Of Revolution and Revolutionaries

Fri, Sep 30, 2011 - 11:29am

Thanks, everyone, for the "day off" yesterday. I needed to step away and clear my head. A little fresh air always helps the cause. It's Friday. I'm back. And there are a few things we need to discuss.

First of all, the markets in general. I can't find a single one I like. The "dots" of impending collapse are everywhere. The challenge is to try to connect them...or at least connect them in a reasonably accurate manner that allows you to move with confidence. In the end, though the global central banks seem to have unlimited fiat with which to prop them up, worldwide equity markets look as if they are perilously close to outright collapse. And don't ever forget the ultimate, short-term benefit that would befall the U.S. should this occur, first eloquently brought to our attention by the great Tyler Durden nearly two years ago:


As this pertains to the PMs, traders should exercise supreme caution here. As you can see on the charts below, a breakdown today could foreshadow even more weakness next week. As I mentioned Wednesday evening, given the unprecedented level of C/C/C manipulation we've seen, I doubt they're done. Lots of moving averages out there that might provide support levels but I'm sticking with my ruler and sharpie and they continue to show possible bottoms near $24 and $1480. Again, if you must trade, please be cautious.

Lastly, I've noticed that, nearly every day, discussion increases here regarding the ongoing protests in New York. Many here are very passionate about the dangerous and tenuous position in which the current system of crony capitalism and banker oligarchy has left us. Fine. Me, too. However, I do not feel that Marxism and Marxism-lite (socialism) is the answer.

Perhaps one or two of our NY-based turdites could venture down toward lower Manhattan tomorrow to ask a few questions of these peace-loving youths so many seem to idolize. Let's start with:

1) What is the Federal Reserve, what is it's function, when was it created and what policy are they currently following that is so ruinous to the life savings and purchasing power of the average citizen?

2) What is a Credit Default Swap and what role did it play in the 2008 financial crisis?

3) In hindsight the repeal of the Glass-Steagall Act in 1999 was not a very good idea. What was the Glass-Steagall Act and why was it important?

4) Going forward, which type of leader do you prefer? George Washington or Vladimir Lenin? Martin Luther King or Che Guevara?

I'm not going to wait for the answers. Why should I when I already have evidence like this:

Cornel West's Closing Remarks at Speach at Liberty Plaza in NYC

Is this an intelligent, thoughtful group which seeks reform within the current capitalist system that has defined America for 235 years OR is this simply a group of mind-numbed, "useful idiots" blindly repeating the mantras of a marxist revolutionary? You decide.

Clearly, in managing the situation, some police officers have over-reacted. This is always disheartening. Given the mayhem that has accompanied similar anti-capitalism "protests" in cities such as Seattle and Toronto, it would seem that the NYPD is not looking to be overly-friendly. This does not mean, however, that our mantra is "F the Police". If you think that the police are the enemy, then I must ask you two questions:

1) The next time you are in trouble....from a home invasion, a simple assault or a car accident...who will you call? Maybe you can take of yourself just fine but who will your spouse call if you're not around? How about your daughter? How about your mother? Who will they call?

2) And how did you feel about the police on 9/12/01? Were you proud of them or did you go around yelling "F the police"? Then ask yourself: What has changed? Have the police changed or have I changed? Your honest answer to that question needs to be considered.

Ok, time to conclude this post. Please understand, I know that the current system is unsustainable and must be changed. I am not, however, throwing in my lot with this first batch of "protesters". Marxist revolutions only lead to tyranny and mass graves and I won't be a party to it. Instead, we need a revolution of personal freedom and responsibility. We must reclaim representative democracy and free enterprise. When that movement finally takes to the streets, count me in. To that movement only, I will happily pledge my life, my fortune and my sacred honor. TF

p.s. Given the "controversial" nature of this post, the comments sections will be closely monitored. All views and opinions are welcome but anyone not observing TurdWorld Rule #1 (treat others the way you want to be treated) will likely see their comments deleted. We need more peace and less hate in this world and I will not allow this site to promote anger and hostility. We are all on the same team here and we need to work together if we are going to survive the turbulence ahead.

