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Guest Post: Analysis of the Global Insurrection Against Neo-Liberal Economic Domination and the Coming American Rebellion

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Submitted by David DeGraw from Amped Status

Guest Post: Analysis of the Global Insurrection Against Neo-Liberal Economic Domination and the Coming American Rebellion – We Are Egypt [Revolution Roundup #3]

If you think what’s happening in Egypt won’t happen within
the United States, you’ve been watching too much TV. The statistics
speak for themselves.

Join The MovementIn previous Revolution Roundups,
before we were knocked offline, we featured mass protests by the people
of Ireland, Italy, Britain, Austria, Greece, France and Portugal, as
the Global Insurrection contagion spread throughout Europe. And now, as
we have seen over the past month, North African and Middle Eastern
nations have joined the movement as the people of Egypt, Tunisia,
Jordan, Morocco, Gabon, Mauritania, Yemen, Bahrain, Libya, Palestine,
Iraq, Sudan and Algeria have taken to the streets en masse.

The connection between this latest round of uprisings and the prior
protests throughout Europe is one the mainstream media is not making. We
are witnessing a decentralized global rebellion against Neo-Liberal
economic imperialism. While each national uprising has its own internal
characteristics, each one, at its core, is about the rising costs of
living and lack of financial opportunity and security. Throughout the
world the situation is the same: increasing levels of unemployment and
poverty, as price inflation on food and basic necessities is soaring.

Whether national populations realize it or not, these uprisings are
against systemic global economic policies that are strategically
designed to exploit the working class, reduce living standards, increase
personal debt and create severe inequalities of wealth. These global
uprising, which have only just begun, are the first wave of the
inevitable reaction to the implementation of a centralized worldwide
Neo-Feudal economic order.

The global banking cartel, centered at the IMF, World Bank and
Federal Reserve, have paid off politicians and dictators the world over —
from Washington to Greece to Egypt. In country after country, they have
looted national economies at the expense of local populations,
consolidating wealth in unprecedented fashion – the top economic one-tenth of one percent
is currently holding over $40 trillion in investible wealth, not
counting an equally significant amount of wealth hidden in offshore
accounts.

IMF imperial operations designed to extract wealth and suppress
populations have been ongoing for decades. As anyone researching
economic imperialism will know, a centrally planned Neo-Liberal
aristocracy controls the global economy.

I: Centrally Planned Economic Repression

The IMF has a well-worn strategy that they use to conquer national
economies. As I warned four months ago, we have now progressed into Step
3.5: World Wide IMF Riots. Back in October, in a TV interview with Max Keiser, we discussed leaked World Bank documents that revealed the IMF’s strategy. I stated the following:

“They have a four-step strategy for destroying national
economies…. We are about to enter what they would call Step Three.
Step Three is when you’ve looted the economy and now food and basic
necessities all of a sudden become more expensive, harder to get to. And
then, Step 3.5 is when you get the riots. We are fastly approaching
that….

We are headed to, as the IMF said, and as they plan, Step 3.5: IMF Riots. That’s what’s coming…”

Fast-forward four months to today, and now we see country after
country rebelling against high food prices. Since our October interview,
food prices have spiked 15%. According to new World Bank data, since
June 2010, “Rising food have pushed about 44 million people into poverty in developing countries.”

As Federal Reserve Chairman Ben Bernanke announced another round of
Quantitative Easing (QE2), those of us paying attention knew that the
trigger had been pulled and Step Three had been executed. It was a
declaration of economic war, an economic death sentence for tens of
millions of people – deliberately devaluing the dollar and sparking
inflation in commodities/basic necessities. It was a vicious policy that
would impact people from Boston to Cairo.

When QE2 was announced, I warned: “Food and Gas Prices Will Skyrocket, The Federal Reserve Just Dropped An Economic Nuclear Bomb On Us.” I also wrote:
“The Federal Reserve is deliberately devaluing the dollar to enrich a
small group of a global bankers, which will cause significant harm to
the people of the United States and severe ramifications throughout the
world…. The Federal Reserve’s actions are already causing the price of
food and gas to increase and will cause hyperinflation on most basic
necessities.”

To be clear, there are several significant factors contributing to
rising food prices, such as extreme weather conditions, biofuel
production and Wall Street speculation;
but the Federal Reserve’s policies deliberately threw gasoline all
over those brush fires. QE2 was another economic napalm bomb from the
global banking cartel.

In a recent McClathy news article entitled, “Egypt’s unrest may have roots in food prices, US Fed policy,” Kevin Hall reports:

“‘The truth of the matter is that when the Federal
Reserve moved on the quantitative easing, it did export inflation to a
lot of these emerging markets…. There’s no doubt that one of the side
effects of the weak dollar and quantitative easing has been rising
commodity prices. It helped create this bullish environment for
commodities. This is a very delicate balancing act.’

It’s a view shared by Ed Yardeni, a veteran financial market analyst,
who reached a similar conclusion in a research note to investors…. He
joked that Fed Chairman Ben Bernanke should be added to a list of
revolutionaries, since his quantitative easing policy, unveiled last
year in Wyoming, has provoked unrest and change in the developing world.

‘Since he first indicated his support for such a revolutionary
monetary change… the prices of corn, soybeans and wheat have risen 53
percent, 37 percent and 24.4 percent through Friday’s close,’ Yardeni
noted. ‘The price of crude oil rose 19.8 percent over this period from
$75.17 to $90.09 this (Monday) morning. Soaring food and fuel prices are
compounding anger attributable to widespread unemployment in the
countries currently experiencing riots.’”

The people throughout the Middle East and Northern Africa, on the
fringe of the Neo-Liberal economic empire and most vulnerable to the
Fed’s inflationary policies, are the first to rebel.

Before analyzing the situation within the US, let’s take a closer
look at the global Neo-Liberal economic policies that led to the
Egyptian and Tunisian revolts.

II :: Economic Imperialism: IMF Plunder of Egypt and Tunisia

Join The MovementIn
the Middle East and North Africa populations are rising against their
local dictators. However, these “dictators” take orders from the IMF.

A report from the Center for Research on Globalization revealed some background and historical context:

“The Alliance between Global Capitalism and Arab Dictators

It is paramount to understand that the Arab dictators and tyrants
serve the interests of organized capital. This is their primary
function. They are elements of the global system formed by organized
capital.

Looking back, protests and riots started in 1977 against the regime
of Mohammed Anwar Al-Sadat, Mubarak’s predecessor. The causes of these
protests were the neo-liberal policies that the I.M.F. had handed down
to Sadat. The I.M.F. policies ended government subsidies on basic daily
commodities of life. Food prices jumped and Egyptians became hard-hit….

The Arab people grasp the fact that their ruling class and
governments are not only corrupt regimes, but also comprador elites,
namely the local representatives of foreign corporations, governments,
and interests…. In Egypt, Gamal Mubarak (who was being groomed by his
father for the presidency) worked for Bank of America.

In Tunisia, Zine Al-Abidine Ben Ali was a military officer trained in
French and American military schools who, once in power, served U.S.
and French economic interests. In Lebanon, Fouad Siniora was a former
Citibank official before he became prime minister…. Within the corrupt
Palestinian Authority, Salam Fayyad worked for one of the banks forming
the U.S. Federal Reserve and the World Bank….

Moreover, almost all Arab finance ministers are affiliated to the
major global banking institutions. All of them also strictly adhere to
the Washington Consensus of the International Monetary Fund (I.M.F.) and
the World Bank…”

Samer Shehata, professor of Arab politics at Georgetown University, summed up the situation in Egypt and Tunisia:

“Beginning in 2004… Egypt began implementing economic
reforms called for by the IMF—or really forced on them by the IMF and
the World Bank… a new government was appointed, new ministers were
appointed, who believed wholeheartedly in the ideas of the IMF and the
World Bank. And they quite vigorously pursued these policies. And there
was at one level, at the level of macroeconomic indicators, statistics,
GDP growth rates, foreign direct investment and so on—Egypt seemed to be
a miracle. And this, of course, was the case with the Tunisian model
earlier. You’ll remember that Jacques Chirac called it the ‘economic
miracle,’ and it was the darling of the IMF and the World Bank, because
it implemented these types of reforms earlier. Well, of course, we saw
what happened in Tunisia. In Egypt, from 2004 until the present, the
government and its reforms were applauded in Washington by World Bank,
IMF and US officials…. Egypt received the top reformer award from the
IMF and the World Bank…”

Former Goldman Sachs executive Nomi Prins reveals more details:

The Egyptian Uprising Is a Direct Response to Ruthless Global Capitalism

“The revolution in Egypt is as much a rebellion against the painful
deterioration of economic conditions as it is about opposing a
dictator…. When people are facing a dim future, in a country hijacked by
a corrupt regime that destabilized its economy through what the CIA
termed, ‘aggressively pursuing economic reforms to attract foreign
investment’ (in other words, the privatization and sale of its country’s
financial system to international sharks), waiting doesn’t cut it….

Tunisia’s dismal economic environment was a direct result of its
increasingly ‘liberal’ policy toward foreign speculators. Of the five
countries covered by the World Bank’s, Investment Across Sectors
Indicator, Tunisia had the fewest limits on foreign investment…. Egypt
adopted a similar come-and-get-it policy, on steroids…. But, as we
learned in the U.S., what goes up with artificial helium plummets under
real gravity…. Not surprisingly, those foreign speculation strategies
didn’t bring less poverty or more jobs either. Indeed, the insatiable
hunt for great deals, whether by banks, hedge funds, or private equity
funds, as it inevitably does, had the opposite effect….

Ironically, the [Egyptian Ministry of Investment] brochure touted the
large college graduate population entering the job market each year —
325,000. The same graduates are the core of the current revolution. They
failed to find adequate jobs and are faced with an official
unemployment rate of just below 10 percent (though, similar to the U.S.,
that figure doesn’t account for underemployment, poor job quality or
long-term prospects)…. Meanwhile, 20 percent of Egypt lives in poverty…
For in the United States, economic statistics are no better. By certain
measures, like income inequality, they are worse than in Egypt.”

