*172 GERMAN ECONOMISTS LEAD RESISTANCE TO TAXATION WITHOUT REPRESENTATION AND DEBT SLAVERY BONDAGE
*ECONOMISTS CALL ON CITIZENS TO TAKE TO THE BARRICADES
*GERMAN CONSTITUTIONAL COURT EXPECTED TO PASS ILLEGAL ESM AND FISCAL PACT
*GERMAN CONSTITUTION MAKES RESISTANCE TO ABOLITION OF DEMOCRACY AND SOUVEREIGNTY A MORAL AND LEGAL DUTY
*PROFESSOR WARNS OF POVERTY AND DICTATORSHIP IN BLACKEST DAY IN MODERN GERMAN HISTORY COMPARABLE TO THE EMPOWERMENT OF THE DICTATOR HITLER IN 1933
Leading economists in Germany have called on the citizens to take to the streets to protest the governments decision to use limitless amounts of tax payers money to pay creditors of crisis-hit eurozone banks in Wall Street and the City of London.
172 top economists, including Hans Werner Sinn from the Ifo institute, signed an open letter to Angela Merkel warning of a financial disaster if the permanent ESM and fiscal pact goes ahead.
The letter notes that the debts of the southern eurozone banks are three times higher than the national souvereign debts and amount to 9 trillion.
Wall Street, the City of London and a few German investors and banks are the only winners of the decision to use tax money to shore up failed Spanish and Italian and Irish banks, the economists say.
Banks must be allowed to fail. Investors who have made poor decisions have to bear the losses if banks default argues the open letter published in the Frankfurter Allgemeine Zeitung.
The economists say that it is delusionary to think the German parliament – or specifically ist tiny and secretive committee – can control the outflow of funds from the ESM and EFSF to „recapitalise“ Spanish and Italian banks or buy worthless bonds, lining the pockets of the super rich.
The sums involved are so large they will leave the German state with no money to run the country, resulting in social breakdown.
The money for the bankers in Wall Street, the City of London and German banks are to be taken from the people and given straight to the bank bypassing all parliamentary control in a move which financial expert Drik Müller called „madness.“
A former justice minister was among those who has already filed a complaint against the taxation without represenation measure passed by the Bundestag in the blackest day in the country’s modern history since the empowerment law of Adolf Hitler in 1933.
Prof. Karl Albrecht Schachtschneider: said the ESM and fiscal pact effectively abolishes the constitution and the German constitutional court and called on citizens to do their duty take to the street if the judges at the constitutional court fail to stop the abolition of democracy, the rule of law and German souvereignty.
Prof. Wilhelm Hankel warned that the country was facing poverty and dictatorship. He said that the ESM and fiscal pact spelled total impoverishment of Europe, a totalitarian government and the end of western civilisation.
Never in modern German history have the people been so betrayed by their government as today when they were sold into perpetual debt slavery by a corrupt political, corporate and media elite.
Fortunately, the calls for resistance to the coup d’etat by the banksters against the democratic constitution has sparked calls for resistance from across society.
Article 20 of the German constitution calls on all citizens to actively resist the abolition of the constitutional framework safeguarding democracitc order and soverignty of Germany.
It is now the moral duty of every German to learn from the black chapter of Nazi history, rise up and fight for the constitution and restore law and order and sound money.
Among the opposition emerging to the debt slavery in Germany is an association representing family-owned companies.
Not just every German, but every person in Europe and the UK has to mobilise to stop the bankster take over of our societies. This is a tiny clique. Their names and identities are known and it is time for citizens to make citizen arrests of the criminal elite.