Thursday, July 18, 2013

Everyone but the big banks and their media pundits are FOR Reinstating #GlassSteagall




Remember Why Glass-Steagall Was Passed

Bloomberg
The commission's hearings and findings provided a rationale for many of the laws adopted in the 1930s to regulate banking and the securities markets, including the Glass-Steagall Act, which forced banks to split their lending and securities businesses.
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Bob's Daily Buzzword: `Glass-Steagall'
Bloomberg
July 17 (Bloomberg) -- Bob Rice, general managing partner with Tangent Capital Partners LLC, explains "Glass-Steagall." (Source: Bloomberg). Please enable JavaScript to view the comments powered by Disqus. We are going to focus on glass- steagall.
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Glass-Steagall Act: It's Needed Now More Than Ever
PolicyMic
The Glass-Steagall Act is the common name for four provisions of the Banking Act of 1933, which prohibited the merging of commercial and investment banking. It was enacted in response to the 1929 stock market collapse and subsequent financial crisis.
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Editorial: Elizabeth Warren, John McCain tackle Glass-Steagall Act
MassLive.com
Along with Warren and McCain, Democrat Maria Cantwell of Washington and independent Angus King of Maine have introduced a modern version of the 1933 Glass-Steagall Act, which separated commercial banks from investment banks following the 1929 ...
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Elizabeth Warren Takes Victory Lap, Pushes New Glass-Steagall
In These Times
On Tuesday the Senate finally approved Richard Cordray as the first director of the Consumer Financial Protection Bureau, putting an end to the two-year battle that prevented the federal agency from having a confirmed director. The CFPB was established ...
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Elizabeth Warren, the antidote to CNBC
Columbia Journalism Review
Last Friday, the senator made an appearance on “Squawk Box” to promote her 21st Century Glass-Steagall Act, which she's co-sponsoring with John McCain, and while there might not have been blood and teeth left on the floor, it was a TKO for Warren.
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Elizabeth Warren's new fight: Why the Tea Party backs it
Salon
That's the slogan accompanying Senator Elizabeth Warren's latest project, a highly anticipated bill that would reinstate the firewall between commercial and investment banking, first instituted after the Great Depression as the Glass-Steagall Act ...
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Wednesday, July 17, 2013

Comprehensive Summary of 21st Century U.S. Government Spying

In case you have been too busy to keep up with ALL the spying scandals, official and unofficial, here’s an overview:

