FB Share
Email This Page
add comment
Print

Carl Gibson writes: "America has reached a turning point. Occupy Wall Street, after only a month, has gained global attention and unstoppable momentum. It is no longer up to the system's political power-brokers, whose incompetence was on full display during this summer's manufactured debt-ceiling crisis. Nor is it up to the system's titans of finance, industry or capital. If those groups want to have a say in what the future holds, they'll eventually be forced to come to the occupations themselves, and meet with ordinary Americans on their own terms."

In Paris, protesters rally against the corporate corruption of Democracy. (photo: Inspired by Light/flickr)
In Paris, protesters rally against the corporate corruption of Democracy. (photo: Inspired by Light/flickr)



The Elite Are Trembling in Their Boots

By Carl Gibson, Reader Supported News

18 October 11


Reader Supported News | Perspective

 

Occupy Wall Street: Take the Bull by the Horns


s of October 15, 2011, the movement protesting banks that wrecked our economy for profit can now claim the "too big to fail" title from their targets.

Once dismissed as a ragtag fringe group of rabble-rousers, Occupy Wall Street protests have spread to 82 countries and 950 cities worldwide in just a month. In Europe, millions protested corporate/financial corruption of Democracy. And in America, Occupy Wall Street solidarity encampments continue in cities as big as Chicago, and as small as Jackson, Mississippi.

A sign frequently seen at occupations reads, "The system isn't broken, it was built this way." This movement's participants and organizers are all in basic agreement that the current system is by the 1 percent, of the 1 percent, for the 1 percent, and rigged to favor the 1 percent on the backs of the 99 percent. The evidence that spending money lobbying Congress means higher corporate profits is mainstream knowledge.

Alan Greenspan has acknowledged that his deregulation-driven ideology that drove US financial policy for the better part of a decade was wrong. Even wealthy investment managers admit that the wealth and power amassed by the top .01 percent - mostly through the use of complex financial instruments - is unavailable to the bottom 99.9 percent. The occupation movement isn't just a protest of the current system - occupiers are designing a political system that has no room for lobbyists or a powerful elite group of decision-makers over everyone else.

Now, as Cornel West predicted a few weeks ago, the elite are trembling in their boots.

Tom Leppert, running for retiring Sen. Kay Bailey Hutchison's (R-TX) seat, has funneled money into a website called endoccupy.com, attacking the protesters' "false sense of entitlement." This is particularly amusing considering the site's founder was a high-ranking executive for Washington Mutual right until the firm folded in the largest bank failure in American history, extorting $63 billion from shareholders.

Erick Erickson of the conservative blogging site redstate.com helped launch a blog called "We Are the 53%," a nod to the oft-quoted yet misleading conservative talking point that 47% of Americans don't pay federal taxes (even though they pay 1/3rd of their income in sales, property, payroll and excise taxes). To add to Erickson's callousness, the blog also intentionally mocks the "We Are the 99 Percent" tumblr blog, where people suffering from unemployment, underemployment, homelessness, foreclosure, poverty, hunger and mountains of debt share their struggles with the world.

Republicans vying for the presidency can't wait to line up and take potshots at the nascent movement, eager to downplay the struggles of the "99 percenters," as they rake in piles of campaign cash from corporate, financial and even secret donors. Mitt Romney said it was "dangerous, this class warfare." Not to be outdone, former Godfather's Pizza CEO Herman Cain said "if you're not rich and unemployed ... don't blame the banks. Blame yourself."

The corporate-owned media, who had previously been blacking out coverage of Occupy Wall Street (probably because it wasn't a Tea Party protest), now takes to the airwaves every day in attempts to smear and discredit the movement at every opportunity. On his own show, Sean Hannity told one occupier she didn't "believe in freedom." On Fox News, Ann Coulter called the Wall St. occupation "The beginning of totalitarianism." MSNBC's conservative morning host Joe Scarborough openly mocked the protests on the air before being called "part of the problem" by a CNBC reporter at the New York Stock Exchange. Jon Stewart did a bang-up job exposing the media's hypocrisy in its coverage of the movement.