III :: US-Egypt Economic Parallels, Inequality & Poverty

Comparable economic statistics between the US and Egypt are facts that US mainstream media propagandists are not reporting.

Inequality of Wealth

Income inequality has reached a record level within Egypt, as Pat Garofalo explained:

“One of the driving factors behind the protests is the…
growing sense of inequality. ‘They’re all protesting about growing
inequalities…. The top of the pyramid was getting richer and richer,’
said Emile Hokayem of the International Institute for Strategic Studies
in the Middle East.

As Yasser El-Shimy, former diplomatic attaché at the Egyptian
Ministry of Foreign Affairs, wrote in Foreign Policy, ‘income inequality
has reached levels not before seen in Egypt’s modern history.’”

As
the US mainstream media references the “oppressive” and “corrupt”
inequality of wealth throughout Egypt, the hypocrisy is shameful. The
inequality of wealth in the United States is currently the most severe
it has ever been. Gini coefficient ratings are a measure of a nation’s
inequality – the higher a nation scores, the more unequal the society
is. The US has a Gini coefficient rating of 45, compared to Egypt’s
34.4, Yemen’s 37 and Tunisia’s 40, making the US the most unequal,
“oppressive” and “corrupt” of the four.

As John Dewey once said, “There is no such thing as the liberty or
effective power of an individual, group, or class, except in relation to
the liberties, the effective powers, of other individuals, groups or
classes.”

Poverty

When well-paid “experts” in expensive suits sitting behind desks in
state of the art studios discuss the hardships of the Egyptian people,
something tells me that these pundits haven’t spent much time
interacting with tens of millions of people living in inner city America
– just because the mainstream media doesn’t cover them, doesn’t mean
they don’t exist. They exist in larger numbers in the US than they do
in most rebelling countries.

The rising price of food has played a pivotal role in sparking the
uprisings, food prices have a larger impact in countries like Egypt and
Tunisia, as they represent a more significant percentage of total
income. However, the overall costs of living in the US are significantly
higher. When these costs are factored in — medical expenses, housing,
transportation, education, etc. – the US poverty level of $22k per year,
for a family of four, is comparable to the poverty rate measure in
Egypt.

According to the CIA, the poverty rate
in Egypt is 20%. With a population size of 83 million people, this
would put 16.6 million Egyptians living in poverty. In the US, the
current poverty rate is 16.8%, with a population of 309 million, this puts 52 million Americans living below the poverty line.

When
you consider that the US has 52 million people currently living in
poverty, you realize, as shocking as it may sound, that we have a larger
number of desperate people in the US than rebelling populations in
countries throughout the Middle East and Europe. Overall, in comparison
to Egypt, the US population is obviously more geographically spread out,
but if you breakdown the demographics, many large US cities have a
poverty rate higher than the 20 percent rate in Egypt.

Consider that, according to low-ball government statistics, nine major US cities have a poverty rate over 25%.

IV :: Debt Slavery: Unemployed, Underemployed, Underpaid, In Debt

The unemployment rate in Egypt mirrors the unemployment rate in the
US, currently fluctuating between nine and ten percent, according to
government sources. The unemployment rate among recent graduates
attempting to enter the workforce also mirrors the crisis in the US. The
young unemployed and underemployed demographic has played a pivotal
role in leading the rebellion. Reporting for the Financial Times in an
article entitled, “At hand, an Arab awakening,” Roula Khalaf sums it up this way:

“In Egypt, as in Tunisia, the young people who initiated
the street campaigns were educated, internet-savvy activists with no
political affiliation. [Sound familiar?] After watching the fervour
unleashed in the past month, young Syrians, Bahrainis, Algerians and
even the quiescent Libyans are turning to Facebook and Twitter to call
for their own ‘day of rage’.

As Mr Khashoggi puts it: ‘The 25-year-old unemployed today has become the strong man.’”

A report from Business Week entitled, “The Youth Unemployment Bomb,” provides more detail:

“In Tunisia, the young people who helped bring down a
dictator are called hittistes—French-Arabic slang for those who lean
against the wall. Their counterparts in Egypt… are the shabab atileen,
unemployed youths… In Britain, they are NEETs – ‘not in education,
employment, or training.’ In Japan, they are freeters: an amalgam of the
English word freelance and the German word Arbeiter, or worker.
Spaniards call them mileuristas, meaning they earn no more than 1,000
euros a month. In the U.S., they’re ‘boomerang’ kids who move back home
after college because they can’t find work. Even fast-growing China… has
its ‘ant tribe’ – recent college graduates who crowd together in cheap
flats on the fringes of big cities because they can’t find well-paying
work.

In each of these nations, an economy that can’t generate enough jobs
to absorb its young people has created a lost generation of the
disaffected, unemployed, or underemployed—including growing numbers of
recent college graduates for whom the post-crash economy has little to
offer….

More common is the quiet desperation of a generation in ‘waithood,’
suspended short of fully employed adulthood. At 26, Sandy Brown of
Brooklyn, N.Y., is a college graduate and a mother of two who hasn’t
worked in seven months. ‘I used to be a manager at a Duane Reade in
Manhattan, but they laid me off. I’ve looked for work everywhere and I
can’t find anything,’ she says. ‘It’s like I got my diploma for
nothing.’”

The collapsing job market, declining wages, loss of benefits and
skyrocketing cost of education has created a “lost generation” of young
college graduates with little options and massive debt. When millions
of American students took out tens of thousands of dollars in student
loans to pay for an education which they assumed would give them the
skills needed to make a good living, they never imagined that they would
be either unemployed, working part-time, or making significantly less
than people in their chosen profession have traditionally made. The
majority of young workers in their twenties and early thirties have debt
that they will spend most of their life trying to pay back. They’ve
been sentenced to a life of…

Debt Slavery

Mike Whitney recently interviewed Alan Nasser on CounterPunch for a piece entitled, “The Student Loan Swindle.” Here’s an excerpt:

MW: Is it possible to ‘walk away’ from a student loan and declare bankruptcy?

Alan Nasser: No, it’s not possible for student debtors to escape
financial devastation by declaring bankruptcy. This most fundamental of
consumer protections would have been available to student debtors were
it not for legislation explicitly designed to withhold a whole range of
basic protections from student borrowers. I’m not talking only about
bankruptcy protection, but also truth in lending requirements, statutes
of limitations, refinancing rights and even state usury laws – Congress
has rendered all these protections inapplicable to federally guaranteed
student loans. The same legislation also gave collection agencies
hitherto unimaginable powers, for example to garnish wages, tax returns,
Social Security benefits and – believe it or not – Disability income.

Twisting the knife, legislators made the suspension of state-issued
professional licenses, termination of public employment and denial of
security clearances legitimate measures to enable collection companies
to wring financial blood from bankrupt student-loan borrowers. Student
loan debt is the most punishable of all forms of debt – most of those
draconian measures are unavailable to credit card companies….

MW: Is it fair to say that the student loan industry is a scam
that targets borrowers who will never be able to repay their debts? Are
these students like the people who were seduced into taking out subprime
loans? How much money is involved and how much of that money is either
presently in default or headed for default?

Alan Nasser: It’s as fair as fair can be. First, the student loan
industry is huge – a large majority of students from every type of
school are in debt. Debt is held by 62 percent of students enrolled at
public colleges and universities, 72 percent at private non-profit
schools and 96 percent at private, for-profit (‘proprietary’) schools.
It was announced last summer that total student loan debt, at $830
billion, now exceeds total US credit card debt, which is itself bloated
to the bubble level of $827 billion. And student loan debt is growing at
the rate of $90 billion a year.”

Join The MovementThese
students weren’t expecting an economic crisis to occur, and, unlike the
banks that lent them the money, they’re not getting a bailout. Also
factor in that the overwhelming majority of new jobs, the few that are
being added, are either part-time, temporary or in low paying fields
without health or retirement benefits. Mix all of this together, and
you have a vicious cycle with devastating consequences.

Given the size of this segment of the population, carrying this much
debt, at such a young age, with limited prospects, you can feel the
winds of revolution blowing.

Contrary to all the propaganda you hear from the mainstream media and
politicians, the economy is still shedding jobs at a staggering pace.
ZeroHedge recently featured a report entitled, “Just How Ugly Is The Truth Of America’s Unemployment” by economist David Rosenberg:

“It is laughable that everyone believes the labor market
in the U.S.A. is improving.… The data from the Household survey are
truly insane. The labor force has plunged an epic 764k in the past two
months. The level of unemployment has collapsed 1.2 million, which has
never happened before. People not counted in the labor force soared 753k
in the past two months.

These numbers are simply off the charts and likely reflect the
throngs of unemployed people starting to lose their extended benefits
and no longer continuing their job search (for the two-thirds of them
not finding a new job). These folks either go on welfare or they rely on
their spouse or other family members or friends for support….

Of all the analysis we saw over the weekend, the only one that made any sense was the editorial by Bob Herbert:

‘The policy makers don’t tell us that most of the new
jobs being created in such meager numbers are, in fact, poor ones, with
lousy pay and few or no benefits. What we hear is what the data zealots
pump out week after week, that the market is up, retail sales are
strong, Wall Street salaries and bonuses are streaking, as always, to
the moon, and that businesses are sitting on mountains of cash. So all
must be right with the world.

Jobs? Well, the less said the better.

What’s really happening, of course, is the same thing that’s been
happening in this country for the longest time — the folks at the top
are doing fabulously well and they are not interested in the least in
spreading the wealth around.

The people running the country — the ones with the real clout,
whether Democrats or Republicans — are all part of this power elite.
Ordinary people may be struggling, but both the Obama administration and
the Republican Party leadership are down on their knees, slavishly
kissing the rings of the financial and corporate kingpins.’

… the civilian population rose 1.872 million last year. At the same
time, the labor force fell 167k. Those not in the labor force soared
2.094 million. Just in January, we saw 319,000 people drop out of the
work force. These numbers are incredible. This is a highly dysfunctional
labor market. People are falling through the cracks at an alarming rate
as they come off their extended jobless benefits….”

