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:
[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.” First published by Global Research April 19, 2012.

70 per cent of Syrians voted in referendum to end one party rule and to have elections but have been hit by EU sanctions anyway. Aljazeera reported that no-one would vote, but it seems that a lot did. Basically the world is dividing into an Eastern and Western bloc over this, with Russia and China supporting Syria's right to settle its own affairs and the US and other Anglophone western nations and the EU are looking for a pretext to intervene and threatening crippling sanctions. Further down we might expect EU imposition of a no-fly zone to give them an excuse to invade, as has already happened in Libya. Is the end-objective to isolate Iran for its oil reserves? What's up? Here are some views.

Ellen Brown, author of The Web of Debt in a letter to US President Barack Obama, argues that the financial crisis, created by crooked bankers, can be solved without impoverishing America's Main Street, simply by the US Government taking back from private bankers the right to create money as President Abraham Lincoln did during the US Civil War. (Originally published on Global Research on 9 Apr 09.)

Contents: Lincoln's Monetary Breakthrough, Building on a Successful Tradition, The Perennial Inflation Question, A Wake-up Call, Notes. See also: G20 Authorizes Global Printing of Money Out of Thin Air of 8 Apr 09, The Financial War Against Iceland of 5 Apr 09 on Global Research on 9 Apr 09.

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