The #dailydose of #GlassSteagall #TBTF #TBTJ and #BigBank Nonsense




Regulatory Rumpus: The Battle Over Reinstating Glass-Steagall
TIME
Among the small number of Americans who are passionate about financial regulation, no topic raises hackles more than the so-called Glass-Steagall act. It is “so-called” because when you hear the term “Glass-Steagall” the speaker is most certainly ...
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Sen. Elizabeth Warren Pitches 21st Century Glass-Steagall Bill
Fox Business
You're watching... Sen. Elizabeth Warren Pitches 21st Century Glass-Steagall Bill. Advertisement. Details. Description. Sen. Elizabeth Warren, D-Mass., argues we need to break up big banks. More Info; Share on Facebook; Share on Twitter; Expand Video.
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Glass-Steagall would not have stopped the crash
Financial Times
... global financial crash. It would have happened even if the Glass-Steagall Act in the US had been maintained in place rather than revoked; nor would the Vickers, Liikanen or Dodd-Frank proposals have made more than a minimal impact on the disaster.
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Fed's Tarullo: Glass-Steagall Return Not High on His List
Moneynews
A U.S. Federal Reserve official on Monday questioned the latest congressional plan to break up big banks, saying it is unclear whether such a move would prevent the next financial crisis. Fed Governor Daniel Tarullo, who has been the agency's point man ...
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Delamaide: Make banking boring (and safe) again
USA TODAY
John McCain of Arizona and two other senators to introduce a 21st-century version of the Glass-Steagall Act that kept banks safe for six decades by separating commercial and investment banking. "Banking should be boring," Warren wrote in a blog post ...
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New Glass-Steagall Bill is An Attempt to “Go Back to the Future,” Says Sen. King
Yahoo! Finance (blog)
King says "this isn't the 'too big to fail' bill" -- the 21st Century Glass-Steagall Act creates a structural change in the banking system that would require big banks to break up into smaller institutions “in terms of functionality, not size ...
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Hard Push For New Glass-Steagall Act To Regulate Banks
Here And Now
Four senators, including Democrat Elizabeth Warren and Republican John McCain are proposing “The 21st Century Glass-Steagall Act” to force Wall Street to separate traditional banking from speculative investment. Under the proposed legislation, banks ...
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Economy News: New Glass-Steagall Bill Tries to Go Back to the Future
AllMediaNY
Massachusetts Democratic Senator Elizabeth Warren is one of four senators who recently introduced the 21st Century Glass-Steagall Act, which, like the original 1933 statute, would separate commercial banking from investment banking in order to reduce ...
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Firebreaks are the best way to contain contagion
Financial Times
Firebreaks are the best way to contain contagion. From Mr Seb Walker. Sir, Your leader (“Split the banks”, July 13) advocates the reintroduction of a Glass-Steagall Act across the globe. Yet this populist approach ignores the fact that many of the ...
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Tuesday, July 16, 2013

Bank Owned Media Fights New #GlassSteagall Act

Remember who owns and control the media in the USA, the UK, Israel, and Europe.  There are VERY few SOURCES of news and they are in the hands of the few.  The rest are just puppets and pundits supporting the Federal Reserve's infinity easing program, designed to inflate the assets held by their charter member banks.

Now they are speaking out AGAINST bank regulation, which must mean IT WILL WORK!



Old Glass-Steagall Worked. New One Won't.

Bloomberg
The U.S. financial system of the mid-20th-century had positive qualities that we should seek to restore, but the separation of commercial banks from securities dealers isn't one of them. Advocates of bringing back the so-called Glass-Steagall act of ...
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Senate Glass-Steagall revival 'noise,' research firm says
MarketWatch (blog)
While the analysts don't see the modified Glass-Steagall Act getting traction, that doesn't mean they see curtains for bank reform. Their cases in point: likely adoption later this year of proposed minimum leverage ratio requirements, and the ...
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Fed's Tarullo says Glass-Steagall return not high on his list
Reuters
Glass-Steagall proponents say a firewall is needed to prevent risk taking Wall Street firms from relying on backstops such as the Fed's discount window when they get in trouble. Warren said regulators fell down on the job by allowing Glass-Steagall to ...
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A new Glass-Steagall won't prevent another financial crisis
Fortune
FORTUNE -- When banks behave badly, leave it to the Glass-Steagall Act to save the day. Such has been the mantra in the years following the 2007-2008 financial crisis -- the latest from U.S. senators Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.).
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Inside Glass-Steagall's Latest Comeback Attempt
MarketMinder
Freshman Senator Angus King, one of three senators aiming to revive Glass-Steagall. Photo by Allison Shelley, Getty Images. Last Thursday, Senators Elizabeth Warren (D-MA), John McCain (R-AZ) and Angus King (I-ME) proposed a new bill to the Senate ...
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Daniel Tarullo questions return to Glass-Steagall
Politico
Daniel Tarullo said Monday that the repeal of Glass-Steagall in 1999 was not a major factor in the 2008 financial crisis and that putting it in back in place would not necessarily address the current threats to the financial system, such as banks ...
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FDIC's Hoenig Defends Warren's Glass-Steagall Act
ValueWalk
The Vice Chairman of the Federal Deposit Insurance Corporation (FDIC) has vigorously defended the reenactment of parts of the Glass-Steagall act sought by Senator Elizabeth Warren, along with other prominent members of the United States upper house.
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Daniel Tarullo questions value of return to Glass-Steagall
Politico
Last week the senators introduced what they are calling a modern day Glass-Steagall Act, arguing that Wall Street banks still pose a threat to the economy and taxpayers because they take too many risks risks and that the banking business should return ...
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Glass-Steagall II: If It's Not Fixed, Break It
Yahoo! Finance (blog)
Which is why the cynical idiocy of Glass-Steagall II as it's being called is so disheartening. Proposed by a bipartisan group of four Senators including Democrat Elizabeth Warren and Republican John McCain the new Glass-Steagall would force a ...
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Fed official doubts wisdom of returning to Glass-Steagall law
MarketWatch (blog)
In an interview Monday morning, Fed Governor Daniel Tarullo, the central bank's point man on bank regulation, said putting Glass-Steagall back in place would not address the current threats to the financial system, according to a report by Politico ...
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Monday, July 15, 2013