In the US, we have over six million people who have now been
unemployed for over six months, the highest total we have ever had.
Factoring long-term unemployed and part-time workers looking for
full-time work in to the total unemployment count, we now have over 30
million Americans in need of employment.

V :: The American Dream Foreclosed Upon

The foreclosure crisis in the United States, which has already
affected over seven million people since the crisis began, is not
slowing down, it’s accelerating. Economist Joseph Stiglitz recently
predicated another two million foreclosures in 2011. David Walsh sums up the growing crisis:

Nearly 30 percent of US homeowners now ‘underwater’

“Year over year, home values were down 5.9 percent nationally, and
have fallen 27 percent since their peak in June 2006. The total value
of US single-family homes fell a staggering $798 billion in 2010’s
fourth quarter, and for the entire year, more than $2 trillion….

The number of US homeowners ‘underwater,’ i.e., owing more than their
homes were worth, at the end of 2010, jumped to 27 percent, up from
23.2 percent in the third quarter…. ‘The rate of homes selling for a
loss reached a new peak in December, with more than one-third (34.1
percent) selling for a loss. The rate of homes sold for a loss has
increased steadily for the past six months.’ Some 15.7 million
homeowners had negative equity at the end of the fourth quarter, in
households home to more than 40 million people.

The massive number of those underwater will ‘surely lead to higher
foreclosure rates soon,’ notes CNNMoney…. Economist Joseph Stiglitz,
speaking at a conference in Mauritius February 9, predicted that another
2 million foreclosures would take place in the US in 2011, adding to
the 7 million already recorded since the financial meltdown of 2008.

Banks repossessed 1 million homes in 2010, and this year is expected
to be bleaker. Approximately 5 million borrowers are at least two months
behind in their mortgage payments.”

VI :: A Recipe For Revolution: Tax Breaks for the Rich, Budget Cuts for the Poor

















Let’s recap the statistics: we have 59 million people without
healthcare, 52 million in poverty, 44 million on food stamps, 30 million
in need of work, seven million foreclosed upon and five million homes
over two months late in their mortgage payments. Meanwhile, all new
political policies and proposals on the table, on the state and federal
level, are committed to major cuts in social services. In a sign of
what’s to come, Obama’s first disclosed spending cut targets the poor.
As Salon recently reported:

New Obama strategy: Beat up poor people

“To prove it is ‘serious’ about the deficit, the White House proposes
cutting a program that helps pay heating bills. The Obama
administration… will propose big cuts to a program that provides energy
assistance to poor people when it unveils its suggested 2012 budget.
‘The Low Income Home Energy Assistance Program, or LIHEAP… would see
funding drop by about $2.5 billion from an authorized 2009 total of $5.1
billion.’

The news is generating a lot of outrage… in large part because of a
paragraph that suggests that the White House wants to gain political
advantage from being seen as tough on the most vulnerable Americans —
people who can’t afford heating oil during cold winters…. If the White
House wants to convince Americans that it is serious about budget
discipline, it should do so by ‘going after powerful vested interests
rather than those least able to defend themselves within the political
arena.’ The White House could redouble its efforts to cut oil company
subsidies or repeal tax cuts for the rich, for example.”

As The Independent reported,
“Obama to set out painful budget plans for austerity in America.
Americans are about to get a first glimpse of what tight-fisted federal
government looks like with President Barack Obama releasing an
austerity-tinged draft budget.”

In a report we featured on the AmpedStatus Hot List with the headline, “US Democracy Crushed By Economic Elite,” Bob Herbert sums it up:

“One state after another is reporting that it cannot pay
its bills. Public employees across the country are walking the plank by
the tens of thousands. Camden, N.J., a stricken city with a serious
crime problem, laid off nearly half of its police force. Medicaid, the
program that provides health benefits to the poor, is under savage
assault from nearly all quarters.

The poor, who are suffering from an all-out depression, are never
heard from. In terms of their clout, they might as well not exist. The
Obama forces reportedly want to raise a billion dollars or more for the
president’s re-election bid. Politicians in search of that kind of cash
won’t be talking much about the wants and needs of the poor. They’ll be
genuflecting before the very rich.”

Austerity measures and draconian cuts to the social safety net are
occurring just after passing hundreds of billions of dollars in tax
breaks to multi-millionaires and billionaires. On the state level, the
Center on Budget and Policy Priorities released a report
revealing, “Thirty-one states have released their initial budget
proposals for fiscal year 2012 (which begins July 1 in most states),
and, for the fourth year in a row, these budgets propose deep cuts in
education, health care, and other important public services…”

After committing trillions of dollars to bailing out the big banks,
the Federal Reserve and government officials have now made it clear that
the states will not receive the same treatment. In fact, the bailed
out players on Wall Street, who have taken our tax dollars and given
themselves all-time record-breaking bonuses, are looking to cash in on
the suffering of states across the country. As Lynn Parramore recently put it:

Crank Up the Casino! Hedge Funds to Short American States and Cities

“The looming possibility of municipal defaults, which some say could
total hundreds of billions of dollars, is causing grave concern. Hedge
funds are also deeply concerned about America’s municipal debt crisis.
They worry about how to best profit from it.

The Wizards of Wall Street have looked over the catastrophe of
cash-strapped America and found it good for business. In their corporate
laboratories, they are working furiously to whip up wondrous new
financial products that will allow them to reap millions from misery.
You might think that after plunging the country into said Recession with
their fancy financial products, these Wizards might feel a little
indelicate about gearing up for a game of shorting a community near you.
Clearly you don’t know Wall Street. The Financial Times reports that
once-boring muni bonds are suddenly sexy.”

Speaking of reaping millions from misery, the food stamp racket pays
off just as well as the war racket. The economic parasites profit off of food stamps:

Food Stamps: JPMorgan & Banking Industry Profit From Misery

“JPMorgan’s division that makes food stamp debit cards made $5.47
billion in net revenue in 2010. As the head of this division,
Christopher Paton, says, ‘This business is a very important business to
JPMorgan in terms of its size and scale.’ According to the company’s
most recent quarterly filing with the SEC, the Treasury & Securities
Services segment, which is the division that includes the food stamp
business, was up 2% in the last three months of last quarter and brought
in $5.47 billion in net revenue for most of 2010.”

Republicans and Democrats, along with their Wall Street masters, are
so arrogant, deluded with wealth, completely lacking perspective,
shortsighted and, quite frankly, ignorant.

As the economic top one-tenth of one percent has more wealth than
they have ever had, the middle class is quickly disappearing and poverty
is soaring. As politicians ignore the needs of the suffering masses in
favor of a Kleptocratic Oligarchy, which operates above the law, it is
only a matter of time before an uprising takes hold.

After analyzing societal and economic indicators within the US, in
comparison to rebelling countries, it is not a matter of whether people
will revolt or not, it’s a matter of when.

There are two significant differences between the United States and other rebelling nations:

1) The US has a much more powerful, sophisticated and
omnipresent propaganda media system to keep the populace suppressed –
isolated and confused.

2) The US keeps 52 million people temporarily pacified in anti-poverty programs by giving them food stamps, unemployment benefits or other forms of life-sustaining government assistance.

Both of these differences are temporary, and not in any way
sustainable. The safety nets here are unraveling and cuts in vital
social services will be implemented just as millions more will need
them. At the same time, food stamps and other forms of limited
government assistance will be worth less and less as food and gas prices
continue to rise.

Rising commodity prices will push the 239 million
Americans currently living paycheck to paycheck over the edge. Also
factor in healthcare costs, which have been skyrocketing even faster.
On a personal level, my health insurance provider just notified me that
my family has to pay 45% more for coverage – and we already had the
world’s most expensive healthcare system. For my wife, one child and
myself, we will now have to pay over $1100 per month for a basic health
insurance plan.

There are currently 59 million Americans who don’t even have healthcare insurance. The health system has become vintage Grapes of Wrath, as have most aspects of the centrally planned system of economic despotism that we live under.

Add all of these factors together and you have a recipe for
revolution. The mainstream propaganda news outlets and “Reality” TV soma
will only keep people at bay for so long. The propaganda system
collapses when people can’t afford to eat. Americans may be late to the
party, but once one city revolts, the dominos will fall and a wave of
protest will sweep through the country like a tsunami.

The only questions are: when will it happen, and how it will begin?

VII :: “Hungry People Don’t Stay Hungry For Long”

Join The MovementFood
prices have been a leading indicator for rebellion thus far. Given the
Federal Reserve’s commitment to driving food prices higher, as a matter
of policy, and the government’s commitment to cutting assistance
programs, people lining up at Wal-Mart on the last day of the month,
waiting for the clock to strike midnight so they can buy their family
milk and bread on their food stamp debit card, seem to be the most
likely to rebel first.

As food prices increase, food stamps are obviously going to buy you
less food. On top of that, as food prices escalate, millions more will
need food assistance, right at the point when the current safety net can
least afford it.

Let’s analyze the most recent food stamp data to see how America’s inevitable revolution may begin.

With 43.6 million Americans currently relying on food stamps, there
are 13 states with over a million people already on food stamps:

· Texas 3,925,119 (number of people on food stamps) — 15.6% (of state population)
· California 3,521,881 — 9.5%
· Florida 2,994,413 — 15.9%
· New York 2,934,493 — 15.1%
· Michigan 1,920,330 – 19.4%
· Ohio 1,772,608 — 15.4%
· Georgia 1,732,865 — 17.9%
· Illinois 1,732,169 — 13.5%
· Pennsylvania 1,673,714 — 13.2%
· North Carolina 1,531,255 — 16.1%
· Tennessee 1,264,407 — 19.9%
· Arizona 1,050,181 — 16.4%
· Washington 1,019,791 — 15.2%

States with over 18% of the population on food stamps:

· Mississippi 612,889 — 20.7%
· Tennessee 1,264,407 — 19.9%
· Oregon 749,498 — 19.6%
· Michigan 1,920,330 — 19.4%
· New Mexico 399,454 — 19.4%
· Louisiana 866,905 — 19.1%
· West Virginia 345,683 — 18.7%
· Kentucky 813,041 — 18.7%
· Maine 241,117 — 18.2%
· South Carolina 839,109 — 18.1%
· Alabama 863,606 — 18.1%

In our nation’s capital, the District of Columbia, there are 131,611
people on food stamps, which is a stunning 21.9% of the population.

As mentioned before, cities with a poverty rate over 25% – Detroit
36%, Cleveland 35%, Buffalo 29%, Milwaukee 28%, St. Louis 27%, Miami
27%, Memphis 26%, Cincinnati 26% and Philadelphia 25% – are also highly
vulnerable to revolt.

VIII :: The Empire State Rebellion

Given all the data, due to New York’s geographical lay out,
population size and proximity to power, it is a prime candidate for
insurrection. There are currently 2.9 million people living in New York
that are on food stamps, which is equivalent to the entire population
of Manhattan. Just imagine three million people flooding into lower
Manhattan. Imagine if three million people decided to take a 15-30
minute subway ride down to the Financial District and camped out from
Wall Street to the NY Fed, spilling over to the corporate offices of JP
Morgan, Goldman Sachs, Citigroup, Wells Fargo, Morgan Stanley and Bank
of America.

Join The MovementPerhaps
the one million people on food stamps from New Jersey and Connecticut
will make a short trip into lower Manhattan as well, four million strong
shutting down lower Manhattan, the economic capital of the world.

How would that play out in the global media?

One million people gathering in Cairo, Egypt sent shock waves
throughout the world, and rightfully so, but just wait until millions of
Americans begin flooding the streets. The revolution contagion will
spread throughout the world like a category five hurricane.

“The civilization may still seem brilliant because it possesses an outward front,
the work of a long past, but is in reality an edifice crumbling to ruin
and destined to fall in at the first storm.”
– Gustave Le Bon, The Crowd: A Study of the Popular Mind

IX :: The Battle in Madison: A Sign of Things to Come

While bloated federal and state spending has grown to staggering
levels of debt, and demands immediate attention, any cut in spending or
attempts to reduce the deficit must first come at the expense of the
organized criminal class that has looted the national economy. Any cuts
that happen before that need to be understood as an escalation and
extension of the attacks on the American people.

While continuing their attacks on American small businesses and
private-sector workers, the global financial elite are now stepping up
their attacks on public workers. In this context, the Wisconsin state
government attacks against the state teachers’ union doesn’t have
anything to do with the old Democrat Vs. Republican divide and conquer
debates of the past. This is about people fighting back against their
economic oppressors. In Egypt, Mubarak was the Neo-Liberal
Aristocracy’s local enforcer. In Wisconsin, Scott Walker is the
Neo-Liberal Aristocracy’s local enforcer.

This battle in Madison, Wisconsin, between the American people and
the global financial elite, represents the opening salvo, the awakening
of an American resistance movement and a sign of what’s to come.

Join The Movement

In a report entitled, “Wisconsin governor threatens to call National
Guard on state workers,” Andre Damon explains the situation:

“Scott Walker, the governor of Wisconsin, announced an
assault against state…. Walker’s proposal, which he said would quickly
pass in the state legislature, drastically limits collective bargaining,
removing the right of unions to negotiate pensions, retirement and
benefits….

When asked by a reporter what will happen if workers resist, Walker
replied that he would call out the National Guard. He said that the
National Guard is ‘prepared … for whatever the governor, their
commander-in-chief, might call for … I am fully prepared for whatever
may happen.’

Walker’s proposal allows state authorities to arbitrarily fire
workers who ‘participate in an organized action to stop or slow work,’
or who ‘are absent for three days without approval of the employer,’
according to the governor’s press release.”

Democracy Now pointed out:

“… the governor’s actions could have national
ramifications: ‘If Governor Walker pulls this off… if he takes down one
of the strongest and most effective teachers’ unions, WEAC, in the
country, then we really are going to see this sweep across the United
States.’”

As a recent Washington Post report summed it up:

Workers toppled a dictator in Egypt, but might be silenced in Wisconsin

“In Egypt, workers are having a revolutionary February. In the United
States, by contrast, February is shaping up as the cruelest month
workers have known in decades.

Join The MovementThe
coup de grace that toppled Hosni Mubarak came after tens of thousands
of Egyptian workers went on strike beginning last Tuesday. By Friday,
when Egypt’s military leaders apparently decided that unrest had reached
the point where Mubarak had to go, the Egyptians who operate the Suez
Canal and their fellow workers in steel, textile and bottling factories;
in hospitals, museums and schools; and those who drive buses and trains
had left their jobs to protest their conditions of employment and
governance. As Jim Hoagland noted in The Post, Egypt was barreling down
the path that Poland, East Germany and the Philippines had taken, the
path where workers join student protesters in the streets and jointly
sweep away an authoritarian regime.

But even as workers were helping topple the regime in Cairo, one
state government in particular was moving to topple workers’
organizations here in the United States…. Scott Walker, Wisconsin’s new
Republican governor, proposed taking away most collective bargaining
rights of public employees. Under his legislation… the unions
representing teachers, sanitation workers, doctors and nurses at public
hospitals, and a host of other public employees, would lose the right to
bargain over health coverage, pensions and other benefits. (To make his
proposal more politically palatable, the governor exempted from his hit
list the unions representing firefighters and police.)….

[Those who] often profess admiration for foreign workers’ bravery in
protesting and undermining authoritarian regimes. Letting workers
exercise their rights at home, however, threatens to undermine some of
our own regimes, and shouldn’t be permitted. Now that Wisconsin’s
governor has given the Guard its marching orders, we can discern a new
pattern of global repressive solidarity emerging – from the chastened
pharaoh of the Middle East to the cheesehead pharaoh of the Middle
West.”

Part Two :: The Most Repressive Regime: US Police State

X :: Torture: Made in the USA

It is extremely hypocritical when well-paid mainstream “news” people
talk about how repressive and barbaric the Mubarak regime is in Egypt.
Once again, I doubt they’ve been to inner city America recently.

If you want to report on Egypt participating in torture, it is vital
to point out where they were getting their weapons, training and funding
from. Who paid them to commit horrific crimes against humanity? Look
in the mirror US taxpayers; you may not like what you see.

WikiLeaks revealed information on a US-Egyptian torture program:

WikiLeaks Docs: Torture-Linked Egyptian Police Trained in U.S.

“Newly released classified U.S. diplomatic cables from WikiLeaks have
shed more light on the key U.S. support for human rights abuses under
Mubarak’s regime in Egypt. The cables show Egyptian secret police
received training at the FBI’s facility in Quantico, Virginia, even as
U.S. diplomats in Egypt sent dispatches alleging extensive abuse under
their watch.

Coincidentally, Quantico also hosts the military base where alleged
WikiLeaks whistleblower U.S. Army Private Bradley Manning is being held
in solitary confinement.

A cable from October 2009 cites allegations from ‘credible’ sources
that some prisoners were tortured ‘with electric shocks and sleep
deprivation to reduce them to a ‘zombie state.’ One cable from November
2007 shows then-FBI deputy director John Pistole praised the head of
Egypt’s secret police for ‘excellent and strong’ cooperation between the
two agencies. Pistole currently heads the Transportation Security
Administration in the United States.”

America the beautiful… The Transportation Security Administration,
from electric shocks, sleep deprivation and zombie states in Egypt, to
cancer causing, civil liberty-destroying Naked Scanners at an airport
near you.

XI :: American Gulag: World’s Largest Prison Complex

If you want to report on Egypt putting their citizens in prison,
again, the hypocrisy is astonishing. The US, by far, has more of its
citizens in prison than any other nation on earth. China, with a billion
citizens, doesn’t imprison as many people as the US, with only 309
million American citizens. The US per capita statistics are 700 per 100,000
citizens. In comparison, China has 110 per 100,000. In the Middle East,
the repressive regime in Saudi Arabia imprisons 45 per 100,000. US per
capita levels are equivalent to the darkest days of the Soviet Gulag.

The majority of prisoners are locked up for non-violent crimes, with
tens of thousands in Supermax cells. In addition to the heinous torture
programs that the US government has carried out in Abu Ghraib, Bagram
and Gitmo, we have our own solitary confinement torture programs for
Americans in Supermax Units throughout the country. As Jim Ridgeway
from Solitary Watch explains:

“Solitary confinement has grown dramatically in the past
two decades. Today, at least 25,000 prisoners are being held in
long-term lockdown in the nation’s ‘supermax’ facilities; some 50,000 to
80,000 more are held in isolation in ‘administrative segregation’ or
‘special housing’ units at other facilities. In other words, on any
given day, as many as 100,000 people are living in solitary confinement
in America’s prisons. This widespread practice has received scant media
attention, and has yet to find a place in the public discourse or on
political platforms.”

The US prison industry is thriving and expecting major growth over
the next few years. A report from the Hartford Advocate titled “Incarceration Nation
revealed, “A new prison opens every week somewhere in America.” If you
want to report on the brutal suppression of citizens, consider that
somewhere in America, every week, a new prison is being built to
literally “house the poor.”

A Boston Globe article by James Carroll shined a light on our repressive regime:

“… as federal corrections budgets increased by $19
billion, money for housing was cut by $17 billion, ‘effectively making
the construction of prisons the nation’s main housing program for the
poor.’ State budgets took their cues from Washington in a new but
unspoken national consensus: poverty itself was criminalized. Although
‘law and order’ was taken to be a Republican mantra, this phenomenon was
fully bipartisan.”

Again, just because you don’t hear this reported on TV, doesn’t mean it’s not happening.

XII :: Loss of Civil Liberties

In addition to the record-breaking imprisonment of the American
population, since 9/11 our civil liberties have been violated in
unprecedented fashion. Tom Burghardt, in an article entitled, “American
Police State: FBI Abuses Reveals Contempt for Political Rights, Civil
Liberties,” summed up a new report
from the Electronic Frontier Foundation “documenting the lawless,
constitutional-free zone under construction in America for nearly a
decade:”

“As mass revolt spreads across Egypt and the Middle East
and citizens there demand jobs, civil liberties and an end to police
state abuses from repressive, U.S.-backed torture regimes, the Obama
administration and their congressional allies aim to expand one right
here at home.

