Occupy protesters were right, says Bank of England official … The anti-capitalist protesters who occupied St Paul's Cathedral were both morally and intellectually right, a senior Bank of England official said … Members of the movement occupied the grounds of St Paul's and remained camped there for more than three months until police evicted them in February last year. – UK Telegraph
Dominant Social Theme: This ragtag group of youngsters should be recognized for their truth telling. Out of the mouths of babes!
Free-Market Analysis: What a surprise … not! We're long on the record as explaining the essential phony nature of this pseudo youth movement. Funded by George Soros among others and putatively generated out of the socialist-anarchist publication Adbusters, Occupy Wall Street is supposed to be an update of the 1960s hippy movement, complete with disdain for the "system," dislike for the wealthy and discomfort with capitalism generally.
In reality, it is one more manufactured meme of the power elite, another attempt at divide and conquer. The idea is to blunt the effects of Internet truth telling, what we call the Internet Reformation.
A funny thing happened on a way to a "movement." It was exposed. The alternative media, including The Daily Bell, pointed out the various contradictions, suspicious funding and general nonsensical nature of this manufactured effort. And that has helped sink it, or at least diminish it.
The phony anarchists and leaders − and the behind the scenes cooperation with the very establishment that OWS was supposed to deplore − all took their toll.
The power elite behind the movement doesn't give up, of course. And OWS is said to be making a resurgence. But it is almost November and like global warming (climate change) another dominant social theme that seems to be failing, OWS is having trouble gaining traction.
Ah, frustration! Now the minions of Money Power, driven by the failure of yet another gambit, are speaking out openly in favor of the "movement." Here's more:
Andrew Haldane, a member of the Bank's financial policy committee, said the Occupy movement was correct in its attack on the international financial system.
The Occupy movement sprang up last year and staged significant demonstrations in both the City of London and New York, protesting about the unequal distribution of wealth and the influence of the financial services industry. Members of the movement occupied the grounds of St Paul's and remained camped there for more than three months until police evicted them in February last year.
"Occupy has been successful in its efforts to popularise the problems of the global financial system for one very simple reason; they are right," Mr Haldane said last night. Mr Haldane, the Bank's executive director for financial stability, was speaking to Occupy Economics, an offshoot of the Occupy movement, at an event in central London.
In a speech entitled Socially Useful Banking, he said the protesters had helped bring about a "reformation" in financial services and the way they are regulated.
Partly because of the protests, he suggested, both bank executives and policymakers were persuaded that banks must behave in a more moral way, and take greater account of inequality in wider society.
This is a really incredible statement and surely indicates the way what we call directed history works. One sets up a movement, a crusade, a war … and then uses it as a justification to pass laws that will reshape society as one chooses.
Haldane actually comes right out and says it: "Occupy's voice has been both loud and persuasive and policymakers have listened and are acting … In fact, I want to argue that we are in the early stages of a reformation of finance, a reformation which Occupy has helped stir."
Ah … "Reformation." We've been writing about the Internet Reformation for a decade. But Haldane wants us to believe the REAL Reformation is a regulatory one!
Wealthy, empowered, elite hacks like Haldane will justify further regulatory authoritarianism under the guise of being enlightened by the "youth" of OWS. You see? If you protest loudly enough and are morally pure, you will change the mind even of British central bankers.
Never mind these same bankers are inflicting bloody mayhem on Europe. In Greece and even Spain they will budge not an inch. Higher taxes and lower services are the norm. There is no sense that Greek protestors have made a smidgen of an impact on the central bank ruling elite. But OWS participants seem to have that "certain something" …
Not really, of course. In the case of Europe, central bankers at the behest of their power elite managers are determined not to budge. The crisis, once manufactured, is to usher in a new political power to help alleviate the monetary problems caused by the euro.
Europe is awash in blood and tears but this does not move central bankers a bit. The technocrats now emerging rule with implacable rigor. But OWS protestors are saying something bankers like Haldane welcome.
This is the whole POINT of OWS, as we have long predicted. These movements are intended to provide justification for more regulation and more complexity. This is how the powers-that-be consolidate control, in fact, via regulation.
Engineer an economic meltdown via central bank money printing, create a social movement in response and then act as if the laws you are passing are an outgrowth of unstoppable populist sentiment.
This is the beauty of directed history. When managed properly it is almost seamless. Over time, it is very difficult to discern the reality of Money Power's historical manipulation. We are fortunate the Internet has given us the tools to do so.
Lest anyone think Haldane was just speaking "off the cuff," we want to point out that according to this article, the speech was directly distributed by the bank. And the rhetoric is truly remarkable. Haldane confirms the protesters "had been right about bankers' behaviour and the consequences of extremely high salaries and bonuses in the financial sector and other industries."
"I do not just mean right in a moral sense," he added. "It is the analytical, every bit as much as the moral, ground that Occupy has taken. For the hard-headed facts suggest that, at the heart of the global financial crisis, were − and are − problems of deep and rising inequality."
We learn he believes the activists "had helped bring about nothing less than a new financial order." He adds that a "new leaf is being turned," and that Occupy is playing "a key role in this fledgling financial reformation."