Obama and Congress ARE Wall Street, Geithner IS the Federal Reserve — Now What?

Eric Blair
October 9, 2011

photoIllustration: Rob Sheridan.

Obama and his 2008 presidential challenger John McCain both received more money from Wall Street donors than their combined lifetime government salaries.  It was a billion-dollar-plus campaign.  In fact, all of Congress makes more from Wall Street and corporate campaign contributions than their public salaries.  It is the nature of the modern political system.  And Timothy Geithner, despite cheating on his own taxes, was plucked from the New York Federal Reserve to serve as U.S. Treasury Secretary.  So who can the People turn to for solutions?

Some very well-meaning people have suggested apparent solutions to alleviate some of these challenges.  Some have called for a separation of money and politics.  Some have called for ending the Federal Reserve System.  Some have suggested a complete write-off of all fraudulent debt. Some want higher taxes imposed on the well-to-do.  Some demand more free government services like healthcare and higher education.  Some say ending the wars at home and abroad will be the cure-all.  Each of these proposed solutions seem to have some attraction, but they also have flaws that need to be addressed.

Remove Money from Politics: In theory the separation of money from politics makes sense. Some have put forward the idea of publicly financed campaigns, which would certainly level the playing field for everyday citizens to compete in elections against generations of elite public servants. However, this theory is much like the
failed war on drugs — if there is a demand for something, there will always be a supply no matter how many walls are built.  If there is a demand for corporate influence on policy, their money will always find a way over those walls.  They may buy direct advertising to advocate for a certain policy, or simply buy unaccountable government regulators to do their dirty work — both of which already occur.

End the Fed:
Congressman Dennis Kucinich, who is widely respected as one of the only champions of the people and the Constitution left in government, suggests absorbing the Federal Reserve Bank into the U.S. Treasury to print and spend interest-free money into the economy. Although this may be one of the best short-term solutions, Geithner and the executive branch will then control the issuance of currency.  Although they are more accountable to the People, they still represent the status quo where the same cabal will likely benefit.  Similarly, presidential candidate Ron Paul wants to end the Fed, but first by legalizing competing currencies so that no single entity wields power over the issuance of money.  Presently, either of these actions would be a huge step forward in resolving our current bondage to debt-based monopoly money, but they are still merely just the beginning of reform.

Complete Debt Forgiveness: I have been one of the advocates for a complete write-off of all fraudulent debt, essentially hitting the economic reset button.  This act would zap all of the power that the banking cartel has over governments and individuals.  Although I truly believe this to be the only way out of this mess, it may require an entirely new free and fair financial structure in place when the button is pushed, or the same group of thugs will likely maintain their control over the system.  A new monetary policy, banking system, credit rules, and stock exchange would have to emerge for such a reset to be effective. Perhaps an Economic Constitution is needed to lay the framework first.

  • A d v e r t i s e m e n t

strongTax the Rich: Those calling for higher taxes on the wealthy may have their heart in the right place, but this is perhaps the worst of the proposed solutions.  This will change nothing fundamental about the system that enslaves the peasants.  Secondly, at this point, who could trust the legislation to only target the elite who hide their assets offshore anyway?  And, pragmatically, increasing taxes on the rich won’t even make a dent in the astronomical national debt, future obligations, or even current expenditures.  Taxing the rich will not create long-term jobs or solve the problem of how the money is created or spent.  More short-term tax revenue may only encourage more government, more spending on wars, the surveillance state, financial bailouts, and subsidies for mega-corporations.  Notably, taxing short-term speculative Wall Street trades (some version of the Tobin tax) seems to have some validity. But in the end, this just gives more money to a disgustingly corrupt government which will still be heavily influenced by big corporations.

Free Education and Healthcare:  Understandably, it only seems fair that if society can produce untold trillions for war and bailouts of fraudulent industries, there should be enough money to educate and maintain the health of its citizens.  Still, free healthcare and education has become synonymous with socialism in our modern society because money must be taken by force from someone else to pay for these “free” services.  Sure, in a perfect society one should have the equal freedom to pursue any level of education based on desire and ability without concern for cost.  And certainly, no one should die or go bankrupt because they lack adequate healthcare.  However, this ultimately becomes a question about the role of government, and the Constitution currently does not give the authority to provide for such services.  Then again, it also doesn’t allow for undeclared wars and corporate bailouts either.  No matter what it will be called, or how it will be paid for, until society determines that the health and education of its populace is of utmost importance, it will remain an ill society.  An entirely new system may need to be dreamed up for this to work for everyone.

