●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
9 thoughts on “–Anyone heard from Occupy Wall Street lately? Part II”
Rodger, watch Cenk Ugyer of Young Turks interviewing David DeGraw on YouTube recently. Also check out the FaceBook page of MMT Dallas Deficit Owl Committee, a committee of Occupy Dallas.
The movement is gaining steam not only in the US but around the world. It’s just that the asymmetric tactics have shifted away from direct confrontation with superior power that is happy to crack heads, use chemical weapons banned in warfare, and torture people. Getting that out in the open was a great achievement attained only significant personal sacrifice. Once a point has been made it is not necessary to repeat it. It’s now clear that the US is police state managed by the secret police (DHS) using total surveillance in the name of “national security.” Sound familiar?
You may be living in the land of Wishful Thinking. Go out in the street and ask people what they learned from Occupy [any city]. You’re in for a surprise.
And as far as, “Once a point has been made it is not necessary to repeat it,” apparently you’ve never worked in marketing.
The point that should have been made, but wasn’t is: Deficit spending is necessary. Everything begins with that, and Occupy doesn’t seem to get it.
Rodger Malcolm Mitchell
While I agree that deficit hysteria is a problem, I don’t think that either Occupy or the Tea Party separately or combined are the messengers to deliver that message. The have at least blunted the ability of TPTB to use deficit hysteria to drown out everything else, and now the political debate is no longer dominated by concern over the deficit. It’s not one of the top priorities of likely voters in this election.
What Occupy and the TP have illuminated from left and right is the depth and breadth of the endemic corruption that is perverting democracy in the US, which is leading to the realization that until we get the money out of politics, there will be no meaningful change in the face of powerful moneyed opposition. That is the key problem, and just about everything else follows from it.
” . . . now the political debate is no longer dominated by concern over the deficit. . . ”
“. . . until we get the money out of politics. . . ”
Tom, I can’t believe you really believe these things.
Not belief, Ralph. I read widely and stay current.
Tom, you’re wrong about three things:
1. That the political debate is no longer dominated by concern over the deficit
2. That one day we will get money out of politics
3. That my name is Ralph.
@ Tom- “It’s now clear that the US is police state managed by the secret police (DHS) using total surveillance in the name of “national security.” Sound familiar?”
EXACTLY!! Thanks for the interview link. Yes, the physical occupations were beaten back by the force of the paramilitary police state and because of this, people still clinging onto our dying consumerist economy feel comfortable giving a great big Occupy “I told you so”…. If you sleep on the sidewalk waiting for the latest Iphone, it’s damn peachy. If you sleep on the sidewalk as a statement of protest, you get a baton to the head.
Roger, are you familiar with Occupy the SEC? http://www.occupythesec.org/
How about Occupy Our Homes? http://occupyourhomes.org/
I do feel that they, much like you, are politely asking proven institutional criminals to kindly stop robbing everyone. At the very least they are engaging in direct action which shoots down the “hippy camping trip” narrative that most people still like to attribute to the movement.
“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” – Frederic Bastiat
Yes, yes. The U.S. is a terrible police state, just like Stalin’s Russia and Hitler’s Germany, and the rich are destroying the poor, and life is unfair, wah,wah, wah.
O.K., now that you’ve had a good cry, what exactly is #Occupy doing about it? Marching to save (temporarily) one person’s home?
What a wonderful accomplishment for two years of effort by thousands of people — especially since these people can’t answer one simple question, “What do you want and who will pay for it?”
If they took the trouble to learn Monetary Sovereignty, they would know the answer.
“Inverted totalitarianism, unlike classical totalitarianism, does not revolve around a demagogue or charismatic leader. It finds expression in the anonymity of the Corporate State. It purports to cherish democracy, patriotism, and the Constitution while manipulating internal levers.”
“Those who fail to exhibit positive attitudes, no matter the external reality, are seen as maladjusted and in need of assistance. Their attitudes need correction. Once we adopt an upbeat vision of reality, positive things will happen. This belief encourages us to flee from reality when reality does not elicit positive feelings. These specialists in “happiness” have formulated something they call the “Law of Attraction.” It argues that we attract those things in life, whether it is money, relationships or employment, which we focus on. Suddenly, abused and battered wives or children, the unemployed, the depressed and mentally ill, the illiterate, the lonely, those grieving for lost loved ones, those crushed by poverty, the terminally ill, those fighting with addictions, those suffering from trauma, those trapped in menial and poorly paid jobs, those whose homes are in foreclosure or who are filing for bankruptcy because they cannot pay their medical bills, are to blame for their negativity. The ideology justifies the cruelty of unfettered capitalism, shifting the blame from the power elite to those they oppress. And many of us have internalized this pernicious message, which in times of difficulty leads to personal despair, passivity and disillusionment.”
― Chris Hedges, Empire of Illusion: The End of Literacy and the Triumph of Spectacle
Oh, and the fight against another criminal organization…. http://occupy-monsanto.com/