Last week, the Electronic Frontier Foundation (EFF) released an
explosive new report documenting the lawless, constitutional-free zone
under construction in America for nearly a decade. That report,
‘Patterns of Misconduct: FBI Intelligence Violations from 2001-2008,’
reveals that the domestic political intelligence apparat spearheaded by
the Federal Bureau of Investigation, continues to systematically violate
the rights of American citizens and legal residents….

According to EFF, more than 2,500 documents obtained under the Freedom of Information Act revealed that:

* From 2001 to 2008, the FBI reported to the IOB approximately 800
violations of laws, Executive Orders, or other regulations governing
intelligence investigations, although this number likely significantly
under-represents the number of violations that actually occurred.

* From 2001 to 2008, the FBI investigated, at minimum, 7000 potential
violations of laws, Executive Orders, or other regulations governing
intelligence investigations.

* Based on the proportion of violations reported to the IOB and the
FBI’s own statements regarding the number of NSL [National Security
Letter] violations that occurred, the actual number of violations that
may have occurred from 2001 to 2008 could approach 40,000 possible
violations of law, Executive Order, or other regulations governing
intelligence investigations.

But FBI lawbreaking didn’t stop there. Citing internal documents, EFF
revealed that the Bureau also ‘engaged in a number of flagrant legal
violations’ that included, ‘submitting false or inaccurate declarations
to courts,’ ‘using improper evidence to obtain federal grand jury
subpoenas’ and ‘accessing password protected documents without a
warrant.’

In other words, in order to illegally spy on Americans and haul
political dissidents before Star Chamber-style grand juries, the FBI
routinely committed perjury and did so with absolute impunity.

Reviewing the more than 2,500 documents EFF analysts averred that
they had ‘uncovered alarming trends in the Bureau’s intelligence
investigation practices’ and that the ‘documents suggest the FBI’s
intelligence investigations have compromised the civil liberties of
American citizens far more frequently, and to a greater extent, than was
previously assumed.’”

XIII :: Internet Crackdown

















When the Egyptian regime shut down the Internet, they did so by using
American made technology. Having been knocked offline here at
AmpedStatus.com, we have firsthand experience in what it feels like to
have your ability to communicate and First Amendment rights stripped
away. We still don’t know who was behind the attacks on our website,
but the situation in Egypt was an interesting case study. As it turned
out, Obama’s new Chief of Staff, Bill Daley’s company provided the
technology used to shut down the Internet in Egypt. No, I’m not
referring to JP Morgan, it was the other company Bill Daley was a board
member of up until last month, Boeing.

As media reform organization Free Press revealed:

“The Mubarak regime shut down Internet and cell phone
communications before launching a violent crackdown against political
protesters.

Free Press has discovered that an American company — Boeing-owned
Narus of Sunnyvale, CA — had sold Egypt [Telecom Egypt, the state-run
Internet service provider] ‘Deep Packet Inspection’ (DPI) equipment that
can be used to help the regime track, target and crush political
dissent over the Internet and mobile phones. Narus is selling this
spying technology to other regimes with deplorable human rights records.

The power to control the Internet and the resulting harm to democracy
are so disturbing that the threshold for using DPI must be very high.
That’s why, before DPI becomes more widely used around the world and at
home, the U.S. government must establish clear and legitimate criteria
for preventing the use of such surveillance and control technology.”

It is probably just be an odd coincidence, but it was soon after we published the following report that we were knocked offline:

Obama Renews Commitment to Complete Destruction of the Middle Class – Meet the New Economic Death Squad

Join The Movement“….
Boeing certainly does love Wall Street. For those of you out of the
loop, you may not recall that the most powerful and destructive WMD that
Boeing executives ever helped develop was the CDO, that’s a
Collateralized Debt (Damage) Obligation. Do you remember Edward Liddy?
Liddy and Bill Daley were both Boeing board members, before Liddy
temporarily moved to Goldman Sachs where he oversaw their Audit
Committee. Liddy was the person who had the most knowledge of Goldman’s
CDO exposure insured through, what was that company’s name?… Oh, AIG.
Yeah, that was it. Then, Hank ‘Pentagon-Watergate-Goldman’ Paulson
unilaterally made Liddy the CEO of AIG, before teaming up with Tim
‘Kissinger-Rubin-Summers-IMF’ Geithner to flush $183 billion tax dollars
down the ‘too big to fail’ drain. And then… after the government was
finished pumping our tax dollars to financial terrorists through the AIG
SPV, Liddy scurried back to the board of Boeing where he could have
cocktails with his ole pal Billy-Boy Daley. Yep, Goldman, JP Morgan,
Boeing and the destruction of the US economy, birds of a feather…”

Within an hour of publishing that report, our site was knocked offline.

Something that has become very clear to me: when you accurately
criticize the most powerful people, most people will ignore you, except
the people who have the most power. They notice right away, and they
let you know about it.

As I said, this is all probably just a coincidence.

However, this tangled web of interests between the Pentagon, Wall
Street and the White House is fully exposed, yet again, with Obama’s
special envoy to Egypt, Frank Wisner Jr.

Wisner has just as many conflicts of interest as Bill Daley and
Edward Liddy. Some reports have mentioned that Wisner was biased
toward supporting the Mubarak regime because he is a longtime friend of
Mubarak, and worked for a law firm that represented the regime, Patton
Boggs. But that’s only part of the story. Wisner, like Bill Daley, is a
Council on Foreign Relations member. He is the son of legendary CIA propaganda expert Frank Wisner Sr., who created and ran Operation Mockingbird.
For those of you who haven’t heard of Frank Wisner Sr., he used to
report on “his ‘mighty Wurlitzer,’ on which he could play any propaganda
tune.”

Frank Jr. was also a board member of Enron, up until its collapse, and like Edward Liddy, he also worked for AIG, from 1997 until 2009.
Wisner oversaw two of the greatest corporate catastrophes in American
history, back to back. Given his track record, Barack “mighty
Wurlitzer” Obama must have thought he was the perfect guy for a
collapsing corporate puppet regime in Egypt. Wisner is a disaster
capitalism expert, right up there with Edward Liddy and Chief of Staff
Bill Daley. Birds of a feather…

XIV :: Silencing Dissent

The recent internal emails from cyber-security firm HB Gary, released
by WikiLeaks, exposing online campaigns to crackdown on critical
journalists, reveals some of the other common methods used by the
financial elite, like the Chamber of Commerce and Bank of America, to
target and silence political adversaries.

As one of the targets of the revealed campaign, Brad Friedman reported:

US Chamber of Commerce Thugs Used ‘Terror Tools’ for
Disinfo Scheme Targeting Me, My Family, Other Progressive U.S. Citizens,
Groups

“The US Chamber of Commerce, the most powerful Rightwing lobbying
group in the country, was revealed to have been working with their law
firm and a number of private cyber security and intelligence firms to
target progressive organizations, journalists and citizens who they felt
were in opposition to their political activism, tactics and points of
view.”

Glenn Greenwald, a journalist who was a constitutional law and civil
rights litigator, was also a target of these planned attacks. In a report on the campaign to smear and discredit him, he focused on how common these illegal attacks are:

The leaked campaign to attack WikiLeaks and its supporters

“The real issue highlighted by this episode is just how lawless and
unrestrained the unified axis of government and corporate power is. As
creepy and odious as this is, there’s nothing unusual about these kinds
of smear campaigns. The only unusual aspect here is that we happened to
learn about it this time because of Anonymous’ hacking. That a similar
scheme was quickly discovered by ThinkProgress demonstrates how common
this behavior is. The very idea of trying to threaten the careers of
journalists and activists to punish and deter their advocacy is
self-evidently pernicious; that it’s being so freely and casually
proposed to groups as powerful as the Bank of America, the Chamber of
Commerce, and the DOJ-recommended Hunton & Williams demonstrates how
common this is. “

Greenwald later added:

“Given the players involved and the facts that continue
to emerge — this story is far too significant to allow to die due to
lack of attention…. As the episode… demonstrates, simply relying on the
voluntary statements of the corporations involved ensures that the
actual facts will remain concealed if not actively distorted…. Entities
of this type routinely engage in conduct like this with impunity, and
the serendipity that led to their exposure in this case should be seized
to impose some accountability… that these firms felt so free to propose
these schemes in writing and, at least from what is known, not a single
person raised any objection at all — underscores how common this
behavior is.”

Dylan Ratigan recently interviewed Glenn Greenwald and they summed up the situation, here’s a brief excerpt:

DYLAN: Am I correct in understanding that substantial,
legitimate, serious, powerful private security firms were pitching Bank
of America and the Chamber of Commerce a campaign for which they would
be paid money, in which they would assassinate the reputations and
intimidate and threaten the well-being of targeted private individuals.
Is that true?

GLENN: Yes, the journalists, activists, political groups, and the like.

DYLAN: Whoever it may be. And that the law firm that brought these
private security firms in was recommended by the U.S. Department of
Justice. So it’s on a recommendation from the DOJ that private and
substantial security firms are being brought in to pitch smear and
intimidation campaigns against those who support transparency in
information. Fair?

GLENN: Yes, exactly….

DYLAN: … they were saying, ‘You pay me money and those who are
validating the efforts of WikiLeaks or the efforts of transparency,
period, in the modern information world, we will threaten their careers
such that they’ll give up the cause, if you pay us.’

GLENN: Right. ‘We’ll investigate them. We’ll find out dirt on them.
We will destroy their reputation using all kinds of schemes and
techniques.’

DYLAN: And this came out through another leak which is the ironic twist…

GLENN: Well, one ironic twist is that it came out through a leak and
the other ironic twist is that these are internet security firms that
held their expertise in providing internet security and yet their e-mail
system was hacked.

XV :: Protected By Anonymous

Propaganda doesn’t work as well when you have the Internet, a
cyberspace Underground Railroad, a form of mass communication that
allows citizens to interact without corporate gatekeepers effectively
censoring critical thought. All of these attacks show the desperation
of the ruling class, in attempting to maintain an obsolete propaganda
system. Just look at how common and accepted unlawful practices have
become in pursuit of their goals.

