Breathing Life Into Phony Wall Street Meme

The Daily Bell
October 3, 2011

Wall Street: From Protest to Politics … When elected leaders largely ignore a disgrace like the financial collapse of 2008, sooner or later popular protest fills the vacuum. The Wall Street protests are heartening – but also a measure of the utter failure of the usual machinery of democracy to remedy the worst pillaging of regular Americans by financial elites since the 1920s. For three years, we have been wondering, where is the outrage? For a time, it was co-opted by the Tea Parties – a faux populism, attacking government, financed by billionaires, delivering nothing to the 99 percent of Americans not represented by Wall Street. Now authentic protest directed against the real villains is finally here. The ingenuity of occupywallst.org, its spread to other cities, its blending of Internet-organizing with on-the-ground protest, is inspiring. – Huffington Post/The American Prospect

Dominant Social Theme: The tide is rising. Popular indignation and outrage will give way to political reconfigurations.

Free-Market Analysis: This article by Robert Kuttner, co-founder and co-editor of The American Prospect, is in our view a perfect example of the way the Occupy Wall Street meme was supposed to play out. The positioning (see excerpt above) of the protests is likely intended to replace the Tea Party and to create credibility for the current faux-populism now playing out.

Who is Kuttner? He is a “Distinguished Senior Fellow at the think tank Demos, and a longtime columnist for Business Week, who continues to write columns in the Boston Globe.” In this column, he claims that the Tea Party was “financed by billionaires” and delivered nothing “to the 99 percent of Americans not represented by Wall Street.”

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16 Responses to “Breathing Life Into Phony Wall Street Meme”

  1. The Fed and WallSt. are one in the same ,the 13 familys that came over on the boat with Washington and are symbolized by the 13 stripes on the flag ,13 being a coven of witches,rule . Its a fact ,its on paper you can go do the research,13 familys control the world.Money isnt there interest? They have always had all the money and have always decided who gets to be the next Roman empire.They create money out of nothing when ever they want ,deperciate it,inflate it ,what ever they want as there is no accountability.They own the armys of the world,the cops ,all the industrial complexes . If money was so important they would not be planning on exterminating all there customers who by all there crapolla,would they? The reason they are so evil my friends is because they have a religon that says Satan is a god ,it is there mania and first love . Truely the movie Eyes Wide Shut ,as filthy as it was shows a little bit on what were dealing with here. The tip of the iceburg is the cult of Freemasonry then below the waterline is the Skull and Bones and deeper yet the Brotherhood of the Snake . Doesnt seem strange that the top teer familys that control the world ,have all the hidden technologys and sciences ,believe that Satan is a god? No one will enter the new world order unless he or she ,will make a pledge to worship Lucifer,no one will enter the new age (novus ordo seclorum) unless he will take a luciferian initiation, David Spangler ,director of planetary inititiative , the U.nited N.ephilim ,Jesus Christ is Lord ,nibirupedia.com

    • The 13 stripes on the American flag stand for the 13 original colonies. One could only wish some of those original 13 were doing a lot better economically. Nantucket used to be a great place to spend time on, now it is overrun with tourists. The same for Martha’s Vineyard. Too many self important globalists and idiots racing all over the islands with Land Rovers. It used to be a great place for biking and then swimming, now you can smell the fumes from the corporate jets at the airports. Top tier families have made a mess of their zones. Greed!

  2. Satan owns Wall Street.

  3. That young girl holding the sign has the right idea. Occupy everything. Everybody become squatters and refuse to leave everything until the US turns back into the US I grew up in. She deserves the same opportunities and freedoms I enjoyed during the 80′s.

  4. True but not with Corporate Welfare of our tax dollars and Bailouts that are never repaid.

    END the FED
    END the FED

    Read Creature from Jekyll Island

    youtube

    /watch?v=GrvNQAyVO5A

  5. 100 years is long enough.

    It’s time to END THE FED.

  6. Turn this around Glass Steagall we need a new Glass Steagall we need a new Glass Steagall

  7. all of this protest is nice and encouraging but true fact i still know people that work in wall st, and i ask them how can they laundered 500 million dollars of drug money threw wall st and he replied easy and smile, until we don’t change that culture they gonna keep laughing from their 33th floor office window behind their private security and zipping champagne.

