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AlterNet / By Tiffiniy Cheng
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If We Don't Stop Wall Street's Colossal Theft Now, Where Will This Country Be Next Year?

Come attend events across the country next week to learn more about how we can stop Wall Street before it bankrupts all of us.
June 5, 2009  |  
 
 
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We have the most fundamental fight over power ahead of us -- either the banks get bigger and richer and more powerful, or we take away some of their political power for ourselves and our businesses.

Why does this fight matter? Because we have trillions of dollars in deficit, and the financial sector is winning policy after policy and will continue to squeeze tax breaks, loose rules and dollars out of government. The financial sector is stopping our country from getting out of the crisis, it is to blame for our troubles. If we don't stop it, where will our country be by the end of this year?

But do you feel like you don't understand big finance, while you feel less financially secure? Wall Street has been getting away with taxpayer dollars, corruption and risky practices, and a massive market failure. It's because it wants us to believe that "ordinary people can't understand finance and economics." Let's get together and understand why the economic crisis happened and what is being done now.

To beat Wall Street at its game, we need to learn about what it's doing and then loudly refuse its way of doing business. A New Way Forward is launching a way we can do the first part to stop bad practices on Wall Street -- volunteers around the country are hosting economic crisis video screenings and town hall forums starting this Monday through Friday, some Webcasted live.

So, feel like you want a chance to learn more? Come enjoy yourselves and talk about where your money belongs. Find one near you or plan one of your own (New York City's is on Monday).

You can see the ANWF Economic Crisis 2009 video or bookmark this link to watch any of the live Webcasts on Monday, Wednesday and Thursday. You can host your own screening using just this link: livestream.com/anewwayforward

These town halls are educational, local, citizen, community, rallying with former IMF Chairman Simon Johnson and author and progressive consultant Mike Lux on Captiol HIll. There will be a lively debate at the NYC event, with business leader Leo Hindery debating author Les Leopold and history professor Alice Kessler-Harris. In San Francisco, author Doug Rushkoff and economist Ernesto Dal Bo. 

A New Way Forward is a pact we're making as citizens to not continue to let Wall Street act like our masters. The point is that winning the battle with the banks can change politics as usual. I truly believe this is a fight that can reset our political process, restoring it for the public.

So, A New Way Forward is a new group that is open and participatory and crosses party lines -- it's easy to be a part of this important movement, just sign up and we'll win.

ANWF is organized via the Web by local teams that want to take back the power of the ordinary citizen to affect our economic structure. As the banking industry continues secret lobbying in Washington, A New Way Forward is trying to begin a serious discussion at the grassroots level. Getting together this week is a start to fighting the big players in the financial sector.

You can find the full listings on A New Way Forward's site -- but here's a short list of town halls:

Bethelehem, Pa., June 9, 7 p.m., with Tom Hyclak, professor of economics, at Public Library

Bellingham, Wa., June 10, 4 p.m., street corner forum with Kristi Laguzzi, downtown Federal Building

San Diego, June 10, 6 p.m., with Jeeni Criscenzo at University of San Diego

San Francisco, June 10, 6:30 p.m., with Ernesto Dal Bo, Doug Rucskoff, Donald Goldmacher at Mechanic Library, Webcast

New York, June 8, 7 p.m., with Leo Hindery, Les Leopold, Alice Kessler-Harris at the Tank, Webcast

New York, June 10, 7 p.m., video screening with Danny Shechter at Le Poisson Rouge

Washington, June 11, 9 a.m., with Simon Johnson, John Taylor, Nancy Cleeland, Mike Lux at Capitol Hill, Webcast

Video Screenings:

June 8, 6 p.m., Berkeley, Hillside Club

June 9, 6 p.m., Austin, Texas, Carver Library

June 10, 5 p.m., Fontana, Calif., Fontana Lewis Library

June 10, 5:30 p.m., Nogales, Ariz., Nogales Public Library

June 10, 7 p.m., Santa Monica, Calif., Public Library -- Community Room

June 10, 7 p.m., Decatur, Ga., Push Push Theater

June 10, 7 p.m., East Lansing, Mich., Ramona's Home in Hawk Nest

June 10, 7 p.m., Paterson, N.J., Robert A. Roe Federal Building

June 10, 7 p.m., McMurray, Pa., Our Home

June 10, 7:30 p.m., Jamaica Plain, Mass., First Church Unitarian Universalist

June 11, 1 a.m., Durham, N.C., Durham Downtown Plaza

June 11, 7 p.m., Boulder, Colo., Colorado University -- Humanities 150

June 15, 7 p.m., Princeton, N.J., my house and patio

June 17, 7:30 p.m., Hyattsville, Md., Paint Branch Unitarian Church


Tiffiniy Cheng is co-founder of A New Way Forward.
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You Are Not Aiming High Enough, The Federal Reserve is the Problem!
[Report this comment]
Posted by: Alcinor on Jun 6, 2009 2:18 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Tiffiny, appreciate the long overdue effort to educate the public on the evils of the banks.

