| Occupy Wall Street Petition & Demands #22 Oct 20/11 NEED DONATIONS TO KEEP GOING PLEASE HELP! If Some generous sole would donate 200.00, 500.00 or 1000.00 dollars that would really help keep me working with this site Tami Master Saint Germaine at your service dear one we have much work to do together. Your foundation is ready to go just like the Galactic's who support you. The Green light has been given to distribute funds to the appropriate people who will serve humanity, planet and not perpetuate the existing system. We will be monitoring the implementation process of the transitional government and future government systems very closely. Media will be doing an about face very soon for all to see and recognize! I say to all who read this support this beings website with just a little donation when you visit so the adjustment phase is much easier for his work for mother earth and you. If twenty five percent of visitors to Galactic friends hit the donation button down by the cluster map left hand side of page even once every few months then much more creative projects could manifest for this precious soul. We applaud all the dedicated people on the earth presently working for peace, animals, children, environment, political reforms and trustworthy judiciary. Miracles are imminent so believe in yourselves! In heavenly decrees abundance for you! Saint Germaine. Through Tami Dickson New Dennis Kucinich support info below and links! New Occupy demands below! Folks check Canadian Locations for Oct 15/11 www.occupytogether.org or www.occupyvancouver.com Minister Farrakhan Blasts Media & Reporters During Radio Interview Commercial! Police Covering Name tags in Oakland. Galactics have been asked to record all ignorant violators of our rights be they government workers, fireman or police to be charged at the right times! http://comprehensivephotography.com/defog/occupy/video- proof-of-police-in-oakland-covering-their-name-badge.html Sheriffs Stand Up to Support Constitution! Sheriffs stand Up for USA Constitution Nov 7/11 1 hour 8 min 4 seconds http://youtu.be/e4RuWK2Ww-4 Here are eight county sheriffs from Northern CA and Southern OR speaking on at panel at the Defend Rural America event October 22, 2011 in Yreka. Despite the low media coverage there were about 700 people in attendance from all over California, Oregon and as far away as Wyoming. The sheriffs made it perfectly clear that they are the last line of defense for their citizens and given authority by the 10th Amendment. YOU will be a source of information beyond the lame stream media by forwarding this link! For further information: *10 Things We Want* A Proposal for for Occupy Wall Street
Submitted by Michael Moore
1. Eradicate the Bush tax cuts for the rich and institute new taxes on the
wealthiest Americans and on corporations, including a tax on all trading on Wall
Street (where they currently pay 0%).
2. Assess a penalty tax on any corporation that moves American jobs to other
countries when that company is already making profits in America. Our jobs are the
most important national treasure and they cannot be removed from the country simply
because someone wants to make more money.
3. Require that *all* Americans pay the same Social Security tax on *all* of their
earnings (normally, the middle class pays about 6% of their income to Social
Security; someone making $1 million a year pays about 0.6% (or 90% less than the
average person). This law would simply make the rich pay what everyone else pays.
4. Reinstate the Glass-Steagall Act, placing serious regulations on how business is
conducted by Wall Street and the banks.
5. Investigate the Crash of 2008, and bring to justice those who committed any crimes.
6. Reorder our nation's spending priorities (including the ending of all foreign
wars and their cost of over $2 billion a week). This will re-open libraries,
reinstate band and art and civics classes in our schools, fix our roads and bridges
and infrastructure, wire the entire country for 21st century internet, and support
scientific research that improves our lives.
7. Join the rest of the free world and create a single-payer, free and universal
health care system that covers *all* Americans *all* of the time.
8. Immediately reduce carbon emissions that are destroying the planet and discover
ways to live without the oil that will be depleted and gone by the end of this
century.
9. Require corporations with more than 10,000 employees to restructure their board
of directors so that 50% of its members are elected by the company’s workers. We can
never have a real democracy as long as most people have no say in what happens at
the place they spend most of their time: their job. (For any U.S. businesspeople
freaking out at this idea because you think workers can't run a successful company:
Germany has a law like this and it has helped to make Germany the world’s leading
manufacturing exporter.)