VIDEO Collection on #GlassSteagall - The banking legislation to take back America from the banking oligarchy

Watch and learn.  Reach out and talk to people.  Don't be fooled by the red herring stalling tactics bankers have been using for decades.  Things have gotten worse since 2008 - now the Federal Reserve is covering for the bankrupt bankers better than ever before, and NO ONE is AUDITING the Fed.

This is financial socialism.  They privatize the gains and socialize the losses.  It is also theft. Racketeering. Market rigging.  Cartels fixing prices to keep out non-cartel members.  They are creating a stateless corporate behemoth similar to IG Farben of World War II.  They circumvent, break, bend, and ignore our laws while sticking us with austerity, and the loss of liberty.

This is not a left, right, or center issue.  This is an issue for the 99% because the 1% are making the rules.




Sunday, July 14, 2013

What's the connection between Agenda 21 and the Terrorist Attacks on 9/11? Democrats Want to Know

DEMOCRATS  AGAINST  U. N.  AGENDA  21 - OK, So what is Agenda 21? And why should I care? Part 1




What's the connection between the seemingly random topics? Agenda 21 and the tragedy of 9/11?

You figure it out.

http://www.ae911truth.org/

World Trade Center Building 7 Demolished on 9/11? | AE911Truth

http://www.ae911truth.org/






Governor Brown and the New World Order? Obama and the Anglo American Establishment?


Ok California Democrats.  You think your party is so clean and here is proof that your so called leaders are betraying their campaign promises, even when everything is in their favor.

First, read this article about Govenor Jerry Brown and the death penalty in California.

Isn't this saying that Govenor Jerry Brown condones the death penalty? Does it say more? Aren't Democrats generally opposed to the death penalty or is that nonsense?



Now read this book.  It's only 1300 hundred pages.  But it is MUCH MORE VALUABLE than the Affordable Care Act.



Speaking of the Affordable Care Act, have you heard of Agenda 21? Are they related? Part of the overall plan the oligarchy has for us? Boy would I like to see the libraries of the rich and infamous that have been manipulating us from the start.

If you are not past the left right paradigm by now, then you have a long way to go.  And we are not building extra lifeboats for you idiots.

Shit.  I hope I an make my own financial and physical "lifeboat" to survive the next economic shit storm because its going to be a DOOOSSYYY!

Or were you still unaware that the economic data is manipulated.  We have no frickin idea who owes who what.  It's all on their computers at the NSA.  Every contract known to man.  But it is completely unorganized.  They have to put 1 person on every investigation for months at a time.  Don't worry. They are not coming for you.  Their coming for your money.  Your credit.  Your pride.  Sometimes, when Obama is in charge, they come with drones and helicopters and take you out like Osama Bin Ladin.  (Except he was read when Obama got him, learn more about that latter.)

On the other hand I could be making this shit up.

Enjoy.

