Revealing videos of Left Terrorism Playbook on trying to collapse stock market.
Posted March 23, 2011on:
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Listen carefully to these videos. Put this together with the thugs in Wisconsin and now in Indiana. It is a discussion of how to bring down the United States with their own words. These people have direct contact with the White House.
Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America
Stephen Lerner, formerly of SEIU.
A former official of one of the country’s most-powerful unions, SEIU, has a secret plan to “destabilize” the country. The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street’s grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.
The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last weekend.
The Blaze procured what appears to be a tape of Lerner’s remarks. Many Americans will undoubtely sympathize with and support them. Still, the “destabilization” plan is startling in its specificity, especially coming so close on the heels of the financial crisis.
Lerner said that unions and community organizations are, for all intents and purposes, dead. The only way to achieve their goals, therefore–the redistribution of wealth and the return of “$17 trillion” stolen from the middle class by Wall Street–is to “destabilize the country.”
Lerner’s plan is to organize a mass, coordinated “strike” on mortgage, student loan, and local government debt payments–thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans. This destabilization and turmoil, Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power. (We have to ask ourselves to whom does this so-called power revert . BB)
Lerner’s plan starts by attacking JP Morgan Chase in early May, with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.
Lerner also says explicitly that, although the attack will benefit labor unions, it cannot be seen as being organized by them. It must therefore be run by community organizations.
Lerner was ousted from SEIU last November, reportedly for spending millions of the union’s dollars trying to pursue a plan like the one he details here. It is not clear what, if any, power and influence he currently wields. His main message–that Wall Street won the financial crisis, that inequality in this country is hitting record levels, and that there appears to be no other way to stop the trend–will almost certainly resonate. (Granted a lot of people are hurting but it was not Wall Street that started the problem they merely took advantage of it and did what Washington in the form of Democrats and Rep. Barney Frank and Senator Chris Dodd was pushing them to do: Give mortgage loans to people who could not afford them!! The same goes for Student Loans!Then after forcing Fannie Mae and Freddie Mac the largest mortgage holders in the country to buy up these bad loans these Congressmen made sure the government took over Fannie and Freddie! thus putting you the tax payer on the hook. Taking down our financial industry will not bring the economy back, it will only insure chaos and more misery for everyone.
The Obama Administration by holding the oil companies down from drilling for oil is causing a great deal of hardship and unemployment in this country. If Obama would allow drilling you would immediately see a decrease in oil prices even tho we will not see oil from new wells for years because the
Arab countries OPEC will do anything to keep the United States under its control. The need is especially urgent now that Japan will have to have even more oil for it’s power now that they will most probably be shutting down as many of their nuclear plants as possible do to public outcry after the earthquake disaster.BB)
FULL TRANSCRIPT FROM THE BLAZESPEAKER: Stephen Lerner. Speaker at the Left Forum 2011 “Towards a Politics of Solidarity” Pace University March 19, 2011
Speaker Bio: Stephen Lerner is the architect of the SEIU’s groundbreaking Justice for Janitors campaign. He led the union’s banking and finance campaign and has partnered with unions and groups in Europe, South American and elsewhere in campaigns to hold financial institutions accountable. As director of the union’s private equity project, he launched a long campaign to expose the over-leveraged feeding frenzy of private equity firms during the boom years that led to the ensuing economic disaster.
It feels to me after a long time of being on defense that something is starting to turn in the world and we just have to decide if we are on defense or offense
Maybe there is a different way to look at some of theses questions it’s hard for me to think about any part of organizing without thinking what just happened with this economic crisis and what it means
I don’t know how to have a discussion about labor and community if we don’t first say what do we need to do at this time in history what is the strategy that gives us some chance of winning because I spent my life time as a union organizer justice for janitors a lot of things
It seems we are at a moment where the world is going to get much much worse or much much better
Unions are almost dead we cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also and if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge – the big banks and everything – what they want is stability
Every time there is a crisis in the world they say, well, the markets are stable.
What’s changed in America is the economy doing well has nothing to do with the rest of us
They figured out that they don’t need us to be rich they can do very well in a global market without us so what does this have to do with community and labor organizing more.
We need to figure out in a much more through direct action more concrete way how we are really trying to disrupt and create uncertainty for capital for how corporations operate
The thing about a boom and bust economy is it is actually incredibly fragile.
There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement.
