mardi 15juin (1B)- fw-David Degraw-ForOurEconomy.org-11pm - news -
June 15, 2010 12:06 PM Time for law abiding American citizens to stop paying taxes, start a new government? 10 of 13
(( Carl Herman: )) David Degraw
has written an outstanding comprehensive explanation of what’s really
happening in the US economy. He’s given me permission to reprint it
here. I also recommend his site "For Our Economy" for citizen
grass-roots activism for economic justice. http://foroureconomy.org/
Regarding the title of Americans starting a new government, I remind readers of the Declaration of Independence; our core American principles of government. The below links document that US political “leadership” is not even close to following our constitutional limitations and therefore are “leading” unlawfully. Americans with an oath to defend the US Constitution against all enemies, foreign and domestic, should choose to either honor their oath or admit allegiance to the current fascist imposter of the greatness this nation is on paper and in our ideals.
Another excellent summary is economist James Galbraith’s recent expert testimony to the US Senate Judiciary Committee of what will become “emperor has no clothes” obvious: the US economy is a rigged casino. Here is my best pitch to explain and document the fraud. Here is my best explanation of the obvious solutions. Here are my comprehensive resources to understand the US oligarchy in all its unlawful infamy in unlawful wars, war lies, torture and indefinite detention (including against Americans), and our controlled economic demolition. http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2010m5d26-Economist-James-Galbraith-Senate-testimony-Economics-a-disgraced-profession-blind-to-obvious-fraud
I’ll present David’s documentation and analysis in 13 segments; each with his introduction. Use the “previous” and “next” buttons under the title to navigate to the different segments. Please share broadly with the understanding that all our economic problems really exist on paper only. They are propagandized and managed frauds; solved almost instantly by an economic structure designed for the public good rather than designed for an oligarchy. I stake my professional reputation on the factual reality of these statements and prove their objective existence in the data in the above links.
I appreciate David Degraw’s leadership to research and communicate the facts, and help us all embrace the terrible truth of US fascism that We the People must expose and end in order to unleash humanity and build a brighter future for all of us.
Look and verify for yourself. Res ipsa loquitur. Carl Herman
Is It Time for Law Abiding American Citizens to Stop Paying Their Taxes and Start a New Government? By David DeGraw, AmpedStatus Report
The evidence is now overwhelming. The United States government has facilitated the theft of trillions of dollars of national wealth and 99% of the US population no longer has political representation.
I: The Ongoing Theft of Trillions
II: Off-the-Books, Off-the-Record
III: Osama bin Bank of America
IV: New Mafia World Order
V: The Goldman Sachs Obama Illusion
VI: American Heroes Speak Out on the Financial Reform Ruse
VII: Economic Weapon of Mass Destruction (WMDs)
VIII: Hank “Pentagon Sachs” Paulson
IX: $5.4 Trillion a Year Bullion Market Ponzi Scheme
X: Ponzi Nation: Welcome to America, Sucker
XI: Economic Shock and Awe
XII: Time for a Second American Revolution - The 99% Movement
XIII: How You Can Get Involved
Now that I have your attention, I want to make it clear to you that I am being rational and serious when I ask this question: Is it time for law abiding American citizens to stop paying their taxes and start a new government?
Before you roll your eyes and dismiss me as some “extremist,” let me explain the situation to those who are unfamiliar with my past reports. In my report on the Economic Elite Vs. The People of the United States, I lay out the case proving that our economy and tax system has become an organized criminal operation. I defy anyone who spends time researching and analyzing the facts and overwhelming evidence to support this claim to prove otherwise. I invite anyone who thinks I’m wrong to a debate on national television. I’m talking to you, Tim Geithner, Ben Bernanke, Larry Summers, Lloyd Blankfein, Jamie Dimon and President Obama!
I torturously spend 60 plus hours a week researching this and the torrent of devastating news and evidence is mounting by the minute. The staggering level of theft continues unabated. As I am watching this unfold, I am horrified thinking about the severe consequences that have only just begun to reap their toll. Our nation is being raped and pillaged. Our future is going up in flames and our government isn’t even making the slightest effort to put out the fire. In fact, they are purposely pouring gasoline all over it.