End the Wars: Yes, yes, and yes.  End the foreign wars.  End the phony war on “terror”.  And end the war on drugs.  They only benefit those funding the wars (with interest) and the pirates who the government gives the spoils to.  Because no average citizen ever wants war, it leads some to believe that all wars have been baited by these beneficiaries — and they wouldn’t be wrong.  Unfortunately, for too long we have taken the bait and they have gotten their spoils.  It is time to stop this insanity.  Significantly, this is one of the only practical solutions that will have minimal blowback.  It will save trillions in public spending and immediately bring more harmony to the planet.  However, America will face the very real challenge of creating new employment for returning soldiers, contractors, and laid-off weapons manufacturers, as well as DEA agents, prison guards and others who participate in perpetuating the war on drugs.  So, even though ending all wars is the only sane policy, by itself it is not a silver bullet for economic woes.

Indeed, these are exciting and transformative times, and the People will eventually get what they ask for.  However, they must be careful in what they ask for because the same power structures that they’re currently protesting may ultimately end up with more power.  Unless, of course, part of the solution is to remove the corporate state’s power to coerce people in the first place. Therefore, a good place to start may be to demand more personal freedom while curbing the rights of multinational corporations and the government itself.

Regardless, the enormity of the problems require that many groundbreaking proposals are put forward and examined.  Please leave your comments and suggestions of what you think needs to be done.

Eric Blair’s post first appeared at Activist Post.

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14 Responses to “Obama and Congress ARE Wall Street, Geithner IS the Federal Reserve — Now What?”

  1. I agree about taxing the rich in the sense it won’t solve anything, anyone who cares about it by definition is paying taxes. You need to target the ones who aren’t, because it is this in part which is allowing them free reign to do whatever they want. And this is a global problem, or they will just move to wherever lets them do it.

    Having said that, they need to wake up and realise that taking it off the poor isn’t going to work either as well as being at this point verging on inhumane, and there has to be a plan B or it will happen.

    Regarding wars, Afghanistan worries me at the minute. Because it is starting to look to me like one of the aims, and certainly results, was to control the world’s opium supply. There are reports showing that farmer’s in areas of conflict tend to grow more. So what happens if we now just pull out?

  2. I think this guy has about covered it all!

  3. Obama is actually the elected spokesperson for big business yet few people realize that since he’s democratic. It was all part of their plan to “transform America.”

    Like every place online the truth is being buried. Did you know that Sarah Palin is a spy used to catch a large organization attempting to overthrow the U.S.? This organization includes the main stream media which is why the truth is being suppressed. The media has been forced to cooperate with an on going “investigation” into this organization.

    In layman’s terms Obama was turned after the election into a spokesperson for the Pentagon who staged a coup and will not give up control of the country to the next freely elected president. If you want to live in a democracy, read and SHARE this story. Search PalinsDirtyLittleSecret.blogspot before it’s too late.

    • BUT,
      If you want to live in a CONSTITUTIONAL REPUBLIC,pay no attention to anyone that posts invitations to~
      It is nothing but wanna-be spooky crap that can’t possibly do anything to help the “truth movement”

  4. **************************************************************************

    If you care about Ron Paul and his success then sign this petition. We all need to give it light so the issue is brought to the table. End electronic voting!! Sign the Petition, here is the link just copy and paste it! Dont forget to remove the ((( ))) out of the link before you paste it.

    We need 150 votes to make it publicly searchable.

    *********Remove the ((( )))


    Go the extra mile and post the link on your favorite social networking site or send it to a friend. It will only take you an extra minute. Please people if we want to end anything, the fed, the Obama regime, the wars, we must end the way the globalist control our votes. Please help out here, Im doing everything in my power.

    Alex you should reference to the link in a article. Lets make it happen people! God bless American and are last hope.

