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Socialism and Capitalism

February 23, 2013 3 comments

I recently came across this anecdote on the Internet. I was unable to determine who the author was so I cannot provide proper attribution. However the story does illustrate some interesting points:

An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, a great equalizer.

The professor then said, “OK, we will have an experiment in this class on Obama’s plan”.. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A…. (substituting grades for dollars – something closer to home and more readily understood by all).

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.

The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.

As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. Could not be any simpler than that. (Please pass this on) These are possibly the 5 best sentences you’ll ever read and all applicable to this experiment:

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

2. What one person receives without working for, another person must work for without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. You cannot multiply wealth by dividing it!

5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

Response:

While the model of substituting grades for dollars is flawed, the article above did illustrate what happens when people do not have appropriate incentives. In order to bring this model closer to reality, let us:

  1.  substitute tuition payments for taxes
  2. allow for the personal accumulation of grades (money).

So here is the capitalist system that is currently in place:

Those with accumulated grades (money) hire others to do the hard work of studying for them.
capitalist pyramidThose with accumulated grades (money) now accumulate even more money because the fact that others are doing the work for them, and that they are not being paid as much as those who are not doing the work.

Those with accumulated grades (money) use their growing wealth to influence the government for policies that assure that their tuition rates (taxes) remain at an Effective Rate that is lower than those who do the work. They also get special rates if they use their accumulated wealth to generate even more wealth for themselves (Capital Gains rate).

These lower taxes helps those with accumulated grades (money) to maximize the accumulation of their wealth despite the fact that they no longer are doing the real work to create this wealth.

Those with accumulated grades (money) have now accumulated such massive amounts of  wealth that they need the services of a financial class to manage their wealth. The financial class merely moves around the accumulated wealth of others and despite the fact that the financial class also does no productive work, they earn the largest compensation of anyone.

The financial class uses its enormous accumulated wealth to influence the government to bail them out when they make poor decisions that result in massive losses to the general economy.

The financial class uses its extreme wealth to influence the government to provide them with immunity from prosecution for money laundering, rate rigging, massive foreclosure fraud (robo-signing) , and other crimes. In fact they even get others, the shareholders to pay the fines for them.

Those with accumulated grades (money) start to form paper shells (corporations) whose sole purpose is to maximize profits for those who already have accumulated grades (money). Those with accumulated grades (money) accumulate even more.

Those with accumulated grades (money) use their wealth to influence government to declare that these paper shells (corporations) are actually people who have the same rights as flesh and blood people. Those with accumulated grades (money) now can spend unlimited money to further influence the government.

Those with accumulated grades (money) use their now unlimited influence on government to provide these paper shells (corporations) with massive amounts of taxpayer subsidies with corporate welfare spending eclipsing general welfare spending.

Those with accumulated grades (money) fight hard to keep the grades (money) they pay to those who actually do the work as low as possible, to the point where some those who do the work cannot even provide for their families. This helps those with accumulated grades (money) to accumulate even more grades (money).

Those with accumulated grades (money) discover that they can outsource the work to other countries where they can pay the workers even less than here, and so they leave those who do the real work with a rapidly shrinking work market driving the grades (money) paid to them to even lower levels.

Those with accumulated grades (money) are now starting to feel fear because so many of those who used to do the real work are so desperate and tensions are rising. So they use their wealth to influence the government to increase the military-industrial-surveillance -security state despite the fact the liberties for all are eroded as a result, all under the ruse of patriotism.

Conclusion:
Now that we have seen the worst that unbridled socialism has to offer, and the worst that unbridled capitalism has to offer, perhaps it is time to rethink our current system and to incorporate the best of each system. A balance is needed. Those partisans who only see one of these two stories remain the obstacles to real change that will benefit everyone.

The Money Masters Live in Fear

February 9, 2012 10 comments



“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” – President James Garfield, 2 weeks before his assassination.

Most people in the United States have long suspected that a “shadow government” exists and that the real power in the country resides in that dark location, not in our elected government. The citizens instinctively know that our elected officials are really nothing more than the hired servants of the money masters and are beholden to them if they wish to retain their positions of power.

