During a closed session at a Pace University forum last weekend, Lerner divulged his plan to seize back the trillions stolen by big banks through a series of actions designed to “destabilize” financial markets.
“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,”reports Business Insider.
“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.”
Despite ominous warnings from the likes of Glenn Beck, that Lerner’s comments represent the left’s “economic terrorism playbook” in their bid to “take down capitalism” in the United States, in reality it wasn’t leftist activists or unions that used economic terrorism to oversee the 2008 financial collapse and the subsequent heist in the form of the bailout, it was powerhouse financial firms like JP Morgan, Goldman Sachs, and their allies inside the Bush and Obama administrations.
If we’re talking about “economic terrorists” then look no further than former Goldman Sachs CEO and Bush Treasury Secretary Hank Paulson. The initial $700 billion dollar TARP bailout that was passed in October 2008, which laid the foundation for subsequent unchecked bailouts that eventually soared past the $20 trillion mark, was rammed through on the back of threats of martial law, stock market collapses, and food riots by none other than Paulson himself. This is real economic terrorism, and not just a bunch of SEIU leftists blowing hot air, but Glenn Beck didn’t seem very interested in reporting on it at the time, having been a staunch advocate of the TARP bailout from the very start.
During a conference call on September 19th 2008, around two weeks before the TARP legislation was eventually approved by both the Senate and Congress, Paulson threatened lawmakers with dire consequences if they didn’t pass the bailout.
