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The Financial Oligarchy Reigns: Democracy’s Death Spiral From Greece to the United States


The Financial Oligarchy Reigns: Democracy’s Death Spiral From Greece to the United States
By David DeGraw | Amped Status

As the Economic Elite continue their plunder, the people in Greece riot and the big banks score yet another big blow against the people of the United States.

Democracy throughout the world is under attack. Many people can make the argument that our democracy here in America is only an illusion, but even the illusion of democracy is crashing down. Tragedies are currently playing out across the world on an epic scale. Unprecedented economic and environmental catastrophes have become the norm. Billions of people, the overwhelming majority of humanity, have been sentenced to a slow death due to a concentration of wealth and resources within the humanity’s economic top 0.5%. Ultimately, short-sighted greed has proven to be humanity’s most severe disease.

I: Democracy Vs. Oligarchy: Lessons from History

The experiment known as democracy is devolving into fascism before our eyes, the “iron law of oligarchy” is once again asserting itself. From the Founding Fathers on, we have known that you cannot have a concentration of vast wealth and Democracy at the same time, and we currently have the greatest concentration of wealth in the history of the United States. As former Supreme Court Justice Louis Brandeis once said, “We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both.”

The power struggle between democracy and the concentration of power represented within private banking interests has been a war raging throughout American history. Our Founders and early Presidents were very explicit in their opposition and our need to vigilantly guard against any private interests who sought control over our economy. In fact, our current crisis and power structure was summed up with stunning accuracy by the Founding Fathers themselves. As James Madison called it, “the daring depravity of the times.” As he described, “The stock-jobbers will become the praetorian band of the government, at once its tools and its tyrants; bribed by its largesse, and overawing it by clamors and combinations. Substituting the motive of private interest in place of public duty, leading to a real domination of the few under an apparent domination of the many.”

Leave it to Madison, the Father of the Constitution, to give us one of the most prescient quotes on modern day America you can find. For those of you who have never heard the term “stock-jobbers,” here’s the definition from a dictionary written in 1811:

“Stock Jobbers

Persons who gamble in Exchange Alley, by pretending to buy and sell the public funds, but in reality only betting that they will be at a certain price, at a particular time; possessing neither the stock pretended to be sold, nor money sufficient to make good the payments for which they contract: these gentlemen are known under the different appellations of bulls, bears, and lame ducks.”

Yes, even the Founders, long before High Frequency Trading algorithms and derivatives, had a clear understanding and great fear of the casino rigging tyrants in “Exchange Alley.” Madison also famously said: “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” Read more.

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2016

 

March 24, Boone, NC.

 

March 25, Asheville, NC
Battery Park Apartments, 1 Battle Square, rooftop room, noon - 2 p.m.
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War Is A Lie: Second Edition
Published April 5, 2016
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April 11, Washington, DC, 6:30-8:00 p.m. at Busboys and Poets at 5th and K Streets.
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April 12, Baltimore, MD, 7:30 p.m. at Red Emma's.
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April 14, Bellingham, WA, 7:00-9:00 p.m. at Bellingham Unitarian Fellowship.
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April 15, Seattle, WA
Town Hall Seattle
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April 16 Portland, OR

 

April 24, Oneonta, NY at Unitarian Universalist Society of Oneonta.
5:30 discussion with students.
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May 28, San Francisco, CA
11 a.m. to 1 p.m., David Swanson interviewed by Daniel Ellsberg, at San Francisco Main Public Library, 100 Larkin Street.
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May 28, Marin County, CA
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May 29, Berkeley, CA
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May 30, Fresno, CA
2 to 4 p.m., David Swanson and Cindy Sheehan at a Peace Fresno event

 


June 11 St. Paul, MN, 6 p.m. at Macalester Plymouth Church Social Hall 1658 Lincoln, St. Paul, MN.
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June 12 Minneapolis, MN, 9 and 11 a.m. at St. Joan's 4533 3rd Ave So, Minneapolis, MN, plus peace pole dedication at 2 p.m.
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