International Swaps & Derivatives Association ISDA

A quick look at the curtain which they hide behind reveals one shadowy organization that represents the interests of these money masters, the International Swaps and Derivatives Association also known as ISDA. The officers and directors of this organization include some of the largest hedge funds and most of the major banks in the world including the largest banks in the United States. One of the purposes of the ISDA is determine if a “credit event” is actually a default. If a “credit event” is declared to be a default, then Credit Default Swap (CDS) contracts come into play.

Most people have heard of Credit Default Swaps and derivatives, but are not quite sure of what they really are. Before I can continue with this article, I will present a short description of these two financial instruments. Please bear with me on this as things will get interesting shortly.

Credit Default Swaps (CDS) can be generally considered to be insurance policies issued by banks (sellers) and taken out by investors (buyers) to protect against failure among their investments. The problem with them is that while insurance companies are regulated to make sure that the companies have the ability to pay their claims, the CDS issued by the bankers are largely unregulated.

Derivatives are financial instrument whose value is based on the value of another financial instrument. If one looked at a football team: it owns the stadium, has contracts with players, has advertising rights, has television contracts etc. Each one of these is an economic entity capable of generating income. Derivatives could be considered the bets that people place on these teams. (Credit Default Swaps are a form of derivatives).

So what do derivatives and Credit Default Swaps have to do with all this, how do they affect people on the street, and why are the money masters so concerned about them?

Take a look at the ,following table in a report created by the Bank of International Settlements.

Derivatives keep growing

Source: Bank for International Settlements

If you look at the highlighted area, you will see that the total value of Credit Default Swaps for 2011 is a staggering $32,409 BILLION dollars! That is $32 TRILLION, with a “T”! To put this into perspective the gross domestic product (GDP) of the United States in 2010 — the total value of all the goods and services generated in the entire country that year — was $14.6 trillion. The amount of credit default swaps held by the banks dwarfs the entire economic output of the United States. There is no way in hell that these banks could ever pay even a small fraction of these claims. The TOTAL amounts of derivatives is a staggering $707 TRILLION plus a measly few hundred billion more. This entire system is a house of cards just waiting for a single card to fall. There is not enough money on this planet to cover these contracts.

A report by the Comptroller of the Currency has the nation’s five largest banks — JPMorgan Chase, Citigroup, Bank of America, HSBC, and Goldman Sachs — holding nearly 95 percent of the industry’s total exposure to derivatives contracts. This means the 5 largest banks are on the hook for over $30,000 billion for just the CDS they issued.

This is where it starts to get interesting.

Remember earlier in this article I stated that one of the purposes of the ISDA is to determine if a “credit event” is actually a default? If a “credit event” is declared to be a default, then Credit Default Swap (CDS) contracts come into play. Think about this, the very same banks that would have to pay the claims by those who bought these contracts, are in the position of determining if a “credit event” is really a default. All the banks have to do is to NOT declare any default and they do not have to pay! If they did have to pay, and then the house of cards would collapse. The big banks would immediately be insolvent and the money masters live in fear of this.

This lack of a declared default by the ISDA is exactly what brought down MF Global which was speculating heavily on European bonds. What ultimately happened was that an agreement was reached in Europe that that investors would have to take a write-down of 50% on Greek Bond debt. Now MF Global was leveraged anywhere from 40 to 1, to 80 to 1 depending on whose figures you believe. Let’s assume that MF Global was leveraged 40 to 1, this means that they could not even absorb a small 3% loss, so when the “haircut” of 50% was agreed to, MF Global was finished. It tried to stem its losses by criminally dipping into segregated client accounts, and we all know how that ended with clients losing their money.


MF Global may well be just the tip of the iceberg on what still awaits us.

However, MF Global thought that they had risk-free speculation because they had bought these CDS from these big banks to protect themselves in case their bets on European Debt went bad. MF Global should have been protected by its CDS, but since the ISDA would not declare the Greek “credit event” to be a default, MF Global could not cover its losses, causing its collapse.

Think about this for a minute, if you or I paid 50% of our mortgage payment, this would certainly be declared a default. However, in the Greek bond write-down the ISDA did not declare it a default. What you essentially have here is a situation where the banks controlling the ISDA and are essentially determining their own fate.

Now with the talk in Europe being that investors may have to take a write down of 70% on some European debt, will that be declared a default? I doubt it, again because that would drive the 5 biggest banks in the United States into insolvency. The problem becomes, at what point does the ISDA declare a default? At 70%, at 80% , or at 100% if Greece or another country just walk away from their debt? Once a default is declared by the ISDA, the banks are done, and the money masters know this! The conflict of interest in this situation is clear. These banks got to write the insurance , get paid the premiums and yet they have total control over whether they will have to pay.