But going after Wall St is like blaming the torture at Abu Ghraib on Lindy England.

The real problem is the International Bankers who own and control the Federal Reserve Bank, which is as Federal as Federal Express!

The Fed has engineered our current financial collapse as well as the First Great Depression and every other recession, panic, boom and bust since it was foisted on us by European Bankers aided by their American henchmen in 1913.

"From now on, depressions will be scientifically created." -- Congressman Charles A. Lindbergh Sr. , 1913

The Fed loans the US Treasury every single dollar in existence, in open violation of the US Constitution, which says that only the Treasury can issue currency.

Take a look at any bill in your pocket, on its face it says, "Federal Reserve Note." A note is evidence of a debt, which is to be repaid with interest to the Fed. This is the debt that constitutes the National Debt!!

Would it make sense for one branch of government to shackle another with such onerous debt? No, the income taxes that the IRS collects from us, is interest on that debt that goes straight into the coffers of the Bankers who own the Fed!

I know this is outlandish, but it is an open secret that few have the Balls to discuss and there are good reasons for this. (See Cong Louis T. McFadden, R. Pa) Ron Paul knows the truth and is an exception.

Learn the truth and spread the word, the hour is late already. See http://TheMoneyMasters.com you will learn how US citizens became slaves of the International Bankers. Also read "The Creature From Jekyl Island" by Griffith, the story of the meeting of International Bankers in 1910 that spawned the Fed in 1913. Ironically, just last month, the Fed convened a meeting on Jekyl Island!

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford

Let's all learn everything we can and spread the word as far and as wide as possible, (by the way, MSM will Not Touch this subject!) and stop the Banker's from achieving the New World Order that will complete their enslavement of the World!

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» RE: So how do you think we are doing? Posted by: Sister_Lauren
» RE: So how do you think we are doing? Posted by: Sister_Lauren
» RE: You nailed it! Posted by: ron heringhauser
» RE: On a scale from 1 to 10 Posted by: Sister_Lauren

Comments are closed-

Good Morning Rip Van Winkle!!!!
[Report this comment]
Posted by: Purple Girl on Jun 6, 2009 5:20 AM   
Current rating: 4    [1 = poor; 5 = excellent]
Did you Sleep Well over your 40 yr slumber?
The Theft began long ago, The Vaults were being pilferred ravenously since about the mid '80's. You've just woken up to discover they are now empty?
Oh Sweetheart - those who had not drank the 'sleeping Beauty' koolaid in the '80's called Trickle Down have been fighting this instutionalized/legalized Theft for decades. I think our opponents called US 'anti Capitalists','Free market haters'. When in Fact our goal was to Free the Free market for All, not just the Noble Family Crests Called Logos and their Blue Bloods.
Did you miss the correlation between the operating mechanism between Trickle Down and Feudalism? How both Monarchies and Dictatorships also use the process of 'Trickle Down' to explain their greed and hoarding.
Now your Panites are in a Twist? Your hair is ablaze? You're not only about 3 decades late but about several Trillion short in your cries that the 'sky is falling'- that process started under Reagan, and was the "Mission Accomplished" during the last Admin.
Do tell how can a 'Trickle Down' System work when those at the top are not required to recircualte the wealth generated by those who actually labor? Allowed tax cuts and Off shore accounts to stash their money away from prying eyes and needful hands? Ever wonder why the Term 'Trickle' was used and not 'Stream'. Lets be honest they tried to caulk up all the possible leaks they could find to retain their reservoir of siphoned off Wealth.No surprise when they dammed up the economic river the villages below died of lack of liquidity, dehydration.They not only screwed the Villagers, but the Gov'ts too- both State and Federal. As such I consider their acts not only crimes against the citizens of this country, but Economic Treason against the United States.
Freeze and Seize their Shit,convict them on High crimes and let the River Flow once again. Because the fact is that even though something is not Illegal does not mean it is not a mortal sin or wrong. No one forced these guys to be so greedy, or to empty the national vaults.
Beyond that the fact remains we must get liquidity flowing back to the villages, and the only one who can do that is the Federal Gov't with our credit line.
You do Realize the phrase 'Trickle Down' is attributed to the Humorist Will Rogers as an assessment of what caused the last Great Depression.
Only the Sleeping didn't see the inevitable end result of Trickle Down, and only the most greedy and Guilty expounded it's virtues.

