GENERAL STRIKE NOVEMBER 2nd
The Market Ticker ® - Commentary on The Capital Markets
Posted 2011-10-27 09:57
by Karl Denninger
in Occupy
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GENERAL STRIKE NOVEMBER 2nd
 

Now we're talking.

I'm getting word (via Twitter) that the Oakland branch of "Occupy Wall Street" has finally done what I recommended as the only course of peaceful action that will matter:

They have called for a GENERAL STRIKE November 2nd.

Why will a General Strike work?

Simple: It attacks the government in a lawful, peaceful manner in the one way they cannot counteract: It cuts off their funding!

You can't tax what doesn't happen, basically.  This is the people's way to peacefully withdraw consent to being governed. 

You buy nothing, you perform no work, you do nothing that is taxable.

The implicit threat is that you cut the legs out from under the government's ability to fund itself.  This is an entirely lawful action and I said in 2008 that this was the appropriate thing to be doing.

Well, here you have it.  One ex-Marine -- a combat veteran -- took a rubber round in the head.  He is in critical condition and may die.  That was not a mistake; that appears to have been aimed fire and if so would be an intentional assassination.  Sorry folks, that's facts - from 50' you don't "miss" and hit someone in the head with these things if you're shooting for the legs or other non-vital parts.  It appears he was shot in the head by someone who aimed for the head.  Those projectiles are not "non-lethal" and the device thrown by a cop at the people trying to come to his assistance (whether it was a tear gas bomb or just an ordinary exploding device) after he fell wasn't tossed accidentally either.

So here's the deal folks: Do you have a pair of clankers or are you still sporting mouse-sized nerfs?

Yeah, I know, participating in a General Strike means personal sacrifice.  Heh, that's how it is when you make choices.  There are costs.  Nothing's free, including doing nothing.  Four years of constructive consent has not brought you continued prosperity.  It has not brought the economy out of the slump and employment has not returned.  It has done nothing for you, and everything for the scammers and fraudusters on Wall Street and in DC.

Four years into this and there's been no end to the fraud.  No admission of what happened and who was responsible.  No change.  No honesty.  No truth.  And no prosecutions of any materiality.  Yeah, I know, they are going after one former board member now.  That's nice. 

But Obama just announced that he intends to "refinance" a bunch of home mortgages (again) and the primary beneficiary of doing so will be not you but the banks as that program includes a waiver of any fraud claims against the original mortgage so it cannot be "put back" on the originator.

Yeah, the "benefits" here will be small for the banks, since the number of people who will qualify will be small and the damages on a fraudulent loan that is paying (which you must be in order to qualify) are zero.  But fraud is still a crime, and this will make ignoring the criminal side t ivial as well.

I've said that it's time to choose for the four years.  Well, now you have a group that has thrown down the gauntlet for you and provided a date: November 2nd.

Elephant-size or mouse-size -- clankers or nerfs?

That's the question, and you will answer that question on November 2nd.

And incidentally, if there is no constructive response out of DC?

DECLARE NOVEMBER 25th-27th AS THE NEXT ONE.  AND YEAH - I'LL DO IT.  NO SPENDING OR WORK OF ANY SORT.  NOT ONE DAMN NICKEL.

Update: There are now people who claim to have original video showing the first shot at Mr. Olsen - it appears it was not a rubber or "bean bag" round that was fired at him but rather a 40mm "grenade" (e.g. gas round) -- if so that's even worse, as there's no reason on God's Green Earth to aim something like that at someone's head; at that sort of close range such a round has a high risk of killing the target, as it very nearly did.  I remain resolute in my call for the officer involved to be identified, indicated and stand trial for felonious assault.  If in fact, as some officers claim, the original assault was not committed by a police officer let's see their evidence.  As for the second assault upon the rescuers, that's clear, convincing, and going to be darn hard to refute.

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User Info GENERAL STRIKE NOVEMBER 2nd in forum [Market-Ticker]
Onelegged
Posts: 265
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NW Colorado
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Done!

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The light at the end of this tunnel is a train.
Themortgagedude
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saint louis
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Quote:
But Obama just announced that he intends to "refinance" a bunch of home mortgages (again) and the primary beneficiary of doing so will be not you but the banks as that program includes a waiver of any fraud claims against the original mortgage so it cannot be "put back" on the originator.

