Forum Post: A Public Central Bank - On Reclaiming Our Central Bank And Monetary Policy -
Posted 8 months ago on Aug. 22, 2012, 4:36 p.m. EST by ExposeTheOligarchs
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"The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe." ~ Abraham Lincoln
Clearly, a public central bank is a subject many go to great lengths to avoid today. In fear for their status and position they quickly poo-poo the idea - and this, as if the founders were idiots!
Yet, in this crisis, for the first time in my memory we have more people now realizing the real nature of the problem - and so considering the very idea of a public central bank and returning to a Constitutional setup. Despite the massive debt and interest set upon the public the very malady-causing institution remains private and without audits of either institution or its mega-rich and powerful owners. To complete the coup, members of its own fed-owning institutions (Goldman-Sachs, et.al.) serve as "our" Treasury Secretaries in what is a massive conflict of interest and ongoing effort to forestall any public interest or power in their system.
Full Article here....
http://www.publiccentralbank.com/
Expose the Oligarchy!!!
A Union Reserve Bank can be established in the 24 ballot initiative states immediately freeing nearly half the country from the fed.
http://occupywallst.org/forum/free-democracy-amendment/
It's really all in the hands of the people if they should truly want it.
Remaking FED, Public banks
http://www.truth-out.org/opinion/item/15781-remaking-the-federal-reserve-public-banks-and-opting-out-of-wall-street
The answer
"What we must remember is that what is behind much of the wars, the hunger, the suffering and strife is an economic and banking system, worldwide, that exploits the many at the hands of the few." Amen and using this essential comment by bw on this thread to cross fertilise this important thread by 'EtO' with this one by you LeoYo :
One never knows for sure but one hopes that someone, somewhere at sometime - may read, realise and repeat what they may encounter here for the betterment of all. Hubris much lolol ?! Solidarity !!
per aspera ad astra ...
Too bad we have a bought-off congress and president, who protect their benefactors on Wall Street at every turn. The big banks should have never been bailed out. Now they are bigger and more arrogant than ever before. The banksters have learned that they are untouchable because the Federal Reserve, the U.S. Treasury, the U.S. Justice Department, and market regulators consider bringing them to justice for criminal fraud and criminal negligence a systemic threat to our financial system. Actually, that is simply an excuse to protect their financial contributors and everybody knows it. Meanwhile, Main Street Americans have suffered the consequences of Wall Street greed and are beyond angry that the elitists who inflicted ongoing economic damage on them remain above the law and continue to prosper at our expense.
Looks Great ... study it tonight ..
Re. Public Banking, also for perusal :
"Bail-out Is Out, Bail-in Is In : Another Argument for Publicly-Owned Banks", by Ellen Brown : http://www.informationclearinghouse.info/article34773.htm & ...
http://www.publicbankinginamerica.org/ (re.Public Banking conference).
fiat lux ...
Expose the Oligarchs!! Start public banks/grow consumer unions
End the Fed
http://seekingalpha.com/article/1220301-how-the-fed-could-fix-the-economy-and-why-it-hasn-t?source=yahoo
Re. 'OWS', 'Banking and Banksterism' is THE Key Issue around which almost everyone from Anarchists, Socialists, Liberals, Conservatives and Libertarians & many points inbetween can unite around ... and 'The 0.01% Parasite Class' know it !!!
When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked - questions like : Where does money come from ? Who creates it ? Who decides how it gets used ? And what does that mean for the millions of ordinary people who suffer when money and finance breaks down ?
People should have an opportunity to bank with ethical and perhaps publicly owned banks. The very best ethical practices should be present in the 'market place' and should be encouraged, incentivised, promoted and rewarded 'in the market place' so We, The People - The 99% - can make informed choices and arguably only 'Publicly Owned Banks' can do this - which is exactly why The Infernal Banksters will fight this idea tooth and nail !!!