For example, 10% of homeowners are underwater right their home they are paying more for it then its worth 10% of those people are in strategic default, meaning they are refusing to pay but they are staying in their home that’s totally spontaneous they figured out it takes a year to kick me out of my home because foreclosure is backed up
If you could double that number you would you could put banks at the edge of insolvency again.
Students have a trillion dollar debt
We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree it would literally cause a new finical crisis for the banks not for us we would be doing quite well we wouldn’t be paying anything.
Government is being strangled by debt
The four things we could do that could really upset wall street
One is if city and state and other government entities demanded to renegotiate their debt
and you might say why would the banks ever do it – because city and counties could say we won’t do business with you in the future if you won’t renegotiate the debt now
So we could leverage the power we have of government and say two things we won’t do business with you JP Morgan Chase anymore unless you do two things: you reduce the price of our interest and second you rewrite the mortgages for everybody in the communities
We could make them do that
The second thing is there is a whole question in Europe about students’ rates in debt structure. What would happen if students said we are not going to pay. It’s a trillion dollars. Think about republicans screaming about debt a trillion dollars in student debt
There is a third thing we can think about what if public employee unions instead of just being on the defensive put on the collective bargaining table when they negotiate they say we demand as a condition of negotiation that the government renegotiate – it’s crazy that you’re paying too much interest to your buddies the bankers it’s a strike issue – we will strike unless you force the banks to renegotiate/
Then if you add on top of that if we really thought about moving the kind of disruption in Madison but moving that to Wall Street and moving that to other cities around the country
We basically said you stole seventeen trillion dollars – you’ve improvised us and we are going to make it impossible for you to operate
Labor can’t lead this right now so if labor can’t lead but we are a critical part of it we do have money we have millions of members who are furious
But I don’t think this kind of movement can happen unless community groups and other activists take the lead.
If we really believe that we are in a transformative stage of what’s happening in capitalism
Then we need to confront this in a serious way and develop really ability to put a boot in the wheel then we have to think not about labor and community alliances we have to think about how together we are building something that really has the capacity to disrupt how the system operates
We need to think about a whole new way of thinking about this not as a partnership but building something new.
We have to think much more creatively. The key thing… What does the other side fear the most – they fear disruption. They fear uncertainty. Every article about Europe says in they rioted in Greece the markets went down
The folks that control this country care about one thing how the stock market goes what the bond market does how the bonuses goes. We have a very simple strategy:
- How do we bring down the stock market
- How do we bring down their bonuses
- How do we interfere with there ability to be rich
And that means we have to politically isolate them, economically isolate them and disrupt them
It’s not all theory i’ll do a pitch.
So a bunch of us around the country think who would be a really good company to hate we decided that would be JP Morgan Chase and so we are going to roll out over the next couple of months what would hopefully be an exciting campaign about JP Morgan Chase that is really about challenge the power of Wall Street.
And so what we are looking at is the first week in May can we get enough people together starting now to really have an week of action in New York I don’t want to give any details because I don’t know if there are any police agents in the room.
The goal would be that we will roll out of New York the first week of May. We will connect three ideas
- that we are not broke there is plenty of money
- they have the money – we need to get it back
- and that they are using Bloomberg and other people in government as the vehicle to try and destroy us
And so we need to take on those folks at the same time
and that we will start here we are going to look at a week of civil disobedience – direct action all over the city
then roll into the JP Morgan shareholder meeting which they moved out of New York because I guess they were afraid because of Columbus.
There is going to be a ten state mobilization it try and shut down that meeting and then looking at bank shareholder meetings around the country and try and create some moments like Madison except where we are on offense instead of defense
Where we have brave and heroic battles challenging the power of the giant corporations. We hope to inspire a much bigger movement about redistributing wealth and power in the country and that labor can’t do itself that community groups can’t do themselves but maybe we can work something new and different that can be brave enough and daring and nimble enough to do that kind of thing.
W: We’re going to hear from Steve Lerner next, of SEIU, the Architect of the Justice for Janitors campaign. Currently, he’s working on partnering with unions and groups in Europe and South America, it’s building campaigns to hold financial institutions accountable.
