EU: Treaty of debt (ESM) - Dictatorship, page 1

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Topic started on 8-11-2011 @ 11:17 AM by Daedal

" Using “financial stability” as justification, the European Union is quietly plotting to foist a massive, perpetual bailout machine on eurozone members that critics say represents a “dictatorship” and a “treaty of debt.”

Source
“ESM Members hereby irrevocably and unconditionally undertake to provide their contribution to the authorized capital stock,” notes the draft treaty posted on EU Council’s website. “They shall meet all capital calls on a timely basis in accordance with the terms set out in this Treaty.”

If the initial trillion proves to be insufficient — and considering the debt-laden governments ruling Italy, Spain, Portugal, Greece, Ireland, and other nations, it almost certainly will not be enough — the ESM’s Board of Governors can simply demand more. And national governments must hand over the money, no questions asked, within seven days.

Source

A new video (below) explains that the REAL import of the European Stability Mechanism (ESM). Apparently it calls for the creation of a fund of 700 billion euros that can be expanded at any time. It calls for a committee to administer this fund that is entirely above the law – one that can be neither prosecuted nor even questioned within a normal legislative venue.

YouTube Link

edit on 8-11-2011 by Daedal because: Added source

reply posted on 8-11-2011 @ 05:10 PM by Rockpuck

reply to post by Daedal

Napoleon and Hitler would be proud.

I've been saying this since the EU financial crisis began, the EU will use the economy to consolidate power at an ever increasing rate, consolidation that would otherwise be objected. EU members should protest this ESM movement by the ECB, or dissolve the European Union completely. If that is, they value their independence, sovereignty, and history.

reply posted on 9-11-2011 @ 10:35 PM by Wotan

reply to post by Rockpuck

The way I see it, Sarkozy, Merkal and Barossa are doing for the Euro nicely on their own ....... give them enough rope, they'll hang themselves.

reply posted on 9-11-2011 @ 10:56 PM by marg6043

Is one big problem, the EUzone experiment is failing, because after dining and partying with the wealth of nations now the nations in questions can not pay back their debtors.

As governments around the euro zone are felled by a widening sovereign debt crisis, a perceived loss of sovereignty to the IMF and the European Union is raising prickly questions of democratic legitimacy.

Many of the governments in the EUzone gave away their nations sovereignty and their citizens rights to chose their own destiny and their countries when they whore themselves to the hoax of bounty that they would share unified.

Actually they did, at least for a time, but the dining and partying is over the hangover is making nations wake up to a painful reality, the citizens are not happy and they were not even allowed to chose what they wanted from their government and now with Greece is shows that the citizens not even have a government to chose from

In other words, the powers behind the EUzones doesn't want countries to allow their citizens dictate the faith of their nations.

That goes against the meaning of democracy that means now giving away their nations sovereignty.

For the time been those that controls the debt control the countries in debt.

CRISIS OF NATIONAL DEMOCRACY?

Some politicians, notably in Italy's center-left opposition and among Greece's hitherto governing Socialists, are attracted to the idea of a temporary government of technocrats.

That may be because they are keen to avoid the odium of having to impose pay and benefit cuts and tax rises and roll back welfare and labor rights themselves.

Olaf Cramme, director of the Policy Network, a center-left think-tank, said national policy mistakes and a failure to explain the implications of economic globalization to European societies lay behind the growing legitimacy deficit.

"We are witnessing a crisis of national democracy as much as of European democracy. People's trust in national governments is extremely low,"

www.reuters.com...

Very soon we will lose our rights to chose our own destiny as citizens of the nations been exploited by the fews that controls the global markets all in the nation of preserving the so call debts wealth invested in human slavery, because when you lose the ability to chose your own government you are nothing but a slave of the status quo.

Here in America people are slowing waking up of what is now a corporate dictatorship running the nation.

reply posted on 15-12-2011 @ 06:12 PM by lmf21734