How to Attack & Kill US Economy — Economic Terrorism Described by Former Leftist SEIU Leader, Caught on Tape (video)
Posted By Vicki McClure Davidson on March 23, 2011
How to attack and bring down the US economy and redistribute wealth, socialist SEIU/economic-terrorist style, per a speech made by former SEIU official Stephen Lerner this past weekend. Left-wing radicals despise freedoms for the individual and free market principles, except when they themselves profit from it. One of the many hypocrisies of socialists. Destabilizing the American economy, crashing the US banking system, pulverizing the stock market, redistributing wealth, seizing national power — all chief objectives of ruthless, radical socialists.
Lerner explains the stunning, chilling details of his plan, his anti-capitalism, anti-American mission… this is way beyond Socialism 101:
The Left’s Economic Terrorism Playbook: Coalition to Destroy US Capitalism and Redistribute Wealth
From Business Insider, CAUGHT ON TAPE: 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 undoubtedly 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.”
From Conservative Hideout 2.0, Glenn Beck Exposes Leftist Plans: Collapse the Economy to Take Power:
We’ve talked about Cloward-Piven many times before. In essence, the Cloward-Piven strategy is meant to undermine and overwhelm a system, or systems, and bring them to a state of collapse. Then, as the idea goes, the resulting crisis creates an opportunity for “change.” And, for our left, this “change” will necessarily consist of tyranny.
Video encore… Glenn Beck’s coverage of the Cloward-Piven strategy for destroying the US economy.
Glenn Beck: Cloward-Piven Strategy: Strategy for forcing political change through orchestrated crisis (AKA the “Crisis Strategy” / Cloward and Piven plan)
From Ace of Spades HQ, Economic Terrorism: Former SEIU Official Caught On Tape Advocating “Destabilization” of Nation’s Economy In Order To Spur Redistributionist Socialism:
Question: Would the media feel the need to inject this “sympathy” caveat into a report of a plan to destabilize the country coming from the right? Of course not. They always feel the need to push the idea that the left has the right ideas in its heart, even if you disagree about the details of execution.
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.
Here’s an excerpt of the transcript from former SEIU head honcho Lerner at the Pace University forum last weekend. Read the rest at The Blaze or Atlas Shrugs:
It seems to me that we’re in a moment where we need to figure out in a much more, through direct action, much more concrete way how we really are trying to disrupt and create uncertainty for capital, for how corporations operate. And it may sound like that’s a crazy thing that in a moment of weakness we could deal with it, but the thing about a boom and bust economy, it is actually incredibly fragile, because it’s not based on real way, well, it’s based on gambling and all of that. And so there are actually extraordinary things that we could do right now that would start to de, destabilize the folks that are in power and start to rebuild a movement. And for example, 10% of homeowners, going back to where you started, who are under, a quarter of all people who own a home are under water. Right? Their home is under water, they’re paying more for it than it’s worth. Ten percent of those people are now in strategic default, meaning they’re refusing to pay but they’re staying in their homes. That’s totally spontaneous. Right? They figured out it takes a year to kick me out of my home because the mort-, the foreclosure’s backed up. I’m going to say I won’t pay. It’s just what business does, it’s a good, a good business decision. If you could double that number, you would make banks, put banks on the edge of insolvency again.
And so the question would be, what would happen if we organized homeowners in mass to do a mortgage strike. Just say if we get, and, and, if we get half a million people to agree, we’ll all not, we’ll agree we won’t pay our mortgages, it would literally cause a new financial crisis.There are four things we can do that could really upset Wall Street. One is if city and state and other government entities demanded to renegotiate their debt because they’re paying too much interest. And you might say, well why would the banks ever do it? Because they, the cities and counties could say we won’t do this and this in the future with you if you don’t renegotiate the debt now. Meaning, about a third of bank profits generate from dealing with cities and states. So we could leverage the power we have of government to say we won’t do business with you, JP Morgan Chase, anymore unless you do two things: you reduce the price of our interest, since your interest rate is down; and second, you rewrite the mortgages for everybody in the community so they can stay in their homes. We, we could make them do that.
The second thing is there’s a whole question in New York now about austerity and student’s rates and the question of the debt structure. What would happen if students said we’re not going to pay? It’s a trillion dollars. Think about your …sweeping that debt, a trillion dollars from students debt?
There’s a third thing that we could think about, what about if public employee unions, instead of them being on the defensive, put on the collective bargaining table when they negotiate they said we demand as a condition of negotiation that the government renegotiate, we want, we believe in good financial management. It’s crazy that you’re paying too much interest to your buddy the bankers. It’s a strike issue for us. We will strike unless you force the banks to relieve the debt of the city. I’m not going to go through all the detail except to say there’s extraordinary things we could do and if you add on top of that, if we really thought about moving to the kind of disruption in Madison, but moving that to Wall Street and moving that to other cities around the country where we basically said you stole $17 trillion, you’ve impoverished us and we’re going to make it impossible for, for you to operate.
Labor can’t lead it, but we can be a critical part of it. We do have money, we have millions of members who are furious, but I don’t think this kind of movement can happen unless actually the community groups and other activists take the lead. And that’s a big reversal of how a lot of these coalitions have even thought about it, so unions helping community groups, or communities who cover this narrowly. And if you’re se, if we really believe that we’re in a transformative stage and what’s happening in capitalism, and we need to confront this in a serious way and develop a real ability to put a boot in the wheel, then I think we have to think not about labor community alliances. We have to think about how together we’re building something that really has the capacity to disrupt how the system operates.
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