[Sosfbay-discuss] End the Fed Rally Report

[Carol Brouillet]

Here's where I posted photos and a report on the 
End the Fed Rally and the speech I wrote which is pasted below.

http://www.communitycurrency.org/etf.html
   A central thesis of Grey Brechin’s excellent 
history - 
<http://www.ucpress.edu/books/pages/8263001.php>Imperial 
San Francisco: Urban Power, Earthly Ruin is that 
cities and empires are born out of violent 
conquest and built upon the labor of miners. We 
are here to call for an end to the Federal 
Reserve, to demand sound money, backed by 
something of real tangible value, not the 
imaginary wealth of incomprehensible derivatives or printed paper.
          Jacques Jaikaran’s book- 
<http://www.glenbridgepublishing.com/html/debt.htm>Debt 
Virus: A Compelling Solution to the World's Debt 
Problems exposes the inherent flaw of a 
debt-based currency system. Even before the 
advent of fractional reserve banking, the Federal 
Reserve Act, next to brute military force, money 
was the most powerful tool of empire. Empires 
generally fall when 2% of their population 
controls the vast majority of the wealth, by 
destroying their ecological base. With a global 
empire, we are witnesses to the destruction of 
the forests, the oceans, the lungs of the world, 
the extinction of species, the end of the Cenozoic Era.
          The Cree prophetically said:

“When all the trees have been cut down, when all 
the animals have been hunted, when all the waters 
are polluted, when all the air is unsafe to 
breathe, only then will you discover you cannot eat money.”
         The imperial city of San Francisco was 
built not just from the gold and silver extracted 
from the Sierra Nevada Mountains, but from the 
technology that was developed, refined here and 
exported to extract gold and silver from Africa, 
Central and South America, throughout the world. 
The mining in California and other places has 
made a few people extremely rich, but has come at 
a very high ecological and human cost. For this 
reason alone, I don’t think that gold and silver 
are the best choices to back a currency, 
particularly since it continues to spur the mining industry.

          Over a hundred years ago, bank panics 
occurred with alarming regularity, driving 
farmers off their land. A debate over whether to 
back currency with gold or gold and silver led to 
the rise of the Populist Movement and the first 
major march on Washington D.C. led by William 
Jennings Bryan. Bryan and the Populist Movement 
were immortalized in L. Frank Baum’s books, 
including the Wizard of Oz, Oz represented the 
ounce or the gold standard. [Details in Ellen 
Brown's book- <http://www.webofdebt.com/>Web of 
Debt] Bryan was a champion of silver, as well as 
a peace candidate, anti-imperialist, a 
trust-buster, the leader of the Democratic Party, 
three times its candidate for President. He 
became Woodrow Wilson’s Secretary of State. 
Bryan’s opposition to a “Central Bank” and the 
money monopoly were used to help Wilson pass the 
Federal Reserve Act which was generally thought 
to be better than a piece of legislation which 
clearly created a central bank under the complete 
power of the bankers; it was popularly assumed 
that the Federal Reserve Act was opposed by the bankers.
          Deception and fraud are key to banking 
and finance. Most people would be outraged to 
discover that bankers have the ability to create 
money out of thin air, loan it out at interest. 
Bankers don’t like to reveal their secrets, since 
belief in money and confidence in a bank is what 
enables them to create, with the strokes of a pen 
or key board, half a million dollars as a loan to 
a person, who is then obliged to pay them back a 
million (more or less, when you add up all the 
interest payments). Half the price of most goods 
and services is the cost of money which is 
continually transferred from the 80% who must 
borrow to the 20% that enjoy unearned income from 
what they possess. Banks depend upon an ever 
increasing money supply to keep the economy 
going. The financial system is one giant Ponzi 
scheme. Those with the most wealth and power are 
able to buy up the assets of others for pennies 
on the dollar, if there is a contraction, or a recession, or a depression.
          I have been expecting the system to 
collapse ever since I first understood what a 
fraud it was, but apparently with the help of the 
corporate media, one bubble has led to another, 
and another. In the 70s when Nixon detached the 
dollar from gold, currencies floated against one 
another, at the time 98% of the foreign exchange 
transactions had to do with real goods and 2% of 
the transactions were speculative, soon those 
numbers was reversed and a giant cyber-casino of 
speculative money was able to move quickly 
throughout the world, destroying entire countries economies.
          The US was a major force in trying to 
open up the rest of the world’s financial markets 
and “deregulate” capital flows. The 80 and 90’s 
witnessed the looting of the Savings and Loans, 
an enormous financial crime, costing US taxpayers 
upwards of 160 billion dollars. Unfortunately, 
speculation moved from real estate to the dot com 
bubble. The Repeal of the Glass-Steagall Act was 
followed by the passage of the Gramm-Leach-Bliley 
Act in 1999 and set the stage for a new round of 
financial integration, concentration, 
deregulation, criminal fraud, exotic new 
financial instruments, the housing bubble.
          In September 2001, a major 
international protest against the IMF, the World 
Bank, and the Bush policies was scheduled to take 
place in Washington DC. On the day Rumsfeld 
acknowledged the missing 2.3 trillion in the 
Defense Department’s bureaucracy. The global 
justice movement was on the rise. September 11th 
changed everything. The IMF meetings and protests 
were cancelled, but some of us went to DC anyway, 
to protest an impending war, and to lobby against the PATRIOT Act.
          When I realized that the official 
narrative of 9/11 was a lie, that the war on 
terror was a fraud, I redirected my energies from 
economics towards 9/11 truth. It has been a 
struggle, although 9/11 and false flag operations 
are easier to explain than global economics and 
money; the resistance to information which 
shatters one’s worldview is tremendous.