My understanding is that there are waivers on the new mortgages. Of course they aren't going to go back against the prior mortgage holder either because that one has been paid off. But I didn't know that there was a waiver in place for the prior mortgage.

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I'm already visualizing you with duct tape over your mouth.
Anti
Posts: 4278
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Silver
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On Nov. 2 will you be doing Tickers?

What about those who have no job? Do they just not buy stuff?

That is next Wednesday, go downtown with a sign again?

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Hogman
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Derby City, USA
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All in favor of those growing a NUT SACK
Nevertoolate
Posts: 1218
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Gold A True American Patriot!
San Antonio de Bexar de runover with illegals, Texas
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Call in sick or take some vacation. Then everyone converge on your local "town square". Tickerforum probably will "be down" for the day as well. Everyone close any positions you have before then. Don't trade, don't do anything! No work, no spending, no nothing. It will probably be good for everyone anyway! Hope it catches some traction and becomes a monthly event! If just 1% of the population does it, that's 3.5 million people. Should at least get a little attention. Spread the word!

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"Socialist never mind stealing, as long as they are the ones doing the stealing. They never mind lying, as long as they are doing the lying."-Mannfm11

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Bertdilbert
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This is the proposal, it is Oakland only.

PROPOSAL:
We as fellow occupiers of Oscar Grant Plaza propose that on Wednesday November 2, 2011, we liberate Oakland and shut down the 1%.

We propose a city wide general strike and we propose we invite all students to walk out of school. Instead of workers going to work and students going to school, the people will converge on downtown Oakland to shut down the city.

All banks and corporations should close down for the day or we will march on them.

While we are calling for a general strike, we are also calling for much more. People who organize out of their neighborhoods, schools, community organizations, affinity groups, workplaces and families are encouraged to self organize in a way that allows them to participate in shutting down the city in whatever manner they are comfortable with and capable of.

The whole world is watching Oakland. Let’s show them what is possible.

http://www.dailykos.com/story/2011/10/27....

It will be interesting to see if the longshoremen join in and shut down the port.

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Dear Euroland: Relax, Germany has a plan for your money!

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Popothebright
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Bangkok
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Air Traffic Controllers would be the icing on the cake...

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In America the choice of political party is little more than a choice of which corrupt management team implements the corporate agenda.
Geschrei
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If you wanted to put some teeth in this thing, I mean REALLY get people's attention, you'd go nationwide with it, and pick a different date.

Specifically, November 25th.

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“The danger is not that a particular class is unfit to govern. Every class is unfit to govern.”

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Andyc
Posts: 333
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"But Obama just announced that he intends to "refinance" a bunch of home mortgages (again) and the primary beneficiary of doing so will be not you but the banks as that program includes a waiver of any fraud claims against the original mortgage so it cannot be "put back" on the originator."


I've heard the loans will become full recourse loans as well.

I imagine then that the loans can be held at par perpetually and in a default the "owners" can be kicked out of the house, the house sold to new suckers while the original owners are persued by the banks for fees, penalties, interest on interest and on and on till death do them part..........
Tsberts
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Gold
Minnesota
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Nov 2 is the local warm-up. Nov 25 is the national main event.

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Photoguy was an optimist.
In Soviet Russia, the banks are run by the politicians.
The cancer within the federal government has metastasized, it's now up to each of the states to contain the cancer.
Genesis
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I just amended the Ticker and re-Tweeted it.

No positive response? Fine - nuke Black friday.

WE THE PEOPLE are in charge here.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?

Joejohns
Posts: 694
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Do not deceive you or your friends/family.

IF(?) this were to take off you will have to face massive force and push back.

Do not go into this expecting slaps on the back and attaboys!
I am sure most on this board do not.

Action of this type on a level more than a few thousands will be met with force, do not doubt it.

Many large biz will take retaliation against peeps that get hauled in via a protest of this type.

The plans are in place.



