WALL STREET AND THE BASTILLE
Posted on 17. Oct, 2011 by Adeela Naureen in Hot Topics
IS HISTORY REPEATING ITSELF?
By Adeela Naureen
History repeating itself
Labeled by Fox news as Anarchist movement the Occupy Wall Street is more than what meets the eye. THE WHOLE WORLD IS WATCHING, THE WHOLE WORLD IS WATCHING, this was the loudest slogan repeatedly raised by common people gathered outside the Wall Street in the historic movement called “Occupy Wall Street”. Michael Moore described the current mood in New York as the beginning of a new wave of liberty, democracy and civil disobedience against those who have stolen the future of common American people. The new wave of protests has not been covered objectively by the main stream American Media; well they always do that, since they are the mouth pieces of Corporate America which is the biggest hoax of democracy on this planet.
The American public is fed up on many accounts, it is poor economic management, exploitation of the Capitalism, Long War in Middle East and Afpak region and growing distrust of the three ‘Ws’,that is White House, Wall Street and Willing connivance of Corporate America. It may be interesting to have a look at the slogans of protestors on the wall Street, these included, ‘End the federal reserve’, Enough is Enough, Just because we can’t see it does not mean it is not Happening, I can’t afford a Lobbyist, I am the 99 %, etc. etc.
Another major thing happening in Continental US is the call for Collective action by a website, the Anonymous, individuals and groups are appearing in public as Anonymous, wearing the Guy Fawkes (orchestrator of the Gun Powder Plot in 1604) masks popularized by the comic book and film V for Vendetta. As per Wikipedia, Anonymous (used as a mass noun) is a group initiating active civil disobedience and spread through the Internet while staying hidden, originating in 2003 on the image board 4chan, representing the concept of many online community users simultaneously existing as an anarchic, digitized global brain. It is also generally considered to be a blanket term for members of certain Internet subcultures, a way to refer to the actions of people in an environment where their actual identities are not known. In its early form, the concept has been adopted by a decentralized online community acting anonymously in a coordinated manner, usually toward a loosely self-agreed goal, and primarily focused on entertainment. Beginning with 2008, the Anonymous collective has become increasingly associated with collaborative, international hacktivism, undertaking protests and other actions, often with the goal of promoting internet freedom and freedom of speech. Actions credited to "Anonymous" are undertaken by unidentified individuals who apply the Anonymous label to themselves as attribution”.
In the absence of critical analysis of the situation by main stream American media It is important to view the sentiments of American people from the open source media like YouTube and Twitter, on 6th October, Mr. CTL remarked on a website, Politicus USA as, “The NYPD are at war with the protesters, and the war is continuously fueled by the “donations” from Wall Street banks, like the recent 4(something) million dollars from JPMorgan. I suggest you all play Deus Ex Human Revolution. That game will show just what is happening. These protesters need to hold onto their pickets till the end, and keep violence away. With the sheer amount of the 99% in NYC and around the country, one spark can set a flame that will burn down this country”.
DNIDIA4 suggested following agenda on a web site,1. Sever the agreement between the government and the federal reserve and begin printing US dollars based on our collective assets as a nation. 2. Investigate 9/11, bring war profiteers to justice. 3. Force all officials who so obviously violate the constitution as routine daily business out of office. 4. After the treasonous criminals are out organize a constitutional convention so that war profiteering & manipulation to enslave us can never occur again. 5. Direct Participatory Democracy. 6?. Universal HC
Another important trend is development of liking for Republican Congressman, Ron Paul. Ron Paul has come out with a revolutionary agenda, calling for end of the Long war and end of Federal Reserve, both targeted at the US Military Industrial Complex. The Occupy Wall Street movement and Ron Paul have lot of commonality in taking up arms against corporate America.
According to The Daily Telegraph, a group in London inspired by Occupy Wall Street now wants to occupy the London Stock Exchange; the perceived message is as “Like our brothers and sisters in Egypt, Greece, Spain, and Iceland, we plan to use the revolutionary Arab Spring tactic of mass occupation to restore democracy in America. We also encourage the use of nonviolence to achieve our ends and maximize the safety of all participants,” said a punchy message on the group’s website.