About the Author

turd [at] tfmetalsreport [dot] com ()


Oct 2, 2011 - 1:10pm

That whole Guy Fawkes thing

Sorry for sounding a bit Glenn-Beckish, but people really should read their history.

Oct 2, 2011 - 1:13pm

David Stockman: Blame the

David Stockman: Blame the Fed!

Here is a very informative interview/podcast with David Stockman by Chris Martenson.


On The Fed

As far as I’m concerned, Bernanke is the monetary Darth Vader. He has destroyed the bond market. Because fundamentally, in a healthy capitalist system, the interest rate in the money market and in the longer-term capital market is the price of money and the price of capital. And if the pricing system isn’t working, if it’s been totally crushed, disabled, manipulated, rigged, medicated, everything that the Fed has done with QE1, QE2, zero interest rates, Operation Twist - all the rest of this insanity - then we’ve destroyed the ability of the capital market to function and we’re giving false signals in every direction.

On The Economy

We effectively had, over the last thirty years, a national LBO - a leveraged buyout of the whole economy. And this is important because if you look at the difference between our historic leverage ratio [1.6 times debt to GDP], which seemed to be compatible with a stable and usually growing economy, notwithstanding periods, obviously, of boom and bust. But at 1.6 times, we would have about $22 trillion of debt -- public and private -- on the US economy today. We actually have $52 at 3.6 times. So the extra two turns have put on the economy -- households, business, government, we can go through the different sectors -- roughly $30 trillion in debt that’s being lugged around by the US economy as it struggles to stay even, to say nothing of recovery today. And until that massive over-leveraging is worked down and reduced and liquidated, which will take years and years in a painful process, we’re not going to get back on track as an economy.

On Our Political Leadership

It’s hard enough for politicians to face the music, to dispense bad news, to make hard choices, allocate pain to constituencies whether it’s spending cut or tax increase. But when the Fed destroys the bond market, which is the benchmark for the whole capital market, and tells the Congress that you can borrow money for two years at eighteen basis points, which is -- as far as Washington’s concerned -- that’s a rounding error. It’s the same as free.

When you’re giving that kind of signal, then there is no incentive, there’s no motivation for people to walk the plank and face down this monster of a fiscal deficit and imbalance that we have.

Washington thinks you can kick the can down the road, the debt is more or less free, and we’ll get around to solving the problem. But today, let’s not make any tough choices. That’s where we are.

cpnscarlet American Oligarch
Oct 2, 2011 - 1:13pm

@American O. - You must

@American O. - You must admit, however, that it is the best kind of tax - near and dear to the heart of Adam Smith. 1) It is an excise, 2) it is completely avoidable (don't drive so fast), 3) engaging in the extra taxation is desirable - if you're a speed demon like me.

If only all taxes were so "enjoyable"!

Oct 2, 2011 - 1:17pm

re raised fist

Credit Crumbs - a raised fist in my books is a raised fist. It is not a symbol of peaceful change. But by all means join a violent protest with mixed means and aims but I am not so sanguine. I am working on starving the beast but hope we can preserve what crumbling infrastructure we still have. But okay, believe that the hard left is not involved in these protests if you must. Evil walks on both sides of the street.

Oct 2, 2011 - 1:17pm


Response to Audrey - I agree with those messages posted above, which appear to have appropriately summarized my thoughts as well.

For those individuals who are at these protests, my question regarding Federal Reserve Bank status as governmental or corporate is the crux of the matter.

The protests appear to select "capitalism" as the target of their frustration.

The reality is that "capitalism" is a philosophy and not a specific physical entity.

Creating a fight against capitalism is alot like creating a war against "terror". Neither fight reflects a physical objective or target that can be won or lost.

