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Could Obama’s Class Warfare Cause a Run on the Banks?

White House supports ‘Occupy’ movement as part of campaign stunt

Paul Joseph Watson & Alex Jones
Monday, October 17, 2011

President Barack Obama’s public support for the Occupy Wall Street movement, whether welcomed or not by the protesters, represents a clear effort on behalf of the White House to use class warfare as an election campaign tool, but it could lead to a complete financial collapse in the United States.

Could Obamas Class Warfare Cause a Run on the Banks? 6126503 600x338

During a speech to honor Dr. Martin Luther King on Sunday, Obama “offered more support for protesters” according to the Financial Times when he spoke of them favorably for challenging “the excesses of Wall Street”.

In addition, a White House staffer, Principal Deputy Press Secretary Josh Earnest, told a press conference yesterday that Obama will make sure “the interests of the 99 percent of Americans are well-represented on the tour,” which is the first time the White House has invoked a mantra that has become synonymous with the OWS movement.

The Obama administration’s adoption of the “99 percent” slogan is a clear sign that the Occupy Wall Street movement is being exploited as an Obama campaign tool. As ourselves and others predicted weeks ago, Obama will use the demonstrations as a populist gimmick to imply that his political opposition sides with the 1 percent who have contributed to America’s economic decline.

Of course, the disgusting irony behind Obama’s “support” for Occupy Wall Street demonstrators is the fact that his 2008 campaign was financed by Goldman Sachs, JP Morgan, Citigroup and Morgan Stanley, and Obama is even more reliant on Wall Street for his 2012 campaign. Moreover, Obama’s cabinet is stuffed with former Wall Street insiders.

The OWS demonstrators themselves are seemingly split down the middle. Most of them voted for Obama and a significant number are set to do so again next year, despite the fact that his administration has aggressively supported bailouts to banks, the majority of which are not even based in the United States, to the tune of trillions of dollars.

We are now seeing the ‘Occupy’ movement advocate Americans withdraw all their money simultaneously, in an effort to cause a run on the banks. The first such campaign is labeled “Bank Transfer Day,” and will take place on November 5. Banks are already preventing people from closing their accounts, and there were arrests made at a branch of Citibank in New York this past weekend.

Should the White House’s support for the demonstrators embolden them to initiate a successful nationwide campaign for a run on the banks, the subsequent collapse of the banking system would make Lehman Brothers look like a walk in the park. Obama could then blame the demonstrators for the collapse and thereby disguise the fact that it was precipitated by the Federal Reserve’s policy of quantitative easing, which has been fully supported by his administration at every turn.

Rand Paul’s warning that Obama’s rhetoric could provoke the OWS demonstrators into behaving like an unruly mob would represent the perfect pretext for Obama to use the protesters as a scapegoat for America’s financial and social decline.

With Obama lobbying group now moving to completely infiltrate and direct the Occupy Wall Street movement, the Obama campaign will increasingly attempt to align itself with the protesters in a bid to isolate Obama’s political opposition.

The Obama campaign will attempt to mobilize an army of angry Americans into an unwieldy mob by convincing them that Obama is genuinely opposing Wall Street corruption, when in reality his administration’s disastrous policies are the primary reason for America’s economic stagnation.

This cynical ploy not only represents a transparent bid to exploit the frustration of millions of Americans and turn it into a cheap campaign stunt, but it could also threaten to cause a complete collapse of the financial system, a loss of confidence in the dollar, and a run on the banks if Obama’s support for the ‘Occupy’ movement precipitates a massive wave of social dislocation.


Paul Joseph Watson is the editor and writer for Prison He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show.

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