This is how unelected bodies are using the Euro crisis to impose a European 'super-state'

It is a commonly held view that it is Germany calling the shots in the Eurozone currently, seizing the opportunity on the back of the sovereign debt crisis to consolidate power, and become the leading political authority in the Eurozone, and maybe even more broadly.

However as the following article points out, it is the European Central Bank that seems to be manipulating events in the Eurozone by way of its bond purchasing activities, and as such, undermine democracy and national sovereignty by removing democratically elected leaders and replace them with their own puppet regimes. As such, it may well be the ECB or some other similarly unelected body that becomes the ultimate authority over the Eurozone and EU in the near future:

Powergrab at the ECB

The battle between Germany–the largest economy in the eurozone–and the ECB has been brewing for months. Germany is adamantly opposed to any pooling of debts and, thus, will not support eurobonds, fiscal transfers or allowing the ECB to act as lender of last resort.

While the German position is principled, it is also impractical. Europe is in crisis, a slow-motion bank run is rapidly turning into a full-blown panic. Policymakers will have to be flexible if they want to avert another Lehman-type meltdown.

In contrast, the ECB position is not only unprincipled but also calculating and cynical. Everyone who’s followed events, knew that the emergency fund (EFSF) would never be ready in time to address the firestorm in the bond markets. That meant that yields would continue to rise (which they did) until the ECB provided some form of backstop. But the ECB delayed its intervention until it had toppled Prime Minister Silvio Berlusconi and inserted its own agent (Mario Monti) to carry out its diktats. In other words, ECB chief, Mario Draghi, deliberately manipulated bond purchases to effect regime change before thumbing his nose at Germany and doing exactly what he planned to do from the very beginning. For those who still doubt this, take a look at this article by Reuters on Friday:

“The European Central Bank is ready to show some flexibility in its response to the euro zone debt crisis, despite vocal resistance from a German-led group of ECB policymakers to the bank unleashing the overwhelming firepower it can muster….

ECB officials beyond the German-led group are ready to use the bank’s controversial bond-buying program to help lower government borrowing costs if they reach unsustainable levels, as Italy is experiencing….

ECB officials have welcomed the appointment of Mario Monti as Italy’s new prime minister and look forward to his administration delivering austerity measures to restore confidence in Italy’s strained public finances….

Marko Kranjec, chief of Slovenia’s central bank and, like Weidmann, a member of the ECB’s 23-member Governing Council, told Reuters on Saturday Italy’s austerity reforms go in the right direction and the ECB was willing to support sovereign borrowers as long as it does not put price stability at risk.

The legal processes for such a 'super-state' body is apparently being built into what is called the European Stability Mechanism:

Just consider the proposal for the European Stability Mechanism. The ESM is supposed to create a permanent facility that can provide loans to countries that are in distress due to rising yields on sovereign bonds. But the ESM’s real purpose is to establish a supra-national fiscal authority whose directors and staff share absolute “immunity from every form of judicial process.” The ESM is essentially a stealth government with unreviewable power to implement the policies of unelected banksters and bureaucrats.

The ESM creates the legal basis for an EU dictatorship. If the treaty is ratified, the ESM will be able to draw from a pool of $700,000 billion euros to purchase sovereign bonds of struggling countries. But that’s just the beginning, because according to Article 10: “the Board of Governors may decide to change the authorized capital and amend Article 8 accordingly”. In other words, the fund’s managers are free to increase the amount of the fund whenever they like and the individual states are “irrevocably and unconditionally” required to provide the money.

How’s that for democracy?

But what if a country is either unable or unwilling to pay extra money to the ESM?

Well, then, under Article 27, (titled) “Legal Status, privileges and immunities”…”The ESM …shall have full legal capacity to …institute legal proceedings.” So, the ESM has the right to sue the countries for damages for failure to meet the terms of the contract.

On the other hand, neither the ESM nor any of its managers or staff can be sued regardless of the offense. They have complete immunity from action taken by executive, judicial, or legislative branches of government. The treaty essentially repeals all civil and criminal statutes for anyone connected to the fund. Take a look:

Article 27–The ESM, its property, funding and assets shall enjoy immunity from every form of judicial process.

