|HEY, OCCUPY MOVEMENT! PROTEST THIS...
The Occupy Movement does not seem to be well organized in publishing what they are protesting, so I
thought I should help them with a list of situations in America that call for protest.
1. The FBI and the Justice Department allow members of Congress to accept discrete bribes from the
financial and investment communities. These bribes take the form of advance notice of events that will
effect the value of specific stocks. This advance notice causes the stock portfolios of Senators and
Representatives to greatly outperform the average investor. (Senators portfolios do 10% better,
Representatives portfolios do 6% better.) Using foreknowledge of events that will effect stocks is called
insider trading and it is illegal for everyone but Congressmen. (For details, see Dan Froomkin,
"Members of Congress Get Abnormally High Returns From Their Stocks," The Huffington Post, May 25,
2011 and John Ransom, "How to Go to Congress and Become a Millionaire," Townhall.com, May 26,
2. The 1% cause the National Media and the National Party organizations to hide reform candidates. In
the 1980s and 1990s they hid Lyndon Larouche, even throwing him in jail. (Search: Lyndon Laroche,
Lyndon Laroche Ramsey Clark.) In the 2008 election, the major media ignored Ron Paul, who ramped up
support anyway by posting his positions and campaigning on the Internet as well as in person. (Search
Ron Paul.) In this election they are hiding the most qualified candidate, reformer Buddy Roemer. (Search
3. The financial crisis was caused by the sale of bundles of mortgages as sound securities. These
bundles were overvalued because of systematic mortgage fraud (one third of the mortgages were
granted because lenders encouraged borrowers to lie about their ability to repay). The sellers of these
bundles of mortgages knew that they were defrauding the purchasers, but there have been no
William Black (Bill) is a highly experienced white-collar criminologist, who was a central figure in the
Savings And Loan Crisis, exposing Congressional corruption as well as banker wrongdoing. He is the
author of "The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted
the S&L Industry," 2005, University of Texas Press. He teaches economics and law at the University of
Missouri - Kansas City.
Bill Black notes that the collapse of banks always involves fraud and that this crisis is seventy times
larger than the Savings And Loan Crisis. (See "Bill Black and Banker Fraud," YouTube, Nov. 4, 2011. This
short video is an eye opener.)
On Bill Moyers Journal on PBS, "Black asserted that the banking crisis in the United States that started
in late 2008 is essentially a big Ponzi scheme; that the "liar loans" and other financial tricks were
essentially illegal frauds; and that the triple-A ratings given to these loans was part of a criminal
cover-up." (William K. Black, Wikipedia).
4. The United States joined the World Trade Organization (WTO) in 1995 and is still a member, which
severely hampers US ability to resolve trade disputes in a fair way. China joined in 2001. The WTO is
ineffective in curbing China's unfair trade practices and the government has known it for years. (See
www.uscc.gov/researchpapers/2008/TLAG Report - China's WTO Compliance and Commitments
2005-2007 Update.pdf.) The discrepancy between what China is required to do by WTO rules and what
China actually does is a big part of the reason for so many lost American manufacturing jobs To date,
only two candidates, Ron Paul and Buddy Roemer have committed to getting America out of the WTO.
5. American companies game the Tax Code to profit from shipping jobs overseas. A bill to stop some of
these practices was introduced in Congress, The Offshoring Prevention Act of 2011 and as of today has
not been passed. The whole Tax Code needs to be reviewed to close all such loopholes, but politicians
who take campaign money and stock tips from Special Interest lobbyists can scarcely be relied on to
6. The Federal Reserve is the problem rather than the solution. Because this is such a big topic, I have
broken it into subsections.
6. (a). The Federal Reserve is not Federal and it's not a Reserve, What is it? It is a system of twelve
privately owned regional banks and a supposedly independent Federal Reserve Board which controls
America's monetary policy. The Federal Reserve System was founded in 1913. When stock in the twelve
banks was offered in 1913, controlling interest was bought by national and international bankers. Since
a majority of the six Governors of the Federal Reserve Board have ties to the twelve member banks,
this controlling interest allows national and international bankers undue influence on the American
6. (b). The Federal Reserve chooses to keep its operations secret. Ron Paul has been trying to get
Congress to audit the Federal Reserve for years. It took Bloomberg almost three years to get a
judgment from the Supreme Court that forced the release of documents revealing up to $1.2 trillion of
secret loans to 21,000 banks. That was your money that they risked.
Rest In Peace, Mark, God loves the brave. Mark Pittman, the award-winning investigative reporter who
led Bloomberg News to sue the central bank, died in November, 2009 from heart-related illness. He was
6. (c). In America's history, a number of other people have fought bankers and either survived
assassination attempts or died young.
President Andrew Jackson destroyed the second national bank by vetoing its 1832 re-charter by
Congress and by withdrawing US funds in 1833. He survived an 1835 attempt to assassinate him.
President Abraham Lincoln went to bankers to finance the Civil War and was offered interest rates of
24% to 36%. At Lincoln's request, instead of borrowing, the government printed $450 million in
"greenbacks," notes printed with green ink on one side. An outspoken opponent of "the money power,"
Abraham Lincoln survived the first two assassination attempts, but was assassinated shortly after his
President James A. Garfield became president in 1881. He was an opponent of the bankers as well,
advocating a sound currency based on gold and silver and accusing bankers of generating "periods
of inflation and depression" for their profit. Garfield was shot in July, 1881, and died in September, 1881.
