and can never be, freedom.

Consider some of the reforms Wolfgang proposes (demands?). And consider how each one is spun as though it were good for everyone involved:

• A twisted spin on cronyism, claiming that the ECB commissioner should be able to act, on behalf of sovereign nations, independent of political approval. This, it’s proposed, “would enable the commissioner to make decisions based on content rather than interests.” Remember our earlier statement about he who controls the economy…
• The ECB commissioner would have veto power over national budgets. This would strengthen the position and supposedly bring greater solidity to the EU economy as a whole. Of course, remember, this isn’t political, it’s purely economic.
• Greater power would be given to the European Parliament. Wait, I thought this wasn’t political. The idea is that only those countries that are part of the euro would participate though, so I guess it’s monetary in nature.

As the article states, this could escalate to a showdown between Britain and the ECB. Wolfgang is determined, as we’ve already seen. But Britain has been very reluctant to agree to changes in the European Union, especially when it comes to matters of national sovereignty.

Make no mistake; these are measures to gain greater control of Europe. Central bankers are not in this for the best interests of the citizenry (or subjects). If this is something readers have yet to understand, we encourage you to get a copy of G Edward Griffin’s, The Creature from Jekyll Island: A Second Look at the Federal Reserve.

He exposes the beginnings of the Federal Reserve, the operations and the goals of all central banks. We’ve included a video below, where he gives us an excellent overview of what’s happened. Remember this next time you hear from central bankers. Markets may turn up, for now. But rest assured that every measure they take is designed to consolidate their wealth first. Any gain you realize is purely secondary… or tertiary.

For your prosperity,

J. Keith Johnson
The Gold Informant