Archive for October, 2011

Kevin Zeese, Occupy Wall Street and October2011 Protest Closes Citibank, D.C.

Thursday, October 20th, 2011

Talk Nation Radio for October 20, 2011
Occupy Wall Street and October2011 Protest Closes Citibank, D.C.
Kevin Zeese, on Citibank, BOA, and Withdraw your Money Day
We continue our coverage of the Occupy Wall Street and October2011 movements as the national effort to hold Wall Street, Government, and the Banks, accountable. The group in D.C. is protesting record profits made at the expense of human needs. Press spokesperson Kevin Zeese has been on site at Liberty Plaza and Citibank in Washington, D.C. and we reached him as he had just exited the bank to rejoin some 45 protesters outside. This after their action closed the Citibank branch at 14th and G Streets NW, Washington, D.C. Plus portions of a audio from a videotape of Dr. Margeret Flower’s taking on investors who push up health care costs. (More info. here)


TRT: 29:00
Produced by Dori Smith, Storrs, CT
Music by Fritz Heede
Download at Pacifica’s Audioport here or at Radio4all.net and Archive.org

Kevin Zeese, J.D. is a lawyer from Baltimore, MD with more than 30 years experience of writing, speaking and advocacy across a broad range of issues around peace, justice and democracy. His recent organizing efforts include the Sounds of Resistance concert and protest against Bank of America and Stop These Wars/Expose the Lies/Free Bradley Manning last December and March. He is the co-director of ItsOurEconomy.us,the director of ComeHomeAmerica.us, and on the steering committee of the Bradley Manning Support Network. He also serves on the boards of Velvet Revolution and Common Sense for Drug Policy.

See also regular Press Releases like this one:

Press Release from Kevin Zeese, PM 10-20-2011 Update
See video here or here or http://october2011.org/blogs/kevin-zeese/october2011-movement-closes-citibank-protest-record-profits-made-expense-human-nee
October2011 Movement Closes Citibank to Protest Record Profits Made at the Expense of Human Needs

By Kevin Zeese – Posted on 20 October 2011
For Immediate Release
October 20, 2011

Contact:Press@october2011.org
Freedom Plaza Occupation Shuts Down CitiBank
(Video will be available soon.)

Washington, DC – A group of 40 protesters marched to the Citibank, a subsidiary of Citigroup, at 14th and G Streets NW this morning to protest the announcement of the seventh consecutive quarter of massive profits while the economy continues to collapse. The protesters succeeded in shutting the bank down.

Six protesters, including a video team remained inside the building, protesting the tax avoidance by Citibank through off-shore tax havens, continued foreclosures, choking the economy by not making loans, usury credit card rates, low pay of bank tellers while exorbitant pay for executives. Police have been called to the scene.

Leah Bolger, an October2011.org organizer who is a vice president of Vets for Peace said: “Citibank needs to be held accountable for its role in collapsing the economy and profiting from that collapse. As the largest recipient of bail out dollars, Citibank owes the American people and needs to stop foreclosures now, re-make mortgages so they are consistent with true housing values and stop avoiding taxes.”

Citigroup, one of the nation’s largest banking and investment firms, reported yesterday that their quarterly earnings are up $3.8 billion, 74% higher than a year ago. Citigroup continues to foreclose on mortgages. They hold back loans to small businesses and consumers. They choke the economy while they are profiting massively.

“This is a slap in the face to the average American who earns miniscule interest rates on the money they have in Citigroup banks, are unable to obtain loans and mortgages, and are being forced to pay all sorts of fees and charges just to access their own money,: said Kevin Zeese of October2011.org. “The sweetheart settlement with the SEC announced today is an insult. Citigroup profits $1 billion from selling fraudulent derivatives and gets fined $285 million.”

Citigroup’s profits are typical of the banking industry in general who accepted billions in bailout loans from the American people, yet now seem to think that the money belongs to them personally.

Here is a list of complaints against Citibank:
1. Citigroup has paid ZERO corporate taxes for the last four years.
2. Citigroup has 427 subsidiaries in foreign tax havens to hide their profits.
3. Citigroup was the LARGEST recipient of federal bailout money– $476 billion.
4. CEO John Havens receives $9.5 million annually, while paying their tellers $12.65 an hour.
5. Citigroup just posted a 3rd quarter net profit of $3.8 billion, a 74% increase over last year.

October 26, 2011, Video of Leah Bolger of Oregon, Vice President of Veterans for Peace, occupying Freedom Plaza, as shown on Cspan.

A Letter to the 99% Inclusive, from Dori Smith

Saturday, October 15th, 2011

Letter to the 99%, Inclusive
From, Dori Smith, Talk Nation Radio

What is going on within the big tent of OccupyWallStreet is transforming us as individuals and as a nation. The calls of the 99% mean a lot to me personally, and I feel compelled to say how much. I want to join this human chain of loving beneath the big tent of the majority. I am the 99% (London (NY Police, discussion about protests lasting 24 hours in Washington Sq. Park)..more below, OWS videos..

Storrs, CT — How ironic that U.S. police in major cities have decided to focus on Occupy Wall Street’s tents. In fact, the 99% could well have the biggest tent of any mass movement in U.S. history. And it’s growing in quantum leaps and bounds. Yet, police chiefs in cities like Trenton, N.J., and Hartford, Connecticut, have been fixated on the use of tents by protesters in Turning Point Park near the train station and beautiful Bushnell Park, Hartford.

“You must take down your tents and leave by dawn!” Hartford police insisted, adding; “you cannot use tents, just sleeping bags”. Do they want these courageous democracy squatters to catch colds? It’s autumn! Meanwhile, as police issued demands, local TV channels began their news coverage with the following phrase: “Hartford is still occupied”. Perfectly extraordinary, and in Manhattan people have been inspired to support the protesters at Wall Street in any way they can. They are sending in everything from soup to socks.

So let’s be realistic. You can’t ask America’s 99% who are camped out overnight through cold and rain to give up the tents that are keeping them warm at night. That would be a health risk. (See Hartford Allows Protesters to Raise Tents CTNEWSJUNKIE.COM. In fact, let’s start collecting all of the unused tents in our attics and basements and find a way to offer them to the occupiers. Any tents not taken on a given day can be passed along to the homeless who are camped out in other locations all over America. And let’s keep both populations strong because America needs them: The most poor, and tired, and the most articulate, and energetic, are now of profound importance. They are calling world attention to the crux of a problem that has crippled America for decades. They call attention to the needs of the majority, which must be a priority in any true democracy.

The crowds occupying liberated sites at Wall Street in New York City or in Washington D.C., Boston, Seattle, New Haven, and countless other places, are beneath a virtual tent in my mind. The Occupy Wall Street movement and the October 2011 organizers have set up the tent poles, supporters like me online have provided the ropes, and America is pulling this tent up ever higher as more and more people understand what is being created on their behalf, and start to support it. If you want to know what kind of people are huddling close within this virtual tent just look at the videos:

Occupy Michigan, Nurses here, Patch Adams at Freedom Plaza, Dr. Cornel West and 16 Others Arrested Protesting Corporate Power video, He carried a sign that said, “Poverty is the Greatest Violence of All.” He was arrested because holding political signs on the Supreme Court steps is illegal. Occupysesamestreet scolds Ruppert Murdoch International Day of Action against The Banks! Dr. Margaret Flowers Confronts The Real Death Panels, posted 10/13/2011, by Sam Husseini, Wall St. Comes to DC Healthcare Conference, Flowers takes on JPMorgan, Citigroup and Citi-InvestmentResearch, who have come to Washington, DC to discuss how investors can profit in the health care system at ‘Wall Street Comes to Washington DC conference’. See her on Bill Moyer’s Journal here, #ows #occupyDC (twitter world of #OccupyTogether) I AM NOT MOVING film, Originally Uploaded by CoreyOgilvie on Oct 10, 2011, (Flashmob Congress, October 2011..unfurling banner, ‘At least six demonstrators were arrested inside the Hart Senate Office Building in Washington DC on Tuesday. The protesters surged in and chanted slogans for about 15 minutes before officers intervened.” Photos: Defending OWS, provided to us via Facebook by Ann Wright. OWS, How to solve the economic crisis, cut the war machine “Wall Street and the military have been aligned for years”… Mother Jones: Exclusive video, arrests at Wall Street video here. People singing This Land is Your Land..”I am Troy Davis” activists at MLK Jr Memorial in DC, CITIBANK arrests, 20 people trying to withdraw money from accounts at ATM. Note for radio stations, one use of profanity end, about 2:10) TheStruggle at OccupyWallStreet, video, We Are the 99% Faceoff at 55 Wall St., and Reader Supported News video. There are many more such videos and we will update this list. Feel free to send us your links to videos at talknationradio@gmail.com. Thanks. UPDATE arrived: Video, via Kevin Zeese, violence continues, more here, Talk Nation Radio response: Beating drums, playing the horns, are not violence, where is the crime officer? RT video, Europe, occupy movement, From Dwayne Henry, 24, videographer, photographer. Pogo, Principle, Occupytogether.org, News, News live stream, Video of General Assembly, Bloomberg Backs Down, Brookfield Properties backs down roars.. Homeless Sleeping in Tents, via Occupy Colorado Springs

