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Guest Post: The Necessity Of Resisting Financial Tyranny
Submitted by Charles Hugh Smith from Of Two Minds
The Necessity Of Resisting Financial Tyrrany
It's time we defended liberty and democracy against financial tyranny: take your money out of Wall Street and the "too big to fail" banks, and stop funding their fraud, churn and subversion of democracy.
June 14th is a national day of resistance against economic tyranny. We all need to do our part. The good folks at AmpedStatus.org have hosted this site: Acts of Resistance: What Are You Going To Do On June 14th to Rebel Against Economic Tyranny? Demonstrations and public actions are being planned in a number of cities.
If you cannot attend the public events, then consider taking direct action against Wall Street and the "too big to fail" banks. Direct action boils down to this simple act: remove your money from their grasp. Your money fuels their exploitation, their fraud, their skimming, their lobbying and thus their sabotage of democracy. If we all take our money out of their grasp, then they will shrink or expire.
If you haven't already, move your IRA and other accounts out of Wall Street and "too big to fail" banks. Move the accounts to online firms, local credit unions or local banks. Yes, there are still locally owned and controlled banks. Moving your money to them is a direct-action statement against financial tyranny.
This can be painful. I had a 20-year business bond with my broker, and it was painful to pull the account away from him. But I explained why, and he understood; of course he understood.
Removing your shares and money is important because Wall Street and the TBTF banks use your money to churn profits for themselves. Your shares are sold short, your cash lent out on a daily basis, etc., and the proceeds are used to subvert democracy via lobbying and campaign donations, and to pay for the financial Elites' mansions and yachts and tax attorneys.
The TBTF banks reap enormous profits from credit card and debit card transactions. Using cash instead of paying them a slice of every transaction is another direct-action way to "starve the beast."
A critically important blow against financial tyranny is paying off all high-interest credit cards and other debt owed to Wall Street (margin debt) or the TBTF banks. You earn .01% on your cash, but the banks skim 18% on your credit card debt.
Although this isn't an option for most people, in the longer term, a very powerful direct action is paying off your mortgage and not getting another one. The same can be said of auto loans and student loans. The single most important direct action is to remove debt from their churn machine. Without any home mortgages to securitize, Wall Street can't spin off derivatives of that debt and book profits by packaging and selling it.
A debt-free society where citizens refuse to give their money to Wall Street is a society freed of the financial tyranny that has strangled the economy and democracy. We as a society have been brainwashed into believing debt benefits us; but that is a lie. Debt actually enslaves us in more ways than one: it enslaves us financially, and gives the Power Elites the means to enslave us politically.
Demonstrations are good, but direct action by millions of citizens is even better. Don't take on $100,000 of debt you cannot dismiss in bankruptcy to get a marginal college degree; find another path that includes financial freedom. Don't fall for the consumerist fantasy of "aspirational spending"--focus on self-expression and enterprise, not on buying a lot of crap with debt that only enriches Wall Street and the big banks.
Focus on paying off debt, even if it means sacrificing consumption.Paying off debt is a political action now, not just a financial act in favor of freedom. Paying off debt, removing your money from the greedy grasp of Wall Street and the TBTF banks-- these are blows for liberty and against the financial tyranny which is destroying the nation.
Yes, we still have a mortgage, but we are devoted to paying it down in advance. We have no auto loans, no student loans, no credit card debt, and we use cash at the grocery stores and farmer's markets. Every dime we each remove from Wall Street and the TBTF banks is a direct action against tyranny and a meaningful reinforcement of democracy and liberty.
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(Military members) Law enforcement personnel must decide which side of history they wish to be on, the side of liberty or the side of tyranny.
Would you fire upon you own countyman? If you do....you will be shot back at.
http://www.youtube.com/watch?v=coiTJbr9m04
talk is cheap!
You are what they call a "disinformation agent" and you are with "them". I've read your posts before. Continual subtle suggestions to "comply"and "accept." Fuck you and your boss's. You're probably a member of a certain "tribe" of leaches also. Keep spreading the lies.....I'll slam them every time.
+1
are you a Jew Ha8ter too?
what are you agreeing with? shine your brightness down upon me so that I may be free of the darkness!
I am a Jew and a what lies are you slamming of mine exactly?
cause all you did was run yer pretty lil mouth, son.
Yeee! Haaaw!!
All I see is you running your mouth all over the place on ZH. Most everything you say is pure BS, but you insist on spewing it out anyway.
Did I say Jews? Shit man, I think I was talking about Navaho's or maybe Cleveland Indian fans. You certainly put leaches and Jews together quickly, didn't you?