Here's the script for the next episode of season of "Lifestyles of the Rich and Infamous" #NSA #Funny

I have a theory.  That it could be proven the United States of America is operating not under a capitalist constitutional republic, but as a corporation, hell bent on achieving enormous profits, no matter what the cost.  Not just the economic cost but the human, environmental, and social cost.

I think I can prove that theory with the scientific method.  And propaganda, evidence, proof.

Using Hollywood films and alternative media to explain how the world really works in terms of its current financial and legal model (an order) and how it will work in the near future - which is yet to be determined - its a gamble between a reasonable transition, total collapse, organized chaos, unorganized chaos, total revolution, or total armageddon.  Either way there is pain.

I can't do this alone so I need other smarter people around me to contribute their opinions.

The "Twisted Times Daily" will become the daily newspaper for those that wish to end up on the better side of the new world order.  Pay attention so as they markets begin to move with the same rhythm you will know its us making the difference.  Then you will be convinced that a tightly linked network of power mongers and manipulating our nations against each other in order to create a one world government, under them.  Some of these same families have been involved, some of the same companies have been involved, and some of the same people have been involved.  Profiteering on war and misery.  And you just sit there.  Well, this lady didn't.  Joan Veon is a muckraker journalist like Ida Tarbell and you don't even know who they are.  Shame.  You've got a lot to learn before they stop taking advantage of you.

 

Who is Joan Veon and what is Agenda 21 and who wrote this playbook, these games, the great distractions and most importantly... why?

Why is she being censored?

Who has the power to censor YouTube accounts? Google? Or their paymasters? Corporate conspiracy to obstruct justice by occulting knowledge, the truth, the real casus belli of every war we've been in since the War for American Independence.  That we are opposed to a wicked and sinister oligarchy that censors what we say, and writes everything we write onto a set of hard drives in Bluffdale UT at the NSA station that is being built to monitor and control our entire economy, culture, and lifestyles.  It is being built in fact by some of the very same families that we fought for, against, under, whatever.  They've been manipulating us into WAR around the world and our soldiers and a set of loosely linked global mercenaries working for the CIA and the CFR have us by the balls.  They control the military industrial complex, they control our government, they control major corporations from all over the world, so they control our resources, our time, our economies, and our mental and physical health.

This cannot be denied.  From Monsanto to British Petroleum to Microsoft, AIG, Goldman Sachs, JP Morgan, Morgan Stanley, Bank of America, the Federal Reserve System, the World Bank, The International Monetary Fund, the Bank of International Settlements, to ChexSystems, Silver Stream, PRISM, PROMIS, Arthur Anderson, ENRON, AT&T, IT&T, and all the other great hardware and software technology companies and services have participated in this big pyramid scheme, the chemical and financial warfare.  Some to a great degree than others and some without their knowledge.  But some of them are guilty bastards and I want to know who they are so they can pay for the crimes and so we can get answers.

The currency wars and trade wars, global debt, global austerity, global war, and record profits are intricately linked.  The players are writing the rules and then forcing us to abide by them.  They write our LAWS.  They are lawyers, bankers, accountants, and technical consultants to the NSA, like Edward Snowden.  He was one of them.  Probably a entry level guy.  He got sick of what he saw and decided to go out into the spotlight.  Or, some people decided they could profit off of making him highly visible.  Meanwhile all kinds of other important shit is going on in the world and you are completely distracted.

Their weapons of mass distraction typically lead to the usage of weapons of mass destruction.

The terrorists are WHOEVER they SAY they ARE!  That could be you or me next since we apparently don't buy into this mainstream nonsense.  Right? I mean. You don't believe that nonsense that spews out the mouths of Rachel Maddow, Rush Limbaugh, Barack Obama, John Boehgnor, Harry Reid, Nancy Pelosi, etc do you? Or do you? Or which do you believe or do you even care? Do you know who they are, who they work for? And yet you listen to what they say as gospel.