S. Lerner: It seems to me that we’re in a moment where we need to figure out in a much more, through direct action, much more concrete way how we really are trying to disrupt and create uncertainty for capital, for how corporations operate. And it may sound like that’s a crazy thing that in a moment of weakness we could deal with it, but the thing about a boom and bust economy, it is actually incredibly fragile, because it’s not based on real way, well, it’s based on gambling and all of that. And so there are actually extraordinary things that we could do right now that would start to de, destabilize the folks that are in power and start to rebuild a movement. And for example, 10% of homeowners, going back to where you started, who are under, a quarter of all people who own a home are under water. Right? Their home is under water, they’re paying more for it than it’s worth. Ten percent of those people are now in strategic default, meaning they’re refusing to pay but they’re staying in their homes. That’s totally spontaneous. Right? They figured out it takes a year to kick me out of my home because the mort, the foreclosure’s backed up. I’m going to say I won’t pay. It’s just what business does, it’s a good, a good business decision. If you could double that number, you would make banks, put banks on the edge of insolvency again.
And so the question would be, what would happen if we organized homeowners in mass to do a mortgage strike. Just say if we get, and, and, if we get half a million people to agree, we’ll all not, we’ll agree we won’t pay our mortgages, it would literally cause a new financial crisis.
There are four things we can do that could really upset Wall Street. One is if city and state and other government entities demanded to renegotiate their debt because they’re paying too much interest. And you might say, well why would the banks ever do it? Because they, the cities and counties could say we won’t do this and this in the future with you if you don’t renegotiate the debt now. Meaning, about a third of bank profits generate from dealing with cities and states. So we could leverage the power we have of government to say we won’t do business with you, JP Morgan Chase, anymore unless you do two things: you reduce the price of our interest, since your interest rate is down; and second, you rewrite the mortgages for everybody in the community so they can stay in their homes. We, we could make them do that.
The second thing is there’s a whole question in New York now about austerity and student’s rates and the question of the debt structure. What would happen if students said we’re not going to pay? It’s a trillion dollars. Think about your …sweeping that debt, a trillion dollars from students debt?
There’s a third thing that we could think about, what about if public employee unions, instead of them being on the defensive, put on the collective bargaining table when they negotiate they said we demand as a condition of negotiation that the government renegotiate, we want, we believe in good financial management. It’s crazy that you’re paying too much interest to your buddy the bankers. It’s a strike issue for us. We will strike unless you force the banks to relieve the debt of the city. I’m not going to go through all the detail except to say there’s extraordinary things we could do and if you add on top of that, if we really thought about moving to the kind of disruption in Madison, but moving that to Wall Street and moving that to other cities around the country where we basically said you stole $17 trillion, you’ve impoverished us and we’re going to make it impossible for, for you to operate.
Labor can’t lead it, but we can be a critical part of it. We do have money, we have millions of members who are furious, but I don’t think this kind of movement can happen unless actually the community groups and other activists take the lead. And that’s a big reversal of how a lot of these coalitions have even thought about it, so unions helping community groups, or communities who cover this narrowly. And if you’re se, if we really believe that we’re in a transformative stage and what’s happening in capitalism, and we need to confront this in a serious way and develop a real ability to put a boot in the wheel, then I think we have to think not about labor community alliances. We have to think about how together we’re building something that really has the capacity to disrupt how the system operates.
And so I just, I guess raise that we need a whole new way of thinking about things, which is not a partnership, but building something new. Because the bottom line is, as soon as the union gets sued, it’s going to be terrifying. When we get an injunction that says, you know, you, un, the union backs down. So we need to build a movement based on we know the oppression we’re going to face. And I think the only way we can do that is to think much more creatively, and the key thing I …is we have to say what does the other side fear most? They fear disruption, they fear uncertainty. Every article about Europe says a riot in Greece, the markets went down. The folks that control this country care about one thing: how the stock market does; how the bond market does; and what their bonus is. So I think we weed out a very simple strategy: how do we bring down the stock market, how do we bring down their bonuses, how do we interfere with their ability to, to be rich. And if we don’t do, and that means you have to politically isolate them, economically isolate them and disrupt them. So, it’s not all theory, I’ll do a pitch.
So, a bunch of us around the country are thinking about who would be a really good company to hate? We decided that would be JP Morgan Chase. …. And so we’re going to roll out over the next couple of months what will hopefully be an exciting campaign about JP Morgan Chase that is really about challenge the power of Wall Street. And so what we’re looking at is in the first week of May, we get enough people together – we’re starting now – to really have a week of action in New York with the goal of … I don’t want to go into any details because I don’t know which police agents are in the room, but the goal would be that we would roll out in New York the first week in May—
M: (Can’t hear speaker)
S. Lerner: Yes. …connect three ideas – that we’re not broke, there’s plenty of money; they have the money, we need to get it back; and that they’re using Bloomberg and other people in government as the vehicle to try to destroy us. And so that we need to take on those folks at the same time and that will start here. We’re going to look at a week of civil disobedience, direct action all over the city, then we’ll roll into the JP Morgan shareholder meeting, which they moved out of New York because they were afraid, I guess, of Columbus, where there’s going to be a ten state mobilization to try to shut down that meeting. And then looking at bank shareholder meetings around the country and try to create some moments like Madison, except where we’re on offense instead of defense. Where we have brave and heroic battles challenging the power of the giant corporations, and we hope to sort of inspire a much bigger movement about redistributing wealth and power in the country.
W: You were talking about why unions are so invested because of their pension plans and why ungovernability, as Frances Fox Piven and Cloward taught us, you know, poor peoples’ movements are successful when they create conditions of ungovernability. And then you win victories.
Transcription: TTE Transcripts Worldwide, Ltd.
Government Blaze Exclusive: Congressman Presses Holder to Investigate ‘Terrorist Plans’ in Bank Plot
The Blaze has obtained an exclusive letter sent from Rep. Jason Chaffetz (R-UT) to Attorney General Eric Holder regarding shocking video uncovered by The Blaze on Tuesday.
In the letter, Chaffetz references video, posted yesterday on this site, showing a one-time SEIU official, Stephen Lerner, outlining a plan to collapse the American economy — including crashing the stock market — so that unions can become more powerful. The sinister plan is set to take place in May and includes mass homeowner mortgage strikes.
Chaffetz tells Holder “the escalation of Mr. Lerner’s threats would clearly constitute domestic terrorism and pose substantial harm to the American people and the economy.“ He goes on to request Holder investigate ”Mr. Lerner’s terrorist plans and notify me how the Department of Justice plans to respond to these threats.”
The letter, sent Wednesday, was also distributed to Rep. Darrell Issa (R-CA), chairman of the House committee on Oversight & Government Reform, and Rep. Elijah Cummings (D-MD), the ranking minority member.
You can read the letter below:
March 23, 2011
The Honorable Eric H. Holder, Jr.
U.S. Department of Justice
950 Pennsylvania Ave., NW
Washington, DC 20530-0001
Dear Attorney General Holder:
Recent media reports suggest that the former director of the Service Employees International Union’s (“SEIU”) banking and finance campaign has threatened to seriously endanger the welfare of the United States. In a forum at Pace University earlier this month, Stephen Lerner, the former SEIU official, revealed a “secret plan” to “cause a new financial crisis . . . destroy J.P. Morgan . . . and weaken Wall Street’s grip on power” by using “civil disobedience” to create “the conditions necessary for a redistribution of wealth and a change in government.”
The Federal Bureau of Investigation (“FBI”) defines terrorism as “the unlawful use of force or violence against persons or property to intimidate or coerce a government, the civilian population, or any segment thereof, in furtherance of political or social objectives.” The escalation of Mr. Lerner’s threats would clearly constitute domestic terrorism and pose substantial harm to the American people and the economy. I am therefore requesting that you investigate Mr. Lerner’s terrorist plans and notify me how the Department of Justice plans to respond to these threats.
The Committee on Oversight and Government Reform is the principal oversight committee of the House of Representatives and may at “any time” investigate “any matter” as set forth in House Rule X. An attachment to this letter provides additional information about responding to the Committee’s request.
If you have any questions regarding this request, please do not hesitate to contact [redacted]. Thank you for your attention to this matter.
cc: The Honorable Darrell Issa, Chairman
cc: The Honorable Elijah E. Cummings, Ranking Minority Member
 Henry Blodget, Caught on Tape: Former SEIU Official Reveals Secret Plan to Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth in America, Bus. Insider, (Mar. 22, 2011), available at http://www.businessinsider.com/seiu-union-plan-to-destroy-jpmorgan (last visited Mar. 22, 2011). Office of Justice Programs, U.S. Department of Justice, National Institute of Justice, (Oct. 26, 2007), available at http://www.ojp.usdoj.gov/nij/topics/crime/terrorism/ (last visited Mar. 22, 2011).