10. We, the people, must pass three constitutional amendments that will go a long
way toward fixing the core problems we now have. These include:
a) A constitutional amendment that fixes our broken electoral system by 1)
completely removing campaign contributions from the political process; 2) requiring
all elections to be publicly financed; 3) moving election day to the weekend to
increase voter turnout; 4) making all Americans registered voters at the moment of
their birth; 5) banning computerized voting and requiring that all elections take
place on paper ballots.
b) A constitutional amendment declaring that corporations are not people and do not
have the constitutional rights of citizens. This amendment should also state that
the interests of the general public and society must always come before the
interests of corporations.
c) A constitutional amendment that will act as a "second bill of rights" as proposed
by President Franklin D. Roosevelt: that every American has a human right to
employment, to health care, to a free and full education, to breathe clean air,
drink clean water and eat safe food, and to be cared for with dignity and respect in
their old age.
Let me know what you think. Occupy Wall Street enjoys the support of millions. It
is a movement that cannot be stopped. Become part of it by sharing your thoughts
with me or online (at http://occupywallst.org/ ). Get involved in (or start! (
http://howtooccupy.org/ )) your own local Occupy movement. Make some noise. You
don't have to pitch a tent in lower Manhattan to be an Occupier. You are one just by
saying you are. This movement has no singular leader or spokesperson; every
participant is a leader in their neighborhood, their school, their place of work.
Each of you is a spokesperson to those whom you encounter. There are no dues to pay,
no permission to seek in order to create an action. David Icke Police have no Power! Our thoughts go out to Scott Olssen, the ex marine who served 2 tours in Afghanistan/Iraq and lived, only to come home and be brain damaged by these so called police. I say so-called because they are not true police, they are just robots in uniform, and they must remember, its only a uniform. http://youtu.be/-b3hvBd9PYI Constitutional Oath Upheld in Phoenix All Militia is called to stand up!
http://youtu.be/xkM7cdMgcEc Navy Man Stared Down Police In Oakland California A Message to All Police Officers From Occupy Wall Street
Taking A Stand -It has long been said that there would be a revolution in this country and the majority laughed thinking those who said it were crazy. Well, we are in an economic revolt against the 1% who are squeezing us dry and paying police departments, i.e. NYC police department who received 4.8 million dollars from J.P. Morgan. It is time to take a stand. Please do so. A Message That Needs to be Sent to Everyone – Please read to the very end and pass it on. A Message to All Police Officers From Occupy Wall Street | COLLAPSENET 19 min 24 seconds
http://www.collapsenet.com/free-resources/collapsenet-public-access/item/4774-a-message-to-all-police-officers-from-occupy-wall-street?tmpl=component&print=1 The Banker 5 min 43 seconds http://youtu.be/peX4dBEF0Vg Police Brutality Swift Justice! This is a fine demonstration of what happens to police for breaking their own laws although I do not condone violence. But... The line must never be crossed...! Oct. 29, 2011 http://www.youtube.com/watch?v=Qdxh-KaSBSg&feature=youtu.be David Icke Occupy & Stopping Global Domination with them 32 min 48 seconds http://www.youtube.com/user/davidicke Marines In USA Supporting Occupy Protestors check it out at! www.occupymarines.org 99% Being Defrauded by Bankers & Corrupt Politicians Explained! 9 minutes http://www.forbiddenknowledgetv.com/page/5302.html The Robin Hood Tax watch great clip www.robinhoodtax.org Europe Uprising in Spain 7 min 37 seconds http://youtu.be/yKAxOHnuk-I Occupy Wall Street Short film 7 min 12 seconds http://youtu.be/uuZS6aknDxQ Media Truth Finally 3 min 40 seconds http://youtu.be/cCRnkamitVk Judge Napolitano's Open Letter to Occupy Wall Street Oct 13, 2011 5 min 16 seconds http://youtu.be/nVTj-vuoRoE Anyonymous Declares War Join the Resistance 7 Min 54 seconds http://youtu.be/bnwkqdKI4jk Kieth Olberman Reports Occupy Wall St Declaration 3 min 58 seconds http://youtu.be/pFDZg6cGrn4 Wall Street Protestors Coverage Keith Olbermann 9 Min 44 seconds http://youtu.be/V511H5jGPx8 Top CommentThe mainstream media whores for the Banksters are trying to downplay this and keep parroting the lie that the 99% don't know why they are ticked. But we know. We know that the private corporation Federal Reserve is a giant illegal counterfeiting scam that has enslaved the 99%. This is it folks. Either the organized criminal activity ceases or the guillotines are not far off. Oct. 6, 2011 VIEW THE CAFFERTY FILE http://www.youtube.com/watch?v=tuZmsjAY12Y&feature=youtu.be See USA Organizers See all Occupy Together communities Occupy Wall Street: The Most Important Thing in the World Now By Naomi Klein - October 6th, 2011 Published in The Nation. I was honored to be invited to speak at Occupy Wall Street on Thursday night. Since amplification is (disgracefully) banned, and