On the other hand, if a bank backs the fight, then the lender might profit from the fight. Hence, my question posed to the protestors regarding FRB. Who is backing this economically?

Someone has to pay for the website here and over there too.

Oct 2, 2011 - 1:19pm

re: raised fist


Those damn, rotten commies:

It means PROTEST. It means FIGHT TPTB. It means... it's a frigging SYMBOL. It means whatever people want it to mean.

The irony of the whole situation as it regards the US, is that no 'revolution' is needed. What is needed first would be a systematic reexamination of the laws and contracts governing the economy, and a CONSISTENT, IMPARTIAL enforcement of the existing laws. With the Constitution being the first. (Hmm... where might we have heard this before...?)

If you feel the status quo to be unacceptable, unfair and unjust, PLEASE offer an alternative mode of effecting change before dismissing any attempts to change status quo as a bunch of leeches desiring to take your PMs. And, BTW, by what stretch of the imagination are Anonymous to be considered Communists? Please, point to a specific source describing anyone other than this outfit as being the original organizing/driving force behind the movement? These guys had the #OpWS going in early summer. Which is not to glorify them or claim unending devotion to them, but come on. Now, worst case scenario, Anon is a PsyOp plant by a) the current PTB or, b) a rival PTB -- in either case their followers/adherents are people who want to improve the current situation that are being led by the nose. I personally doubt that's the case, there are too many individuals involved, the structure is too diffuse and decentralized.

Las Vegas dude -- you view of 'f*^& you, I got mine' is simply brilliant. Hat tip for sheer honesty. Let's see how that works in the medium-long term.

Oct 2, 2011 - 1:23pm

@Las Vegas Dave - I don't

@Las Vegas Dave - I don't think I'd use those words, but you're right on! The one thing people seem to be missing here is that we have heard the voices of the protesters in the press, and it does seem to me that most of them are the good-time-rock&roll-plastic-banana dope smokers that wouldn't know a dialectic from an ass on the ground. Yes, they are the useless/useful idiots who could be easily convinced to break the windows of a brokerage house on Wall St and then marched over the Brooklyn Bridge to go steal someone's stack.

These people can not be ignored due to their shear numbers, but they certainly don't seem to be "my type" of people. They are not up for the great libertarian/constitutionalist struggle that many of us here are. Those on Wall and Broad who are seem to be easily drowned out in the noise.

Oct 2, 2011 - 1:26pm

For all who dont know

New Thread for those that dont know.


Oct 2, 2011 - 1:29pm

More protests

More protests. Take Back Boston:

Take Back Boston March & Rally

In front of bank exec residence:

Residents Take Foreclosure Fight to Bank Exec's Doorstep

(Thanks to AldousHuxley at ZH for the links)

Oct 2, 2011 - 1:31pm

Wall Street Protests: Which Side Are You On?

For the past 30 years, the country has stood behind the titans on Wall Street and their values. We listened when they said that their banks were too big too fail. Today, there is only one thing that's too big to fail: the dreams of this new generation, finding its voice in Liberty Park. All of America should now stand with them.


Oct 2, 2011 - 1:37pm

Sometimes an idea crosses my mind....and a partial intro

While looking into charts around the net of the Great Recession/Depression I ran into the obligatory photos of the soup lines. Those people in the cities that had to stand in public to get food.

The current situation of the food voucher system is truthfully dire. Charts can be found here;


(Sorry don't how to embed charts yet.)

If the food stamp program were to be dismantled we would see a much greater visible presence in the effects of the current economic problems, as well as the population in the demonstrations. I've been writing my Senators, and Representative for two years now. I do not feel my views are competently represented.

I was a "late baby" in that my mother was 41, and my father was 42 when I was born. They both had formative childhoods during the depression. My father and uncle whom I worked for at the age 10 and up were hoarders and collectors. My uncle would have qualified for the program on television, but my father was less of a hoarder. It grinds on me to watch that show as I understand those people. I fight the impulse myself. The point being is that the economic hardships of that age have passed away with my parents and their peers.