Join The MovementIt
is a strategic imperative that we protect Internet freedom from the
forces of media concentration and censorship. Organizations such as
WikiLeaks and Anonymous are playing a critical role in exposing
information and protecting those who are critical of the most powerful
and corrupt elements within society.

Part 3: Bring the Tyrants Down

Henry David Thoreau, On the Duty of Civil Disobedience:

“All people recognize the right of revolution; that is,
the right to refuse allegiance to, and to resist, the government, when
its tyranny or its inefficiency is great and unendurable. And oppression
and robbery are organized, I say; let us not have such a machine any
longer. I think that it is not too soon for honest people to rebel and
revolutionize.”

XVI :: The Denial of Wealth

As I wrote in The Economic Elite Vs. The People:

“When you take the time to research and analyze the
wealth that has gone to the economic top one percent, you begin to
realize just how much we have been robbed. Trillions upon trillions of
dollars that could make the lives of all hard-working Americans much
easier have been strategically funneled into the coffers of the Economic
Elite. The denial of wealth is the key to the Economic Elite’s power.
An entire generation of massive wealth creation has been strategically
withheld from 99% of the US population.”

In a new report entitled, “Nine Pictures of the Extreme Income/Wealth Gap,” Dave Johnson helps make the point:

“Many people don’t understand our country’s problem of
concentration of income and wealth because they don’t see it. People
just don’t understand how much wealth there is at the top now. The
wealth at the top is so extreme that it is beyond most people’s ability
to comprehend. If people understood just how concentrated wealth has
become in our country and the effect it has on our politics, our
democracy and our people, they would demand our politicians do something
about it….

Top 1% owns more than 90% of us combined….

400 people have as much wealth as half of our population.”

XVII :: Economic Death Squad

A report entitled, “Grapes of Wrath – 2011,” presents a challenge to us:

“The American people have a choice…. The current path,
forged by a minority of privileged wealthy elite, will lead to the
destruction of this country and misery on an unprecedented scale…. Are
you prepared to incur the wrath of the vested interests and meet their
lies and propaganda with the fury of your own wrath in search for the
truth? These men are sure you don’t have the courage, fortitude and
wrath to defeat them.”

In an article and video entitled, “The Wall Street Economic Death Squad,” as I reported back in October, 2009:

“We need to focus our strategy on the small group of men
who carried out the financial coup. These 13 men played leading roles in
first crashing the economy, and then stealing trillions in taxpayer
funds. Some of them are now calling the shots and running the government
to insure that their obscene profits keep pouring into their coffers.

Know Our Enemies, EHMs – Meet The Wall Street Economic Death Squad:

Hank Paulson, Tim Geithner, Ben Bernanke, Robert Rubin, Larry
Summers, Alan Greenspan, Lloyd Blankfein, Jamie Dimon, John Mack, Vikram
Pandit, John Thain, Hank Greenberg, Ken Lewis.

These men ‘presided over the largest transfer of wealth in history,
from the working class to the flamboyant super rich.’ What these men
have done is obscene. After crashing the economy, trillions, literally
trillions of dollars have been funneled into the pockets of a select
few, in secrecy, while billions of people suffer in poverty, billions
suffer to survive. This small tight-knit Wall Street cadre has committed
a crime against humanity.”

Ralph J. Dolan, writing on Dissident Voice, declares, “Bring the Tyrants Down!”

“… while we’re observing these historic events in Egypt
we might take a lesson in justice. We might come to our senses and
freeze the assets of Lloyd Blankfein of Goldman Sachs, Vikram Pandit of
Citigroup, Brian Moynihan of Bank of America, Jamie Dimon of J.P.
Morgan Chase and John Strumpf of Wells Fargo – for starters. Then we
could go after the other major players in orchestrating the financial
meltdown – Timothy Geithner, Henry Paulson, Ben Bernanke, Lawrence
Summers, Robert Rubin, Alan Greenspan, etc.

These guys who waltz away with billions in profits while they create
misery and dislocation for many millions of struggling working people
are beneath contempt….

We seem ready to kneel at the feet and kiss the hands of those who would rob us blind.

Enough! Let us bring these tyrants down!”

If Egyptians can seize the assets of a dictator like Mubarak, why can’t we seize the assets of Jamie Dimon and Llyod Blankfein?

A new report from Matt Taibbi in Rolling Stone harshly sums up Banana Republic USA:

“A former Senate investigator laughed as he polished off
his beer. ‘Everything’s fucked up, and nobody goes to jail,’ he said.
‘That’s your whole story right there. Hell, you don’t even have to write
the rest of it. Just write that.’ I put down my notebook. ‘Just that?’
‘That’s right,’ he said. ‘Everything’s fucked up, and nobody goes to
jail. You can end the piece right there.’

Not a single executive who ran the companies that cooked up and
cashed in on the phony financial boom — an industrywide scam that
involved the mass sale of mismarked, fraudulent mortgage-backed
securities — has ever been convicted. Their names by now are familiar to
even the most casual Middle American news consumer: companies like AIG,
Goldman Sachs, Lehman Brothers, JP Morgan Chase, Bank of America and
Morgan Stanley. Most of these firms were directly involved in elaborate
fraud and theft.”

Once again, veteran financial journalist Paul B. Farrell hits the
nail on the head. Writing for Market Watch, Farrell doesn’t pull any
punches in summing up what needs to be done, and it can’t be said enough:

Fed Dictator Bernanke Needs To Be Toppled

Join The Movement“Fed
boss Ben Bernanke is the most dangerous human on earth, far more
dangerous than Hosni Mubarak, Egypt’s 30-year dictator, ever was.
Bernanke rules a monetary dictatorship… But this reign of economic
terror will end. Just as Mubarak was blind to the economic needs of the
masses and democratic reforms, Bernanke is blind to the easy-money
legacy that’s set the stage for revolution, turning the rich into super
rich while the middle class stagnates and peanuts trickle down to the
poor.”

You can’t sentence the overwhelming majority of the population to
slow death through economic policy and expect to get away with it.

While one-tenth of one percent of the population rolls
around in obscene wealth, they may want to take a look outside of their
groupthink short-sighted delusional perspective and notice the outside
world. You cannot ignore the suffering of the masses. They will show up
at your doorstep next.

I hear footsteps…

XVIII :: 99.9% Vs. 0.1%

Egypt exposed the power that the people have. One million Egyptians
proved that you can shut down a powerful regime through a mass
demonstration of non-violent force. Here in the US, according to public
opinion polls, 75-80% of the population believes the government doesn’t
have the consent of the governed.

The mainstream media leaves Americans feeling isolated and powerless
to create change, but in reality, average Americans have all the power
that they need to end the economic suffering and injustices that they
endure. The overwhelming majority of people feel powerless to create
change, if they would just realize that they are the overwhelming
majority, we would have the change we so desperately need.

As I’ve written in the past:

“To those Americans who feel powerless to change things, I
say that your feelings are only a result of your induced delusion. You
have become so propagandized that you do not even understand the
significant position that you are in…. We are still a mass of people who
have the power to change the course of history…. we are 99.9% of the US
population, and they are only 0.1%.

If we fight, we win!”

The people of Tunisia and Egypt has shown us the way. People are
rising up throughout the world against the exact same people who looted
America. The economic central planners that have launched an economic
war on Americans, are also plundering the rest of the global economy
with devastating consequences for 99.9 percent of the global population.

As John Pilger points out:

The Egyptian Revolt Is Coming Home

“The uprising in Egypt is our theatre of the possible. It is what
people across the world have struggled for and their thought controllers
have feared…. Across the world, public awareness is rising and
bypassing them. In Washington and London, the regimes are fragile and
barely democratic. Having long burned down societies abroad, they are
now doing something similar at home, with lies and without a mandate. To
their victims, the resistance in Cairo’s Liberation Square must seem an
inspiration.”

We are, as fate has it, the most power group of people on the planet.
The sooner a critical mass can understand this, and the urgency of the
moment, the better chance we have of solving this crisis through
non-violent means. When the aware but passive realize that they too will
face increasingly harsh consequences, that’s when we will have a chance
to fix things. Until then, the hole gets deeper by the day.

As nations continue to fall to internal revolt, the more covert and
militaristic elements of power will move to the fore. In a world of
collapsing economies, limited resources and extreme weather, it appears
we are on a road to worldwide war.
As the people of Egypt have demonstrated, the non-violent movement has
to assert itself before the situation gets so dire that outbreaks of
violence will be commonplace, thus insuring a further, much harsher
crackdown, police state and Neo-Feudal economic order.

As Chris Hedges makes clear:

“The longer we believe in the fiction that we are
included in the corporate power structure, the more easily corporations
pillage the country without the threat of rebellion….

No system of total control, including corporate control, exhibits its
extreme forms at the beginning. These forms expand as they fail to
encounter resistance….

All centralized power, once restraints and regulations are abolished,
once it is no longer accountable to citizens, knows no limit to
internal and external plunder. The corporate state, which has
emasculated our government, is creating a new form of feudalism, a world
of masters and serfs.”

If we do not stand and rebel now, devastating consequences are sure
to drastically lower our living standards within the near future. If we
rise, people across the globe will continue to rise.

“We must conclude that a changeover is imminent and
ineluctable in the co-opted cast who serve the interests of domination,
and above all manage the protection of that domination. In such an
affair, innovation will surely not be displayed [in the mainstream
media]. It appears instead like lightening, which we only know when it
strikes.”
– Guy DeBord

When revolution returns to America, the point won’t be to take down a
figure head puppet politician like Mubarak or Obama, mere public
relations moves will not suffice. We will take down the system behind
them. We will take down the global banks, break them up, end the
campaign finance racket, end closed-door lobbying, end the system of
political bribery, end the two-party oligarchy, remove puppet judges who
voted for unlimited spending by private economic elites, end corporate
welfare and the various financial rackets which loot national wealth at
the expense of the people.