Further, some other points on the matter of 'Publicly Owned Banks', which would allow :
1) The Democratic Accountability & Oversight over such behaviour as led to The 2008 Financial Crisis ;
2) Prevention of a culture of short-termism, 'moral-hazard', 'perverse incentives' and 'regulatory capture' ;
3) Profits to be ploughed back into "Society" rather than to 'private shareholders' (Foreign or otherwise) ;
4) Driving out 'bad banking practice rewarding greed' and favour & instil 'ethical' practices and behaviour ;
5) Genuine rewarding of savers - NOT fleecing them and driving them towards 'sharks' ;
6) A far more fair, rational, longer-term & more socially responsible outlook for lending ;
7) The urgent reintroduction of 'Glass Steagal' and a "Financial Transaction/Tobin Tax" ;
8) Reigning in dubious practices ("Innovative Financial Products" - CDOs, CDS's, 'Mortgage Backed Securities', et al & fraudulent behaviour - Bernie Madoff, Jon Corzine/MF Global, PMF, 'LIBOR' etc ;
9) Re-instilling Public Confidence by Accepting / Realising that Banking & Financial Services can NOT just be left to 'Selfish Short-Term Profit Motives' & Banking to be seen as a 'Strategic Public Utility', & ...
10) Have you ever heard of 'The State Owned "Bank Of North Dakota" ? & IF NOT, then why not d'you think ? ( http://en.wikipedia.org/wiki/Bank_of_North_Dakota and http://banknd.nd.gov/ ) ;
There is some degree of overlap in my points and almost guaranteed that one could argue the toss, so I end with something more substantial to read, reflect and ruminate upon :
radix omnium malorum est cupiditas ...
A new bit on public banking to resurrect this good concept/post.
http://www.nationofchange.org/public-banking-yes-we-can-have-banks-work-people-1364652371
FYI
"The politics depends on us.
"Wall Street interests will oppose public banking, of course, and their lobby is overwhelmingly powerful. But banking lobbies have been defeated before. Let’s hope it doesn’t take another crisis – or worse – to create the political will to fight them.
"Public banking isn’t complicated.
"Fundamentally, this isn’t a complicated idea. It boils down to a very simple principle: We control our currency, and for too long we’ve ceded that control to corruptible private parties.
"Private-sector bankers should run banks, not the economy. Public banking can help to reinvigorate economic growth while restoring balance to our financial system."
Excerpted from your excellent link. Thanx & also fyi :
"Debt = Serfdom", by Charles Hugh-Smith : http://www.informationclearinghouse.info/article34487.htm & ...
http://occupywallst.org/forum/why-is-socialism-doing-so-darn-well-in-deep-red-no/ .
fiat lux ...
Excellent description of bankster power/control. (like the StarWars ref)
I have said we ought to punish banks (for the crimes of the crash) by forcing abolishment of at least 50% of high interest credit card principle for working class borrowers. Also cap interest at 9%, Fees penalties cut to 5-10 bucks,
In addition I support building up public bank/consumer union lending industries to be real competitors. That means govt (Fed?) capitalizing them over big banksters. And encourage these small banks to take over debt at much lower rates.
Imagine if these smaller institutions were really competitive when banksters mugged us by saying all lending will stop during the crash in 2008.
Certainly I don't really have the answers and my suggestions are long shots to achieve but we must agitate for real change in the bankster cartel.
Thx as always
There's no option to constant agitation and education in the hope that enough of us will come together and start to organise and I also append :
From which I excerpt : "In America and everywhere in the Western world or the entire world, telling the truth is unpopular. Indeed, in the USA telling the truth has been criminalized. Look for example at Bradley Manning, held for two years in prison without bail and without a trial in violation of the US Constitution, tortured for one year of his illegal confinement in violation of US and international law, and now put on trial by corrupt prosecutors for aiding “enemies of the US” by revealing the truth, as required of him by the US military code. US soldiers are required to report war crimes. When Bradley Manning’s superiors showed themselves to be indifferent to war crimes, Manning reported the crimes via WikiLeaks. What else does a soldier with a sense of duty and a moral conscience do when the chain of command is corrupt?
"Julian Assange is another example. WikiLeaks has taken up the reporting function that the Western media has abandoned. Remember, the New York Times did publish the Pentagon Papers in 1971, which undermined the lies Washington had told both to the public and to Congress to justify the costly Vietnam War. But today no newspaper or TV channel any longer accepts the responsibility to truthfully inform the public. Julian Assange stepped into the vacuum and was immediately demonized, not merely by Washington but also by left-wing and right-wing media, including Internet. It was a combination of jealousy, ignorance, and doing Washington’s bidding. Without WikiLeaks and Assange the world would know essentially nothing. Spin from Washington, the presstitute media, and the puppet state medias would prevail. So the word went out to destroy Julian Assange.
"In contrast with “freedom and democracy” US and UK, the “authoritarian,” “communist,” “oppressive” Chinese government when confronted with Chinese dissident Chen Guangcheng’s defection to the US embassy in Beijing, let him go. It is an upside down world when America and the British refuse to obey international law, but the Chinese communists uphold international law."
e tenebris, lux ?