Despite such unflinching criticism and excessive smear campaigns, the message of the occupation movement is still getting through. Rep. Raul Grijalva (D-AZ) says it is disingenuous to dismiss the movement as a leftist "fringe" element, given the diversity of occupiers' beliefs and backgrounds. After the official dedication of the memorial to her father in Washington, Martin Luther King's daughter, the Rev. Bernice King, said the occupation's fight for economic and social justice for the other 99% of Americans is a cause her father would have gladly fought for. After Occupy Wall Street brought thousands to Times Square, a decorated marine openly confronted dozens of NYPD officers over allegations of police brutality, vowing to protect his fellow citizens from injustice, even if it came from their own law enforcement officers. All the officers could do was listen to him, and ask him to move on and be silent.

America has reached a turning point. Occupy Wall Street, after only a month, has gained global attention and unstoppable momentum. It is no longer up to the system's political power-brokers, whose incompetence was on full display during this summer's manufactured debt-ceiling crisis. Nor is it up to the system's titans of finance, industry or capital. If those groups want to have a say in what the future holds, they'll eventually be forced to come to the occupations themselves, and meet with ordinary Americans on their own terms.


Carl Gibson, 24, of Lexington, Kentucky, is a spokesman and organizer for US Uncut, a nonviolent, creative direct-action movement to stop budget cuts by getting corporations to pay their fair share of taxes. He graduated from Morehead State University in 2009 with a B.A. in Journalism before starting the first US Uncut group in Jackson, Mississippi, in February of 2011. Since then, over 20,000 US Uncut activists have carried out more than 300 actions in over 100 cities nationwide. You may contact Carl at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Reader Supported News is the Publication of Origin for this work. Permission to republish is freely granted with credit and a link back to Reader Supported News.

 

Comments   

We are concerned about a recent drift towards vitriol in the RSN Reader comments section. There is a fine line between moderation and censorship. No one likes a harsh or confrontational forum atmosphere. At the same time everyone wants to be able to express themselves freely. We'll start by encouraging good judgment. If that doesn't work we'll have to ramp up the moderation.

General guidelines: Avoid personal attacks on other forum members; Avoid remarks that are ethnically derogatory; Do not advocate violence, or any illegal activity.

Remember that making the world better begins with responsible action.

- The RSN Team

 
+54 # bluebluesdancer 2011-10-18 20:20
We need to change the entire financial system! To accept ANY offer from the banks that retains our current system (WORLDWIDE) will just make things worse by continuing the 'debt-system' that is sucking us dry.
Dennis Kucinich has a bill in Congress right now that shows how it can be done.
READ IT! (kucinich.house .gov/uploadedFi les/NEED_ACT.pd f)
 
 
+70 # DPM 2011-10-18 20:35
I'll be "occupying" Traverse City, MI. this Saturday. Join us or tell me where you will be. If you can't be in the street, be on the web, the phone or with friends talking about the abuse of power and the greed that most of us have been putting up with for years. No more! Let's see to it that things will change. We can make a difference.
By the way... I am 63 years old. A veteran. Don't smoke or drink. No tatoo's or piercings. Worked all my life. Hope I won't disappoint any passersby.
 
 
+22 # ndkbookrighter 2011-10-18 22:12
I hope you went and occupied. Don't apologize for who you are. Gosh! The important thing is to stay mad, stay involved, and fight for the rights of ordinary decent people. Age is no obstacle to the things you WANT to do!
 
