Wednesday, 31 August 2011

The stench of corruption can't get any stronger.

I don't quite know what to say, except
This stinks!


Update : Ian has explained the whole treaty in English!

Legal status, privileges and immunities

3. The ESM, its property, funding and assets, wherever located and by whomsoever held, shall enjoy immunity from every form of judicial process except to the extent that the ESM expressly waives its immunity for the purpose of any proceedings or by the terms of any contract, including the documentation of the funding instruments.

4. The property, funding and assets of the ESM shall, wherever located and by whomsoever held, be immune from search, requisition, confiscation, expropriation or any other form of seizure, taking or foreclosure by executive, judicial, administrative or legislative action.

5. The archives of the ESM and all documents belonging to the ESM or held by it, shall be inviolable.

6. The premises of the ESM shall be inviolable.

7. The official communications of the ESM shall be accorded by each ESM Member and by each state which has recognised the legal status and the privileges and immunities of the ESM, the same treatment as it accords to the official communications of an ESM Member.

8. To the extent necessary to carry out the activities provided for in this Treaty, all property, funding and assets of the ESM shall be free from restrictions, regulations, controls and moratoria of any nature.

9. The ESM shall be exempted from any requirement to be authorised or licensed as a credit institution, investment services provider or other authorised licensed or regulated entity under the laws of each ESM Member

Staff of the ESM

The Board of Directors shall lay down the conditions of employment of the Managing Director and other staff of the ESM.

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.

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.

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

2. The ESM Members shall, wherever possible, take the appropriate measures to remit or refund the amount of indirect taxes or sales taxes included in the price of movable or immovable property where the ESM makes, for its official use, substantial purchases, the price of which includes taxes of this kind.

3. No exemption shall be granted in respect of taxes and dues which amount merely to charges for public utility services.

4. Goods imported by the ESM and necessary for the exercise of its official activities shall be exempt from all import duties and taxes and from all import prohibitions and restrictions.

5. Staff of the ESM shall be subject to an internal tax for the benefit of the ESM on salaries and emoluments paid by the ESM, subject to rules to be adopted by the Board of Governors. From the date on which this tax is applied, such salaries and emoluments shall be exempt from national income tax.

6. No taxation of any kind shall be levied on any obligation or security issued by the ESM including any interest or dividend thereon by whomsoever held:

(a) which discriminates against such obligation or security solely because of its origin; or
(b) if the sole jurisdictional basis for such taxation is the place or currency in which it is issued, made payable or paid, or the location of any office or place of business maintained by the ESM.




  1. So, the short version of this would be:

    "The ESM is not subject to the law. Any law".

    Fucking marvellous.

    Yet when I say that people queue up to tell me I'm barmy.

    If it's good enough for them to ignore the law, then it is good enough for me.

    Fuck 'em. Fuck 'em all.


  2. What CR ande GV said, with knobs on!

    Good spot Sue, will link with some comment of my own.....

  3. So if The ESM establish gas chambers in their concentration camps they will be inviolable. Figures.

  4. I'm still in shock at reading it. I still don't know what to say.

  5. l take it that the head of it is called Stalin?

  6. Moral fibre!!!!! i doubt it will get a mention other than if pushed a "we will work from within " ,there will be no resistance of any substance as this is the most spineless lot in the face of the EU we've had.
    Dave of the u turn could quite easily quote from The Leopard when the the Prince of Salina was asked what the new government would bring"things will have to change in order that they remain the same" so fitting to the whole bloody lot of them.

  7. Except Satan actually gives you a choice ... a vote in fact. He/She doesn't force anything on you ... you choose. :)

  8. Spread the word guys. Everyone should know about this. It's taxpayers money, your and mine!

  9. Yes, it will be up at OoL tomorrow morning too. Says it all.

  10. Cameron, the Lefty twat, will not only roll over on this without a fight, but he'll also be in it right up to his neck - he'll grasp anything that puts us further under undemocratic EU/NWO control with both hands - especially if it gets him out of giving us a referendum, the bastard!