July 22, 2010

Wall Street's Waterloo

The emerging battle that the American people have to fight to reclaim their nation's destiny - and that up to now has been cowardly avoided by the political establishment, and shamefully suppressed by the mainstream press, and which ranks as the biggest reason for the present national disillusionment - is the battle between the money changers that control Wall Street, and the rest of the country.

Wall Street's parasitic private banks crimes against America, and against humanity have never been larger, and despite the hype about recovery, the global economic crisis they've produced is far from over. Due to their perpetual bubble scams, obscene incentives, and corrupt profits the banks have killed the host of their party, America's middle-class, which is the backbone of all thriving nations.

It is unlikely that the divide between the interests of the country, and the self-serving profiteers of the criminal Wall Street financial system can be bridged, as it was done in earlier eras, because the divide is too great, and the damage that they've caused can't be skimped over. An entirely new monetary system is required in America, one that is focused on the long-term health of the economy rather than short-term gains for financial thieves, and scoundrels.

The main barriers against Wall Street reform, and criminal prosecution of bankers who broke the law, and then stole from the public purse is the Congress, the Senate, and the Obama administration. William K. Black, a former bank regulator, and author of, "The Best Way to Rob a Bank Is to Own One," who emerged as a white knight fighting against banking fraud during the Savings and Loans crisis in the late 1980s, gave the best indictment of the Obama administration's economic recovery plan last April, 2009; "We have failed bankers giving advice to failed regulators on how to deal with failed assets. How can it result in anything but failure?" The failure of the U.S. political establishment to serve the American people is perhaps a bigger crime than anything Wall Street has done.

The Washington establishment's loyalty to Wall Street interests, and their complicity in covering up of Wall Street crimes is making them a central target of the American people's rage, who may finally decide to start a new revolution, and get rid of the two party system, the shadow government, and Wall Street banks. But the fight for freedom for the American people, and likewise, the people of the West, will be long, and difficult. We will meet stricter rule than the people who participated in the 1789 French revolution, and the 1917 Bolshevik revolution. The governing class in France was overwhelmed by the force, and fervor of the revolution against the King because they could not see what was obvious to many for years, a mistake that the current global governing class in America has not made.

The secret U.S. establishment has long anticipated a severe backlash from the American people, and it is better prepared to crush civil unrest, and psychologically manage the violent cries for change. The shadow government has formed a vast spy network in cities across the United States, instituted police state laws, erased Constitutional barriers, and conditioned the public to fear acts of domestic terrorism, and other forms of political violence, which they will manipulate to take further control of society, and fully implement their agenda for a new global scientific dictatorship.

Ellen Brown, author of, "Web of Debt: The Shocking Truth About Our Money System -- The Sleight of Hand That Has Trapped Us in Debt and How We Can Break Free," raised the most important question of the day in her article, "Deficit Terrorism" and Economic Warfare." She asked how should Wall Street be dealt with?:
"Wall Street banks have been saved from bankruptcy by governments that are now going bankrupt themselves; but the banks are not returning the favor. Instead, they are engaged in a class war, insisting that the squeezed middle class be even further squeezed to balance over-stressed government budgets. All the perks are going to Wall Street, while Main Street slips into debt slavery. Wall Street needs to be made to pay its fair share, but how?"
This question is at the center of the economic crisis, and must be answered in the coming showdown between the American people, and the bankers on Wall Street. So far, U.S. political leaders have aligned themselves against the American people, and their indifference to their suffering is unlikely to change.

The two establishment parties have blocked real reform from penetrating the economic system, and the mainstream media has done its usual job by continuing to lie to the American people about the depth, and nature of the economic crisis. The only avenue left for political change is a collective citizen movement that combines the forces of the Tea Party, Progressives, and Independents, who all agree that the rule of law must be upheld, even if the lawbreakers are "too big to fail" banks, and corporations.