everything I said had to be repeated by hundreds of people so others could hear (a.k.a. “the human microphone”), what I actually said at Liberty Plaza had to be very short. With that in mind, here is the longer, uncut version of the speech. I love you. And I didn’t just say that so that hundreds of you would shout “I love you” back, though that is obviously a bonus feature of the human microphone. Say unto others what you would have them say unto you, only way louder. Yesterday, one of the speakers at the labor rally said: “We found each other.” That sentiment captures the beauty of what is being created here. A wide-open space (as well as an idea so big it can’t be contained by any space) for all the people who want a better world to find each other. We are so grateful. If there is one thing I know, it is that the 1 percent loves a crisis. When people are panicked and desperate and no one seems to know what to do, that is the ideal time to push through their wish list of pro-corporate policies: privatizing education and social security, slashing public services, getting rid of the last constraints on corporate power. Amidst the economic crisis, this is happening the world over. And there is only one thing that can block this tactic, and fortunately, it’s a very big thing: the 99 percent. And that 99 percent is taking to the streets from Madison to Madrid to say “No. We will not pay for your crisis.” That slogan began in Italy in 2008. It ricocheted to Greece and France and Ireland and finally it has made its way to the square mile where the crisis began. “Why are they protesting?” ask the baffled pundits on TV. Meanwhile, the rest of the world asks: “What took you so long?” “We’ve been wondering when you were going to show up.” And most of all: “Welcome.” Many people have drawn parallels between Occupy Wall Street and the so-called anti-globalization protests that came to world attention in Seattle in 1999. That was the last time a global, youth-led, decentralized movement took direct aim at corporate power. And I am proud to have been part of what we called “the movement of movements.” But there are important differences too. For instance, we chose summits as our targets: the World Trade Organization, the International Monetary Fund, the G8. Summits are transient by their nature, they only last a week. That made us transient too. We’d appear, grab world headlines, then disappear. And in the frenzy of hyper patriotism and militarism that followed the 9/11 attacks, it was easy to sweep us away completely, at least in North America. Occupy Wall Street, on the other hand, has chosen a fixed target. And you have put no end date on your presence here. This is wise. Only when you stay put can you grow roots. This is crucial. It is a fact of the information age that too many movements spring up like beautiful flowers but quickly die off. It’s because they don’t have roots. And they don’t have long term plans for how they are going to sustain themselves. So when storms come, they get washed away. Being horizontal and deeply democratic is wonderful. But these principles are compatible with the hard work of building structures and institutions that are sturdy enough to weather the storms ahead. I have great faith that this will happen. Something else this movement is doing right: You have committed yourselves to non-violence. You have refused to give the media the images of broken windows and street fights it craves so desperately. And that tremendous discipline has meant that, again and again, the story has been the disgraceful and unprovoked police brutality. Which we saw more of just last night. Meanwhile, support for this movement grows and grows. More wisdom. But the biggest difference a decade makes is that in 1999, we were taking on capitalism at the peak of a frenzied economic boom. Unemployment was low, stock portfolios were bulging. The media was drunk on easy money. Back then it was all about start-ups, not shut downs. We pointed out that the deregulation behind the frenzy came at a price. It was damaging to labor standards. It was damaging to environmental standards. Corporations were becoming more powerful than governments and that was damaging to our democracies. But to be honest with you, while the good times rolled, taking on an economic system based on greed was a tough sell, at least in rich countries. Ten years later, it seems as if there aren’t any more rich countries. Just a whole lot of rich people. People who got rich looting the public wealth and exhausting natural resources around the world. The point is, today everyone can see that the system is deeply unjust and careening out of control. Unfettered greed has trashed the global economy. And it is trashing the natural world as well. We are overfishing our oceans, polluting our water with fracking and deepwater drilling, turning to the dirtiest forms of energy on the planet, like the Alberta tar sands. And the atmosphere cannot absorb the amount of carbon we are putting into it, creating dangerous warming. The new normal is serial disasters: economic and ecological. These are the facts on the ground. They are so blatant, so obvious, that it is a lot easier to connect with the public than it was in 1999, and to build the movement quickly. We all know, or at least sense, that the world is upside down: we act as if there is no end to what is actually finite -- fossil fuels and the atmospheric space to absorb their emissions. And we act as if there are strict and immovable limits to what is actually bountiful -- the financial resources to build the kind of society we need. The task of our time is to turn this around: to challenge this false scarcity. To insist that we can afford to build a decent, inclusive society – while at the same time, respect the real limits to what the earth can take. What climate change means is that we have to do this on a deadline. This time our movement cannot get distracted, divided, burned out or swept away by events. This time we have to succeed. And I’m not talking about regulating the banks and increasing taxes on the rich, though that’s important. I am talking about changing the underlying values that govern our society. That is hard to fit into a single media-friendly demand, and it’s also hard to figure out how to do it. But it is no less urgent for being difficult. That is what I see happening in this square. In the way you are feeding each other, keeping each other warm, sharing information freely and proving health care, meditation classes and empowerment training. My favorite sign here says “I care about you.” In a culture that trains people to avoid each other’s gaze, to say, “Let them die,” that is a deeply radical statement. A few final thoughts. In this great struggle, here are some things that don’t matter. - What we wear. - Whether we shake our fists or make peace signs. - Whether we can fit our dreams for a better world into a media soundbite. And here are a few things that do matter. - Our courage. - Our moral compass. - How we treat each other. We have picked a fight with the most powerful economic and political forces on the planet. That’s frightening. And as this movement grows from strength to strength, it will get more frightening. Always be aware that there will be a temptation to shift to smaller targets – like, say, the person sitting next to you at this meeting. After all, that is a battle that’s easier to win. Don’t give in to the temptation. I’m not saying don’t call each other on shit. But this time, let’s treat each other as if we plan to work side by side in struggle for many, many years to come. Because the task before will demand nothing less. Let’s treat this beautiful movement as if it is most important thing in the world. Because it is. It really is. Editor's Note: Naomi's speech also appeared in Saturday's edition of the Occupied Wall Street Journal.
This was taken from http://readersupportednews.org/off-site-opinion-section/64-64/7763-focus--occupy-wall-street-the-most-important-thing-in-the-world-now Once Occupy Wall Street demonstrations started to sweep across America, the mainstream media began to pay attention -- and sounded a chorus of criticism. The movement was disorganized; it had no agenda. It wasn't organized like the Tea Party. Fox News trotted out ace reporter Geraldo Rivera -- really -- to charge that European anarchists, paid illegal aliens, and out and out leftists were behind the innocent kids. Herman Cain led disapproving Republicans, calling the movement "un-American," when he should have been celebrating what it was doing for pizza sales. Virtually everything said about this movement is wrong. Stand back; take a clear look. Every politician should understand one thing: this is coming at you and you must decide. Whose side are you on? 1. Moral clarity Occupy Wall Street has no policy agenda, but it has utter moral clarity. The demonstrators have built an island of democracy in the belly of Wall Street. The bankers looking down on them would be on the street had not taxpayers bailed them out. And now they are confronted with students sinking under student debt with no jobs, homeowners who are underwater and can't find mortgage relief, workers desperate for work. No one is confused about the message. Wall Street got bailed out; Main Street was abandoned. The top 1% rigs the rules and pockets the rewards. And 99% get sent the bill for the party they weren't even invited to. 2. Non violent discipline That moral clarity was dramatized when the demonstrators stayed disciplined in the face of police provocation, including pepper spray in the face. The movement did not begin to sweep the country until people saw the police protecting Wall Street's banksters by assaulting peaceful protestors. Suddenly this wasn't a disorganized, rag-tag gathering. These were citizens under attack for exercising their rights. That struck a powerful moral chord. 3. A Rising Protest Across the country, people have responded to this clarity. Unemployed kids rallied to their side. White-collar workers stopped by for lunch. Suburbanites came in to share. On Wall Street, Liberty Square became a tourist center. Unions and national progressive organizations marched in support, without pretending to speak for the demonstrators. For progressives, this surge of protest began building months ago, when thousands of people rallied to take over the capitol building in Madison, Wisconsin to protest Gov. Scott Walker's attempt to crush worker rights. It built over the summer as thousands turned up at town meetings and sobered legislators with their demand for jobs, not cuts. The Washington Post suggested that unions and national organizers were resentful of Occupy Wall Street, but in fact most were buoyed by the energy unleashed, the moral challenge posed. 