“There’s a time when the operation of the machine becomes so odious—makes you so sick at heart—that you can’t take part. You can’t even passively take part. And you’ve got to put your bodies upon the gears and upon the wheels, upon the levers, upon all the apparatus, and you’ve got to make it stop. And you’ve got to indicate to the people who run it, to the people who own it that… the machine will be prevented from working at all.” – Mario Savio
So let me take a deep breath and back up for a minute… and explain the urgent gravity of our current crisis.
X: Ponzi Nation: Welcome to America, Sucker
And when it comes to the Ponzi US economy, the last people in are American taxpayers, you and I. As Andy Kroll correctly put it in his Tom’s Dispatch report, “Ponzi Nation: Welcome to America, Sucker.”
“Ours is now a Ponzi nation. There is a new mood in the land. Just how it will play out is unknown, but a sense of having been conned is still spreading — as if not just surprising numbers of investors, but the whole country had experienced the last days of a giant Ponzi scheme. With it goes a feeling that what we’ve been living through, even in “the best of times,” wasn’t an American dream, but pure nightmare. Welcome to America, sucker.”
Knowing now how the market has been rigged to loot taxpayers and honest investors, let’s view these recent news items: ....(....)
The IMF “Structural Adjustment Programs” (SAPs) that have devastated countries worldwide (correctly referenced above by Stephen Lendman) are the very programs that have been launched upon us, as I described in my report on the Economic Elite. We are already seeing the effects of this hostile takeover. I won’t recount all the horrific societal and economic statistics that I have reported on in detail in my report, “Casualties of Economic Terrorism, Surveying the Damage,” but the economic attack on the United States has already resulted in the US having the highest poverty rate in the industrialized world, with a stunning 50 million citizens now living in poverty. It has also given us the highest inequality of wealth in our nation’s history. Step aside Robber Barons! America now has a much more powerful and depraved criminal class.
Vi Ransel recently described the
bailout-coup-structural-adjustment-program like this:
“This is the result of a deliberate strategy, one Washington has executed many, many times, though usually in ‘Third’ World nations, by using ‘Free’ Trade Agreements (FTAs) and its front groups, the International Monetary Fund, the World Bank, and the World Trade Organization. Purchased politicians plunge their countries into unsustainable debt. Under Structural Adjustment Programs (SAPs), national industries are sold to transnational corporations and privatized. Social programs are cut to the bone or eliminated altogether. Interest rates are ratcheted up and the economy collapses on itself like the World Trade Center, while banks and corporate buzzards fight each other to pick the carcass clean.” //
On a personal level, we have all been feeling the increased stress and early tightening effects on our own financial situations already. However, on the state and federal levels, we are just beginning to see the utter devastation that lies ahead of us.
117 Responses to “Is It Time for Law Abiding American Citizens to Stop Paying Their Taxes and Start a New Government?”
History is calling you!
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Take Action! How We Can Save OUR Economy
By Tiffiny Cheng, David DeGraw and Kevin Zeese.
Filed under Mobilization by mobile on May 10, 2010 at 5:56 am, no comments ///
The next few weeks will culminate into a defining moment in American history and lay the course for our economic future. After two years of being asleep at the switch, Congress is finally stepping up and taking action on financial reform. The resulting bill will be a clear indication and definitive proof as to who is actually running our country. Will it reinforce the dominance of the Wall Street elite, or will it mark a rebirth of the rule of law and economic prosperity for millions of Americans who have seen their standard of living decline? The early indications are ominous, two of the most crucial aspects of true reform have already been dealt a severe blow. The amendment to break up the “too big to fail” banks has been voted down, and the bill to audit the Federal Reserve has been gutted of important provisions.
We cannot just sit back and let politicians, who are overly influenced by campaign funding and lobbying activities on the part of the big banks who have plunged us into this crisis, decide our future without us. Our passive unwillingness to stand up for our own rights is part of the reason we are in this crisis to begin with. Right now is the most pivotal time for us to make our voice heard.