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» RE: Freedom Rings Posted by: ron heringhauser

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My Project Plan Is So Important, HELP
[Report this comment]
Posted by: Jonalist on Jun 6, 2009 5:44 AM   
Current rating: 1    [1 = poor; 5 = excellent]
Thank You for bringing this topic to Alternet. I believe American's have a chance to turn the table without depending on Banking and it depends on whether we can startup a Foundation that can present our consumer's a batter chance at eliminating a monthly payment or more. Thinking about Electric Cars we see that we can eliminate the gasoline bill at branded stations or on our other branded credit cards but that really is not enough. My Project Plan would eliminate a monthly bill to consumer's that get their car converted from a gasoline internal engine to a electric car and protect their investment on a yearly warranty basis instead so that there is no down payment, no interest rates, no borrowing, and no monthly payment. All consumer's would need do is to continue their insurance plan which may become less expensive because their vehicle is a electric after conversion and pay the yearly warranty fee. What this warranty fee does is provides warranty on everything which is installed replacing everything in their vehicle thus insuring all that stuff for a year and provides a yearly inspection in order to determine those performance issues in case something needs to be replaced for free. I think this idea is a great one, to bad housing is not supported in such a way that a insured home gets a free inspection and something replaced if it got in a condition to need replacing every five years but that is another idea which could be worked on and would generate quite a new set or business ordinances to handle those situations. So back to My Project Plan 'The Electric Vehicle Free Conversion Foundation (EVFCF)'. This Foundation works for every consumer, there is no need for a consumer to be a member of some religious group in order to have their car converted for free, theres no need to startup other foundations so consumer's can qualify for this opportunity. There is a need to Push a Vote through our legal system so that the laws of Fees and Tax is changed to stop states from challenging the operation of this Project Plan, it must exist in all states for all consumer's but because of a litigation against a business opportunity such as 'Auto Disassembly' for some strange reasoning states want to add more to qualify to have such a business. In Alabama it is a Surity Bond of $10,000 plus a Power of Attorney to have such a business. When there must be at least 100 conversion facilities which do the disassembly of autos it does not derive a fair opportunity to anyone that could setup a Foundation supporting the Conversion Facilities with parts thus replacing what has been removed from consumer autos. Do the math yourself, that is a yearly expenditure by the way and would be to great a financial loss for the operation of the Foundation while the conversion facilities do not handle cash to or from the consumer's. I'll state it again, There's No Cash Flow Between Consumer's and The Foundation, if a Soda Pop or a condiment dealer wishes to sale their products out of a machine at the location they must handle the cash flow and they must apply for a license for their operation so space can be made available for those venders if the location desires to do that and again, There's No Cash Flow Between Vender's and The Foundation and No Earnings from Such Sales. That is the hangup, it is a financial responsibility that the Foundation must comply to for Consumer's and states should not interfere whatsoever so voice your vote against such legal Fees and Tax preventing The Foundation its legal right to exist in America.

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Hey...Wow
[Report this comment]
Posted by: Revolutionary (Direct) Democracy on Jun 6, 2009 6:05 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Let's all make a love circle and sing "Kumbaya". Then we'll vent on AlterNet and do nothing to actually change anything.

FREE AMERICA

REVOLUTIONARY (DIRECT) DEMOCRACY

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» RE: Hey...Wow Posted by: Katmandue

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The horse has gone...now start a campaign to make a bolt for the stable door.
[Report this comment]
Posted by: frankly1 on Jun 6, 2009 6:58 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Too late folks! The Wall street lackeys to the owners of our glorious Nation have alredy stolen our money, our childrens money and thier childrens money. They will not return any of it, ever. We have alredy recieved the bill. No one is going to jail (except a couple of sacraficial lambs to maintain the sham of some accountability). The bankers are now fully in control and they will use it as they always have, to get more! If there were a serious challenge to them they would simply pull the plug and let the whole system crash. They did it before! Debt slavery is the current American way and will be for along time.

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» Best of luck! Posted by: frankly1

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This Country's Economic Destruction is Set in Stone
[Report this comment]
Posted by: rastaman on Jun 6, 2009 9:15 AM   
Current rating: 5    [1 = poor; 5 = excellent]
the wheels were put in motion with Reagan, continued with Clinton and finally revealed through Bush.


if you think protests and phoning your congressperson is going to stop it......you're CLUELESS and don't know what PLANET you're on.


the only things that can stop this now are NATIONAL STRIKES and then, if that doesn't work, REVOLUTION.

but you can't rally a bunch of non participatory uneducated ZOMBIES like the american public.


WAKE UP

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» RE: Amen Sister Posted by: ron heringhauser

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Let's see...
[Report this comment]
Posted by: HalEBurton on Jun 6, 2009 10:13 AM   
Current rating: 5    [1 = poor; 5 = excellent]
We don't like the direction of our economic future...