The money made by selling these derivatives is directly responsible for the huge profits and bonuses we now see on Wall Street. The money masters have reaped obscene profits from this scheme, but now they live in fear that it will all unravel and the gravy train will end. What these banks have done is to leverage the system to such an extreme, that the entire house of cards is threatened by a small country of only 11 million people. Greece could bring the entire world economy down. If a default was declared, the resulting payouts would start a chain reaction that would cause widespread worldwide bank failures making the Lehman collapse look small by comparison.


The ability of these large banks to not pay on the Credit Default Swaps that they wrote, sold and profited from is a travesty. What will happen once other countries like Italy, Spain, and France have bond write downs? This criminal abrogation of contracts exposes something much bigger, the unregulated shadow banking system of derivatives. The Dodd-Frank bill that people thought would regulate the finance industry does little to address the problems of derivatives, largely due to the money masters’ lobbyists that influenced the bought politicians to not put limits on the gravy train. We have a system where: laws are written by the servants of the money masters, the regulators are appointed by these same servants, CDS policies were written by the money masters, premiums were paid to the money masters, fees were taken by the money masters , but no payouts will be permitted by the money masters. Do not expect the paid politicians or regulators to do anything about this.

These titans of Wall Street do not answer to any government or to the public. They have set us all up for a second financial crisis far worse than in 2008. These money masters are humanity’s worst enemy. This is another example of a paper game they have created to enrich themselves, but puts the entire world at risk.


Well, these Masters of the World will be having a themselves a get-together to plan the future of their world.

*The ISDA 27th Annual General Meeting will be held on April 30-May 2, 2012 in Chicago.

*This will be followed by the G8 summit meeting in Chicago on May 19 and May 20.

*Then this will be followed by the NATO summit in Chicago on May 20 and May 21.

During 9-11, it was said that our security services failed to connect the dots. However, here we have a situation where if you analyze this carefully, it is easy to connect the dots.

There is a reason that the ISDA meetings are held first. The G8 and NATO events are the window dressing for public consumption. The real decisions will be made by the money masters so their meeting needed to be held first. At this meeting, the money masters will develop their marching orders for their puppets, the paid servants who are the political leaders who will be in attendance at the G8 conference.


These puppets at the G8 Conference will then create the marching orders for the militaries that they control. However, all the “big picture” planning will have been developed at the ISDA meetings. The money masters live in fear of an economic collapse that they have brought about and they may have need of a military adventure to distract the masses from their crimes. Of course the paid servants will go along with this plan because they do not want to do anything that would change their positions of power. Watch for signs of a bogeyman country orchestrated by the mass media to whip up frenzy in support of war, or possibly even a false flag attack. This media campaign will be another symptom of the fear of the money masters.

The militaries will do what they always do and will blindly follow their orders. The NATO meeting will be used to develop the planning for the execution of the orders developed by the money masters.

With the continued austerity being imposed on the world by these bankers and their agencies such as the IMF, World Bank, and their hired servants our political leaders, a meeting of so many tools in one location is a natural magnet for protestors who are tired of the corruption and greed in the system. The demonstrators will be targeting the puppeteers, not just the puppets.


It is not difficult to imagine that the money masters do not want any of these meetings to be disrupted and that plans have already been made for an overwhelming police presence. There have already been reports of joint military exercises between the Los Angeles police and the military. You can count on the fact that the 1st Amendment will sustain “collateral damage”.

Chris Hedges, a Pulitzer prize winning journalist, has speculated that since the NDAA was opposed by the agencies in the national security establishment including the FBI, NSA, that what might be driving these military exercises is the fear that the bankers do not trust the police to protect them if things turn south.

“And I think, without question, the corporate elites understand that things, certainly economically, are about to get much worse. I think they’re worried about the Occupy movement expanding. And I think that, in the end—and this is a supposition—they don’t trust the police to protect them, and they want to be able to call in the Army.” – Chris Hedges

It is no mistake that Chicago was chosen for the site of these meetings. The powers that be know that the police will meet the protests with violence, but in Illinois, it is illegal to record the police. So the documentation of violence perpetrated in the protection of the interests of the money masters will be significantly reduced. The choice of Chicago for the site of these meetings is another example of the fear of the money masters.