          Paulson’s plan to keep the game going 
by pumping trillions into the hands of the people 
who created the last bubble seems criminal at 
best, and doomed, since no one is interested in 
purchasing potentially toxic, worthless financial 
instruments. The bursted bubble is of such a 
gargantuan size that it does threaten to bring 
down the entire system, since there isn’t enough 
money in existence to cover the ever expanding 
debts and liabilities. The only way to keep the 
show running is by changing the rules of the 
game, which is what has happened in the last 
couple of months, extraordinary precedents have 
taken place, as unpayable liabilities get shifted 
to taxpayers and whatever profit can be squeezed 
out of a controlled demolition of the stock 
market, economy, is privatized and pocketed by 
insiders. There is no transparency, no accountability.
          I foolishly thought that if people 
understood the truth about money and the global 
system that the system would collapse. In the 
90’s many of us were advocates of local 
currencies to build community and at the same 
time educate people about how the monetary system 
worked. Local currencies can’t be used to finance 
wars. The manipulated rates of exchange and 
conditions forced upon third world countries has 
allowed the industrialized nations to basically 
loot and devour the resources of the “undeveloped 
nations.” The rest of the world has learned the 
hard way that the IMF and World Bank, corporate 
globalization, the WTO, are all threats to the 
environment, workers, the infrastructure- 
schools, healthcare, public utilities within 
their nations. 
<http://www.ratical.org/co-globalize/Stiglitz.html>Stiglitz, 
who worked for the World Bank, turned into its 
harshest critic and clearly identified the steps 
that it put victim countries through, including 
social unrest which is the anticipated result of 
austerity measures that force the majority of 
people into poverty while raising the price of 
the necessities of life out of their range.
          The dollar is now in a most precarious 
position. The dollar used to be the world’s 
global currency, backed by US military might, and 
oil. Since the financial crisis, much of the 
world recognizes the sheer criminality at the 
heart of the financial bubble which has infected 
most of the entire system. At the Bretton Woods 
II Conference last weekend, the G-20 met and 
began figuring out how to “reform the system” to 
give greater voice and participation to the 
world’s leading economies including China, India, 
Brazil in institutions such as the IMF and the 
World Bank, which has traditionally been 
dominated by the US. 
<http://www.youtube.com/watch?v=_mnyD8Zv1vY>Video 
clips of the summit are rather stunning to watch, 
as you can see all the world leaders shaking one 
another’s hands, with the exception of the 
“infected one,” their host- W is ignored as they line up for a photo op.
          Unfortunately, the collusion between 
global elites wishing to maintain their wealth 
and power regardless of the suffering or 
impoverishment of the vast majority of people 
will probably mean that the disparity in wealth 
is apt to grow and more resources will be used to 
police civilians in a largely undeclared war by 
the rich upon the poor. While the dollar may 
plunge, and the US might be excluded from the 
construction and domination of the architecture 
of the next financial system, that has yet to be 
determined. Illegal drugs, arms, war was at the 
heart of the last system. The greed, ignorance, 
wisdom, folly, honesty of world leaders will 
determine the next set of economic rules that 
they think will allow them to maintain and extend their power.

