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Date: 2024-04-28 Page is: DBtxt001.php txt00001303

Social Activism
Occupy Wall Street ... New York

Hartmann: Whatever Occupy Wall Street Costs - It's Worth It!

COMMENTARY
My guess is that one of the lasting changes there will be as a result of Occupy Wall Street is a move to 'buy local' even if it costs a little bit more than the imported product.

Whether or not this also energizes a movement to put local barter exchanges in place is less clear at this point. Many initiatives to created exchange systems that did not make use of fiat currency money have come and gone over the past thirty years ... but the conditions may be emerging where such initiatives would now be relevant.

The behavior of the money banking and financial services sector, and the support they have been provided by the Federal Researve in the USA and other Central Banks like the Bank of England suggest that the moral foundation for their monopoly of money should end, and end now. The scale of the assistance they have been provided is not easy to understand, but a report by the GAO suggests that it might be in the range of $11 trillion to $16 trillion. This is not chump change, and almost all of this took place in the last four months of 2008, before President Obama took office.
Link to the report to come
Peter Burgess

Hartmann: Whatever Occupy Wall Street Costs - It's Worth It!

Uploaded by TheBigPictureRT on Nov 15, 2011

Rubert Murdoch's 'New York Post' accuses Occupy Wall Street of hurting local businesses. But what hurts local businesses even more? What's a reasonable price to pay to ensure that the bankster 1% doesn't destroy our economy again? In my Daily Take - I'll tell you why whatever Occupy Wall Street costs - it's well worth it


Uploaded by TheBigPictureRT
on Nov 15, 2011
The text being discussed is available at http://youtu.be/3_I58I5lj9g
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