Banksters' Lies

Surprised?

I'll Occupy!

Why The Violent Suppression Of OWS?

OK, dumb question. Why wouldn't there be a violent reaction to try to extinguish this movement?

Still, Naomi Wolf spells it out clearly :

But wait: why on earth would Congress advise violent militarised reactions against its own peaceful constituents? The answer is straightforward: in recent years, members of Congress have started entering the system as members of the middle class (or upper middle class) – but they are leaving DC privy to vast personal wealth, as we see from the "scandal" of presidential contender Newt Gingrich's having been paid $1.8m for a few hours' "consulting" to special interests. The inflated fees to lawmakers who turn lobbyists are common knowledge, but the notion that congressmen and women are legislating their own companies' profitsis less widely known – and if the books were to be opened, they would surely reveal corruption on a Wall Street spectrum. Indeed, we do already know that congress people are massively profiting from trading on non-public information they have on companies about which they are legislating – a form of insider trading that sent Martha Stewart to jail.

Update : The Silence of Obama 

1% As Wealth Destroyers

Monbiot good today.

Kubler-Ross and #OccupyWallStreet

Venkatesh Rao writes a barnstormer of an article taking in everything from life-style design to #occupiers to Bruce Sterling's Dark Euphoria.

It is very, very clever. And pretty amusing. And, I'm sure, it's going to be a major meme all over the web for months to come.

Scandalous BBC Reporting

Here's a picture of this morning's BBC main page (click to enlarge) :

Notice the absence of any reference to last night's successful continual occupation of Saint Paul's while top billing is given to some princess in Wootton Bassett. (Bleah!)

I went down there to take food to the occupiers, but was kept outside by the police cordon. I hung around with the crowd outside for a few hours while the police

•  a) forced a line of helmeted riot police through the crowd, up to the back of the steps. Ostensibly to "protect St. Paul's" from damage. Actually to encircle those on the steps. 
•  b) brought in a number of vicious looking dogs to bark at the occupiers in a scary way. They didn't actually DO anything with the dogs. And clearly they weren't there for purposes of sniffing etc. Just to menace the occupiers. 
•  c) fairly skilfully (I have to say), started reducing the occupied space. Pushed those of us in the outer ring into the road. Then pushed us all out of the road. I left soon after, as it looked like the police were very much in control of the space. 

Seems, though, that that the occupiers survived the night and the vicar of St. Paul's has asked the police to back off. Now there's a call for donations from anyone who can get down there today.

Here's some video (someone else made) of earlier yesterday :


A Movement in Slow Motion from Studiocanoe on Vimeo.

Fox News Lies :-)

Probably quite disturbing for the poor Fox journalists but amusing for the rest of us. Crowd chanting embarrasses Fox News and prevents them (mis)reporting Occupy Wall Street.

Watch Jeffrey Sachs!

Just watch him now!

The Only Useful Innovation

David Leonhardt :

In finance, trading volumes have boomed in recent decades, yet it is unclear how much all the activity has lifted living standards. Paul A. Volcker, the former Fed chairman, has mischievously said that the only useful recent financial innovation was the automated teller machine. Critics like Mr. Volcker argue that much of modern finance amounts to arbitrage, in which technology and globalization have allowed traders to profit from being the first to notice small price differences.


IN the process, Wall Street has captured a growing share of the world’s economic pie — thereby increasing inequality — without doing much to expand the pie. It may even have shrunk the pie, given that a new International Monetary Fund analysis found that higher inequality leads to slower economic growth.

There Aren’t Any More Rich Countries

Naomi Klein :

Ten years later, it seems as if there aren’t any more rich countries. Just a whole lot of rich people. People who got rich looting the public wealth and exhausting natural resources around the world.