 
+26 # ndkbookrighter 2011-10-18 22:24
I have a comment about MoveOn.org's petition to forgive college debt. I think a far better idea would be for the big banks and the corrupt mortgage lenders to have to "eat" all the fradulent loans they gave out and all the inflated home appraisals they sponsored so the homes people were trying to buy were grossly overvalued. Forgive all homeowner debt, make foreclosure a crime, get people back into their homes, get children out of homeless shelters... let people pay the payments that they started out with originally! SCREW the banks and LET THEM PAY THE OVERINFLATED MORTGAGES! This country has become a disgraceful place to live! It is a CRIME THAT CONGRESS WON'T DO ANYTHING ABOUT AND THAT THE USELESS "JUSTICE" DEPT. ISN'T GOING TO PROSECUTE! "TOO BIG TO FAIL--TOO BIG TO PROSECUTE." That is B.S. of the worst kind! We need to petition Congress and the Justice Dept. to prosecute! We need to petition Congress/JD to force these banks to let people move back into their homes. I can't believe what a terrible "system" we have! However, if everyone would start reading books like "The Naked Capitalist" we would all know how and why this all got started. It started long, long ago and it has been a deliberate plan over the decades to congeal everyone into a class of sheep and feudal serfs. We need to strike back with all the force we've got. Send the Repugs and Wall Streeters packing!!!!!
 
 
+20 # krispykremeyum 2011-10-19 07:36
Are you kidding? "Occupy" would consider it an HONOR to have you on board!!! I was at Occupy LA this past Saturday...the most diverse crowd I've ever been a part of. I'm 46...don't smoke, no piercings/tatto os(although I am tempted to get a little one on my ankle due to midlife crisis) and would like to work for the rest of my life. We're all in this together. I'd consider it an honor to stand with you..Thank you!
 
 
+10 # Polimorphus 2011-10-18 21:11
"Trembling in their Boots"?...Don't speak too soon.
 
 
+14 # Capn Canard 2011-10-19 09:08
Polimorphus, my thought as well. I can't believe that they wouldn't use all the power possible to usurp this movement. We must be vigilant.
 
 
+11 # Glen 2011-10-19 10:20
That was my reaction. Instantly, actually. The wealthy elites tremble before no one. They have the power and are protected by the government and military. Heck, some of them and their corporations have their own military.
 
 
+14 # ENetArch 2011-10-18 21:22
Now I am curious to see what this new system of governance is. A system that doesn't allow for lobbyists? We, America, originally stated with such a system. But the corporations corrupted it after the Civil War.

As for the banks, I think the FDIC insurance should now include a mandatory small business loan amount for every bank. In other words, you want FDIC insurance, you have to issues 10% of your loans as small business investment loans.
 
 
+24 # noitall 2011-10-18 22:43
This tire is beginning to roll, still wobbly so no time to let up on the momentum. A friend asked me what I thought about OWS, "It's the only thing going, It's the only way" was my response. To participate, start researching, learning, educating, sharing information, painting signs, gathering up friends to go to the marches. This will grow. The only way they will win is if they're able to goad this movement to violence. Then they'll "WIN" and kick ass hard. If we don't lose faith in Peace and continue on with the momentum that builds from being right, then they'll LOSE and LOSE BIG. PEACE IS THE ONLY WAY. Are you kidding? look around you, all they know is violence and it does nothing but feed their lust for it. We've lost every war we've been in since Kennedy. Remember him? He died for peace knowing the price of war, and then with him out of the way, Viet Nam exploded. Be patient, show courage not fear. It takes courage to not strike back. The pain you feel as THEY strike out at you in hatred, fear, and frustration is what Victory feels like. Pain is our friend. The world is watching.
 
 
+19 # antineocon 2011-10-19 00:36
I hope you all keep it going i am ooming back to the USA soon and will look forward to joining the demonstrations whereever I can I am a vet 75 yrs old and worked for more the 60 years. I know these folds are right and i want to take our country back from the bankers and money grubbers
 
 
+18 # futhark 2011-10-19 02:03
I think the plutocrats were not caught off guard as much as most of us would like to think. After all, look at all the hoakum they have passes off on the American public over the last several years through their death-grip on the media. They may be surprised, but I'm sure they have a strategy to deal with this. Originally they were going to use the time-tested tactic of ignoring it, but that doesn't seem to have worked. The second stage of fighting back is to demonize the participants, but that also seems to be failing. OK, this will be interesting to see what they do next, but I'm sure they won't go down without a fight.
 
