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April 20, 2009

An Open Letter to Our Fellow Citizens,


We are the group that the media has nicknamed ‘modern day Robin Hoods’, whether or not that moniker applies we will leave for you to decide. Last night we destroyed the presses of the Bureau of Engraving and Printing in what shall be our final strike of retribution against the corrupt financial network that has done so much harm to us all. Our goal was not to bring vigilante justice to each and every member of the plutocracy which has defrauded us all, but to express to those in the plutocracy that co-opting the legal system does not guarantee them impunity. ‘We the People’ will not be passive victims. Those in charge must understand we are serious when we say the time is now for fundamental change.

We are not revolutionaries, nor are we traitors; we are patriotic citizens who saw those with wealth corrupting those with power while those who work to maintain the nation suffer the consequences of their amorality. This has always been the case, in every nation, in every period of history; a small group prospers off the effort of the rest of the population. The problem is not capitalism, socialism, liberalism, conservatism or any other –isms.

The problem is that while this nation is philosophically “of the people, by the people, and for the people,” those who control the money are those people. Let us be clear, this is not some vast villainous conspiracy where mustachioed men sit in back rooms smoking cigars and laughing at the ignorant proletariat they have enslaved. No, this is a system that has developed organically over the centuries and has been allowed to continue due to a willful refusal by us all to conduct any sort of meaningful social self-examination.

Banks and business are in a partnership, naturally, to keep each other strong. Any organization as large as a government has to borrow money for its budget. Even if they have a zero deficit, they borrow at the beginning of the year and pay it off at the end as any business would. Due to their size they will borrow from the largest banks, who will also be partnered with the largest businesses. Which creates a natural partnership of common interests between big business, big banks, and big government in which millions of individual citizens cannot hope to have a serious voice.

That being the case, how do we change the equation to our favor? As a group, the electorate invests more money into the government than any other group. We should have the most influence. However our money is not seen as an investment, it is seen as the government’s for the taking, at whatever numbers the administration of the moment chooses to set. Meanwhile those in government are evaluated only by what they wish to do, not on their performance. Nor are they subject to accountability for their actions when they violate the public trust. This must change.

First, we must assess the value of the United States as if it were a corporation; based on property, income, overhead, etc. We then issue 2 stocks, A and B. ‘A’ stocks are issued to all citizens, are non-transferable, revert to the government upon death, and carry a vote. ‘B’ stocks are the publicly traded stock known as the dollar, and carry no vote. Now every citizen is an equal investor in their nation, and the dollar is backed by real value.

Second, we must change the manner in which we elect our government. We need accountability and we need politicians to receive their rewards on the job, not from lobbyists after they leave office. Politicians will be elected to an office that has no end date, just like any other job. You may retire, quit, transfer, or be fired. Every X number of years the constituency will hold a referendum in which they will choose between a large bonus (e.g. 10%), a small bonus (e.g. 3%), no bonus, or no confidence. The base salary would remain the same unless a referendum changed it. If the majority votes no confidence, an election must be held.

Third, taxes cannot be the sole income of our government, and borrowing from other nations is not an acceptable supplement. This government must find a way to raise money. We do not want the government competing in the private economy either. So we need to legally limit the government to one for-profit business that is logical for us to be conducting as a nation. Therefore, the government will nationalize the import/export business and run it for profit, with the local offices being run as franchises. The security advantages to the government controlling everything coming across the border are obvious. This is a legitimate business for the government to take over because the border belongs to all of us, therefore we should all enjoy whatever profits are made from goods crossing it. This will not replace 100% of taxes, but it will offset them significantly. We also need to change the personal income tax to a value added tax so that people are choosing to pay the amount they can afford when they choose to make a purchase.

Fourth, we must define the role of government in stricter terms so that we know exactly what to expect, and they know exactly what is expected of them. The concept of the Social Contract is that people are willing to sacrifice some degree of their natural sovereignty in exchange for a cooperative effort to guarantee certain necessities. We need to specify what those necessities are for us, and make that the not for profit business of the government. I would envision such a list consisting of; police, fire, EMS, justice, transportation, communication and energy infrastructure, coinage of money, defense of the nation, and healthcare. Whatever list the populace agrees to, it must be specific and the crime of a politician reaching beyond their legal powers should be treason.

All of this can be accomplished with a bill of amendments to our current Constitution. We do not need to start over, or revolt, all we need is to do the one thing that is key to survival… adapt. We all complain about the same problems (accountability, transparency, corruption) and we all know what we expect from the solutions. All that is required is adapting our current system to those expectations. It takes courage to change from what you have always known, but if what you have always known isn’t working... what does it take to stay with it?


Citizen A


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April 14, 2009

OpEd: ‘Robin Hood’ and the Social Contract

Philadelphia, Pa
World Press Association
May 9, 2009


In the wake of the recent attacks by the ‘Robin Hood’ gang, as well as the copy cat attacks around the country, one has to ask us what does all this mean? Clearly there is the most shallow of observations, people are angry. This is not news, nor did it take these attacks to discover either. People have been angry for some time; angry about a government which seems to not hear them, angry about paying taxes without receiving anything in return, angry about fighting wars that seem to have no purpose, and generally angry about living in a country that has seems to have lost its way without finding a new one.

