ordinary people are not going to stand for corporate greed anymore and they're getting up for doing something about it it's one of the many messages behind the occupy wall street movement this is protesters in america call in the footsteps of those involved in the arab spring or so some say but after hundreds of arrests a brooklyn bridge shut down and allegations of police brutality how's the season for change finally arrived in the u.s. . the way to get the media to notice is to disabuse you of the truth if you will notice and stir it up is exactly what's going on as occupy wall street gets bigger and louder so with the movement expanding from coast to coast is civil

disobedience the only way average people in america can have their voices heard. what we. need to. use it for. and it's a war that seems to keep going so was greece's deficit rises and austerity measures fail as a method of defense the million dollar question remains is it inevitable for greece to default and if so what will this mean for the global economy. good evening it's monday october third five pm here in washington d.c. i'm lauren lyster and you're watching r.t. well occupy wall street protests continue in new york despite a weekend that saw the war than seven hundred activists arrested and jailed for

marching on the brooklyn bridge now today protesters remain camped out in lower manhattan they are going strong into a third week despite the arrests standing their ground or their wall street grievances now aside from questions over whether the police were too aggressive. with the weekend's arrests the questions remain about just what we're seeing take shape in lower manhattan is this going to be a radical left answer to the tea party a turning point in american history could we be seeing the start of a true revolution channeling the arab spring that the occupy wall street movement claims to be inspired by in response to the inequality poverty joblessness and corporate power in america we'll get to those questions but first report i was there so here is her her take of what happened. all right. a new season in a different nation the arab spring have become america's autumn and on saturday new york's brooklyn bridge reminded many of the scenes from egypt to hear square.

nearly eight hundred protesters were trapped arrested and jailed as thousands of activists continued their second week of occupy wall street demonstration the grassroots movement is campaigning against social inequality and influence overeager politics in the interim police conduct against peaceful protesters has come into question. just last week and the york city police officer attacked occupy wall street protesters with pepper spray prompting public outrage and internal affairs investigation many believe that there will be another dramatic confrontation this weekend after what happened last weekend after four women were pepper sprayed while they were corralled by police after the n.y.p.d. used heavy handed tactics punching some protesters i think many people didn't

expect that there would be something like that again this weekend though i have no reports pepper spray being used there were thousands of people stopped and hundreds arrested arrested activists were charged with disorderly conduct and summons to appear in criminal court. by sunday hundreds of cured stock on wall street's determined to continue their fight against corporate domination but you already done agreed to be arrested anymore the whole entire control of the police state disappears and i when that happens there are a credible possibilities that are open to us and suddenly you can imagine a different world if you please you can be an agent of change the group says it aims to raise national awareness and cheats on. good economics to star on he said wall street describes itself as a resistance movement inspired in part by its counterparts you can follow the

beliefs of our brothers and sisters all over the world of the arab spring in greece and spain and we can see that it fits the powerful masses ordinary people are not going to stand for corporate greed anymore and that we're getting up with something about it. and the reason these activists are doing something on wall street rather than washington is because they say you have to follow the money begin where the largest campaign contributions donations and lobby groups come from. we were told obama was for change we got four more years. of bush. before that it bothers the bush dynasty any corporate greed goes all the way people think this is where the the artery to get people to start. it is true that these demonstrators come here with a bright idea of different messages but what is uniting that what unifies them is a growing for. over the u.s. on a social inequality and corporate influence on u.s.

policy these protesters say if america's leaders and it will be the american citizens that stand up for their rights reporting from wall street reform party. so just what happened up as battle on the brooklyn bridge and what are we seeing take shape and laura manhattan and spread across the country joining me to tell us is marcel carty a he's a rap artist and occupy wall street protester thanks for being on the show now i know you were on the brooklyn bridge this weekend and you were arrested describe what happened. well the first thing that i want to do before we get into the details of the situation is just to address the role of the police in a capitalist society and we have to be clear on that the role of the police in the calculus society is to protect the property owners the billion the bankers the ones who are referring to as the one percent so it's no coincidence that while they were locking up our seven hundred brothers and sisters j.p.

