Opinion

Demons and Democrats

Summary

JR’s protection to robber barons was rewarded 3 months later by the largest IMF ‘aid’ package ever made by foreign banks, corporations and their governments. Who and what it aided was soon very clear!

One day they’re for slavery. Next day they’re against. And the day after that finds them investing in slavery again. 

Such is recorded European history – on their mainlands as on their plantations. Some still ask them to offer us presumed panaceas when it is they who determine the very basis of our underdevelopment, the very roots of our disarray? 

Could these hijacked UN Committees, supposedly secular cults housed off Ski Chalets in an Alpine Switzerland – infamous for cuckoo clocks, cheese and encrypted bank accounts – save us?  Could they deliver us from all evil, using not just enlightening precept and the thunderbolt of karma, but universal (supposedly Martians also agree) declarations and B52 bombers?

What do these gnomes of genocide and scalpers in slaves of yore, swathed now as archangels of justice, truly know about democracy?

Recall the vile threats in their mass media, amassed against Greece – which they themselves proclaim as the very fount of democracy – calling on leaders to override elections and obey European (well, German) capitalist whim. Threats included imminent civil war, the breakup of the EU, collapse of the capitalist system! What’s the rush? And after years of satanizing state interference!

Of, By and For the Bankers

Simple. Bankers were officially hijacking all European economic policy! US investment bank Goldman Sachs’ coup, which failed in the USA, succeeded in Europe: “a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers!” 

In 2008, US Treasury Secretary Henry Paulson, former Goldman Sachs CEO, extorted a one-time $700-billion bank bailout from the US Congress, but only after threatening collapse of the entire global capitalist system. Paulson whitemailed congressmen via conference calls 2 weeks before Bush’s Wall-Street bailout was passed: threatening martial law, a new great depression and civil unrest. They wouldn’t be able to feed people for long! Paulson later told Capitol Hill – such fears were not publicized lest it “terrify the American people and lead to an even bigger problem.”

While their US bank branch presumably failed, another Euro Goldman Sachs branch flourished: In 2011, European Central Bank president Mario Draghi, former Goldman Sachs Europe vice-president, got a 500-billion-euro bailout for European banks, without asking anyone’s permission. The ECB ‘lent’ 489 billion euros to European banks at an extremely generous rate. The money was gobbled up “virtually instantaneously” by 523 banks. And recipient Greek banks simply refused to bailout the Greek economy! Instead, all recipient banks just shifted all the cash to tax havens. 

In 2012, a permanent rescue-funding program called the European Stability Mechanism (ESM) was “passed in the dead of night with barely even a mention in the press,” with an authorized capital stock of 700 billion euros! But Article 9 stated, ESM Members would have to “pay on demand any capital call made on them . . . within 7 days of receipt of such demand.” While Article 10 proclaimed the ESM Board of Governors could demand more funds, as much as it wants, anytime it wants!

Article 27 stated: The ESM, its property, funding and assets shall enjoy immunity “from search, requisition, confiscation, expropriation, or any other form of seizure, taking or foreclosure by executive, judicial, administrative or legislative action.” So no governments, legislatures or democratic laws could challenge the ESM organization! Article 30 states: “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.” 


The treaty thus established a new supranational organization with managers who could sue governments but are immune from all forms of prosecution. Governments cannot take action against it. Europe’s national budgets put in the hands of one single unelected body; an “Europe devoid of sovereign democracies?”


The issuance of money and credit became “the private right of vampire rentiers…This right needs to be returned to sovereign governments”, cried commentators. “Credit should be a public utility, dispensed, and managed for the benefit of the people.”

Junior’s Seizures

The proposed ESM laws should be malodorously familiar: On February 4, 1978, President J.R. Jayawardene’s ‘robber baron’ constitution fully protected foreign investments in Sri Lanka by other states, nationals, corporations, companies, and associations: No written law may be enacted, and no executive (let alone the President) or administrative action (let alone the peons) contravene the provisions of such a treaty or agreement. Only a two-thirds majority can change this colonial constitution, and forestalling that possibility has become the hallmark of Sri Lankan politics ever since. All means, fair and foul – repression, ethnicism, terrorism, etc. – would prevent people from coming together to enact a truly homegrown economic policy not dictated by foreign banks. 

JR’s protection to robber barons was rewarded 3 months later by the largest IMF ‘aid’ package ever made by foreign banks, corporations and their governments. Who and what it aided was soon very clear! 

Crisis? What crisis?

Cries of ‘crisis’ drive Europe’s neo-con capitalists and ‘democratic’ socialists to greater monopoly, supporting war on the rest of the world. It’s not new. The ESM is their war chest. 

European unity, when trumpeted, has always been a ‘front’ for subjugating the rest of the world.  Lenin, a century ago, unmasked those ‘socialists’ advocating: a “‘United States of Western Europe’ (without Russia) for the purpose of ‘joint’ action … against the Africans…, against the ‘great Islamic movement’, for the maintenance of a ‘powerful army and navy’, against a ‘Sino-Japanese coalition’.”

So are these economic crises? Were capitalists merely responding to changing human and production relations in the world? If they were truly global crises, wouldn’t capitalists inthis world – instead of stealing more public money – be refueling their rockets to escape to the nearest interstellar plantation? Elon Musk, are you ready for Mars?

Yaka says not yet, but never ever say never!

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