America Is Not Broke

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“For us to admit that we have let a small group of men abscond with and hoard the bulk of the wealth that runs our economy, would mean that we’d have to accept the humiliating acknowledgment that we have indeed surrendered our precious Democracy to the moneyed elite. Wall Street, the banks and the Fortune 500 now run this Republic — and, until this past month, the rest of us have felt completely helpless, unable to find a way to do anything about it.” — Michael Moore

“400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer “bailout” of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can’t bring yourself to call that a financial coup d’état, then you are simply not being honest about what you know in your heart to be true.” — Michael Moore

EDITORIAL ANALYSIS: Michael Moore GETS IT! He understands that what happened was political, not economic. It was theft and a grab for power that worked. And he understands that “we the people” in the preamble of our great  Constitution of the United States of America together with the 9th Amendment to that great instrument of human rights, that we THE PEOPLE have the right to take back both the power and the money.

AND that is because, as Thomas Jefferson said, that when in the course of human events” it becomes necessary for the people to act to break the bonds of governance and reinstate the rule of law, we have the right to do it. And in this great country we have every right and obligation to do it without changing our form of government or even resorting to violent revolution. We need only the will to take the streets because we mean it and to start voting and acting like we are in charge, to give up fear as our prime motivator and replace it with hope.

Just because Wall Street has TAKEN the money and the power doesn’t mean we are required to let them keep it. The framers of our government meant for us to correct imbalances of power, high crimes, misdemeanors and other criminal acts and to enable people to get fresh starts and to deprive freedom to those who commit sins against our humanity and our society, committing them to imprisonment, fine and forfeiture —- just like any little guy.

Michael Moore
Oscar and Emmy-winning director

 

America Is Not Broke

Speech delivered at Wisconsin Capitol in Madison, March 5, 2011
America is not broke.

Contrary to what those in power would like you to believe so that you’ll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It’s just that it’s not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.

Today just 400 Americans have more wealth than half of all Americans combined.

Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer “bailout” of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can’t bring yourself to call that a financial coup d’état, then you are simply not being honest about what you know in your heart to be true.

And I can see why. For us to admit that we have let a small group of men abscond with and hoard the bulk of the wealth that runs our economy, would mean that we’d have to accept the humiliating acknowledgment that we have indeed surrendered our precious Democracy to the moneyed elite. Wall Street, the banks and the Fortune 500 now run this Republic — and, until this past month, the rest of us have felt completely helpless, unable to find a way to do anything about it.

I have nothing more than a high school degree. But back when I was in school, every student had to take one semester of economics in order to graduate. And here’s what I learned: Money doesn’t grow on trees. It grows when we make things. It grows when we have good jobs with good wages that we use to buy the things we need and thus create more jobs. It grows when we provide an outstanding educational system that then grows a new generation of inventers, entrepreneurs, artists, scientists and thinkers who come up with the next great idea for the planet. And that new idea creates new jobs and that creates revenue for the state. But if those who have the most money don’t pay their fair share of taxes, the state can’t function. The schools can’t produce the best and the brightest who will go on to create those jobs. If the wealthy get to keep most of their money, we have seen what they will do with it: recklessly gamble it on crazy Wall Street schemes and crash our economy. The crash they created cost us millions of jobs.  That too caused a reduction in revenue. And the population ended up suffering because they reduced their taxes, reduced our jobs and took wealth out of the system, removing it from circulation.

The nation is not broke, my friends. Wisconsin is not broke. It’s part of the Big Lie. It’s one of the three biggest lies of the decade: America/Wisconsin is broke, Iraq has WMD, the Packers can’t win the Super Bowl without Brett Favre.

