The Whole World is Watching, Mayor Bloomberg!

Police Brutality Documented:

The Occupy Wall Street movement is being co-opted by Move-On.org and other organizations trying to take command of the message, while the "Movement" members/participates say, "NO THANK YOU!!!"

Here from Washingtonsblog.com is the story.

Move On Tries to Take Over Occupy Wall Street Protests
Posted on October 14, 2011 by WashingtonsBlog
Move On Tries to Co-Opt the Protests
David DeGraw – one of the primary Wall Street protest organizers – just sent me the following email:

Top MoveOn leaders / executives are all over national television speaking for the movement. fully appreciate the help and support of MoveOn, but the MSM is clearly using them as the spokespeople for OWS. This is an blatant attempt to fracture the 99% into a Democratic Party organization. The leadership of MoveON are Democratic Party operatives. they are divide and conquer pawns. For years they ignored Wall Street protests to keep complete focus on the Republicans, in favor of Goldman’s Obama and Wall Street’s Democratic leadership.

If anyone at Move On or Daily Kos would like to have a public debate about these comments, we invite it.

Please help us stop this divide and conquer attempt.

DeGraw – who is wholly non-partisan [like the writers at Washington's Blog] – tells me that about half of the protesters are liberals, but the other half are libertarians (and see this.)

This mirrors what one of the original organizers of the “Occupy Trenton” protest told me: MoveOn attempted to set the agenda and pretend it was their event.

As I noted last week:

Everyone’s trying to cash in on the courage and conviction of the Wall Street protesters.

People are trying to associate Occupy Wall Street with their pet projects, in the same way that advertisers try to associate the goodwill of the Super Bowl, NBA playoffs, World Series or Olympics with their product.

But I hear from OWS organizers that the protesters come from totally diverse political affiliations. Many protesters support Ron Paul, many like Obama, others are for other parties or candidates or don’t vote at all.

The protesters themselves are having none of it, tweeting today:

We don’t want to be the democratic tea party or liberal tea party. We want to be our own movement separate of any political affiliation.

Update: Another tweet from the protesters:

We don’t represent liberal interests nor are we the liberal tea party. We represent the interest of the 99%

And as I pointed out Tuesday:

The two main challenges [facing the protesters are]: (1) An attempt by both the Democratic and Republican parties to co-opt it (see this, this and this); and (2) agents provocateur (see this, this and this) [and here].

Posted in Politics / World News | 7 Comments

Here is more from the great website Washingtonsblog.com

Economists: End Or Drastically Downsize the Fed

Read and view the entire piece here.

Excerpts:

[Congressman Dennis Kucinich's bill to nationalize the Fed, and his call on protesters to demand nationalization of the Fed] drastic, but it is the only way to check the fact that commercial banks create debt money recklessly, and now “casino capitalism” gambles that are bound to fail.

If we could implement the 100% reserve proposal and administer it correctly, I’m all for it. The government would NOT create credit for gambling, or ensure it.

Austrian-school economists such as Murray Rothbard want to abolish the Fed:

I [ the author of Washingtonsblog] noted Tuesday:

The New York Sun reported that a … Nobel economist may have implied that the Fed should be abolished:

Thomas Sargent, the New York University professor who was announced Monday as a winner of the Nobel in economics … cites Walter Bagehot, who “said that what he called a ‘natural’ competitive banking systemwithout a ‘central’ bank would be better…. 

Nobel prize-winning economist Joseph Stiglitz strongly dislikes the Fed:

Joseph Stiglitz – former head economist at the World Bank and a nobel-prize winner – said yesterday that the very structure of the Federal Reserve system is so fraught with conflicts that it is “corrupt” and undermines democracy.

In fact, many high-level economists have blasted the Fed for bungling virtually everything it does.

For example, Nobel prize winning economist Paul Krugman wants the big banks to be broken up because their very size warps the political system:

 My view is that I’d love to see those financial giants broken up, if only for political reasons: it’s bad to have banks so big they can often write laws.