“All countries are basically social arrangements,
accommodations to changing circumstances. No matter how permanent and
even sacred they may seem at any one time,
in fact they are all artificial and temporary.”
– Strobe Talbott

We must enact common sense polices to deter organized corruption.
The devil is always in the details, so rain RICO laws down upon them.

They shall reap what they sow.

Their day of reckoning is fast approaching.

Thomas Jefferson was correct when he said, “I believe that banking
institutions are more dangerous to our liberties than standing armies.”

As Jefferson rightfully declared, “Every generation needs a new revolution.”

Great ready… here it comes.

As a wise man once said,

“Rise like Lions after slumber
In unvanquishable number
Shake your chains
to earth like dew
Which in sleep
had fallen on you
Ye are many
they are few

 


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Sun, 02/27/2011 - 13:59 | Link to Comment sellstop
sellstop's picture

What a bunch of crap. To call the plunder of the third world the result of something you call "neo-liberalism". The plunder of the third world, and the dictators that the western world has installed and supported was the direct action taken under the conservative Reagan and both Bush administrations in this country and the Thatcherites in GB.

You will be sadly dissappointed when those revolutions install true democracys and socialist type wealth distribution. People are revolting against the inadequate distribution of wealth, and liberalism, as I know it is all for the re-distribution of wealth by re-installing a level playing field in business and government.

This is more of the far right strategy of calling the other side a name first, that you know would stick to you the most. The game is getting old, and the people are becoming wise to it.

I recommend to all readers the books by John Perkins, "Economic Hitman", and Naomi Klein, "Hoodwinked" for a historic review of the right wings'shenanigans, and the destructive side of the Chicago school of economics led by the Friedmanites...

gh

Sun, 02/27/2011 - 14:42 | Link to Comment Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Here you go, bro. A link to the definition of neo-liberal.

http://en.wikipedia.org/wiki/Neoliberalism

"I do not think it means what you think it means."

http://www.youtube.com/watch?v=D58LpHBnvsI

Sun, 02/27/2011 - 16:21 | Link to Comment SilverFiend
SilverFiend's picture

Typical lefty, rant about Bush before you understand

the definition of neo liberal so kindly posted

for you below.  The country will be in great shape

with you and your kind in charge of redistributing

the wealth in your socialist utopia.

Sun, 02/27/2011 - 14:15 | Link to Comment Deeth_Halleck
Deeth_Halleck's picture

I seriously hope to see mass protests in the streets. The lame-stream media will continue to feed poor Americans with sports, American Idol and other distractions.

 

Ron Paul 2012

www.libertyPAC.com

 

"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." ~Thomas Jefferson

 

 

Sun, 02/27/2011 - 18:13 | Link to Comment In Fed We Trust
In Fed We Trust's picture

Ron Paul 2012 Or Bust

 

Ron Paul 2012 Or Bust

 

Ron Paul 2012 Or Bust

Sun, 02/27/2011 - 18:14 | Link to Comment In Fed We Trust
In Fed We Trust's picture

Ron Paul 2012 Or Bust

 

Ron Paul 2012 Or Bust

 

Ron Paul 2012 Or Bust

Sun, 02/27/2011 - 18:15 | Link to Comment In Fed We Trust
In Fed We Trust's picture

Ron Paul 2012 Or Bust

 

Ron Paul 2012 Or Bust

 

Ron Paul 2012 Or Bust

Sun, 02/27/2011 - 18:15 | Link to Comment In Fed We Trust
In Fed We Trust's picture

Ron Paul 2012 Or Bust

 

Ron Paul 2012 Or Bust

 

Ron Paul 2012 Or Bust

Sun, 02/27/2011 - 14:21 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

Lynnybee,and Michael,are spot on.
Something pretty suspect of that jewish count.

Sun, 02/27/2011 - 14:26 | Link to Comment americanspirit
americanspirit's picture

I often wonder how people who sneer at others because they expect them to behave according to certain (their) standard understand that their sneering is doing the work of TPTB. Every time the sneer word 'sheeple' is used, our universal bondage is tightened. The "sheeple" sneer, by the way, reveals an underlying fear and powerlessness - just understand that, when and if you use it. Let's instead look for ways that the 99.9% of us who are in bondage together can do as this article says we can - throw off the chains. I suggest that we start with asking how the individual states can act toegther to throw off the yoke of the federal government while allowing it to constitutionally legitimate powers.

Sun, 02/27/2011 - 14:40 | Link to Comment ConfederateH
ConfederateH's picture

"While continuing their attacks on American small businesses and private-sector workers, the global financial elite are now stepping up their attacks on public workers."

A lefty will always try to claim that their union thugs are one and the same as the "bourgouise" that they so despise.  The middle class is being brutalized first and foremost my public unions who have owned the Democratic party for decades.  The started receiving their payoff in 2007 after Pelosi cranked up deficits to $400T,  but they hit the jackpot with Obama's $1.5T deficits.  Money well "invested" by the public unions.

Sun, 02/27/2011 - 15:03 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

I've been watching Inside Job, and it's disgusting. I already know most of what is presented, but when you see it all laid out in review, it's so clear that these bankers, regulators, lawyers, politicians and economists have no remorse and see nothing wrong with their actions in facilitating this. Why would they? THERE ARE NO CONSEQUENCES.

That's what we've created. All the same assholes are still in place and gearing us up for the next big disaster. The United Status Quo of America.

Sun, 02/27/2011 - 15:36 | Link to Comment sunnydays
sunnydays's picture

Most Excellent Article!

 

Thank you for writing about the truth of all.

Sun, 02/27/2011 - 16:38 | Link to Comment Hexus
Hexus's picture

C       I        A

Get it yet!?!?!?!?

You've all been played like a piano, accept it.

Sun, 02/27/2011 - 17:44 | Link to Comment captain_menace
captain_menace's picture

America = Jonestown

Just drink the kool-aid and shut the hell up already.

Sun, 02/27/2011 - 18:35 | Link to Comment Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Like in this Hollywood Lady Gaga music vid?

(If I'm linking correctly, then it should cut right to the diner poison scene)

http://www.youtube.com/watch?v=EVBsypHzF3U#at=350 (clean version)

http://www.youtube.com/watch?v=GQ95z6ywcBY#at=350 (explicit version)

"Once you kill a cow, you've gotta make burgers."

edit: It does link you to the right part, unless you get a commerical at random from Vevo. Just wait for the end and refresh or skip at to 5:50 by hand.

Sun, 02/27/2011 - 18:12 | Link to Comment In Fed We Trust
In Fed We Trust's picture

So I look into my crystal ball, and I see one Barack Obama getting assinated JFK/CIA style, simply put because the puppet has done his work and done it well, but one Joe Biden (Jew?) has the 30 year connection to Council on Foriegn Affairs and Tri-Lateral Commission. Who else to represent the Bilderbergs other than Joe?

My only question is how much time they give Obama to live? It really is a function of the crashing dollar, because after it is all over(crash2) his policies will be blamed even though this was already set in motion many years ago.

I say within a year. That way Joe can lead the new war, and win 2012 election on that front. That same bullshit terrorist story that Bush fed you in 2004.

Who else to lead the NWO other than Joe Biden. 

Sun, 02/27/2011 - 18:13 | Link to Comment Merovingian
Merovingian's picture

I don't buy the conspiracy theories.  People aren't smart enough to pull a global rip-off for the rich.  And why would they if the inevitable result is revolution?  The rich always get richer (or have the opportunity to get richer) because they have a wealth base to play from.  And capitalists are in business to make money, so people should not be surprised when they do.  Instead, it really boils down to incompetent people on a government level implementing policies that manipulate markets, then responding to the damage caused by those policies with further manipulations.  The IMF is just another institution that pretends nationalism does not or should not exist.  It is a creature of global socialism where rich countries pretend to help poor countries.  The same applies on a national level. Lets get rich states to help poor states.  This all stems from the misguided belief that we have some sort of social responsibility that goes beyond a safety net and extends to actual enrichment and development.  But nobody has ever been able to do that because we are basically not smart enough.  So we are left with market bubbles and economic disruptions as a result.  The consolidation of wealth is an unfortunate, but not necessarily intended, by-product.

Sun, 02/27/2011 - 18:31 | Link to Comment Guy Fawkes Mulder
Guy Fawkes Mulder's picture

This kid must be the idiot in the Merovingian family, who everyone wishes would stay away from them at family reunions and never gets invited to Bilderberg.

Sun, 02/27/2011 - 18:41 | Link to Comment Merovingian
Merovingian's picture

"bro"?  Lady Gaga?  Enough said.

Sun, 02/27/2011 - 18:52 | Link to Comment Hitman
Hitman's picture

I was at the rally in Madison yesterday and agree that this is the start of something big.

Disclosure: my wife is a public employee (2nd grade teacher) and one of those potentially impacted by the bill.  However, her job has zero security, no pension benefits, and we are not using her health plan.  This bill will have zero financial impact on us.  Presumably, we would benefit from the bill's passage as her job would be more secure and she would not be paying union dues.  I was at the rally because I have become increasingly of the opinion that this is something significant that goes far beyond what happens to a group of public employees in one state.

I was amazed by what I witnessed.  This was the 12th day of the protests and they had the largest crowd to date - estimated at more than 70,000.  I did some checking on the internet today and as far as I can determine this exceeds the largest tea party protest - except perhaps the 9/12/2009 Taxpayers March on Washington DC which appears to have had around 75,000 attendees.   As some estimates of the crowd in Madison yesterday were up to 100,000, it's possible that the crowd exceeded the largest of the tea party protests - on it's 12th day, in 25 degree weather with snow falling.  This blows away the motivation and anger that the Tea Party was able to generate.

I might also note that there was not a single reported arrest or a single missed day of work by a teacher on this particular day.

My sense is we are at a political tipping point.  The economic issues associated with the protests were removed a week ago when the unions agreed to the increases in costs to be paid for health and pension benefits.  From my conversations with other attendees at the rally, they were universally motivated by the attack on collective bargaining and what they view as a right that had been fought and sacrificed for by thousands of American workers.  I think this type of anger is far more powerful that the anger that was motivating many of the tea party activists.  This is the type of issue thatpeople have sacrificed their life for in the past.   This trumps the anger driving the tea party by an order of magnitude.   I think that as the longer this plays out, a fire of righteous anger will be lit among liberal voters, but more importantly, among many independent voters.