The number and behavior of law enforcement as well as the myriad of other security agencies that will be present during these Chicago meetings will certainly be an indicator of the level of fear that the money masters are feeling as the world they have created on a foundation of theft, fraud, leverage and debt crumbles around them.

The Occupy Movement has been shining a light into the dark recesses that these money masters inhabit. The movement represents a real threat to their privileged positions as the public becomes more and more aware of the fraud and greed perpetrated by them, as they continue to extract even more money from the public. The money masters had their paid servants, the politicians evict the Occupiers from their parks in most cities across the United States. Another example of the fear the money masters have.

But…..

These money masters know now that all they accomplished was to scatter the movement which ultimately only strengthened it even more. The message is now quietly spreading to college campuses and to communities where foreclosures are being fought (further threatening the bottom lines of these same bankers). Every time that the hired politicians send their enforcers, the police to violently repress the movement, the movement grows in strength.

The money masters live in fear that they will not escape the blame for creating the next economic crisis as conditions continue to worsen. The money masters know that nothing has changed since the 2008 collapse and that the number of derivatives has actually grown since then (see chart). You would think that the bankers would have learned their lesson, instead with their myopic focus on their own wealth and greed the derivatives grew to significantly higher levels. These money masters now live in fear of the repercussions of these actions.

Eventually even the police will realize that their pensions are being raided by these money masters. The money masters have been manipulating their politician puppets to enact “pension reforms” that hide their theft in the name of “necessary cutbacks”. The money masters live in fear that ultimately even the police will refuse to protect their interests.

The money masters live in fear that the Occupy Movement will awaken the country from its deep sleep, and that the wrath of the people will turn against these sociopaths who have so manipulated the system in order to enrich themselves with no regard for anyone else. They may have their psychological and physical bunkers to hide in, but the very fact that they need these bunkers, shows their fear.

For more articles by many authors on economic, social, justice, media, and community issues:
http://www.endtheillusion.org

Protecting the interests of the money changers, then and now!

January 3, 2012 1 comment

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“When will they ever learn?”
Peter, Paul and Mary

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Protecting the money changers

A Night with Occupy Wall Street

October 17, 2011 3 comments

A call went out over the Internet stating that the city of New York was preparing to “clean” the park where the Occupy Wall St protests were taking place and that the protestors would have to leave the park during this cleaning. The occupiers were cognizant that this was a thinly veiled attempt to evict them from the park. They asked for people to converge on the park to defend it from the NYPD who would be charged with clearing it.

Night before Having watched this movement from its inception, their message of eliminating the influence of money on our government resonated deeply with me. Their message of corporate and Wall St greed also resonated with me. I remember the horror I felt at the spraying of the penned in protestors, I recall the anger I felt when I viewed the videos where the police entrapped the demonstrators on the bridge and then arrested hundreds of them. The time had come for me personally to take action.

I quickly gathered together a folding chair, a tarp, (the weather called for heavy rain), and my video camera and hopped on the last bus leaving Chinatown. I arrived at the park close to midnight and witnessed several hundred occupiers. I found an empty spot to “camp out” and setup my small site. The next hour was spent in discussion with many of the people in the park. They were very welcoming and friendly. I thought of the many videos I had seen that showed the fringe element of the occupiers in their attempts to try to discredit the movement. While I did see a few fringe types, they were a very small minority. Instead what I discovered was that these mostly young people were both articulate and committed. They clearly outlined the problems within our system as they perceived them.

Jefferson warningAt approximately 1:00 AM, a light rain started falling and I decided to sit on my chair, using the tarp for shelter. I watched as the crowd quickly adapted and almost instantly everyone seemed to wearing ponchos or utilizing umbrellas. Then I received the first real surprise of the visit. The skies opened up and almost instantly started pouring heavily. Immediately a great cheer went out among the crowd that reverberated between the large buildings that surround the park. This sent a chill down my spine. These people were so used to being wet that they actually welcomed the rain.

