Government by the Banks, for the Banks: The ESM Coup D’Etat in Europe
Anselm Rothschild famously said, “Give me the power to issue a nation’s money; then I do not care who makes the law.” ....
Ellen Brown of Webofdebt.com has written an excellent post on what is really taking place in the ongoing banking bailout of the Eurozone. Get this, the bankers over there have given themselves immunity from just about every law that can be broken....
The ESM is now a permanent bailout fund for private banks, a sort of permanent “welfare for the rich.” There is no ceiling set on the obligations to be underwritten by the taxpayers, no room to negotiate, and no recourse in court. Its daunting provisions were summarized in a December 2011 youtube video originally posted in German, titled “The shocking truth of the pending EU collapse!”:
The treaty establishes a new intergovernmental organization to which we are required to transfer unlimited assets within seven days if it so requests, an organization that can sue us but is immune from all forms of prosecution and whose managers enjoy the same immunity. There are no independent reviewers and no existing laws apply. Governments cannot take action against it
Here are some of the ESM’s key provisions:
[Article 8] “The authorised capital stock shall be EUR 700 000 [700 billion Euros].”
[Article 32, paragraph 3]: “The ESM, its property, funding, and assets . . . shall enjoy immunity from every form of judicial process . . . .”
The ESM is now a permanent bailout fund for private banks, a sort of permanent “welfare for the rich.” There is no ceiling set on the obligations to be underwritten by the taxpayers, no room to negotiate, and no recourse in court. Its daunting provisions were summarized in a December 2011 youtube video originally posted in German, titled “The shocking truth of the pending EU collapse!”:
The treaty establishes a new intergovernmental organization to which we are required to transfer unlimited assets within seven days if it so requests, an organization that can sue us but is immune from all forms of prosecution and whose managers enjoy the same immunity. There are no independent reviewers and no existing laws apply. Governments cannot take action against it
Here are some of the ESM’s key provisions:
[Article 8] “The authorised capital stock shall be EUR 700 000 [700 billion Euros].”
[Article 32, paragraph 3]: “The ESM, its property, funding, and assets . . . shall enjoy immunity from every form of judicial process . . . .”
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