4. Political Steamroller Pundits dismiss Occupy Wall Street for not having a clear agenda. They are told to turn their protests into political demands. Some offer suggestions of what they should advocate -- "infrastructure investment" says Paul Krugman, a speculation tax on banks, home mortgage relief. The press wonders if Occupy will become the left-wing Tea Party and run candidates in elections, as if left-wing Koch brothers were orchestrating the protests. But this is silly. Occupy Wall Street is already a political steamroller. Without an agenda, without an electoral operation, without a slate of candidates, if it continues to grow, it will force every national politician to decide whose side he or she is on. Are you with the banks or with the 99%? And prove it. Reporters will insure the question gets posed; voters will be interested in the answer. This is a question that discomfits the White House, as Vice President Joe Biden admitted, since the administration bailed out the banks without reforming them. It is a question that exposes Republicans -- particularly Tea Party Republicans -- the ersatz populists who brayed against the bank bailout in the election, and then have worked tirelessly to rollback any reforms, gut the Consumer Financial Protection Bureau, and reopen the financial casino. It is a question, as the demonstrators show, not simply about the banks. The demonstrators demand action on jobs. And they want Wall Street to pay us back -- not cuts in Medicare or student loans or schools. And these challenges are likely to grow more stark. Mass unemployment is continuing. More and more Americans are losing their homes. More kids are graduating from school into the worst jobs scene in decades. Big banks are in increasing legal and financial peril for their pervasive fraud and abuses in the housing bubble. Independent Attorneys General like New York State's Eric Schneiderman have launched investigations. Investors are collecting on lawsuits. If this economy continues to stagnate or slow, which seems increasingly likely, banks like Bank of America are going to looking for another bailout. And once more, every national politician, from the president on down, will have to decide whose side they are on. 5. It's Only Just Begun No one can predict what happens to Occupy Wall Street, but the public protests have just begun. When the Civil Rights Movement took off, it too faced many of the same criticisms. It had too many demands. Its priorities were unclear. Did it want only to overturn legal segregation? Why was King going to Chicago? Why was he talking about poverty, and not just about equal rights? How dare he talk about the war? But King wasn't the only voice. There were competing and complementary centers of power. There were lawyers and lobbyists. Students in SNCC chafed at King's caution. Black power challenged integration. Riots shook the country. Movements aren't tidy. They aren't organized. They unleash energy. They inspire ordinary people to leave their daily routines and do extraordinary things. They inspire; they insult; they mortify. They disrupt business as usual. And if they touch a chord, they grow, and they force politicians and citizens to decide. Historically, when America has reached the levels of extreme inequality and corruption that it now witnesses, popular movements arise to demand change. The populist movements of the late 19th century took on the Robber Barons. Unions, left parties, Huey Long and his "every man a King" movement pushed Roosevelt from the left in the 1930s. And now, even as pundits were wondering where the left was, the eruption is beginning again. Will this movement be a factor in the 2012 elections? It already is. Will it make clear demands? It already has. Whose side are you on? Wall Street or kids in the street? The top 1% or the 99%? It doesn't get clearer than that. Author's Website: http://www.ourfuture.org A Very Important Message Petition Let's do everything we can to assist in getting 500,000 signatures of support. Dear Friends, As publisher of The Sedona Observer and as a journalist who has devoted her entire career to speaking truth to corrupted power and greed -- through papers, writings, crusades and so forth, I am thrilled to see the emergence of this people's movement against Wall St. greed and its message: Enough is enough! Your moral support for those fighting for you on the front line of the Wall St. battlefield is needed right away, by clicking on the link below... These people are being netted, literally, and unconstitutionally arrested by the police and charged with unlawful gathering and obstructing traffic. How inconveniently convenient... While the movement is about 10 years late, we should be dazzled by the courageous action finally replacing the detached complacency that has plagued