What is so different now that people are willing to turn to away from the system, or praise those who do? Is it simply the feeling of having been robbed? Or is it that the government appears to be in collusion with the robbers? Or perhaps it’s just that our collective welfare appears to depend on the machinations of a few people who don’t really care?

If the Fed had raised interest rates in 2006 when the housing bubble was leveling off, it would have spelled the end for the hedge fund bubble but all the people on subprime loans could have refinanced as they had planned and the mortgage crisis could have been avoided. Since the Fed kept interest rates low, hedge funds kept growing until their inevitable collapse on the heels of the mortgage crisis caused the credit crisis. What’s more, the only reason they were able to offer these subprime loans and hedge fund derivatives is because the last two administrations removed the rules that prevented it. And now Washington tells us they must bailout the very same businesses that did this to our country by having the Fed pour more money into the marketplace.

What’s more is that the same people who hold jobs, and pay their mortgage, and pay taxes, are the one’s who are going to be funding this bailout in the long run… and know it. It’s one thing to ask me to assist a down on her luck mother of three with some food stamps and welfare checks, its another thing entirely to ask me to help a multibillion dollar corporation that just crashed the economy without suffering any personal consequences.

That last part really seems to be the crux of the matter. Maybe the reason people like the idea of a modern day Robin Hood taking out vigilante justice is because the actual justice system doesn’t appear to be. Time Magazine put out a list of 25 names responsible for the current fiscal crisis, other than Bernie Madoff who turned himself in when he realized he lost everything, no one on that list has faced indictment. When will there be consequences for destroying our economy in a way that was completely avoidable?

Civil unrest occurs when the government fails to uphold its end of the social contract.

JD Adler
WPA


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April 10, 2009

Copycat Robin Hoods Disrupt Financial Industry

Washington, DC
World Press Association
May 1, 2009


Since the string of attacks by the ‘Robin Hood’ gang last month against people and organizations closely associated with the recent financial troubles, copycat attacks have begun to spring up around the country.

In Philadelphia, the Sunoco refinery was firebombed. In Detroit, the headquarters of GM were attacked, in the middle of the day, with flash-bang grenades; the perpetrators then fired red paintballs at the stunned employees. Across the country, 327 banks have been burned, bombed, or assaulted in some way over the last two weeks.

Unlike the Robin Hood Gang, these copycats have resulted in numerous injuries and 4 dead.

Also unlike the originals, these copycats are indiscriminate in their targets. Anything and anyone remotely associated with the financial sector seems to have become a target of the hostility the general public feels. The Robin Hood Gang was very specific in targeting people for whom there was already a preponderance of evidence as to their participation in creating these problems. Even the attack on the NYSE last week followed that logic as it has been the hedge funds and futures traders that created the oil price bubble, the housing bubble, and who profited off the collapse of those bubbles.

However indiscriminate attacks on people who happen to be working in our financial sector is not vigilantism for they are not criminals, it is just anarchy. It does, however, demonstrate a clear desire among for someone to be accountable for what has happened coupled with a lack of knowledge as to who that should be.

While extralegal activities and violence in general should never be condoned, the popularity of the actions of the Robin Hood Gang is worthy of review. A recent Lugner Poll showed that 60% of Americans agree that the targets of the Robin Hood Gang should be held accountable, 48% agreed with their actions, and only 20% thought they should be tried for treason.

So what are the implications of this? Are these financial criminals group of malicious men who need to be punished so that we can go back to our way of life? Or, as some suggest, is this endemic to our system and requiring a more fundamental response? The Republicans offer the Australian school of laissez faire economics as the answer. The Democrats say Keynesian economics with its heavy reliance on government meditation of the market is the answer. We have been living under a mixture of these two plans for almost 100 years, in which time the stock market has crashed more times than I can count. Every time that the market crashes, the economy crashes.

Perhaps the stock market is the problem.

JD Adler
WPA



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April 09, 2009

'Merry Band' crashes Stock Exchange

New York, NY
World Press Association
April 21, 2009

The brazen band of men who have been nicknamed “modern day Robin Hoods” by the media, including this Blog, struck again last night. This time against the heart of America’s financial infrastructure; the New York Stock Exchange and Euronext building.

There were few witnesses to the 3:00 am attack; a taxi driver, a few homeless people, and a security guard from the NYSE building. While details are sketchy and contradictory among the witnesses, they do agree on a few important points. They describe a dark station wagon stopping in front of the Broadway entrance to the building, the now familiar four men in black clothes getting out and removing a rocket launcher from the rear hatch of the vehicle. Next, 5 to 7 missiles were fired at the front of the building. Whatever did happen, there is no doubt that the several columns and all the windows are broken this morning and no one is allowed inside. Trading has been temporarily suspended by the President. No injuries were reported from the middle of the night attack.

