It’s here:
That’s the treaty establishing (which was originally done in
2012) the ultimate lending-fund for what the EU now officially considers
to be a permanent economic crisis in Europe, of member-nations that are
experiencing “severe financing problems,” and that are therefore
continually ripe for asset-stripping by aristocrats.
It’s called the European Stability Mechanism.
It’s anything but that. Here is what it actually does:
In other words: it establishes the European bureaucracy to serve
global aristocrats, so as to help them asset-strip the European
populations of corrupt member-nations. These bureaucrats get transferred
back-and-forth between this bureaucracy and the big financial
institutions (which also are dependent upon the same billionaires), so
that these bureaucratic servants of the aristocracy can themselves
gradually emerge as aristocrats, basically joining (now becoming
principals, no longer merely agents of) the aristocratic financial war
stripping the public.
Here are some key provisions of this “Treaty,” or Europe’s (or the EU’s) new constitution:
Article 34. Professional secrecy. The Members or former Members
of the Board of Governors and of the Board of Directors and any other
persons who work or have worked for or in connection with the ESM shall
not disclose information that is subject to professional secrecy. They
shall be required, even after their duties have ceased, not to
disclose information of the kind covered by the obligation of
professional secrecy.
Article 35. Immunities of persons. 1. In the interest of the ESM,
the Chairperson of the Board of Governors, Governors, alternate
Governors, Directors, alternate Directors, as well as the
Managing Director and other staff members shall be immune from legal
proceedings with respect to acts performed by them in their official
capacity and shall enjoy inviolability in respect of their official
papers and documents. …
Article 36. Exemption from taxation. 1. Within the scope of its
official activities, the ESM, its assets, income, property and its
operations and transactions authorised by this Treaty shall be exempt
from all direct taxes. …
It’s a “Mechanism” (basically, a government) to transfer to the
aristocracy the public’s assets, which are the lands and pensions and
healthcare and educational systems, which, in a democracy, are supposed
to serve the public, but which, in an aristocracy, serve instead the
billionaires. In Europe, aristocrats are still in charge.
For example, one confidential document, dated 11 June 2013, “Real Estate Based Asset Financing for the Hellenic Republic,” has this:
“The Hellenic Republic [Greece] holds a diverse collection of assets,
many of which have been scheduled for sale as part of its commitments
under the Memorandum of Understanding (MoU) between the European
Commission, the International Monetary Fund, the European Central Bank
[the three members of ’The Troika’], and the Hellenic Republic. The sale
of state-owned assets is a one-off opportunity to raise capital for the
Hellenic Republic [to be able to repay banks, which had lent to Greece
at an 18% interest rate — and thereby already enriched aristocrats
heavily at the public’s expense — and now retrospectively
taxpayer-guaranteeing those junk bonds, which global aristocrats had
bought through those banks, granting these 18%-interest-rate junk bonds a
retrospective AAA+ equivalent taxpayer-guaranteed status, courtesy of the politicians who were supposed to have represented the public].”
Furthermore: “This would help increase the privatisation proceeds
beyond the amount currently forseen in the MoU. The majority of the real
estate is undeveloped land, with substantial potential,” which
“potential” won’t be enjoyed by the Greek public via a future improved
Greek national economy and increased tax-income into the Greek
Government, but instead enjoyed by global aristocrats, who will be
buying that “undeveloped land” now, before its value soars — so that
aristocrats will be in on the rip-offs of the Greek public, both coming,
and, now, going.
The document specifies that, “A large part of the Greek real estate
portfolio is suitable for tourist development, and given Greece’s
climate and leisure and holiday potential this is the key source of
potential value for investors.” In other words: whatever desperate
Greeks will still remain in Greece after all of the stripping of the
assets of the state, will now become available, at rock-bottom
subsistence wages, to serve tourists, while the billionaire owners,
throughout the world, will be reaping the profits, from that land
(including the beaches and new hotels), and from their slaves there
(serving those tourists). This is commonly called “the free market”: the
more desperate and poor the public (the Greeks serving those tourists)
are, the more profit the aristocracy (the owners of those resorts) will
receive. After Barack Obama’s coup overthrew Ukraine’s democratically elected President in February 2014,
Ukraine’s soaring debt is already being treated this way (being set up
for privatization), even before Ukraine joins the EU (if it ever will).
Similarly, privatization followed the junta that Obama protected (if he didn’t even place them into power) in Honduras in 2009.
There is nothing basically new about this. Benito Mussolini introduced privatization in Italy during the 1920s. Admiring his success with that wealth-transfer to aristocrats, Adolf Hitler then took it up in Germany during the 1930s.
Nowadays, this is called “libertarianism” in the United States, and
“neoliberalism” in Europe. It’s just standard economic theory, being put
into political practice. Another term for it is “austerity” (as the
public calls it), or (to employ the economist’s euphemistic phrase for
it) “fiscal consolidation.”
What Mussolini and Hitler started, is now being put into practice
increasingly around the world, but it is no longer overtly called
“fascism.” Mussolini and Hitler were defeated in WW II, and so the label
“fascist” needed to be changed, but the aristocracy, which financed
fascists’ rises, has by now emerged victorious (in the U.S. and not only in Europe),
using deceit (including these new labels), instead of relying upon mere
bombs and guns. There are enough fools (‘libertarians,’ or believers in
‘the free market,’ etc.), so that victory comes far cheaper via such
deceits (mental coercion) than via violence (physical coercion —
coercion against the body). (But, of course, war, too, can be profitable.)
The entirety of the ‘Greek bailouts’ is bailouts of the aristocracy,
not of the public; it’s just like America’s ‘Wall Street bailouts,’
which bailed out the banksters instead of the cheated MBS investors and
homeowners. The ‘Greek bailouts’ were actually loans, not ‘bailouts’ at
all; and after the loans turned sour, taxpayers were forced to buy them
from the aristocrats, who were the ultimate recipients of the actual
bailouts. The lenders never bailed anybody out, but instead were bailed
out by the public. However, in the Greek case, the people who are blamed are the Greek public, who are being stripped. After all, such blame-the-victim is the natural response, for believers in ‘the free market.’ But
it would be like blaming the stripped pension funds, and the underwater
homeowners, for having caused the bailouts of Wall Street. Calling them
‘bailouts of Greece’ is the reverse of what they actually are, which is
an ongoing stripping of the Greek public. (Other European publics
should be angry against the aristocrats they’re bailing out, not against
the Greek public, who never benefited from those loans, and who aren’t
the people that socked away some or all of those borrewed funds into
Swiss or other accounts abroad.) It’s like blaming a raped woman for
having been raped. That’s conservative, in the extreme. It’s fascist.
The EU’s dictatorship is by the aristocracy, against the public. It’s
just like the U.S. dictatorship — competing parties, both or all of
which represent the aristocracy, against the public; none representing
the public, against the aristocracy. Conservatives support it, because
they support the aristocracy. (A reader replied to this, “it isn’t just
the doctrinaire conservatives that support the new aristocracy it is the
majority of the public”; but the majority of the public is
conservative, they’re devoted to myths; so, that’s not contradicting my
assertion, it’s just restating the tragedy.)
This is why inequality is high, and soaring. Democracy is disappearing.
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