Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America

[JohnSmith2007 353]

Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America

A former official of one of the country's most-powerful unions, SEIU, has a secret plan to "destabilize" the country.

The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street's grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.

The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last weekend.

The Blaze procured what appears to be a tape of Lerner's remarks. Many Americans will undoubtely sympathize with and support them. Still, the "destabilization" plan is startling in its specificity, especially coming so close on the heels of the financial crisis.

Lerner said that unions and community organizations are, for all intents and purposes, dead. The only way to achieve their goals, therefore--the redistribution of wealth and the return of "$17 trillion" stolen from the middle class by Wall Street--is to "destabilize the country."

Lerner's plan is to organize a mass, coordinated "strike" on mortgage, student loan, and local government debt payments--thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans. This destabilization and turmoil, Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power.

Lerner's plan starts by attacking JP Morgan Chase in early May, with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.

Lerner also says explicitly that, although the attack will benefit labor unions, it cannot be seen as being organized by them. It must therefore be run by community organizations.

Lerner was ousted from SEIU last November, reportedly for spending millions of the union's dollars trying to pursue a plan like the one he details here. It is not clear what, if any, power and influence he currently wields. His main message--that Wall Street won the financial crisis, that inequality in this country is hitting record levels, and that there appears to be no other way to stop the trend--will almost certainly resonate.

A transcript of Lerner's full reported remarks is below, courtesy of The Blaze. We have heard the tape, but we have not independently verified that the voice is Lerner's. You can listen to the tape here.

Here are the key remarks:

Unions are almost dead. We cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also. And if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge - the big banks and everything - what they want is stability.

There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement.

For example, 10% of homeowners are underwater right their home they are paying more for it then its worth 10% of those people are in strategic default, meaning they are refusing to pay but they are staying in their home that's totally spontaneous they figured out it takes a year to kick me out of my home because foreclosure is backed up

If you could double that number you would you could put banks at the edge of insolvency again.

Students have a trillion dollar debt

We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree it would literally cause a new finical crisis for the banks not for us we would be doing quite well we wouldn't be paying anything...

We have to think much more creatively. The key thing... What does the other side fear the most - they fear disruption. They fear uncertainty. Every article about Europe says in they rioted in Greece the markets went down

The folks that control this country care about one thing how the stock market goes what the bond market does how the bonuses goes. We have a very simple strategy:

How do we bring down the stock market

How do we bring down their bonuses

How do we interfere with there ability to be rich...

So a bunch of us around the country think who would be a really good company to hate we decided that would be JP Morgan Chase and so we are going to roll out over the next couple of months what would hopefully be an exciting campaign about JP Morgan Chase that is really about challenge the power of Wall Street.

And so what we are looking at is the first week in May can we get enough people together starting now to really have an week of action in New York I don't want to give any details because I don't know if there are any police agents in the room.

The goal would be that we will roll out of New York the first week of May. We will connect three ideas

that we are not broke there is plenty of money

they have the money - we need to get it back

and that they are using Bloomberg and other people in government as the vehicle to try and destroy us

And so we need to take on those folks at the same time. And that we will start here we are going to look at a week of civil disobedience - direct action all over the city. Then roll into the JP Morgan shareholder meeting which they moved out of New York because I guess they were afraid because of Columbus.

There is going to be a ten state mobilization to try and shut down that meeting and then looking at bank shareholder meetings around the country and try and create some moments like Madison except where we are on offense instead of defense

Where we have brave and heroic battles challenging the power of the giant corporations. We hope to inspire a much bigger movement about redistributing wealth and power in the country and that labor can’t do itself that community groups can’t do themselves but maybe we can work something new and different that can be brave enough and daring and nimble enough to do that kind of thing.

Read more: http://www.businessinsider.com/seiu-union-plan-to-destroy-jpmorgan#ixzz1HSnKboPe

[B_J 2,752]

How many will refuse to pay attention to this simply because of the source?

[JohnSmith2007 353]

I wonder if this qualifies for the definition of "thug"?

[Ban Hammer 13,485]

How many will refuse to pay attention to this simply because of the source?

just the fools.

