Topic: Esm Treaty

The discussion moves to the proposed EU Constitution and the existing Lisbon Treaty. Curry recounts his past confrontation with a Dutch MP regarding protocols that allow for the incarceration of people with communicable diseases. They warn that the European Stability Mechanism (ESM) allows Brussels to impose austerity and "cash calls" on member states like the Netherlands.

The hosts discuss the "informal" meeting where a new European treaty was fast-tracked to enforce fiscal discipline. Herman Van Rompuy explains the "debt break" and "automatic correction mechanisms" that will be integrated into national constitutions to ensure irrevocable economic integration.

The "European Stability Mechanism" (ESM) and a new "fiscal compact" are introduced to enforce financial discipline across the Eurozone. The hosts explain that the term "compact" is used to bypass the need for public referendums required for treaties. Britain's refusal to join is attributed to a desire to protect the City of London and a potential US-UK tandem effort to undermine the Euro.

Adam Curry presents a "smoking gun" document regarding the European Stability Mechanism (ESM) Treaty. He details how the treaty grants the ESM and its directors total legal immunity, tax-free status, and the power to make "cash calls" to Eurozone member states. He warns that this unelected body in Luxembourg represents a total takeover of European taxation and sovereignty.