Yes I totally agree, "There's no option to constant agitation and education..."
~Odin~
"The Economy Unites Us: What’s wrong with the economy and how we can fix it", by Margaret Flowers and Kevin Zeese :
"Democratized economic institutions are being put in place throughout the world and support for a democratized economy is growing within the US. Given the current risks for another recession or perhaps another crash in the US, these systems may serve as protection from increased poverty that would otherwise be the result."
Solidarity @ The 99% struggle.
per ardua ad astra ...
I woud have expected something like this from the cons, but for this to be Obama's plan, Wow, it's outrageous!
~Odin~
I'm assuming your reply was to Richard Eskow's excellent article above. For your further consideration in due course, I append the following 'cause it sits so well here & 'cause it goes to the heart of matters :
Consider : "The future lies in building bridges within and between the millions of exploited, excluded and dispossessed who have lost everything and have finally recognized that only via the class struggle can they recover their humanity and a dignified standard of living."
pax, amor et lux ...
Buiding Bridges both within and outside of Occupy will be paramount to our success
While the divides that we have had with many of the groups we will need in our struggle were promoted by the corrupt neoliberal system
We cannot honestly go on, until we recognize our own culpability in having abandoned mostly minorities who felt the extemely detrimental consequences of this system long before most of us of 'white privlege' did
When these wounds are healed and they will be, our opponents will be dealing with a very formidable foe
The community Beyond The Bars workshop that i attended at Columbia University last week which dealt with immigration, incarceration and the negative effects it had on society was proof positive to me that good people from all walks of life are working hard to see that those wounds get healed
Professor Petras summation to his article reminded me of another closing to a speech, first Petras again, "The future lies in building bridges within and between the millions of exploited, excluded and disposessed who have lost everything and have finally recognized that only via the class struggle can they recover their humanity and a dignified standard of liiving."
Now Rose Scheiderman's closing to a speech she made at the Old Metropolitan Opera House on April 2nd, 1911. "I know from my experience it is up to the working people to save themselves. The only way they can save themselves is by a strong working-class movement."
Then a few days ago Frontline aired a comprehensive doc on how the Drug Wars (not available on line yet) targeted minorities from the beginning, and it showed how inner city communities were being torn apart by policies that did far more harm than they did good
Anyway Ms. Scheiderman's prescription for her stuggle's success transcends time as evidenced by Professor Petras recent composition
We should heed their advice if we ever hope to overturn the "class struggle" that has been waged on us
~Odin~
Many thanx for this thoughtful and thought provoking reply and I again submit your important link :
Furthermore, your bold quote in bold ;-) deserves repetition and real reflection :
Therefore, accordingly I am appending herewith :
Solidarity @ you, yours and all @ OTS & OWS.
dum spiro, spero ...
Thanks shadz for that great link. I like the way that Mr Alpervitz presented the options of the different kinds of political systems, stating both the possible pros and cons, as well as the possibiltiy of hybrid systems
He seems to be in the same place as I am in at this point, as he seems to know that "capitalism" is not worth saving, and we should start looking for something new
Having "capitalism run amuck like it has, hence having caused so much pain world-wide has served to create the 'crisis' we are in, and the opportunity we need to make the changes we must,
The reasons though for looking for alternatives go far beyond economic and political ones alone, but also into the most important one, and that is having a sustainable world where we can have a healthy environment, and
The fact that near double the people have looked up the terms "capitalism" and "socialism" in the 2012 Merriam Webster's on line dictionary is a good sign that people are beginning to look at not only "socialism" in a new light, but the need alone to do 'something,' as to do 'nothing' is no longer an option
That combined with the fact that people between the ages of 18-29 have a "favorable reaction to the term "socialism" by a margin of 49 to 43% ...well that portends very well for our struggle
In order for us to get the broad-based support that we need, and to change the dialogue, we must keep this a non-partisan movement,
Otherwise we will just be reviving the hate-filled politics of the past that has got us to where we are now, and will hinder us in moving forward, and having the 'climate' we need in searching for and implementing the new ideas to address the dire straits we are in
Solidarity - ~Odin~
Edited 4/18/13 - this link added from an April, 2012 post
http://occupywallst.org/forum/can-capitalism-ever-be-reformed-enough-to-take-us-/
Yes, "the fact that people between the ages of 18-29 have a "favorable reaction to the term "socialism" by a margin of 49 to 43% ...well that portends very well for our struggle" and thanx for your link and thought provoking comment. I reply with & strongly recommend this half hour of very interesting audio :
fiat lux et fiat justitia ...
