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Indybay FeatureRelated Categories: San Francisco | U.S. | Global Justice and Anti-Capitalism
Occupy San Francisco: OccuFed Day of Actions at the Federal Reserve Bank
A rally was held on Monday, December 23 after evening rush hour at the original site of Occupy San Francisco, on the sidewalk in front of the Federal Reserve Bank Building on Market Street at the Embarcadero. The day of events from 3-9PM included a speak out, hear audio below from the first 3 of 5 speakers. The event is part of a year- long campaign being carried out by various Occupy movements across the Country, getting back to one of it’s original objectives, educating the public to the dysfunctional abuses of the Federal Reserve bank and the major corporate banks that own and control monetary policy through it. Today’s event was timed with the 100th anniversary of the private Bank - "100 years too long". (28 minutes)
Occupiers continue wanting everyone to know that the Federal Reserve is actually a private organization owned and controlled by the major banks, which essentially make whatever policies they want to fit their own private profit needs, without any major regulatory oversight. Many Occupiers want the Federal Reserve eliminated completely.
Many in Occupy San Francisco and Occupy Oakland are active in other activist campaigns directly related to chain corporate banking practices in the community, including the strike debt movement and continued actions against forclosures. A proposal was distributed in writing to put one trillion dollars back into the people’s economy by eliminating all outstanding student loan debt. Speakers were not happy with a terribly counterproductive federal policy called Quantitative Easing.
The speakers and others distributing literature gave details on their own views of Occupy, denunciations of Federal Reserve policy, and other related issues. Occupy SF plans to have numerous events on the subject over the next year and reaching out for support.