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European Stability Mechanism Spreads to Italy 

By LUIS MIRANDA | THE REAL AGENDA | JULY 3, 2012

The European technocracy has set its firm feet in Spain and now the bankers that control the financial institutions that Spain just surrendered to are moving to their next prize: Italy. By accepting the rules set in the latest rescue agreement, Spain, France, Italy and Germany turned into pawn waiting in line to be absorbed by the bankers and now, it is Italy’s time. One only has to read some of the most revealing articles and sections of the financial rescue package to realize what Europe will look time in a not too distant future.

While the media concentrates their commentary and uninformed reports on how Angela Merkel succumbed to Italian and Spanish requirements to sign on to the bankers plans, they ignore other more important details included in the agreement. Article 8, for example, authorizes the bankers to fix capital stock at 700,000 billion euros, for now. Article 9 obligates members of the European Stability Mechanism (ESM) to  “irrevocably and unconditionally undertake to pay on demand any capital call made on them . . . such demand to be paid within seven days of receipt.” Members of the ESM include not only the four big Euro nations, but also the Kingdom of Belgium, the Federal Republic of Germany, the Republic of Estonia, Ireland, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic, the Republic of Cyprus, the Grand Duchy of Luxembourg, Malta, the Kingdom of the Netherlands, the Republic of Austria, the Portuguese Republic, the Republic of Slovenia, the Slovak Republic and the Republic of Finland.

Article 10 gives the complete power to the ESMs Board of Governors — the real controllers — to “change the authorised capital and amend Article 8 . . . accordingly.” Further ahead on article 32, paragraph 3 says that the ESM, its property, funding, and assets . . . shall enjoy immunity from every form of judicial process . . . .” This assures the bankers that none of them will ever have to be accountable for any nation or any individual, because the countries agreed to such immunity. On paragraph 4 the power grab continues: “The property, funding and assets of the ESM shall . . . be immune from search, requisition, confiscation, expropriation, or any other form of seizure, taking or foreclosure by executive, judicial, administrative or legislative action.”

Additionally, Article 30 says that the Governors, Directors and others “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.” Bankers and their servants are now officially free from all responsibility, no matter how badly they behave, whether they do it purposely or not.

Now that four of the biggest countries in Europe have accepted the bankers’ requests, the wave of so-called financial bailouts and rescue packages now will begin to spread over to Italy. Before the negotiations were completed last week, Mario Draghi, the former head of the Italian Central Bank had been named as the replacement for Jean-Claude Trichet at the European Central Bank. Before getting to the ECB, Draghi was the Vice Chairman and Managing Director of Goldman Sachs International, which definitely facilitated the adoption of the bankers’ measures in Italy.

Back in 2011, Draghi confessed to the Financial Times that the goal of the ECB was to facilitate funding to the banks and that it would the banks who would decide what to do with those funds. He also said that he had no idea what the banks would do with the money. When asked about the destination of the money, Draghi said: “we don’t know exactly, but the important thing was to relax the funding pressures.” So, governments got their citizens in deeper debt without holding the bankers accountable for the use of that money. It was all about bringing about relief to the bankers who seemed not to have enough cash bonuses in their bank accounts.

Previously, when governments actually received bailouts from the European central bankers, they did have to “invest” the funds in whatever the lenders decided what was useful. They were not only told how to spend the money, but also to impose austerity in order to impose punishments to the lower and middle classes. The countries, differently from the bankers, had to commit to paying exorbitant interests rates, while the banks got their money at zero or near zero percent. While the bankers reported larger earnings and as a consequence amassing more cash in bonuses, the populations of Greece, Italy, Spain and others had their social fabric destroyed by design. While people got strangled, the bankers that caused the crisis got relaxed.

Before last weeks agreement between the European bankers and the European leaders, Draghi had explained that the ECB wanted to “restore confidence” and that the ECB would do whatever it took to achieve such a goal. What Draghi did not say was where that restoration of confidence would be pointed towards. It was directed to the bankers, as we now know, and that confidence was based on the fact that the banks, as the ESM says, will not be held accountable and will be completely immune against any and all courts. The bankers have now legalized whatever they want to do in the present and in the future. They are now confident again. Draghi also said the countries needed to have “comprehensive structural reform and accept fiscal discipline”. Those two goals have been achieved and together with them the bankers’ ability to impose a process of fiscal consolidation, which is not completely in their hands.