CORPORATE MEDIA CAN’T DEFINE THE 99%

Yes, there is a certain amount of anger. Still, an utterly new kind of peace and warmth is being created by the ever widening crowd as together they demonstrate increasing unity of message. There is unity in democratic process; its very existence is a unifying force; disagreement does not preclude the unity because it is a process. So long as there are always openings for discussions, this is a movement that holds promise in the larger effort to make America’s political system more just. The Tribune media’s or other conglomerations of corporations do not provide their message. Listen more carefully and you too will find a way to truly hear what is being said from beneath this big tent operation. As winter approaches though we have to huddle together more closely in our common cause of caring about one another, and taking care of our democracy as a united force. We can stay warm by singing or calling out at general assemblies. And within this unique model, we can work to keep on sharing actions and ideals as we issue regular calls to those of us who may not be able to sleep outside regularly.

Not everyone will have been with this amazing group of people from the beginning, but the beauty of recognizing the differences between the 99% and 1% in America today, is that it is impossible to mistake who we mean by that. In that sense the virtual tent has room for an infinite number of people including bloggers, factory workers, veterans, bus drivers, writers, singers and dancers, environmentalists, educators, nurses and doctors. The 99% are occupying the streets, and the Internet, as together they spark change in newsrooms and editorial boards and at schools and universities as well as in government offices and union halls. They are the topic of conversation at the U.S. Postal Service office, as well as in the mall, and at the PTA meeting. In short, what is going on within the big tent is transforming us.

The Joining in Process

The calls of the 99% mean a lot to me personally, and I feel compelled to say how much I want to join this human chain of loving beneath the big tent of the majority. My own sense of myself tells me that I can hope to offer the occasional idea. Health issues may limit my travels, but I can share my thoughts online and in my radio show airing weekly on Pacifica affiliate stations and LPFM and Netcasting as well as community and public radio. I loved this from Chris Hedges Oct. 17, 2011, A Movement Too Big to Fail Truthdig

DANCE, AND SPIN THE SPIN, EXPOSE THE ONE PERCENT

In the meantime, help people who are losing jobs and protesting the high cost of MidEast war just as you would help victims of a hurricane or flood. It is the right path for Americans to be on to strengthen their own economy.

Ideas Welcome — or so we heard from a newly elected Barack Obama. Have we not all had good ideas since he asked us for them? Has he been listening? As just a few ideas I’ve had, what if we all agreed to offer a 99 cent donation to build an anti foreclosure fund? In all U.S. states the money could be used to help people stave off foreclosure, or even buy back homes that will otherwise be sold to real estate speculators and investment groups on Wall Street. We can ask Governors like Malloy in Hartford, CT to fund students and those losing their homes directly, and not seek to get major corporations to “invest” in universities here. We know where that ends. Higher tuition! Just build the funds directly with the help of the people. So, what if we signed a petition to donate 99 cents to sponsor a people’s jobs program? Each state could set up their own that would make sense under the specific conditions they face. What if we all sent a letter via U.S. Mail service on the same day with a message to Postmaster General across the back of the envelope…we could say, ‘we are the 99% and we want to keep our post offices”! Countless hope filled what ifs come to mind. (Update, 10-17-11, Written prior to my knowing that donations were already arriving for OWS… now researching meaning anew..)

My husband Joseph noticed that worker run collectives could spring up even as businesses close their doors. Friendly’s Restaurants closing its doors? U.S. Gap stores closing? We can occupy them too! Set up a used clothing and home goods sales spot in your community, occupy a tag sale site of your own.

To say this is the most hope filled action I’ve witnessed in my lifetime would be a wild understatement. I’ve never wanted to ‘join anything’ before. The ad hoc spokespersons for the 99% have been a breath of fresh air for me, and a great example for all of us. They have been humble and unassuming about who they are and what it means to claim to be part of the 99%. Their moveable feast of ideas has come across as kind, loving, and deeply personal. They have expressed countless reasons for sacrificing their own comfort in an effort to refocus American debate and affix the target of concern on the real criminals. Who these criminals are is being systematically pointed out by protesters in the streets. Some of the more high profile protesters with recognizable names, like author/activist David Swanson, see October2011.org, Global Exchange/Code Pink organizer, Medea Benjamin, and VotersForPeace activist, Kevin Zeese, are reminding us about the connections between war, loss of rights at home, and runaway corporate power.

Dr. Margaret Flower’s, a pediatrician and Health Care for All activist, has zeroed in on another aspect of the core problem. Wall Street speculators are pushing up the cost of health care as they strip out profits from anyone who invests in it. If anyone in the media is still confused they can turn to these brilliant scholars as a resource for free.

Even as the corporate media has fixated on the so-called lack of “demands” the Occupy Wall Street movement has been systematically re-framing the American debate about what’s wrong with our economy. (See the Center for Media and Democracy, Free Press, Free Speech Radio News, and many more independent media sites here and here, to learn more.)

There are new kinds of conversations springing up in communities and even in the halls of Congress and the White House, where the voices of the original Wall Street occupiers still resonate. The new conversations include suggestions about ways to actually help the people who have been abused by Wall Street and U.S. corporations. Investigations have been opened into the banks that so cruelly foreclosed on Americans despite a lack of paperwork or accurate accounting. Charges are being brought where investment groups have illegally sold stocks using insider information. Challenges are being made to the health care for profit system, and Dr. Margaret Flowers occupied the microphone at a conference on health care investing with the staff of JPMorgan, Citigroup and Citi-Investment Research, in Washington, DC. A pediatrician who advocates for Health Care for All, Dr. Flowers interrupted their discussion on ways to profit from the health care system to tell them; ‘Wall Street has no place in health care. You are the criminals. You are the ones who are responsible for the deaths and suffering of tens of thousands by turning health care into a profit center rather than a system that provides for basic human needs.’ (see video below)

The protesters in tents or sleeping bags, the ones who have been hand cuffed and pepper sprayed, have been successful at turning global attention away from faux news, the ‘he said she said rhetoric factory’ that has been passing for a news media. They have shined a gigantic light on injustice and political corruption that is robbing the majority of Americans of their civil and human rights. We may have no future without the Occupy Wall Streeters and their growing support network! So let’s by all means allow them to have tents, and stay warm and healthy in whatever city they show up in.

Let there be Tents…in the parks, streets, at Wall Street and on Main Street, and Within Us

I would also like to lay claim to a virtual square in America. I’d like to envision a new place for me to stand on too. One refreshing spot for my own two feet to gather strength from the rest of the 99% who are here with me beneath the virtual big tent. To those of you who inspired me to say all of this, and who originally set up this moveable feast, I want to tell you how astonishing you are, how brave and how important in historical terms. Those of you who helped to spark this movement know who you are, and you knew all along that the problems America faces wouldn’t be summed up in sound bites or bumper stickers or tee shirts!

In the big tent of the 99% we can form a virtual human chain that is inclusive rather than exclusive. It is not a fence to keep others out, but a symbolic space where we claim ownership of the real estate and wealth and rights to have a say now about what to do with the national treasure that is within us, and within the U.S. The wealthy 1% thought may have believed that they robbed us of ourselves, that they stripped us down to nothing-hood. They didn’t! We never surrendered our country to them. They just thought we did. Thus, in order to essentially Occupy Myself and my square, even more effectively, I’ve decided to liberate my voice including my anger. At the same time, I’ll strive to be less judgmental of those who stand with me to say, “We Are the 99%” too. We do not have to share identical belief systems to embrace one another. Even to those who may have vehemently disagreed with me on the details of a foreign policy issue or human rights crisis, I say thank you for supporting this tremendous effort to take on this brutal system that oppresses us all.