We want to protest...

We want to appeal to our elected representatives...

Our elected representatives are owned by the banksters...

So we are asking the banksters to reverse course by appealing to their pawns...

Sure.

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Not exactly a multiple-choice question
[Report this comment]
Posted by: willymack on Jun 6, 2009 11:15 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Is it? If we don't stop Wall Street's colossal theft, where will we be next year?
Broke, that's where.

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For sure I'll attend
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Posted by: u2r1 on Jun 6, 2009 12:35 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
For once someone is actually trying to mobilize all of us sedentary winners to action that could, just could, grow into a movement against the banksters and is there approval and and solidarity ? Not really, just more winning, but I going to one of these meetings nevertheless.

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It's too late -- the banks already own us
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Posted by: nate on Jun 6, 2009 12:58 PM   
Current rating: 1    [1 = poor; 5 = excellent]
We're sunk.

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Reforms are long overdue
[Report this comment]
Posted by: reg373 on Jun 6, 2009 2:05 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
And the mega-banks have to be stabilized, they are too interconnected in the financial system we are all dependent on. After they are well, they should be broken up into smaller pieces so this cannot happen again - -- found a cool site; Balkingpoints ; incredible satellite view of earth

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» RE: Reforms are long overdue Posted by: photon's feather

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Forget about next year. NOW is the problem.
[Report this comment]
Posted by: John More on Jun 6, 2009 3:30 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Next year at the rate Obama and Congress are following that shithead Dubya, we'll all be armed and ready to strike back. We the people are arming ourselves because we don't trust the fucking government currently in bed with Wall Street. Your government doesn't want to help you so shut up and buy yourselves a few tough guns and learn self-defense and sharp shooting. That's the only way we're gonna stop Wall Street and its enablers in Washington !

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IN ANSWER TO YOUR ORIGINAL QUESTION
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Posted by: joeocho88 on Jun 6, 2009 4:55 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
THE SAME BUNCH OF CRIMINALS WILL BE BACK BEGGING FOR MORE MONEY.

AND THEY SHOULD HAVE ALL BEEN SENT TO A CHINESE PRISON WHERE THEY WOULD HAVE HAD TO REALLY WORK FOR A LIVING!

ESPECIALLY THAT COCKROACH BERNARD MADOFF.

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Money is the best secret police.
[Report this comment]
Posted by: archives@uwyo.edu on Jun 6, 2009 5:22 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
We will be broke and enslaved.

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» Where's Spartacus?? Posted by: thekidde

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Not fitting the paradigm
[Report this comment]
Posted by: Perry Logan on Jun 7, 2009 2:40 AM   
Current rating: 4    [1 = poor; 5 = excellent]
"The wheels were put in motion with Reagan, continued with Clinton and finally revealed through Bush."

This is an oft-heard meme. But it's easy to disprove, especially in the case of Bill Clinton.

Clinton inherited the biggest deficit in U.S. history, compliments of Reagan and Bush I. Eight years later, he handed Bush II the biggest surplus in U.S. history.

This confutes the belief that Clinton was in on the takeover.

A quick look at the Clinton record further destroys the idea. The poverty level dropped under Clinton. There was higher income at all levels. The nation was peaceful and prosperous. Welfare rolls hit an all-time low. The violent crime rate dropped for eight straight years.

You'll notice none of this fits the "bankers run the country" analogy. That's why people tend to ignore it. ;)

Another little-known but highly significant fact is that the Clinton Administration opposed repeal of Glass-Steagall.

It's true. Clinton signed the bill only because it had a veto-proof majority in a Republican-controlled Congress. Apparently someone forgot to tell him he works for the bankers!


Swine

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» RE: Not fitting the paradigm Posted by: John More
» RE: Not fitting the paradigm Posted by: MyLeftFoot

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NO ! NO!
[Report this comment]
Posted by: master09 on Jun 7, 2009 2:57 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
You guys got it all wrong it's all those ,black people, poor people,mexicans,democrates, republicans ,american idol,rush,hannity,liberal,conservative,religous right, Medicare care ,social security and the education department this stuff just cost too much; Oh ! and don't forget profits with just a touch of greed ; so to my way of thinking the only thing left is a revolution but this time we will call it a race war we don't want to get the two confused we just want to get all those bad people. When I think about all the thing that this country has endure for the past 8 years and what it is up against now from where I sit Obama is the last best hope whether you like him or not but as usual we will vote against our best interest and blame those that are less fortunate among us; America will fail and Chinese will rule the world until its total destruction, so there I've said it. The word for today is "Rev Wrght"

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You want to actually DO something?
[Report this comment]
Posted by: ReallyBearish on Jun 7, 2009 11:04 PM   
Current rating: 5    [1 = poor; 5 = excellent]
Then vote with your pocketbook. Buy gold and silver. Wall Street and the Fed is falling all over themselves to undermine the price of these two metals. JP Morgan Chase and one other bank are short hundreds of millions of oz of silver and gold. Goldman Sachs is running all kinds of suppression schemes against precious metals. Buying physical metal is the LAST thing they want you to do.

