by Bob Moriarty
(Editor’s note: The penultimate paragraph is one of the most sobering I’ve read in many months. And it’s nearly impossible to argue with the author’s conclusions. Blood will likely be spilled, and that may just be the beginning of the end.)
It doesn’t take long to overthrow a government. Algeria took a couple of months, Egypt took only three weeks. As of now, the Occupy Wall Street event is in its fourth week. It took three weeks of total silence for the news media before they even began to pay attention.
The Revolution probably started on September 24th as Deputy Inspector Anthony Bologna of the New York Police Department casually took out a pepper spray canister and blasts some young women already in the custody of the police. It was all caught on camera as he slithered away.
The mainstream media has yet to really come to grips with the protest. Neither Wall Street nor Washington DC has yet to come to terms with the protests that have now spread all over the country.
It’s true there is no coherent and single message coming from the protestors. All revolutions begin as an unorganized mob of people each with their own agenda. What neither Washington, nor Wall Street get is that Americans are finally waking up. Sure, lots of people were talking about the dangers of derivatives years ago and the stealing going on in Wall Street. But Americans had it pretty good and as long as the paychecks came in, everything was just fine.
Paychecks have stopped for 23.1% of Americans now unemployed; many will never again hold a well-paid job. Those jobs have been shipped overseas and today some 46 million Americans are on food stamps. You can take your pick as to what has caused this attitude adjustment on the part of Americans. An incredible 22.5% of mortgages are underwater. Do the owners of those houses really believe prices will recover or are they hanging on like a cat trying to climb a chalkboard?
Americans have an attitude. It’s going to get worse until we have a massive revolution in the way this country is run. Objectively speaking, it is a no win situation. The government has made promises they cannot possibly honor. Many jobs have been lost forever and Americans are going to go through a long and painful process of adjusting to living with less, in many cases, a lot less.
The 1% doesn’t get it and every time a Rove or Bloomberg or Cantor open their mouths, it becomes more obvious. Americans are pissed and they will continue to multiply on the streets until we have a change of government and attitude.
We can count on the government and police to overreact. They always do and it always makes the change far more violent. The police will start shooting protestors with no reason. Protestors will go home, pick up some of the 194 million guns in the United States and come back and start shooting cops.
This is all very predictible and the outcome is predestined. $195 trillion dollars worth of debt exists in the world and only $150 trillion dollars worth of assets exist. We have to write down the debt and start over with an honest financial system. You cannot have honesty in government without honesty in money.
Bob Moriarty is president of www.321Gold.com.
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