“The system is broken”

The Federal government may be turning a blind eye to Mortgage Industry jankiness, but at least local officials aren’t.
Last week, San Francisco Assessor-Recorder Phil Ting released a report documenting that 85% of the nearly 400 foreclosures that his office has audited have “serious problems or were outright illegal".

"We really wanted to take a look at what the documents would tell us and whether or not it was something systemic," Ting said. "We had a lot of anecdotal information but never knew if the problems represented 5 percent or 20 percent or 80 percent of the cases. What we have for the first time is hard data about the level of systematic problems going on in the mortgage industry."
-Huffington Post

Ting joins a small handful of other local officials who have, over the past year, gone public with similar findings.
Earlier this month, after federal officials conducted more than 10,000 hours of research and poured through more than 2 million documents, the Obama Administration and 49 state attorneys general announced a $25 billion settlement with five of the nation's largest banks that had gotten caught committing document fraud and wrongful foreclosures on homeowners.
None of the findings from that research have been released to the public.
As hard as it may be to fathom, it is very likely that systemwide fraud may just be the tip of the iceberg...

A new era

Occupy Oakland has paid its dues, and is now truly and officially an Oaklander. The movement is diverse and foward-thinking, is committed to working together to move forward into the future, cares about everyone in its community, has been scapegoated and misrepresented in the media, has been evicted twice, has been repeatedly shot and grenaded and teargassed, is ALWAYS being watched by the police (and most likely the feds as well), and now has a major case of PTSD that no one else seems to care about, and actually seems to blame them for. Most importantly though, despite all of the state repression/oppression and harassment and intimidation, the movement is still alive and well (even though homeless and misunderstood). That's about as Oakland as it gets.

The powers that be are LYING about the movement. The J28 "Move-in Day" action, and the criminally violent suppression of that attempted action, have forced a major rift in the broader society between those who instinctually trust the police, and those who know better.
J28 was the epitome of the class war that has been raging in the country for generations: a homeless movement was attempting to peacefully occupy a blighted, unused public space, and the police showed up armed for war. The video evidence alone proves whose agenda was actually carried out that day.

The Occupy Oakland movement is about democracy. Period. It is about an inclusive process where anyone who wants in can be in, and no one is left out. Anyone who says otherwise is a LIAR.
Resident livestreaming videojournalist Spencer Mills extended a polite invitation to Oakland Police Chief Howard Jordan to participate in tonite's community forum on police actions. Hojo, of course, declined. OPD has never and will never be interested in dialog. Just ask Bobby Hutton and Judi Bari.
Even back when Mayor Quan was trying to "dialog" with the labor council (her best attempt at trying to understand the movement was to call in the usual suspects, most of whom had NOTHING to do with the actual movement on her front lawn) OPD was calling for violent action rather than talk. When she realized that she couldn't bully big labor into controlling the movement (i.e. when she realized that they weren't in charge), she ignored the progressive voters who got her elected, and let OPD have their way. Rather than waiting her turn to speak to a general assembly and having genuine dialog, she conspired via teleconference with Homeland Security to help orchestrate a nationwide series of violent assaults on Occupy camps. That's her interpretation of democracy apparently.

The funny thing is, her blatant subservience to the radical right has earned her no respect in their eyes either. A recall campaign to oust her from office is currently underway, and its backers all represent "business" interests. Clearly, it was an incredibly stupid move on her part to try to make them happy...they didn't want her elected in the first place.

Oakland City Hall could learn a lot from the Oakland Raiders, who are risking short-term criticism from their fan base in exchange for long-term success. The Raiders are cleaning house in a quest for better communication, more discipline, improved teamwork and increased productivity (the same values that Occupy Oakland has prioritized since its inception).
It is painfully clear that OPD needs a similar cleansing.

Only one person had to die in order for the Raiders to move forward.
How many will it take before OPD and Oakland City Hall clean up their act?

World Revolution Update

God turning His back on the bankstas

First veterans, now churches too.
Traditional bases of support are turning.

A small but growing number of religious communities across the country are removing their money from Wall Street banks to protest what they see as unfair mortgage foreclosures and unwillingness to lend to small businesses.

