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Video Explanation Of How The ESM Is Europe's Uber-TARP On Steroids

Tyler Durden's picture





 

Three years ago, Congress balked at the mere thought of giving Hank Paulson's (so lovingly portrayed in Andrew Ross Sorkin's straight to HBO Too Big To Fail) proposed TARP, which came in an "exhaustive" 3 page term sheet with limited bailout powers however with virtually unlimited waivers and supervision, and voted it down leading to one of the biggest market collapses in history. Curiously, a more careful look through Europe's €500 billion (oddly enough almost the same size as America's $700 billion TARP) European Stability Mechanism or ESM, reveals that in preparing the terms and conditions of the ESM, Europe may have laid precisely the same Easter Egg that Paulson did with TARP, but failed. Because at its core, the ESM is like a TARP... on steroids. It is a potentially unlimited liquidity conduit (only contingent on how much cash Germany wants to allocate to it - which in turn means how much cash Germany is willing to let the ECB print), with no supervisory checks and balances embedded, and even worse with no explicit or implicit liability clauses - in essence it is a carte blanche for its owners to do as they see fit without any form of regulation. As the following brief but must watch video explains, the ESM "is an organization that can sue us, but is immune from any forms of prosecution and whose managers enjoy the same immunity; there are no independent reviewers and no existing laws apply; governments can not take action against it? Europe's national budgets in the hands of one single unelected intergovernmental organization? Is that the future of Europe? Is that the new EU? A Europe devoid of sovereign democracies?" Ironically even America's feeble and corrupt Congress stopped a version of TARP that demanded far less from the taxpaying citizens. Yet somehow, Europe has completely let this one slip by. Is it simply to continue the illusion of the insolvent Walfare State for a continent habituated by zombifying socialism, or is Europe by now just too afraid and too tired to say anything against its eurocrat class? One thing is certain: when the people voluntarily give up on democracy, out of sheer laziness or any other reason, the historical outcomes are always all too tragic.

 


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Mon, 12/19/2011 - 23:07 | Link to Comment walküre
walküre's picture

The vid is produced by German liberty watchdogs. It is in English but with clear symbolic references to get German's attention.

ESM is Versailles 2.0 and not a single shot has been fired. Germany to the slaughterhouse to bleed them dry. The Rothschild's are never satisfied, never content.

What comes next? Well, if this vid and other information about ESM finds enough German response I guess the color brown could make a come back!

 

Mon, 12/19/2011 - 23:30 | Link to Comment dark pools of soros
dark pools of soros's picture

funny how all these warnings say call your reps instead of wake up and become a rep...  reach out and start your own political parties instead of whine to some puppet that is wankin to tranny porn on your dime

Tue, 12/20/2011 - 01:11 | Link to Comment Reptil
Reptil's picture

I've thought of that. It'll have to be covert at first though. I don't trust ANY of those corrupt fuckers. Secrecy to preserve the Constitutional rule of law? Strange times indeed.

Tue, 12/20/2011 - 00:24 | Link to Comment Scalaris
Scalaris's picture

Master / Slave 2012 

- Just because you have an iPad now, it doesn't make it any different.

In case anyone's still wondering

 

Tue, 12/20/2011 - 02:13 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

ESM doesn't matter, the Euro is toast.

...but maybe ESM would introduce a new currency, wiping out existing sovereign debt ...which would piss Germany off completely.

...and it doesn't prevent a nation from leaving the EU.

...which Germany would most certainly do if ESM becomes law.

...and let ESM try to stop Germany from leaving.  Good luck. 

I remember how Germany put the smackdown on Europe before.  I'm confident they could do it again.

I can hear Merkel asking the same question Stalin did:  "How many divisions does ESM have?"

"And look, it's right next door, we could conquer that area in two days."

Tue, 12/20/2011 - 05:06 | Link to Comment honestann
honestann's picture

I suspect two hours is sufficient.  The question is, are the politicians totally owned by the globalist NWO thugs who intend to completely enslave europe (and the rest of earth) by the end of 2012, aided by bogus self-fulfilling prophesy.  I believe ALL the politicians are totally owned, so the people better start sharpening their weapons.