The protestors, who lack a centralized leadership system on the grounds that people get annoyed if someone’s in charge, say they won’t leave until their demands are met – but what exactly are their demands? It took them a while to get them together, but now they’ve revealed them: They want an end to capital punishment; an end to baseless police intimidation (this because four of their number were arrested); an end to wealth inequality; an end to corporate censorship; an end to the “gilded age”; they also want ends to health profiteering, American imperialism, and war”.
A week back, the Wall street Executives mocked the protests by Drinking Champaign on the balconies of Wall Street, a reminder of French revolution when Queen Marie Antoinette peeped through the Balcony of the her palace and asked a minister, if the people don’t have bread, let them eat the cake.(modern day Capitalists even contest this phrase and opine that she never said it and it was some early queen of France who uttered these words)
To remind the corporate America of the similarities between French revolution and Occupy Wall Street movement, it may be pertinent to highlight the last days of Queen Marie Antoinette, refereeing to Wikipedia, “She was finally tried by the Revolutionary Tribunal on 14 October 1793. Among the things she was accused of (most, if not all, of the accusations were untrue and probably lifted from rumours begun by libelles) were orchestrating orgies in Versailles, sending millions of livres of treasury money to Austria, plotting to kill the Duke of Orléans, incest with her son, declaring her son to be the new king of France and orchestrating the massacre of the Swiss Guards in 1792…The outcome of the trial had already been decided by the Committee of Public Safety around the time the Carnation Plot was uncovered, and she was declared guilty of treason in the early morning of 16 October, after two days of proceedings. On the same day, her hair was cut off and she was driven through Paris in an open cart, wearing a simple white dress. At 12:15 pm, two and a half weeks before her thirty-eighth birthday, she was executed at the Place de la Révolution (present-day Place de la Concorde).Her last words were "Pardon me sir, I meant not to do it", to Henri Sanson the executioner, whose foot she had accidentally stepped on after climbing the scaffold. Her body was thrown into an unmarked grave in the Madeleine cemetery, rue d'Anjou, (which was closed the following year).Her sister-in-law Élisabeth was executed in 1794 and her son died in prison in 1795”.
With Wall Street Barons brandishing glasses of Champaign from the balconies of the financial hub of corporate America and ridiculing innocent protestors on New York streets who claim to be 99% of America, the stage may be setting for repeat of history, this time it may be the Wall Street replacing the Bastille.
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Adeela Naureen
Larry White
20. Oct, 2011
We will see if Americans are ready for revolution in due time. The Occupy movement must grow larger and more determined. Then the 99% must walk right into their respective state houses, county and city halls, and occupy them. Throw the rascals out! Dissolve the banks. Let the debt go back into the thin air it came from.
LaFeria
20. Oct, 2011
…another foolish article…..You named what is missing at OWS - a scapegoat = Marie Antoinette – Last Queen of France and Navarre.
The French Revolution was a ROTHSCHILD inspired debacle to rid Europe of her ancient aristocracy, a giant 'fire' sale, pinishment for French support of the Americans….and one of the greatest thefts and murders of History……as a tit for tat the Masons turned over the knowledge of the meter in 1793 – the year the Last Queen of a what could have been a United Europe – or al least her Heirs met her end with a dignity that surpassed the diabolical scheme that circumvented her bloodline………these Mongoloid Khazars and their demonic NWO thru thier anti-chirst Vessel continued thur killing off the last of the Tsars of Russia and then the flower of Germany at Dresden…………..