We shouldn’t surrender our voices simply because the media and politicians have divided us at election time. Instead we can own up to less than perfect life stories, our failures and our successes, and recognize that the workers in malls, factories, schools, hospitals, and at loading docks, are with us! As are many in the media to include the photographers and news editors who have managed to strategically place photographs of Anonymous on page 1 of new sites online, even Rupport Murdoch’s News Corp publications. Ha!

This call you sparked at Wall Street’s Liberty Park, this virtual tent you helped set up, has already meant that media outlets have given more coverage to poverty in America and the world over the past month than they did over the past ten years. This call that is carried forth in the general assemblies you hold, and via the World Wide Web, and it has led to a bigger debate on whether or not to forgive student loan interest charges, or even sweep away student loan debt altogether to save a generation! Individuals with leadership skills have now been merging their voices with yours, and they are able to amplify yours nationally and internationally to the point that on this the 15th day of October, there are protests and occupations of stock markets, banks, and corporations in key cities around the globe. The chants are similar. “Banks got bailed out. We got sold out”. Though at some point we may have to acknowledge that others have different chants… it will be a cacophony of protest to the forces that are a threat to the majority’s rights to simply own property, have a secure bank account, enjoy home ownership, live without repression from government or police. Essentially, we share mutual outrage. In a technologically advanced age, far beyond the dark ages, we are living in feudal times again. A small fraction of society has been able to siphon off and pocket our money and our resources without restraint. A kind of lawlessness has set in as greedy corporations steal from all possible outlets.

Those of you who are in this greedy 1% and those of you who serve it by working on Wall Street or at the global banks, etc. may see yourselves very differently than the majority of people in America and the world see you. You are of course trying to buy the media, and dominate us, implying in your self-descriptions to the press that you are the ones keeping the world together. We see you as the ones who are cutting it up and digesting it, we see you as the ones who are using divisive tactics in an effort to try to dominate all conversations about the world’s wealth.

Writing for the New York Times, October 14, 2011, Nelson D. Schwartz and Eric Dash claimed that in “private conversations” those of you who define yourselves as “Wall Street bankers” have dismissed the protesters you see before you as “unsophisticated”. — “Who do you think pays the taxes?” a money manager asked the Times rhetorically. He dared to claim that, “Financial services are one of the last things we do in this country and do it well. Let’s embrace it. If you want to keep having jobs outsourced, keep attacking financial services. This is just disgruntled people.” (Yikes!)

How pathetic that this individual believes financial services are being done well in America. I can’t speak for the Occupy Wall Streeters at large, however, I personally find that statement sad and utterly without merit. The 99% must pay the taxes while wealthy banks hire experts to find loopholes to get out of paying them. Banks and financial firms you see as successful may actually pay far less than those in the crowd at Wall Street’s door. Finally, you outsourced jobs in record numbers for decades before they showed up, and long before the OccupyWallStreet effort began. You are merely trying to blame your victims, the 99% who have been subsidizing your lifestyle. In so doing you reveal the extent of your vulnerability. (Poster shared on FB by Kirk Jackson, see also here for full scale.)

I can personally add however that in spite of any personal outrage I feel when such anti democratic and unfair comments are made, I can still be tolerant of you even if you are part of the intolerant 1%. You fear losing the vast wealth you stole from us. But you never stole us as people, and that’s what you instinctively see. You realize on an emotional level that we are in fact stronger and freer than you are. So if you choose to give up your isolation and take an interest in the humanity that is crying out against you in Freedom Park, Freedom Square, Freedom Plaza, and at liberated sites everywhere, I’ll listen and try to be welcoming. You too have a right to participate in a democracy, and share in the longer view of America and the world. You will be welcome if you chose to stand with those who agree that the majority, not the minority, should hold the wealth of a nation. In truth, fabulous wealth is not revealed on our faces. Neither is poverty, or even “sophistication”. Our differences are non-existent when we are on the street together. Historically those who try to defend corruption, the right to steal from society, tend to wind up alone. Society crushes such people eventually.

In many instances you may deserve prison. You may have represented death through the wars you have provoked in the interest of expanding your wealth and power. You have made the lives of millions of people excruciatingly painful by imposing an ever-growing poverty on them. Workers in major department stores, or service workers, are not being paid enough to live in America, but only enough to get by on a meager life. Those of you who hire, and fire, must know what you are doing to them.

On Wall Street you are able to use super computers to pillage from societies all over the globe in ever more expert ways. But even that does not make you more sophisticated than the Wall Street protesters. You may use algorithms to zero in on our IRA’s and savings accounts whenever we gain a dollar, you may be successful at stealing our money through stock manipulations, insider trades, and short selling tactics. Still, those tactics make you more like bank robbers than bank professionals. Nobody is trying to break in and steal your savings. Yet, you are working systematically day and night to steal ours.

$$$ You have robbed our retirement funds and pushed up the price of life saving drugs. You have isolated a whole nation from its elected representatives through the hiring of lobbyists who intentionally corrupt the democratic processes in congress and at the White House.

In media, you have sought to dominate the entire global press, elevating the pipsqueaks among us to the rank of pundit in chief. Now it is all coming undone, and the problem is the greed and hateful comments you seem to relish.
You are symbolically represented by Donald Trump, who joyfully fires people on TV in an effort to show how easy it is to dispense with anyone standing in the way of corporate success and “annual growth”. Finally, the standard corporate realm that has enriched you for generations was not enough. About forty years ago you began to force managed care systems on America, and began to reap big profits from our health care system. Your actions have pushed up our health care and food costs, as your Health care sector IPO offerings provide wealth for you, and devastating loss for those of us who must struggle to be able to afford even minimal healthcare.

Your constant hoarding of cash has artificially maintained the illusion that America can sustain an increasingly expensive lifestyle. (See WSJ, “A recent J.P. Morgan analysis of public companies that disclose their foreign cash holdings found that they held on to half of the cash they amassed overseas. Eleven companies, including Apple Inc., Microsoft Corp. and Cisco Systems Inc., held foreign cash balances of $10 billion or more”.) In fact, a majority can no longer afford basic food, shelter and clothing costs. Still let me invite you to merge your interests with ours, with the 99%, just in the event you still have goals that have something to do with the reconstruction of American democracy. After all the courts you seek to buy influence over, and the prisons you have in many cases privatized, may wind up being just as unjust for you as they are for us under the right circumstances. When you give the “gift” of economic dictatorship, you reap the consequences of living in a corrupt system right along with us, as do your kids. (Homeless sleeping in tents, AP and video of police cutting up their tents here.)

(Click for message in photo from the 99%!) While you may be criminals in some ways, we are looking for justice for ourselves, and therefore for you. Should you not support us, your future is only meaningful to us in the sense that we get our justice now and that you eventually recognize that we deserve it. We live intertwined lives though. When you pollute, we suffer. When we protest, you are inconvenienced, or in some cases provoked into change. And while you are more comfortable most of the time, everyone opting in to the virtual big tent of Occupy Wall Street (Occupy Everywhere) can see that the best way forward is to pull together as a society to try to make a difference. This is the only sane response to an insane condition that has been imposed on us.

Overall those of us embracing the 99%, admitting we are in it, will find we have far more in common than not. Together, we must demand democracy before we lose the ability to obtain it altogether. In refusing to accept the notion that we are there already, we are taking a gigantic leap forward from where we were before. We want you to abandon the idea that your stealing property and resources from foreign societies, and your “claims” this is to enhance U.S. interests. We saw through that years ago, but government officials have thus far refused to restrain you at our insistence. Restrain yourselves before its too late for all of us.

None of us should be fooled now into thinking that different individual priorities mean insurmountable differences. We’ve moved far past that in a post Occupy Wall Street universe. We are not like Chevron Corporation. We don’t have to run a fraudulent “We Agree” campaign on Public Broadcasting Network to try to convince News Hour viewers of our good intentions. We know you poisoned people on various continents, including the Ecuadorean Rain Forest. Still, our good intentions are obvious. We don’t need to agree on all points. In fact, some of us will cry out against the wars in Iraq, Afghanistan, Pakistan, Israel and Palestine. Others will cry out on behalf of all of the world’s children from Somalia to Sudan, and from California, to Mississippi and Mexico. Some will claim to love coffee. Others tea. But as the 99% we have admitted that we are victims who are committed to no longer getting ripped off, falsely arrested, wrongfully imprisoned, fired without cause, misdiagnosed or made jobless hungry and homeless. We won’t live without complaint anymore, suffering on the other end of your greed tactics. Frankly, those of you in multinational world, the land of the 1%, have already stolen far too much of our precious time. You have unfairly occupied our lives by acting in ways designed to deny us access to the simple treasure that is our country, our forests, rivers and streams.

