As you can see the SOURCE of our problems are the Federal Reserve Bank, their Primary Dealer cohorts and corrupt politicians.
NOTHING that is WRONG has changed at all as these independent groups seek desperately to maintain an obsolete, generally hated, status quo.
A status quo in which the answer to all economic problems is always print more easy money, continue the PONZI scheme of exponential credit expansion, increase the debt and tax load on consumers / students which ALREADY can never be paid back.
Dependence on predatory lending and usury as an economic foundation..
It must end!
OccupyTheFED! The FED is the head of the snake.
Newt Gingrich spoke at an education forum in midtown Manhattan this evening hosted by the College Board, and naturally the conversation-turned to Occupy Wall Street, the now weeks long demonstrations in Lower Manhattan.
The former House Speaker had a suggestion for where the protests should go next:
“If the Occupy Wall Street people really wanted to help children, they would have an Occupy Teacher’s Union Headquarters Movement, because that is a major cause of income inequality in America,” he told moderators Joel Klein, the former chancellor of the New York City school system and Paul Gigot of The Wall Street Journal.
The event was sponsored by the College Board and News Corporation.
Mr. Gingrich also suggested that if the protesters really want to see how “The 1 Percent” live, they should head to Harvard and Yale, which still charge students despite possessing enormous endowments.
“Somebody who has $36 billion in their endowment has to have an amazing level of chutzpah to then charge people to come as undergraduates. They just have to take a tiny share of the interest on their endowment to give away the undergraduate education for free. If the Occupy Wall Street people want to see what the upper 1% looks like, go look at a place that has $36 billion and still charges thousands of dollars to undergraduates,” he said.
Mr. Gingrich added that he understood the demonstrators.
“I am very sympathetic at their anger,” he said. “I share their frustration at a system in which the government has colluded with the big boys to take care of each other. I focus more on Ben Bernake at the Federal Reserve and with Geithner at Treasury and with Dodd and Frank in Congress, but I sympathize with their anger.”
In a press conference after his talk with Mr. Klein and Mr. Gigot, the former House Speaker made it clear however that he believed the protesters were ultimately misguided.
“I think their solutions are mostly absurd. There is no place on the planet where a government-dominated Socialist model has worked. And it takes an enormous avoidance of reality to suggest that that could possibly work,” he said.
Forbes: Occupy Wall Street should target the Fed / Perry
Occupy Wall Streets sets itself up in opposition to the "one percent" of Americans who have enjoyed a massive share of the nation's gains lately. And few embody that one percent as well as Steve Forbes. So we asked the scion of the Forbes magazine dynasty and former Republican presidential candidate what he thought about the movement.
His response: Wall Street is the wrong target.
"They should be demonstrating against the federal reserve and the halls of power in Washington," Forbes said. "We wouldn't have had the financial crisis if not for the Fed printing too much money. And we wouldn't have had the housing bubble as bad as it was if not for Fannie and Freddie."
In fact, some of the protesters have indeed criticized the Federal Reserve, though their complaint has been that the Fed helped bail out Wall Street banks, not that it printed too much money.
Forbes has backed the presidential campaign of Texas governor Rick Perry, and helped him devise his recently released tax plan, which would allow Americans to choose between a flat 20 percent rate and their current rate.
Perry said over the summer that it would be "almost treasonous" for the Fed to print more money between now and the election.
Ron Paul on the problems that ail us..