Tell Congress to Extend Unemployment Insurance

October 26th, 2011

Homeless members of a new Tent City in Antioch Tennessee.

Almost two million out-of-work Americans will lose their federal unemployment insurance in January -- and millions more later in 2012 -- if Congress does not renew the benefits before they expire Dec. 31.

A new report by the National Employment Law Project1 shows that if we don't act soon, 40,500 people in TN will lose their unemployment insurance and slip into poverty.

Millions are struggling to find work in an economy wrecked by Wall Street. Will you help by asking Congress to extend unemployment benefits?

Read more »

The Link Between War and Big Finance

April 7th, 2011

Veterans For Peace Endorses the April 15th Rally and Protest in Union Square Park

from Kevin Zeese

Veterans For Peace has joined in endorsing “Sounds of Resistance,” a concert and protest against Wall Street banks that draws the connections between militarism, Wall Street, the wealth divide and the downward spiral of the wealth of most Americans. The event, on April 15 at 11:00 a.m. in New York City’s Union Square Park, is part of a democratic awakening that more and more Americans are joining.

Americans are recognizing the link between the military-industrial complex and the Wall Street oligarchs—a connection that goes back to the beginning of the modern U.S. empire. Banks have always profited from war because the debt created by banks results in ongoing war profit for big finance; and because wars have been used to open countries to U.S. corporate and banking interests. Secretary of State, William Jennings Bryan wrote: “the large banking interests were deeply interested in the world war because of the wide opportunities for large profits.”

Many historians now recognize that a hidden history for U.S. entry into World War I was to protect U.S. investors. U.S. commercial interests had invested heavily in European allies before the war: “By 1915, American neutrality was being criticized as bankers and merchants began to loan money and offer credits to the warring parties, although the Central Powers received far less. Between 1915 and April 1917, the Allies received 85 times the amount loaned to Germany.” The total dollars loaned to all Allied borrowers during this period was $2,581,300,000. The bankers saw that if Germany won, their loans to European allies would not be repaid. The leading U.S. banker of the era, J.P. Morgan and his associates did everything they could to push the United States into the war on the side of England and France. Morgan said: "We agreed that we should do all that was lawfully in our power to help the Allies win the war as soon as possible." President Woodrow Wilson, who campaigned saying he would keep the United States out of war, seems to have entered the war to protect U.S. banks’ investments in Europe.

The most decorated Marine in history, Smedley Butler, described fighting for U.S. banks in many of the wars he fought in. He said: “I spent 33 years and four months in active military service and during that period I spent most of my time as a high-class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.”

In Confessions of an Economic Hit Man, John Perkins describes how World Bank and IMF loans are used to generate profits for U.S. business and saddle countries with huge debts that allow the United States to control them. It is not surprising that former civilian military leaders like Robert McNamara and Paul Wolfowitz went on to head the World Bank. These nations’ debt to international banks ensures they are controlled by the United States, which pressures them into joining the “coalition of the willing” that helped invade Iraq or allowing U.S. military bases on their land. If countries refuse to "honor" their debts, the CIA or Department of Defense enforces U.S. political will through coups or military action.

Tarak Kauff, Veteran For Peace activist and organizer, stated, "There are trillions for wars and occupations in Iraq, Afghanistan, Pakistan and now Libya, billions yearly to support Israel's occupation and oppression of Palestine, again trillions in bailouts to make those at the top of the economic food chain even more powerful, but relative pennies for our children's education, adequate health care, infrastructure, housing and other necessities of Americans. Yet big corporate banks are thriving and, like Bank of America, pay no taxes. But you do, and I do, and working people all across this country pay taxes. I ask, what are we paying for and into whose pockets is it going? The wealth of this country is disappearing down the tubes into the stuffed pockets of the financial/military/industrial oligarchs. Americans are being bled dry while people of the world are literally bleeding and dying from U.S.-made weapons and warfare. Do we not see the connection?"

