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Rutte versus Erdogan 12 March 2017
Burada patron değil, Erdogan değilim !

Rutte versus Erdogan 12 March 2017 Dutch prime minister prevents Turkish ministers from attending a pro-Erdogan meeting


The secrets behind money The secrets behind money:

The bankers hat

The magic of bankers The magic of bankers

Always growing debts

The cancer of bankers The cancer of bankers

sign a loan
If you just sign here, I will give you a balance of $ 1,000 and you will owe me $ 1,000 plus interest.

The banking system in short The banking system in short

exchanging mutual claims
With just a tiny little bit of money bankers can pay each other millions...

Secrets of money, interest and inflation Secrets of money, interest and inflation

Debit, credit, banco! Debit, credit, banco!

Canadas_National_Debt_1940_1987
Politicians give billions away to private bankers...

A tale of two monetary systems A tale of two monetary systems

falling banknotes

Private banks or a bank of the government Private banks or a bank of the government. A comparaison.

From state debt to state money From state debt to state money

Towards a sound economy Towards a sound economy

Bank crisis? Reform!

Bank crisis? Reform! Bank crisis? Reform!

Wall_Street_Bull

the Derivative Scam Banking explained:
the Derivative Scam



The secrets behind the euro The secrets behind the euro:

The madness of the euro

The madness of the euro The madness of the euro

heavy euro

Out of the euro, and then? Out of the euro, and then?

hungry euro

ESM, the new European dictator! ESM, the new European dictator!

YouTube: The new European dictator

ESM robs the Treasuries in 3'51'' ESM robs the Treasuries in 3'51''

Keep quiet! We build Europe!
Keep quiet! We build Europe!"

ESM, a coup d'état in 17 countries! ESM, a coup d'état in 17 countries!

Zeus rapes Europa

Zeus rapes Europa Zeus rapes Europa

Goldman Sachs captures Europe

How the Goldman Vampire Squid Just Captured Europe ESM: How the Goldman Vampire Squid Just Captured Europe

NATO rescues euro in Libya

NATO rescues euro in Libya NATO rescues euro in Libya

Obama and Sarkozy in Libya
Obama and Sarkozy in Libya

Hillary Clinton's emails about Libya Hillary Clinton's emails about Libya

Euromania

EUROMANIA by Peter Vlemmix EUROMANIA by Peter Vlemmix

Ascensao_e_queda_do_euro

Autores:
Rudo de Ruijter
Yannis Varoufakis
Costas Lapavitsas
James K. Galbraith
Gerard Dunénil
Michael Hudson
Ed Dolan
Jacques Nikonoff
Jean-Claude Paye
Eugénio Rosa
Jorge Figueiredo

Exceptional offer
Exceptional offer:

Ivan Boyadjhiev, Confused Perspectives, 40 x 50 cm

Ivan Boyadjhiev, Confused Perspectives, 40 x 50 cm Ivan Boyadjhiev
Confused Perspectives
40 x 50 cm
Click here...




The secrets behind democracies The secrets behind democracies:

Power to the people

The road to democracy The road to democracy

The bizarre Dutch referendum

The bizarre Dutch referendum The bizarre Dutch referendum

Chicken_parliament

The chicken-parliament The chicken-parliament


secrets behind the war in Iraq The secrets behind the war in Iraq:

dollar_bill

Cost, abuse and danger of the dollar Cost, abuse and danger of the dollar

Iraq_Memorial

Iraq Memorial Iraq Memorial


The secrets behind the war in Afghanistan The secrets behind the war in Afghanistan:

Pipelines_to_9_11 / WTC

Pipelines to 9/11 Pipelines to 9/11


The secrets behind the accusations against IranThe secrets behind the accusations against Iran:

Raid on the nuclear fuel market

Raid on Nuclear Fuel Market Raid on Nuclear Fuel Market

Wipe Israel from the map? Wipe Israel from the map?


Farewell to growthFarewell to growth:

outlook_population

World Energy and Population World Energy and Population

World_Energy_Imports_Exports

Turning-point of humanity Energy crisis:
Turning-point of humanity




Facts and lies about the climateFacts and lies about the climate:

Climate Conference Paris 2015

Climate Conference Paris 2015 Climate Conference Paris 2015

The clockwork of the Earth and Sun

The clockwork of the Earth and Sun 1: The clockwork of the Earth and Sun

The activity of the Sun

The activity of the Sun 2: The activity of the Sun

CO2: scare, claims and fraud...

CO2: scare, claims and fraud... 3: CO2: scare, claims and fraud...

Uncover secrets Uncover secrets:

Sleepwalking

Wake up citizens? Wake up citizens?


