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Stephen Lerner, formerly of SEIU. A former official of one of the country's most-powerful unions, SEIU, has a secret plan to "destabilize" the country.
The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street's grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.
The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last weekend. The Blaze procured what appears to be a tape of Lerner's remarks. Many Americans will undoubtely sympathize with and support them.
Still, the "destabilization" plan is startling in its specificity, especially coming so close on the heels of the financial crisis. Lerner said that unions and community organizations are, for all intents and purposes, dead. Lerner's plan is to organize a mass, coordinated "strike" on mortgage, student loan, and local government debt payments--thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.
This destabilization and turmoil, Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power. Lerner's plan starts by attacking JP Morgan Chase in early May, with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.
Lerner also says explicitly that, although the attack will benefit labor unions, it cannot be seen as being organized by them. It must therefore be run by community organizations. Lerner was ousted from SEIU last Novemberreportedly for spending millions of the union's dollars trying to pursue a plan like the one he details here.
It is not clear what, if any, power and influence he currently wields. His main message--that Wall Street won the financial crisis, that inequality in this country is hitting record levelsand that there appears to be no other way to stop the trend--will almost certainly resonate. A transcript of Lerner's full reported remarks is below, courtesy of The Blaze.
We have heard the tape, but we have not independently verified that the voice is Lerner's. You can listen to the tape here. Unions are almost dead.
We cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also. And if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge - the how to make fast money on clash of clans banks and everything - what they want is stability. There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement.
We have to think much more creatively. What does the other side fear the most - they fear disruption. Every article about Europe says in they rioted in Greece the markets went down.
The folks that control this country care about one thing how the stock market goes what the bond market does how the bonuses goes.
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We have a very simple strategy:. And so what we are looking at is the first week in May can we get enough people together starting now to really have an week of action in New York I don't want to give any details because I don't know if there are any police agents in the room.
The goal would be that we will roll out of New York the first week of May.
Executive stock options dividends will connect three ideas. And so we need to take on those folks at the same time. And that we will start here we are going to look at a week of civil disobedience - direct action all over the city. Then roll into the JP Morgan shareholder meeting which they moved out of New York because I guess they were afraid because of Columbus.
There is going to be a ten state mobilization to try and shut down that meeting and then looking at bank shareholder meetings around the country and try and create some moments like Madison except where we are on offense jpmorgan chase employee stock options of defense Where we have brave and heroic battles challenging get money for donating platelets power of the giant corporations.
Speaker at the Left Forum "Towards a Politics of Solidarity" Pace University March 19, Speaker Bio: Stephen Lerner is the architect of the SEIU's groundbreaking Justice for Janitors campaign. He led the union's banking and finance campaign and has partnered with unions and groups in Europe, South American and elsewhere in campaigns to hold financial institutions accountable.
As director of the union's private equity project, he launched a long campaign to expose the over-leveraged feeding frenzy cara bermain trader forex private equity firms during the boom years that led to the ensuing economic disaster.
It seems we are at a moment where the world is going to get much much worse or much much better Unions are almost dead we cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also and if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge - the big banks and everything - what they want is stability Every time there is a crisis in the world they say, well, the markets are stable.
What's changed in America is the economy doing well has nothing to do with the rest of us They figured out that they don't need us to be rich they can do very well in a global market without us so what does this have to do with community and labor organizing more. We need to figure out in a much more through direct action more concrete way how we are really trying to disrupt and create uncertainty for capital for how corporations operate The thing about a boom and bust economy is it is actually incredibly fragile.
What would happen if students said we are not going to pay. And so we need to take on those folks at the same time and that we will start here we are going to look at a week of civil disobedience - direct action all over the city then roll into the JP Morgan shareholder meeting which they moved out of New York because I guess they were afraid because of Columbus.
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