More and more people are indeed seeing the connection between corporate banksterism and militarism; they are seeing how uncontrolled spending on war is resulting in austerity at home. In a recent interview, Cornel West brought the issues of the wealth divide, Wall Street and militarism together. Prof. West also spoke about Obama, calling him “a cagey neoliberal at home and a liberal neoconservative abroad" who expanded the wars and military while re-enforcing the existing Wall Street-dominated power structure at home, a president who has abandoned the poor and working class and is becoming” a pawn of big finance and a puppet of big business." See the interview with Professor West here:

http://www.youtube.com/watch?v=E_y3psTDT58&feature=channel_video_title.

Join us April 15 in Union SquarePark at 11:00 a.m. for the Sounds of Resistance concert and protest.

Kevin Zeese is co-founder of Voters for Peace and directs Come Home America.

Sounds of Resistance are Growing Join Americans Fed Up With Big Finance

April 1st, 2011

Americans Across the Country are Joining the Culture of Resistance – You Are Needed!

Kevin Zeese

Are you tired of big banks making record profits, paying giant executive salaries and bonuses and then cooking the books so they avoid paying taxes? We are. And, we are responding. Join us.

On April 15 in Union Square Park in New York City at 11:00 AM we are holding a “Sounds of Resistance Concert” and protest against the big corporate banks that have undermined the U.S. economy and displaced families from their homes. Big Finance has taken more than a trillion from the Department of Treasury and Federal Reserve to pay for their casino gambling on Wall Street but they are still forcing people out of their homes, not lending to small businesses and choking the economy.

The concert will feature political hip-hop/rock powerhouse Junkyard Empire with special guests Broadcast Live and Sketch the Cataclysm. Chris Hedges will speak about the growing culture of resistance. Other performers and speakers are invited.

The protest will include a picket of the Union Square Bank of America – a major culprit in the great rip off of the American taxpayer.

This concert and protest are part of the effort to build the urgently needed movement to shift power to the people and away from concentrated capital interests.

Our demands:

Stop Foreclosures: The last two years saw record foreclosures with one out of seven houses in the U.S. behind in their mortgage payments. A total of 3.8 million foreclosure filings and actual bank repossessions topped 2.8 million in 2010, a 2% increase over 2009 and a 23% increase over 2008. This record is likely to be broken in 2011. The housing market is so bad that now there are reports of banks walking away from houses in foreclosure, leaving problems in communities.

Pay Fair Share of Taxes: Big banks are not paying taxes, while reaping tax payer bailouts. Bank of America did not pay any federal income taxes in 2010. The largest bank in America didn't pay federal income taxes in 2009 either. If Bank of America paid their fair share of taxes, planned cuts of $1.7 billion in early childhood education (Head Start & Title 1) would not be needed. Bank of America avoids paying taxes by using subsidiaries in offshore tax havens. To eliminate their taxes, they reinvest proceeds overseas, instead of bringing the dollars home, thereby undermining the U.S. economy and avoiding federal taxes. Big Finance, like Bank of America, contributes to record deficits that are resulting in massive cuts to basic services in federal and state governments.

Break Up the Big Corporate Banks: If banks are “too big to fail” then they are too big. They dominate the economy and the political system. Ten huge banks now control 60% of the economy. They ensure concentration of capital and concentration of political power. Because of the federal government’s protection of the big banks, small and moderate sized banks cannot compete. Failure to break up big corporate banks ensures their dominance of the economy and the government. As Senator Dick Durbin said about the banks controlling the senate, in a moment of honest frustration, “they own the place.” It is time for the people to take back ownership of government and politics.

It is urgent that Americans organize, and stand up to the concentrated political/economic power and greed of the financial elite. Join us on April 15 to be part of a people-powered movement that reigns in the power of concentrated corporatism and builds the power of all Americans. Get involved now as we take the steps needed to build a movement that cannot be stopped.

Join us in New York City on April 15, 2011 at 11:00 in Union Square Park.

Kevin Zeese is executive director of Prosperity Agenda.

We need to raise $5,000 for this event to pay for the sound sytem, stage and signs. Please make a contribution now. You can contribute by clicking here.

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