Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
NVIDIA THE KING OF THE METAVERSE! - 10th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
MATTERPORT (MTTR) - DIGITIZING THE REAL WORLD - METAVERSE INVESTING 2022 - 7th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
METAVERSE - NEW LIFE FOR SONY AGEING GAMING GIANT? - 6th Jan 2022
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Occupy Wall Street Has Been Battling The Cops, the Counterrevolution Builds

Politics / Credit Crisis 2011 Oct 04, 2011 - 02:27 AM GMT

By: Danny_Schechter

Politics

Best Financial Markets Analysis ArticleBy it actions, Occupy Wall Street is puncturing myths like these:

l. The Myth that direct action against the center of financial power can’t be sustained’


2. The Myth that New York City is a bastion of liberalism and tolerance with its Mayor from Wall Street and its cops recipients of a well timed $4.6 million dollar donation from JP Morgan Chase whose bank up the street from the protest is guarded by---no guess needed—officers of the NYPD.

3. The Myth that police violence only happens in other countries, not in the big apple where we are far too sophisticated to have a Police department lead/encourage hundreds of protesters to cross a bridge via its roadway and then conveniently have buses and reinforcements on the other side to scoop them up. 

They turned a bridge to Brooklyn into a bridge to jail without anyone having to pass GO or collect $200 as you would in a Monopoly Game. The cops have a monopoly in this game, a monopoly on force---and use it.

4. The Myth that people of different political persuasions—Democrats, Socialists, and even Ron Paul libertarians can’t make common cause and eat donated Pizza together in a public park to take a stand together against abuses by the 1% of the elite against 99% of the people.

But now, conservatives in the name of the free market, baiting activists as uninformed and seeking to discredit what they are doing, are opening a new assault, an ideological attack.

Leading the charge is a website called The Daily Bell, ringing a pro-capitalist mantra to putdown the protest. Its been promoted by the Drudge Report and other right-leaning outlets

Unlike much of the media that at first ignored the protests and then ridiculed it, they take a more patronizing approach:

The charge:

 

“Despite their honest intentions, many of the Occupy Wall Street protesters are being suckered into a trap and calling for the very "solutions" that are part of the financial elite's agenda to torpedo the American middle class – higher taxes and more big government. – Prison Planet lede via Drudge Report

Dominant Social Theme: It's all Wall Street's fault. Government needs to write (SIC: RIGHT!) the wrongs of capitalism.”

Never mind that no one at the protests has said this, and that their General Assembly has yet to agree on remedies to their protest that focuses on corporate abuses, aided and abetted by Wall Street firms and their allies in real estate and insurance.

Instead, their accusers hammer protesters for things they believe they will say, not what they have said.

These “pinheads,” to use a Bill O’Reillyism, who defend the abstraction of a free market don’t let the facts get in the way of how we got into this mess.

They see the world as business-good versus government bad, despite all the contradictions of government subsidies and bailouts of financial institutions that effectively collapsed thanks to their own fraudulent practices and the greed of those that run them, and, who have never seen an outrageous compensation package or oversized bonus they would reject.

Never mind that, Ayn Rand supporter and former Fed head Alan Greenspan’s admitted that fraud was pervasive in the lead –up to the financial collapse.

Never mind that it was Republican and former Goldman Sachs CEO Hank Paulson who first initiated the  $700 billion TARP bailout of the big banks in 2007, and another Republican and original Bush appointee, Ben Bernanke, who secretly printed up trillions of dollars to spread like manna from heaven on banksters worldwide.

Never mind that many of the government remedies that the right denounce came about because of the predatory lending and racially discriminatory practices that “red-lined” minority communities in the late eighties and early 90’s denying homes to people of color.

The Daily Bell of its day and its cohorts, were not ringing their bells to expose blatant racism that distorted their beloved markets then, or massive financial crimes that do so today. They were saying nothing about this, then or now.

These ideologues are too smart to totally deny that Wall Street MAY be part of the problem.

“Of course,” The Daily Bell whines, “Wall Street is PART of the problem, but it's a much larger problem, and Wall Street is ultimately, for the most part, a transactional mechanism. The issues of failing Western regulatory democracies and their eroding money stuff cannot simply be laid at the feet of the securities business, no matter how powerful it seems. The real controllers are to be seen elsewhere.
In the past these controllers have been able to effectively disguise their presence and influence. They do it by misdirection and by using money power to blame the private sector for the depredations of the West's central banking economy. The mainstream media is extremely important to this effort …”
So now we have the corporate media in which all the largest companies in America advertise and back the economic elite being blamed for discrediting the business order.
What world are these people living in? Even in Austria, the apparent and mythic homeland of their beloved economics school, no one buys this claptrap.
“Now Occupy Wall Street – evidently and obviously a dialectical enterprise funded by these same elites (at least in part) – is giving them a moment of hope... “ they imagine.

“Evidently and obviously” are words that evidently and obviously need no evidence to back them up with anything approaching facts in this faith-based world.

They justify this faux attack, finally, I f you can work your way to the end of the dense diatribe, with these words,  “It is not bankers who have immense power, but central bankers and their controllers, the elite Anglosphere families that run central banking and distribute its tens of trillions of "money created from nothing."

This masked reference to unnamed “Anglosphere families” smacks of the phrasing of that anti-Semitic tract, the Protocols of Zion without mentioning any chosen people or whom they are alluding to, of course.

It also doesn’t mention that our Central bank, the Federal Reserve, is privately owned, not a government institution, run by the banks and for the banks. Most people don’t know this, of course despite Ron Paul’s efforts joined in by some Democrats to explain it.

(If only that left-wing run but right wing serving big media would do its job!)

Occupy Wall Street’s inter-denominational, inter-generational, activist army of diverse democracy promoters are still in the park they have liberated for now and are ringing their own bells.

In singer Leonard Cohen’s words, they are the bells they still can ring: bells of freedom, and to use a word always missing in the right-wing discourse, justice.

Blogger and News Dissector Danny Schechter has made two films and written three books on the financial crisis focusing on Wall Street crime. (See: http://plunderthecrimeofourtime.com) Comments to dissector@mediachannel.org

News Dissector Danny Schechters film and book Disinformation. For more information, Http://www.plunderhecrimeofourtime.com.

    News Dissector Danny Schechter has made a film and written a book on the “Crime Of Our Time.” (News Dissector.com/plunder.) Comments to dissector@mediachannel.org

    © 2011 Copyright Danny Schechter - All Rights Reserved

    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in