Will the Bankers Win Out in the Fight for Europe?

2012 will be a pivotal year for the European Union. With incredible debt levels ranging from “conservative” Germany of 85% to 160% for Greece and banks leveraged at incredible, impossible levels of 55-1, the bankers are making a desperate bid to wrest power from the sovereign governments of Europe.
As the video explains the European Stability Mechanism (ESM) would grant immunity from the organization from all legal action by member governments while allowing the ESM to litigate and confiscate as they desire. This would create a financial dictatorship by and for a very select class of elites.
Fortunately Germany and England are having none of it and hopefully in 2012 the European Union will go down in financial flames into the ash heap of history like so many other schemes to create one Europe under the control of one dictatorship. Bankruptcy is what is desperately needed in Europe to cleanse the continent of the corruption and filth that dominate the continent.