This bill is where we draw the line and STAND UP.
Enough is enough! It’s time for Americans to take OUR economy back from the big banks and financial interests that have looted it. It’s time to restructure, decentralize and democratize OUR economy.
Wall Street has pillaged our country. It has been bailed out and saved from their casino gambling, Ponzi schemes and allowed to continue their plunder. They are the concentrated power that history has warned us about.
Trillions of our taxpayer dollars have been handed over from the Treasury Department and Federal Reserve to the Wall Street elite, handed over to benefit the very people who caused the crisis. The truth about how many trillions of our tax dollars have been “transferred,” and who exactly they have been given to, has been kept secret in the un-audited Federal Reserve. It is time to audit the Fed and either dismantle it or remake it so it reflects the interests of the people, not the big banks who have hijacked our economy.
How much do they have to steal before Americans say, ‘No more! It is OUR money, it is OUR economy’? How many more honest, law abiding, hardworking Americans have to lose their homes, jobs and struggle just to acquire basic necessities and make ends meet before these greedy bankers are held accountable?
Before laying out our 12-step program to take our economy back, let’s take a brief look at some of the devastating results of Wall Street’s greed:
* Over 50 million US citizens are living in poverty;
* The US now has the HIGHEST poverty rate in the industrialized world;
* 50% of American children will need to use a food stamp during their childhood;
* 30 million Americans are in need of employment, with 20% of Americans either unemployed, underemployed or without hope of finding work;
* Foreclosure rates continue to break record after record. More than five million families have already lost their homes. A record 2.8 million properties were in foreclosure in 2009. The first three months of 2010 had the highest foreclosure rates ever, and 13-25 million foreclosures are predicted by 2014.
* In the past two years, Americans have lost $5 trillion from their pensions and savings. They have also lost $13 trillion in the value of their homes.
* Personal bankruptcies are rising. A record number of Americans filed for bankruptcy in March 2010. In fact, 6,900 Americans go bankrupt every day.
* Due to this economic crisis, American workers have bought more on credit cards than ever before. We now have over $850 billion in credit card debt, as banks charge usurious interest rates on this debt.
* The US now has the HIGHEST inequality of wealth in our nation’s history. The economic top 1% controls an all-time record 70% of all financial assets.
* The average CEO salary, including stock options and incentives, has skyrocketed and is now 500 times more than the average workers.
* While CEO salaries have been soaring and corporate profits are breaking all-time records, average worker pay is declining and incentives are being cut.
These are just some of the horrifying results of Wall Street’s rigging of the economy. The free-market is now a rigged-market ruled by corporate welfare and crony capitalists who are funneling wealth away from 99% of the American public and directly into their coffers on an unprecedented scale. Risk, losses and debts have been socialized, while profits have been privatized.
As a consequence of their continued looting, austerity measures are about to be implemented. In state after state across the country, and on a federal level, we are facing severe deficits. Mass school closings have already been scheduled for the end of this school year, as thousands of teachers have already been told that they will no longer have a job. Pension funds and medical programs are being slashed. Fire fighters, police and health care workers are being cut back . Six million Americans are on the verge of losing the unemployment benefits that they have been surviving off of and there are now a record six available workers for every one job opening. Unemployment insurance funds have already been depleted in 33 states, with more expected to go into the red within the next few months. Draconian cuts in vital social programs and critical government functions are just beginning to be phased in, while our national wealth is still being transferred to the wealthiest. They are pulling out the social infrastructure from below us and are about to pile higher taxes on top of us. While nearly 200 million, two out of three, Americans are struggling to make ends meet and currently living paycheck to paycheck, billionaires have increased their aggregate wealth by a stunning 50% during this economic crisis.
The Robber Barons of the Gilded Age have now been displaced as America’s greediest ruling class.