The fact that the GDP is only reaching a minor quantity of population is lost to the MSM. It's been reaching a smaller population for Decades. We are in for a world of hurt if the system we have can't be salvaged. The wealthy and the Corporations that are sitting on piles of cash are afraid of losses if they invest. If the system we have can't be salvaged they will have greater losses than they can imagine. We all will hurt. It won't matter that we might have our food stockpile, guns/ammo, or PMs. We will hurt for it.

I just signed a Whitehouse petition for the Ron Paul effort to make Gold and Silver a competing currency. See the article here;


At the bottom of the article is a posters link to his petition. You will be required to sign up with Whitehouse.gov. The sign up process is sort of glitched, but after signing up I had to reload the original link. I believe in baby steps right now as speeding up a bike while spokes are out of alignment is unwise.


I give thanks for the rising of the sun every morning. When that fails.....

Oct 2, 2011 - 1:49pm
Oct 2, 2011 - 1:52pm


In response to something Stephanie wrote yesterday and to those who are fearing some 'far left' leviathan in Amerika I will simply repeat that there is no far left of any consequence in this country. Period. There is 'socialism' in the U.S. today but it is Corporate Socialism and it is at least 30 years old now. I am doubled over in laughter when I hear the same old fears dragged out of the closet again and again to attempt to discredit and or deny a new and real socail movement.

Simply study the income curves and disparities over the last several decades between the middle class and the top tier. That my friends is Corporate Crony Socialism underlined.

It is silly and paranoid to believe that these mushrooming demonstrations are being managed and inspired by hard core elements of some imaginary 'left'. One ignores and disgraces the reasons for this new phenomenon. And those who continue to believe that drivel will be rolled over by history.

Gerald Celente once again nailed it when he predicted that in 2011 the have nots would finally begin to rise up. Let none of us be distracted by fears which discount the importance of these events. Lets maintain focus on why this is happening. It is as plain as the nose on your face.

And if there are crowd rabble rousers you are much better served to look at a repeating pattern that happens at every demonstration in North America and Europe over the last 5 years. I am talking about agent provocateurs who dress as demonstrators, who's intent is to create violence and back lash against them and who all work underground for the facist system of corporate-government alliance.

If you want to concentrate on 'instigators' and 'outside elements' and stay up at night knashing teeth and worrying about the purity of the movement, than at the very least worry constructively about something real. "It takes no ghost come from the grave to tell me this", that agent provocateurs of the government and the banking interests will be used plentifully in the days,weeks and months ahead.

The Vet vamoose1
Oct 2, 2011 - 2:04pm

vamoose1 - education failures...

"they are wildly furious, whether they are students with a 45 thousand dollar student loan and no job"

In a quite unrelated way this article in today's Calgary Herald throws some light on how the failure of the education system is to blame for this crisis. College courses are designed for profit; that is the college profit, not the students. "Soft subjects" of no real commercial value in the real world that lead to no job skills are promoted because they are cheap to deliver to large numbers of students and result in a "qualification" of no practical use to the student or society as a whole...

"Jobs, jobs, jobs, we keep hearing. But for whom, whom, whom?

Certainly not for the many young Americans being graduated from colleges that have prepared them inadequately for the competitive marketplace in which they find themselves. The failure of colleges and universities to teach basic skills, while coddling them with plush dorms and self-directed "study," is a dot-connecting exercise for Uncle Shoulda, who someday will say - in Chinese - "How could we have let this happen?"

Read more: https://www.calgaryherald.com/business/quantity+education+that+matters/5490063/story.html#ixzz1ZeH223Sl

Oct 2, 2011 - 2:10pm

Dem leave sorrow, tears and blood

Dem regular trademark.

Video unavailable

Everybody run, run , run...

Everybody scatter, scatter...

If nothing else about the wickedest groove ever.