The banker acquisition of Italy, though, could not be complete without another significant partner: Mr. Mario Monti. The arrival of Monti to the highest office in Italy was done as smoothly as possible for someone who was not even elected. Monti was the trojan horse the European bankers had prepared to take Italy over. Mario Monti became Italian Prime Minister after Silvio Berlusconi resigned under popular pressure. Where did Monti come from? Before he became the Italian Prime Minister, he was a senior advisor to Goldman Sachs and a leader in the Bilderberg Group and the Trilateral Commission. Is there a need to say anything else about his arrival to Italy’s supreme office? There should is.

The Trilateral Commission was created by David Rockefeller and Zbigniew Brzezinski back in 1973. The organization was created supposedly to organize the creation of policy between the powerful nations to impose a global system of control that would be brought about to “heal economic inequality”. The banks had in their mind plans to end the so-called inequality and create a new system of equality, and they have been very successful. They have managed to turn most people in the world equally poor. The creation of groups like Bilderberg and the Trilateral Commission achieved what previous globalist organizations had failed to do: create and enforce globalist policies while destroying sovereignty without being stopped by national legal systems. That also allowed them to remain hidden in the shadows, while their frontmen — presidents and prime ministers — did they work for them.

The continuation of the technocratic system of control has now entered a new level with the legitimization of the European Stability Mechanism. Whatever the Trilateral Commission and the Bilderberg Group achieved from the shadows will now be multiplied by a legalized financial control system to which all of Europe has bowed to by accepting the banker run ESM. The bankers and their frontmen aren’t apologetic neither apologetic nor secretive about what they’re doing anymore. Perhaps the most revealing proof of this is David Rockefeller’s statement that he was proud to be part of  the cabal in charge of conspiring to impose a global political and economic government. “If that’s the charge, I stand guilty, and I am proud of it,” he once said.

The work that began with David Rockefeller, Zbigniew Brzezinski and others is now being continued by men like Mario Draghi, Christine Lagarde, and Jose Manuel Barroso. The arrival of the “rule of the banks” was announced by Draghi, who said the time was ripe to end the traditional social contract. “There is no escape from tough austerity measures,” he added. Mario Draghi said only austerity combined with structural change would change the economic outlook for the best.  In an interview with the WSJ, Draghi said that the changes agreed upon by the bankers and the European governments  had resulted in what he called positive change, but that this change was only the beginning. “We have a fiscal compact where the European governments are starting to release national sovereignty for the common intent of being together.” He later said that in the eyes of the bankers there was no alternative to fiscal consolidation.

During the same interview, Draghi appointed what he believed were two important changes the bankers needed to achieve. The first is product and service market reform. The second is labor market reform. In layman’s terms, this means the globalists want more easily accessible working markets which will be supported by the legalization of illegal immigration to ensure plenty of cheap labor — as it happens in Asia — and the ability to flood markets all around the world with those very same cheaply made products. This is the model that has been tested in China and other Asian nations for decades and will now be imposed on European countries.

The bankers have not only gotten a blank cheque to create money out of thin air and deposit it in ghost bank accounts, which has been going on for decades, but also obtained an unlimited permit to manage the world’s economic and financial systems under which they are completely immune to any unaccountability. Under this new scheme, they will continue to impose austerity as a condition to bring “relief” to indebted nations, that in turn will become more and more in debt until collapsing the way Greece did. The make-believe economy now moves on to Italy, Portugal, France and Germany before coming to North America. Expect an accelerating race to the Second Great Depression in the next two and a half to three years.

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About the author:

Luis Miranda is the Founder and Editor-in-Chief at The Real Agenda. His career spans over 17 years and almost every form of news media. He attended Montclair State University's School of Broadcasting and also obtained a Bachelor's Degree in Journalism from Universidad Latina de Costa Rica. Luis speaks English, Spanish Portuguese and Italian.

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