The truth is, there’s lots of money to go around. LOTS. It’s just that those in charge have diverted that wealth into a deep well that sits on their well-guarded estates. They know they have committed crimes to make this happen and they know that someday you may want to see some of that money that used to be yours. So they have bought and paid for hundreds of politicians across the country to do their bidding for them. But just in case that doesn’t work, they’ve got their gated communities, and the luxury jet is always fully fueled, the engines running, waiting for that day they hope never comes. To help prevent that day when the people demand their country back, the wealthy have done two very smart things:

1. They control the message. By owning most of the media they have expertly convinced many Americans of few means to buy their version of the American Dream and to vote for their politicians. Their version of the Dream says that you, too, might be rich some day ˆ this is America, where anything can happen if you just apply yourself! They have conveniently provided you with believable examples to show you how a poor boy can become a rich man, how the child of a single mother in Hawaii can become president, how a guy with a high school education can become a successful filmmaker. They will play these stories for you over and over again all day long so that the last thing you will want to do is upset the apple cart — because you — yes, you, too! — might be rich/president/an Oscar-winner some day! The message is clear: keep your head down, your nose to the grindstone, don’t rock the boat and be sure to vote for the party that protects the rich man that you might be some day.

2. They have created a poison pill that they know you will never want to take. It is their version of mutually assured destruction. And when they threatened to release this weapon of mass economic annihilation in September of 2008, we blinked. As the economy and the stock market went into a tailspin, and the banks were caught conducting a worldwide Ponzi scheme, Wall Street issued this threat: Either hand over trillions of dollars from the American taxpayers or we will crash this economy straight into the ground. Fork it over or it’s Goodbye savings accounts. Goodbye pensions. Goodbye United States Treasury. Goodbye jobs and homes and future. It was friggin’ awesome and it scared the shit out of everyone. “Here! Take our money! We don’t care. We’ll even print more for you! Just take it! But, please, leave our lives alone, PLEASE!”

The executives in the board rooms and hedge funds could not contain their laughter, their glee, and within three months they were writing each other huge bonus checks and marveling at how perfectly they had played a nation full of suckers. Millions lost their jobs anyway, and millions lost their homes. But there was no revolt (see #1).

Until now. On Wisconsin! Never has a Michigander been more happy to share a big, great lake with you! You have aroused the sleeping giant know as the working people of the United States of America. Right now the earth is shaking and the ground is shifting under the feet of those who are in charge. Your message has inspired people in all 50 states and that message is: WE HAVE HAD IT! We reject anyone tells us America is broke and broken. It’s just the opposite! We are rich with talent and ideas and hard work and, yes, love. Love and compassion toward those who have, through no fault of their own, ended up as the least among us. But they still crave what we all crave: Our country back! Our democracy back! Our good name back! The United States of America. NOT the Corporate States of America. The United States of America!

So how do we get this? Well, we do it with a little bit of Egypt here, a little bit of Madison there. And let us pause for a moment and remember that it was a poor man with a fruit stand in Tunisia who gave his life so that the world might focus its attention on how a government run by billionaires for billionaires is an affront to freedom and morality and humanity.

Thank you, Wisconsin. You have made people realize this was our last best chance to grab the final thread of what was left of who we are as Americans. For three weeks you have stood in the cold, slept on the floor, skipped out of town to Illinois — whatever it took, you have done it, and one thing is for certain: Madison is only the beginning. The smug rich have overplayed their hand. They couldn’t have just been content with the money they raided from the treasury. They couldn’t be satiated by simply removing millions of jobs and shipping them overseas to exploit the poor elsewhere. No, they had to have more ˆ something more than all the riches in the world. They had to have our soul. They had to strip us of our dignity. They had to shut us up and shut us down so that we could not even sit at a table with them and bargain about simple things like classroom size or bulletproof vests for everyone on the police force or letting a pilot just get a few extra hours sleep so he or she can do their job — their $19,000 a year job. That’s how much some rookie pilots on commuter airlines make, maybe even the rookie pilots flying people here to Madison. But he’s stopped trying to get better pay. All he asks is that he doesn’t have to sleep in his car between shifts at O’Hare airport. That’s how despicably low we have sunk. The wealthy couldn’t be content with just paying this man $19,000 a year. They wanted to take away his sleep. They wanted to demean and dehumanize him. After all, he’s just another slob.

And that, my friends, is Corporate America’s fatal mistake. But trying to destroy us they have given birth to a movement — a movement that is becoming a massive, nonviolent revolt across the country. We all knew there had to be a breaking point some day, and that point is upon us. Many people in the media don’t understand this. They say they were caught off guard about Egypt, never saw it coming. Now they act surprised and flummoxed about why so many hundreds of thousands have come to Madison over the last three weeks during brutal winter weather. “Why are they all standing out there in the cold? I mean there was that election in November and that was supposed to be that!