    • The Fed, banks, and corporations have a right to make profit just like anyone else idiots.

      • True but not with Corporate Welfare of our tax dollars and Bailouts that are never repaid.

        END the FED
        END the FED
        END the FED

        Read Creature from Jekyll Island

        youtube

        /watch?v=GrvNQAyVO5A

  8. This Wall street Protest is definitely a peeing up the wrong tree scenario, these ACORN and University student Sheep Libtards, should be protesting the Federal Reserve!

    They are going to screw themselves into slavery!

    George Soros and Obama love these dumb Socialists!

  9. Lloyd’s of London ABANDONS
    European banks!

    “Banks could be taken down,”
    says Lloyd’s finance director.

    Dear Investor,

    Without warning, Lloyd’s — the world’s oldest insurance market — announced that it has withdrawn its money from European banks.

    The reason? According to Lloyd’s, the banks are in danger of failing as Europe’s debt crisis continues to intensify.

    The company’s Finance Director, Luke Savage, put it simply:

    “If you’re worried the government itself might be at risk, then you’re certainly worried the banks could be taken down with them.”

    Which European governments is Lloyd’s talking about? They’re not saying.

    But it IS interesting to note that Lloyd’s didn’t just withdraw its money from Greek banks; it withdrew its money from banks all over Europe!

    One thing you can be sure of, though:

    When the world’s oldest insurance company …

    A firm that for 323 years has made its living by accurately calculating the odds of future disasters …

    When that company suddenly takes its money and runs, it’s a MASSIVE red flag for investors — a clear sign that the beginning of the end is near!

    Lloyd’s has every reason to worry. In addition to the government debt crisis that’s threatening to destroy European banks, a huge credit crisis is spreading across the Continent as well.

    Spanish and Italian banks are rejecting massive numbers of loans and charging customers more as the sovereign debt crisis continues to drive their own borrowing cost higher.

    Any way you look at it, this shrinking of European credit markets is the worst kind of downward spiral:

    The government debt crisis is making it harder and more expensive for banks to borrow money; the banks are passing those higher costs along to borrowers.

    Corporations have to pay more to borrow; their cost of doing business is rising.

    Consumers can’t or won’t borrow at higher rates, so corporate earnings plunge.

    As corporate earnings evaporate, the taxes they pay also plummet.

    Falling tax revenues cause the government’s deficits to explode higher, driving the banks’ cost of borrowing even higher.

    And so, the death spiral continues …

  10. What isn’t financed by financiers? Including our government–all three balancing branches.

    Good grief, why is this news? The protests, as do all demonstrations, include across-the-board demands, some valid, some narrow and specific, some all-inclusive to the commonweal.

    Sift through the videos on Wall Street marchers and decide if they represent America…they do, proving there is diversity and a healthy desire to see all factions have voice. There is a narrow difference between the liberal unionist and a radical socialist–not as wide as between the billionaire financier and middle-class bread winner.

  11. Yeah there’s a lot of corporate illuminati influence in both the tea party and the occupy wall street protests, but they both started out with the right thing – that is being co-opted. This was to be fully expected. Just soldier on I say. Keep fighting the infowar, these protests are a great way to educate those present who have their heads up their asses. If you find one that is rigid in their indoctrination, move on to the next one. Educate Educate Educate. The only way to assure liberty is for the whole of the people to be educated in the message of liberty. The good side of that is that once everyone is educated, then you have assurance of your liberty.

  12. Give me a Tea Partier over a default liberal anyday. I’d really like to see someone take a survey of the protestors and see how many agree with Obama’s plan to make the “rich pay their fair share”, then ask them how much of the total income tax the top 10% pay, then how much the bottom 50% pay. Maybe then we could also ask an extra credit question and see if they know who has financed the Left throughout history, maybe see if they know which party filibustered the Civil Rights Act, then a T and F: Al Gore has a major stake in a major oil company, The Federal Reserve is a part of the government, Obama has ended Bush era policies and scaled back his wars.

  13. Occupy the Fed

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