our nation during the last decade. Better late than never, I suppose, but it's time that citizens finally take a stand against Wall Street, the greed of the wealthy elite and their evil gambling casino (aka the stock market) and the heinous banking system squeezing every last cent out of the American people after foreclosing on their homes and robbing them with unconscionable fees and charges. The powerful elite of the "go eat cake" Versailles mindset will do everything possible to squelch this people's movement against vice and corruption -- you know, those 1% who control the wealth, who thrive off the sweat of the backbreaking labor of the other 99%. And the stonewalled media continues to suppress the news and the truth about what is really going on -- such as the sickening way the New York police threw huge nets over peaceful demonstrators simply exercising their First Amendment rights, as though they were savage animals to be snared. Notice how that barbaric and unconstitutional act of savagery, reminiscent of another century and empire far in the ancient past, conveniently did not appear in the papers or nightly news broadcasts... which, by the way, was the largest mass citizen arrest in U.S. history. This is why YOU must make a statement and support those unjustly being arrested right now. Because they are doing it for YOU. So that you don't lose your home unfairly or your life's savings; so that you have the right to universal health care, like all other citizens of the world, when you get sick or get cancer (like Apple computer chairman Steve Jobs who died yesterday at age 55 before his time due to the debilitating effects of radiation and chemotherapy); so that your bank does not impose those ludicrous fees as of Jan. 1 for the privilege of using your debit card to make purchases. So that if you need to work and want a job, you will be able to find one -- and one that offers you a decent wage in return for your services without usurping your dignity and human rights in the workplace. Above all, they are fighting for the remaining shreds of our deteriorating constitutional rights -- freedom of speech, freedom of the press, and the right to convene. Luckily, we still have the Internet to publish our newspapers and distribute the news and the truth and social media to exercise our voices and be heard. These online tools are what is keeping the movement alive and from preventing it from being squelched. Click on the link below and just sign your name to add support to all those who are appearing in person at the wonderfully BIG protests against Wall Street....... I've just joined a global movement catching fire across the globe -- demanding a government that serves the needs of the 99% of us, not just the whims of the wealthiest 1%. We can bring the world together in one giant, deafening call for real democracy. Join the 99% with me and the rest of the world here: http://www.avaaz.org/en/the_world_vs_wall_st/?sbc In Truth, Catherine Rourke Publisher, Editor, Journalist The Sedona Observer Changing America by Changing Its Media First www.SedonaObserver.com Occupy the Treasury! Reclaim the monetary system
with the NEED Act – HR 2990 INTRODUCTION: This article is a plea to take the private owners and dispensers of credit out of our bizarre monetary system, and restore the constitutional fuction of money creation to the Federal Treasury. Dennis Kucinich introduced a bill that would do this, only four days after the Wall Street Occupation began~ HR 2990 The national Emergency Employment Defense Act of 2011. If this legislation were replicated in every country it would spark a global renaissance. HR 2990 ends 'fractional reserve' lending (the credit casino), nationalizes the Federal Reserve, restores the federal tgovernment's authority to originate money (without debt), pays off federal debt with the new US money as it comes due, until the debt is completely retired. US Money would be created by a Treasury Monetary Authority and spent into circulation to fund infrastructure, education, health care, grants and loans to states. It even includes a tax-free dividend to all US citizens to directly inject liquidity into the ecnonomy. There are powerful beneficiaries of the current system who will descend on Congress to defeat this bill. But we have a stunning opportunity with the Occupy Movement to defeat them with massive public pressure. Let's occupy the Treasury! Nikki Alexander http://nikkialexander.wordpress.com Oct. 23, 2011 ****** HR 2990 – The National Emergency Employment Defense Act of 2011 could be the catalyst for a global renaissance. The NEED Act eliminates private control of the monetary system and restores the government’s Constitutional authority to create money without creating debt and spend it into circulation to rebuild the productive economy. With all the hysteria about government debt and deficit spending, ostensible pretexts for annihilating the public sector, why is no one scrutinizing the source of the problem ~ the monetary system? Our economy has been running on credit since 1913 when Congress forfeited its sovereign authority to create the nation’s money supply and gave that privilege away to a cartel of private banking