[Obama 2012 1,714]

the irony here, is if he destroys JP Morgan and the stock market, he ruins everyone's 401k while he's at it.

[I AM NOT THAT GUY 5,715]

Sounds like George Soros is behind this.

He became known as "the Man Who Broke the Bank of England"...

[mawilson 2,133]

How do we bring down their bonuses

How do we interfere with there ability to be rich...

You can't, because you're poor, weak and pathetic. Wall Street will have you for breakfast.

[JohnSmith2007 353]

I wonder if this is related?

Unreported Soros Event Aims to Remake Entire Global Economy

Left-wing billionaire's own experts dominate quiet push for 'a grand bargain that rearranges the entire financial order.'

Two years ago, George Soros said he wanted to reorganize the entire global economic system. In two short weeks, he is going to start - and no one seems to have noticed.

On April 8, a group he's funded with $50 million is holding a major economic conference and Soros's goal for such an event is to "establish new international rules" and "reform the currency system." It's all according to a plan laid out in a Nov. 4, 2009, Soros op-ed calling for "a grand bargain that rearranges the entire financial order."

The event is bringing together "more than 200 academic, business and government policy thought leaders' to repeat the famed 1944 Bretton Woods gathering that helped create the World Bank and International Monetary Fund. Soros wants a new 'multilateral system," or an economic system where America isn't so dominant.

More than two-thirds of the slated speakers have direct ties to Soros. The billionaire who thinks "the main enemy of the open society, I believe, is no longer the communist but the capitalist threat" is taking no chances.

Thus far, this global gathering has generated less publicity than a spelling bee. And that's with at least four journalists on the speakers list, including a managing editor for the Financial Times and editors for both Reuters and The Times. Given Soros's warnings of what might happen without an agreement, this should be a big deal. But it's not.

What is a big deal is that Soros is doing exactly what he wanted to do. His 2009 commentary pushed for "a new Bretton Woods conference, like the one that established the post-WWII international financial architecture." And he had already set the wheels in motion.

Just a week before that op-ed was published, Soros had founded the New York City-based Institute for New Economic Thinking (INET), the group hosting the conference set at the Mount Washington Resort, the very same hotel that hosted the first gathering. The most recent INET conference was held at Central European University, in Budapest. CEU received $206 million from Soros in 2005 and has $880 million in its endowment now, according to The Chronicle of Higher Education.

This, too, is a gathering of Soros supporters. INET is bringing together prominent people like former U.K. Prime Minister Gordon Brown, former Fed Chairman Paul Volcker and Soros, to produce "a lot of high-quality, breakthrough thinking."

While INET claims more than 200 will attend, only 79 speakers are listed on its site - and it already looks like a Soros convention. Twenty-two are on Soros-funded INET's board and three more are INET grantees. Nineteen are listed as contributors for another Soros operation - Project Syndicate, which calls itself "the world's pre-eminent source of original op-ed commentaries" reaching "456 leading newspapers in 150 countries." It's financed by Soros's Open Society Institute. That's just the beginning.

The speakers include:

Volcker is chairman of President Obama's Economic Advisory Board. He wrote the forward for Soros's best-known book, 'The Alchemy of Finance' and praised Soros as "an enormously successful speculator" who wrote "with insight and passion" about the problems of globalization.

Economist Jeffrey Sachs, director of The Earth Institute and longtime recipient of Soros charity cash. Sachs received $50 million from Soros for the U.N. Millennium Project, which he also directs. Sachs is world-renown for his liberal economics. In 2009, for example, he complained about low U.S. taxes, saying the "U.S. will have to raise taxes in order to pay for new spending initiatives, especially in the areas of sustainable energy, climate change, education, and relief for the poor."

Soros friend Joseph E. Stiglitz, a former senior vice president and chief economist for the World Bank and Nobel Prize winner in Economics. Stiglitz shares similar views to Soros and has criticized free-market economists whom he calls "free market fundamentalists." Naturally, he's on the INET board and is a contributor to Project Syndicate.

INET Executive Director Rob Johnson, a former managing director at Soros Fund Management, who is on the Board of Directors for the Soros-funded Economic Policy Institute. Johnson has complained that government intervention in the fiscal crisis hasn't been enough and wanted "restructuring," including asking "for letters of resignation from the top executives of all the major banks."

