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NOTE:  This post was updated with more details throughout the Glenn Beck radio program. Glenn announced that copies of this have been delivered to JP Morgan Chase, the FBI, and the Justice Department. And he is awaiting comments from the White House, and the DoJ. JP Morgan Chase has already declined to comment.


Steven Lerner, reported to have visited the White House on at least four separate occasions, formerly of SEIU and 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 of private equity firms during the boom years that led to the ensuing economic disaster.

In a clandestine meeting — community organizers, socialists, and union leaders met to discuss tactics and strategies to destroy the American economy.  The Left Forum, March 19, 2011.

Glenn Beck has released a YouTube audiotape (above) that reveals the Left’s Economic Terrorism Playbook:  a coalition to disrupt and create uncertainty… to destabilize the folks that are in power and start to rebuild a movement …

The Plan to bring down Wall Street. Why Andy Stern, head of SEIU was the most frequent visitor at the White House. The Labor Unions that coordinated with the uber extremist Muslim Brotherhood, working in concert together.  The Israelis have set up a new department to monitor these activities.  Marxist and Labor Unions working with Islamic groups to collapse the financial system of the United States, using the state, county and local labor unions to do exactly what they did to the housing market, collapsing it and ending with the destruction of the economy system throughout America.  This plan is supposed to happen in May.  By exposing it and getting the disinfecting light of day on it, maybe we can prevent it.

Steve Lerner, formerly of SEIU, talks about fighting against stability to bring down the stock market.  “We need to have a very simple strategy  to bring down the stock market. He outlined the four things they could do that could really upset Wall Street.

The Business Insider has just released this report:

CAUGHT ON TAPE: Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America

Business Insider:

A former official of one of the country’s most-powerful unions, SEIU, is detailing a secret plan to “destabilize” the country.

Specifically, the plan seeks 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, Steven 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 of which many Americans will no doubt sympathize with. Still, the “destabilization” plan is startling in its specificity.

Lerner said that unions and community organizations are, for all intents and purposes, dead. The only way to achieve their goals, therefore–the redistribution of wealth and the return of “$17 trillion” stolen from the middle class by Wall Street–is to “destabilize the country.”

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 November, reportedly 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 levels, and 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.

Here are the key remarks:

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.

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.

For example, 10% of homeowners are underwater right their home they are paying more for it then its worth 10% of those people are in strategic default, meaning they are refusing to pay but they are staying in their home that’s totally spontaneous they figured out it takes a year to kick me out of my home because foreclosure is backed up

If you could double that number you would  you could put banks at the edge of insolvency again.

Students have a trillion dollar debt

We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree  it would literally cause a new finical crisis for the banks not for us we would be doing quite well  we wouldn’t be paying anything…

We have to think much more creatively. The key thing… What does the other side fear the most – they fear disruption. They fear uncertainty. 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. We have a very simple strategy:

  • How do we bring down the stock market
  • How do we bring down their bonuses
  • How do we interfere with there ability to be rich…

So a bunch of us around the country think who would be a really good company to hate we decided that would be JP Morgan Chase  and so we are going to roll out over the next couple of months what would hopefully be an exciting campaign about JP Morgan Chase that is really about challenge the power of Wall Street.

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. We will connect three ideas

  • that we are not broke there is plenty of money
  • they have the money  – we need to get it back
  • and that they are using Bloomberg and other people in government as the vehicle to try and  destroy us

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 instead of defense

Where we have brave and heroic battles challenging the power of the giant corporations. We hope to inspire a much bigger movement about redistributing wealth and power in the country and that labor can’t do itself that community groups can’t do themselves but maybe we can work something new and different that can be brave enough  and daring and nimble enough to do that kind of thing.

Read the rest of the Business Insider analysis and audiotape transcript here.

Among those in attendance at the meeting – Frances Fox Piven, whose strategy of creating chaos to result in ungovernability is the coming insurrection, the cry for revolution, is lauded and the underpinning of the plan to destabilize our banking system.

Glenn will be outlining this in more detail on his TV program today.  Oh, one more thing.  THIS is our “president”…  He has scheduled a “news” conference to take place five minutes before Beck’s TV show goes on the air this afternoon.  Coincidence???


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