corporations ~ the Federal Reserve System. What passes for money (Federal Reserve notes) is actually bank credit that enters circulation through private bank loans as interest bearing debt. Credit is not money. Credit is debt. Not only did Congress forfeit its Constitutional authority to create money without incurring debt, it simultaneously gave private bankers the power to control the whole economy by dictating where credit flows ~ to Wall Street or Main Street. The bankers who control the credit supply, control both realities. They can arbitrarily expand credit exponentially to create a housing bubble or $600 trillion mortgage derivatives casino, and they can also starve the PRODUCTIVE economy by contracting the credit supply – at will. Wall Street corporations are sitting on $2 trillion in cash reserves and executive bonuses are soaring while millions of Americans are losing their jobs and homes through no fault of their own. Federal Reserve chairman, Ben Bernanke, admitted that the Federal Reserve caused the Great Depression, known to bankers as the Great Contraction. The same credit contraction of the productive economy is happening again today. This is why hospitals and schools are closing, businesses are collapsing, the job sector is shrinking, and municipalities have insufficient revenue … why every part of the productive economy is contracting. The domino effect of contraction increases as people have less to spend and can’t support local business that in turn must lay off workers. Unemployed workers have no income to pay taxes. Decreased tax revenue starves federal, state and local governments, which in turn lay off more workers and cut spending. Spending cuts and layoffs further contract the economy. Is the productive economy being deliberately destroyed or are these people really stupid? (See this stunning graphic ~ the geography of recession.) Why is no one publicly questioning the power banks have to contract the economy with their monopoly control over credit? Why don’t we reinstate sovereign money instead that is issued by the federal government, per US Constitution Article 1, Section 8? We wouldn’t have a national debt because the government wouldn’t have to borrow. We wouldn’t be at the mercy of banks that withhold credit and contract the economy because our government could inject liquidity directly into the PRODUCTIVE economy. This basic truth is so obvious, there must be an unspoken agreement that explains why governments everywhere continue to borrow credit instead of originating the national money supply without incurring public debt. Who benefits? Large corporations and ultra wealthy individuals theoretically pay 35% in taxes, but in reality from 17% to zero, compared to 50% and 91% respectively, in 1960. Today, the federal government borrows from these two extremely affluent groups instead of taxing excessive wealth. The public pays them back, plus interest ~ an arrangement that fosters income inequality, concentration of wealth, federal debt and deficits. Why not reform the tax code? Concentrated wealth buys political influence to dictate tax policy. Who else benefits? The military siphons off 58% of the visible federal discretionary budget. The invisible Pentagon budget, in excess of one trillion annually is unknown to Congress because the Pentagon has never passed an audit. Pentagon contractors, DHS and the “security” industry have sucked up $7.5 trillion since 9/11. The corporate war and national “security” industries are financed with borrowed credit that goes on the taxpayer tab for future generations. If this government spending had to be financed through direct taxation do you think Americans would refuse to pay $6 trillion for illegal wars in Iraq, Afghanistan, Pakistan and Libya and $7.5 trillion for so-called “offensive security”? The cost of this antisocial spending is so excessive it would consume the entire annual income of most workers. Rebellion would surely derail the corporate war and national “security” gravy train. Here are some other big beneficiaries of government debt … Wall Street financial institutions, transnational investment banks and members of the Federal Reserve System that derive billions of dollars in interest payments provided by American taxpayers. Government debt is a lucrative commodity. (Student debt soared from $200 billion in Y2000 to a whopping $830 billion in Y2010, surpassing the nation’s total credit card debt of $800 billion.) Just to give you a sense of how cavalier the transnational bankers are that gamble with our lives, ICE US Trust LLC, a Federal Reserve member, is a multi-trillion dollar credit default swaps casino that accepts only two forms of collateral to place a bet ~ cash and G-7 government debt. Where did sixteen trillion dollars in taxpayer loans come from to bail out corporations and domestic and foreign banks that crashed the global economy with their mortgage derivatives casino? That credit was generated by the Federal Reserve to save the banks that created the crisis from well-deserved bankruptcy. Their liabilities were transferred to taxpayers and bailout funds were used to expand their monopolies. The US Treasury is their ATM and we, the taxpayers, supply the