morgan chase gave the four point six million dollar donation to the n.y.p.d. to crush this movement or any movement the evolves out of this i don't think that's a quid students at all now as far as the march it was a peaceful demonstration that started at liberty plaza and we decided that we were going to go to brooklyn now it wasn't an after of civil disobedience because we were actually given this street to march down the title of the new york post today on the front page is something like given fair warning basically that you know the police said that they gave us a warning that we could not be on the bridge we were going to get arrested if we indeed did go down that route but what actually ended up happening is that we were escorted by the n.y.p.d. across the brooklyn bridge or least to the point where we were stopped by this police barricade so it was a very interesting situation when all of

a sudden people began to get arrested i was at the front of the march at that point and there were three brothers who went before me and that was the first that i heard or that i actually saw that people were going to get arrested i had no idea that that was going to transpire they said they made another announcement i was right there at the front i didn't even hear that you know so it was definitely premeditated entrapment on behalf of the n.y.p.d. and so they're think that the y.p. has really a couple of videos and i think that they did give warnings that there were all horns that they play well and that that loud and clear that warning protesters that are using us now. i didn't hear anything of the sort and when i was walking on the brooklyn bridge there were many police officers who walked alongside of me were trying to get to the very front of the march they didn't say anything except perhaps excuse me brother can i get by that's it no mention of you're not supposed to be here you're going to get arrested again i was at the very front of the march

when we got stopped by this police barricade and i could not hear a word that was being said supposedly the n.y.p.d. is saying that you're all going to get arrested and if you do not walk you will be dragged i didn't even hear that ok say you didn't know that intelligent but you can go on a break why do you like marching on a bridge where i care if i'm trying but we were going to march to brooklyn in order to you know expand occupy wall street essentially in order to you know bring it to other boroughs in the same way that now occupy wall street has spread to los angeles it spread to chicago is spread to washington d.c. it's all over the country you know last week i sat here and i talked about how this has the potential to be the embryo of a very broad fightback movement and i think they just in the past seven days it's actually grown. it's grown a lot and i think this is very exciting a question for the n.y.p.d. is did you really think that it was

a tactically intelligent decision to arrest seven hundred people on the brooklyn bridge perhaps they thought that they were going to suppress the will of the people by doing that but i think it actually had the opposite effect i think that what we saw for example in the jails of new york on saturday night we turn those into organizing centers just like prisons are currently across this country can be turned into schools of revolution so i don't think that it suppresses anybody's will if anything it made the people more militant who are involved in occupy wall street and it be those across the country who may be beginning to see this is a way that they can get involved in fighting for change so you know what maybe it's time for me to stand up as well it's interesting and just to clarify for our viewers what you thought at the beginning of our show those are your opinions you you obviously feel like the police that their goals are to protect the red carpet elites and not you guys and you protesters on their part they're just want to clarify that and also we don't know why jamie dimon gave that donation to that my p.c.p.

but of course you pointed out you know one possibility as you see it but i do want to ask because because one of the things that mainstream media has alleged in some of the reports is that the protesters are disorganized or that this isn't really you know going anywhere it's a bunch of hippies so i'm curious to you because you obviously feel very militant about this where do you see this going. but i see the masses of people awakening i see the end of people being passive or feeling as if they can't fight back that they have no type of power i organize with the answer coalition which since we're acting out of stuff war and racism and we've been organizing around issues such as the war we've been organizing around issues of unemployment issues of housing of being human rights the poor educational system basically people not having their basic human rights met in the richest country in the history of the world so very clearly there's definitely people at occupy wall street who have different opinions and there's conflicting political trends but i

think the as the masses come out then we can begin having those deeper ideological conversations about just exactly what it is what it is that we want but what i'm clear on is that we have to build a very broad movement for the society that we actually deserve to live in ok and just i want to get this going for one more minute just short answer if you could i know you said that you don't think that the police gain from that is a wrap but what do you think you gain for when you get arrested in this kind of a project. like i said in return those jails into centers of organizing you know i got to know everybody who i was on that bridge with so much better and i don't think i would have had that opportunity otherwise so it was definitely a very. energizing experience to charge me it made me more committed to the cause and now i really want to see this movement succeed not that i didn't before but it

just is charging you have to give me so much energy so much vision to go forward and yes or no do you think that this is you alone or you think this is you and seven hundred plus other people that were arrested on that bridge. i can't really speak for for anybody else but i do feel that there was that sentiment there you know there was definitely the sense of camaraderie the sense of brotherhood sisterhood and the fact that we're going to persevere and we are going to change you know people all over the world are doing that and we need to do that right here in the belly of the beast because this is the country those those are the real criminals the biggest criminals in the world who live on organize on wall street you know who work the on behalf of some of the biggest parasites in the world all right well we certainly appreciate you coming on the show and sharing your story that was marcel hardy a rap artist and wall street protester who was arrested over the weekend now our own correspondent anna stockage we're going to look at this from the angle of those

protesters and the tactics that they're using like you heard my last guest described as a civil disobedience of protesting is this really the only means that americans have last to have their voices heard if they feel like they have no political power in this system here's a report. i'm taking the baby out by storm. karen rested by the hundreds. getting netted and pepper sprayed in the face. spending night and day on the far from welcome the streets of the financial district. that's the price these demonstrators are paying to get their outrage across to those holding reins a financial and political power con americans who make up most of this country don't have access to corporate power and the media don't have many options to get their voices heard those who take specific steps fight for change in the west are largely getting ignored and marginalized this artist and activist has been arrested

