Sunday Oct 09, 201109:28 AM GMT
'US money power in private hands'
Sun Oct 9, 2011 9:30AM
Interview with Stephen Lendman, political author and broadcaster, Chicago.
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A number of wealthy individuals and organizations are said to be financing some protest groups with the goal of infiltrating and containing the movement.


Press TV talks with Stephen Lendman, political author and broadcaster from Chicago about the tactics being employed by the wealthy elite in America in order to try to steer and limit the national uprising. The core of the discussion centers on a breach of the US Declaration of Independence whereby the government i.e. the people are to have control over the money, not private banking families. Following is a transcript of the interview.

Press TV: The occupy Wall Street is now a month old; 847 cities across America witnessing protests - Did you think these protests would intensify to the point that it has and will it continue to gain momentum?

Stephen Lendman: I had no idea it would grow to this extent so fast - remarkable. There's a key point the protests are missing. Can I just preface that with a couple of quick comments: Thomas Jefferson, America's third president, in the Declaration of Independence said, “When governments don't serve the people they need to be replaced by governments that do.” He railed against bankers - he said, “Bankers are more destructive than standing armies.”

Andrew Jackson refused to renew the charter of the bank of the US that was the equivalent of the Federal Reserve in his day - He called it a hydra-headed monster; he wanted a dagger plunged into its heart; he wanted it killed. Sadly, James Madison renewed it years later.

The key theme I wrote in my book entitled 'How Wall Street fleeces America' is the power of money in private hands to make more of it at our expense. If that issue isn't addressed nothing else will be resolved. Everything will be cosmetic every change: corporate greed; poverty will stay the same - it will grow; jobs will be lost; and homes will be foreclosed.

The only way to get social justice to solve the issue is to cut the cancer out of society.

Press TV: But these things you mention have happened already. And tell us about your book How Wall Street fleeces America and how it relates to this issue?

Stephen Lendman: This is the core idea in the book - the people need to get money power back. In the history of America there was one time in colonial America when people controlled the money of the nation. There is one state in America, North Dakota that has a public state-owned bank. North Dakota is the only state that prospered in the worst years of the economic downturn. They not only prospered, North Dakota had the biggest surplus in its history.

Every state could prosper like North Dakota; America could prosper like North Dakota if the government obeyed Article 1 Section 8 of the Constitution that says, “Only the Congress has the right to coin money”. Only the Congress has the right to control money - that means the people; that means the public.

It doesn't mean Goldman Sachs; JP Morgan Chase or Bank of America; it means the people. The law needs to be enforced. People need to get money power back. If they get it back they'll get everything else they want.

Press TV: When we look at how it's picked up with its momentum spreading to 847 cities last count. Some of these people don't have an interest in the political parties because they say they have failed them. They don't have a leader as of yet, but if that was to become a reality, do you think the protests would accelerate to where Republican and Democrat official will have to listen to what is going on?

Stephen Lendman: I agree. It's unlike the 1960s. I haven't seen anything like this in 40 years since the civil rights and end to the Vietnam War protests in the 1960s an early 1970s. Don't forget we had Dr. Martin Luther King back then. There is nobody around today like Martin Luther King. Another of the big problems these groups face is that there is no strong leader to grasp the national imagination and mobilize millions of people to want to get involved with for their own good.

There's another major issue as well, the Democrats; the big labor unions; big money people like George Soros are funding some of the organizations backing this - they want to co-opt them; they want to circumscribe them; they want to keep them within certain bounds, let them go so far, but no farther. The one thing they don't want them to touch as I said earlier is money power in America. They don't want them going anywhere near that. Obama doesn't want them going anywhere near that.

Forget the political rhetoric; forget the labor unions; forget official people in America coming out saying kind supportive words - The protesters are on their own. They are either going to do it on their own or they're not going to get it down. They'll never get it done if they don't understand what they want to do - what they have to do. If they don't have strong leadership - they need to have it city by city with strong national leadership.

They need to know that change never comes from the top down it's always from the bottom up. It's the only way it ever happens anywhere. It can be done - it's very impressive, but they've just scratched the surface - they have a long way to go. Will they succeed? The odds are greatly against them. They need commitment; to stay the course no matter what.

There's another protest in Washington adjoining them: Stop the machine occupy Washington - It's about corporate greed; it's about ending imperial wars; it's about environmental sanity... they have come and they're not going to leave until their demands are met.

SC/MGH
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