Have no doubt about it: This is a Soros event from top to bottom. Even Soros admits his ties to INET are a problem, saying, "there is a conflict there which I fully recognize." He claims he stays out of operations. That's impossible. The whole event is his operation.

INET isn't subtle about its aims for the conference. Johnson interviewed fellow INET board member Robert Skidelsky about "The Need for a New Bretton Woods" in a recent video. The introductory slide to the video is subtitled: "How currency issues and tension between the US and China are renewing calls for a global financial overhaul." Skidelsky called for a new agreement and said in the video that the conflict between the United States and China was "at the center of any monetary deal that may be struck, that needs to be struck."

Soros described in the 2009 op-ed that U.S.-China conflict as "another stark choice between two fundamentally different forms of organization: international capitalism and state capitalism." He concluded that "a new multilateral system based on sounder principles must be invented." As he explained it in 2010, "we need a global sheriff."

In the 2000 version of his book "Open Society: Reforming Global Capitalism," Soros wrote how the Bretton Woods institutions "failed spectacularly" during the economic crisis of the late 1990s. When he called for a new Bretton Woods in 2009, he wanted it to "reconstitute the International Monetary Fund," and while he's at it, restructure the United Nations, too, boosting China and other countries at our expense.

"Reorganizing the world order will need to extend beyond the financial system and involve the United Nations, especially membership of the Security Council,' he wrote. 'That process needs to be initiated by the US, but China and other developing countries ought to participate as equals."

Soros emphasized that point, that this needs to be a global solution, making America one among many. "The rising powers must be present at the creation of this new system in order to ensure that they will be active supporters."

And that's exactly the kind of event INET is delivering, with the event website emphasizing "today's reconstruction must engage the larger European Union, as well as the emerging economies of Eastern Europe, Latin America, and Asia." China figures prominently, including a senior economist for the World Bank in Beijing, the director of the Chinese Academy of Social Sciences, the chief adviser for the China Banking Regulatory Commission and the Director of the Center on U.S.-China Relations.

This is all easy to do when you have the reach of George Soros who funds more than 1,200 organizations. Except, any one of those 1,200 would shout such an event from the highest mountain. Groups like MoveOn.org or the Center for American Progress didn't make their names being quiet. The same holds true globally, where Soros has given more than $7 billion to Open Society Foundations - including many media-savvy organizations just a phone call away. Why hasn't the Soros network spread the word?

Especially since Soros warns, all this needs to happen because "the alternative is frightening." The Bush-hating billionaire says America is scary "because a declining superpower losing both political and economic dominance but still preserving military supremacy is a dangerous mix."

The Soros empire is silent about this new Bretton Woods conference because it isn't just designed to change global economic rules. It also is designed to put America in its place - part of a multilateral world the way Soros wants it. He wrote that the U.S. "could lead a cooperative effort to involve both the developed and the developing world, thereby reestablishing American leadership in an acceptable form."

That's what this conference is all about - changing the global economy and the United States to make them "acceptable" to George Soros.

- Iris Somberg contributed to this commentary

Dan Gainor is the Boone Pickens Fellow and the Media Research Center's Vice President for Business and Culture.

http://www.mrc.org/bmi/commentary/2011/Unreported_Soros_Event_Aims_to_Remake_Entire_Global_Economy.html

[Ban Hammer 13,485]

all hail emperor soros!

[JohnSmith2007 353]

all hail emperor soros!

The lefts version of the Koch brothers.

[I AM NOT THAT GUY 5,715]

all hail emperor soros!

That's Herr Soros.

[Pooky 3,825]

The lefts version of the Koch brothers.

But working with a bigger canvas.

[JohnSmith2007 353]

Have you all noticed that our usual union apologists have been strangely quiet in this thread?

[Gary and Alla 3,694]

Have you all noticed that our usual union apologists have been strangely quiet in this thread?

That means everything said here is TRUE

[Dan J 277]

Have you all noticed that our usual union apologists have been strangely quiet in this thread?

What for? Wall street investment firms have already accomplished crashing the market and redistributing wealth. They also destroyed one of their own in the process.