 
+16 # railroadmike 2011-10-19 02:47
They should be scared. I confronted Oklahoma Congressman Tom Cole during a townhall meeting. He was filled in on our knowlege of the "BUSINESS PLOT" of 1935. The same familys today running Wall Street and Wall Street Banks were in on the attempted Coup D'etat to make the USA into a Fascist Corporate State!
 
 
+5 # RCW 2011-10-19 03:53
Let's not confuse "elite" with greedy. Does anyone want less than the best, i.e. elite, mechanic or surgeon. Working people are not all mediocre and can be among the best, too.
To call the simply greedy who abuse power the "elite" is slogan mongering and misuse of the word. I wish and hope I am wrong, but often when I hear Prof. (an educational elite) Cornel West, I hear self-promotion piggy-backing on an important cause. Listen to how he speaks as well as to what he says.
 
 
+10 # tuandon 2011-10-19 04:07
This is all very optimistic, but frankly, as much as I admire and support the OWS movement, I don't see the Elite "allowing" it to succeed. They will not give up their ill-gotten, stolen, and extorted money without a fight, and since they already own most governments in the world, the firepower is all on their side. They won't hesitate to use it if they feel threatened enough. Remember, a rattlesnake will strike if it feels it is in danger. So will the Koch Bros. or old Grover Norquist or whatever his name is.
 
 
+21 # MainStreetMentor 2011-10-19 05:37
To: President Barrack Obama and All Members of our National Congress

What the members of the Occupy Wall Street (OWS) groups around the world are saying, and the examples they are providing to the inhabitants of Earth … is what YOU should have been saying all along, within the halls of our government, to those who are now opposing the OWS’s protests. Had you done that perhaps the effects of the Bush/Cheney kakistocracy might have already been reversed. These brave and patriotic protestors are doing your jobs for you, and it is THEY who have won the admiration and respect of a grateful populace. These persons show what can be done when rigidity is placed in a political backbone.
 
 
+5 # ABen 2011-10-19 10:08
Mentor; to paint this president and all members of Congress with the same brush may feel good, but it is neither accurate nor helpful. I am not an apologist for Obama's mis-steps during his first term, but we should not lose sight of what he has been up against. The Rethuglican members of the Senate and, since 2010, the House have shamelessly opposed any and all attempts by this administration to mitigate the disastrous economic and financial policies of W's "administration of the greedy." Remember, a knee-jerk, "throw all the bums out" attitude is what got us a House full of 'baggers' who can't seem to do anything but anti-abortion bills. We must pick and choose our targets.
 
 
0 # MainStreetMentor 2011-10-21 05:54
There was a time, ABen, when I might have agreed with you. However, Mr. Obama, whom I actively campaigned for, has engageed in a continuing series of compromises, some of which should have never occurred. Tim Geithner is nothing more than a mouthpiece for Wall Street; Elizabeth Warren should have been totally supported instead of being "dumped"; There are STILL no investment bankers being prosecuted! I will vote for Obama ONLY if there is no other candidate opposing him in the Democratic Primary.
 
 
+16 # tclose 2011-10-19 06:24
I see no indication that the "elite are trembling". They may be slightly concerned, nothing more. They still hold all the cards and control the levers of government. The OWS movement is to be lauded for their courage and persistence - but don't fool yourselves - it will take a long hard fight to change the rules of the game (or return them to where they were not too many decades ago). But keep fighting.
 
 
+12 # mayordoug 2011-10-19 06:54
I agree. Remember the Golden Rule, whoever has the gold,makes the rules. Our battle is just beginning and will be more demanding than most care to admit.
 
 
+14 # rsb1 2011-10-19 07:00
DEMAND RELEASE INTO THE PUBLIC DOMAIN OF ALL ALTERNATIVE ENERGY INVENTIONS THAT HAVE EVER BEEN PATENTED.

The same people who own everything else are also with-holding information about thousands of proven alternative energy devices. Demand immediate safeguarding of these archives and the immediate release of release of this information into the public domain.
 