SilverSmith111 lostinspace
Oct 2, 2011 - 2:13pm

Hugh G Please don't leave

I love your contributions. I came to Turd's first blog from ZeroHedge after deciding that metals were the only safe haven left in which to invest. I've learned more about economics in this past year than in my entire lifetime. I'm currently watching Money Masters. Fascinating.

I know (assume) you feel insulted. But I'm sure there are many like me who appreciate your contributions. Reading the back and forth between opposing viewpoints gives me the opportunity think, and to refine my views. I'm still learning and I appreciate what you bring to the table. We are truly all in this together.

vamoose1 Strongsidejedi
Oct 2, 2011 - 2:37pm


Thank you, this is really fun, i could do it all day long. HOLD IT!!! I do do it all day long.!!

vamoose1 The Vet
Oct 2, 2011 - 2:41pm

@the vet

wow, so true. I learned nothing in college as can be plainly seen!!

vamoose1 J Y
Oct 2, 2011 - 2:47pm

black power

I remember this photo, that was the podium at the 1968 summer olympics, those two guys had just come first and third in the hundred metres, cant recall his name, Hey!! it was 68 ok, lucky to remember anything.

Oct 2, 2011 - 2:54pm

A Brief History of the "Clenched Fist"

This is a fascinating article: https://www.docspopuli.org/articles/Fist.html

From the article: "Fist images, in some form, were used in numerous political graphic genres, including the French and Soviet revolutions, the United States Communist Party, and the Black Panther Party for Self-defense. However, these all followed an iconographic convention. The fist was always part of something - holding a tool or other symbol, part of an arm or human figure, or shown in action (smashing, etc.). But graphic artists from the New Left changed that in 1968, with an entirely new treatment. This "new" fist stood out with its stark simplicity, coupled with a popularly understood meaning of rebellion and militance."

What's interesting to me is how the article talks about how the fist icon is sometimes appropriated for more than just the "New Left" - it's been used (more in a parody form) for a Harold Stern poster, a money-making hand (with cash in fist), and even a variation of raised fists was used for a 9/12 Tea Party poster.

I do believe, however, that the solitary raised fist is a very common icon used in socialist groups. I certainly have a very strong unconscious connotation with that fist and the "far left."

When I say "socialist," by the way, I don't mean "light socialists" like my liberal friends who think the government should offer health care. I mean, hard-core far left socialists, who want a redistribution of wealth and "communism-lite." I haven't done any specific research on it, but I am guessing that many "communist" groups probably started to use the term "socialism" more and more because communism was so demonized in the 50s.

In fact, I'm curious about that now - I'll look it up when I have some time.

I'm just sharing this as history and observation, not trying to stir up "paranoia." I just find it interesting.

PS Hugh, thanks for the apology. I think you are generally a fine contributor to the site, just maybe ease up a little on the whiskey-induced flaming. ;-)

Oct 2, 2011 - 3:09pm

Adbusters and OccupyWallStreet

First off - I have not spent much time checking in to this OccupyWall Street movement - so I thought I would go to the source and find out what they are all about. It only takes a bit of online sleuthing to reveal some interesting tidbits about the OccupyWallStreet linkages.

https://occupywallst.org/about/ Here they state that the genesis of the movement is from the group Adbusters (but that OccupyWallStreet is not affiliated with Adbusters). Affiliated or not - there is obviously some support from one organization to another as Adbusters appears to be tightly aligned and the initiative was "their" idea. Adbusters is a Vancouver BC based ecological magazine that claims on their "about" page; "We want a world in which the economy and ecology resonate in balance. We try to coax people from spectator to participant in this quest. We want folks to get mad about corporate disinformation, injustices in the global economy, and any industry that pollutes our physical or mental commons." A little more Googling reveals this page about Adbusters on ActivistCash.com https://activistcash.com/organization_overview.cfm/o/36-adbusters This is an interesting read. According to ActivistCash.com, Adbusters is united in a hatred for big business - pure anticorporatism. Adbusters co-founder Kalle Lasn coined the term Culture-Jamming, in his book of the same name. Lasn describes Culture-Jamming as a form of vandalism designed to subvert mainstream society. According to ActivistCash.com, "Self-described culture jammers are typically also rabidly opposed to economic globalization and harbor virulent hatred for multinational corporations. Don’t call them “lefties,” though. Lasn thinks the Left is too “establishment” these days." Another couple of interesting bits from the ActivistCash.com page regarding Adbusters ..

