A downward
spiral of short-lived political announcements that have declined from the
superficious to the meaningless may fill the headlines of dutiful 24/7 news
outlets.
But while attention is wasted on political gobbledygook, leading Eurocrats
manage to steer the train wreck aka Eurozone towards greater centralization
in Brussels that will ultimately lead to a political ambush in order to push
through the true monster in the backyard, the European Stability Mechanism
ESM.
Published in English only, depriving 85% of Europeans of their possibility to
inform themselves, it is no exaggeration to say that the ESM will lead the
Eurozone into a technocrat dictatorship without any democratic oversight at
all.
The ESM was signed by the 17 Eurozone finance ministers on July 11, 2011, and
has yet to be ratified by national parliaments.
The treaty text mandates unconditional and irrevocable membership while
ensuring complete immunity to the institution and its staff. One does not
fill a good part of the treaty with such get-out-of-jail cards if there were
no future need of such.
Watch this video that has gone viral in German and is playing with English
subtitles here to get a first taste of the totalitarian ESM structure.
Make no mistake, when German chancellor Angela Merkel and French president
Nicolas Sarkozy envision a more centralized Eurozone, they ultimately mean
the ESM that can draw funds from member states within 7 days without giving a
reason and without the possibility of legal recourse.
Checking the latest status of the Eurozone crisis talks, Merkel has just
slammed hopes that the EU summit on December 8 and 9 will deliver any
meaningful results, the Independent
informs:
German
chancellor Angela Merkel has said there is no easy fix to the European
financial crisis, and that a solution will "take years".
Mrs Merkel told her country's parliament that "the German government has
made it clear that the European crisis will not be solved in one fell
swoop".
She added: "It's a process, and that process will take years."
This should give you enough time in between to read the
ESM treaty down below in full. If not, make at least sure to read from page
35 onwards for the spicy details about self-oversight and immunity, which
begins on page 37.
Merkel announced unspecified future amendments to the ESM treaty on Friday in
a press conference with Austrian chancellor Werner Faymann
as Eurozone leaders are going the extra mile in order to avoid a referendum
on such fundamental issues like the transfer of budget sovereignty to a yet
to be created EU Treasury in Brussels.
Bernanke Will Keep the Roulette Wheel Spinning
In the meantime central banking comrade Ben Bernanke from the Federal Reserve
stands ready for a dollarization of the rest of the world with basically
unlimited dollar swap lines with the world's major central banks.
While European leaders can continue to haggle about concepts that will just
add another layer of ESM debt on top of all other debts the Fed will exchange
worthless Federal Reserve Notes (FRN) for worthless European collateral,
aiding the European Central Bank (ECB) in hiding the true damage to the
Eurosystem where the ECB can no longer 'sterilize' monetization as banks
prefer to park their assets with the ECB.
And the Fed has unaudited firepower galore. According to former US
Congressman Alan Grayson the Fed lent a whopping $26
Trillion or roughly double the annual US GDP to banks in 2008 at the onset of
the current permacrisis. Bernanke's helicopters are ready to rain dollars on
the Eurozone again.
Banks Were Helped with $26 Trillion Under the
Table
VIDEO: Jump to 2:20 minutes where Alan Grayson
says, "Ron Paul's ... audit of the Federal Reserve, which has now shown
16 Trillion dollars in money directly lent out from the Federal Reserve to
... various institutions including many foreign institutions. ... about a
third of the money went to foreign institutions and on top of that another 10
Trillion dollars in currency swaps between the Federal Reserve and foreign
central banks..."
As the Fed's announcement from last Wednesday to keep the
monetary spigots wide open and intervene in any and all falling markets
should ensure more phantom liquidity for a comatose Eurozone, this
dollarization may become a competitor to the Eurozone's own (lack of) ideas
and lead to a EU colonization by US investment bank Goldman Sachs.
With the recent installation of former Goldman Sachs employees/consultants as
heads of the ECB (Mario Draghi), Greece (Lucas Papademos) and Italy (Mario
Monti) the Wall Street dominator is well positioned to influence European
politics far and wide. The tentacles reach elsewhere too: It does nut hurt
that the current US ambassador to Germany earned 23 years of paychecks at
Goldman too.