“There’s something happening here, and you don’t know what it is, do you…?”

America ain’t broke! The only thing that’s broke is the moral compass of the rulers. And we aim to fix that compass and steer the ship ourselves from now on. Never forget, as long as that Constitution of ours still stands, it’s one person, one vote, and it’s the thing the rich hate most about America — because even though they seem to hold all the money and all the cards, they begrudgingly know this one unshakeable basic fact: There are more of us than there are of them!

Madison, do not retreat.  We are with you. We will win together.

Follow Michael Moore on Twitter: MMFlint

 

28 Responses

  1. I don’t think Michael Moore was ever a nut case. I think we are the ones who are now affected so we see things differently. We now see what he saw back when everyone was calling him a nut job. It is all of us who are now included among the ranks of Americans who have been screwed by their own gubamint.

    And, as far as Neil Garfield is concerned . . . . . you can insult my mother all you want, but please do not insult Mr. Garfield. He has helped us all more than the gubamint and even more than our own attorneys. He imparts free knowledge.

    Neil Garfield, Michael Moore, Elizabeth Warren, and many others are heroes.

  2. Ian,

    YES. And, TILA Amendment says — up to CREDITOR — not Servicer to comply with requirements.

    angry &NOT TAKING IT,

    Problem is AG authority — they have little — and this is demonstrated by the proposed “Settlement.” Authority lies with OCC and FTC – currently. However, some will be shifted to Consumer Protection Agency — specifically TILA and RESPA violations. Okay — so we have TILA Amendment violations – not acknowledged by the “Settlement” — But, CPA does not come into authority until July of this year. Who set this settlement up before CPA authority kicks in??

  3. I normally don’t give Michael Moore too much credit, because of the total affront that was “Fahrenheit 911.” But his comments here are right on. Probably because he’s not one of the 400 wealthy elite he speaks of, and so now the “handwriting on the wall” includes him, too.

    Whatever it takes, I guess.

  4. ANONYMOUS
    please go to this link & tell the EX-LA City criminal attorney how the DA can determine the vampires KNEW before hand about the robo signed county records.
    thanks!!!!

    http://www.foreclosurehamlet.org/forum/topics/where-is-fraud-not-criminal?commentId=4164911%3AComment%3A42329&xg_source=msg_com_forum

  5. I agree with Mad as Hell if we don’t do something and very soon life as we know it will come to an end.We are the descendants of Rebels who were not afraid to stand up for themselves and what they believed in,for us to do anything less is going to be where they win and we lose.It’s a pretty simplistic outlook but a truth that needs to be faced none the less.Do you know that in our public school system they do not even teach the Consitution anymore? It is considered to be passe.So do we let them win or do we take back our country?

  6. ANONYMOUS- but the borrower is still entitled to know the creditor name,address & ph.# under 2009 Tila Amendment,which is now law. I see what they are doing, or trying to do. They are redefining this as a servicer obligation rather than a lender/creditor obligation.

  7. PHAROAH LET MY PEOPLE GO.
    THE GREEDY BANKS WILL NOT ACCEPT THIS PROPOSAL. THEY WILL THEN GET A MUCH TOUGHER PROPOSAL LATER.

    NEVER AGAIN

  8. Servicers are not required to identify the Current creditor on whose balance sheet the collection rights currently lie. Useless.

  9. AG agreement? Stop breaking the laws, please?

    This is worse than expected. There is no hope for Amerika. And Walsh already wants the OCC to dilute this insane so called settlement.

    The AGs basically are pleading with the servicers to play nice…can’t we all just get along?

    Call your AG and use profanity.

  10. edgetraderplus–right on target!!!
    some of my research tells-
    the history of The US Gov
    1st international bankruptcy 1789
    2nd international bankruptcy 1859-
    3rd international bankruptcy 1929
    4th international bankruptcy or put into receivership 1946.
    So a big NO thanks for the all the history [fairy-tales] lessons we all learned in school…..
    oh yea.. all the alphabet soup agencies are separate businesses from the the gov .
    Thanks to FDR’s NEW DEAL & for the administrative procedures act!!
    we’ve been lied to the entire time re- OUR GOV.the us corporation ….FAIL!