Judging from its magazine, Adbusters wants us to make do with fewer of the conveniences and technological advances we take for granted.

Food? “[E]very meat eater is responsible for the death of 2000 animals in his or her lifetime,” the November/December 2002 issue tells us. That issue, featuring a photograph of pigs juxtaposed with Nazi death camp prisoners, may have inspired People for the Ethical Treatment of Animals’ outrageous “Holocaust on Your Plate” exhibit.

The car? “[A]rguably the most destructive product we humans have ever produced,” Lasn writes. Even refrigerators contribute “noise pollution,” so he suggests their total elimination.

Adbusters does not sound like a group that is for more freedom - quite the contrary. I don't have any experience with this magazine, but spending a bit of time looking through the online samples of past publications (available here) kinda makes me think they are a group of radical enviromentalists. (Friends of the Earth and Greenpeace are big backers according to Adbusters themselves). Perhaps I've just spent too much time focusing on Adbusters - but - since the OccupyWallStreet group highlights this as the genesis of their movement, I think it's fair to take a look.
turnoffthewater George Clooney
Oct 2, 2011 - 4:22pm

re raised fist


I understand that everyone (including me) wants a peaceful end to any situation, however, reality is reality. I can only face it and prepare (and will continue stacking at what ever price even though the manipulation continues). Unfortunately, there are no coupons to cut. lol. Okay, I'm a realist and saver. lol. But I read this:


and one of the commenters summed it rather succinctly for me.

Ms. Wiseman

June 21st, 2011 at 3:20 pm

Nations rise and nations fall. There has always been a New World Order. The times in which we live is just the New World Order of the last New World Order. Ancient Egypt, Old Testament Israel, Assyria, Babylon, Roman Empire, ancient Greece… Same game, different players. There is nothing new under the sun. It’s always been about food, natural resources. Whoever controls the food controls the people. Money (debt) is just a means of stealing your power. If a nation only has one million dollars which the bankers lend, the bankers want one million dollars back PLUS INTEREST! But wait… there is JUST ONE MILLION DOLLARS IN CIRCULATION!!! The only way to pay them back with interest is to liquidate some human resources, you know, the poor unfortunate folk at the bottom of the economic pyramid, and raise prices on the things they control like Food and Oil. There is absolutely NO WAY to “just work harder” all the time and voila!… the American Dream falls in your lap. You can’t beat a horse to “just run faster”. My, my. You people actually support a government that would steal from you to give to the bankers. The borrower is slave to the lender. Always has been, always will be.

Oct 2, 2011 - 5:11pm

Armstrong re OccupyWallStreet

This has been a long thread so I may have missed this one somewhere on the previous pages. Apologies if this has already been posted.

Martin Armstrong published a quick one pager (don't often see something this brief from him) regarding the OccupyWallStreet movement. He focuses on the Market Manipulators - something all of us here in Turdville can relate to.

Here's the article.

Perfidious Albion
Oct 2, 2011 - 5:42pm

How life should be....

Quadruplet Babies Laughing
Oct 2, 2011 - 6:12pm

I don't accept the equivalence

I don't think that people who support Ron Paul are the equivalent of the KKK. Neither do I believe that leftists are the equivalent of the KKK. In fact, I believe these groups (Paul supporters and leftists) represent the antithesis of the KKK, which is/was based upon terrorizing people of another race in order to sustain social relations of white supremacy and black degradation. If the protesters were Nazis or Klan members then I would support throwing rocks at them, not marching with them, regardless of the cause. Groups like that are by their nature divisive and evil. The ideas they represent need to be isolated and purged from any movement of the people. To argue for unity, does not require one to go so far as to unite with Nazis and the Klan. I don't advocate unity above all. There are some obvious limits, such as uniting with racists or fascists.