cash. Another major beneficiary is the World Bank-IMF syndicate of predators that engineer government debt as a weapon of mass destruction. The “sovereign debt crisis” being used in Europe as a pretext for “austerity” is classic IMF structural adjustment (economic train wreck) and has its counterpart in the US, masquerading as government deficit reduction. Neoliberal privateers follow a predictable blueprint: deregulate to clear a path for criminals, drive a nation into debt to confiscate state assets, privatize the public sector, loot the treasury, slash wages, destroy unions, steal pensions, cut social spending, raise taxes on workers and cut taxes on the wealthy. Sound familiar? The IMF has been using this blueprint since WWII to loot the world. The Occupy Movement has a stunning opportunity to halt and defeat this global attack on the public by restoring sovereign monetary systems worldwide. Occupy the Treasury ~ Transform the monetary system In the United States, Congressman Dennis Kucinich has introduced a bill that could be replicated in other countries – HR 2990 The National Emergency Employment Defense Act of 2011. The NEED Act restores the constitutional prerogative of the federal government to create the national money supply – without incurring debt – and ends ‘fractional reserve’ lending, the accounting device that banks use to arbitrarily create credit with a computer keystroke. Henceforth, ONLY the US Treasury’s Monetary Authority would have the legal authority to create US money. Banks would only be able to lend US money they actually have on deposit or borrow from the Monetary Authority. Implementation of The NEED Act would pay off federal debt with US Money as it comes due until it is permanently retired. Money would initially enter circulation by federal spending to promote the general welfare, for example on public infrastructure ($2.2 trillion needed, creating 7 million jobs); underwriting the public education system from kindergarten through college; stabilizing social security and state pensions; funding federal mandates; making grants and interest-free loans to states for public infrastructure, education, health care and rehabilitation. In addition, the Monetary Authority would give 25% of money created to the states, and a tax-free dividend to all US citizens to inject liquidity into the economy. All without incurring one penny of debt. Passing this legislation would give the PUBLIC control over creating the money supply and the MEANS to expand the PRODUCTIVE economy. People who are employed have money to spend which increases the number of customers for small (and large) businesses which can then hire more workers. Greater employment and increased productivity creates more state and local tax revenue which can then be spent on funding public services. In other words, the NEED Act reverses the cycle of economic contraction engineered by private banks withholding credit – permanently. The NEED Act nationalizes the monetary system ~ not the banking system. Serious banking regulations, Wall Street reforms and prosecutions for fraud are still in order. Immediate withdrawal from the World Trade Organization 1999 Financial Services Agreement is a critical prerequisite for reinstating regulations that protect the public. The 1999 WTO FSA mandated massive deregulation of the financial sector in 105 countries and forbids sovereign governments to EVER roll back these destructive mandates. By what authority? Add the unaccountable, unelected WTO tribunal to the list of transnational predators sabotaging financial integrity and monetary sovereignty. Who wouldn’t want a public monetary system that serves the whole society? The beneficiaries of a debt scheme that siphons off our nation’s resources to finance antisocial pursuits and concentrate wealth in the hands of a few. Their lobbyists will descend on Congress. This bill will die a quiet death in the House Committee on Financial Services and never be brought to the floor for a vote unless we – the 99% – make it visible and demand its passage. The Occupy Movement has enormous potential to transform the structural inequality built into our monetary, economic and political system. Superficial “reforms” are meaningless. Please devote yourself to building public momentum to demand passage of this bill. If we reach critical mass we just might ‘form a more perfect union, establish ECONOMIC justice, ensure domestic tranquility, promote the general welfare and secure the blessings of liberty to ourselves and our posterity.’ Restoring sovereign monetary systems worldwide could spark a Global Renaissance. A message from Dennis Kucinich to Occupy Wall Street protesters: http://www.youtube.com/watch?v=4IdPyYRnOY0 HR 2990 NEED Act Fact Sheet: http://kucinich.house.gov/UploadedFiles/NEED_Act_Fact_Sheet_09232011.pdf Read the NEED Act: http://kucinich.house.gov/UploadedFiles/NEED_Act_FINAL_112th.pdf Hear Dennis Kucinich explain the bill http://www.truthdig.com/podcast/item/dennis_kucinich_and_chris_hedges_on_the_99_percent_20111006/ Dennis Kucinich and Chris Hedges on the 99 Percent Article: “Dennis Kucinich beats President Obama to the punch with a jobs plan” http://nikkialexander.wordpress.com/ |