  5. How about we carve out the Executive branch and amend the Constitution to limit its power? We also need the media in our hands. We need the media to report on the truths of fluoride, MSG, aspartame, the potential holocaust that is GMOs, and so on. Getting the public pissed off enough that they demand a total emasculation and castration of government, leaving only those who aren’t criminal scum, will be good. Our government not only destroys America, but it has for long enough massacred and destroyed families around the planet. Our government is a disgusting cancer. What it has done is beyond words. If a movie were created about our government, it would make a movie solely about starved concentration camp survivors look like a romance.

  6. Bernake”’s head is going to be worth 100,000.

    • His penis is worth $6.42.
      Hope he didn’t recreate with that awful thing!
      If he does have kids, I hope some High cost, terrible , long lingering disease takes every one of his children, his wife has a stroke,and his mother is raped and murdered by band members of Twisted Sister.

  7. What people need to do is REDUCE demand for Federal Reserve Corporation notes. The People need to turn to using an alternate currency for daily local buissness. I have accrued a list of local printed currencies.

    Intra-companyThe Barter Network

    InterstateBlue Money Brattleboro, Vermont and Chesterfield, New Hampshire
    BNI[2] Delaware, Pennsylvania, Maryland, New Jersey
    DelValley Silver [1] Delaware Valley (Philadelphia area) never more than $1.50 over spot
    Disney Dollar Disneyland and Disneyworld
    Fourth Corner Exchange Pacific Northwest
    RiverHOURS Columbia River Gorge

    Flagstaff Neighborly Notes Flagstaff, Arizona (inactive)
    High Desert Dollars Prescott, Arizona (inactive)
    Tucson Traders Tucson, Arizona

    Area Bucks Palo Alto, California[citation needed]
    Barter Bucks Concord, California
    Berkeley Barter Network Berkeley, California
    Berkeley Bread Berkeley, California
    Humboldt Hours Eureka, California and Arcata, California
    Mendocino SEED Fort Bragg, California
    North Fork Shares North Fork, California
    San Luis Obispo Hours San Luis Obispo, California
    Sand Dollars Bolinas, California
    Santa Barbara Hours Santa Barbara, California
    Santa Monica Hours Santa Monica, California
    Sequoia Hours Garberville, California
    Sonoma County Community Cash Santa Rosa, California
    TradeMarket Nevada City, California
    Ukiah Hours Ukiah, California

    Butte Bucks Crested Butte, Colorado
    Carbondale Spuds Carbondale, Colorado
    Community Cash Durango, Colorado
    NOCO Hours Fort Collins, Greeley, and Loveland, Colorado
    North Fork Helping Hands Paonia, Colorado

    Middletown Cash Middletown, CT, Wesleyan University
    Thread City Bread Willimantic, Connecticut

    District of Columbia
    Potomacs Washington, DC

    Tampanio Tampa, Florida (a proposed currency based on the BerkShares Model for Tampa, Florida and surrounding communities)
    Timucua Dollar Jacksonville, Florida

    Atlanta Hours Atlanta, Georgia

    Kauai Barter and Trade Network Kilauea, Hawaii

    Boise Hours Boise, Idaho

    BloomingHours Bloomington, Indiana
    Liberty Dollars Evansville, IN

    Wash Bucks Sioux City, Iowa

    REAL Dollars Lawrence, Kansas

    Berea Bucks Berea, Kentucky

    Mo’ Money New Orleans, Louisiana

    Waldo Hours Unity, Maine

    Anacostia Hours Mount Rainier, Maryland
    Baltimore Hours Baltimore, Maryland
    P.E.N. Neighborhood Exchange Takoma Park, Maryland
    The BNote [2] Baltimore, Maryland

    Amesbury Hours Amesbury, Massachusetts
    BerkShares, Southern Berkshires, Massachusetts
    Cape Anne Dollars Gloucester, Massachusetts
    Valley Dollars Greenfield, Massachusetts

    Bay Area Bucks Traverse City, Michigan
    Detroit Cheers Detroit, Michigan
    Hollandollars Holland, Michigan (being discontinued but honored by local chamber of commerce

    Hero dollar Minneapolis, Minnesota

    Chamber Bucks Maryville, Missouri
    Kansas City Barter Bucks Kansas City, Missouri
    Marbles Columbia, Missouri
    Hermann Bucks Hermann, Missouri