Tue, 12/20/2011 - 02:43 | Link to Comment GreetingsFromGermany
GreetingsFromGermany's picture

This Video already exists since August - so that article is nothing new to the people in Germany.

We will see how they will bring the EMS in accordance with Federal Consitutional Court's verdict in Germany from September 7th which interdicts each kind of liability-automatism for the German tax-payers concerning the Euro-Bailout-Fund. Exactly this is what Goldman-Sachs-Brussels according that Video is claiming for.

 

German version of this Video from August:

http://www.youtube.com/watch?v=d6JKlbbvcu0

 

Federal Consitutional Court's verdict: 

"Derzeit besteht auch keine Veranlassung, einen unumkehrbaren Prozess mit Konsequenzen für die Haushaltsautonomie des Deutschen Bundestages anzunehmen. Das deutsche Zustimmungsgesetz zum Vertrag von Maastricht in der Fassung des Vertrags von Lissabon gewährleistet nach wie vor verfassungsrechtlich hinreichend bestimmt, dass sich die Bundesrepublik Deutschland keinem unüberschaubaren, in seinem Selbstlauf nicht mehr steuerbaren Automatismus einer Haftungsgemeinschaft unterwirft."

Source: Watch: http://www.bundesverfassungsgericht.de/pressemitteilungen/bvg11-055.html

 

 

Tue, 12/20/2011 - 04:29 | Link to Comment The Squid
The Squid's picture


There is an Eastern tale, which speaks about a very rich wizard who had a great many sheep. At the same time, this wizard was also very mean. He did not want to hire shepherds, nor did he want to erect a fence about the pasture where the sheep were grazing. The sheep consequently wandered often into the forest, fell into ravines and so on an, above all, they ran away, for they knew that the wizard wanted their flesh and their skins. This they did not like.

 

At last, the wizard found a remedy. He hypnotised the sheep and suggested to them, first of all, that they were immortal and that no harm was being done to them when they were skinned; that on the contrary, it would be very good for them and even pleasant; secondly, he suggested that the magician was a good master who loved his flock so much that he was ready to do anything in the world for them; and in the third place, he suggested that if anything at all was going to happen to them, it was not going to happen just then, at any rate not that day, and therefore they had no need to think about it. Further, the magician suggested to his sheep that they were lions, to some that they were eagles, to some that they were men, to others that they were wizards.

 

After this, all his cares and worries about the sheep came to an end. They never ran away again, but quietly waited the time when the wizard would require their flesh and skins.

 

This tale is a very good description of mankind's current position.

Tue, 12/20/2011 - 05:02 | Link to Comment honestann
honestann's picture

Wow, talk about psychotic, sociopathic, totalitarian predators gone wild.  If ANYONE in any government is willing to sign such a document, they are immediately guilty of treason and extreme and extraordinary crimes against humanity.  This is CLEARLY the creation of NWO criminals who wish to convert ALL of europe into absolute, complete, unlimited slave states & slave individuals.  They are criminally insane beyond limits that heretofore would have been laughed out of the room.  Unfortunately, over the past few decades the predators-that-be and predator-class have helped their fellow predators take over virtually all positions in government, so insanity of this order may indeed happen.

The globalist NWO predators-that-be and predator-class are clearly intent upon making 2012 the year the honesty, ethics, liberty and individualism are PERMANENTLY eliminated from planet earth.

They must be stopped at ANY cost.  The people of all countries should eliminate everyone in every government that attempts to enslave them.  Without a doubt, anyone who votes for such a document marks themselves an elitist predator and paints a bullseye on their own forehead, and marks themself for elimination.

Tue, 12/20/2011 - 05:43 | Link to Comment honestann
honestann's picture

The entirety of the financial system is so transparent.

1:  One group (central banks and their co-conspirator banks and financial institutions) is allowed to create fiat-debt "money" out of thin air (in a stupifying and increasing number of ways of late).  They produce ZERO to create this fiat-debt "money".