Article 27 (again): The property, funding and assets of the ESM shall…be immune from search, requisition, confiscation, expropriation, or any other form of seizure, taking or foreclosure by executive, judicial, administrative or legislative action.

Article 30: Immunities of persons: 1–Governors, alternate governors, directors, alternate directors, the Manging Director and staff members shall be immune from legal process with respect to acts performed by them …and shall enjoy inviolability in respect to their official papers and documents.

No one working for the ESM can be held accountable for anything regardless of how egregious the crime may be. And all personal and official documentation can be withheld from public review. No transparency whatsoever, complete secrecy.

Naturally, bankers, politicians, and other elites are trying to rush this anti-democratic abomination through the ratification process before the public figures out what’s really in it. They’re promoting the ESM as an essential tool for dealing with potential crises in the future. But, don’t believe it. The fatcats are just setting up for another round of looting.

Well how is that for usurping due democratic process and national sovereignty? Will individual countries and their constituents tolerate such an overarching arrangement? Oh but hold on! There are no constituents because the democratically elected governments have been removed and replaced with their technocratic ECB puppet regimes. So perhaps a moot point, as the Eurozone and EU head toward dictatorship there may be little if anything that any individual Euro countries can do to stall the dictatorial process as they are financially crippled and beholden to the big banksters and their draconian policies.

Here is an interesting video that outlines developments and how the ESM is forming the dictatorship:

I love the article 27 and article 30 part.

Does it give them a free ticket to do whatever they choose
without the worry of being prosecuted?

Are they above all law?

Are they the so called Elite?

Is Germany going to take this crap?

Release the hounds

reply to post by weirdguy


Is Germany going to tolerate this? And France? And Spain? And whoever else who hasn't already had their democratically elected government replaced with a technocratic bankster regime? Well going by the events in Greece and Italy, in the end, those other countries may well bend over and take it where the sun don't shine because they will have no choice if their bond yields surge on their sovereign debts that demand ECB purchases, and with that, just the right conditions to oust their governments as well. The new world order marches on!

Each financial debacle is followed by a concentration of power into the hands of the very same parties that created the mess. The recent debt debate is the US lead to the unconstitutional "supercongress".

Greece and a few others may well be banished from the Eurozone but plans are in the works to establish a new legal status of "EU citizens". This is extremely dangerous to both individual rights and national sovereignty. In the US, the 14th Amendment created the legal status of "US citizen". Prior to that amendment, individuals were nationals of the states in which they resided and US nationals based on agreement between individual states and the federal government. The new legal status has done more to strip individuals of their inalienable rights and liberties than anything in US history. We moved from common law to the statutory laws and regulations that destroy, penalize, suffocate and tax.

The central banks are counting on panic in order to jam their agenda through. If there were ever a time when people needed to be alert and informed it's now.

It's really time to start arresting all central bank vultures and their colluding past and present government stooges. The financial practices of these bankers aided and abetted by their bought and paid for politicians has taken a serious but manageable debt problem and ballooned it into the completely unmanageable situation we now face.

The people have been convinced that it's all their fault. True, they have some responsibility but the truth is these banks behaved recklessly and fraudulently leveraging bets 25x's, 40x's, and even 100x's and then selling insurance policies (credit default swaps) to hedge their bets. They sold this bag of waste to pension funds and each other. It's THEIR mess and they're using it to gain more power, steal assets and enslave the populace.

Arrests need to be made. The banks will not stop till they are stopped.

reply to post by robyn


Sorry but we cant arrest these buttheads.

They have a piece of paper with words like
article 27 and article 30

Just give them a good old fashioned lynching,
string them up by the short and curlies.

Or maybe some impailing like that Vlad guy.
Take that you bankers

So after 2000ish years of failing to build a European Empire that lasts more than a short while they are trying again in the assumption it will work this time.. I must say they are persistent, but I do feel that it'll end in tears as it always does...

reply to post by weirdguy


There are educated, moral people in all countries. The problem is one of education, organization and a a plan of action to combat these leaches.

