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Wall Street Runs America - by Stephen Lendman
Money power in private hands to make more of it harms everyone except Wall Street crooks.
Major Wall Street banks occupy and control Washington. They recycle their officials in and out, make policy, and enforce it with money power supremacy for virtually everything they want.
Political Washington salutes and obeys. Money power in private hands and democracy can't co-exist. It buys what it wants at the expense of government of, by and for the people. It never was and isn't now.
On December 23, 1913, Congress passed the Federal Reserve Act, violating the Constitution's Article 1, Section 8, giving Congress sole power to coin (create) money and regulate the value thereof.
Abolishing or nationalizing the Fed and giving people money power back through Congress is step one to regaining rights not possible under banker controlled government.
That's issue one Occupy Wall Street protesters and others spreading across America in dozens of cities must address.
Occupy Together is an "unofficial hub" for burgeoning initiatives heading everywhere "in solidarity with Occupy Wall St."
Word spreads. Hidden anger surfaces. Small numbers grow. So does commitment to stay the course. Activists and ordinary people know something's wrong they want changed. Key is understanding money power in private hands. Change depends on ending a system destroying futures for working Americans.
Major Wall Street firms comprise an illegal private banking cartel monopoly controlling the nation's money, price, supply and availability. For a century, it looted America's economy for its own self-interest.
It's run by unelected, unaccountable crooks in league with corrupt politicians taking bribes in the form of campaign contributions to go along.
Behind closed doors, JP Morgan Chase, Goldman Sachs, Bank of America, Wells Fargo, and other giants run America, waging financial warfare for profit.
In theory, the Fed was established to stabilize the economy, smooth out the business cycle, manage healthy, sustainable growth, and maintain stable prices.
Instead, it caused multiple recessions, the Great Depression, and today's Greatest Global one. It also caused monetary inflation and America's declining standard of living, notably in recent decades.
In fact, a 1913 dollar today isn't worth a plug nickel, and given reckless Greenspan/Bernanke money creation it's value is eroding entirely. Notably the Fed caused:
- rising consumer debt;