I think that the vast majority of Americans have sensed that there was something profoundly wrong with the direction of the country.  The Tea Party tapped into this but somehow was hijacked by the billionaires.  I think the cause of the public workers in Wisconsin (and elsewhere) and the efforts directed not at balancing the budget but at busting the unions, are something that will finally give a direction to the many independents who may have shared the Tea Party outrage, but sensed that the Tea Party was not quite their cup of tea either. (I would put myself in this boat).

My hope is that Walker continues to be stubborn and does not compromise, and also that conservatives continue to miss the significance of what is really occurring in Madison.  Unfortunately, I think the conservatives are too smart for this and will cut their losses in Madison, knowing that there are a dozen other battles to be fought.

If you have not attended one of these protests in person, you will probably not understand their impact on a personal level.  I had tears in my eyes.  This was the first time in my memory that I had a sense of Americans working together for a greater cause.  I think that a threshold is crossed when you participate for a greater good.

I should also note the extent to which the Koch brothers connection with Walker was on display on the protestors signs.  This is not going to play out well for the Tea Party in the next election.  My guess is that 75% of voters are aware of the connection between these billionaires and the Tea Party "revolution."  There are 1-1/2 years for all of the sordid details to be further spelled out.

Sun, 02/27/2011 - 20:51 | Link to Comment Hacksaw
Hacksaw's picture

and also that conservatives continue to miss the significance of what is really occurring in Madison. 

First don't allow yourself to fall into the trap of thinking it is between the unions and the "conservatives". I'm probably the most conservative, believe in self reliance, person on this board. I spent almost my whole adult life self employed, was a ring leader and the main reason the UAW local president in Tulsa, OK. was thrown out, and probably have more hours listening to Rush than anyone you know. I've never liked the idea of unions protecting the incompetent. That being said if the choice is between unions and the banksters/corporatist I'll side with the unions.

Those who are on this site and other sites screaming about the evil government workers are not conservatives. They are either really misinformed, a big lie, or CENTCOM false identities. If we can't get away from the left/right idea none of us will win. This has to be about the middle class against the kleptocrats. Try to stay focused on that message. Anything else will be co-opted by the politicians and won't solve anything. The unions aren't pure either, don't kid yourself, many union leaders are in bed with the corporations. This has to be about the people not some kleptocrat wanna be like Rand Paul and this Walker guy in WI. Here's a little story about Scott Walker.

http://www.guardian.co.uk/commentisfree/cifamerica/2011/feb/26/wisconsin...

Sun, 02/27/2011 - 22:05 | Link to Comment Pee Wee
Pee Wee's picture

Wait until government for corporations by corporations goes after free speech, the press, and guns.

I know of one western state legislature that has already sent a bill allowing all citizens to carry concealed weapons to the governor's desk for a signature.

Sun, 02/27/2011 - 23:20 | Link to Comment snowball777
snowball777's picture

The governor is autographing pistols?

Sun, 02/27/2011 - 22:24 | Link to Comment JR
JR's picture

This is just self-serving drivel – all this “It’s America’s great moment, our magic moment; everyone was there; it was one of the biggest turnouts of all times; teachers flying in from all the 50 for this great American Cause -- so we can GET MORE MONEY! SO WE CAN GET MORE BENEFITS!! SO WE CAN COLLECTIVE BARGAIN WITH OUR "REPRESENTATIVES" WITHOUT TAXPAYER INTERFERENCE!!!"

I say, if the teachers in Wisconsin get 75,000 + just 1 more, let’s give it all to them.  I mean, it was 25 degrees! out there with Ian’s Pizza barely able to handle all the thousands of orders for free pizzas, coming from around the world, for the starving... educators! 

This reminds me of the Mexican March in LA.  Give us more money!!  Give us more stuff!!

Give me a break.  It makes me want to throw up.

Sun, 02/27/2011 - 20:10 | Link to Comment Unlawful Justice
Unlawful Justice's picture

Very informative,  Thanks for sharing.

Sun, 02/27/2011 - 20:41 | Link to Comment suz
suz's picture

And meanwhile, in Rhode Island, the head superintendent has just sent out pink slips to all the teachers in the state requesting that they terminate their position.

And our children have no schools to go to in Rhode Island.

Talk about slaves.

We issue all these advances towards revolution, bungling our way, along, but to no avail?

Have we lost it--and we know not what we have lost.

Sun, 02/27/2011 - 22:30 | Link to Comment JR
JR's picture

"Our children have no schools to go to in Rhode Island?"

You forgot the end of the story; the teachers can reapply for their old jobs back, on new terms - if they're rehired.

But wait! This is their big moment…to go into private industry and get those really big benefits they deserve!!!…the high pay, the great healthcare benefits, the two-weeks’ vacation, the Solid Security pensions for retirement life that begins at 67 if you can afford to quit work…

Didn’t Rahm say, “Never waste a good crisis"?

Sun, 02/27/2011 - 23:24 | Link to Comment snowball777
snowball777's picture

Sounds like the governor will be having a word with that superintendent about why their tax returns have suddenly plummeted.

What does it take to move out of R.I. Plantations...5 minutes?

Sun, 02/27/2011 - 22:02 | Link to Comment Pee Wee
Pee Wee's picture

"These students weren’t expecting an economic crisis to occur, and, unlike the banks that lent them the money, they’re not getting a bailout."

Bankers are government sponsored terrorists.

Mission accomplished by design.

Sun, 02/27/2011 - 22:01 | Link to Comment Dexter Morgan
Dexter Morgan's picture

I read Atlas Shrugged and I am positive this article was bigger than the book.

Sun, 02/27/2011 - 22:25 | Link to Comment TruthHunter
TruthHunter's picture

It looks like the time is coming where anyone with a suit

in his closet will be under the gun...or guillotine when

the bullets run out.

Sun, 02/27/2011 - 22:55 | Link to Comment monger
monger's picture

There's other ways to get the criminal elite to pay attention than through a long, drawn out popular revolution-the age old but still popular art of terrorism.  when i was seeding a large property in my youth that was pestered by flying vermin, found out a few dead bodies of their kind laying around scared the crap out of many potential pillagers. i'll bet there are a few ex-special ops personnel that are financially aware in country that might just get pissed before the masses do. 

Sun, 02/27/2011 - 23:24 | Link to Comment MarcusAurelius
MarcusAurelius's picture

Funny how no one thought about revolting and taking from the rich when credit M3 was expanding? You'd almost think it was social mood? Hmmm.....

     The masses generally don't really care about all that rich crap and yep, even everyones favorite grandpa (Warren Buffet) during the good ol' days could do no wrong. However make life harder for them and starve them and all hell breaks loose. I would agree firmly that too much wealth is in the hands of the elite 1%. However it always has been. The creme of the crop do rise to the top and the capitalist system rewards them well. Perhpas incentives should be looked on as one of the culprits? I mean how much money does a man really need to be content? Millions? Billions? However that is how capitalism rewards him. Take for example Bill Gates....simply the right place at the right time with the right concept that the WHOLE world needed and paid for. Made him quite handsomly rich didn't it. Everyone wanted a piece of the action and Billy became a Billionarie.

    It is when M3 contracts and wealth begins to evaporate that in truth was never there wo begin with that the problem with Bill and his billions becomes more obvious. The bankers are the same. Their incentives for lending and creating money from thin air is too great to be ignored. I could ramble on about the expansion of money but I think most of you get it.....however it is when it is pulled away that we are hurt the most. This illusion that we thought was real was in truth very unreal. Bernanke is not a stupid man. He knows what will happen if M3 continues to contract and defaltion sets in whole heartedly. The uprisings that we've seen will only continue to get immeasurably worse from a society  very much addicted to cheap credit. In his exuberance to create inflation he is causing the very thing that he hoped to avoid. Making people poorer and more money ending up in the hands of the few that will use it as they see fit. It never ends up in the hands of the people that need it and this is the problem. When thier very lives depend on stable pricing and the have nothing left to lose. That is when all hell erupts.

   The challenge is to create a much better system than capitalism. A system that rewards true entrepreneurial spirit while making the world a much better place for all. I know it is eutopian but I do believe the answer may be found in the hard sciences and matter manipulation. Once we are able to rearrange the very molecules we find around us to produce a variety of products with no waste then we will not have a need for this outdated system any more. Or something like it.

     As Churchill said.....as bad as capitalism is.....it is still better than the rest". Very true.

Mon, 02/28/2011 - 00:25 | Link to Comment monger
monger's picture

fine theory, but who's got the time?

pain and destruction are happening and about to happen more soon.

do not the guilty deserve to pay their penalty?

article was fine, but freeze their assets?

yaah, that's gonna happen

Mon, 02/28/2011 - 02:08 | Link to Comment Monk
Monk's picture

The problem is that the middle class, which generally includes most people in First World countries, is dependent on the current arrangement, where they receive high wages and have access to easy credit while global banks and corporations dominate.

 

Mon, 02/28/2011 - 08:32 | Link to Comment Zina
Zina's picture

I'm surprised by the use of the expression "neo-liberal" in this article. It's very unusual to see Americans using this expression. In fact, I think most Americans don't know what "neo-liberal" means.

The expression "neo-liberal" is very used here in Brazil, as well as in the rest of Latin America, and in Portugal, Spain and France.

In the sense used in Latin America (and in this article), "neo-liberal" has nothing to do with the American use of the term "liberal". In Latin America (and France), the term neoliberalism refers to Margaret Thatcher's economic policy (not so different from "Reaganomics"), that was applied in Latin America in the 90's, with many privatizations, based on ideological "free-market fundamentalism".

Well... In fact, "neo-liberal" as used in Latin America (and in this article) is something closer to the "conservative" economic policy in the American point of view.

Mon, 02/28/2011 - 10:37 | Link to Comment Bob
Bob's picture

Thanks for the education.  From a mainstream American perspective, it makes no sense . . . which would explain its growing popularity in American discourse. 

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