2:  Since they create this fiat-debt "money" at zero cost, they can lend it to anyone and everyone, especially when government agencies like FannyMae, FreddieMac, FHA and other agencies provide unlimited guarantees and endless bailouts whenever their ponzi scheme runs out of fiat-debt "money".

3:  This entices entire societies (and most of the world) into a world-wide society of massive debt, albeit fiat, fake, fraud, fiction, fantasy debt.

4:  When the gross economic inefficiencies created by central banks and governments causes recessions and depressions, the predators-that-be and predator-class of banksters and government co-conspirators dictates that ALL individuals in ALL lands must pay for ALL shortfalls so the predator-class who created all the nonexistent fiat-debt money can be "paid back".  The notions and history of "loan losses" and "backruptsy" are simply ignored so only borrowers can lose.  When borrowers CANNOT pay back the absurd loans during the horrible economies the predators created, the predators make EVERYONE (every citizen of every nation) liable for the absurd and irresponsible debts generated by private individual fools and insanely irresponsible governments.

5:  Under this unethical twisted scam the fiat-bankster-predator-class become the absolute masters of ALL, even including everyone who has been frugal and never taken any loans whatsoever.  They too are slaves to unlimited debts so large that they are unpayable in practice, especially given the trashed economies they created.

6:  Further, the predator-class gets the government to "legally" but not "lawfully" or "ethically" enslave the entire population of earth to the fiat, fake, fraud, fiction, fantasy, anti-productive bankster-predators who created and lent all the worthless fiat-debt.  They have the government transfer title to roads, national parks, endless wide open land (the western USSA for example), and unlimited other real assets where they exist at a tiny fraction of their actual value.

7:  Thus the entire world is enslaved by predators WHO PRODUCED ZERO.

This has always been the plan, for at least hundreds of years.  They are trying to complete this process in 2012 in an attempt to make the bogus 2012 prophesies function as cover for their plans.

I will not be a slave.  As this continues, ALL HUMAN BEINGS must refuse, must resist, must fight, and must absolutely refuse to be slaves.  At this point, it is almost certainly impossible to avoid a world-wide war between individual human beings and the eltist totalitarian predators-that-be and predator-class.  So be it.  Get ready, everyone.  Time grows short.

Tue, 12/20/2011 - 06:01 | Link to Comment Shylockracy
Shylockracy's picture

We should thank Jürgen Habermas for creating the expression "Links-Faschismus", or "Leftist Fascism" in English.

As a propagandist for the cultural marxist status quo in post-bellum Germany, he created this expression to attack those leftists who took communism even more seriously than his sinecured self did. He contrasted the bad communists, that is the radicals, the evil Linksfaschisten, against the good cultural communists like himself who live and rule Germany's public mind in symbiosis with the corporate behemoths and international banks which dominate politics. Good communists according to Habermas show "Verfassungspatriotismus", that is, a patriotism that refers not to quaint notions like people, nation or Fatherland, but that means rather blind subservience (Gehorsam) and loyalty to Germany's non-constitution, the so-called Basic Law.

In typical Orwellian manner, Habermas and his cultural marxist fellow travellers project their hideous and morally indefensible mirror-image onto their foes left and right. Once you understand this projection, things become much clearer. Fascism (corporate power and coopted unions amalgamated with the state) legitimized by marxist equality shoved down everyone's throats by an all-encompassing state, this dear ZHers, was the leftist fascist experiment carried out in both Germanys after the war and then, under the pretext of "globalization", extended to the whole world. So there you have it, Habermas never thought his ugly word Linksfaschismus could summarize so perfectly his ideology and our present situation, and likewise I never thought I could thank Habermas for anything beyond acknowledging his life-long attempts against human decency.

The Germans got it as reprisal for a lost war, now under the banner of a European Union, the other nations will share the same hopeless fate: a pointless existence of toil in an invisible reeducation camp. 

