After agreeing on a “Memorandum of Understanding” (fancy talk for letter filled with legal terms), Angela Merkel addressed the German Parliament Friday regarding the ESM or European Stability Mechanism, one of their 500 grand plans to fix the fundamentally flawed European Union. Subsequently, both houses approved the bailout, which also sets more lenient budget rules, and was implemented to ease borrowing costs without requiring more austerity. How is this funded? Well, the German taxpayer, the very entity Merkel insisted she would protect.
Just like how they do it here in the US, we’re reassured by a bought politician somehow that he/she would stand up for us, but when the moment comes, we get screwed. This is because the system is designed to make you rely on anyone or anything but yourself, and it wants you to give away your thoughts and opinions in the same way.
Beatrix Von Storch, a spokesperson for the Civil Coalition Movement in Germany, states that the measures are not backed by the German people:
Essentially the ESM works as follows: permanent bailout fund available only to those European nations that implement a “Financial Transaction Tax” – a tax on stock trades, for instance, which is estimated to raise 50 billion euro a year, and can be used to wind down, you guessed it, bad banks. Yes, that’s bailout # 51354356 for a bank, 0 for the people.
The bailout fund itself is just a pool of bank profits of the different EU banks, and since Germany’s are the only real solvent banks, the German people essentially pays for all of Europe.
In other words, all that wrangling and hand wringing for weeks to talk of a grand plan, only to have the German taxpayer bail out Europe, which is what the desperate “SAVE US ALL” crowd wanted.
The measure still has to pass constitutional muster with the German constitutional court in order to get the all clear on the presidential signature. Time will tell, but at the same time, I wouldn’t be surprised if it was approved despite hopeful calls that it will be struck down – we are relying on a corrupt system to clean itself, how does this make sense?
Always remember that for all the reform you’re wishing and hoping for, you’re asking a career politician, judge or bureaucrat to do 2 things they hate to do and are likely to never do: 1. shrink government -Â no bureaucrat really advocates for this and 2. make government jobs more accountable and more transparent and therefore, work on behalf of the people – the crooks want to collect their under the table paycheck without interference, thank you.
This is why we must raise our own leaders and our own voices. If you think that’s unrealistic, say hello to Nigel Farage and Ron Paul.
We must stop the wars by our own efforts. If you think that’s unrealistic say hello to Occupy (insert branch of service here).
We must stop this financial tyranny by the truth and changing the way we live. If you think that’s unrealistic say hello to the rising alternative media movement and the organic movement and buying local.
We must create a future for the younger generations so that humanity has hope. If you think that’s unrealistic say hello to students throughout the world marching the streets and fighting for their educations, say hello to the small but very vocal minority of “independent” politicians yelling about how we’re bankrupting our children.
There is hope, that’s all I’m saying. This is realistic.