Buy the physical metal and send them a message where it counts.

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DEAR TIFFANY
[Report this comment]
Posted by: VZEQICVA on Jun 8, 2009 7:55 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Please try to confine your writing to subjects that you know something about. Don't pick a subject and then direct me to countless other sites which I can find myself. Don't feel obligated to jump on the "Wall St. Wagon" when you know nothing about it. There's alot of interesting stuff going on out there. ANNA

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Charlie Peters
[Report this comment]
Posted by: Charlie Peters on Jun 9, 2009 2:53 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
I have 2 , $2 bills, first says Federal Note the other says Federal Reserve Note can someone tell me the differance?

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REASON FOR MEDIA UNREST STARTING
[Report this comment]
Posted by: reelman on Jun 11, 2009 3:33 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
REASON FOR MEDIA UNREST STARTING

So it seems that even the traditional biased left networks are NOW allowing interviewers to ask non-fawning questions. Why are guys like Obama, Pelosi and Frank dissing the media by refusing questions, walking away recently?

Permit me put forth my theory…tens of millions of workers (liberals and liberal reporters included) have retirement programs.
They are true believers in this historic democrat despite his radical past, serial lying and inexperience BUT that was a trillion (make that 9 trillion) borrowed dollars ago. They see the incredible debt, hear the excuses and watch the Dow.

As I predicted here and to many others last year…come June 2009 many voters will tire of seeing this stagnation. Tired of their retirement funds being hundreds of thousands down. Tired of the Dow and employment figures. They are simply tired of the management of this economy by this administration. They are restless and smiling promises do not feed the bulldog or the stock market.

Voters know in their gut that the next natural phase is considerable taxation. They know taxes were not cut and spending is out of control.
Voters know at this rate that “retirement dream” is now at least 5 years further away than planned. The staunchest lefty is not a happy camper with this current realization. Saying you are “so busy with foreign affairs” or demanding health care “reform” to emerge from the recession also does not calm voter economic concerns.

The “juke and jive” phase of J. Carter Obama will officially be over come Independence Day. Mark it. Stick a fork in it. Its done.

http://conservablogs.com/theconservativecrawfish

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Alternet Comments:

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You Are Not Aiming High Enough, The Federal Reserve is the Problem!
[Report this comment]
Posted by: Alcinor on Jun 6, 2009 2:18 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Tiffiny, appreciate the long overdue effort to educate the public on the evils of the banks.

But going after Wall St is like blaming the torture at Abu Ghraib on Lindy England.

The real problem is the International Bankers who own and control the Federal Reserve Bank, which is as Federal as Federal Express!

The Fed has engineered our current financial collapse as well as the First Great Depression and every other recession, panic, boom and bust since it was foisted on us by European Bankers aided by their American henchmen in 1913.

"From now on, depressions will be scientifically created." -- Congressman Charles A. Lindbergh Sr. , 1913

The Fed loans the US Treasury every single dollar in existence, in open violation of the US Constitution, which says that only the Treasury can issue currency.

Take a look at any bill in your pocket, on its face it says, "Federal Reserve Note." A note is evidence of a debt, which is to be repaid with interest to the Fed. This is the debt that constitutes the National Debt!!

Would it make sense for one branch of government to shackle another with such onerous debt? No, the income taxes that the IRS collects from us, is interest on that debt that goes straight into the coffers of the Bankers who own the Fed!

I know this is outlandish, but it is an open secret that few have the Balls to discuss and there are good reasons for this. (See Cong Louis T. McFadden, R. Pa) Ron Paul knows the truth and is an exception.

Learn the truth and spread the word, the hour is late already. See http://TheMoneyMasters.com you will learn how US citizens became slaves of the International Bankers. Also read "The Creature From Jekyl Island" by Griffith, the story of the meeting of International Bankers in 1910 that spawned the Fed in 1913. Ironically, just last month, the Fed convened a meeting on Jekyl Island!

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford

Let's all learn everything we can and spread the word as far and as wide as possible, (by the way, MSM will Not Touch this subject!) and stop the Banker's from achieving the New World Order that will complete their enslavement of the World!

