The US has a $14 trillion national debt and most folk haven’t a clue how it happened, not what can be done about it. Many naively think the US government simply “overspent.” The same goes for the mountain of personal debt that holds entire nations in chains. The reality of where this debt came from is embedded into the fabric of the system itself.
The Occupy movement is the first internationally concurrent action against the destructive parasitical actions orchestrated by privately owned banks. The War Against Private Banks has yet to call itself that but it has most certainly begun.
Slavoj Zizek made some good pertinent points about the potential pitfalls ahead of the Occupy movement in his recent Guardian article, Occupy First. Demands Come Later.
“What to do after the occupations of Wall Street and beyond – the protests that started far away, reached the centre and are now, reinforced, rolling back around the world? One of the great dangers the protesters face is that they will fall in love with themselves.”
Now is a time for thinking things through, using time in tents, or in communities, not simply to jump on a bandwagon because it sounds like the right thing to do. Nor is this a time for cobbling together hasty manifestos where all the programmatic thinking is done by the usual suspects.
“Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent’s fate.” Sun Tzu, The Art of War
There’s little point either in Occupying Wall Street, London SX, etc, if it doesn’t work to point minds towards a clearer understanding of how debt works, and why debt is an integral component of the financial system.
“If you know the enemy and know yourself you need not fear the results of a hundred battles.” Sun Tzu
This clever entertaining 30 minute animation on money, debt and private banks – where they come from, why money=debt, and how they have us by the short and curlies – is well worth putting the kettle on for. Yes, its American-slanted, the ending is mock-cheesy, and it could lose the minor JFK conspiracy theory in the middle, but its in no way dumbed down.
The animation is pretty good too. Much more watchable than the earlier, but still excellent, Money As Debt cartoon by Paul Grignon. It should be required viewing for anyone who is supportive of the Occupy movement but wants to avoid an intellectually unfocused de-escalation, or, just as bad, the movement’s capture and predictable emasculation by the usual suspects.