FBI Special Agent Riggens was on scene all morning investigating and speaking to the press. “These men seem to think that by attacking other Americans they can somehow resolve our current problems, but all they are accomplishing is making matters worse. They are not heroes. They are criminals, and like all criminals they are cowards hiding. They hide behind masks, they hide behind the cover of dark, and they hide behind anonymity. The press attempts to glorify them by nicknaming them after folk heroes, but look at who they attack. They attack our elected representatives and our financial centers… these men aren’t folk heroes, they are domestic terrorists!”

A citizen in the crowd shouted a question to Agent Riggens, “If they are domestic terrorists then they are American Citizens. Do you know that for a fact, or are you just assuming that because who else would be this mad at this group of people?” To which the crowd laughed and applauded, causing Agent Riggens to walk away angrily.

To date these men have attacked the board of AIG, the homes of Bernie Madoff and Dick Luft, Congressmen Frank and Dodd, and now the NYSE. What began as a humorous prank on those who seemed most directly responsible for our fiscal woes has become an all out war on the pillars of the American economic system. Which must leave members of the American elite wondering, who will they target next?

JD Adler
WPA


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April 07, 2009

Sen. Dodd, Rep. Frank Held by ‘Robin Hood’ Gang

World Press Agency
Washington, DC
April 15, 2009


This afternoon Senator Dodd and Representative Barney Frank, two powerful Congressional Democrats in charge of the Finance Committees, were scheduled to hold a press conference. Neither of them showed. Instead, eyewitnesses report, at 11:45 am four men in black clothes, wearing black stocking masks attacked them at the deli where they are known to eat lunch.

What began as a normal day was suddenly flung into chaos by the well-planned assault. “It was terrible,” Wendy Calhoun, a waitress at Phil-N-Buster’s Deli was crying as she told us, “First, all the security guys got hit with darts and fell down. Then a big van pulled up and these guys… you know the one’s everyone has been talking about… the Robin Hood guys… they jumped out, grabbed the Congressmen and were gone…”

Less than 15 minutes later both men were found without physical injuries. The same probably could not be said for their egos, however. Park Rangers found the Congressmen in their underwear, duct taped to each other in front of the Vietnam War Memorial. The words “liberty” and “honor” had been written on their chests.

As Chairmen of their respective Congressional finance committees, both men have been criticized for not making more noise about the fact that Fannie Mae and Freddie Mac were passing bad paper. A fact they were well aware of and told few outside of Washington. Senator Dodd has also been criticized for authoring a bill, apparently without knowing it, which allowed executives at AIG to receive bonuses on the taxpayer dime.

Special Agent Tom Riggens of the FBI made a statement after being appointed lead investigator on the case.

“I do not care whether you call these men vigilantes, terrorists, or Mary Poppins… I call them perps. The previous two attacks were acts of theft, assault, and destruction of property, but this, today, this was an attack on elected government officials. There is only one word for that crime; treason. These men are traitors to the government of the United States of America. I will bring them to justice.”

What is justice for a group of men targeting the people responsible for the economic meltdown of America? A parade?

JD Adler
WPA


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Florida: Fuld, Madoff houses’ burned by Robin Hood.

World Press Association
April 8, 2009


Last week four men in black clothes broke into the Philadelphia offices of AIG and robbed their executives at gunpoint. Ranting about liberty while they did it. Yesterday four men in black clothes burned down the houses of convicted felon Bernie Madoff, and accused felon Richard Fuld; both men former financial superstars whose falls are closely linked to the current financial crisis.

The FBI would not comment on ongoing investigations, other than to say all possibilities were being considered. Witnesses interviewed by this service provided descriptions very similar to those provided at the AIG assault.

Common elements include; black, military clothing, US flag patches on the left shoulder, a variety of weapons, speeches about liberty and freedom, and no physical injuries to anyone.

Witnesses at the Madoff house saw the men fleeing after the fire had been set, presumably to get to the Fuld house. At the Fuld house they broke in, cleared out all the family members and staff, and then set fire to the property. As the house burned one of the men stepped forward and spoke to the family until the sirens approached.

“It was so bizarre,” one of the staff explained, asking not to be named for fear of her safety, “He started waving his hand in the air and accusing us of crimes… murder, treason, theft…tyranny… he called us tyrants, I don’t even run the kitchen.” Family members were unreachable for comment.

Bernie Madoff was an investment broker made famous for running the largest Ponzi scheme in history on charities, banks, and some small nations. The financial crisis caused the bottom to fall out and his marks lost billions. He has since been convicted of several felonies.

Richard Fuld was an investment banker, Chairman of Lehman Brothers when it failed due to his decision to invest more of their money in sub-prime mortgages than any other single investor and refusal to sell the company, three times, once they were in trouble. He was highly criticized for receiving a $22 million bonus in 2007 just before bankruptcy was declared. There are currently ongoing fraud investigations against him in New York and New Jersey.

Repeated calls to the FBI and Justice department for comment on these apparent serial, interstate attacks on those at the heart of the financial crisis remain answered only by the practiced line, “We have our best people on it.”

Who are these “best people”? Who are these men in black clothes? Who should we be rooting for?

JD Adler
WPA


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