This video from the USA says about itself:
Bank of America Demonstration-Rubie Curl-Pinkins
Why is Countrywide and their law firm Trott & Trott evicting a 72-year-old disabled woman from her home of 45 years, rather than accepting full payment for the house?
Today, the world economic crisis continues.
Worst week for global markets since 1929: here.
Australian share market’s “black Friday”: another sign of economic crisis: here.
As share market plunges, political crisis in Thailand deepens: here.
Canada: Afghan war could cost in excess of $18 billion: here.
Ethiopian famine significantly worsens as Western powers fail to respond: here.
Turkish manufacturing sector hit hard by financial crisis: here.
NORTHERN IRELAND – MASSIVE NHS CUTS ON THE AGENDA: here.
The global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study: here.
OCTOBER 24-27: BAIL OUT THE PEOPLE, NOT THE BANKERS!
A CALL TO ACTION
Nationally Coordinated, Local Mass Actions
The stock markets are crashing, the world economy is headed into a deep recession or even depression, and the U.S. government and its top bankers, along with their counterparts around the world, are giving what’s going to amount to trillions of dollars to bailout the richest 1 percent of the people WHILE DOING NOTHING TO RESCUE ORDINARY WORKING AND POOR PEOPLE!
We must stand up and say no to this injustice! NOW IS THE TIME TO ACT.
With that in mind, we are calling for Nationally Coordinated Local Days of Action on the weekend of October 24-27.
Endorse – http://stopforeclosuresandevictions.org/stopforeclosuresendorseo27.shtml
Volunteer/list local activity – http://stopforeclosuresandevictions.org/stopforeclosuresvolunteero27.shtml
Donate – http://www.stopforeclosuresandevictions.org/donate.shtml
Contact Us – http://www.stopforeclosuresandevictions.org/cmnt.shtml
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PLANNING MEETING IN NYC
6:30 P.M. WEDS. OCTOBER 15
SOLIDARITY CENTER
55 WEST 17 ST, 5TH FLOOR
MAIN AGENDA POINT: BUILDING A “BAIL THE PEOPLE OUT” RALLY ON WALL ST., FRIDAY, OCTOBER 24
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* During October 24-27, organize marches and demonstrations in front of banks, especially JP Morgan Chase, Bank of America, Wells Fargo, and Citibank, or at your local Federal Reserve Bank. Organize a teach-in or a public hearing on the Wall Street crisis, etc.
IT’S TIME FOR THE GOVERNMENT TO DECLARE AN ECONOMIC STATE OF EMERGENCY AND GIVE DIRECT HELP TO THE PEOPLE–NOT THE BANKS
The following are some of the growing list of emergency measures that people across the country will be raising at protests during the Days of Action:
–Emergency moratorium on home foreclosures and evictions
–No budget cuts in education, healthcare and all social services
–No layoffs, extend unemployment benefits
–No utility shut-offs
–Debt relief for students, poor and working people
–Protect public and private pensions
–Jobs at a living wage
We are asking for grassroots, community and youth organizations, trade unionists, anti-racist forces, the anti-war movement and everyone who’s just mad as hell about the “bailout” to both endorse this call, and take ownership of it. Plan actions during this period of time in your cities across the country.
Partial List of Initiators:
Ad-hoc National Network to Stop Foreclosures and Evictions
Moratorium Now Coalition To Stop Foreclosures and Evictions (Michigan)
Labor/Community Coalition to Stop Foreclosures and Evictions (L.A.)
Service Employees International Union, Local 721
Latino Caucus, SEIU Local 721
Gloria Saucedo, Hermandad Mexicana Nacional
BAYAN USA
NY May 1 Coalition For Immigrant and Workers Rights
Chris Silvera, Secretary Treasurer, Teamster local 808
Brenda Stokely, New York Solidarity Coalition with Katrina/Rita Survivors
La Peña Del Bronz
Trabahadores Por La Paz
Rebel Diaz
Queers for Peace and Justice
Women’s Fightback Network (Massachusetts)
Frantz Mendes, President, USW local 8751 (Boston School Bus Union)
Action Center for Justice (North Carolina)
FIST (Fight Imperialism, Stand Together)
Troops Out Now Coalition
Endorse – http://stopforeclosuresandevictions.org/stopforeclosuresendorseo27.shtml
Volunteer/list local activity – http://stopforeclosuresandevictions.org/stopforeclosuresvolunteero27.shtml
Donate – http://www.stopforeclosuresandevictions.org/donate.shtml
Contact Us – http://www.stopforeclosuresandevictions.org/cmnt.shtml
National Network to Stop Foreclosures and Evictions
c/o Solidarity Center
55 W 17th St #5C
New York, NY 10011
617-522-6626
http://www.stopforeclosuresandevictions.org
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“Will it work? Can they avoid a massive devaluation of capital across
the board? I doubt it. It is likely too late to stabilise things in this
way. Things have gone too far. The crux of the matter is that the whole
“Atlantic” economy is in trouble, not just the financial sector.
Consumption is collapsing in the United States, where it represents more
than two thirds of total demand, and a good part of world demand.
Fifteen per cent of the population is under water with their mortgages.
Real wages in the United States have not risen since the 1970s and
people are deeply in debt and their circumstances are eroding.
Unemployment is way up and jobs are vanishing. Where the productive base
of the economy is weakening drastically, a falling financial
superstructure, finding the ground shifting under it, is unlikely to be
able to right itself.
“As for the politics of nationalisation of banks in the US and UK, one
should not confuse this — as is all too common — with socialism or
even radicalism, unless one is talking about socialism for the rich.
This is just another desperate stop-gap measure aimed at preventing a
full-scale debt deflation. But as a sign of the total collapse of the
“US model” of “free market” finance capitalism, the moral and political
consequences are vast.”
Full article at http://links.org.au/node/677
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