At this time I noticed my tarp which was only 1 season old and had been sitting in the sun for the summer, was not water tight. Some of the lining had deteriorated and water was entering. It was not long before I was sitting in the chair fully soaked. I looked around and saw how these young people adapted to the rain and to not being allowed to have tents in the park. Many of them covered their sleeping bags with tarps and the openings to the bags with umbrellas. I knew that this was not completely watertight and that they were sleeping in wet conditions. Here I was wet and uncomfortable for one single night and these amazing people put up with this discomfort for weeks in order to protest what they believed in. I felt anger at those who would not allow them to post tents. The arrogance of these people subjecting someone’s child to have to endure this sort of indignity. Would they do the same if their sons or daughters were here?

After a while the rain let up, and normal activity returned to the park. It was now around 2:00AM and I would estimate that less that ¼ of the people were sleeping. There was an electricity in the air and a great concern about the pending confrontation with the NYPD, the enforcers and protectors of the money powers. During this time I explored the park and found that the levels organization were truly impressive. This park had: an information booth, a kitchen, a media center, a first aid station, a general assembly area, and a lost and found. So much for all the media propaganda on how these people are disorganized anarchists. They actually have their own newspaper!

Zucotti Park GreetingDuring this time a member of their community gave me a small flyer and I was impressed with what I saw. Please excuse the poor quality of the scan, but this flyer got soaked during the rains.

On the back was a map with all the information people would need to navigate the park.
On the front, the flyer stated that being intoxicated in the park was not acceptable behavior, that everyone needed to respect others and property rights, and that it was important to keep the park clean and to protect the flowers and other plants.

After the rains, crews were immediately dispatched to start sweeping the areas to both clean them and to eliminate puddles that had gathered in low lying areas. This park was clean. There was absolutely no reason to have to have outside crews come in and “clean” the park. During the rest of my night there, the sound of sweeping could always be heard in the background.

Around 3:00AM it started to rain again and even though my tarp was not totally watertight, it still kept most of the water off of me. Again a sudden deluge came down and again a great cheer went out among the crowd. A huge clap of thunder was heard and then another cheer rang out and echoed throughout the park. It truly obvious to me that these people really did not care about being wet. I had also reached that point, once you are soaked, it doesn’t matter how much more you get wet. If the authorities thought that by making these people uncomfortable by denying them tents they would break their spirit, they badly miscalculated. This had the exact opposite effect and made them stronger. I could feel it. I again felt anger at the authorities for their arrogance in this. I thought about all the ignorant people who posted comments on the Internet about the “dirty hippies, “flea bags” and “smelly” people at these protests. These ill informed people have no idea of what is happening here beyond the propaganda they are hearing. When was the last time any of them suffered this sort of discomfort and indignity to protest something they believed in? These ignorant rants were coming from people who are empty shells who simply parrot what they have heard on the corporate media.

SoakedThese protestors were forced into these degrading conditions by our elected leaders, the paid servants of the money powers. The city did not even provide toilet facilities. Don’t most cities provide them when they know large crowds will be in a public place? This was another one of the sad attempts to try and suppress this protest. The city resourcefully dug up a law that was over 160 years old about not wearing masks in public as an excuse to arrest protestors. Another one of the sad and shameful attempts to try and suppress this protest. Each obstacle thrown in front of these people ultimately only strengthens their resolve. There were so many of these attempts.

The irony of the situation is that the corporate controlled media had been ignoring this protest for weeks until the video of the indiscriminate pepper spraying of the penned in women went viral on the Internet. Then the NYPD tried to go after people with cameras, but there were so many of them, their efforts also went viral on the Internet and even the corporate media started broadcasting some of the clips. The movement grew in strength every time the authorities responded with force. Then came the mass arrests on the bridge and the movement grew even stronger with more and more people coming to the park and with protests spreading to hundreds of other cities across the nation and even the world. The resolve of these occupiers was strengthening and they had lost their fear of arrest. This was being compared to Egypt’s Tahrir Square. Violence against the demonstrators was backfiring and having the opposite effect the authorities desired. Donations of food, supplies, and support were pouring in from around the world. Worldwide news coverage had turned negative against the authorities.

The time was now around 5:00 AM in the park and I had slept little during this night. The vast majority of demonstrators were also awake awaiting the General Assembly meeting to determine what the collective response to the NYPD would be. All decisions are made democratically in this community. (All the people who call this anarchy, please take note.) All night more and more people were entering the park and it was soon obvious that the number of people in the park was increasing rapidly.