HumorHumor:

Protest in Draguignan
There are alternatives to capitalism...

Protest in Draguignan Protest in Draguignan

Cartoons

More cartoons Click here fore many more original cartoons...


Treaties Treaties:


Treaty establishing the European Union (EU) Treaty establishing the European Union (EU)

Treaty on the Functioning of the European Union (TFEU) Treaty on the Functioning of the European Union (TFEU)

Amendment article 136 TFEU Amendment article 136 TFEU

First version of the ESM First version of the Treaty establishing the European Stability Mechanism (ESM)(not ratified)

ESM Treaty establishing the European Stability Mechanism (ESM)

TSCG Treaty on Stability, Coordination and Governance in the economic and monetary union (TSCG)

Vienna Convention 1969 Vienna Convention on the Law of Treaties 1969

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11 Septiembre 2001
24h Gold
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Rudo de Ruijter

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Christine, Corinne, Francisco, Evelyne, Françoise, Gaël, Peter, Ingrid, Ivan, Krister, Jorge, Marie Carmen, Ruurd, Sabine, Lisa, Sarah, Valérie & Anonymous...

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Alter Info
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Come Don Chisciotte
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The European Stabilization Mechanism,

Or How the Goldman Vampire Squid Just Captured Europe

by Ellen Brown,
President of the Public Banking Institute,
United States
18 April 2012

The Goldman Sachs coup that failed in America has nearly succeeded in Europe — a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers.

Goldman Vampire Squid
Click to enlarge

In September 2008, Henry Paulson, former CEO of Goldman Sachs, managed to extort a $700 billion bank bailout from Congress. But to pull it off, he had to fall on his knees and threaten the collapse of the entire global financial system and the imposition of martial law; and the bailout was a one-time affair. Paulson’s plea for a permanent bailout fund—the Troubled Asset Relief Program or TARP—was opposed by Congress and ultimately rejected.

By December 2011, European Central Bank president Mario Draghi, former vice president of Goldman Sachs Europe, was able to approve a 500 billion Euro bailout for European banks without asking anyone’s permission. And in January 2012, a permanent rescue funding program called the European Stability Mechanism (ESM) was passed in the dead of night with barely even a mention in the press. The ESM imposes an open-ended debt on EU member governments, putting taxpayers on the hook for whatever the ESM’s Eurocrat overseers demand.

The bankers’ coup has triumphed in Europe seemingly without a fight. The ESM is cheered by Eurozone governments, their creditors, and “the market” alike, because it means investors will keep buying sovereign debt. All is sacrificed to the demands of the creditors, because where else can the money be had to float the crippling debts of the Eurozone governments?

There is another alternative to debt slavery to the banks. But first, a closer look at the nefarious underbelly of the ESM and Goldman’s silent takeover of the ECB . . . .

The Dark Side of the ESM

The ESM is a permanent rescue facility slated to replace the temporary European Financial Stability Facility and European Financial Stabilization Mechanism as soon as Member States representing 90% of the capital commitments have ratified it, something that is expected to happen in July 2012.

A December 2011 youtube video titled “The shocking truth of the pending EU collapse!”, originally posted in German, gives such a revealing look at the ESM that it is worth quoting here at length. It states:

The EU is planning a new treaty called the European Stability Mechanism, or ESM: a treaty of debt. . . . The authorized capital stock shall be 700 billion euros. Question: why 700 billion? [Probable answer: it simply mimicked the $700 billion the U.S. Congress bought into in 2008.] . . . .

[Article 9]: “. . . ESM Members hereby irrevocably and unconditionally undertake to pay on demand any capital call made on them . . . within seven days of receipt of such demand.” . . . If the ESM needs money, we have seven days to pay. . . . But what does “irrevocably and unconditionally” mean? What if we have a new parliament, one that does not want to transfer money to the ESM? . . . .

[Article 10]: “The Board of Governors may decide to change the authorized capital and amend Article 8 . . . accordingly.” Question: . . . 700 billion is just the beginning? The ESM can stock up the fund as much as it wants to, any time it wants to? And we would then be required under Article 9 to irrevocably and unconditionally pay up?

[Article 27, lines 2-3]: “The ESM, its property, funding, and assets . . . shall enjoy immunity from every form of judicial process . . . .” Question: So the ESM program can sue us, but we can’t challenge it in court?

[Article 27, line 4]: “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.” Question: . . . [T]his means that neither our governments, nor our legislatures, nor any of our democratic laws have any effect on the ESM organization? That’s a pretty powerful treaty!