twice i didn't expect to be arrested i didn't expect to get beat by the police i didn't expect to get locked up incarcerated for always and always knows what to do that because of for this movement. ignored for the first two weeks of occupying wall street the peaceful movement started taking tougher measures by getting bigger and louder the only way to get the media to notice is to be disobedient. to get people to notice. the mass arrests have built up popular support for the movement but you know. putting us through some type of abuse because it's hoping you know is bringing more work you will some have sacrificed more than hours in jail to fight against wall street and many people have put their jobs. that's already happened the corporate media we three into the campout either does not pay much attention here the sunday front pages of some of america's most read

newspapers or ridicules both the form and the substance of the gathering it is equal parts the truly body odor and urine they're more concerned with. brainwashing people american idol or sports drama. pretty much anything to surface attraction but the important issues right now this is the big board and notice quite of course first term political elite it's tougher than ever for those against the system to get attention with even some police officers ready to admit this protest is the way it's. the only. way to do what i imagine the occupy wall street movement promises to grow in the months to come and history shows that the voice of the people can't be neglected wherever those who churkin are artsy new york now it's not just occupy wall street the movement has spread to cities all across the country and our team's owner mungle indo was at occupy los angeles over the weekend

that more than a thousand showed up and hundreds camped out so i asked him if he got a sense this was a flash in the pan or if this could turn into something much larger. well and i had this conversation with many of the people at this protest and and many shared the same sentiments as that young woman that this could be something that just prompts a revolution here in america whether that's a peaceful revolution preferably from these protesters who were peaceful but a lot of people are still unsure i mean it seems like there's still some fear over whether people should stand up but what we're seeing is that this occupy. protest it's going nationwide it's not just happening in los angeles and new york it's happening in over one hundred cities now i mean there's going to be demonstrations in d.c. in los angeles throughout this week and in over one hundred cities in america it seems like this occupy wall street sentiment is really gravitating so whether we'll see a revolution like

a young woman said it is going to be up to the people but obviously it is very strong movement that a lot of people can stand behind and if you're talking about a growing movement some of the protesters we've seen and i know i've seen him in new york i don't know if they were in l.a. too they had signs saying americans kind of comparing this to what we've seen an arab spring and even an occupy wall street web site they say that they're inspired by what we've seen and the arab world and the revolutions there did people talk about that in l.a. . oh most definitely laura now a lot of the people that i talk to you mention the middle east a lot of people got their inspiration from the protesters in greece who are see austerity measures just eroding their way of life and people talk about egypt talking about tunisia and the similar problems that those people were facing when it comes to economic suppression social suppression civil rights things of that nature and they see the similar problems have been here in america perhaps not to

the same degree yet these people see that these problems are global and they really really draw a lot of inspiration from this and those are the types of people that really do see this as a possibility of an american revolution happening here i understand with something possibly that bag i'm curious i know you were out there were covering us but what kind of media attention if that's getting an l.a. from the mainstream i know today at least from what i can see on the t.v. they seem to be most fascinated by the trial of michael jackson's doctor. well that's right laurin over the weekend demonstrations here minimal coverage some of the news outlets kind of downplayed the numbers and downplayed the significance of it we saw a little bit more coverage of it today that people are actually camping out but it seems like the media is only fixated on the michael jackson conrad murray trial the doctor who is accused of killing michael jackson i mean we see media from all over the world yet right across the street there are hundreds of people camped out which

no one is paying attention to but it appears that the more they stay camped out there the media will not be able to ignore him and and even then just this morning well reporters from across the country were trying to do their live reports on the conrad murray trial we saw the occupy los angeles demonstrators marched down to the courthouse and with their chance they drowned out the live reports of reporters from c.n.n. and the local affiliates here in los angeles so even if the media mainstream media refuses to pay attention to the message refuses to pay attention to this movement it appears that the occupy wall street protesters and those showing solidarity with occupy wall street are definitely letting their voices be heard that was actually a chorus on every mon the lindau now from protests in the u.s. the protests in greece from actually mentioned as people protest austerity measures turns out greece won't meet the deficit deadline it promised its lenders for its

next mail out well that's what this means for europe and for the last but first r.t. course on it is in athens with the latest. greece now to fold that's the million dollar question but to be more exact the four hundred fifty billion euro a question. that greece now. about could never be. you think about greece. for granted fifty billion euros of government there you need to be if you or your i don't know what you believe. the government is running out of option they can keep trying to impose the state will start the measures that would likely lead to more of a violent clashes we've seen between rightly and prayed in the last weeks or months or they can choose to default here is. the fault is not an option. to work least a decent it could spark a financial meltdown. and there's now

a growing recognition that behind closed doors other options are being considered a group called is different from the cards has been on the cards not for a year and a half all time being a crowd because when you have a dead hot hand of the exorbitant size but we have here in greece it is impossible to imagine a state hearing the same thing can be a means by which if you say so the default was always going to happen is that a full speculation rumbles on it's become clear that there are fundamental flaws in the u.a.e. since operation i think europe citizens have the right to know what the causes are at the moment they are being reflected from aerial courses and they are being asked to blame little greece little greece however idiotic it may have proved in the past . and never was incapable of spearheading a global financial crisis see just he was to blame for what we are experiencing.