Whatever you want to call "them" (globalists, elitists, TPTB, Rothschild Zionists, the cabal etc.), "they" have spent years organizing, planning and maneuvering into positions of power through the financing of "think tanks", foundations / NGO's, political graft and acquisition of majority control of media outlets. Through their "clubs" (i.e Biderberger, CFR, Trilateral Commission) they plan and coordinate their activities to further their nefarious agenda.

At this point, very dark forces sit atop the world power structure. This is a spiritual battle first and foremost. Then, moral people need to be educated and a plan of action devised. We need our own Bilderberger type meetings. The corruption has to be routed out en-mass, a just system instituted and crimes against humanity fully prosecuted.

There are many moral, intelligent people with excellent plans for better monetary systems, free markets, sound money. What is lacking is the organization and a cohesive plan. But, there is strength in numbers and as derided as the OWS movement has been in the media, it is a start. They're criticized for not having a message and a plan but everything has to start somewhere. It's up to the rest of us to educate and organize and hopefully build upon the genuine discontent permeating our society.

Europe is a little ahead of us on the globalists' timeline. America will follow. Now is the time to network and formulate an organized resistance and alternative to the hell that these miscreants have planned for us.

Lo and behold why will this be any surprise to anyone this days, the whole issue of the EU experiment has been one agenda to entice entire countries to one global rule

We have been on this one for quite sometime in the Market Data thread, but be aware that Hail Merkel of Germany is just the instrument willing enough to push this agenda, the real power behind this is been the same, have not changed over a century.

But beaware my friends because the Utopia that is been planned for the EU is about to burst into an economic crash that, while is been pushed back by promises of bailouts and debt infusing is going to blow regardless so the European utopia of a super state will crash before it even takes fly

Originally posted by surrealist
reply to post by weirdguy

 

Is Germany going to tolerate this? And France? And Spain? And whoever else who hasn't already had their democratically elected government replaced with a technocratic bankster regime? [...]

I really hope that this is the so-called "line in the sand" for all of us in the EU.
According to the comments in the German version of the Video here and the reactions I hear in "real life" alot of Germans are finally waking up... and they are mad about this.

Someone mentioned the fundamental right to resistance in § 20 Section 4 of the German Constitution:
(4) The German People have the right to resistance against anyone who undertakes to abolish the constitutional order, if no other remedy is possible.

reply to post by ColCurious

According to the comments in the German version of the Video here and the reactions I hear in "real life" alot of Germans are finally waking up... and they are mad about this.

Fascinating. Has it been mentioned in the MSM? How widespread is knowledge of what is being proposed?

reply to post by pause4thought

Don't get me wrong, our MSM are not mutch better than the MSM anywhere else, but several relevant print, TV and online news-media were reporting about the ESM.
Knowledge is still not widespread enough but awareness is growing.
71% Germans want to have a greater say in resolutions about EU policies according to a recent EMNID survey, which is refused by the Bundestag because the results would be "devastating".
Wolfgang Schäuble's (our Finance Minister who is in favour of the ESM) current approval ratings are miserable.
Germans are already skeptical about our Governments EU policy, mainly because of Germany's liability for 211 billion € of the EFSF.
Public opposition towards the EU is growing stronger every day.

reply to post by ColCurious


Listening to RT today the Russians are talking about an EU2. A common market with the possibility of a single currency which will not only include the eastern block but Cuba and Newzealand.

Well it has worked so well for Europe why wouldnt it be repeated???????

The banksters are confident they are untouchable and we apear impotent and unable to stop thier relentless march to the one world supremacy. The true OWS. They are the 1%

reply to post by ColCurious


I most sincerely hope that Germany pulls out of the EU and ends this sorry experiment.

ANY country that submits to this blackmail needs their heads examining. I would like to see the results of this super-bank trying to force Britain to cough up if they don't wish to. Sue them? Try it. Just who exactly is going to enforce some European Court decision? Send the troops in? Please try!

That would be the best way to end this bankster fraud.