The German government has named the nine lawmakers who can decide in total secrecy what happens to hundreds of millions if not billions of German tax payer’s money in the next few years if the parliament votes „Yes“ to the ESM euro facility on June 29th.
The ESM spells taxation without representation. It is the end of all democracy. Germans can sign a petition against the ESM glorified debt collector agency here:
The ESM is accountable to no parliament, no people.
It can demand 800 billion euros in its first phase of operation and virtually unlimited sums thereafter from all eurozone government.
It appears to be authorized to take not only all the tax money a government collects. It appears to be able make a grab for all the assets of a country, including your personal property and other assets. Its staff stand above all laws.
They cannot be prosecuted no matter how great their crime.
This is the — illegal! –basis of the ESM. It violates the German constitution and the German constitutional court and parliament are breaking the law by signing this document in clear violation of the constitutional and recognized legal norms and in violation of the legal principles of the Nuremberg Trial.
In 1933, the German parliament also handed over all powers to the dictator Adolf Hitler. The post war German constitution was designed to prevent the parliament ever again betraying the people and handing key governmetn powers to an authoritarian body.
The power to tax and spend is a central power of every government. The ESM violates the German constitution. Taxing and spending are the responsible of parliaments representing the people. A nine person parliamentary budget gremium acting in secret does not fulfil the criteria in any honest court of law.
The ESM uses the money to make interest payments to banks on souvereign and bank debt. This is created largely by our privatised money supply with its interest and compound interest, the corsett of the euro currency and corruption. As such, it functions as a redistributor of wealth from the many to the few bankers and ultra rich.
The money paid out to the super rich will be gone for ever. The notion any of the creditor states will ever get any money from states forced into default is a fairytale. Taking the gold reserves and assets of impoverished countries and populations is politically impossible. It will spell war.
The only solution to the current crisis is sound money. The ECB must be allowed to give money directly and without charging interest to governments and businesses. This will stimulate economic activity without creating the excessive debt inherent in a privatised money system.
The modern fractional reserve banking system allows banks to create 97% of the money in the eurozone charging interest and compound interest even though they only have about 3% capital reserves.
The ESM and Eurobonds must be stopped. The usher in a centralised fascist government controlled by the banks, impoverishment and civil war of Europe.
Act now before it is to late!