I think the people that are protesting on Wall Street are diverse in their beliefs, except for a shared understanding of The Big Ripoff and who is responsible. I have seen no indication that their beliefs fundamentally clash with my own, and I am willing to look past relatively minor disagreements, as well as to put more significant disagreements on the back-burner. The larger disagreements that I might have with various ideologues are inessential in the short-term b/c their most radical demands are simply not on the table, at this point.

If this protest gets through the winter, then it will probably have begun to develop a clearer set of ideological tendencies. This would provide a basis upon which sharp debate about what ideas are better or worse can occur. At that point, I would be interested in clearly defining differences within the movement. But at this very early stage I think unqualified support is called for.

Audrey Bobbejaan
Oct 2, 2011 - 6:37pm

Bobbejaan - thank you kindly

Bobbejan writes: ""Reckless" implies either intent or deliberate disregard ... I would consider that "careless" or "imprecise" would be more appropriate to YOUR context..."

This may help with definitions:


adj. 1. a. Heedless or careless. b. Headstrong; rash. 2. Indifferent to or disregardful of consequences: a reckless driver. Thanks for your reply Bobbejan, it is kindly appreciated. Regards


Bobbejaan J Y
Oct 2, 2011 - 6:48pm

Re :- Raised Fist


It means PROTEST. It means FIGHT TPTB. It means... it's a frigging SYMBOL. It means whatever people want it to mean.

It means ... Power in the Darkness :-

tom robinson band - power in the darkness

SOMETIMES, the Darkness needs to be made more aware that they're Up Against The Wall :-

Tom Robinson Band - Up Against The Wall

and SOMETIMES, perhaps the way to do that is to create a Long Hot Summer in NY (like 1978) :-

Video unavailable

and SOMETIMES, people feel they have no choice but to Don't Take No For An Answer :-

Video unavailable


Hmmm, maybe after 33 years, it's time for TRB to do a re-release.

Oct 2, 2011 - 8:33pm

This is their list of

This is their list of issues:

They have taken our houses through an illegal foreclosure process, despite not having the original mortgage.

They have taken bailouts from taxpayers with impunity, and continue to give Executives exorbitant bonuses.

They have perpetuated inequality and discrimination in the workplace based on age, the color of one’s skin, sex, gender identity and sexual orientation.

They have poisoned the food supply through negligence, and undermined the farming system through monopolization.

They have profited off of the torture, confinement, and cruel treatment of countless animals, and actively hide these practices.

They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions.

They have held students hostage with tens of thousands of dollars of debt on education, which is itself a human right.

They have consistently outsourced labor and used that outsourcing as leverage to cut workers’ healthcare and pay.

They have influenced the courts to achieve the same rights as people, with none of the culpability or responsibility.

They have spent millions of dollars on legal teams that look for ways to get them out of contracts in regards to health insurance.

They have sold our privacy as a commodity.

They have used the military and police force to prevent freedom of the press.

They have deliberately declined to recall faulty products endangering lives in pursuit of profit.

They determine economic policy, despite the catastrophic failures their policies have produced and continue to produce.

They have donated large sums of money to politicians, who are responsible for regulating them.

They continue to block alternate forms of energy to keep us dependent on oil.

They continue to block generic forms of medicine that could save people’s lives or provide relief in order to protect investments that have already turned a substantial profit.

They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit.

They purposefully keep people misinformed and fearful through their control of the media.

They have accepted private contracts to murder prisoners even when presented with serious doubts about their guilt.