Just a question for you JW....have you ever done anything for this country? Did you serve? Volunteered for community issues? Helped a neighbor with their car? Gone out of your way to be a good person?????? Let me answer that for you.....NO! Your a selfish loudmouth. So keep up the good work on this site. I know that most people laugh at your rants. I personally think it's pathetic for someone to "act" like you. Been doing it your whole life so I guess the mold can't be broken.
Take your "son" back too. I've got you beat there also. Old enough to know better and still young enough to "do something about it."
The day is coming soon. Your buddy's are going to step across that line. Then our Second Amendment Rights are going to show themselves "loud and clear."
It seems that as Lincoln's "usefulness" ended, he was put down by his bankster masters.
The only language they will understand is liquidation. Not of loans. Of them.
Excellent!!
All adults should have their legal name changed to XX or 000 literally. For friends and family continue to use your birth name. Sign every legal doc. as XX or 000. For example if you get married either don't sign the license or sign your name on the marriage license as XX or 000. This is legal. Next, ask for a new SS number. If you are being harrassed you can request and receive a new SS number. Use the 000 or XX along with your new name. The name does not have to registered with the federal gov. to be used legally. It's enough to just start using the name XXX or 00 on legal docs. For example you can sign all your credit cards as "XX" or "000" on the back. I have. It works. Next, if you have children birthed in the hospital, give them a legal name of "00" or "XX". Do not give the hospital their loving name. Everyone should have two names. One for the legal issues and one for friends and family. By this their SS number identify's them as XX or 000. If you have 5 children, call them the same XX or 000 for legal issues. We have to remove ourselves from the enslavement with identifiers such as our loving name or a SS# as much as possible. These identifiers are used to enslave you. Last, get off the debt kick. Owe no one for anything if possible. Refuse to be a slave to the banks, Wall Street, and the gov.. Don't give out your personal info. anymore. Don't keep your money in banks except for a household account. Open a brokerage account with checking like Charles Schwab. Keep excess funds in the account in oil, gold, silver, and agro. funds that have real tangible assets annually audited by the fund backing the investment.
Please try to explain this plan to the wives.
i'm having my legal name changed to gall batter.
Sounds like you are all for Elizabeth Warren and a CFPA!
(Unless you're in 'Prosperous Americans for American Prosperity for the US'.
Dividing a line in the sand and all that, what?
Things are starting to get interesting now. I think im behind in my planning. The rest of this decade is going to be brutal.
A society without debt does exist.
It's what our parents where told to fear.
It's called communisme.
And that system is proven not to work because it was never able to eliminate the greed for power people have in their genes.
So debt is here to stay.
But it should and can be limited, like say: you can only loan as much as 2 years of your income. Even for a house. But that's a pipe dream because here in Europe alone, they're already selling the generations loans where you take on a loan for 100 to 150 years and which will be your kids little present when you turn back into ash.
Done, and done.
Not a rich guy, but if you add the outstanding balance on my mortgage to the outstanding balance on my car loan, it equals 2x my yearly income. If you add my fiancee's income, total household debt is about 1.5x annual income. No other debt to anyone, period- and the car debt is to a private party, not a bank.
Bah, double post.
Expand the protest....cancel your cable service and toss that TV out in the yard. Just do it.
anyone use a credit union in midtown manhattan? most are affiliated with annoying actor and media unions. ive not found any general credit unions with a midtown location, don't know if there is a difference or how membership works. ???
I first wage war on financial tyranny by removing myself as much as possible from use of and exchange based on the fiat currency. I am holding uninvested cash in the form of SIVR or SGOL. I also take physical delivery. I am finding an increasnig number of local business people who are willing to accept payment in gold or silver for services like fixing the air conditioner. I expect to pay for some roof repairs in PM.
A good tactic that I have developed to break the ice is to ask if the contractor or repairman would rather be paid by check or would he accept the equivalent in gold. This allows those who are so inclined to discuss settlement in PM.
Tyler here’s something, not sure if you seen this person and maybe you could add him on once in awhile
http://www.youtube.com/watch?v=2bJjEqRQVvk&feature=player_embedded
I found him here.
http://www.scholarsandrogues.com/
++++++++++++++++++++++++++++++++++++++
JW approved!
Here's a question: If the Fed and banks can create money out of thin air, why does the govt need to collect personal income taxes from us? Let us keep the money we earn, and they can just print more money for their expenses.
Oh, wait, i forgot. They create money out of nothing so they can lend it to us, to get us to pay them phoney interest on fiat money.
Now i see. We are the slavery derivative.
Buy and hold physical gold and silver and keep enought paper cash for 6 months. For the funds you want to lose, keep them in financial institutions which can, at any minute, keep them from you in case of, for example, money market fund manager´s decision that there is too rapid a rate of redemptions. In other words, keep all wealth in your hands and if someone is going to steal it from you, they have to steal it fair and square.
i am still waiting for my spuds to appear above ground... and would like a berry bush of some description...