We have lost careers and educational opportunities. Some of us have lost the family farm. Others have lost much more in that we had to stand by and watch helplessly as family members, friends, and neighbors, suffered needlessly due to lack of proper health care. Some of our loved ones have died for lack of a good physician. (For Karin, and Dad). Therefore we cry out louder and louder each day that we will no longer stand by and watch with a feeling of pain and helplessness as those of you in multinational corporations, banks, even universities, who are part of or serving the 1%, spread chemical poison onto the fields we once so carefully tended. Those fields where our ancestors toiled in more honest forms of trade have been severely damaged by you, thus you have forfeited the right to even use them for now. We reclaim these lands and natural seeds as part of the national wealth, as the nation’s food crops. By overcoming your greed we can still have a positive impact on the environment you have been so careless about.

We have had our dreams interrupted. Now we are awake. We have had to watch as many of our leaders from the 1960s to 2012 were assassinated. We’ve suffered your rudeness and insults as ironically you spend billions on media and the Internet trying to get our attention. (Free Twitter, Google+, LinkedIn, Myspace, and Facebook!)

The ads that are purchased by those of you in the 1% are emotionally provocative, you can use babies, puppies or kittens, to grab our heart strings. Yet, we don’t need a new car every four years, just as we do not have to accept your artificially hiked up gas prices. Let the oil companies that have raked in huge profits pay a higher tax per gallon, NOT US. You have already snatched billions unfairly from us as you pushed up costs during summer vacations, and at times when demand fell or reserves rose. You have raised the price of gas even while cutting back our wages. Your corporate friends in the news spends more time selling products than reporting on the condition of America’s people. And through all of this we have only seemed to enjoy overwhelming access to media. The reality is that the 1% are working to dominate our access to the Internet. We may be online with millions but continue to live in forced isolation because your corporate run press ignores us.

Each year our elected representatives have pandered more to the wealthy and corporate 1%. Yet, today, because of Occupy Wall Street and all of the global occupation movements, we are learning to act together in standing up to you, the 1%. We will increasingly think in unison, and Occupy Ourselves, as we commit to our roles as members of the 99%, helping each other, demanding democracy. Get use to it. We will be reaching out to one another more and more each year, and we will reject your divisive tactics, until by 2024 we will have restored our voice at least, as we continue down the road toward restoring our democratic rights.

I want to include a message from a friend regarding Occupy Wall Street because while I do not agree necessarily that the left is victim to any readily identifiable “failures” as such, I do think its time for protesters to allow themselves to be publicly loved, and appreciated, by all, from Al Sharpton to Rep. John Lewis and others. That’s not to say anything about who to allow to speak, but more of a thought on allowing anyone who wants to promote, support, and defend, the rights of protesters to remain where they are safely, engage in peaceful protest and even civil disobedience where necessary, without fearing risk of physical or mental harm by police and other security personnel both public and private. Where people agree to that, and wish to say ‘I am the 99%” it seems to me anyway that it is beneficial to embrace all. Change is difficult, but if protesters remain true to their own voices without being deterred by anyone, their message will continue to get through. Sharpton, for instance, tends to be someone that the media has a short attention span for… there seems no way for him to dominate the OWS discussion from here. Lewis has worked out any process that may have left people feeling a sense of wanting to protect OWS from being politicized. His own statements made a lot of sense in that respect. But Lewis, a few others in Congress, may also pick up from where the group left off in making statements and demands about such matters as student loan debt, home foreclosures, homelessness, bank fraud and criminality on Wall Street in general.

No matter what happens tomorrow. Occupy Wall Street and its many affinity groups, has changed media. Network news editors saw that the arguments being made are immediately supported by the general public. And at NPR (not that I’m trying to go overboard in support for them but..) they’ve just reported on the problem of Wall Street speculators who bid up the price of commodities like corn. They are not seeking to purchase corn, but trade in it, thereby making it more expensive for anyone turning it into food. That is a good example of what is wrong on Wall Street and how it directly impacts societies all over the globe.

There are of course understandable concerns. But even where some may be trying to use the OccupyWallStreeters for their own agendas and purposes, the movement has to move beyond fear and worry about those who glom on or try to take over. It’s going to be OK, or not, (at different moments) depending on some of the very same forces who are opposed to this movement from within the fascistic power centers of Wall Street, the banking world, and certain realms of government. It is the People at large who need to care, and they will. They do care, and they see your presence as welcome, overdue, and necessary to their various challenges including job loss, cut backs in health care and retirement benefits, etc. AND they are all the 99%, we all are, all but the spiritually meager 1%…unless they convert, and join the 99% too.

Open Comment, October 2011, “How to prioritize our demands in the pursuit of “economic justice,” the agreed-on theme of the Occupy Hartford movement. “Here in an off-the-cuff format are some ideas for constructive engagement in the new OWS movement. Thanks to the social media – which I firmly boycott because of privacy concerns – the Occupy Wall Street movement is replicating rapidly under the heading Occupy Together. Santa Rosa is in. Lots of discussion about “demands” and “goals”. A recent NationofChange list fails to offer more than the most generic goal of empowerment. How? In what form? How deeply? I think lists of complaints – no matter how legitimate – are not useful unless accompanied by plausible alternatives. In fact, I think this is a huge failure of the Left; the endless litany of crimes and misdemeanors by those in power reinforces our sense of powerlessness. Today we should be demanding a public works program to put people back to work. That’s a goal that will appeal broadly to all those people desperate to regain some source of income, and to those who have seen family and friends suffering from unemployment. We should be demanding reparations from the banks and investment firms that got us into this mess with their exploitative financial manipulations. We should put our legislators on the spot with demands for specific local public works projects, federally funded because only the feds can create the funding. We should create a steady stream of media-oriented events to put forward these ideas. (In this regard I think the OWS folks are smart to act out in ways that the media can’t ignore, and they have to embed their messages within the theater.) We need people to run for local school boards and counter the erosion of critical thinking by supporting teachers who share this objective. We need to create and energetically support local institutions that exhibit the best of our principles: honesty, inclusiveness, sharing and caring”. (Anon)

David Swanson, Liberty Plaza DC Occupation Arrives

Thursday, October 6th, 2011

Talk Nation Radio for October 6, 2011
David Swanson, Liberty Plaza DC Occupation Arrives
(See also part 2, coming soon.)

(Reuter’s photo) AM UPDATE: Occupied — What Now? New Developments: AM. Occupy Wall Street not evicted, Oct. 14, 2011. NY authorities fail to move them out as numbers swell. London protesters set to occupy their stock market this week, and in DC, our guest on this show keeps it up. Scroll down to see his article about events in Washington DC at Liberty Plaza, and as the US Senate, and hearings on the Armed Services Committee and Health Care are occupied.

See also video of Dr. Margaret Flowers taking on the Wall Street investment world and calling them criminals for making America’s health care system so vulnerable. http://husseini.posterous.com/great-vid-dr-margaret-flowers-confronts-the-r

Author, activist, organizer, on the ever expanding Occupywallstreet movement and www.october2011.org in Washington D.C. at Liberty Plaza, near KStreet and the seat of both U.S. governmental power and Washington’s lobbying cartels.

The occupation of Wall Street has expanded and now includes dozens of American cities. We spoke with David Swanson as activists arrived in Freedom Plaza. We talk about the movement of “freedom squares” and occupations that is spreading across the nation. (See also Occupy Together).

TRT: 29:00
Produced by Dori Smith in Storrs, CT and syndicated with Pacifica Network
Music of Fritz Heede
Download at Pacifica’s Audioport here or at Radio4all.net and Archive.org

David Swanson is author of the book, War is a Lie, and more recently Daybreak in America. He has worked a seeming 24 hour shift documenting events at Occupywallstreet, organizing and agitating for democracy. The media hoped to cover them, get a quick sound bite to define them, and move on. But occupywallstreet has gone national, and any efforts by media to portray them negatively have backfired, though they are clearly something new.