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» RE: So how do you think we are doing? Posted by: Sister_Lauren
» RE: So how do you think we are doing? Posted by: Sister_Lauren
» RE: You nailed it! Posted by: ron heringhauser
» RE: On a scale from 1 to 10 Posted by: Sister_Lauren

Comments are closed-

Good Morning Rip Van Winkle!!!!
[Report this comment]
Posted by: Purple Girl on Jun 6, 2009 5:20 AM   
Current rating: 4    [1 = poor; 5 = excellent]
Did you Sleep Well over your 40 yr slumber?
The Theft began long ago, The Vaults were being pilferred ravenously since about the mid '80's. You've just woken up to discover they are now empty?
Oh Sweetheart - those who had not drank the 'sleeping Beauty' koolaid in the '80's called Trickle Down have been fighting this instutionalized/legalized Theft for decades. I think our opponents called US 'anti Capitalists','Free market haters'. When in Fact our goal was to Free the Free market for All, not just the Noble Family Crests Called Logos and their Blue Bloods.
Did you miss the correlation between the operating mechanism between Trickle Down and Feudalism? How both Monarchies and Dictatorships also use the process of 'Trickle Down' to explain their greed and hoarding.
Now your Panites are in a Twist? Your hair is ablaze? You're not only about 3 decades late but about several Trillion short in your cries that the 'sky is falling'- that process started under Reagan, and was the "Mission Accomplished" during the last Admin.
Do tell how can a 'Trickle Down' System work when those at the top are not required to recircualte the wealth generated by those who actually labor? Allowed tax cuts and Off shore accounts to stash their money away from prying eyes and needful hands? Ever wonder why the Term 'Trickle' was used and not 'Stream'. Lets be honest they tried to caulk up all the possible leaks they could find to retain their reservoir of siphoned off Wealth.No surprise when they dammed up the economic river the villages below died of lack of liquidity, dehydration.They not only screwed the Villagers, but the Gov'ts too- both State and Federal. As such I consider their acts not only crimes against the citizens of this country, but Economic Treason against the United States.
Freeze and Seize their Shit,convict them on High crimes and let the River Flow once again. Because the fact is that even though something is not Illegal does not mean it is not a mortal sin or wrong. No one forced these guys to be so greedy, or to empty the national vaults.
Beyond that the fact remains we must get liquidity flowing back to the villages, and the only one who can do that is the Federal Gov't with our credit line.
You do Realize the phrase 'Trickle Down' is attributed to the Humorist Will Rogers as an assessment of what caused the last Great Depression.
Only the Sleeping didn't see the inevitable end result of Trickle Down, and only the most greedy and Guilty expounded it's virtues.

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» RE: Freedom Rings Posted by: ron heringhauser

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My Project Plan Is So Important, HELP
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Posted by: Jonalist on Jun 6, 2009 5:44 AM   
Current rating: 1    [1 = poor; 5 = excellent]
Thank You for bringing this topic to Alternet. I believe American's have a chance to turn the table without depending on Banking and it depends on whether we can startup a Foundation that can present our consumer's a batter chance at eliminating a monthly payment or more. Thinking about Electric Cars we see that we can eliminate the gasoline bill at branded stations or on our other branded credit cards but that really is not enough. My Project Plan would eliminate a monthly bill to consumer's that get their car converted from a gasoline internal engine to a electric car and protect their investment on a yearly warranty basis instead so that there is no down payment, no interest rates, no borrowing, and no monthly payment. All consumer's would need do is to continue their insurance plan which may become less expensive because their vehicle is a electric after conversion and pay the yearly warranty fee. What this warranty fee does is provides warranty on everything which is installed replacing everything in their vehicle thus insuring all that stuff for a year and provides a yearly inspection in order to determine those performance issues in case something needs to be replaced for free. I think this idea is a great one, to bad housing is not supported in such a way that a insured home gets a free inspection and something replaced if it got in a condition to need replacing every five years but that is another idea which could be worked on and would generate quite a new set or business ordinances to handle those situations. So back to My Project Plan 'The Electric Vehicle Free Conversion Foundation (EVFCF)'. This Foundation works for every consumer, there is no need for a consumer to be a member of some religious group in order to have their car converted for free, theres no need to startup other foundations so consumer's can qualify for this opportunity. There is a need to Push a Vote through our legal system so that the laws of Fees and Tax is changed to stop states from challenging the operation of this Project Plan, it must exist in all states for all consumer's but because of a litigation against a business opportunity such as 'Auto Disassembly' for some strange reasoning states want to add more to qualify to have such a business. In Alabama it is a Surity Bond of $10,000 plus a Power of Attorney to have such a business. When there must be at least 100 conversion facilities which do the disassembly of autos it does not derive a fair opportunity to anyone that could setup a Foundation supporting the Conversion Facilities with parts thus replacing what has been removed from consumer autos. Do the math yourself, that is a yearly expenditure by the way and would be to great a financial loss for the operation of the Foundation while the conversion facilities do not handle cash to or from the consumer's. I'll state it again, There's No Cash Flow Between Consumer's and The Foundation, if a Soda Pop or a condiment dealer wishes to sale their products out of a machine at the location they must handle the cash flow and they must apply for a license for their operation so space can be made available for those venders if the location desires to do that and again, There's No Cash Flow Between Vender's and The Foundation and No Earnings from Such Sales. That is the hangup, it is a financial responsibility that the Foundation must comply to for Consumer's and states should not interfere whatsoever so voice your vote against such legal Fees and Tax preventing The Foundation its legal right to exist in America.