Do you listen, read, or converse with the alternative voices of america, or do you just glimpse at the headlines and first paragraph of that mainstream nonsense, like the New York Times, The Wall Street Journal, the USA Today - that shit you read at Starbucks.  Its worse for your mind than drugs. With drugs, you can change your mind.  With weapons of mass distraction, the media can drive a nation mad and even drive them to war.

Their version of the story always end up in the history books because they always win.  Until 1776.

The answer to 1984 and the Brave New World is 2013.  And his name is #GlassSteagall.







Friday, July 12, 2013

Spanish Bank(Bankia) Scandal Wipes Out Savers - Cyprus BailIn #GlassSteagall

Spanish Bank(Bankia) Scandal Wipes Out Savers - Cyprus BailIn #GlassSteagall

Wow.  Im impressed.  The New York Times produced something worthy of sharing.  A half truth.  It's a start.






Financial Revolution Begins with Glass-Steagall and Public Banking

Watch this and think about the control the banking oligarchy has over the world.



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"From Dictatorship to Democracy" by Gene Sharp:
http://thepiratebay.sx/torrent/683367...

twistedpolitix
  • Additionally in order to DECENTRALIZE financial power, we must pursue PUBLIC BANKING as supported by the Public Banking Institute, by replicating publicly owned State banks, like the one in North Dakota. Proposals for this have been reviewed in many State senates. Ellen Brown has recently published a book on public banking.
    We must localize more of our economies, our markets, in order to strip the power elits of their centralized warmaking machine.
     · 
  • twistedpolitix 
    The financial aspect of this revolution may begin with reinstating Glass-Steagall. For more info on that, google "More Hope Than Tragedy if Glass-Steagall is Passed". It currently sits on the docket in Congress and the Senate. There are over 60 co-sponsors.
    Most importantly, it will break up the big banks and eventually the Federal Reserve System that have been financing the global false flags, war on terror, war on drugs, the military industrial complex, and more.

Wednesday, July 10, 2013

Bastardized Capitalist System is Ready for Collapse



Blue Pill

Read Paul Krugman and watch mass media and continue to believe that our great leaders are doing everything they can to put the country back on the right track.  It's a long hard process.  No one is to blame.  There are rogue CIA and rogue NSA and rogue bankers, but they are rare exceptions.  Nothing to see here.  Just keep paying your taxes and stay entertained.

Red Pill

Every single market is being massively manipulated by an elite organized crime cartel.  The challenge is that it is so vast, so expansive, so subtle, and so well masked that very few people can see the Wizards behind the curtain.

These guilty bastards manipulate our markets, our policies, and our lives, driving us to war with each other and profiting all along the way.

Keep reading and researching alternative media.  You will be disgusted with what you find and there is enough to keep you occupied for years, but at least you will know the truth, and will be able to take action according to your conscience.


Via Jim Quinn's Burning Platform blog (authored by Paul Rosenberg of FreemansPerspective blog),
Let me be blunt: Our capitalist system is approaching failure.
Or, perhaps better said: Our marginally capitalist, partly-free market systems are approaching a massive collapse.
Not because of what capitalism is, mind you, but because the powers that be have bastardized it.
Capitalism can bear many distortions and abuses, but it is not indestructible.
And, make no mistake, the ‘capitalist’ system we have today has been massively corrupted, so much so that it’s sagging under the load... and will continue to do so until the proverbial straw breaks its back.

The 9 Plagues

1. The average producer is being stripped bare. In the US, for example, the total take of taxes has not risen dramatically, but fewer and fewer people actually pay them. There was a big uproar during the last election cycle over the fact that 47% of working-aged Americans paid no income tax. That means that the half who do work (read suckers) are paying the whole. And more than that, they are also paying for the many millions who are on food stamps and disability. Producers are being punished and abused, made into chumps.

