One of the parallels is that centralized decision-making puts off the sovereign will of the people whether vested in republics or countries. In both the Former Soviet Union and the European Union, decisions were made in the Capitals. For the former it was Moscow. For the later it is Brussels. The Soviet Union had a centralized bank – The State Bank of the USSR. In the European Union it’s the European Central Bank (ECB). The history of establishing such control over people’s financial assets goes back to Renaissance-era France in 1661. The idea originated with Hugues Delestre – advisor and privy counselor to Henry IV. Like most central decision-making, the intent was initially philanthropic.... Read more