As the leading primary dealer in Austrian government bonds Goldman
reaches deep into the decision-making circles in that Alpine nation too.
But back to the ESM.
Like the Federal Reserve Act in 1913, the ESM treaty found absolutely no
media attention when it was signed last July despite its far-reaching
implications for more than 300 million Europeans.
Dutch-based website courtfool.info has
investigated the matter further and discovered a swift path towards Brussels
monetary totalitarianism.
The website arrives at a startling - and frightening - pattern:
On 17 December
2010 the European Council decided there was a need for a permanent stability
mechanism to take over the tasks of the Financial Stabilization Mechanism
(EFSM) and the European Financial Stability Facility (EFSF). These are two
rapidly erected organizations, respectively in May and June 2010, to supply
loans to countries with too many debts. However, these organizations lack a
legal basis.
Let us already note here that these organizations were explicitly conceived
for financial interventions, while the amendment in the treaty that allows
the establishment of the ESM, also allows setting up organizations for quite
other fields of action.
This amendment arrived on March 25 2011. To avoid having to organize
referendums in Europe once more, they used article 48.6 of the Treaty of the
European Union, which allows the European Council to decide changes in the
articles of the treaty, under condition they don’t constitute an extension of
the competences of the EU. The amendment consisted of an innocent looking
addition to a paragraph of article 136 (TFEU). In short, this addition
stipulated that “the countries using the euro were allowed to establish a
stability mechanism to safeguard the stability of the euro zone as a whole”.
Expressed this way, it does not deal exclusively with financial stability.
Surveillance of vigilant citizens, oppression of protests or the fight
against any other destabilizing element in the euro-zone, can, via this
amendment, be conferred to new organizations under EU-flag.
In other words, this amendment surely constitutes an extension of the
competences of the EU. Thus, it violates Article 48.6 of the Treaty of the
European Union. Nevertheless, no Minister and no national Parliament were
bothered by this and in Brussels they happily and promptly continued to draw up
the ESM treaty.
On 20 June 2011 the national Parliaments authorized that the tasks of the ESM
treaty would be executed by the EU and the European Central Bank.
On 11 July 2011 the treaty was signed. Although the signature was made public
later that day, directly at the opening of a press conference with dozens of
journalists (photo above), the next day there was not a
single headline in the newspapers (not nationally, nor
internationally) about the signature of this new European Treaty. Could it be
caused Juncker announced it in French... before continuing the conference in
English?
The facts are on the table now but do not expect Europe's political
representatives to know anything about it. According to this Wall Street Journal blog entry, only 35 of Europe's 736
MEPs (Members of the European Parliament) attended a Draghi speech on
December 1 where Draghi proposed more centralization via a 'fiscal compact' - meaning an EU finance ministry.
"We have already started preparing the ESM internally."
All current political haggling about the EFSF (European Financial Stability
Fund) or Eurobonds - now dubbed 'stability bonds' by Germany - appears to be
superfluous shadow boxing when one listens to the EFSF insiders.
EFSF CFO Christophe Frankel told Reuters already mid-November
that the EFSF could change its nameplate to EMS without problems:
Frankel said
preparation for the new permanent euro zone support
scheme, the European Stability Mechanism (ESM), was under way and that
technically, the EFSF could already carry out its mission.
"ESM will have the same mission as the EFSF so in practical terms, we
are already ready," he said. "We have already started preparing the
ESM internally."
This again proves the haughtiness of Brussels nasty
procedures: While politicians keep the public busy with smoke and mirrors,
the Eurocrats are working behind the curtains to establish totalitarian
control over more than 300 million Europeans and loot them in order to save
the banks at truly all costs.
One needs not much fantasy how the Eurozone crisis will develop once the ESM
is pushed into place: In the end Europe will be relegated to third world
status, laden with ESM and probably IMF debt too.
This would be the end of democracy. It must not happen.
