Rich Zubaty here. Occupy Wall Street has begun its second month. And as you know it has spawned over a thousand affiliated groups on six continents. What do we want? We want to destroy the big banks before they destroy us. Here’re some excerpts from a Chris Hedges article in the Occupied Wall Street Journal.
Quote: There are no excuses left. Either you join the revolt taking place on Wall Street, and in the financial districts of other cities across the world, or you stand on the wrong side of history. Either you obstruct, in the only form left to us, which is civil disobedience, either you obstruct, the plundering by the criminal class on Wall Street, and the accelerated destruction of the ecosystem that sustains the human species, or…you become the passive enabler of a monstrous evil. Either you taste, feel and smell the intoxication of freedom and revolt, or you sink into despair and apathy. Either you are a rebel, or a slave…
The only word these corporations know is…more.
If the stocks of ExxonMobil or the coal industry or Goldman Sachs are high, life is good. Profit. Profit. Profit. That is what they chant behind their metal barricades on Wall Street. They have their fangs deep into your necks. If you do not shake them off very, very soon they will kill you. And they will kill the ecosystem, dooming your children and your children’s children. They are too stupid and too blind to see that they will perish with the rest of us. So either you rise up and supplant them, either you dismantle the corporate state, for a world of sanity, a world where we no longer kneel before the absurd idea that the demands of financial markets should govern human behavior…or we are frog-marched toward self-annihilation.
Those on the streets around Wall Street are the physical embodiment of hope. They know that hope has a cost…that it is not easy or comfortable, that it requires self-sacrifice and discomfort, and finally, faith. They sleep on concrete every night. Their clothes are soiled. They have no place to shower. They have eaten more bagels and peanut butter than they ever thought possible. They have tasted fear, been beaten, gone to jail, been blinded by pepper spray, cried, hugged each other, laughed, sung, talked too long in general assemblies, seen their chants drift upward to the office towers above them, wondered if it is worth it, if anyone cares, if they will win. But as long as they remain steadfast they point the way out of the corporate labyrinth. This is what it means to be alive. They are the best among us.
Sez me: What a relief! I can go to my grave knowing another generation of political activists have taken the stage, and felt the glory and the passion of genuine revolution, so they can protect my grandchildren against the ravages of corporate capitalism and Wall Street banks. What a profound relief!
Here’s a Chris Hedges clip from RT TV, Russian TV, recorded at the October2011.org Occupation in Washington DC:
Max Keiser, who worked on Wall Street decades ago, has some very specific ideas about how to destroy the big banks. Cut them down to size. None of it is rocket science. But it is not the kind of thing most of us know. It certainly will never be taught in high school. Oliver Stone, as usual, won’t make a good movie about it until ten years after it happens.
Here’s how to wreck the banks according to Max Keiser:
1) (One) Audit them. Examine their books and investigate their methods.
2) Show where the financial fraud is. There IS financial fraud to be found. Everyone should know that by now. Fraud is when you sell a rabbit skin and call it mink, or when you sell a bushel of rice krispies and call it a bushel of rice, or when you sell junk securities and call them Triple AAA. And then bet against the junk you just sold. According to Max Keiser, who worked there, the business model of Wall Street is fraud. Lying to people and taking their money.
3) Show this evidence of fraud to the money managers of the large investment funds. Like the pension funds.
4) These fund managers are THEN required by law to withdraw their money from any entity tainted by fraud. Period. End of story. The fraudulent investment banks collapse. Simple.
Destroy JP Morgan! Destroy Goldman Sachs. Destroy
Bank of America and Citibank and Wells Fargo and Bank of New York Mellon.
Nothin’ to it. Audit ‘em and tell the fund managers what you find.
Here’s a clip where Max Keiser explains what Occupy Wall Street can do, to destroy the banks. Basically Occupy Wall Street would arrange one day on which all the people with underwater mortgages – people who owe more on their house than it is worth – one day on which all these people nationwide file for bankruptcy, all at once, together, and ALL of the too-big-to-fail banks will go down. Why? Because they are all claiming that they have assets that are vastly exaggerated over what they actually have. Their mortgages are not worth what their books claim they are worth. And every ten dollars in assets is leveraged so they can lend a hundred dollars on it. But if every asset is really only worth five dollars, not ten, they are leveraged twice as high as any foreseeable economic growth can possibly pay back. They’re a house of cards, and they collapse. Then they can be broken up into1200 small banks, none-of-which are…too-big-to- fail.
Here’s Max and his guest, author Charles Hugh Smith
[Keiser Report #195]
OK, I’m staying with this stripped down podcast format for now. For daily updates on the worldwide Occupy movement, check out my blog: www.therudeguy.com
Viva la Revolucion! I’ve been waiting a lifetime for this. Goddam, we’re about 30 years overdue for a huge change in this country.
I just read this somewhere: The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion.