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Home Columns Occupy Wall Street must liberate America
  • Columns

Occupy Wall Street must liberate America

By
Greg Felton
-
December 1, 2011
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    If the U.S. were a genuine republic, Congress would pass laws to protect the public, not exploit it, and the police would uphold the law and keep the peace, not break the law and foment unrest. Based on this rather obvious depiction of recent events, we may safely conclude that the U.S. is not a republic in any democratic sense of the word.

    As I show in my book The Host and the Parasite, the U.S. has degenerated into a police state run by a cabal that worships corporate greed and owes a prior allegiance to a foreign state–Israel. As Pat Buchanan famously observed in 1990: “Capitol Hill is Israeli occupied territory.”

    This Israeli occupation, though, is the real story behind the “Occupy [insert city] Movement,” not the burgeoning, populist protest. Yet somehow the absurdity of a politically and economically disenfranchised American public occupying an already occupied country has escaped the media’s notice.

    Leaving aside the pro-Israel bias built into the mainstream media, the name “Occupy Wall Street” is part of the problem. It focuses attention on the occupiers of Wall Street not the reason for the occupation. It allows the authorities to misrepresent the protestors as disaffected radicals who are interested only in pushing an anti-establishment agenda against the interests of the nation.

    If looked at properly, the occupy movement is really a liberation movement aimed at rescuing some semblance of American republicanism from the pre-existing Israeli occupation. Imagine if the country’s money supply were controlled by the publicly owned Treasury Department, not a privately owned pro-Israel corporation (The Federal Reserve); if foreign policy were made in the U.S.’s national interest, not Israel’s; and if the rule of law were defended, not subverted. In such a world the “occupy” movement need never have arisen.

    The occupy movement needs to take a cue from Egypt, where the main protest is held in Tahrir [“Liberate”] Square and where the real enemy is openly identified. In short, “Occupy Wall Street” needs to evolve into “Liberate America.” As a word, “occupy” is static and self-referential, and does not speak to anything outside of itself. “Liberate” speaks to a positive outcome beyond the present protest, and, most importantly, calls attention to the need for liberation, and this in turn invites investigation into those who are denying Americans their liberty.

    Admittedly,”Liberate Wall Street” doesn’t have the right ring and sounds incongruously sympathetic to those responsible for the banking fiasco, yet it would be to call attention to the real occupation, because the acceleration of zionist control of the U.S. that came with the election of Ronald Reagan in 1980 neatly coincides with the beginnings of the banking crisis. University of Connecticut law professor Patricia McCoy identifies two pieces of legislation from these early Reagan years that are directly responsible for the current banking/mortgage crisis.

    The first is the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA). It abolished state usury caps that limited the interest rate banks could charge on primary mortgages, and made possible predatory lending to vulnerable, poor Americans whose credit would normally have disqualified them from home ownership loans.

    The second, and more serious, piece of legislation was the Alternative Mortgage Transactions Parity Act of 1982 (AMTPA). It allowed banks to offer more than conventional fixed-rate, amortizing mortgages stipulated by law. With usury laws now rendered impotent, banks now engaged in the kind of irresponsible lending that sent millions of Americans into foreclosure:

    • Adjustable-rate mortgages, where the interest rate float after a number of years;
    • Balloon-payment mortgages, which have an over-sized payment when the loan comes due.
    • Interest-only mortgages, which require only interest payments during the first few years then hit borrowers with crushing monthly payment resets.
    • And the option-ARM, which allows borrowers to underpay by as much as they want during the first few years, but the unpaid monthly interest gets tacked onto the end of the loan, so a $300,000 mortgage can turn into a $350,000 loan in a hurry, thus destroying equity.

    These heretofore illegal lending practices grew even more illegal after 1999 when the 1933 Glass-Steagal Act was repealed. The act formally separated the activities of investment banks (which issued securities) and commercial banks (which accept deposits), and prohibited investment bankers from serving in the boards of commercial banks. The 1999 passage of the Gramm–”Leach–”Bliley Act essentially decriminalized these conflicts of interest, with the result that bloated composite banks with bad mortgage debts would set off a chain of failures throughout the entire banking industry.

    It’s hard to connect corrupt banking practices directly with the zionization of the U.S., but by duping the American lower classes the banks did end up serving Israel by distracting the nation from the invasion of Iraq. In The Wandering Who–”a masterful critique of Jewishness, Zionism and Israel–”musician and philosopher Gilad Atzmon made the connection:

    “The overall U.S. homeownership rate increased from 64 percent in 1994 to a peak in 2004 with an all-time high of 69.2 percent. Real estate had become the leading business in America; more and more speculators invested money in the business. During 2006, 22 percent of homes purchased (1.65 million units) were for investment purposes, with an additional 14 percent (1.07 million units) purchased as vacation homes.

    “These figures led Americans to believe that their economy was indeed booming. And when an economy is booming, nobody is really interested in foreign affairs, certainly not in a million dead Iraqis. But then the grave reality dawned on the many struggling, working class Americans and immigrants, who were failing to pay back money they didn’t have in the first place.”

    For a detailed analysis of Israel’s powers of financial and political extortion over the U.S. see the analysis by the Council for the National Interest in Veterans Today. Most disturbing from a financial point of view is that the Congress pays out all of Israel’s aid [sic] in one lump sum at the beginning of the year into an interest bearing account at the Federal Reserve. That means the U.S. forces its citizens to pay interest on the money it gives to Israel, while Israel makes a profit, and keeps it at the same private corporation that controls the U.S. money supply!

    The American public will do without jobs, health insurance, housing or food, but Congress has ensured that Israel will never want for anything. If Americans are ever to take back their country, they need to take back control of their money and that means exposing and reversing the zionist occupation of Wall Street.

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      Greg Felton
      Greg Felton is an investigative journalist specializing in Middle Eastern, Canadian and "Isramerican" politics as well as media censorship and disinformation. He has won several awards for opinion writing and reporting and is the author of two books: The Host & the Parasite: How Israel’s Fifth Column Consumed America (now in an updated, third post-Obama edition) and Exploding Middle East Myths: 15 Years of Fighting Zionist Propaganda. For the 2011 Vancouver Hearings on the 9/11 attacks, Greg was a co-host and guest speaker on the role Israel played in the attack. He contributed this article to Media Monitors Network (MMN) from Canada.

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