2. Thrift is essentially impossible. I’ve explained this in detail previously, but a hundred years ago, it was possible for an average person to accumulate money. Mechanics, carpenters, and shop owners slowly filled their bank accounts with gold and silver. It was common for them to make business loans and to retire comfortably. But now, all of our surplus is drained away to capital cities, where it is poured down the drains of welfare, warfare, and political lunacy. Money has been removed from the hands that made it, and moved into the hands of non-producers, liars, and destroyers.

3. In 2008, US federal government regulations cost an estimated $1.75 trillion, an amount equal to 14 percent of US national income. Let me restate: Simply complying with regulations costs American businesses more than $1,750,000,000,000 (that’s $1.75 Trillion) every year. This, again, is money taken out of production and wasted on political lunacy.

4. Small businesses are being squeezed out. Take a look at the two graphs below, and understand that as small businesses are squeezed out, only the large corporations remain. These days, only the largest and best-connected entities are able to get their concerns dealt with (by the politicians they fund). Small operations are cut off from the redress of their grievances and are crushed by taxes and regulation. And don’t forget the comments of Mussolini:

Fascism should more properly be called corporatism, since it is the merger of state and corporate power.

While there may be no dictator, state/corporate partnerships are taking over commerce in the West.
Freeman's Perspective
Freeman's Perspective

5. The military industrial complex is out of control. Their lobbying, fear-mongering, and spending can only be characterized as obscene. Dwight Eisenhower was right when he warned us about this in 1960. It is sad beyond measure that so few Americans took him seriously. Trillions of dollars and millions of productive lives are being spent on the war machines of the West. Never forget that wars destroy massively and produce nothing.

6. All the Western nations now feature large enforcer classes, composed of bureaucrats, law enforcement units, inspectors, and so on. In the US alone this amounts to several million people – none of whom produce anything, and all of whom restrain producers from producing. Millions of people are paid to restrain commerce.

7. We now have a very large financial class in which blindly aggressive people make millions of dollars. The problem is that finance is not productive. It may allocate money in beneficial ways (though it often allocates mainly to itself), but it doesn’t actually produce anything. At present, the allocators get the big bucks, and the producers get scraps.

8. The modern business ethic has become about acquisition only. In more enlightened times, it was also about creating benefit in the world, or at least creating newer and better things. Mere grasping is an insufficient philosophy for capitalism; it leads to dark places.

9. Every nation on the planet is using play money and forcing their inhabitants to use their play money.Moreover, they have super-empowered a small class of Central Banking Elites, who make fortunes on their currency monopolies, and who are entirely unknown to the producers who unwillingly (and unknowingly) purchase jets and yachts for them. Our money systems have brought back aristocracies; a class that is both hidden and immensely powerful.

So What’s Next?

That’s up to the producers. Everything hinges upon them. The game, as it is, depends entirely on them being willing to accept abuse.
All that is necessary to fix this is for the producers to stop being willing victims. Simple, I know, but there is a problem with such a sensible idea:
The producers are convinced that their role in life is only to struggle and obey.
Modern producers believe that the ruling classes have a legitimate right to tell them how much of their money they are entitled to keep, which charity causes they’ll be forced to contribute to, which features their car is required to have, and much, much more. Why? Simply because those other people are in “high positions,” and they (the producers) are in “low positions.” An evil assumption has been planted in their minds:
It is right for important people to order me around.
The productive class holds all the real power, but they are nearly devoid of moral confidence. So, they are abused without end.
Right now, a parasitic ethic rules the West and will continue to rule so long as producers play the part of the suckers. If this continues, what remains of capitalism will grind to a halt and will be overrun by a Neo-Fascist arrangement – not the dictator and swastika variety – but one where the state and powerful business interests merge into one unstoppable and insatiable force.
On the other hand, if ever the producers wake up from their moral coma and reject the role of doormat, they will build a society embodying the ethics of production. It almost sounds impossible, I know. But it is has happened before and could happen again.


It’s up to us.