Trapped behing barriersAt approximately 6:00AM the park was so full that you could hardly fit another person into it. Why did the police not open up the barriers that were trapping so many people into such a small area? They could easily have closed the 2 minor small streets on either side of the park to accommodate the swelling numbers. This would have kept traffic flowing smoothly on Broadway and Church Streets while having a minimal amount of officers to control traffic flow. Instead the authorities have directed the NYPD to use large numbers of manpower to enforce the ever tightening barricades. This is another example of the arrogant and poor decision making on the part of the authorities, another sad and ineffective attempt to dispirit this movement.

During the General Assembly meeting, I witnessed their system of spreading the speakers’ words throughout the crowd by having everyone repeat what they heard. All announcements were proceeded with “mic check” and this would be repeated throughout the park. The sound of the repetition reverberating throughout the park provided an empowering feeling. You could feel the energy in the air. This is another example of how the decision to prohibit amplified loudspeakers backfired on the authorities. It seemed that every obstacle that was thrown in the way of these protestors, only seemed to make them stronger and more resolved. My admiration for them just kept growing. Then a large group of additional protestors entered the park and a great cheer went up and resonated throughout the park. You could feel the energy levels were climbing.

It was decided that those who had been assigned specific tasks within the community would stay at the core of the park, with supporters on the perimeter and they would all lock arms together. A vote was asked on how many were willing to get arrested and a sea of hands went up into the air by both the occupiers and their supporters. The speaker warned that anyone remaining inside the park was at risk of arrest and if they were not prepared for that they should leave the park. Anyone willing to stay in the park was asked to find a “buddy” so that there was always someone else who would look out for them when the showdown came. A cry of “solidarity” rand out among the crowd. I was impressed by the concern the Occupy Wall St protestors had for each other and for those who came in support. I was again impressed with the concern they had for those who could not risk arrest.

Then you heard “mic check” being repeated across the park. An announcement from the deputy mayor was read stating that the “clean up” of the park had been cancelled. A great crescendo of cheers from the thousands in the park rang out and echoed between the buildings. The protestors had faced down the authorities.

As I am writing this article, I believe that the authorities had made a wise decision in not confronting this movement’s epicenter. Every single time they moved with force, the movement only got stronger. Breaking up thousands of the supporters with arms locked, and then going after the protestors themselves would have been a total public relations nightmare. The mainstream media was out in force, anticipating the showdown. The independent media was out in force. The entire world was watching. The authorities surely did have the power to accomplish an eviction: they have the combined might of the entire NYPD, state police, national guard and US military at their disposal, all to be used against people committed to peaceful protest. But there would have been a very high cost to such an action.

Should such an eviction have taken place, the international condemnation of the United States would have been strong and broad, similar to the condemnation of the Arab regimes’ repression. There is the probability that the outrage could have fueled hundreds of thousands to converge on NY in anger. At such a point the movement would have reached a critical mass and would have been unstoppable short of total police and/or military suppression. So the showdown was averted, however the movement continues to grow.

Lech Walesa, Nobel Peace Prize winner from the Polish Solidarity Movement, has announced that he will be visiting with Occupy Wall St. They have stated that he will be warmly welcomed. The movement continues to gain support.

There are those who would criticize the tactics of this movement, but what these protestors have been very successful in is to shine a light on many of the problems in this country. Finally now these problems are being discussed and a national conversation is starting to take place. To all those who are reading this article and/or are following the events on the Internet or even just corporate news, I ask you the following questions:

The bankers on Wall St gambled with other peoples’ money and brought our economy to its knees.
Are you OK with that?

These same bankers then received a taxpayer bailout.
Are you OK with that?

These same bankers then paid themselves huge bonuses for job well done.
Are you OK with that?

We have self serving special interests giving unlimited money ANONYMOUSLY to our corrupt politicians.
Are you OK with that?

If not, what are YOU doing about it?
At least these protestors care enough to do something about it.

This is not a liberal cause, this is not a conservative cause, this is a common cause.

Addendum to this article:
The Oakland Police tried to violently supress the occupation in their city and the numbers of demonstrators grew significantly the next day. The city leadership is under attack by its own people with over 70% of the residents disapproving the mayor’s handling of the situation. (CBS poll)

“More”, is never enough!