The New Bottom Line (NBL) coalition of congregations, community organizations, labor unions and individuals is promoting a "Move Our Money" campaign with the goal of shifting $1 billion from big banks to community banks and credit unions.
-Huffington Post

OPD thugs terrorize people serving free turkey dinners on Thanksgiving Day

OPD flipped out when port-a-potties arrived at Oscar Grant Plaza while people were serving free turkey dinners. Then they started assaulting people. If that wasn't enough, as you can see at the end of this video, one officer tried to tase an unarmed man, but a woman pushes his arm down and ruins the officer's shot.
OBVIOUSLY, if the intended tasee had committed ANY kind of crime, the officer would not tolerate a bystander preventing him from getting his tasing on. Instead, a woman physically intervenes (with alleged "police work", which is allegedly a crime in itself), but the officer simply shrugs it off and allows the intended victim to continue mouthing off (which is not a crime).
This is OPD folks.

World Revolution Update

Cops got evicted from Occupy Oakland

So this week, the mainstream media and Oakland City Hall ramped up their campaign against the Occupy Oakland encampment with stories about rats, drug use, sexual harassment, graffiti, yadda yadda yadda...
They claim that the protestors don't have any demands, but the protestors have been unified in their main demand: "Join us."
Please don't believe the lies.
Occupy Oakland, like the city itself, is unlike any other. It is diverse, political, organized, and a little crackhead-y too (You can't win them all).
The most notable thing about the now two-week-old protest is that it is an unparalleled experiment in human civilization. They have toilets, food, shelter, roads, educational workshops,informational booths, political discussions, a full entertainment schedule, a family zone, and a first-aid tent too. They even have their own pedal-powered media tent. Every night, the general assemblies are vibrant and chaotic....and somehow effective. Last night, under the threat of eviction from the city, they approved a no-smoking no-drinking policy. Oh yeah, and they collectively thumbed their noses at the eviction notice.
This ain't no burning man. This is democracy at its best/worst.
Everything is free, and everyone is welcome in this utopia.
Well, everyone but the mainstream media and the cops.


Since the City has sent out an eviction notice, this link might be useful to anyone hanging around the camp over the next few days.

Also, here's a good read from the Huffington Post which lists 10 ways you can suport the Occupy Everywhere movement wherever you might be.

Less than 1 in 4 have faith in financial institutions

According to the Chicago Booth/Kellogg School Financial Trust Index, 23% of people surveyed trusted US financial institutions.
What do the bottom 22% of those people not get?

Trust in banks has experienced an even steeper decline, falling from 39% in June to 33% in October. Notably, people were much more inclined to trust local banks and credit unions: More than half of those surveyed said they still had faith in those institutions.

The survey also revealed that nearly 60% of respondents were either angry or very angry about the current economic situation -- the highest level of anger measured since the earliest months of the financial crisis.
-Daily Finance

And that is why tent cities are springing up everywhere.

World Revolution Update

World Revolution Update

We face a "Worldwide Banking Meltdown"

IMF advisor Robert Shapiro warns of a meltdown worse than 2008.
So what’s a country to do when faced with sovereign default?
Well in the birthplace of democracy, as the Greek government circles ever-increasingly down the toilet of fiscal insolvency, it apparently has found enough money to purchase 400 M1A1 Abrams tanks from the United States.
Well, I guess if they can’t afford to provide the Greek people with good governance, I guess they will NEED 400 tanks to keep the Greek people in line.

To the west, Spain tops that by offering Uncle Sam a navy base.

Under the agreement, four U.S. Aegis ships will be based at the Rota naval base near Cadiz in Spain. The agreement is part of U.S. President Barack Obama's phased adaptive approach to missile defense, under which ship-based, anti-ballistic missiles are being deployed in the eastern Mediterranean followed by ground-based systems in Romania and Poland.
The agreement "reflects a commitment of both countries to the alliance" and marks "an important step forward to protect NATO territories against missile threats," Rasmussen said. "It is smart defense at its best," he said, describing it as "countries working together and sharing together to provide something that benefits us all."
-Defense News

Come to think of it, considering that 169,000 Americans lost their job in September, Uncle Sam might need some more tanks and missile boats too.

