What is being sacrificed to maintain the euro and the E.U./U.S. banking cartel? Everything of value: liberty, democracy and sovereignty.
Words have meaning and people should choose them carefully. Nigel Farage commented that what he saw in the faces of EU officials was "madness". We should not underestimate his assessment.
At some point these individuals have to be viewed as dangerous. If we peer beyond terms such as QE, printing money out of thin air, stimulate, etc, and understand their effect, they begin to appear not so benign.
What if central bank officials came out and said, "We are going to raise your taxes", or "we are going to reduce your purchasing power", or, down to its essential point, "we are going to take money out of your pocket"? We know that there would be an uproar.
So, what did Draghi just say? He said he is willing to destroy the purchasing power of the Euro in order to save it. But let's go deeper than that. These people are willing to see countries rip themselves apart, property destroyed, and most importantly, people dying, to preserve some frivolous ideology called the Euro. If on the other hand this is about maintaining the power of the elite, it is much worse, because if this were the case then we are seeing an attempt at totalitarian rule by what you call the "stateless state".
But of course, the markets cheered. At least that is how it is interpreted. I interpret it as people reacting to prevent the confiscation of their purchasing power by someone they cannot un-elect.
Who elected Draghi and endowed him the authority to tell Europeans that they will suffer and die before the Euro? How much violence is ready to be endured and how many lives is the EU body willing to sacrifice upon the alter of the Euro or any monetary system?
Not one official has declared that they will "do whatever needed" to preserve liberty, democracy and sovereignty. Does this imply the Euro has a higher priority? Does the end of the Euro or the present monetary system mean the sun will stop spinning and all of its planets will be sent hurtling through the cosmos?
The callousness and detachment from reality in an effort to save a nonessential thing makes them dangerous. The more desperate they become the more dangerous they become.
If just one of them would publicly muse aloud that perhaps a mistake has been made, and perhaps a rethink of the structure of the EU is appropriate, I would feel better. But they are willing to confiscate your labor through monetary chicanery, deny liberty, destroy democracy, ignore sovereignty, and even witness violence and death, not just in Europe but in the US as well, to maintain a system that is horribly and irrevocably broken.
Lastly, much is being made over whether the German Constitutional Court will ratify the ESM. The German High Court is wasting its time or willfully participating in a charade. A fund that will be used to bailout the very people who must provide funds to the fund is as ridiculous as this sentence sounds. Mind you that the countries that are suppose to provide funding to the ESM must borrow to do so and then must turn around and borrow from the ESM, effectively borrowing the same non-money twice -- at interest.
(If the money is "borrowed" from the ECB, which has no "money" and then "borrowed" from the ESM, the ESM will not owe a debt to the ECB. Therefore, the sovereign will owe a debt to the ESM and the ECB.)
All that has really been accomplished over the past hundred years is the establishment of elaborate transfer mechanisms, each destroying wealth one order of a magnitude faster than the previous.
I never thought I would witness such collective madness. But the worst part is that it is anything but benign, and, it is only just beginning.
Resistance, Revolution, Liberation: A Model for Positive Change (print $25)
(Kindle eBook $9.95)
We are like passengers on the Titanic ten minutes after its fatal encounter with the iceberg: though our financial system seems unsinkable, its reliance on debt and financialization has already doomed it.We cannot know when the Central State and financial system will destabilize, we only know they will destabilize. We cannot know which of the State’s fast-rising debts and obligations will be renounced; we only know they will be renounced in one fashion or another.
The process of the unsustainable collapsing and a new, more sustainable model emerging is called revolution.Rather than being powerless, we hold the fundamental building blocks of power. We need neither permission nor political change to liberate ourselves. A powerless individual becomes powerful when he renounces the lies and complicity that enable the doomed Status Quo’s dominance.
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