If Wall Street criminality is going to be punished, it can't be by the sword, it has to be by the spirit. The spirit of conscience that lives in every man, and woman.

Economist James K. Galbraith recently wrote; "Bankers must be made to feel the power of the law in their bones," in an article called, "Tremble, Banks, Tremble." He began the article by saying:
"The financial crisis in America isn't over. It's ongoing, it remains unresolved, and it stands in the way of full economic recovery. The cause, at the deepest level, was a breakdown in the rule of law. And it follows that the first step toward prosperity is to restore the rule of law in the financial sector."
A lot of the political resistance against putting bankers on trial stems from the belief that Wall Street titans are America's conquerors around the globe, whose "financial innovations" have helped America maintain its economic superiority despite its deindustrialization over the last few decades, but that belief is plain false. Economist Simon Johnson said that this damaging belief is the reason for Wall Street's dominance in Washington; "The American financial industry gained political power by amassing a kind of cultural capital—a belief system. Once, perhaps, what was good for General Motors was good for the country. Over the past decade, the attitude took hold that what was good for Wall Street was good for the country." That America's prosperity is in any way connected to Wall Street's profits was a deadly myth, but it has been shattered in the wake of the financial collapse. The contrast of millions of unemployed, and starving Americans with lofty banker bonuses is a gross sight, and it has woken people up to the reality of the situation in a way that facts never could. Since 2008, almost everybody is coming to the correct conclusion that Wall Street provides nothing good to the country. Simply put, it is a disease-ridden burden on the American economy. And just like any parasite, it has to be removed. That is the solution.

Historian Lord Acton eyed the inevitable clash between the people and the banks in the late 19th century, and said; "The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." Others, too, have understood that the deep crisis facing Western civilization, which must be resolved once and for all, is the crisis of money - who controls it, and for what purposes - a crisis that is coming to fruition in our time.

Napoleon called the abuses of speculators, and stock brokers, scandalous. He said that public morality, and public liberties come under attack by such hostile financial influence, and that it must be stopped:
"Everybody invents facts, comments on facts, disfigures facts; everybody worms his way into the councils and cabinets of ministers, into the secrets of the courts; everybody pumps the ambassadors, disposes of war and peace, and stirs up and misleads public opinion, which is so eager for news and for lies, especially in France, that the more a man deceives it the more he is believed. And this scandalous influence is exerted not only by that crowd of adventurers known as speculators: even the stockbrokers, who are debarred from speculating on their own account, abuse their positions and make deals for their own profit. Often they act against the interests of those they call their clients. If for no other motive but the good of public morality, this abuse must be stopped; and there are many other motives. The rights of freedom cease where abuses begin." - Napoleon (from the book The Mind of Napoleon, pg. 96).
Napoleon was defeated at the battle of Waterloo on June 18, 1815, and his short conquest was over. But the private bankers' conquest of Europe, and then of America in 1913 with the passage of the Federal Reserve Act, has not been challenged yet. Their political weight has only grown over the years, and they now rule with total supremacy over America, and Europe. But the people are getting wise to their manipulation of politics. For the first time in human history, a decisive blow can be dealt to the private banking establishment. In Iceland, the people are determined to kick the IMF robbers out, and restore their financial independence. If the American people join them, and become a truly revolutionary force, then Wall Street's Waterloo could come sooner than we think. 2012? 2015? Who knows.


Here are some quotes by America's wisest presidents:
"Truth will ultimately prevail where there is pains to bring it to light." - George Washington

"If we do not lay out ourselves in the service of mankind whom should we serve?
" - John Adams

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson

“If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.” - Andrew Jackson

“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” - Abraham Lincoln

"Now the trumpet summons us again - not as a call to bear arms, though arms we need; not as a call to battle, though embattled we are; but a call to bear the burden of a long twilight struggle, year in and year out, 'rejoicing in hope, patient in tribulation', a struggle against the common enemies of man: tyranny, poverty, disease and war itself." - John F. Kennedy