 
+3 # Capn Canard 2011-10-19 09:15
rsb 1, I think it may go deeper than what you suggest. It is my opinion that the Oil energy paradigm is exclusively based on scarcity... this seems likely and it is a given that if oil were abundant then we wouldn't be using any because there would be almost no return on investment. I believe this is why Hydrogen will not ever be used as a fuel source simply because it is the most abundant element in the universe and once Hydrogen is burned it recombines to form water, the Hydrogen which only changes states in the physical process. That's my story and I'm sticking with it!
 
 
+7 # mitchell donian 2011-10-19 08:18
If one looks to the education system you see that citizens are deliberately left unprepared to deal with a world where knowledge of money matters is all important. Instead, they are led into the hands of bankers and brokers. I characterize this as: THE KING DOES NOT TEACH YOU TO BE KING. If you look you will see the cycle of financial failure from each succeeding generation of the financially clueless because of this educational failure. THIS MUST BE PUT TO A STOP WITH THE DEMAND OF A PROPER EDUCATION IN FINANCE FROM GRADE ONE. Then you would not be like lambs led to a fleecing every twenty years. John Kenneth Galbraith saw this clearly. IF YOU LIVED IN A HUNTING SOCIETY YOU WOULD BE TAUGHT TO HUNT. YOU LIVE IN A MONEY SOCIETY....AND ALL YOU ARE GIVEN TO PREPARE YOU IS: "MONEY IS THE ROOT OF ALL EVIL."...AND YOU KNOW NOW THAT IS SELF-SERVING BULLSHIT. CHANGE THE FUTURE BY CHANGING WHAT IS TAUGHT TO THE NEXT GENERATION.
 
 
+12 # thirteenthpaladin 2011-10-19 09:15
"This problem goes much deeper than accounting and stock fraud, and even beyond the graduate schools of business that have inculcated ... criminal behavior. The deeper cause lies ... in the structurally corrupt core of our monetary and banking system and our schools of economics. It arises from ... falsehoods ... on the nature of money, allowing their patrons to control the money power, and in turn to dominate our society, deforming humanity in the process. ...monetary reform is more a matter of morality and law than of economics."
~ S A Zarlenga
 
 
0 # Capn Canard 2011-10-21 04:57
Yes, in addition I would suggest that the whole concept of money is the fiction to which we are reinforced to believe in and are compelled by law to participate in the system. In essence this means that Money is the goal. ALL RESULTS(positiv e and negative) are directly related to "how much money" on the bottom-line: as if said bottom-line accounts for all REAL, ACTUAL, MEASURABLE profit and loss. Any pain, injury, suffering, and death are just externalities and not included on the bottom-line, in most businesses it matters not if the sick die, what matters is THE PROFITS MADE!!! i.e. money works to concentrate power in the hands of a dictatorial few at a direct and immediate cost to society in general. It is a game and many play with their only intention winning. In such cases, it matter not if people die in the process as that is simply the cost of losing the game.
 
 
+6 # fredboy 2011-10-19 08:57
OWS has is flipping the table set by greed.

The old adage was "make all the money you can and then you can help others." The greed demanded by Wall Street and the GOP/tea whores destroys the notion of helping others.

Now, with the new mindset in place, even those who do strive to share much of their wealth with the needy will be targeted.

That's the danger of mocking, demanding greed. It hurts everyone.
 
 
+7 # DLT888 2011-10-19 09:19
It was always INEVITABLE that all the people would rise up and tear down this broken system and rebuild it in a much much fairer way. The time is HERE. Put on your helmets everyone. We have to take back the kingdoms everywhere. It won't be easy but it is necessary and it WILL happy as it's inevitable. Anything and everything that is non-viable always dies soon or later. And this current system is surely non-viable.
 
 
+6 # ABen 2011-10-19 09:53
All the OWS demonstrations are great and should be lauded and continued, but the only message that will really get the attention of the greedy bought-and-paid -for bastards is sending them home on election day. Decisions are made by those who show up. Vote for politicians who will legislate in the best interests of the people they represent. Even well intentioned politicians have to play the contributions game to get elected. Vote to stop the electoral auction by going to getmoneyout.org and signing the petition. When elections are publicly funded, people like the Koch brothers will not be able to buy elections. There are still many good public servants out there. Let's reform the system so they will again feel like running for office.
 