all of the financial crimes of the past eighteen months the greek government has cut wages raise taxes just pensions and in return received billions of year in bailout funds now as they await the next eight billion cash injection many are left wondering if it's all been worth it just to give you another one when we first. was. over. in the. series that this is the year one president. so just to us after. the for the good. of the.

protests and strike action now an almost daily occurrence greek government faces a huge crisis of confidence amongst its electorates financially in the red politically in the dark greece's population and leasing their patience if greece does default the future of the eurozone extremely uncertain indeed many people here feel but not to do you say is true respect country sinking deeper and financial and economic ruin. athens. all right to help us sort out what this means for europe and for the united states in studio is joseph gagnon he's senior fellow at the peterson institute thanks so much for being here so big picture we see everything in greece deteriorating this is on top of what is a sovereign debt crisis in many countries in the euro zone effects banks who failed

to act enough to stem this well the problems go back many years because countries throughout the eurozone. have large budget deficits that they were not supposed to be able to run under a monetary union but they were allowed to run and of course. has come back to bite them and. i think the euro area is in a much more dangerous place in the us despite it's also having the same problem here because they don't have central to school authorities and i think that's a key difference it's interesting you bring that up we see that being an issue with political leaders all trying to decide on expanding this bailout fund but my question to you should the e.c.b. the european central bank have done more well i think they're going to be pushed into it i think at each step along the way the europeans have resisted moving to a central school authority common taxing and spending decisions and they've

resisted but they've done just enough to get the time they raise the and raise the amount the pot but it's still not quite enough and the e.c.b. right now is the only institution that has the potential to step in and fix things if they want to but that it's really difficult issue i mean the politicians. these he's worried about bailing out governments that haven't performed well. and i can't help but when you're saying politicians inability to act and the central bank being only one that can it reminds a little of what you might think about the united states i'm curious. if you see any lessons from europe for the united states especially with the federal reserve well i think we're lucky here in that the federal reserve has a clear mandate to set interest rates for the us then we have a unified federal bond market so in that sense the fed can act and is allowed to act it's different in europe where the e.c.b. is not authorized to necessarily set italian interest rates with the german

interest rates that's not in their mandate and that's the problem they have we have a unified market so the fed can act we have more firepower here to solve these problems but in the long run we both face you know ultimately too big of a national debt well will harm us ok i want to get to the debt but you said that over there can act in the u.s. my question becomes many think the u.s. is going into a recession economic data comes out again and again showing that we have a jobs crisis and bernanke he calls it a national crisis so should the federal reserve be doing more well i actually think they should they have to mandate under law one is not from employment which they say is unemployment rate of around five percent and the other is stable prices which they say is an inflation rate of around two percent and they look at the core rate strips out some of the volatile components that's about to but unemployment is way above five and everyone is forecasting the inflation rate to go back down below two so they're going to miss their targets and that means they should do more even

under current rather ok what does that mean though just to need an average person you know what what should they do what they should do is keep interest rates low and my personal advice would be go back and buy into the broader market they did this two years ago with great success now that we have really low treasury yields right now in america but the mortgage haven't fallen nearly as much i think the fed reserve step in and they're allowed to buy those things they should die mortgage backed securities which would push down mortgage rates for homeowners to refinance to try and you would help the housing market would help homeowners refinance into a lower interest rate. it would be the most stimulative thing they could do for the economy my question though is how would that help because interest rates are already very low and homeowners can't get loans and can't get their monthly finance not even under the government programs that were supposed to help that are now going to return six hundred million dollars to the treasury now that's an excellent point i think the fed does actions by itself would help some because there's

a chunk of homeowners who have refinanced in the past couple years but you're right there's a big chunk about half and cannot refinance and the administration could help itself by boosting that program as a new study by the congressional budget office shows that in fact allowing more of these underwater borrowers to refinance would actually save the government money say fannie mae and freddie mac. money and it would be good and so the administrator of fannie mae and freddie macas been reluctant to push them into doing this but now this new study says it would be good to do it and so i think he gave a speech this in a trader at the market a speech a couple weeks ago in which he said he's actually looking turning that way so a big action that would allow people to refinance as you say coupled with federal reserve action keep rates low we will see but my question we're almost out of time yes or no is operation twist just a flash in the pan that doesn't really achieve anything you know is fine but it's not not it's.