Letter: Divide and Conquer

I am writing in response to John McCollum's letter in the Dec. 8, 2011 issue of Metro Pulse ["Occupy Movement Not Just Angry"]. Mr. McCollum takes Frank Cagle to task for looking more favorably on the Tea Party movement than the Occupy Wall Street protests.

The fact that "it probably angers both sides to suggest any commonality" between the movements is unfortunate, and illustrates the ongoing success of the divide-and-conquer strategy of the ruling-class duopoly. Whenever a movement has arisen in America to challenge the status quo, one or sometimes both parties have quickly reacted to co-opt and tame such a challenge. This has clearly happened with the Tea Party, with individuals such as Dick Armey and Glenn Beck claiming to speak for it. And Barack Obama and Nancy Pelosi have had kind words to say about Occupy Wall Street.

The Tea Party protests began in 2008 in the wake of the massive infusions of fiat money into the coffers of the giant Wall Street banks by the Federal Reserve and the U.S. Treasury, despite calls from citizens to Congress running 99-1 against the bailouts.

Thanks to the efforts of Ron Paul, Alan Grayson, and Dennis Kucinich in the House of Representatives, and Senators Jim DeMint and Bernie Sanders, the first audit in the history of the Federal Reserve took place.

What was revealed in the audit was startling, if not incomprehensible—$16 trillion had been secretly given out to U.S. banks and corporations, and foreign banks in France, the U.K., Germany, and Switzerland. Citigroup alone received $2.5 trillion. The Federal Reserve refers to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned, and it was loaned out at 0 percent interest.

Mussolini once stated that "fascism should more properly be called corporatism, because it is the merger of state and corporate power." We live under an incredibly corrupt oligarchy that is plundering the people and destroying the dollar by design.

In 1913, through the Federal Reserve Act, Congress abdicated its constitutional responsibility "to coin money and regulate the value thereof" as provided for in Article 1 Section 8 of the U.S. Constitution. The dollar is now worth approximately 4 cents of its value in 1913, when the Fed came into being. What will the $16 trillion created out of thin air do to the remaining value of our currency? We are about to find out.

Quit falling for the divide-and-conquer strategy. The ruling class gives you the illusion of ideological battle, but a tiny corporate/bankster oligarchy controls both parties.

Douglas Freeman