David Swanson spoke at the Rebuild the Dream Conference. You can view his speech here.

We chose October 6th because the Afghanistan War was due to begin its second decade. Over 4,000 people have taken this pledge: “I pledge that if any U.S. troops, contractors, or mercenaries remain in Afghanistan on Thursday, October 6, 2011, as that occupation goes into its 11th year, I will commit to being in Freedom Plaza in Washington, D.C., with others on that day with the intention of making it our Tahrir Square, Cairo, our Madison, Wisconsin, where we will NONVIOLENTLY resist the corporate machine to demand that our resources are invested in human needs and environmental protection instead of war and exploitation. We can do this together. We will be the beginning .”

See also: Drones Have Their Own Congressional Caucus, Do You? by By David Swanson

UPDATE: During a press conference Oct. 6, 2011, U.S. President Barack Obama has been asked about the Occupy Wall Street movement. Here is the Reuter’s report click. We will provide the full transcript asap.

UPDATE: EU Banks squabble over bail out. UK, Portugal, banks credit rating downgrades.

(note to those observing US stock markets…Even with the U.S. “positive” non farm jobs report, there are serious questions to be raised and the will be raised. Temporarily though such news can inflate stocks, and may appear to cause UK markets to rise… this in a chain reaction that has been a hallmark of the kind of manipulation that is only possibly through oil prices. Oil prices rising from about $76.00 to $83.00 per barrel provoked this mini recovery, destined to reverse over coming days and weeks. On this day traders will logically be wanting markets to have an uptick since the US stock exchanges are closed on Monday. They may need to cover margin calls, and pay off ‘bets’ that didn’t pay off, or at least retrieve cash out of the markets, prior to Monday. These are the real reasons markets move, not news stories, yet if you watch news pages on the markets you would think that the news is provoking the changes. Remember that when the U.S. stock market began to tumble this year we heard from the U.S. Government that measures would be implemented to prevent “another 2008″ though we have yet to see clear information or data on how that would be done. It appears that there are market managers working on collaboration with major investors, banks, and major share holders of the largest corporations and trading houses such as NASDAQ and NYSE who are cooperatively fixing markets at a certain rate, helping to push them up from there, and then allowing short sellers to do the rest…letting them down easy. See more on pages here over the past week.)

Panoramic view of Freedom Square… NYC, opposite Wall Street.

Formerly known as Foley Square, now Freedom Park or Freedom Square

Occupied — What Now?
By David Swanson

Thanks in large part to the New York and national corporate media a massive campaign to shift power away from giant corporations and into the hands of the people is now afoot all across this continent. It was inspired by peoples’ nonviolent uprisings in other countries and sparked by courageous nonviolence on Wall Street.

Can we keep it going and growing despite the unreliability of the corporate media? When the television networks created Camp Casey in Crawford, Texas, for us — following the courageous stand taken by Cindy Sheehan — they later turned against the movement and against Cindy. Already they are working to depict our occupations as violent, misdirected, undirected, and impotent.

Can we build the 99% awareness, the broad participation, the self-assurance, and the endurance to maintain on our own what we have never been able to create on our own without the cooperation of television? I think we can. I think this is different. There is broad popular support rapidly rising, but we will have to work extremely hard at communicating our purpose and our process. It must be universally understood that we want majority rule respected by our government for a change (including by ending the wars and taxing the rich) and that we will use no violence whatsoever to achieve our ends.

Communities

Occupations are becoming communities. We should be setting up permanent peoples’ encampments in our public squares with free medical clinics and other services, with modeling of democratic decision making, and with sharing of strategies, friendships, and legal services for those nonviolently resisting the corporate plutopentagocratic agenda.

Civil Resistance

We should continue to engage in ever more serious civil resistance. We need to nonviolently interfere with the operations of our misrepresentatives and their financial masters. Symbolism is not enough. Actual interference is needed, and actual interference also makes the best symbolism. We should be careful to target the 1% and their servants, and to minimize disruptions for the 99%. In D.C. for example, I’ve been arguing against shutting down highways and in favor of shutting down driveways of those in power, bringing them early morning donuts and coffee and allowing them to leave their streets once they’ve answered basic questions about the direction in which they will take our country with our approval.

Our general principle of targeting the 1% and doing so nonviolently should be so well understood that when corporate columnists misrepresent us, or infiltrate us in order to instigate violence, at the very least we do not begin questioning each other in obedience to corporate propaganda.

Politics

Tom Hayden was just on Keith Olbermann and, I think, said some very important truths and a fundamental lie. He said that 10,000 people sitting down in New York Streets and insisting on trials by juries of their peers if arrested could shut down the whole system. The same is true in Washington, although the population from which to try to draw 10,000 people is much smaller there. We’ve had marches of hundreds of thousands of people in these cities on weekends. There’s no reason we cannot have sit-ins of 10,000 on a weekday.

Hayden also said that President Barack Obama alone has the power to take huge steps to satisfy this movement. That’s true. He could end the wars, save $1.5 trillion, and remove the threat to Social Security and Medicare. He could also commit to vetoing any revenue or spending legislation until the top 1% is taxed at the level last seen when President Dwight Eisenhower was in town.

But then Hayden said another option would be for Obama to “lay down the gauntlet” and declare that he couldn’t do anything because the Republicans wouldn’t let him. That is not an option that will have any impact on a movement like this one. We’re not in this to elect somebody president. And we will not believe this kind of nonsense. As stated in the previous breath: Obama can end the wars if he chooses.

The Next War

It is critical that this movement be on high alert and continue to make connections between who’s paying in, what’s being defunded, and the war machine that is swallowing our savings. There is an effort underway yet again to justify a military strike by the United States and/or Israel against Iran. We need to be crystal clear: we will not stand for another war. Bombing anything is war. We will not stand for it. No crime, whether fictional or real, whether individual or national, can justify the greatest crime there is: the launching of war.

This is an opportunity to build an international movement to oppose the international corporations that fund the elections of U.S. politicians, write our trade policies, and set our national course toward that cliff just up ahead. Let’s make this into a show of brotherhood and sisterhood across borders. Let’s do this without politicians or parties. Let’s make this a people’s demand for global social justice.

And then our public servants will be permitted to do what their name suggests and serve us.

David Swanson is the author of “War Is A Lie”
JOIN HIM IN DC OCTOBER AT http://october2011.org
Roots Action, War is a Crime, David Swanson’s web site, FB, Occupy at twitter

Dori Smith on OccupyWallStreet, part 3, Wall Street in Motion

Monday, October 3rd, 2011

Dori Smith on OccupyWallStreet, part 3, Wall Street in Motion, A DAY AT THE RACES

See also part 1 and part 2 (coming up soon on Talk Nation Radio, an interview with David Swanson about Occupywallstreet and why he will be in Washington D.C. in October 2011.

A Day at the Races, apologies to Groucho Marx
8:10 a.m. October 3, 2011

Its post time at Wall Street. The horses, traders, are in the starting gate after prancing up and down and chomping at the bit. Their spirits seem high. Headlines appear on pages designed to give markets a boost every day, they ‘report’ on global markets. What is happening in the news about “futures” and Greek debt threatens to derail everything. Plus the U.S. Super Committee set up to implement America’s austerity programs doing seems shaky.

News teams that cover Wall Street are steering clear of the U.S. side of things. Congress isn’t exactly succeeding, but more shuffling around the paddock, as the horse’s grooms are preparing to try to calm things down a bit, feed them more oats and corn from the nation’s fat reserves. As all of this is happening, some of the more feisty members of the House and Senate may use some old racetrack tricks. They may drug things some by agitating. Or, they could bring the mares out of the stable to entice the stallions on the track.

This is as good a description as any for what happens on Wall Street between 7:00 a.m. and 9:30 a.m. when markets officially open in Eastern Standard Time. The Gold and Silver ETF’s are going up as much as a dollar and a half over all of the excitement. They include GLD, SLV, IAU, SVM, and many others. People may be actually poised over the ‘track’, the trading platforms they store in their computers. (Postscript… if you have managed to pull up Kitco.com’s real time charts you know that Gold and Silver are retreating again… At 10:42 it looks like this is nothing but a bump on the screen, as traders say. A blip, a hiccup, a fake out. Hope you didn’t lose any of your retirement money.)

