Monday, April 20, 2009

Against TPTB; Keep On Truckin'

Instead of TPTB [The Powers That Be], which has an ominous tone but lacks all specificity, I prefer MICFiC -

I ndustrial
C ongressional
Fi nancial
C orporate Media Complex

The first draft of Eisenhower's 1961 Farewell Address referred to the "military-industrial-congressional" complex, and I've made it more inclusive by adding the financial and corporate media wings.

Of course, from within the MICFiC (note the non-capitalized second "i" - it makes the graphic design of the acronym more interesting, as well as easier to say) it's quite clear that there are factions and struggles. However, from outside the MICFiC, the term promotes recognition of:

the aggregation of power

the use by this complex of the governing apparatus of the Republic to promote perpetual war preparations - and actual mass murder as often as possible

its purpose - to steal from the people using the tax system, and use them as raw material

its method of mind control - the mass media's constant distraction and disinformation - on one level, for one group of people, "The Price is Right" and "American Idol" - for another group of people, smooth-talking neoconservative paranoia via PBS and NPR

No one knows what will happen next - but I was impressed by something William Black (author of The Best Way to Rob a Bank is to Own One) said in his April 3, 2009 interview with Bill Moyers.

There's a saying that we [who were working on the Savings and Loan crisis] took great comfort in. It's actually by the Dutch, who were fighting this impossible war for independence against what was then the most powerful nation in the world, Spain. And their motto was, "It is not necessary to hope in order to persevere."

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Tuesday, April 07, 2009

April 11 - Assembling to Petition for a Redress of Grievances

On April 11, 2009. at 2 PM, in various cities across the U.S., groups of citizens will gather in opposition to bailouts putting the people as a whole into bondage to the big banksters.

The aims of "A New Way Forward" are:

NATIONALIZE: Experts agree on the means -- Insolvent banks that are too big to fail must incur a temporary FDIC intervention - no more blank check taxpayer handouts. (see Krugman on nationalization)

REORGANIZE: Current CEOs and board members must be removed and bonuses wiped out. The financial elite must share in the cost of what they have caused. (see Simon Johnson on reorganizing)

DECENTRALIZE: Banks must be broken up and sold back to the private market with strong, new regulatory and antitrust rules in place-- new banks, managed by new people. Any bank that's "too big to fail" means that it's too big for a free market to function.

Our plan: Real structural change of Wall Street

DECENTRALIZE: Any bank that's "too big to fail" means that it's too big for a free market to function. The financial corporations that caused this mess must be broken up and sold back to the private market with strong, new regulatory and antitrust rules in place -- new banks, managed by new people. An independent regulatory body must protect consumers from predatory practices.

As Wall St. corporations grew bigger and bigger until they were “too big to fail,” they also became so politically powerful that they led to distorted and unfair policies that served companies, not citizens.

Its not enough to try to patch up the current system. We demand serious reform that fixes the root problems in our political and economic system: excessive influence of banks, dangerous compensation systems, and massive consolidation. And we demand that the reform happen in an open and transparent manner.

Read more about what we want and can achieve and see our blog for more related information.

Also, see these three great economic interviews that can get you up to speed from Bill Moyers : Simon Johnson on the financial oligarchy, 2/13; William Greider on restructuring and ANWF rallies, 3/26; and William Black on financial fraud, 4/2.


Amendment I to the Constitution of the United States

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.