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Hey...Wow
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Posted by: Revolutionary (Direct) Democracy on Jun 6, 2009 6:05 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Let's all make a love circle and sing "Kumbaya". Then we'll vent on AlterNet and do nothing to actually change anything.

FREE AMERICA

REVOLUTIONARY (DIRECT) DEMOCRACY

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» RE: Hey...Wow Posted by: Katmandue

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The horse has gone...now start a campaign to make a bolt for the stable door.
[Report this comment]
Posted by: frankly1 on Jun 6, 2009 6:58 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Too late folks! The Wall street lackeys to the owners of our glorious Nation have alredy stolen our money, our childrens money and thier childrens money. They will not return any of it, ever. We have alredy recieved the bill. No one is going to jail (except a couple of sacraficial lambs to maintain the sham of some accountability). The bankers are now fully in control and they will use it as they always have, to get more! If there were a serious challenge to them they would simply pull the plug and let the whole system crash. They did it before! Debt slavery is the current American way and will be for along time.

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» Best of luck! Posted by: frankly1

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This Country's Economic Destruction is Set in Stone
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Posted by: rastaman on Jun 6, 2009 9:15 AM   
Current rating: 5    [1 = poor; 5 = excellent]
the wheels were put in motion with Reagan, continued with Clinton and finally revealed through Bush.


if you think protests and phoning your congressperson is going to stop it......you're CLUELESS and don't know what PLANET you're on.


the only things that can stop this now are NATIONAL STRIKES and then, if that doesn't work, REVOLUTION.

but you can't rally a bunch of non participatory uneducated ZOMBIES like the american public.


WAKE UP

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» RE: Amen Sister Posted by: ron heringhauser

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Let's see...
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Posted by: HalEBurton on Jun 6, 2009 10:13 AM   
Current rating: 5    [1 = poor; 5 = excellent]
We don't like the direction of our economic future...

We want to protest...

We want to appeal to our elected representatives...

Our elected representatives are owned by the banksters...

So we are asking the banksters to reverse course by appealing to their pawns...

Sure.

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Not exactly a multiple-choice question
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Posted by: willymack on Jun 6, 2009 11:15 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Is it? If we don't stop Wall Street's colossal theft, where will we be next year?
Broke, that's where.

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For sure I'll attend
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Posted by: u2r1 on Jun 6, 2009 12:35 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
For once someone is actually trying to mobilize all of us sedentary winners to action that could, just could, grow into a movement against the banksters and is there approval and and solidarity ? Not really, just more winning, but I going to one of these meetings nevertheless.

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It's too late -- the banks already own us
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Posted by: nate on Jun 6, 2009 12:58 PM   
Current rating: 1    [1 = poor; 5 = excellent]
We're sunk.

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Reforms are long overdue
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Posted by: reg373 on Jun 6, 2009 2:05 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
And the mega-banks have to be stabilized, they are too interconnected in the financial system we are all dependent on. After they are well, they should be broken up into smaller pieces so this cannot happen again - -- found a cool site; Balkingpoints ; incredible satellite view of earth

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» RE: Reforms are long overdue Posted by: photon's feather

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Forget about next year. NOW is the problem.
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Posted by: John More on Jun 6, 2009 3:30 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Next year at the rate Obama and Congress are following that shithead Dubya, we'll all be armed and ready to strike back. We the people are arming ourselves because we don't trust the fucking government currently in bed with Wall Street. Your government doesn't want to help you so shut up and buy yourselves a few tough guns and learn self-defense and sharp shooting. That's the only way we're gonna stop Wall Street and its enablers in Washington !

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IN ANSWER TO YOUR ORIGINAL QUESTION
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Posted by: joeocho88 on Jun 6, 2009 4:55 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
THE SAME BUNCH OF CRIMINALS WILL BE BACK BEGGING FOR MORE MONEY.

AND THEY SHOULD HAVE ALL BEEN SENT TO A CHINESE PRISON WHERE THEY WOULD HAVE HAD TO REALLY WORK FOR A LIVING!

ESPECIALLY THAT COCKROACH BERNARD MADOFF.

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Money is the best secret police.
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Posted by: archives@uwyo.edu on Jun 6, 2009 5:22 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
We will be broke and enslaved.

