●The more budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor, which leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
We have sent numerous messages to people involved with #Occupy Wall Street. Most recently, in June, we posted “Anyone heard from #Occupy lately? Does anyone care? It was our fifth post about #OWS, beginning last year, each of which begged #OWS to learn Monetary Sovereignty, and to focus on one issue.
The June post ended with:
The business and political leaders, against whom Occupy protests, have learned one thing: Do nothing. Occupy will protest and then they will be gone, and we can resume business as usual.
The public grows weary of ineffectual, random, aimless protests, and Occupy, which began with such great promise, becomes last week’s newspaper. A lost opportunity is a step backward, as people become discouraged and slide into lethargy.
Somewhere, in board rooms around the world, the 1% is laughing.
Having learned nothing in the past year, #OWS is at it again.
Occupy Wall Street marks anniversary with smaller party
Chris Francescani and Jonathan Allen
Reuters, 6:04 p.m. CDT, September 17, 2012
NEW YORK (Reuters) – Occupy Wall Street celebrated its one-year anniversary on Monday with a day of demonstrations that resulted in nearly 150 arrests but failed to produce the turnout or fervor that first propelled the movement into the national conversation.
The demonstrations attracted roughly 1,000 activists, down sharply from last fall, highlighting the challenge the movement has faced in trying to sustain interest in protesting against what it calls an unfair economic system.
“A lot of media is saying that Occupy is dying down, but I think the fact that over 100 people were arrested this morning shows that Occupy is still part of the conversation,” said one protester, Caleb Maupin, 24, of Queens.
Pitiful. These children measure their success by the number of arrests. By that measure, neighborhood drug gangs are politically smarter.
“We’ve been locked out, people my age don’t have much chance of getting a job, so we have to do something to get people’s attention,” Maupin said.
Getting “people’s attention” is only step one, and it’s the easiest one. #OWS could get people’s attention by the simple expedient of parading a naked model down the middle of Wall Street. Then what?
Marching to the sounds of drums, trumpets and saxophones, the protesters showered the streets of lower Manhattan with chants of “All Day, All Week, Occupy Wall Street” and taunted police with donuts suspended at the end of fishing rods.
And what is the message, #OWS? Specifically, what do you suggest?
Occupy Wall Street protesters, who popularized the phrase “We are the 99 percent,” kicked off the demonstrations early Monday near Zuccotti Park, where a spontaneous encampment became their unofficial headquarters last year.
“What happened here a year ago was a process that cannot be stopped,” Pulitzer prize-winning author Chris Hedges said. “What happened here a year ago will ultimately spell the doom of the corporate state.”
Dream on, Mr. Hedges. Which politician’s vote have you affected? Which corporate CEO have you influenced? Exactly what has changed, due to #OWS’s efforts?
“It seems that Occupy Wall Street is losing momentum,” said Vincent Smorto, 63, a network engineer from Brooklyn who stopped briefly to watch the protests. “In the 60s when people were protesting the Vietnam war they knew exactly what they wanted. These folks do not seem exactly clear on what it is they want.”
And there it is. “These folks do not seem exactly clear on with it is they want.” That is the perfect description of #OWS.
Occupy Wall Street briefly buoyed a spirit of U.S. social activism, and drew attention to economic injustice. But as weeks and months passed, donations to the flagship New York chapter have slowed to a trickle, polls show public support waning and media attention dropping precipitously.
So much for “a process that cannot be stopped.” There never was a process, and whatever it was, it already has stopped.
Check out “Anyone heard from #Occupy lately? Does anyone care? to see what #OWS should do to make a difference — if you care.
Rodger Malcolm Mitchell
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%
No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia. Two key equations in economics:
Federal Deficits – Net Imports = Net Private Savings
Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports