Occupy Liberty Street (OLS)! (The Federal Reserve Bank of New York)
by Gary North
The phrase “Wall Street” is a representative of the financial community. The only sensible reason for occupying Wall Street is for symbolic purposes. You want to call the public’s attention to the problem.
What is the problem? I contend that the people occupying Wall Street do not understand the problem. If they did, they would be forming picket lines in front of the New York Federal Reserve bank at 33 Liberty Street. That is where the problem began in 1914. That is where the problem will be solved.
The less well informed will form picket lines in front of the representative agency of the Federal Reserve Bank of New York, namely, the Federal Reserve Bank building in Washington, D.C.
The power has never resided there. That is a symbol to deceive the Congress of the United States, which operates under the illusion that it is in charge of the Federal Reserve System because it is nominally in charge of the Board of Governors of the FED, an agency with national sovereignty.
The symbol of this sovereignty is the suffix to its URL: www.FederalReserve.gov. The “gov” ID is the mark of sovereignty.
The New York FED is where the decisions are made. Its URL suffix is “.org.” That is the mark of its legal incorporation as a private entity.
What is Wall Street? It is a street sign. It is a building. It is the headquarters of the New York Stock Exchange. Outside of the building is a sculptured bull.
In front of the bull these days are picketers. They are making a point. They don’t like the financial system. They think that the central core of the financial system is on Wall Street. It isn’t.
To understand how the system really operates, imagine that you are at a bull fight.