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courtfool-favicon New:
Bizarre referendum in the Netherlands

The bizarre Dutch referendum

courtfool.info new article The bizarre Dutch referendum


courtfool-favicon The secrets behind democracies:

courtfool red key The road to democracy

courtfool red key The bizarre Dutch referendum

Chicken_parliament

courtfool yellow key The chicken-parliament


courtfool-favicon The secrets behind money:

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.

courtfool red key The banking system in short

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

courtfool red key Secrets of money, interest and inflation

courtfool yellow key Debit, credit, banco!

Canadas_National_Debt_1940_1987
Politicians give billions away to private bankers...

courtfool red key A tale of two monetary systems

falling banknotes

courtfool red key Private banks or a bank of the government. A comparaison.

courtfool red key From state debt to state money

courtfool red key Towards a sound economy

Bank crisis? Reform!

courtfool red key Bank crisis? Reform!

Wall_Street_Bull

courtfool red key Banking explained:
the Derivative Scam



courtfool-favicon The secrets behind the euro:

The madness of the euro

courtfool red key The madness of the euro

heavy euro

courtfool red key Out of the euro, and then?

hungry euro

courtfool red key ESM, the new European dictator!

YouTube: The new European dictator

courtfool TouTube key ESM robs the Treasuries in 3'51''

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

courtfool red key ESM, a coup d'état in 17 countries!

Zeus rapes Europa

courtfool yellow key Zeus rapes Europa

courtfool red key ESM: How the Goldman Vampire Squid Just Captured Europe

NATO rescues euro in Libya

courtfool yellow key NATO rescues euro in Libya

Obama and Sarkozy in Libya
Obama and Sarkozy in Libya

courtfool.info red key Hillary Clinton's emails about Libya

Euromania

courtfool TouTube key 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

courtfool-faviconThe secrets behind the war in Iraq:

dollar_bill

courtfool red key Cost, abuse and danger of the dollar

Iraq_Memorial

courtfool no key Iraq Memorial


courtfool-faviconThe secrets behind the war in Afghanistan:

Pipelines_to_9_11 / WTC

courtfool red key Pipelines to 9/11


The secrets behind the accusations against Iran:

courtfool red key Raid on Nuclear Fuel Market

courtfool yellow key Wipe Israel from the map?


courtfool-faviconFarewell to growth:

outlook_population

courtfool red key World Energy and Population

World_Energy_Imports_Exports

courtfool red key Energy crisis:
Turning-point of humanity




Facts and lies about the climate:

Climate Conference Paris 2015

1: The clockwork of the Earth and Sun

2: The activity of the Sun

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

courtfool-favicon Uncover secrets:

Sleepwalking

courtfool yellow key Wake up citizens?


courtfool-faviconHumor:

Protest in Draguignan
There are alternatives to capitalism...

courtfool no key Protest in Draguignan

courtfool no key Click here fore many more original cartoons...


courtfool-favicon Treaties:


stroke Treaty establishing the European Union (EU)

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

stroke Amendment article 136 TFEU

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

stroke Treaty establishing the European Stability Mechanism (ESM)

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

stroke Vienna Convention on the Law of Treaties 1969

courtfool-favicon Do you want to know who publishes the fool's articles?

Publishers

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courtfool-faviconSpecial thanks to:

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

courtfool-faviconAcknowledgements for translations:

StartTranslators

Alter Info
Carlo Pappalardo
Come Don Chisciotte
Ermanno di Miceli
Ivan Boyadjhiev
Jorge G-F
Lisa Youlountas
Jose Joaquin
Manuel Valente Lopes
Marcella Barbarino
Marie Carmen
Mary Beaudoin
Michel Ickx
Михаил
Natalia Lavale
Nicoletta Forcheri
Peter George
Resistir Info
Traducteur sans frontière
Valérie Courteau

StartJoinTranslators

courtfool-faviconDo you want to translate too?

translator
Information stops at the linguistic borders. All translations on this site have been made by volunteers. If you speak more than one language, please consider translating an article too. Thank you in advance in the name of the thousands of people who will be able to read your translation.
Please contact:
Rudo de Ruijter
courtfool@xs4all.nl

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European Action
against ESM

Initiated by Rudo de Ruijter, independent researcher, Olivier van Noortstraat 13, 6991 BG Rheden, Netherlands
The original starting pages for this action are located at www.courtfool.info
To contact me, please see per item here below.

