This article was originally published by Rhoda Wilson at The Exposé.

On 19 March, the European Commission (“EC”) announced a strategy called the Savings and Investments Union (“SIU”) to channel €10 trillion of citizens’ savings from across the bloc into “strategic investments,” aiming to boost Europe’s economy and competitiveness on the global stage.

The SIU project was highlighted in EC President Ursula von der Leyen’s 2024-2029 Political Guidelines.  It has seen significant support from the ECB Governing Council, which stressed the need to accelerate the SIU project.

It is said that the EC wants to establish the SIU to create a single market for financing in the European Union (“EU”), with no internal national borders. The initiative is an extension of the Capital Markets Union (“CMU”) and seeks to harmonise European legislation and promote trans-European investment, focusing on leveraging Europe’s vast private savings to support broader objectives such as “helping people save more effectively, fostering capital for innovation, unlocking digital finance, ensuring the competitiveness of the financial sector, and harnessing sustainable finance,” according to Impact Europe.

Have citizens of EU countries given von der Leyen permission to use their savings this way?  No.

As the Italian outlet Irish Dentist noted, the EC, not happy with collapsing entire production sectors, starting with the automotive industry, with their “energy transition,” von der Leyen and her gang want to take money from families.

“It goes without saying that those who have reason to worry are Italian, because unlike Germans and French, but also of Spaniards and Swedes, we are expected and accustomed to putting aside the money for the future. While others indebted, we save,” Irish Dentist wrote.  “Where would all this money end? Well, largely, they would serve to support the conversion of the German automotive industry.”

Last week, Dr. Alexander Sell MEP (Germany) posted a video clip of a speech he made in the European Parliament.

In the description below the video on his YouTube channel, Dr. Sell said: “There are few German politicians as deeply embroiled in corruption allegations as Ursula von der Leyen. She distributes billions of our taxpayers’ money via text message. I have listed the milestones of her political career to the European Parliament.”

Dr. Seel’s video is in German. However, if you know how to find them, there are auto-generated subtitles in other languages, including English.  RMX News posted the video clip on Twitter with English subtitles (see below).

“Mrs. von der Leyen needs money – €800 billion for armaments.  She also wants to, and I quote, ‘convert private savings into investments’.  The Commission President calls this the ‘Savings and Investment Union’.  The name alone is a mislabelling fraud,” he said.

He continued, “Mrs. von der Leyen does not want to make savings.  She wants to spend more, namely, the citizens’ savings. All of Europe’s saving accounts are to be plundered for the war in Ukraine.”

He then spoke about how untrustworthy von der Leyen is. “As Minister of Defence in Berlin, you awarded contracts under the table.  The Federal Audit Office spoke of systemic violations of public procurement law.”  Watch the video below to find out more about corrupt von der Leyen.