One thing we can know for sure. A trade war has started between East and West, and throughout Europe, that will impact the globe. Lots of horses, (corporations, online trading houses, mining firms, and small businesses) could be sent back to the stable or put out to pasture entirely. The hedge funds will be stabilizing their gigantic assets into a holding pattern. Some will continue to rake in profits from contrary funds like the VIX, volatility index. During 2008 it shot up to $100.00. Right now its half way there.

For trade major houses, Goldman Sax, and major global banks, stock markets are ALWAYS open. If they want to spruce up the economy on a given day they all share the same inner peace over the idea that well, they can ALWAYS RAISE the PRICE OF OIL by a few bucks and kick start the horses, get out the whip, until they begin to bolt up up and away…

So what is really going on though? In the news we see evidence of pure fear in the markets. That despite the tentative efforts of some trade analysts we heard from over the week end who claimed the “worst was over for Greece” and markets. Now some of the analysts are also saying that Gold has found it’s “bottom”. Who is right? Who is wrong? Nobody really knows for sure, and so the trading begins as average people search out the right answers for their own failing bank accounts.

There is a headline up on Market Watch this a.m.. It reads: “Greek deficit and gold in the spotlight”. The crowd at the track twists their heads around as one to read it. Will that mean further drops in the US market toward the record we saw in 2008? Potentially, it will. Greece could actually head into “default” officially, though some believe it is a kind of default to get that close to complete economic failure.

Meanwhile, Bank of America had trouble with their web page. Was it a trial run? Were they trying to prevent the crowd from rushing to get their money as the bank begins to list like the Titanic? More of an update at 9:30.

9:30 a.m. ET Hi Ho Gold and Silver to the Rescue?

The truth about the precious metals is ever elusive. No one ever knows at any split second in time what their value will be because it is all speculative, it all depends on investing, not real value. For some of the analysts, they believe it has to go up because so many of the world’s horses, traders, are ready to burst out of the gate and pop it up. They WANT it to go up. They could WILL IT TO GO UP.

Possibly Gold and Silver have reached a temporary low as the news cycle begins anew on the first day of the month. Equally possible… the price of oil stays below $80.00. Gold and Silver tank downward. The “news” page on Nasdaq.com appears to be trending “bullish” and in the “green”. See this chart on the right of the page. Appearances may be deceiving though. The “news” sources are the site users themselves, those reading about stock values who may well have invested in the very stocks they are promoting (and probably have).

If we check out Thestreet.com we see frowns in the photo on page 1. Frowns are not good in trade terms. They are a harbinger of doom actually. Cheering up the page is the headline: “GM Sales Rise 20%, Led by Pickups” and that is a lead in for the shorts…. for those seeking to buy up shares and help the stock rise up and protest the doom.. and then they will abruptly SELL. (Here are instructions in case you would like to join up with this team. The trader who writes The Cody Word, tends to brag about how much he has made by beating other people to their profits.) Average investors will take a major loss if they sell. You can imagine that at least some people tried to save their retirements by learning how to trade online and wound up sitting hunched over their computers waiting for their investment to pay off… like the unfortunate souls waiting at the gas station as they scratch off their lottery tickets.

In China, there are efforts to lower growth and punch up inflation. Sound crazy? It’s a tactic and the USA is engaging in it as well. These are efforts to stabilize economies. Meanwhile members of Congress are offering a solution. Just tell the Chinese they have to stop keeping their currency values “artificially low” as a way to provide cheaper costs for U.S. buyers of goods. That wrinkle could affect currency markets and the price of Gold and Silver today. The reason is complicated, but on any given day the world’s most frightening super computers will be trading in currency values at the speed of light, or something close. World monetary systems will heave and crack open in big earthquake like movements, but it is all typically for the beginning of a month. Furthermore, the Chinese backed their currency with Gold a few months back. Didn’t know about that? Well during the time they were accumulating the precious metal it nearly topped $2,000. Then came the “short sell” and prices went down $300.000. Many see the price as leveling off this week.

Mining companies have expanded to the extent that their stock values may actually be falling, that according to Kitco.com’s news page where you can see a chart that moves in “real” time along with Gold, Silver, Platinum and Palladium prices as well as Copper prices.

Some of the larger stables have abruptly reported some BUY OUTS of other stables.. Carlyle Group is to buy Pharmaceutical Product Development Inc. at a per share price that would normally send traders rushing to buy buy buy. But trade is closed. Carlyle Group has loads of friends who are now getting in on the “inside” track, and they can buy while everybody else is shut out. Their stock ticker, PPDI, shot up 26%, but most people had no way of profiting. It seems likely that Carlyle Group itself managed to buy, and help others buy, at a key moment in the company’s history. Now they could push the stock back down… it’s all part of the game. Bodies lying on the ground, financially speaking, are no big deal to the world. But, do you think this could have anything at all to do with the present drug shortage that has led doctors in Massachusetts to ration a Calcium compound necessary for normal metabolism….and a lifesaving drug for premature infants? We will see how much worse things can get in the health care ‘industry’ before it’s all over).

A Chinese interest offered to buy Yahoo this morning, and the company’s stock went up about half a buck. Soon, however, came the news that Yahoo had entered into an agreement with ABC to provide combined news and information as well as video.

These news releases are all planned. The buy offer caused Yahoo to jump, and those working for the company on the global markets hoped that would give things a boost during the all important pre market trading hours when the market is being set up to rise or fall. Set up is a good word to use for those small investors hoping to catch a break. They want to avoid falling for a set up, but they have no way of knowing which story is true, or near the mark, or completely ridiculous. Reporting on stocks is a form of ‘poker’ journalism. They could be telling the truth about their “hand” or “bluffing”, either way, nobody is ever going to hold them accountable for providing information that costs investors millions.

9:45: When you study the global markets you can see immediately what the problem is for New York today other than the visitors at Liberty Plaza. Oil has fallen from 78.00 to 77.00 bucks. The Hang Seng fell nearly four and a half percent over fears that Hong Kong’s major banks were not solvent. In Japan the Nikkei went down some more. It had already collapsed after the March tsunami and nuclear disaster at Fukushima Daiichi. London’s markets fell over 100 pounds but the jazzing up of the numbers has begun. It is 9:40 a.m. in Connecticut. What we are seeing is a calculated use of capital to buy up shares and keep prices from falling. There are people known as “market managers” flailing about in New York City and before the week is out some of them may pick up the keys to the trader’s lounge, box up a few documents, and run outside into Liberty Plaza with open arms. The park and its OccupyWallStreet movement is the real “safe haven” in a global economic crisis where those created by speculative traders have fallen off a cliff.

This piece at techpresident.com by Micah L. Sifry, October 1, 2011, provides a good overview of Occupywallstreet and their growing national movement. In coffee shops and malls, at factory break rooms, and smoker’s huddles outside the door of social service agency offices…. people are talking about the folks who dropped what they were doing and showed up at the heart of the nation’s financial crisis, Wall Street. It is 2011, a year that the world’s market movers and shakers will tell their grandchildren about.

10:15 a.m. ET WAIT! Hold on to your bet tickets, a few of the horses are nearly half way round the track and there are some surprises today. Some of the younger colts have become energized over a rising manufacturing index… its only a fraction, the older veteran runners would sneeze at it, but these young boys are hot for victory. The Dow jumps up $33.00, and wait someone in the oil industry just put in a magic oil dollar! oil up from 77.00 and the Dow is rising to $41.00 and now $51 and upward!! Vwalla! It’s just after ten in the morning at Wall Street and they managed another fake out. Traders are in heaven now, they can manipulate their shorts (not those shorts) and actually make a few bucks off of the heat coming off of the track. Stimulation, as well as growth, keep all of this going. Sometimes they have to pump it up, artificially, and its definitely one of those days.

By 1:30 we may see another $100.00 or even $300.00 dollar drop. Who knows? The excitement has people drinking coffee and stuffing their pockets with bet cards. During the past few years a Military PR man nicknamed Bing West, took a bunch of Marines to Wall Street for a visit. They came away saying, hey, this is where the real war is going on. Still, it seems so predictable. Some people win, they’re on the inside track, some people lose, this goes on day after day, and in the end things always go up or at least stabilize right? I’m not so sure, and neither are a whole lot of people. From my point of view this is all leading to disaster for societies all over the globe. But the horses will keep running, and the numbers will be manipulated, and the tickers will move… and most of the capital will wind up in the coffers of the hedge fund managers and speculators who know what’s really going on. (P.S., the Marines are now at Occupywallstreet, and they say they want to protect the protesters, a rallying cry that the Tea Party supporters paying attention to the issue were happy to pick up and run with…there will be a lot of that going on as people try to ‘own’ this movement, though it seems the core group engaging in the Occupywallstreet protests have little interest in being defined by any of the usual political terms. They have broken free from the chains of debate framers in Washington and elsewhere, and are reclaiming the language of protest, as they reclaim the territory on the streets of New York and other U.S. cities.)