People are pissed

Good ol Paul Farrell.

Occupy Wall Street is a virus spreading rapidly as Occupy Everything, a reform movement that will overshadow the GOP/Tea Party as the voice of the people, leading to an Occupy America.
-MarketWatch

And Jesse La Greca explains it another way:

China: Don’t electioneer at our expense

Yesterday, the US Senate voted 79-19 to open a week-long debate on a bill that calls for U.S. tariffs on imports from countries with deliberately undervalued currencies.
(Ahem)
Naturally, the move prompted an angry rebuke from China, which holds down the value of its yuan currency to give its exporters an edge in global markets. China claims it is committed to gradual currency reform, noting that the yuan has risen 30 percent against the dollar since 2005, and warned that passage of such legislation will spark a trade war.

Supporters of the legislation say it would create new jobs and boost the U.S. economy, but China, and some in the United States, say it could trigger a damaging trade war.
The Chinese central bank warned the proposed law would not fix the economic problems in the United States and could cause more serious problems.
If the bill passes, it "cannot resolve insufficient saving, the high trade deficit and the high unemployment rate in the U.S., and it may seriously affect the progress of China's exchange rate reform and may lead to a trade war, which we do not want to see," the bank said.
-Yahoo! News

Top Republican legislators in the US agree.

The strong misgivings of House of Representatives Speaker John Boehner were the first clear sign the currency legislation might fizzle out, as similar bills have done since lawmakers began targeting China's yuan policy in 2005.
"I think it's pretty dangerous to be moving legislation through the United States Congress forcing someone to deal with the value of their currency," Boehner told reporters.
"While I've got concerns about how the Chinese have dealt with their currency, I'm not sure this is the way to fix it."
-Reuters

So Democrats want to, Repulicans don't want to...no news there.
What is news though, is that China is pissed off at the rhetoric flyin around inside the beltway...and that's actually pretty big news.

World Revolution Update

"I dream of another moment like this."

Goldman Sachs rules the world, and they know the market is toast. Lol.
A trader was on the BBC, speaking the truth, and apparently it was news to the talking heads and the people who aren't plastic-looking-enough-to-be-talking-heads.

Speaking of news vs. the not news, I remember seeing a video from the occupation of Wall Street, and reading some commenter who said that the women were over-reacting to simply being corralled. I thought to myself, they're reacting as if they just got maced. Well, apparently they got peppersprayed, and some dude has posted this great slo-mo breakdown of the incident.

World Revolution Update

World Revolution Update

World Revolution Update

"Historical" events happenin over in the UK.

Cameron also said he's considering banning individuals from social media if they are suspected of plotting criminal activity. Many young people in the melees were seen communicating by BlackBerry mobile e-mail and smartphone devices.

"Free flow of information can be used for good, but it can also be used for ill," Cameron said. "And when people are using social media for violence we need to stop them.

"So we are working with the police, the intelligence services and industry to look at whether it would be right to stop people communicating via these Web sites and services when we know they are plotting violence, disorder and criminality," he said.

He later told reporters Home Secretary Theresa May would hold meetings with Facebook, Twitter and BlackBerry maker Research in Motion to discuss their responsibilities to prevent future incidents.
-UPI

Interestingly enough, transit authorities in the Bay Area thwarted a planned protest by cutting off cell phone service at several BART stations yesterday.

Weekly World Revolution Update

Ron Paul is pro-bankruptcy

Last week, Ron Paul introduced legislation to allow states to regulate their own marijuana industries. He is pro-decriminalization.
Not surprisingly, he's pro-bankruptcy too.
This week, the Texas Congressman and Presidential Candidate said that the US should stop paying it's debts and default.
Yes he did.
He'd settle for not paying the Fed, whom he wants to audit.

"We owe, like, $1.6 trillion because the Federal Reserve bought that debt, so we have to work hard to pay the interest to the Federal Reserve," Paul said. "We don't, I mean, they're nobody; why do we have to pay them off?"
-CNN