 

Tue, 12/20/2011 - 06:12 | Link to Comment falak pema
falak pema's picture

The Metternich construct is being boot strapped again. THe Merkozy eleventh hour play is just that. It was the congress of Vienna in 1814 that laid the pax Europa groundwork of regressionary, blood line europe, based on an equlibrium between Windsors, restored Bourbons (France/Spain) and existing Hapsburg/Romanov military coalition during NApoleonic wars.

It helped Britain to become top dog world wide and this fragile oligarchical peace which suffocated "people's progress" exploded after 1848 revolution in France and subsequent emergence of Bismark in Teutonic lands, replacing the dying HApsburgs. And we went straight into Lebensraum and confrontation in the context of the industrial revolution. Agrarian France got marginalised and lost three wars in the ensuing divide : 1870 (thanks to Krups Big Bertha guns), 1914 (thanks to machine guns and chemical weapons, until US/UK support killed KAiser) and 1939 (Guderian's tanks, Stukas). So it led to Armageddon and it brought down all three major Euro players as their surrogates, Romanovs and Italians. 

But Vienna laid the seeds of the Bilderberg construct, as Kissinger was the new Metternich and he resurrected that blood line-corpocracy alliance under post Bretton Woods pax americana. We are still in this global construct, where US MIC/ME OIL (and its reigning oligarchies now part of new corpocracy blood line)/ Global finance (WS-CIty cabal), rule the world. 

The Bush NWO has "blown" the equilibrium of Kissinger construct, as the financial ponzi under CLinton/Dubya has gotten totally out of hand. Just like France 1848 and social revoultion destroyed the Euro equilbrium of Vienna. 

Europe as US surrogate got sucked into financial mire in 2008, their banks already totally and inextricaby sold to the ponzi. It was in 2009 that Merkozy should have built firewall and cleaned out the Augean stables of Euro banks. But Brown opposed it and Merkel shrank back to NEIN play, basically not understanding the implications of the ponzi and its spiralling potential. It needed to be nipped in the bud then. Now having spread to the sovereign risks its in Euro political and financial heartland.

Trying now to build a political construct, firewall, in this eleventh hour, is more suicidal play. It will achieve nothing and it will marginalise and kill Euro democracies. The Oligarchical thieves have really fallen out and we are heading for Sarajevo 1914 type confrontation amongst them as they have no soution to financial spiral and consequent death of people's rule in western nations. AN oligarchy that is estranged from its people is condemned to death. That is History's fatal lesson. You cannot run a nation, its complexity, based on DICTACT and pure corrupt power play. Constantinople 1204, and collapse of Byzantine Empire in Europe. Then Rome 476 in DC/WS is now dangerously planned by current suicidal oligarchical momentum.

We are witnessing the regressionary phase, as in 1913, of western civilization. Its time to resurrect the sons of Renaissance and Enlightenment. 

Tue, 12/20/2011 - 17:43 | Link to Comment earleflorida
earleflorida's picture

WoW!!! Fantastic read,... keep em coming

condensed and to the point - the best

Tue, 12/20/2011 - 23:20 | Link to Comment honestann
honestann's picture

Those who tried pure power and dictat in the past did not have access to the technology that exists today.  It is VERY, VERY DANGEROUS to assume that the new crop of predators-that-be and predator-class cannot in fact destroy liberty forever and convert earth into a PERMANENT slave planet.  If people do not fight back physically, all is lost.  They do not listed to words or respond to words.  The only way predators can be effectively dealt with is extermination.

Tue, 12/20/2011 - 07:56 | Link to Comment WhiteNight123129
WhiteNight123129's picture

Ok,

Time to get the " resistant  " gear of my great grand father in the attic. Vive la liberte.

Tue, 12/20/2011 - 08:03 | Link to Comment Blorf
Blorf's picture

Does this surprise anyone?  On the day Kim Jong-Il died, we should recognize that North Korea is the end-stage of central planning.  In order to keep the European ponzi going, more and more draconian rules will have to be put in place. 

Tue, 12/20/2011 - 11:41 | Link to Comment GFORCE
GFORCE's picture

So basically europe wants an unaccountable central banks with federal governance and hundreds of millions of serfs with declining standards of living? Basically they want to be the US.

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