After trillions in bailouts – a cover for the greatest theft of wealth in history – we are seeing record-breaking profits and bonuses on Wall Street. We have the power to stop this looting, break up this concentrated power and take back the economy. We just have to stand up for ourselves – TOGETHER.
We can break the financial oppression, and here’s how we will do it.
The Mobilization for OUR Economy begins while the Obama Administration and Congress are debating reform of the financial industry. However, much more than what is being proposed is needed to give Americans control over their economic lives. To achieve these objectives, we are working to make the following common-sense reforms into reality:
#1) Break up the “Too Big To Fail” Banks. You can’t have free-market competition when a handful of big banks can rig the market and regulatory structure to benefit themselves at the expense of everyone else. We will continue to push for reforms put forth in the Kaufman-Brown SAFE Banking Act.
#2) Put in place a transparent open exchange for over-the-counter derivatives and ban High Frequency Trading (HFT). Investigate all prior HFT and frontrunning activities, including the sudden 1000 point stock market plunge on May 6th. Create a team of experts to analyze/restructure/dissolve existing derivative contracts to reduce risk. We support Senator Blanche Lincoln’s Wall Street Transparency and Accountability Act.
#3) Require stricter accounting standards so the real value and debt/liabilities of banks are understood. With this, a more responsible executive pay structure must be implemented. Investigate firms and hold them liable for accounting scams. Clawbacks must be implemented on bonuses and executive compensation that was based on false profits. Investigate the Federal Reserve’s role in covering up, aiding and abetting firms in accounting fraud.
#4) Rein in corporate power. Stop corporate welfare – no more
corporate personhood and reverse the Citizens United court decision by a constitutional amendment. We must also make sure that all taxpayer funds and loans handed out in the bailout are returned with an interest rate that reflects current profit margins that were created as a result of our tax money.
#5) Audit the Federal Reserve. There should be zero secrecy in this private banking corporation that prints U.S. dollars and extends zero interest loans to a select few. The Fed should either be dismantled or re-made to represent the interests of the American people, not the banks, and include elected positions on their Board of Governors.
#6) Tax trading of stocks, bonds, derivatives and options. A small micro-tax applied to large firms would slow high-risk speculation and provide significant revenue, allowing reduction of income taxes, withholding taxes and adequately fund government operations.
#7) Corresponding to our second objective, close the casino by reinstating both a modernized version of the Glass–Steagall Act, which separated commercial and investment banking, and a strict Net Capital rule that limits wild risk-taking and speculating.
#8) Shut the revolving door and put up a strict firewall between finance executives and government regulators and officials.
#9) End usurious credit card and pay day loans. Cap interest rates and get rid of hidden bank fees.
#10) Create an empowered and independent Consumer Protection Agency (CPA). Investigate predatory lending schemes, liar’s loans and put a moratorium on home foreclosures, as the first steps in what will be many investigations into abusive practices. Credit rating agencies should be regulated by the CPA and function independently of the firms producing the products being rated.
#11) Urgently hire 1,500+ white-collar crime investigators to enforce existing laws.
#12) Fire, investigate and prosecute government officials like Tim Geithner, Ben Bernanke, Larry Summers and John Dugan, and investigate Hank Paulson, Alan Greenspan and Robert Rubin, all of whom played a significant role in the financial collapse and the massive “transfer” of wealth to the finance industry. Also investigate and prosecute, under RICO statutes, top executives in financial firms who engaged in fraudulent activity. Appoint people like Elizabeth Warren, Simon Johnson, Joseph Stiglitz, William Black and Ron Paul to positions of authority over the economy.
These are our primary objectives and the necessary steps that must be taken to take OUR economy back. If the financial reform bill, that has been two years in the making, doesn’t live up to this 12-step program, we will know that our politicians have sold us short once again.
The Wall Street elite have controlled our political process for too long!
We must show them that we mean business this time, so STAND UP and fight for your future. Join us at sit-ins, protests and rallies across the United States. We can take back our country. We can regain control over our economic lives.
The time is now!
HISTORY IS CALLING YOU! YOUR FUTURE IS CALLING YOU! YOU ARE NEEDED!
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