More at 1:30 P.M. ET, expect to see more language about how the ISM manufacturing index numbers have “soothed” and yet “stimulated” and helped the U.S. Stock Market on Wall Street. For the trading world it’s the equivalent of Reverend Billy singing out “Revalleluia”. Everybody smiles. The loading up of ammo for the Tues/Wed shoot up has just gotten started. Traders are accumulating. Soon there could be a recovery, and a crash… in that order.

1:30 P.M. ET Markets trending downward, large blue chip companies on the Dow (-222) and also stocks on the Nasdaq, (-60) and S&P 500, (down -24) are “in the red” as they say on Wall Street. Gold and Silver are about the same or lower too. And then there is the ‘other’ Wall Street, the one that is part of the whole universe of investing globally, and that is the Wall Street that is impacted hour by hour as the “Global Dow” moves up or down. Like Oil, the prices on the “Global Dow” are a big indicator (indices) for what might be coming up in the U.S. stock, bond, commodities, and even currency numbers. We are fully globalized, and those traders who make U.S. markets move must constantly look at global indices for information about what to do.

The hiccup in America’s markets earlier today did inject some capital into London’s FTSE and other exchanges in France, Germany, and even Asia. Markets moved upward, even if they stayed in the losing realm of the spectrum.
However, by 1:40 P.M. ET, things had shifted downward. What is the problem for investors? It’s the whole picture of defaults, lower values in terms of quarterly earnings, downgrades by ratings agencies like Standard and Poors, but it is mainly because the price of oil has fallen some more and that is also keeping Gold and Silver prices down. If you go to one of the trading sites on

These are the kinds of daily bail outs that markets give to one another. That’s why the Deutsche Börse decided to go ahead and buy the New York Stock Exchange, NYSE on Wall Street! If you didn’t know about that don’t worry, you are not alone. The story got only a small amount of coverage. Still, given the stakes, and that such mergers and acquisitions in the global markets will likely continue, this story could one day become the lead story of the decade… much like #Occupywallstreet itself!

This is how the significance was summed up by Dealbook, a publication of the NYT. On February 9, 2011, Michael J. De La Merced and Jack Ewing, wrote that, “A merger would potentially let customers trade stocks in New York, options tied to those shares in Paris and derivatives linked to them in Frankfurt. –A combination, after the mergers of other exchanges, would be another illustration of how globalization and technology have changed marketplaces. The New York Stock Exchange is a giant among exchanges, yet in a world of around-the-clock trading and rapid-fire algorithmic programs, its significance to investors has diminished. Once known for chief executives who were prominent cheerleaders for the stock market, the exchange now has a more muted public presence.”

In other words, markets would likely be more volatile, America’s oldest stock exchange would become less and less influential. As far as I know, no American voted for this change that might impact their retirement funds, nor did they get members of Congress to vote on it for them. There will also be a major shifting of leaders who will affect the markets globally, and in New York. Check out this Wall Street Journal story on what happened during the trade wars recently as Russia’s oil “oligarchs” shuffle for power. “At the heart of Boris Berezovsky’s lawsuit is an allegation that Mr. Abramovich intimidated him into selling his 21.5% stake in the Russian oil company OAO Sibneft for much less than its real value,” notes writer Guy Chazan. Berezoveky wants $5 billion in damages.

These types of battles will be raging over oil and other commodities for the duration of our natural lives. The question is, will we continue to lose all ability to have a voice in what the corporations, and their friends in U.S. governments, do on our behalf? Furthermore, as we see protests in Germany, Greece, France, the UK, Canada, and America, how much can we know at this point about which forces, and in which countries, will dictate the terms of our financial futures?

2:30 P.M. ET: After the a.m. merger activity, the markets sorted out who had the controlling influence for today, October 3, 2011. They decided which news story, which traders, and what monetary forces around the globe, would be leading the markets. We cannot know if it is the news, or the trade activity itself that is leading markets. Stories about defaults in Greece are definitely having impact, but couldn’t this be just another cover for another process that is far more predictable… for a certain class of society. The 1 percent, and their super computers.

We used Nasdaq.com, Market Watch, Nightly Business Report, Seeking Alpha, Yahoo Finance, Google Finance, Twitter, Facebook, and Occupywallstreet analysis! We’ll take a look at biases such as location, Market Watch is published in Israel by News Corporation, home to the Murdoch family. PBS hosts commercials, and relies on trade analysis from some of the very same companies they are reporting on. Etc. Overall, there is typically a lot of posturing and bluff, with most of the news sites about markets trending positive, even when markets are in deeply negative territory.

And remember what we said in part 1 about Raymond James, how they charged $80.00 for a trade, and didn’t necessarily tell people how to buy stocks at the “best” rates of the day or month? Here is their web site just FYI. We are trying to be fair, and not show preference for any company, trade information or news outlet, or online trading service. We can confirm that FINRA, the The Financial Industry Regulatory Authority, has in fact fined Raymond James & Associates, Inc. $425,000. The company has been ordered to return some $1.69 million to investors, as excessive commission fees.

See more on SUPER COMPUTERS in Part 4.

Dori Smith on OccupyWallStreet, part 2, Wall Street in Motion

Sunday, October 2nd, 2011

Dori Smith on OccupyWallStreet, part 2, Wall Street in Motion

It is a schizophrenic ballet. In part 1 we noted that one analyst had predicted an “UP” day for markets on Monday, October 3, 2011. If you researched the link you may have learned about “swap spreads” and also capital flight out of Europe. Where would it go? Potentially West or to Asia, East. Here is a report that provides information one might see as the “opposite” to that take. It notes that Greek Budget might fall short of targets on the deficit. That’s negative news, right? Not if as we said in part 1, the market might recover in the West on October 3rd because Eurozone money will move from over there, to “over here”. That is the “safe haven” investing effect. It is seemingly schizophrenic, but in markets, what is good news for one party is often bad news for another. That is part of what makes markets go up and down, as individual companies and other things of value gain, or lose, share price. (Note that share VALUE is very different, you’ve got to study balanc sheets to grasp that.)

In a report that cites Reuters as a source, the authors at Market Watch say: “Among the measures under consideration was the layoff of 30,000 government workers, according to reports. Greece is seeking a tranche of aid totaling $10.7 billion as part of a larger bailout package received early last year. The money is needed to keep the Greek government running after the middle of October.” — This clarifies what the impacts are on society. The first part of the story clarifies the impact on markets. Never the twain shall meet, in financial terms, not any more.

That is because the market “managers” and the other movers and shakers on Wall Street and in the now globalized system of markets, have set up a Separation Wall. It’s like the wall created to separate the Germans, or the Palestinians and Israelis. — On one side we have those participating in the siphoning of profits. On the other meet the people who are suffering losses.

The language being used to describe events in Greece sound much like the language being used to assert the view that the American people have a “crisis”, and “their economy” is slipping, and there is a “debt crisis” going on. If you asked the average person though, they would likely be hard pressed to see their role in events. Still, we generally understand that we are being told that there is not enough money in the treasury to pay for the operations of the government on behalf of the people.

Or is there? And anyway what does that mean? Essentially the capital has been walled off, separated from society, and government ‘plus’ accounts, and the resource involved, be it money or real estate or gold and silver or corn, wheat or rice, or cattle or pigs or chickens… are all more owned by those leading the market of today than by “we the people” –of the world. We are on one side now, with our slipping retirement accounts. They are on the other. They are securing what they took over the years since 2008, when the used various types of sophisticated global trading methods to separate out our capital from our accounts, place it into theirs, and seal up the wall so we couldn’t EVER get it back. Remember, the markets have “recovered” since 2008, right? Thus we should show a profit of some type. But we don’t. We have a loss, and a big loss, in most cases, and that is no coincidence, nor is it a matter of what happened in the news, or even in our debt crisis such as it is. That happened TO US because of a calculated effort to actually separate us from our wealth.

