Monday, October 17, 2011

Guest post : Occupy Portland


Arran Edmonstone of the Love Police Cascadia and The Refreshment Center speaks with the 99% helping in the liberation of Pioneer Square in Portland, Oregon.



America's Wake Up Call / Oh say...can YOU see?





Take into consideration, Hillary's words regarding free speech and freedom of assembly during the uprising in the Middle East.  That same week, U.S. Secretary of State Hillary Clinton gave a major address calling for internet freedom around the world.  As Clinton condemned the Egyptian and Iranian governments for arresting and beating protesters, former U.S. Army and CIA officer Ray McGovern was violently ejected from the audience and arrested after he stood up and turned his back in a silent protest of America’s foreign policy.


More at Democracy Now!

Thursday, October 6, 2011

BBC Does It Again: "In The Absence Of A Credible Plan We Will Have A Global Financial Meltdown In Two To Three Weeks" / IMF Advisor

[Guest post from Zerohedge's Tyler Durden.  This is a site that has continually kept a finger on the pulse of the market - as savvy as they are, they see how it now behaves like a wild animal and to that end, realize what is normal/abnormal and also unprecedented.  Their traffic has grown exponentially over the course of the last few months and when this post was listed as top story today - the link would not post a preview, nor would the link properly function (in fact, it jumped to Obama's jobs speech post, incredulously).  In the spirit of sharing much needed information - I present it here, unedited. ~ G]

A week after the BBC exploded Alessio Rastani to the stage, it has just done it all over again.  In an interview with IMF advisor Robert Shapiro, the bailout expert has pretty much said what, once again, is on everyone's mind: "If they can not address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system.  We are not just talking about a relatively small Belgian bank, we are talking about the largest banks in the world, the largest banks in Germany, the largest banks in France, that will spread to the United Kingdom, it will spread everywhere because the global financial system is so interconnected.  All those banks are counterparties to every significant bank in the United States, and in Britain, and in Japan, and around the world.  This would be a crisis that would be in my view more serrious than the crisis in 2008.... What we don't know the state of credit default swaps held by banks against sovereign debt and against European banks, nor do we know the state of CDS held by British banks, nor are we certain of how certain the exposure of British banks is to the Ireland sovereign debt problems."

But no, Morgan Stanley does, or so they swear an unlimited number of times each day.  And they say not to worry about anything because, you see, it is not like they have any upside in telling anyone the truth.  Which is why for everyone hung up on the latest rumor of a plan about a plan about a plan spread by a newspaper whose very viability is tied in with that of the banks that pay for its advertising revenue, we have one thing to ask: "show us the actual plan please."  Because it is easy to say "recapitalize" this, and "bad bank" that.  In practice, it is next to impossible.  So yes, ladies and gentlemen, enjoy this brief relief rally driven by the fact that China is offline for the week and that the persistent source of overnight selling on Chinese "hard/crash landing" concerns has been gone simply due to an extended national holiday.  Well, that holiday is coming to an end.



By the way, Reuters, Shapiro is not a Yes Man - we'll spare you the ruminations.

First Collective Statement Of Occupy Wall Street

As read by Keith Olbermann w/transcript below.  Please share, repost, G+ and tweet for democracy!
Follow #occupywallstreet #OWS #ourwallstreet #sept17 
and get out and occupy your city!

WE THE PEOPLE.
EXPECT US.


Official Collective Statement :

As we gather together in solidarity to express a feeling of mass injustice, we must not lose sight of what brought us together. We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies.

As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known.

They have taken our houses through an illegal foreclosure process, despite not having the original mortgage.
They have taken bailouts from taxpayers with impunity, and continue to give Executives exorbitant bonuses.
They have perpetuated inequality and discrimination in the workplace based on age, the color of one's skin, sex, gender identity and sexual orientation.
They have poisoned the food supply through negligence, and undermined the farming system through monopolization.
They have profited off of the torture, confinement, and cruel treatment of countless animals, and actively hide these practices.
They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions.
They have held students hostage with tens of thousands of dollars of debt on education, which is itself a human right.
They have consistently outsourced labor and used that outsourcing as leverage to cut workers’ healthcare and pay.
They have influenced the courts to achieve the same rights as people, with none of the culpability or responsibility.
They have spent millions of dollars on legal teams that look for ways to get them out of contracts in regards to health insurance.
They have sold our privacy as a commodity.
They have used the military and police force to prevent freedom of the press.
They have deliberately declined to recall faulty products endangering lives in pursuit of profit.
They determine economic policy, despite the catastrophic failures their policies have produced and continue to produce.
They have donated large sums of money to politicians, who are responsible for regulating them.
They continue to block alternate forms of energy to keep us dependent on oil.
They continue to block generic forms of medicine that could save people’s lives or provide relief in order to protect investments that have already turned a substantial profit.
They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit.
They purposefully keep people misinformed and fearful through their control of the media.
They have accepted private contracts to murder prisoners even when presented with serious doubts about their guilt.
They have perpetuated colonialism at home and abroad.
They have participated in the torture and murder of innocent civilians overseas.
They continue to create weapons of mass destruction in order to receive government contracts.

To the people of the world,

We, the New York City General Assembly occupying Wall Street in Liberty Square, urge you to assert your power.

Exercise your right to peaceably assemble; occupy public space; create a process to address the problems we face, and generate solutions accessible to everyone.

To all communities that take action and form groups in the spirit of direct democracy, we offer support, documentation, and all of the resources at our disposal.

Join us and make your voices heard!