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» Where's Spartacus?? Posted by: thekidde

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Not fitting the paradigm
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Posted by: Perry Logan on Jun 7, 2009 2:40 AM   
Current rating: 4    [1 = poor; 5 = excellent]
"The wheels were put in motion with Reagan, continued with Clinton and finally revealed through Bush."

This is an oft-heard meme. But it's easy to disprove, especially in the case of Bill Clinton.

Clinton inherited the biggest deficit in U.S. history, compliments of Reagan and Bush I. Eight years later, he handed Bush II the biggest surplus in U.S. history.

This confutes the belief that Clinton was in on the takeover.

A quick look at the Clinton record further destroys the idea. The poverty level dropped under Clinton. There was higher income at all levels. The nation was peaceful and prosperous. Welfare rolls hit an all-time low. The violent crime rate dropped for eight straight years.

You'll notice none of this fits the "bankers run the country" analogy. That's why people tend to ignore it. ;)

Another little-known but highly significant fact is that the Clinton Administration opposed repeal of Glass-Steagall.

It's true. Clinton signed the bill only because it had a veto-proof majority in a Republican-controlled Congress. Apparently someone forgot to tell him he works for the bankers!


Swine

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» RE: Not fitting the paradigm Posted by: John More
» RE: Not fitting the paradigm Posted by: MyLeftFoot

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NO ! NO!
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Posted by: master09 on Jun 7, 2009 2:57 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
You guys got it all wrong it's all those ,black people, poor people,mexicans,democrates, republicans ,american idol,rush,hannity,liberal,conservative,religous right, Medicare care ,social security and the education department this stuff just cost too much; Oh ! and don't forget profits with just a touch of greed ; so to my way of thinking the only thing left is a revolution but this time we will call it a race war we don't want to get the two confused we just want to get all those bad people. When I think about all the thing that this country has endure for the past 8 years and what it is up against now from where I sit Obama is the last best hope whether you like him or not but as usual we will vote against our best interest and blame those that are less fortunate among us; America will fail and Chinese will rule the world until its total destruction, so there I've said it. The word for today is "Rev Wrght"

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You want to actually DO something?
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Posted by: ReallyBearish on Jun 7, 2009 11:04 PM   
Current rating: 5    [1 = poor; 5 = excellent]
Then vote with your pocketbook. Buy gold and silver. Wall Street and the Fed is falling all over themselves to undermine the price of these two metals. JP Morgan Chase and one other bank are short hundreds of millions of oz of silver and gold. Goldman Sachs is running all kinds of suppression schemes against precious metals. Buying physical metal is the LAST thing they want you to do.

Buy the physical metal and send them a message where it counts.

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DEAR TIFFANY
[Report this comment]
Posted by: VZEQICVA on Jun 8, 2009 7:55 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Please try to confine your writing to subjects that you know something about. Don't pick a subject and then direct me to countless other sites which I can find myself. Don't feel obligated to jump on the "Wall St. Wagon" when you know nothing about it. There's alot of interesting stuff going on out there. ANNA

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Charlie Peters
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Posted by: Charlie Peters on Jun 9, 2009 2:53 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
I have 2 , $2 bills, first says Federal Note the other says Federal Reserve Note can someone tell me the differance?

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REASON FOR MEDIA UNREST STARTING
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Posted by: reelman on Jun 11, 2009 3:33 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
REASON FOR MEDIA UNREST STARTING

So it seems that even the traditional biased left networks are NOW allowing interviewers to ask non-fawning questions. Why are guys like Obama, Pelosi and Frank dissing the media by refusing questions, walking away recently?

Permit me put forth my theory…tens of millions of workers (liberals and liberal reporters included) have retirement programs.
They are true believers in this historic democrat despite his radical past, serial lying and inexperience BUT that was a trillion (make that 9 trillion) borrowed dollars ago. They see the incredible debt, hear the excuses and watch the Dow.

As I predicted here and to many others last year…come June 2009 many voters will tire of seeing this stagnation. Tired of their retirement funds being hundreds of thousands down. Tired of the Dow and employment figures. They are simply tired of the management of this economy by this administration. They are restless and smiling promises do not feed the bulldog or the stock market.

Voters know in their gut that the next natural phase is considerable taxation. They know taxes were not cut and spending is out of control.
Voters know at this rate that “retirement dream” is now at least 5 years further away than planned. The staunchest lefty is not a happy camper with this current realization. Saying you are “so busy with foreign affairs” or demanding health care “reform” to emerge from the recession also does not calm voter economic concerns.

The “juke and jive” phase of J. Carter Obama will officially be over come Independence Day. Mark it. Stick a fork in it. Its done.

http://conservablogs.com/theconservativecrawfish

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