To OWS…..already infiltrated and NOT VIOLENT a definite dissapointment to the PTB that will lose patiance and eventually just ATTACK the mob……and introduce their NWO………left to be seen………many debts are about to bear evil fruit $600 trillion in treasury bonds, a diminishing food supply, the student loans…..Obimbi's continued stumbling…..nasty nasty nasty things are around the corner and the Great Evil has been confronted on my levels ….it's old schemes failing …..Iranian keystone cops scripts, White Hats, oathkeepers everywhere, non–violence…..their old stick don't seem to poke the same wounds….their concept on problem, reaction, answer….just not playing out….interesting to see HOW and with WHAT they follow….hopefully the ROTHSCHILD and the anti-chirst Vessel NATAHNIEL ROTHSCHIDL and his buddy TONY HOWARD of BP Deep Horizon fame ( just now their meddling with the Kurds is bearing evil fruit as Turkey crosses into Iraq chasing the Kurds and whey – just last months these evil spwan were just there stirring the shit)….and they have cannibalized Greece ( her vast Gas and Oil discoveries as well – how a country with such a treasure can be broke is beyond logic) and already fisted and sodomised Libya……….MAYBE HELL might open up and CONSUME these two ABOMINATIONS in everlasting flames…….dare to dream.
Hopefully Our Champion gets here before the fat lady sings!
Occupy Movement Goes Worldwide–hooray for the 99%, it’s now a movement too big to fail « Dregs of the Future
20. Oct, 2011
[...] WALL STREET AND THE BASTILLE [...]
RB
21. Oct, 2011
So the people are protesting against the 1% that they claim controls society with their money while the people they picket against pay NYPD to shut them down……..uhhhh point proven?
Nalliah Thayabharan
10. Nov, 2011
Wall Street is a confidence trick, a dazzling edifice built on paper promises, gambling, bets and rampant speculations. Wall Street doesn’t manufacture or produce anything. Wall Street , however attractive it may appear, is built on paper.
Wall Street speculation caused a 70% increase in the price of wheat from June to December 2010 and severed food crisis in more than 35 countries. However, there was no significant change in the global food supply or in food demand. The total value of Wall Street speculative financial derivatives reached more than $600 trillion – about 10 times global GDP. Wall street's speculative derivatives are virtually untaxed and banks often avoid paying tax on profits from selling derivatives. Every consumer is paying more for commodities including food and fuel due to the excessive speculation by Wall Street.
Modern day bank robbers are at Wall Street but they wear grey suits and not masks. Rampant speculators, propagandists and financiers of Wall Street are all given some unfair advantage over the average consumers and taxpayers and the cumulative effect of the people watching selfishness prevail over the public interest has been an undermining of the public’s trust in the present US government. There’s no question that Wall Street is rigged against the average consumers and taxpayers. Wall Street has a lot more information. Wall Street jerry-rigged the system so that Wall Street always win. If Wall Street loses trillions, the US Treasury will bail the Wall Street out so it can go back and do it again.
50 trillion dollars in global wealth was erased between September 2007 and March 2009, including 7 trillion dollars in the US stock market, 6 trillion dollars in the US housing market, 8 trillion dollars in the US retirement and household wealth, 2 trillion dollars in the US individual retirement accounts, 2 trillion dollars in the US traditional defined benefit plans and 3 trillion dollars in the US nonpension assets. Greed, arrogance and incompetence created a massive meltdown, cost trillions, and still Wall Street comes out richer and more powerful.
There are trillions dollars of new money taken again from Americans to make deals and hand out outrageous bonuses. And when these trillions run out, Wall Street will come back for more until the dollar becomes junk. The value of the US dollar declined very significantly during the last 70 years. The value of the US dollar in 1940 was worth 2,000% more than the value of the US dollar now.
Many big US manufacturers are outsourcing to Mexico and China to increase their profits, adding more unemployment in the USA. Manufacturing jobs in the USA declined 37% between 1998 and 2010. Since manufacturing industries has declined in the USA, the US competitiveness in the global marketplace has also declined.
Robust financial markets don’t imperil capitalism. In the early 1980′s Wall Street began to escape reasonable important regulations of the marketplace. The US government gradually adopted a “too big to fail” policy for the Wall Street, saving lenders with failing businesses from losses. The demise of Glass Steagall act helped spawn the credit crisis by allowing the Wall Street to create financial instruments that allowed them to escape reasonable limits, including constraints on speculative borrowing and requirements for the disclosure of important facts. The extremely lucrative hedge funds and other risk management derivatives including credit default swaps don't fund or invest in successful growing businesses. The credit default swap market was the single biggest cause of the crash 4 years ago.
