More Hints of Increased Social Unrest this Coming Year (Updated)

I had posted a short while ago about Occupy Wall Street taking more "direct action" this coming year. Yesterday, the Survival Blog posted a link to this article by Michael Thomas, apparently originally published in Newsweek. From his piece:

... right up to 1970, when everything started to change, and the traders began their long march through our great houses of finance, with the inevitable consequence that the Street's moral bookkeeping grew more and more contorted, its corruptions more elaborate, its self-interest less and less governable. What someone has called the "Greed Wars" began.

But now, I think, the game is at long last over.

As 2011 slithers to its end, none of the major problems that led to the crisis point three years ago have really been solved. Bank balance sheets still reek. Europe day by day becomes a financial black hole, with matter from the periphery being sucked toward the center until the vortex itself collapses. The Street and its ministries of propaganda have fallen back on a Big Lie as old as capitalism itself: that all that has gone wrong has been government's fault. This time, however, I don't think the argument that "Washington ate my homework" is going to work. This time, a firestorm is going to explode about the Street's head - and about time, too.

* * * 

This time, I fear, the public anger will not be deflected. Confessions, not false, will be exacted. Occupy Wall Street has set the snowball rolling; you may not think much of OWS - I have my own reservations, although none are philosophical or moral - but it has made America aware of a sinister, usurious process by which wealth has systematically been funneled into fewer and fewer hands. A process in which Washington played a useful supporting role, but no more than that.

Over the next year, I expect the "what" will give way to the "how" in the broad electorate's comprehension of the financial situation. The 99 percent must learn to differentiate the bloodsuckers and rent-extractors from those in the 1 percent who make the world a better, more just place to live. Once people realize how Wall Street made its pile, understand how financiers get rich, what it is that they actually do, the time will become ripe for someone to gather the spreading ripples of anger and perplexity into a focused tsunami of retribution. To make the bastards pay, properly, for the grief and woe they have caused. Perhaps not to the extent proposed by H. L. Mencken, who wrote that when a bank fails, the first order of business should be to hang its board of directors, but in a manner in which the pain is proportionate to the collateral damage. Possibly an excess-profits tax retroactive to 2007, or some form of "Tobin tax" on transactions, or a wealth tax. The era of money for nothing will be over.

But it won't just end with taxes. When the great day comes, Wall Street will pray for another Pecora, because compared with the rough beast now beginning to strain at the leash, Pecora will look like Phil Gramm. Humiliation and ridicule, even financial penalties, will be the least of the Street's tribulations. There will be prosecutions and show trials. There will be violence, mark my words. Houses burnt, property defaced. I just hope that this time the mob targets the right people in Wall Street and in Washington. (How does a right-thinking Christian go about asking Santa for Mitch McConnell's head under the Christmas tree?) There will be kleptocrats who threaten to take themselves elsewhere if their demands on jurisdictions and tax breaks aren't met, and I say let 'em go!

 (Emphasis added).

Update: This actually reminds me of something I read a couple weeks ago, as well. I've posted once or twice about the "Washington Insider," and this was in a piece from earlier in December:

UM: You still have fear of violence in the city? Involving the election?

WSI: Yes.

UM: Why? It looks like the Occupy thing is dying down. Between the law enforcement response and the cold weather.

WSI: I disagree. What we saw take place the last couple of months…the potential is for it
to be much-much worse this summer. Again, I hope that is not the case – but I am taking precautions. Appropriate and measured precautions. I am very much in agreement with –name withheld- that what was done most recently was merely a test run for the real thing.