Thanks for the audio interview with Francis Wheen, the biographer of Karl Marx. It was very enlightening to me.
The "proletariat" is awkening to the emergence of slimey "capitalism" and the detrimental effects of "exploitation and alienation" that it promotes
"Take Heart' shadz in knowing that many of the people that are close to the heart of our rev are bright and determined
One OWS 'projectionist' (?) who through consensual agreement changed their plans on a 'dime' after the recent (April 15th Tax Day) tragedy, at the Boston Marathon
Said OWS's own 'Lucky', "We remembered how there was this unified moment of 9/11 that quickly became a culture of fear and a culture of war"
"...the collective decided the message should change into something people could unite around"
"To take those symbols of rivalry [Yankees vs Red Sox] and unite them and show that we are here in unity. It was a really beautiful moment."
This lovely young man who was educated down the road from you shadz at Cambridge is typical to the Occupy that I know,
And the fact that you are very likely to find him in an old dilapidated warehouse at night working on OWS projects with other bright dedicicated OWS people ....(where i found him one night when I escorted a young woman there)....after working as a cancer researcher at a prestigious uni hospital during the day ... well that should be 'heartening' to all of us
Just as his parents were 'Lucky' to have him as a son, we are extrememly 'Lucky' to have him and so many other people like him on our side
I feel honored to have called him a friend for the past 18 months now, and I still owe him a one more promised pitcher of lager for having given up his freedom for our cause
http://www.theatlanticwire.com/national/2013/04/how-occupy-wall-street-lit-brooklyn-love-boston/64282/
~Odin~
Many thanks to the Verizon Corporation for ....errr letting us project our past messages on the side of their building....lol
I highly recommend the NPR interview with Francis Wheen as well as your excellent link. Thanx again for the heart centred report from the front lines. Big Style Solidarity @ you & OTS :-) & back on point :
http://publicbankinginstitute.org/home.htm ;
http://en.wikipedia.org/wiki/German_public_bank & ...
"Obama and the Class War", by Margaret Kimberley http://www.informationclearinghouse.info/article34673.htm .
veritas vos liberabit ...
Who do you think sent me this?
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odinson said 11 hours ago at April 17, 2013, 5:02 p.m. EST (delete) You're outa luck, Senate 54 to 46....Ya lose!!!
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So you think some moniker usurper like this ''odinson'' points to it being Odin ?!!! Then you think that whining to me is warranted despite our recent contretemps on : http://occupywallst.org/forum/president-obama-dont-cut-social-security/ ?!! Are you for real ?!
Read and meditate upon what Zendog has said here and read Odin's comment above. IF you are still none the wiser, don't hesitate to seek urgent medical help. I'll diagnose your need for that straight from your own words : http://occupywallst.org/forum/president-obama-dont-cut-social-security/#comment-959110 and leave it at that. So much for your facts being fun and don't bring your petty personal prejudices to me again or else I may get petty and personal !!
verum ex absurdo ...
so you're sexiest too, thinking only women can be little bitches? this will be fun, saddle up
http://occupywallst.org/forum/search/?q=user%3Ashadz66
http://occupywallst.org/forum/search/?q=user%3Afactsrfun
Hey factsRfukt ! Are you trying to measure up ?!! I'm about 6" but as per your links - it could be more about girth and staying power than just frequency !!! Grow up or fuck off or both but mos def, seek help.
From the link : "We do not live in a true democracy. We live in a country controlled by corporate interests and wealthy individuals. They are the rulers and they determine who does and doesn’t serve in public office and what those people can and cannot do. They choose the politicians before we know their names and Barack Obama is exhibit A in that regard. There is a nationwide casting call made up of rich, influential people who give a thumbs up or down to potential presidential candidates. The people who promise to work on their behalf get the yea vote before anyone votes in Iowa or New Hampshire. That is how the ruling class works."
veritas vos liberabit ...
A threat?
Bring it on you little bitch
You may wish to fantasize that I'm a chick and that may be how you speak to women but please stop parading your piss poor manners and/or your mental instability on this forum and try to stay on topic :
http://publicbankinginstitute.org/ ;
http://www.publicbankinginamerica.org/ ;
http://en.wikipedia.org/wiki/Public_bank ;
http://en.wikipedia.org/wiki/German_public_bank &
http://www.yesmagazine.org/new-economy/the-public-banking-revolution .