President William McKinley was elected in 1897. McKinley put the currency of the United States on the
Gold Standard, so that its currency would be "not subject to easy attack, nor its stability to doubt or
dispute." McKinley was the third president assassinated, he died in the first year of his second term.
In June of 1963, President John F. Kennedy signed Executive Order No. 11110 giving the US government
the power to issue currency, without going through the Federal Reserve. In all, Kennedy brought
nearly $4.3 billion in US notes into circulation. John F. Kennedy was the fourth president assassinated,
he died in November of 1963.
In addition to the death of presidents, congressmen have also died after challenging the Federal
Reserve. On May 23, 1933, Congressman and financial expert, Louis T. McFadden, brought formal
charges against the Board of Governors of the Federal Reserve Bank system. In a rant against the
Federal Reserve Board and "the corrupt practices of moneyed vultures who control it," McFadden said,
"The Federal Reserve Board, a Government board, has cheated the Government of the United States
and the people of the United States out of enough money to pay the national debt..."
McFadden survived the first two attempts to kill him, which took place shortly after he filed his charges.
A third attempt was successful in 1936.
6. (d). The Federal Reserve tied the American currency to debt, it instituted a system of loaning money
into existence instead of merely printing bills, as the Constitution allows Congress to do. This system
has worked only as well as the Federal Reserve, which controls interest rates, has allowed. BUT the
working of debt currency system seems to rely on the amount of world debt doubling every eight or ten
When you loan money into existence, you have to double the amount of debt periodically to keep up
with the compounding of the interest. Total credit market debt for the United States, federal, state, local,
corporate and household debt, illustrates the point. Starting in 1970, total credit market debt doubled by
1977. It doubled again in seven years, then doubled again in eight years, then again in eleven years.
Total credit market debt stopped increasing in 2008, and at that point the debt money system broke
Scientist and economic analyst, Chris Martenson, has this to say (I'll explain his little tiny wiggle after the
quote): "If you want to understand everything that is going on, rising food stamp use, riots in Greece,
the destruction of peripheral economies, if you want to understand why budgets are being destroyed or
shredded... All of it is explained in that little tiny wiggle... We have a money system that is designed to
grow exponentially (double periodically), whatever reasons it hit a limit to growth, it couldn't grow any
further, we got the little wiggle." (The little tiny wiggle is an end to the sharp upward curve in total credit
market debt from 1970 to 2008. The little tiny wiggle from 2008 to the present occurred as the debt
money system literally broke down, flat-lined, bumped and died.) (Chris Martenson, "Chris Martenson's
presentation at the Gold & Silver Meeting in Madrid," YouTube, Nov 29, 2011. This is a brilliant
presentation and if you study it and tell your friends, they will think you are an economic genius. Also,
you will get to see the little tiny wiggle.)
In past decades, slumps have been overcome by tax breaks or deficit spending or the stark necessity of
war, which brought on continued growth. In the video presentation, Chris Martenson explains the
physical limitations to growth that the world now faces. (Also see No. 132, "Jobs And Failed Policy.")
The "cheap and easy" oil fields have already been exploited. In 1930 the energy return for oil was 100:1
(only about 1% of the amount of oil recovered was used up in the recovery process). Today it is already
down to 3:1. (about 33% of the amount of oil recovered is used up in the recovery process.) (Ibid). We
have gone from easy oil wells in huge fields to fracking shale oil and strip mining or steam extracting tar
sands. Martenson predicts that oil prices will go much higher as oil becomes even scarcer and harder
to get out of the ground.
Not only oil but also other natural resources are being rapidly used up. At the current pace of use,
known reserves for many metals and minerals will be gone within a generation. The energy needed to
get metals and minerals out of the ground is growing rapidly. We live in a economy that must grow, but
must soon stop growing because of the depletion of resources. Our money system is badly designed
and our way of life is unsustainable. Our economy may have already hit a wall. (Ibid).
7. Globalism has hastened the demise of the American way of life. It destroyed markets by taking jobs
away from the very consumers that sellers rely on to buy their products. It wasted scarce resources in
transportation costs. The low pay of factory workers, which was necessary to allow goods to be sold
competitively in distant markets, did not allow the factory workers who make products to become a
Martenson predicts that the next twenty years will be much different than the last twenty. I can only
agree. The world is not only under threat from nuclear proliferation, we are looking at economic
collapse as well. Possibly T. S. Eliot called this one.
"This is the way the world ends: This is the way the world ends: This is the way the world ends: Not with
a bang but a whimper." (T. S. Eliot, "The Hollow Men").
I will close with a word of advice to the Occupy Movement. Do not waste your youth and your strength
fighting to patch up Humpty Dumpty. The system can not be repaired. The American government must
default on the National Debt. America must go through a period of economic chaos. (I had hoped that
Buddy Roemer, with his business MBA from Harvard and CEO experience in the companies he created,
and experience as a Governor and as a Congressman could be elected to ease the turmoil, or even
delay the collapse, but he is still very well hidden.)
Occupy Movement, you have done a great work in waking up the American people, but your next task
must be rebuilding a saner America from the ruins left by the 1%, the Fraudsters, the Federal Reserve
and the WTO. Be careful, it's a dangerous world out there.
Amo Paul Bishop Roden