The European Stability Mechanism (ESM) is a treaty whereby European countries agree to pay the European Central Bank (ESB) whatever it demands, whenever it demands it.
The ESM can’t be sued, nor can its employees, and its actions are secret. Fascist financials!
In effect the ESM can steal worker’s money in one country and pay it to the politicians and the bent banks in another country. It is stability (free money) for the government and pain for the ordinary people.
Ireland votes this week to see if it wants the bloodsucker’s charter and the instability fund, or does it want to be free?
If the referendum comes out in favor of “No” vote. Then the Irish will have more referendums until the government gets the “Yes” vote it wants. They have done this before when they didn’t, at first, get the response they wanted.
Stuffing the European banks’ bills to the workers is popular in government circles as it ensures the government officials their pensions and benefits and fancy lifestyles. Essentially its endless debt to pay for importance.
In the 1930s it was bent banks that destroyed the wealth of the German people taking them to starvation and that brought in Hitler, so you can see where it might all lead. Military coups and violent revolutions in Europe might become the new “normal”.
The Euro is falling every day now and it may fall further, as countries struggle to rescue the banks and stay afloat. The pound, yen are Swiss franc are steady. Gold is best long term.
Here’s a video that explains the Europe’s chronic Instability Mechanism.
Stuart Wilde (www.stuartwilde.com)
©2012 Stuart Wilde. All rights reserved