Now hush your toilet mouth, STFU & go do some reading cos your facts-R-fukt & stinkles r all u've got !
fiat lux ...
a modern conservative - or more properly, a one percent lackey
I'll need it, luck that is...I know, but just as I am sure you are well aware of the unusual quirks/weaknesses of 'Flat-Landers,' I too have become a student of 'Woodchucks' ...;-)
Hence, my all-out efforts in trying to convert you will start on the first day of hunting season
~Odin~
I suspect you are right, as creating division on here is something that is unfortunately a big part of why some people are here
I will do my best to see that does not happen between us, all the while of course trying to bring you around to may way of thinking
I would expect nothing less from yoo too...;-)
~Odin~
good luck with that
you ready? got seed?
Nope. I plan to hunt and gather . . . . Just as soon as the power goes out. No need for seed . . .
heehehe
CISPA cybersecurity bill approved by the House of Representatives http://www.youtube.com/watch?v=iaNgddLyiA0
I've heard of this bill. It sounds like another duplication of services - first the NSA harvests all our data, and makes a big database and before you know it every single intel agency in the U.S. wants one of their very own.
It might help to convince Congress we were serious about protecting our privacy if we weren't all giving away our private data at every point of sale nation wide . . .
Replying here. Thanks Zen, you have my word that was not from me. For better or worse, only one pseudoynm for me.
~Odin~
It's just a theory, but I do suspect there has been a concerted effort undertaken to keep us divided along ideological lines, as well as to sow uncertainty and distrust.
I agree a fella that once went by odin, I think, I believe he calls himself frovileka or some such shit now
I doubt it. Anything is possible, but only a very careful linguistic analysis of word choices, speech patterns, consistent spelling errors and typos combined with server data including dns and ip records would demonstrate that conclusively.
The design of this entire site is deliberately intended to make such an analysis extremely difficult, if not impossible.
Gee shadz the content in that link could be a blue-print in moving forward to the world we need. Thanks and Solidarity....
~Odin~
Here's a dark corollary : "7 Chilling Facts About Retirement in America That Should Make Obama Tremble Before Cutting Social Security and Medicare" :
"Obama's plan would be economically irresponsible, socially disruptive and morally repugnant."
e tenebris ...
I hope more people wake up to the fact that Obama is not our savior, but rather just another one in now a long string of Presidents who have signed onto the neoliberal policies that prioritize corporate and banking interests over our's
Solidarity
~Odin~
"Obama’s Social Security Cuts Are Our Wake-Up Call", by Richard Eskow :
Thanx for your comment with which sadly, I'm forced to totally agree. Solidarity.
pax ...
INFO: on public banking.
http://www.nationofchange.org/yin-yang-banking-work-wealth-and-health-1365086355
http://www.nationofchange.org/public-banking-yes-we-can-have-banks-work-people-1364652371
FYI
Your right. Andthere are many people challenging our stifling conytol of info like Aaron Swartz and others.
http://news.yahoo.com/hacking-wars-matthew-keys-next-aaron-swartz-090000655.html
but we gotta keep pushing.
RIP Aaron Swartz & as ever, we must educate, agitate and pray that we start to organise :
dum spiro, spero ...
Land value tax,& basic income, are excellent ideas that would go a long way to correct the war on the poor,sick, & elderly that the US also engages in.
Courage IS required for passage, and creating that courage falls to the people. By organizing massive widespread protests like we have yet to see might encourage movement towards these desirable ideas.
As you know, in the US we are trying in vain to keep the austerity forces from trying to "balance the budget" on the backs of the poor, sick,& the elderly. So we aren't discussing the right alternatives, but our opposition is maturing quickly.
Our challenge is continuing that growth, and staying focused on the right goals.
That is MY hope, while I breath. Hope for the future.
Opposition is indeed maturing, especially in the light of such as this :
spero meliora ...
I'm with you.
[Removed]
How do you feel about public banking?
anking?
The topic of this thread is 'public banking', Not the childish subject of your now removed comment.
Stop manufacturing consent. dickhead.
You use fake ID's to vote yourself up, and others down, to give a phoney impression that someone thinks you know what you are talking about.
If you don't like seeing this information, then the answer is simple; STOP DOING IT, DICKHEAD.
Please stop Spamming me! Harassment is a poor use of your engineering ability.
Inclusionman has a lot in common with the greedy elite. Both are so concerned with raising their score, that they will do anything necessary, legal or illegal to achieve that goal.