 
+5 # dbashaggy 2011-10-19 13:09
I agree, the elite aren't quaking in their boots, and they are probably feeling pretty smug, having stomped almost all other attempts like this in the past. Unfortunately, most of the ones that worked ended with violence bringing about change. Think French Revolution. Hopefully it doesn't need to come to that. We could accomplish a lot with being more self-reliant, targeted boycotts, and getting good candidates elected at the local levels. This change may take a while, hopefully our split second attention span population is finally waking up.
 
 
+5 # Kathymoi 2011-10-19 14:24
thank you for publishing the truth.
After decades of feeling that the only news published on any of the public media was propaganda or a red herring, it is refreshing and encouraging to read the truth being reported.
 
 
+2 # pernsey 2011-10-19 20:33
Soo if you have enough money and political clout your above the law? Also Sean H. should shut his pie hole...he has no clue what hes talking about. His mouth is like an endless manure pile!!

I sincerely hope the elites are shaking in their boots, but I dont think there is a conscience among them!
 
 
+2 # mainescorpio 2011-10-20 09:31
Occupy Wall St.today.....th e Vatican tomorrow...
 
 
+1 # John Steinsvold 2011-10-20 18:10
An Alternative to Capitalism (if the people knew about it, they would demand it)

Several decades ago, Margaret Thatcher claimed: "There is no alternative". She was referring to capitalism. Today, this negative attitude still persists.

I would like to offer an alternative to capitalism for the American people to consider. Please click on the following link. It will take you to an essay titled: "Home of the Brave?" which was published by the Athenaeum Library of Philosophy:

http://evans-experientialism.freewebspace.com/steinsvold.htm

John Steinsvold

Perhaps in time the so-called dark ages will be thought of as including our own.
--Georg C. Lichtenberg
 
 
0 # Capn Canard 2011-10-21 05:29
John Steinsvold, I am 100% with you! I like to think of our society as a balance between QUANTITY(how much) and QUALITY(how good) where quality has been nearly ignored and erased to the point that the world is completely out of balance! Much of what you have written here is very similar to an outline written by John Spritzler and Dave Stratman. Here is a link to their Newdemocracywor ld site:

http://newdemocracyworld.org/revolution/Thinking.pdf

I like the idea of getting rid of the profit motive, that canard has got to be retired! If it were gone, then I believe war would truly be rare and if-n-when fought only when all alternatives are exhausted.

There is also a story called "Invisible Hand" available on Gather by Larry Mason. Here is a site with Mason's details on POM:

http://nopom.info/about.html

I'm sure there are other people thinking the same thing. Some of this is reminiscent of Northwest Natives concept of "potlatch", no? Well done John Steinsvold.
 
 
0 # iris 2011-10-20 22:26
its been about a week or more since I have seen new raw vieos or footage of the actions and the crowd size at the events, or any new developments... just old re-runs....what gives? dj
 
 
+1 # bracero 2011-10-23 13:16
With all due respect,I believe our writer is getting carried away with our intital success in OWS.
I am 78 years old, a veteran, been all over the world, practiced law for over 40 years and never failed to vote.
Many of us saw this coming but could get no support from the young during the time this economic crisis could have been stopped.
Neither Wall Street, the upper 1% nor the extremely rich are quaking in their boots at this time. They may be a little annoyed but nothing more. Soon, they will bring in their army of lobbist's and the true war will begin.
If anyone thinks this is going to be a short term effort,they are not living in the real world.
This is going to be a protacted fight and the strong will prevail.
I do not believe the young will hang in there and fight to the finish. Their voting record does not show any long time committment to anything.
Unless young voters decide to fight to the finish all the way and steel themselves for a continued relentless attack by the rich, this is going to end up like their voting record uninvolved over the long haul.
This is a war and anyone who thinks different simply does not understand how long this has been going on, how entrenched our opposition is and how viciously they will fight.
 

THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community.

RSNRSN