Looming Soros Conference Will Focus on Rearranging Global ‘Financial Order’
- Posted on March 23, 2011 at 8:47pm by Meredith Jessup
On April 8, dozens of “academic, business and government policy thought leaders” are scheduled to gather for a forum reminiscent of the 1944 Bretton Woods gathering that helped launch the World Bank and International Monetary Fund f10:15Added to queue An Introduction to INETby INETeconomics2,748 views ollowing World War II.
The George Soros-founded Institute for New Economic Thinking will hold its annual conference April 8-11, 2011 at the Mount Washington Hotel in Bretton Woods, N.H. According to the group’s website, the event will bring together economic figures such as Soros, former British Prime Minister Gordon Brown and former Fed Chairman Paul Volcker to discuss a new, globalized vision of economics in the post-war world.
“This conference reflects INET’s dedication to inspiring and provoking new economic thinking,” the website says.
“Crisis and trauma offer us a rare opportunity to work together to create real lasting change. This is one of those times,” INET says. Promoting “real” justice and equity requires “reinventing” the prevailing economic model — capitalism:
The organization’s social media advertises a very progressive view of economics:
The Institute recognizes problems and inadequacies within our current economic system and the modes of thought used to comprehend recent and past catastrophic developments in the world economy. The Institute embraces the professional responsibility to think beyond these inadequate methods and models and will support the emergence of new paradigms in the understanding of economic processes.
The Institute firmly believes in empowering the next generation, providing the proper guidance as we challenge outdated approaches with innovative and ethical economic strategy. The Institute’s objective is to expand the conversation to create an open discussion for a wider range of people. Some would say that present day dialogue is closed and polarizing. We recognize the need for an environment that is nourished and supported by discourse, a discussion that spans a much wider spectrum of thinking and incorporates the insights of other intellectual disciplines in both the natural and social sciences.
“In the years since the 1944 conference, the globalization of production, trade, and especially finance, has transformed our economy, but has not yet transformed our system of regulation or our tools of policy intervention,” the group’s website says. “Indeed, our very habits of thought and speech lag behind the realities that we desperately need to think and speak about.”
More than two-thirds of the scheduled event speakers have direct ties to Soros, notes Media Research Center’s Dan Gainor.
While INET claims more than 200 will attend, only 79 speakers are listed on its site – and it already looks like a Soros convention. Twenty-two are on Soros-funded INET’s board and three more are INET grantees. Nineteen are listed as contributors for another Soros operation – Project Syndicate, which calls itself “the world’s pre-eminent source of original op-ed commentaries“ reaching ”456 leading newspapers in 150 countries.” It‘s financed by Soros’s Open Society Institute.
“We need a global sheriff,” Soros has explained in the past, and the upcoming conference, “Crisis and Renewal: International Political Economy at the Crossroads” may provide a forum for discussion of a new global financial order.
In the 2000 version of his book “Open Society: Reforming Global Capitalism,“ Soros wrote how the Bretton Woods institutions ”failed spectacularly” during the economic crisis of the late 1990s. When he called for a new Bretton Woods in 2009, he wanted it to “reconstitute the International Monetary Fund,” and while he’s at it, restructure the United Nations, too, boosting China and other countries at our expense.
“Reorganizing the world order will need to extend beyond the financial system and involve the United Nations, especially membership of the Security Council,’ he wrote. ‘That process needs to be initiated by the US, but China and other developing countries ought to participate as equals.”
Soros emphasized that point, that this needs to be a global solution, making America one among many. “The rising powers must be present at the creation of this new system in order to ensure that they will be active supporters.”
And that’s exactly the kind of event INET is delivering, with the event website emphasizing “today’s reconstruction must engage the larger European Union, as well as the emerging economies of Eastern Europe, Latin America, and Asia.” China figures prominently, including a senior economist for the World Bank in Beijing, the director of the Chinese Academy of Social Sciences, the chief adviser for the China Banking Regulatory Commission and the Director of the Center on U.S.-China Relations.
This all may be easy to do with the power, influence and reach of George Soros who funds more than 1,200 different organizations around the globe, Gainor adds.
So how might the United States fit into this idea of a new international cooperative between the developed and developing world?
It doesn’t, Gainor concludes. The INET conference is about “changing the global economy and the United States to make them ‘acceptable’ to George Soros.”Sponsored Link: I don’t want to scare you… But right now, the U.S. government is doing something incredibly stupid, which could potentially cause a huge crisis in America, in the next few months. Watch the full investigative video here…