Searcy17
Posts: 103
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Where do these "general strikes" end?? We've watched this in Europe for decades where quasi governmental unions shut down whole countries to extort more money for their constituency. I have a constitutional right of association that ensures I can engage in commerce on private property with a fellow citizen, despite continued attempts to infringe on that right by a perverse reading of the commerce clause. OWS and others have the right to protest in the public square, UNTIL they begin to hinder my access to taxpayer funded roads and private storefronts. Then they have crossed the line, as they did in New York when they attempted to shut down bridge lanes. I'm skeptical of all these police brutality claims based on video evidence, because they omit what preceded the incident.
Genesis
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Blah blah.

You cannot be compelled to engage in commerce. Oh sure, people will post crap just like that, but the fact of the matter is that snapping your wallet closed has ALWAYS been the most-effective form of protest.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?

Gator
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Quote:

I'm skeptical of all these police brutality claims based on video evidence, because they omit what preceded the incident.


Searcy,

For ****s and giggles, please come up with any justification for the cop throwing the exploding canister into a group of people helping an injured person.

This will be good...

Tesla
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State of Disbelief
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I never shop or work on Black Friday ever anyhow, so I'll have to think of something else to add to the impact.

Any ideas from TF ?

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"Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes

"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams
Genesis
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Quote:
Then they have crossed the line, as they did in New York when they attempted to shut down bridge lanes.

The video evidence of that "attempt" documents that the police directed the protesters onto the bridge traffic lanes themselves.

Your complaint is directed properly at the police, not the protesters - they followed the direction of a uniformed police officer.

Oops.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Ardendulou
Posts: 16
Incept: 2010-10-14

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I am going to look this up, but my first responce is I am not taking a vacation day or put my job on the line due to the poor policies of the city of Oakland or the state of California.
I have still not heard why I would need to take an extreme action for the actions of highly socialist city? There is no logic just emotion in this action. If the Feds did this, then that might be different.
Nyxnet
Posts: 13
Incept: 2010-06-11

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I've always wondered about the effectiveness of such a thing - sure the message is loud and clear, but the actual financial damage, what is that? Say you don't buy anything on that day, you'll end up just buying it another day would you not, therefore the actual financial impact would be somewhat minimal? I'll take the day off of vacation, but that means I actually FREE UP a liability that is on the employer (accrued vacation), so maybe a day off without pay is a better idea, but again, I'll just have to make up the work again in the following days, etc.

How to do this without the follow-on effects?
Steph4liberty
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Raleigh, NC
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I would think you'd have to take a day off without pay instead of as vacation. For most people, vacation is a paid day off, therefore still being taxable income. Rather, a day off without pay means no income, means no tax revenue generated. And you can't work that day again...it's gone for eternity.

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"Man will never be free until the last Banker is strangled with the entrails of the last Politician" - unknown

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Tsberts
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Quote:
How to do this without the follow-on effects?


You aren't listening.

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Photoguy was an optimist.
In Soviet Russia, the banks are run by the politicians.
The cancer within the federal government has metastasized, it's now up to each of the states to contain the cancer.
Kwerk
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Incept: 2009-03-02


Banned
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I said this in another thread but nobody replied, I'm not sure if it could work.

Assuming you work in the private sector instead of a strike why not just donate ALL of your earnings to charity so you have nothing left to tax. That way you don't lose your job or business and life still functions (sort of) but there is nothing left over for the gov to take.

In fact we could start a private tax-deductible charity that pays FSA plebs say $500 each to get their tubes tied! There actually already is a charity which does that but only for drug addicts.

Basically dismantle decades of government FSA social engineering, and the gov itself at the same time. Instead of working to subsidize it, we start working to dismantle it. Literally.
Genesis
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Admin A True American Patriot!
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The point is to permanently deny the government the tax revenue.

If you just spend (or work) it tomorrow, or get paid for it, you've done nothing.

Yes, you have to make a sacrifice. You either believe in the cause or you don't. It's that simple.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Rinkrat
Posts: 44
Incept: 2009-03-04

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Quote:
It attacks the government in a lawful, peaceful manner in the one way they cannot counteract: It cuts off their funding!

Does it? They don’t have enough money now to do what they have promised, and they want to promise more still. Cut off their funding and they will only borrow more money. What does that accomplish? I agree something needs to be done, but we will not starve this beast.
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