What are you talkin about?. All I do here is post honest information and encourage action regarding the issues Occupy has taken a stand on.
Why don't you stay on the topic of public banking instead of spewing ignorant, childish, false, personal attacks against me.
You and your friend are preoccupied with scores not me.
Yes, and despite my many admonitions, he's still doing it.
Clearly an illness. I guess we should pass the hat around for him.
Ardour in administering admonitions actually appeared almost always against any aspired ambition !!!
I was on here earlier when you were both spamming the shit out of each other & though neither of you refrained from mixing it, it did stop me posting. It wasn't pretty and didn't look good. Go easy 'B' and Google 'agon' sometime and I'll also append :
pax et lux ; hic et ubique ; nunc et semper ...
Thanks Shadz.
It's my bullshit~O~meter. Gets wound off the dial sometimes.
More than a koala can bear.
Cool n' the Gang 'B' {:-p) When the joey gets too much for the pouch, you feel you've got to react and exclaim before things get too 'macadamia ....' !!! I get that !! It's all grist to the mill as we all partake of the bread of life here together ! Onyer cobber ;-) & ...
http://www.truth-out.org/news/item/15498-a-forest-of-poisonous-trees-the-us-criminal-injustice-system &
http://www.informationclearinghouse.info/article34394.htm .
fiat justitia ruat caelum ...
Hmmm, the former link is an excellent essay, Shadz. I passed it on to some American colleagues for perusal. The latter link surprises me not in the least. A country that can't admit that it condones torture and calls sensory deprivation and simulated drowning "extraordinary rendition" is already fascist in both intent and definition.
The fact that most people accept "news" in soundbytes, and have the memory of a goldfish, doesn't help the movement at all.
Sadly it's so true when you say : "A country that can't admit that it condones torture and calls sensory deprivation and simulated drowning "extraordinary rendition" is already fascist in both intent and definition." & thus in compliment, I further append :
fiat lux et fiat pax ...
Maybe we should mimic their "sound bytes" with 'truth bytes
If it worked for them, well.....
~Odin~
Need a song and dance routine to bolster the truth.
Maybe introduce them during the superbowl?
I'll work on coming up with some
~Odin~
That would cost a bundle
But really if we came up with a few key phrases and repeated them over and over and over and over........
~Odin~
You have the methodology down pat.
I was being facetious above.
I know I'm getting very tired of seeing ActionAlert.
It has lost all meaning for me.
"Show me your austerity" would be a good one to use, in light of the discovery of all that cash sitting in offshore accounts.
"Why tax us?" is another relevant claim. There's so much hypocrisy happening lately, most people are probably just shutting it out with inanities.
'Extraordinary rendition' refers to moving a detainee to 3rd country/location. Not specific torture methods (sensory deprivation, simulated drowning) as you suggested.
And of course we have admitted we condoned torture and have re committed to not doing so. I can't say we are not, but I know we have begun drone assassinations in place of detaining/torturing so that isn't much better.
But you clearly don't understand the issues.
Sounds like torture to me, twinkle-fingers. (quote)the practice of moving prisoners from one state to another in a way that is illegal, often so that they can be questioned and hurt to make them give information(unquote)
http://www.macmillandictionary.com/dictionary/british/extraordinary-rendition
The definition you linked proves my point.
extraordinary rendition is the practice of moving prisoners in order to hurt (torture them).
You state it WAS torture when clearly it is used to facilitate torture.
You double down on your mistake because you are too vain, and/or egotistical to admit failure?
Sneaky MSM ba$tard$ !! There's a PublicBankingInstitute and they've managed to keep something this big hushed from the masses?!
http://publicbankinginstitute.org/home.htm .
That is a great site. Ellen Brown J.D is the best . .
Here is another great site of hers.
http://www.WebOfDebt.com
Another great site is
http://www.Monetary.org
Thanks kindly 'PC'! Ellen Brown rocks! Solidarity @ U!!
Continued bankster abuse of the 99%.
http://act.credoaction.com/campaign/payday_banks/
Please sign/push this petition. Payday loans are loanshark level interest that trap the poorest into indentured servitude.
They must be made illegal.
Some of the nation's largest banks are looking to make obscene profits by exploiting some of the country's poorest people, and we need to make sure federal banking regulators put a stop to it.
Banks like Wells Fargo, U.S. Bank, Fifth Third Bank and Regions Bank have started marketing payday loans to their customers.