The content of this page is updated continuously. Press F5 for the latest version!

The Treaty establishing the European Stability Mechanism (ESM) has been signed 2 February 2012 and Brussels wants it to be in force 1 July 2012. However, before that, the Parliaments and Senats of the 17 euro-countries still have to vote  wether they accept this dangerous treaty or not. These procedures for the ratification have already started! We have to act very urgently and efficiently!

Short video 3'51''  http://www.youtube.com/watch?v=rxMOW94V6xQ

English text of the treaty: http://www.european-council.europa.eu/media/582311/05-tesm2.en12.pdf
(If unavailable, here a copy )

The ESM in very short

The ESM has the appearance of an emergency fund. It is a permanent fund, replacing the EFSF and EFSM established in 2010. With a starting capital of 700 billion euros, it can decide itself to increase this capital indefinitely and claim the payments by the national Treasuries whenever it wants. To give you an idea what 700 billion represents, that is for each country a contribution that comes close to the amount of the income taxes for one year. Long live the budget cuts! Long live austerity! The ESM disposes of this money as it likes, without the least democratic influence, without any control, without having to account to anyone. A real dictatorship!

Its official purpose is to help countries with financial difficulties. In fact, it loads ever more debts on indebted countries. Its loans come with conditions that put the countries under guardianship, replacing democratically chosen leaders by bankers. With imposed budget cuts, the ESM acts as a demolisher, that deliberately causes severe economic crises and massive unemployment. That goes for the countries that contribute financially, as well as the countries that accept to borrow from the ESM. It is the Choc Doctrine as described by Naomi Klein.

Politicians, like the Dutch Rutte and de Jager, like to make believe that it’s the countries own fault if they are indebted. They would employ too many officials, they would have taken bad decisions, they would be lazy-bones or they would have lied about the debts they had. Note that none of these countries had major problems when they entered the eurozone. It would not have been accepted. In fact, the cause of their indebtment is the euro! Read the explanation in the letter here below.

To stop the ESM, all Europeans have an interest that this treaty gets the least possible ratifications.

A collective letter has been sent to the parliamentarians and senators who vote about its ratification.

Dear Deputy / Dear Senator,

Essential information has remained hidden in the large pile of documents about the ESM.

The euro has one unsolvable issue!  You do not have to be an expert to see this.  Within one minute you will understand. Here is the explanation:

With open borders and shared currency, nothing prevents consumers in countries with lower productivity from preferring cheaper and better products from countries with higher productivity. This causes a constant flow of euros from weaker countries to stronger countries.  Consequently these weaker countries are permanently short of euros and are obliged to borrow more  all the time, simply to dispose of euros.

(Before the introduction of the euro, these countries could devaluate their currency. This way imported products became more expensive for their own population and exported products became cheaper for foreign purchasers. This way, domestic productivity increased again and foreign debt decreased.)

Within the euro-zone, there are big differences in productivity, caused by differences in climate, fertility of soils, availability of fresh water, distances to be covered, natural barriers in transportation, availability of energy sources etc. These conditions largely determine success or failure of economic activities. Greece, Italy Spain and Portugal will never resemble Germany.

Moreover, the European Central Bank only disposes of one interest rate for 17 different economies. A change of this rate - which has always been mentioned as  an important tool  to influence the economy -  can only be profitable for a few countries, while the others suffer from the consequences. Monetarily this zone is ungovernable.

The ESM and the associated treaties just treat the symptoms of the imbalances within the euro zone.  No measure can eliminate the differences. Ever since 1970, leading economists have been warning us about this problem. (See attached references.) Although politicians may have beem well-intentioned, introducing a common currency in such a heterogeneous area was a big mistake.

The crisis of 1930 was also caused by politicians who ignored the elementary workings of the economy,  or did not want to see them because they did not fit in their ideas. Clearly, anyone who critically assesses these issues understands that with the giant financial contributions to the ESM and the imposed austerity rules, we run straight into another large-scale crisis.

Because there has been no referendum about the transfer of competences to Brussels, and because no major public debates on this issue have taken place, your personal responsibility in the decision about the ESM is enormous. We are aware of the pressure exerted on you from all sides.

We intend to publish the vote of each Parliamentarian and we will bring it to the attention of the widest possible public, so voters can take this into account at the next election.

Yours sincerely,

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