  11. These Florida firms are at the forefront of the foreclosure fraud fight; Jacqulyn Mack, Save My Home Law Group, Campbell Law, Hill Mortgage Consulting, Ricardo, Wasylik & Kaniuk, PL, Melva Rozier, PA, & Carey Law Group PA. Thy sponsor the buses to the Rally in Tallahassee Florida.

    If you can’t come to the Rally in Tallahassee , please support the Rally by e-mail and call the Law Maker on March 9 to express your support for the Rally and request them vote against SB 1288 and HR799. Demand more funding for the Courts.

    Senators contact list link : http://www.flsenate.gov/Senators/

    Representatives contact link : http://www.myfloridahouse.gov/sections/representatives/representatives.aspx

    The Florida Bankers tried to change Florida to a non-judicial foreclosure state making it fast and easy to take a family’s home. We stopped that last year, but the bankers are back trying to slide a non-judicial process in under the guise of starting with commercial foreclosures only (SB1288, HR799) We’ve seen this trick before.

  12. The problem is that it is never enough, tax the rich, the 400 richest go ahead. Will it pay everything off? this time? what about next??you are treating a symptom, and not the disease which is government itself and it’s system of taxation and lobbying. If lobbying, by the corporations, is bad then what about the unions and what they do?Until we stop the political elites from running their scam on us we will never be free. Until we kill the fed and stop borrowing our own money, which debt can never be paid of btw, we will forever be in servitude.

  13. This is great!! You should let people know that they have to Challenge Their Lender. If they don’t take action, no one will do it for them.

  14. You must Challenge Your Lender in order to verify what they can do. Your lender may have done an incorrect assignment on your mortgage note from the inception of the loan. All you have to do is see what is recorded on your property at the County Recorder’s Office to see what they did with your loan. If you don’t take action, no one will. Go to http://www.ChallengeYourLender.com/ to see what you can do.

  15. Zoe I had the same thoughts.
    And yes UsedKarGuy I think Michael Moore is a nut. But unfortunately his nutty comments are sounding more and more real. That is whats so sary.

    G-D BLESS AMERICA

  16. Dear Patrick,

    Unfortunately for you at least, unless youy do get a big fat check from the criminal elite in Wall Street, we are behind Mr Garfield and his approach, he has done this for the most part volutarily and that is the opposite to what the banksters, their criminal lawyers and corrupt bought out politicians have to compare to.

    Yes it is true the USA allegedly owes 13 trillion dollars, but no one has bothered to come out and give the American people a copy of the spread sheet, naming all the alleged creditors.

    If we have to come to a conclusion, we would have to say that about 40 years ago, the UNITED STATES OF AMERICA stopped being a free country and its pepople frredom fighters. We have supported dictator and criminals in exchange for oil. We have develop mass destruction weapons and paid trillions of dollars to the military industrial complex.

    And of course now that we are a “SERVITUDE ECONOMY” we live with “borrowed money. We havd sent our good jobs to other parts of this world because we were sold we were not able to compete with the Japanese, we gave our know how, our machinery to Mexico, Chine, Taiwan, and who ever comes along selling us slave wages labor.

    The bankers, have been issues debt instruments, have been printing money, through the federal reserve of which they are share holders and cashed out all their chips in the process.

    Yes, Patrick on paper it may look like we THE USA may be broke. But to whom do we owe this money??????????

    Can you or any one of these corrupt politicians, bankers, lawyers, and corporate raiders bother to tell us the truth??????

    Or will they continue to treat us like the mindless frogs they have been treating like.

    As far as I am concerned, the illegal aliens, never issued a bond, or securitized a mortgage, or sold some bogus software product, or send a job to Beijing China.

  17. My life has been scary for many months, just waiting for someone to break into my house and take my stuff or for the servicer to throw me to the street. But when I agree with Michael Moore, now, that’s really scary!

  18. Patrick Pulatie what is your motivation?

    If you represent a bank or investment firm, please call Patrick, the CEO of Loan Fraud Investigations, at 925-238-1221. He can assist you. …

    By the way I like your comments it gives us insight as to how the Banksters look at things.