[Article 30]: “Governors, alternate Governors, Directors, alternate Directors, the Managing Director and staff members shall be immune from legal process with respect to acts performed by them . . . and shall enjoy inviolability in respect of their official papers and documents.” Question: So anyone involved in the ESM is off the hook? They can’t be held accountable for anything? . . .

The treaty establishes a new intergovernmental organization to which we are required to transfer unlimited assets within seven days if it so requests, an organization that can sue us but is immune from all forms of prosecution and whose managers enjoy the same immunity. There are no independent reviewers and no existing laws apply? Governments cannot 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?

The Goldman Squid Captures the ECB

Last November, without fanfare and barely noticed in the press, former Goldman exec Mario Draghi replaced Jean-Claude Trichet as head of the ECB. Draghi wasted no time doing for the banks what the ECB has refused to do for its member governments—lavish money on them at very cheap rates.

French blogger Simon Thorpe reports:

"On the 21st of December, the ECB “lent” 489 billion euros to European Banks at the extremely generous rate of just 1% over 3 years. I say “lent”, but in reality, they just ran the printing presses. The ECB doesn’t have the money to lend. It’s Quantitative Easing again [1].

The money was gobbled up virtually instantaneously by a total of 523 banks. It’s complete madness. The ECB hopes that the banks will do something useful with it – like lending the money to the Greeks, who are currently paying 18% to the bond markets to get money. But there are absolutely no strings attached. If the banks decide to pay bonuses with the money, that’s fine. Or they might just shift all the money to tax havens."

At 18% interest, debt doubles in just four years. It is this onerous interest burden, not the debt itself, that is crippling Greece and other debtor nations. Thorpe proposes the obvious solution:

"Why not lend the money to the Greek government directly? Or to the Portuguese government, currently having to borrow money at 11.9%? Or the Hungarian government, currently paying 8.53%. Or the Irish government, currently paying 8.51%? Or the Italian government, who are having to pay 7.06%?"

The stock objection to that alternative is that Article 123 of the Lisbon Treaty prevents the ECB from lending to governments. But Thorpe reasons:

"My understanding is that Article 123 is there to prevent elected governments from abusing Central Banks by ordering them to print money to finance excessive spending. That, we are told, is why the ECB has to be independent from governments. OK. But what we have now is a million times worse. The ECB is now completely in the hands of the banking sector. “We want half a billion of really cheap money!!” they say. OK, no problem. Mario is here to fix that. And no need to consult anyone. By the time the ECB makes the announcement, the money has already disappeared.

At least if the ECB was working under the supervision of elected governments, we would have some influence when we elect those governments. But the bunch that now has their grubby hands on the instruments of power are now totally out of control.

Goldman Sachs and the financial technocrats have taken over the European ship. Democracy has gone out the window, all in the name of keeping the central bank independent from the “abuses” of government. Yet the government is the people—or it should be. A democratically elected government represents the people. Europeans are being hoodwinked into relinquishing their cherished democracy to a rogue band of financial pirates, and the rest of the world is not far behind. Rather than ratifying the draconian ESM treaty, Europeans would be better advised to reverse article 123 of the Lisbon treaty. Then the ECB could issue credit directly to its member governments.

Alternatively, Eurozone governments could re-establish their economic sovereignty by reviving their publicly-owned central banks and using them to issue the credit of the nation for the benefit of the nation, effectively interest-free. This is not a new idea but has been used historically to very good effect, e.g. in Australia through the Commonwealth Bank of Australia and in Canada through the Bank of Canada. Today the issuance of money and credit has become the private right of vampire rentiers, who are using it to squeeze the lifeblood out of economies. This right needs to be returned to sovereign governments. Credit should be a public utility, dispensed and managed for the benefit of the people.

To add your signature to a letter to parliamentarians blocking ratification of the ESM, click here.

Ellen BrownEllen Brown is an attorney and president of the Public Banking Institute, http://public bankinginstitute.org. In Web of Debt, her latest of eleven books, she shows how a private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her websites are http://www.webofdebt.com and http://ellenbrown.com.

copyright: Courtesy Ellen Brown

 

Added note from Rudo de Ruijter:

[1] Wikipedia: Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the national economy when conventional monetary policy has become ineffective. A central bank buys financial assets to inject a pre-determined quantity of money into the economy. This is distinguished from the more usual policy of buying or selling government bonds to keep market interest rates at a specified target value. A central bank implements quantitative easing by purchasing financial assets from banks and other private sector businesses with new electronically created money. This action increases the excess reserves of the banks, and also raises the prices of the financial assets bought, which lowers their yield. ( http://en.wikipedia.org/wiki/Quantitative_easing?oldid=0 )

 

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