We Are All Accomplices to Financial Fraud

As spring arrives and the Occupy Wall Street movement in New York City returns to public visibility many people will be asking the self-proclaimed ‘occupiers’ what their point is. U.S. media reports suggest that America’s economic situation is turning around. Mitt Romney recently said in a speech that the “economy is coming back.” And in a cryptic statement, the Federal Reserve -- the cabal of U.S. bankers and economists who exist to give free money to banks -- seemed to suggest that the global economic outlook is improving.


All one needs to do is read Matt Taibbi’s hilarious and heartbreaking piece about Bank of America to understand exactly what Occupy Wall Street is all about. As Taibbi says,

“At this point, the rescue effort is so sweeping and elaborate that it goes far beyond simply gouging the tax dollars of millions of struggling families, many of whom have already been ripped off by the bank – it's making the government, and by extension all of us, full-blown accomplices to the fraud.”

There comes a point in time when people must abandon hope for a broken system to repair itself. As Taibbi so skillfully points out, there is no chance that the U.S. government, so deeply enmeshed within this culture of financial fraud, will be able or willing to dig Americans out. This abandonment of reliance on traditional power structures unites the many people who work together to create new economic, political, and social structures in Occupy Wall Street ‘working groups.’

As participants and supporters of Occupy Wall Street understand, there is only option for Americans to avoid being “full-blown accomplices to the fraud”: Americans must create new, parallel economic systems outside of the traditional economy.

In order to create an economy based on empathy and gratitude -- as opposed to an economy based on “stupidity, incompetence and meanness,” as Taibbi puts it -- Americans will need to create new barter systems and new currencies. They will have to gradually stop using existing U.S. currency -- this means cash, checks, credit cards, PayPal, and all other types of U.S. dollar-backed transactions -- in favor of new means of exchange. They will also need to buy less ‘stuff’ and find other uses for their time and energy.

Now is the time to think in a revolutionary way. Americans must wean themselves off of the old economy while building and participating in a new economy. This transition may take many years, perhaps generations. But it must start now.

***

Image credit: Reiulf Grønnevik/Shutterstock.com

What should these new barter systems and unofficial currencies look like? Can you recommend existing resources? I will share them here. Please let us know in the comments!

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Radical theory says our universe sits on an inflating bubble in an extra dimension

Cosmologists propose a groundbreaking model of the universe using string theory.

Getty Images/Suvendu Giri
Surprising Science
  • A new paper uses string theory to propose a new model of the universe.
  • The researchers think our universe may be riding a bubble expanded by dark energy.
  • All matter in the universe may exist in strings that reach into another dimension.
Keep reading Show less

Your body’s full of stuff you no longer need. Here's a list.

Evolution doesn't clean up after itself very well.

Image source: Ernst Haeckel
Surprising Science
  • An evolutionary biologist got people swapping ideas about our lingering vestigia.
  • Basically, this is the stuff that served some evolutionary purpose at some point, but now is kind of, well, extra.
  • Here are the six traits that inaugurated the fun.
Keep reading Show less

Why I wear my life on my skin

For Damien Echols, tattoos are part of his existential armor.

Top Video Splash
  • In prison Damien Echols was known by his number SK931, not his name, and had his hair sheared off. Stripped of his identity, the only thing he had left was his skin.
  • This is why he began tattooing things that are meaningful to him — to carry a "suit of armor" made up the images of the people and things that have significance to him, from his friends to talismans.
  • Echols believes that all places are imbued with divinity: "If you interact with New York City as if there's an intelligence behind... then it will behave towards you the same way.".