September 26, 2011 6 comments

For over a week now, citizens have been gathering in Liberty Plaza in New York City to protest the greed and corruption of Wall Street and its corrosive effects on our nation’s economy and well being.

This last week we witnessed the spectacle of police guarding the bronze bull statue located on Wall Street. This sight is almost biblical in its significance, where the powers that be order their enforcers, the police, to guard the Golden Calf in front of the Temple of Greed where the elites worship their great gods: money, power, greed, envy, and lust.

Lloyd Blankfein, CEO of Goldman Sachs and one of the many high priests in this Temple of Greed, once stated that he “was doing God’s work”. It is likely that much of this selfless and charitable work takes place at this Temple of Greed. It is easy to envision the rituals of this Temple, where with hands in the air, the high priests and their followers chant “more, more”, but “more”, is never enough.

Understanding the significance of this Temple and the Golden Calf makes it very easy to comprehend why the elites and their high priests ordered their enforcers to protect the Golden Calf. Should anything happen to it, the people outside the Temple would lose the grace and love of their gods resulting in an abyss of plague and famine. Those inside the Temple would be protected from this plague and famine because of their devotion to the gods, but those outside the Temple would be devastated.

As those outside the Temple, we should be grateful to these High Priests for their concern and for recognizing the importance of guarding the Temple and Golden Calf. They demonstrated bravery and wisdom by calling out the enforcers restrain those who would challenge the Temple and its values. We applaud those among the police who responded with additional vigor and without question to protect the values of the Temple. While many of the enforcers practiced restraint, it is so comforting to know that there were those who showed their devotion and loyalty to the Temple and Golden Calf by ignoring the rights our nation’s founding fathers fought so hard to provide us. These enforcers who showed this initiative and loyalty to the High priests understand that when it comes to matters of the Temple, that civil liberties and other rights are irrelevant.

We should be grateful to those among the enforcers who prevented the protestors from assembling in front of the Temple.

We should be thankful for those among the enforcers who took away the protective tarps that sheltered the protestors from the rain.

We should admire those among the enforcers who were resourceful enough to dig up a law that is over 150 years old that forbids masks in public and to use this obscure law as a reason to arrest some of the protestors.

We should appreciate that there were those among the enforcers who had the courage and integrity to ignore the First Amendment rights of the independent press and prevented as many as they could from reporting on this protest.

We should be comforted that the corporate controlled media obediently follow the commandments of the high priests and largely suppressed this story.

The audacity of these protestors thinking that they have the right to petition for jobs so they can support their families! The nerve of these protestors thinking they have the right to call for prosecution of the High Priests of the Temple!

These demonstrators who are so ignorantly challenging the morality of these High Priests need to be taught the lesson that it is unwise to challenge the Temple and its High Priests. Hundreds have been arrested, but more arrests are needed. A lesson on blind obedience to the overlords with bowed head needs to be reinforced. Again we are truly indebted to those among the enforcers who had the courage to educate them.

Only by blind devotion and faithful obedience to the commandments of the High Priests can we as people be brought out of the wilderness.

Website for Occupy Wall St: https://occupywallst.org

Sounds of Resistance

April 20, 2011 4 comments

2 out of 3 corporations pay no federal taxes. Some of the biggest tax evaders include Exxon, Verizon, Bank of America, Boeing, CitiGroup, among others. These corporate executives sit there with their “patriotic” flags on their lapels, while they scheme how to avoid paying their fair share of taxes, cut deals to ship American jobs overseas, and setup tax havens in the Caribbean. Is it any wonder that the rest of the country is mired in this economic misery while they prosper?

We don’t have a budget crisis in Washington. We have a MORAL CRISIS. When Congress can seriously debate forcing veterans into homelessness, cutting early childhood education, Pell grants for our students, heating assistance for the elderly, and cutting food aid to pregnant women and children, while giving tax breaks to billionaires and large corporations, something is very, very wrong.

If these corporations paid their share, we would not need to be cutting these programs. So on Friday April 15, 2011 hundreds of people met at Union Square Park in New York to protest this fact. This event was called the Sounds of Resistance and the target was Bank of America. While this bank received $billions in taxpayer funds, it made $billions in profits, it was busy foreclosing on millions of homeowners, all while working very hard to create over a hundred foreign tax havens to avoid paying taxes on their profits.

This video by EndTheIllusion highlights this event.

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