They have perpetuated colonialism at home and abroad. They have participated in the torture and murder of innocent civilians overseas.

They continue to create weapons of mass destruction in order to receive government contracts.

Declaration of the Occupation of New York City | NYC General Assembly

Oct 2, 2011 - 8:47pm

Pacific Take

I am biased in this topic as been actively trying to promote #occupywallstreet in the last two weeks due to thinking that this movement may be the only opportunity for real change in the world. As it will bring awareness to the Market Manipulators (TPTB) as stated in Martin Armstrong's latest pdf

For me actions always speak louder the actions that were my tipping point were

  • In first week there was no press from corporate media and especially interesting to me were the Fox reports in discrediting the pepper spray incident.
  • A significant number of leaders from the Left are not supporting this movement or staying silent
  • #OccupyWallstreet has not trended in US Twitter but other topics relating to it are trending and personal experience in checking number of new tweets in trending topics
  • JP Morgan giving 4.6 Million donation to NYPD and 400 million to twitter.
  • Media trying to portray this movement as just for hippies when their are significant numbers of other views i.e Ron Paul supporters and Occupy Chicago movement main target is the Chicago Federal Reserve.
  • Michael Moore, Matt Taibbi, Martin Armstrong, Max Keiser, williambanzai7, George Washington supporting this movement
  • You tubes relating to the movement

For me the reason why there are so many "hippies" currently camping in NY is because they are more attuned to be able to sleep in a park and be able to accept many different points of views. In my experience its much harder for conservatives and libertarians to accept fools. So left portion of the 99% is to create a base for movement that will accept 99% against the 1%.

I have been telling people for the last year of the potential collapse of our whole way of life. My boys are aged 19, 14 and 12. So instead of waiting for the collapse and hoarding physical silver, I would rather be able to tell them when it hits the fan that I did try and save their future.

Today my father asked me about the protests at Wall Street and that the media are not telling the truth. So this movement has now hit a media tipping point.

The key for this movement is dont worry what ideology you are and just focus on saying that TPTB have to much power that needs to be addressed. The details will depend on which people are going to take leadership positions in this movement. If you don't like that ideology that is being presented by your local occupy movement then take part and change the conversation.

TPTB will try and divide the 99% and I have seen this in the last few days in twitter posts trying to separate tea party members from the movement.

Oct 2, 2011 - 11:21pm

Occupy Los Angeles movement

I have located a live feed of the Occupy Los Angeles activity. I also found earlier a youtube video from SF where a US Marine vet said exactly what has been on my heart for some time.

Here's the link to the Occupy Los Angeles feed.


Here's a remarkable link to home grown video news coverage from the Pershing Square demonstration over the weekend.

We Are the 99 Percent

This demonstration process has legs and I think that the targetting on the banking fiasco is stronger in LA than in NYC.

NYC is off track because they're talking about "capitalism" as a target.

The target can NOT be a philosophy.

The target must be a physical object in order to effect change.

Reform of the Federal Reserve System is required because our money is being devalued by the fluctuation in M-3 monetary supply (see shadowstats).

The LA crowd has more impact upon their lives by the banking fiasco because it is the LA crowd who have been thrown from their homes, their businesses, and their families have been disrupted.


Donate Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 5/20

5/20 7:00 pm ET CGP speech
5/21 10:00 ET Existing Home Sales
5/22 2:00 ET FOMC minutes
5/23 9:45 ET Markit PMIs
5/24 8:30 ET Durable Goods

Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
5/14 8:30 ET Import Price Index
5/15 8:30 ET Retail Sales and Empire State Manu. Idx.
5/15 9:15 ET Cap. Ute. and Ind. Prod.
5/15 10:00 ET Business Inventories
5/16 10:00 ET Housing Starts and Philly Fed
5/17 10:00 ET Consumer Sentiment

Key Economic Events Week of 5/6

5/9 8:30 ET US Trade Deficit
5/9 8:30 ET Producer Price Index (PPI)
5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)