          Leading trend forecaster 
<http://www.youtube.com/watch?v=46MEqEgdLTg>Gerald 
Calente is predicting revolution. Money, after 
all, when you understand it, is basically an 
agreement. When the vast majority of people 
disagree with what they regard as an unjust, 
illegal, tyrannical, oppressive, life threatening 
system, conditions are ripe for social change. 
Obama was elected on the promise of change, but 
his support of the bailout, his new cabinet, his 
corporate backers demonstrate a continuation of 
the warlike, unconstitutional, torturous policies 
of his predecessor- no accountability and 
promotion of those who should be going to jail for the crimes of the century.
          What has happened in the past seven 
years is that people are beginning to see through 
the lies, are beginning to realize that the 
corporate media is not reliable. Those who care 
about our lives, our families, our community, our 
country, our world realize that we must become 
the media, educate one another and ourselves. 
Fortunately, a technological renaissance is 
taking place and people are beginning to awaken to their own power.
          Yes, we should abolish the Fed, but I 
am wary of any legislation which saddles the 
taxpayers with the liabilities of the current 
regime which are beyond humanity’s capacity to 
pay back with interest
 I received an email from 
Daniel F, who wrote and posted a great article 
entitled 
<http://openingmind.blogspot.com/2008/11/taking-down-fed-with-rico-federal.html>“Taking 
Down The FED With RICO”
          “The Federal Reserve Bank has been 
rightly condemned for transferring wealth from 
those who work to those who quite literally have 
a license to print our money. The FED has been 
blamed for the Great Depression of 1929-1939 and 
for our current economic crisis. But those 
actions though despicable are not actionable 
under the Racketeer Influenced and Corrupt 
Organizations Act (RICO) which was part of the 
Organized Crime Control Act of 1970.
          “RICO allows American citizens to sue 
any person or persons who are members of corrupt 
organizations that have committed one or more of 
27 federal crimes or 8 state crimes. It allows 
citizens to collect triple damages. The standard 
of proof is easier than in a criminal case where 
the prosecutor must prove beyond a reasonable 
doubt that a specific crime was committed by a 
defendant. In a RICO lawsuit against the Federal 
Reserve all we are required to do is to show a 
pattern of corrupt behavior. And that we can 
easily do.” [Full text posted at- http://www.openingmind.blogspot.com/]
          I’m not a lawyer, but I don’t think the 
taxpayers should pay for a fiasco wrought by 
those who orchestrated the current crisis, those 
who are in the process of looting us and letting 
current and future generations struggle under the 
weight of an astronomically enormous debt. Those 
billionaires, bankers, financiers owe us. A 
lawsuit whether it succeeds or not, could help 
educate the public, particularly if 150,000,000 
people sign on as part of a class-action suit.
          The major obstacle that I see is, 
unfortunately, they own the press, the 
politicians, the judiciary, and we are unlikely 
to find a courageous lawyer or an honest judge. 
Perhaps 
<http://www.ratical.org/ratville/JFK/WFP020403.html>William 
Pepper will help us. He is the lawyer who proved 
in court that Martin Luther King Jr. was killed, 
not by James Earl Ray, but in a conspiracy that 
involved J. Edgar Hoover and the FBI, Richard 
Helms and the CIA, the military, the local 
Memphis police, and organized crime figures from 
New Orleans and Memphis. The media failed to 
cover the story. Pepper has gone on to tackle the 
very challenging task of trying to create the 
conditions for a real investigation of 9/11. He 
spoke to the 9/11 Truth Movement and noted that 
the big elephants in the room were military 
intelligence, the CIA/or the media (since the CIA 
does have great control over what appears in the 
media), which are huge problems, but ultimately, 
we have truth and humanity on our side.
          The theme of the 
<http://www.forumsocialmundial.org.br/>World 
Social Forum, the global justice movement has 
been “Another World is Possible.” If we don’t 
want corporate globalization, unending wars, 
corrupt governments, an ever expanding police 
state/surveillance society, it really is up to us 
to redirect our time, energy, resources into 
creating a more viable option, path, possibility. 
We can create local currencies, honest 
currencies, transparent, community building 
currencies. Our job is basically to raise 
consciousness, withdraw our participation and 
support from a system which is criminal and 
oppressive, and do all we can to create 
alternatives to meet the genuine needs of our 
families, communities, country, and the world

Carol brouillet


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