These short-term, high-cost loans are blatantly predatory. The fees charged for making these loans are equivalent on average to more than a 300% annualized interest rate.
And while payday lenders like to pretend it's a solution to a short-term cash crunch, the fact is that they make their money when loan recipients pay off one loan by taking out another payday loan, thereby falling into a cycle of debt that's hard to escape.
I extract the above from your link & further append :
fiat justitia ruat caelum ...
Occupy Wall Street as a movement should get back to just that, occupying Wall Street.
Well said. We've drifted so far off course here. Time to trim the sails and grab hold of the tiller.
Easier said than done. Our attention span leaves a bit to be desired.
Never give up! What we must remember is that what is behind much of the wars, the hunger, the suffering and strife is an economic and banking system, worldwide, that exploits the many at the hands of the few.
Thank you. It is so disgusting that people aren't protected these destructive practices.
Just an extension of the "buyer beware" mentality.
Re. "these destructive practices" - here it is in black and white from the inestimable Prof. William K. Black - the man who took on and cleaned up the worst excesses of the 'Savings & Loans' debacle and 'fraud-fest' & I can NOT recommend this 8m video and the following article enough :
"Banksters - William Black tells the real truth" : http://www.youtube.com/watch?v=J8CqaHTygSc and also re. the $83B/yr ...
"Lords of Disorder: Billions For Wall Street, Sacrifice For Everyone Else", by Richard Eskow : http://www.informationclearinghouse.info/article34115.htm .
radix omnium malorum est cupiditas ...
With enough pressure we may force these criminals to pay.!
"Warren vs. Bernanke: Too Big to Fail ?", by Thom Hartmann :
From which : "It's time to stop propping up the banks, and end "too big to fail." One way to do that is to bring back the Glass-Steagall Act. Under Glass-Steagall, we had two kinds of banks. One, like your neighborhood bank, did checkbooks, home loans, and savings accounts. Their technical name was "commercial banks."
"The second kind of bank was what were called "Investment Banks," places like Merrill Lynch used to be, where you bought and sold stocks, bonds, and commodities. Betting banks.
"Glass-Steagall said that these two types of banks had to be different and separate, couldn't even be owned by the same people, and couldn't get into each others' business. So you always knew that your bank wasn't gambling in the back room with the money in your checking or savings account, and wasn't out hustling your mortgage to some foreign investment fund.
"But Republican Senator Phil Gramm and his banker buddies didn't like that at all. So in the final year of the Clinton Administration, they put an end to the Glass-Steagall act that had been protecting us ever since the Great Depression.
"The result, just like in 1929, was predictable. The banks gambled, lost, and crashed. And took us all down with them."
Personally. I'm waiting for some 'wise guys' to be ripped off by some bankers, so that the 'sleeping with fishes' can start !!!
spero meliora ...
Ha, Nice criminals vs criminals, seems appropriate.
"Disaster Capitalism, Chicago-style" :
e tenebris, lux ...
Da Chicago way!!!
LOL
Let the 'sleeping with fishes' start and a wee reminder of what O.W.S. is all about :
'CRY OUT! INDIGNEZ VOUS!', by Stephane Hessel, 93 : http://therearenosunglasses.files.wordpress.com/2011/01/cry-out_.pdf and for context, see ...
"Resistance Fighter Stéphane Hessel Has Died", by Lina Sankari, 'l'Humanite' : http://truth-out.org/news/item/14862-resistance-fighter-stephane-hessel-has-died .
"Freedom is both one of the most basic and one of the most precarious rights. Freedom is meaningless if it does not ensure equal rights and therefore solidarity. This is why everything should be seen as a whole. The freedom which governs more and more the financialized markets, at the service of a few, and incompatible with equality and fraternity, has already caused considerable damage."
per aspera ad astra ...
The big banksters have written the "freedoms which governs........the financialized markets"
So when we change who controls pols/govt/freedoms writings (regulations) we will see balance return.
Money out of politics and power to the people right on!
I concur wholeheartedly and topically append for your later calm consideration :
dum spiro, spero ...
I will enjoy this article. But I can say if we have a Chavez he is frozen out of power by our political duopoly.
Best we can do is fight as a people, & organize many progressive groups to advocate for Chavezian policies.
Not as easy as it might be with a 'Chavez' at the head, but it's all we got.
Yes, the deeper truth and reality is that only a ''Mass Movement Of The Previously Mind-Managed and Manipulated But Now Thoroughly Awake' can do that which is needed. Viva OWS & we keep planting seeds and looking to the future.
"Can Civilization Survive Capitalism ?'' by Noam Chomsky : http://www.informationclearinghouse.info/article34198.htm and ...
"The Corporation" (Video) : http://www.informationclearinghouse.info/article12998.htm .
Chomsky asserts that ''Capitalism as it exists today is radically incompatible with democracy" & the extraordinary film is about the creation of 'The American Corporation', its global economic dominance and its psychopathic tendencies.
respice, adspice, prospice ...
Public banking
http://www.publicbankinginamerica.org/
Sounds interesting. Perhaps cheap lending for low income people
.01% sound low enough?
that's often what the banks get when the fed creates trillions out of nothing to give to them. Then the banks put it on deposit which profits them with their interest accrual setup... pay huge CEO bonuses... and then they loan it out to the people at 5% to 29.9% interest.
GAO audit exposed 1 trillion was given to the fraudulent Bank of America. Another 15 trillion to hand picked banks and corporations.
Our current monetary policy issues currency through debt and inflation and it is used to prop up the banks and the 1% through it's biased settings . It's really stupid when you think about it.
We should have a monetary system that issues currency through job creation, city building, and more than reasonable loans for small businesses. THIS IS THE USA WE NEED GROWTH.
Hell we could even end inflation. Inflation is just a scam that gives banks more money all while decreasing the working man's dollar value during stagnant wages.
All this excessive trillions to the banks and their excessive profits off of us I am familiar with. The alternative you mention is somewhat hard for me and the average schmoe to digest. But I think I agree. I'm certainly against the way the FED is set up and how it helps the 1% screw us ever more. THAT definitely must change.
The best part is that the interest is returned to the people. Studies have shown that the average cost of interest on everything that is bought and sold is 40%. On government projects the average cost of interest is 50%.
The private banks take a 40% - 50% cut on everything that is bought and sold. That kind of monetary power is detrimental to a representative government.
Before the Federal Reserve Act of 1913 there was no Federal Income Tax. Federal funding was obtained by taxing imports. And there had never been a World War. Without the U.S., Europe could not have funded WWI since thei nations had spent most of their money on warfare.
Interest charged by the banksters is their most potent tool to turn us into indentured servants.
Public non profit banks/consumer unions are good answers to create the minimal competition to private banksters which does not exist.
Yes, "It’s the Interest, Stupid ! Why Bankers Rule the World", by Ellen Brown :
multum in parvo ...
Good article. The change we need will happen when we break the grip of banksters over all areas of life for the 99%.
Here's a graphic insight into "the grip of banksters over all areas of life" :
'Infographics' on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
fiat justitia ruat caelum ...
That was so clear and powerful. the 1% has 40% of the estimated $54T total wealth of the US.
If it don't change we are in deep shit.
Further to the 'graphic insight' above, please also consider some very relevant audio :
"Prof Michael Hudson engages in a wide ranging analysis of the advantages to wealth that money printing and poor tax policy produce. From China to NY, Latvia to Greece, Spain to Australia this is the news we should be getting!" & I can't recommend this link enough.
fiat lux ...
Very creative podcaste. Unfamiliar with Prof Hudson.
Thx
In his critique of American political economy, Prof. Michael Hudson is second to none and on a par with the likes of Prof. Wm. K. Black, Prof. Richard Wolff, Prof. Noam Chomsky and Ellen Brown, imho and thus I append some further links fyi :
"Fictitious Debt and Manipulation of People - Dr. Michael Hudson" : http://www.youtube.com/watch?v=RnHIha5FhOw [2:39] ;
"From Democracy to Neoliberal Oligarchy", ('KPFA - Guns & Butter', Excellent Radio Interview With Dr. Michael Hudson) : http://www.informationclearinghouse.info/article24654.htm ;
"Debt and Democracy – Has the Link Been Broken?"", by Michael Hudson : http://www.informationclearinghouse.info/article29875.htm ;
"Banks Weren’t Meant to Be Like This", by Michael Hudson : http://www.informationclearinghouse.info/article30367.htm & ...
http://michael-hudson.com/ .
The penultimate link speaks directly to the subject of this important forum-post & re. the 'KPFA' audio link, click where it says "download" & is underlined, though there is no download as such as it will just go into the audio file. I recommend all the above for excellent insights into 'High Finance Crapitalism'.
pax et lux ...
Oh boy. You give me lot's to enjoy.
Thx. I'm sure it will be good.