    Missoula Hours Missoula, Montana

    New Hampshire
    Shire Silver

    New Mexico
    Santa Fe Hours Santa Fe, New Mexico

    New York
    Brooklyn Greenbacks Brooklyn, New York
    Buffalo Hours Buffalo, New York
    Capital Area Self-Sustaining Hours Albany, New York
    Chenango Hours New Berlin, New York
    Columbia County Hours Philmont, New York
    Ithaca Hours Ithaca, New York
    Stoneridge Hours Kerhonkson, New York

    North Carolina
    Asheville Dollars Asheville, North Carolina
    Bull City Bucks Durham, North Carolina
    Mountain Money Mars Hill, North Carolina
    PLENTY Pittsboro, North Carolina

    Cuyahoga Hours Cleveland, Ohio
    Portage Hours Kent, Ohio
    Simply Hours Columbus, Ohio
    Summit Hours Akron, Ohio
    Wooster Hours Apple Creek, Ohio

    Tulsa Hours Tulsa, Oklahoma

    Cascadia Hour Exchange Portland, Oregon
    Columbia Community Exchange Columbia County, Oregon
    Gorge Local Currency Cooperative Hood River, Oregon
    Jefferson Rounds Coos, Curry, Douglas, Klamath, Lake, Jackson, and Josephine Counties
    HOUR Exchange Corvallis, Oregon
    PDX Timebank Portland, Oregon
    Xchange Stewards Portland, Oregon

    Lehigh Valley Barter Hours Bethlehem, Pennsylvania
    Ormita Commerce Network Barter System Pittsburgh, Pennsylvania
    Equal Dollars Community Currency, Philadelphia, Pennsylvania
    Timebank Media, an initiative of Transition Town Media. Media, Pennsylvania

    South Dakota
    Brookings Bucks Brookings, South Dakota
    Hobo Dough South Dakota State University, Brookings, South Dakota

    Riverbend Tokens Chattanooga, Tennessee

    Greyhound Bucks Taft, Texas
    Houston Hours Houston, Texas
    C-City Cash Colorado City, Texas

    Bristol Bucks Bristol, Vermont
    Buffalo Mountain Hours Hardwick, Vermont
    Burlington Bread Burlington, Vermont

    Floyd Hours Floyd, Virginia

    Bainbridge Island Bucks Bainbridge Island, Washington
    Kettle River Hours Kettle Falls, Washington
    Kitsap Hours Bremerton, Washington
    Lopez Island Hours Lopez Island, Washington
    Skagit Dollars Mount Vernon, Washington
    Fourth Corner Exchange Washington, Oregon, Colorado, New Mexico, Ohio, California

    Chamber Bucks Eau Claire, Wisconsin
    Madison Hours Madison, Wisconsin
    Milwaukee Hours Milwaukee, Wisconsin

    As you can see, no matter what State you live in, just about, there IS a local printed currency for you to turn to using.

    • Does national commerce (ie. Walmart etc.) accept these “local” currencies?

  8. and the cops were seen roughing-up Ron Paul but their tactics went to the advantage of the peaceful protestors. for they could NOT arrest 700 Ron Pauls and get-away-with-it.

    700 Ron Pauls saying WE are Ron Paul negated the potential, and planned co-opting in those days.

  9. In those days they all were holding Ron Paul Mask in front of their faces with one hand and a sign of liberty in the other hand. Everyone chanted Obama and Congress are Wall Street and Geintner is the FED BUT louder they finished the [what became routine] saying ””””””’
    “”””””””””””WE ARE RON PAUL”””””””””””””””””

    WE are Ron Paul which meant they are in full agreement

    WE are Ron Paul

    SO the MSM commanded and controlled media could only cover faces of Ron Paul which helped with message delivery in a corrupt, rigged system. That was in 2012 at a time when the Nation had awakened but had major obstacles to get the message out.

    But the people did.. They roseup.. they crafted the real American message and sent many puppets to their shame as time went by.

    MKT 101 said Get Attention first—————–and THEY did.

    Message from a starved American looking for a liberty nourishment.

    • You’re not starving….if you were, you’d put down the Halloween mask and pick up a weapon.

  10. Now … enter me … the Obersturmführer ( and the second comin’ !!! ) …

    P.S. Now we’re talkin’ !!!

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