Wall Street's suicidal capitalism built on rampant speculation eventually posed an untenable risk to the US economy—a risk that culminated in the trillions of dollars’ worth of the US government bailouts and guarantees that the US government scrambled starting in late 2008. But in 2008 the US government was compelled to replace private risktakers at the Wall Street with government capital so that money and credit flows wouldn’t stop, precipitating a depression. As a result, these Wall Street became impervious to the vital market discipline that the threat of loss provides. Wall Street lenders of the financial markets continue to understand that the US government would protect them in the future if necessary. This implicit guarantee by the US government harms capitalism and economic growth.
The top 6 US banks had assets of less than one fifth of US GDP in 1995. Now they have two third of US GDP. The financial crisis was created by the biggest US banks to consolidate power. The big banks became stronger as a result of the bailout by the US Treasury. The big banks are turning that increased economic clout into more political power. Wall Street has undue influence on the US government policies and this situation reflects a failure of democratic representation for the other 99 percent Americans.
Oligarchy is the political power based on economic power. And it’s the rise of Wall Street in economic terms, that it’d turn into political power.Wall Street will then continue to feed that back into more deregulation, more opportunities to go out and take reckless risks and capture trillions of dollars.
Wall Street only has the lobbyists. Today more than 42,000 Wall Street lobbyists manipulate USA's 537 elected officials with huge campaign contributions that fund candidates who support their agenda. It no longer matters who's the President of USA.
The political and economical leadership of the US has chosed to cartel profits and transformed the US economy to serve the colluding and unlawful oligarchy. The political and economical leadership of the US is bailing out failed paradigms with trillions of dollars while committing social injustice to its people. The political and economical leadership of the US including the US Congress have now become Wall Street's "Trojan Horses". The US banks are borrowing money at near zero interest from the US government, then lending it back to the US government at even mere fractions higher interest than they are paying. The net interest margin made by the US banks by lending the money back to the US federal government in the first 6 months of 2011 is 210 billion dollars.
The organizers and profiteers of war and death – the past four generations of Bush family – Samuel P Bush, Prescott S Bush, George H W Bush and George W Bush along with a group of international investment bankers and corporate executives, have been instrumental in creating and profiting from extremely costly and destructive wars. Four generations of Bush family have reaped tremendous profits from the wars they orchestrated.
Due to the oligarchs’ rapacious looting and their purchase of a politically protected luxurious lifestyle, the people of the US are on the road to permanent serfdom under a police state. Tens of millions in the US live desperate slave like existences and they hold little hope for a better life. The democracy was not given to the people of the US on a platter. It is not theirs for all time, irrespective of their efforts. Either people of the US organize and they find political leadership to take this on or they are going to be in deep trouble.
The failure of governance to address the current critical issues have already produced catastrophic consequences. Now we are experiencing a major global paradigm shift and it is still unfolding. Thirty-two US states including California, Illinois, Nevada, Arizona, Florida, New Jersey and Michigan are on the brink of insolvency as their tattered and fading economy is now more dire than ever. Inevitably in very near future the US government will order police or military to martial law which may lead to a second American revolution.
“There is no calamity greater than lavish desires, no greater guilt than discontentment and no greater disaster than greed”
- Laozi
"Greedy desire is endless and therefore can never be satisfied"
- Buddha
Moshe Ben-Ze'ev
14. Nov, 2011
I am an officer of the rank of Brigadier in the Israeli Defence Force (IDF) and I concur with all of Pakistani politician's statements that Israel (and Hindus and Christians) are responsible for all of Pakistan's woes. At the flick of a button, I can switch off all power supply to Karachi, make the Taliban bomb you in Quetta, ground all PIA flights across Iran, and jam all drains and sewers in Lahore. I can also cause dengue fever in Sindh. I also control the drones attcking you in FATA. There is nothing you can do about it. All your F-16s, JF-17s etc are useles in the face of the drones I am controlling in Tel-Aviv. All you Ghauris and Abdalis are dummies …