We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Sunday, September 4, 2011

Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other

Click here to access article David DeGraw from Amped Status.

I wouldn't get too excited about the outcome of all this. Like many predators various capitalist actors will turn on each other when the easy prey (working people) isn't enough to satisfy their voracious appetites. But the article provides an interesting survey of legal battles to keep us informed with what's happening among the class of people who rule over us. The author seems very upbeat about the outcomes of these battles, but I seriously doubt that they will result in any benefit for us. The people who will definitely benefit are corporate lawyers--I'm sure that they are ecstatic over these developments.

The following 6:32m video provides a rather clear explanation of how the Fed has been running a scam on the American people in their money creating operation, money that they gave to the troubled banks who in turn bought government securities which are debts to be paid back by us, our children, our grandchildren, and so on. This operation has been largely kept from public view. Mainstream media has focused on only the TARP program, but have grossly distorted how that scam also worked.