The folks gathered in Liberty Park may well be demanding that the government represent them in getting their capital back. Some of these people may have lost their life savings. Others know that there is no longer any way for them to obtain the kind of wealth necessary to retire, purchase health care, send their kids to college, and even feed their families. Their complaint, as I hear it now, is that across the board they are not being noticed any longer. The markets are now operating as if the companies within them are alive, sentient human beings, needing protection, cuddling, and diapering by global citizens who pay taxes to governments. Those governments have gotten increasingly sensitive to the folks whose wealth is walled off in the plus column, on the ‘side’ with all of the wealth. Instinctively, the people in New York City KNOW THAT.

They know they are watching the kind of ballet where the king and queen live on in fairy tale comfort, while they are given less, and less, and less, of any share of what is valuable.

CREDIT and MARGIN TRADING MADE ALL OF THE THEFT POSSIBLE: Previously we talked about margin calls and trading in options, or futures. Governments and banks have in common with such traders that they always operate “on the margin” to to speak. There is never the exact amount in government bank accounts to pay bills or make things work on perfectly on a balance sheet.

The people have not had an easy time getting credit, and small businesses have struggled to obtain loans. Yet major corporations are FLUSH with cash, and THEY CAN GET ALL THE CREDIT THEY WANT.

Sidebar comment: Governments are being pushed all the time to operate as if they were citizens, not wealth holders worthy of credit. For example, try to imagine if governments were FORCED to maintain exact amounts in resources to pay their bills. Could they pay bills? Of course not. Their balance sheets are usually tilted toward the red, and right now they are wildly in the red with all of that borrowing from China. But imagine if they couldn’t provide for citizens ON THE MARGIN, in futures, with credit AT ALL? That would be just like asking the US Postal Service to put enough money in their accounts aside to pay for some 75 years of use of a pension fund. That would be impossible… right? Well of course the US Congress passed that very bill during the Bush and Cheney years.

Bush, Cheney, and various “wealth holder representatives” helped the fabulously wealthy, to get into a position where they could dictate to both societies AND their governments. Governments are really beggars, just like we the people are… and so in their law dictating to Postal Workers, they gave them, and their families, and all of the support staff worldwide that accepts U.S. Mail officially, an impossible task.

Or did they? Not if you ask them. They see things PROFOUNDLY differently. If you can’t keep up, sink and go away. If you are a government and you don’t have enough savvy or resources to make it? Go away and don’t bring THEM down. They are saying that to various EU nations such as Greece… we’d like to do without specifically you…you are not STRONG enough to keep up so go away.

That type of mind set forces corruption into the system because it forces governments to fudge things. Now in the view of some global wealth holders, the bill that helped them merely forced the postal service to get better at fudging things. So what? Everybody fudges now right? The market is a gigantic FUDGE FACTORY and hey, people LOVE sugar. Essentially, they hoped the U.S. Postal service would learn to swim with the sharks or perish, making way for the private sector to step in and allow the operations of mail to become yet another globalized money maker for the monster that has been created amongst hedge funds, large banks, and multinational corporations. They fudge the numbers A LOT and nobody blinks. They also rely on analysts who tell the story of their stock values for them, and those individuals can lie, fudge, all they want to, they are not the company itself. So there are layers and layers of protection. Why the US Postal Service has none of that, so what can it do? Move aside, Bush and Cheney would have argued… make way for the new and better system we are offering you, and which NAFTA and CAFTA and all the AFTA’s have supported.

More after my interview with David Swanson, which I’m taping at 7:00 PM. Also kind thoughts to the lovely gals who told me about some local problems at their work place where some workers may lose their jobs just a few weeks before retirement. Shame, but there is hope. Tune in to the news on OccupyWallStreet and be amazed. There IS something to believe in again. It’s US. WE CAN WORK TOGETHER. It will also help our smaller companies, the ones where we actually work, if we can help to protect them by demanding that we be protected, looked after, and that the companies can work outside of the constant demands that Wall Street has placed upon them to GROW, SWIM WITH THE SHARKS or perish. That has of course meant cut backs in your hours, your salary, your benefits, and your pension or retirement…. or losing jobs altogether… so that the almighty GROWTH can be displayed for markets.

News TIP: In part 3 we will look at how individual stocks, companies, get advertised beginning at about 4PM Sunday, on the day before markets open on Monday to start a new week and in this case, a new quarter. Trade sites that do “news” on markets begin to tell readers what to “watch” for the following day, and the information goes round the globe in a phenomenal insider trading analysis that can often be so intense that you might ask, “hey is this all legal”? Ironically, even traders joke about all of that now. They KNOW it shouldn’t be legal, and they are SHARING A GOOD LAUGH AT US ALL, THOSE OF US FEEDING THEIR BANK ACCOUNTS, HELPING THEM KEEP THEIR JOBS.

Let’s say you were watching markets for a good buy. You would look at where stocks have been during the past few years, analyze what you think as to how strong the company is, and chose right? But how would you know whether or not you were buying what the company and its stock is WORTH versus what a given media outlet has told you it was worth? The answer is simple. You could not under any circumstances know. Coming up soon though we will show you how you can get a pretty darned good idea…by watching the trades, even those done on super computers, AS THEY HAPPEN. Meanwhile, check out this stock, for a company named Agilent, which typically does well over the year. Agilent was listed as one of the most often short sold stocks. France, Italy, and Spain, tried to implement a ban on short selling, but there is tension as they see increasing pressure to lift the ban. There was an attempt at such a ban in America in 2008. Wall Street had collapsed, companies had lost more than 75% of their stock values in some instances. So Washington tried to ban short selling on the stock of more than 800 banks and related financial companies. Still, the strong dominate the weak in any argument over the regulation of markets, and the weak tend to lose even more of their capital whenever they try to take on the so-called, 1%, the wealthiest investors on the planet. If they want to keep pulling the capital, the profits, out of countries that are struggling financially, they can, and nobody can do a thing about it. Think of the Mongolian Stock Exchange butting heads with those who run America’s Dow Jones Industrial exchange. Not a fair fight. And it’s equally unfair when you are talking about Japan during the months following an earthquake, Hong Kong in the midsts of a banking crisis, or even the UK versus Germany. The weak keep losing capital. The strong keep acquiring it.

Could the markets fall down to such a significant low that companies go bankrupt and go out of business? How might that impact the global markets, and specifically the USA? In fact, companies are often cash rich despite the fact that their stock has fallen. Sprint, (ticker S) managed to scrounge up $20 billion for purchase of some Iphones from Apple. Note that on October 34rd 2011, The Wall St. Journal and Market Watch reported that Sprint would be sinking about $20 billion into Apple for purchase of iPhones. Where might a company with a stock price of $2.71 per share come up with that kind of money? The answer is that they don’t really need to have the stocks performing all that well to have money enough in the bank to operate. Often, in fact, they are investing capital, moving it around into other companies… or putting it into hedge funds for experts on raiding markets to manage for them. That money of course keeps growing as there are layoffs, cut backs, and new ways being found to provide technology more cheaply. (Five minutes after their headline about Sprint’s purchase of Iphones, Market Watch spun out another headline: “Sprint hit by report of expensive iPhone deal”. It was not a great thing, not something people should buy shares over. It was actually a scandal.)

Thus, using short selling and PR and advertising the markets are driven up and down, and the super computers and and day traders go on and on. Large and small traders who invested low and rode the stock market up, could then sell high. They then used their profits to sell at a point (often in coordination) where they predicted the stock would rise to… and at that very moment the big trades occurred slamming the stock back down often as much as five dollars per share in one day. What just happened investors wonder. The stock was sold short. At a loss for you, maybe, in terms of the stock’s value over the long term. At a gain for “them”.

Look at Agilent’s history, stretching out the stock chart to see the long term, short term, and a few days. Notice how you can draw a line where the bottom of all the up and down “loops” go and at the top of them too. The stock rises to a certain point, maybe 40 to 50 bucks. It falls to a certain point, maybe 25 to 40 bucks. All of the activity in the middle is window dressing, and for some, it means the siphoning has been achieved.

The capital, the wealth, the value in the stock, had been moved from the negative column for most of us into the plus column for the wealthy of the world and their amazing super computers. Mission accomplished right? See here here and here but don’t miss here either. That is the site where Agilent trades in French! Happy researching.

Disclaimer: These are not stock tips. They are just a portrayal of what markets do, of individual stocks, or in general. And hey, I’m not making money right now…?) either.