    The sad part is that you are on the wrong side of history.

    NEVER AGAIN.

  19. Michael Moore has does not have to donate his money to pay down the Virtual Debt. And why would he donate money to people who stole our money?

    We should buy or attend more of his movies so
    The Extremely Talented and Patriotic and Hero Michael MOORE CAN MAKE MORE MOVIES AND COUNTER THE PROPOGANDA OF THE SON OF WHORES BANKSTERS AND THE POLITICIANS AND JUDGES.

    NEVER AGAIN

  20. New research out on the deficit — spending cuts alone will not fix — need equally increase revenue – i.e. — TAXES.

    People struggling to get or keep jobs and homes — cannot pay anymore. This means higher taxes on the wealthy. Not going to happen — Obama could not even stop extension of Bush tax cuts for wealthy.

  21. “No one senior in the Justice Department or administration appears to be seriously upset about this. These felonies were committed by, or at the direction of, MERS “officers” – and MERS does not appear to be seriously upset about fraudulently foreclosing on the homes of tens of thousands of Americans. I study fraud by elites, and even I am stunned by the frequency and nature of the frauds and felonies and the lack of prosecutions and the overall blasé attitude by CEOs to the fraud and felonies. ”

    http://neweconomicperspectives.blogspot.com/2011/03/unanticipated-consequences-of-mers.html

  22. Couldn’t agree more with Michael on this one, after seeing much of the world I have always believe we all live in the GREATEST land on the entire planet , over time however it has been accumulating quit a bit of leeches that are sucking the life and wealth out of us all, with some stupid threats and manipulating the “news” that get to us “the little people” so they think. All these thieves are trying to steal our great nation right from under us!!!! shameless bastards!!. The strength in the hearts of all true Americans is indeed the most powerful tool and trait we have, our souls may be bruised but our pride remains intact and our uncanny love for freedom it’s regaining it’s shape, something the thieves didn’t account for.
    This may be one of the darkest times in our history, however looking back, darkest moments have always brought the best out of all American hearts.

    Our indomitable and beautiful America shall live and be free forevermore!!!

  23. Nice class warfare piece….doesn’t have anything to do with mortgage fraud…edgetraderplus has it exactly right. Unless M.Moore is talking about only bankers then he is being disingenous at best. I really do not think you can say that the people who are not out of work and are being paid off the backs of those of us who work in the private sector with ever increasing taxes, are standing up for freedom. I am not free if i have to pay more and more of my money to give way better than I can get salaries and benefits to government workers. By Moore’s reasoning, you could also say we are not broke because we could tax foreign governments because we give them aid…

  24. People,

    When Garfield tells you how Michael Moore “gets It” and that the US is not broke, it should tell you much about Garfield’s motivations.

    There is no doubt that the US is broke. $13trillion in debt. And that does not include Unfunded liabilities like SS and other programs. That is greater than $50T.

    Perhaps Garfield and others think that taking the money from the rich will solve that problem. Yeah, right.

    And Michael Moore, why doesn’t he donate his own money to pay down the debt?

    Hyprocrisy!!!!

  25. Monday 7 March 2011

    No American is not broke,, it has been bankrupt since 1933 when FDR shut down the banking system to allow the NWO coup of putting its private corporation, the Federal Reserve in complete control of the money supply. It then proceeded to call back and destroy all US Notes, backed by gold and silver, and replaced same with Federal Reserve Notes, which in reality are debt instruments, NOT “dollars,” despite the word appearing on the debt instruments.

    Public has bought it hook, line, and sinker.

    Michael Moore, and most of the public, do not know their own history…

  26. RIGHT ON, MICHAEL!

    HOW CAN WE, THE DESCENDANTS OF REBELS, SIT BACK AND NOT JOIN WITH THE REBELS IN LANDS THAT NEVER KNEW REBELLION? WE CAN’T LET THEM CARRY ON THIS FIGHT WITHOUT US!
    WE STARTED THE FIGHT FOR FREEDOM,
    LET’S FINISH WHAT OUR ANCESTORS STARTED 235 YEARS AGO!

  27. I was hoping you’d post this!

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