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Disappearing Money – How Trillions have gone poof- An Excellent YouTube video from the awesome site Dark Journalist with Catherine Austin Fitts, one of my all time favorites, Bottom Line FOLLOW THE MONEY!!!!!!

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  1. by Arjun Walia

    April 15, 2019
    from Collective-Evolution Website

    In Brief

    The Facts:
    A document published by Wikileaks clearly implies that the United States had a “secret” base on the Moon that was destroyed by Russia. It’s one of many interesting documents that suggest strange things are and have been happening on the Moon.

    Reflect On:
    Is our world really as it’s been presented? There are millions of pages of documents that are classified by multiple countries every single year, how is it possible to really determine what’s going on behind the scenes? Why does secrecy rule?

    The Assange arrest is scandalous in several respects, and one of them is the effort of governments, and it’s not just the US government…

    The efforts to silence a journalist who was producing materials that people in power didn’t want the rascal multitude to know about… That’s basically what happened.

    Wikileaks was producing things that people ought to know about those in power, people in power don’t like that.

    So therefore we have to silence it.

    Noam Chomsky

    The idea that something strange may be happening on the Moon is not far fetched at all.

    In fact, given all of the information that’s now available within the public domain on the subject, it’s hard to see how it’s not a fact.

    We’ll get to some of that information later in this article; but first, let’s draw our attention to a strange Wikileaks document titled, “Report that UR Destroyed Secret U.S. Base on Moon.”

    Unfortunately, the document is not an electronic document, therefore access to its full contents is not available online. For anybody truly interested in reading the entire thing, a Freedom of Information Act Request (FOIA) may be in order.

    Without speculating here, we can conclude that this is what it says it is, a report regarding possible space wars that are taking place in the classified world.

    The document title alone not only exposes the reality of these alleged wars, but the possibility of a “Secret Moon Base” belonging to the United States that apparently was in operation until it was destroyed by “UR.” (Soviet Union)

    So, what other information exists, besides this document, showing that something strange is and has been happening on the Moon?

    There’s a lot of information, so it’s hard to know where to begin.

    First of all, the idea of bases on the Moon have been an open discussion within the government for a long time, although the information isn’t easy to find, but it’s definitely out there. A document from the government’s own publishing office is a great example.

    It clearly shows one of the goals of the United States government is to build a base on the Moon, and this is as far back as 1966.

    A portion of the document reads, with reference to presidents Kennedy and Johnson in a statement by HON. George P. Miller:

    I also believe that we can and will achieve the goal set by Presidents Kennedy and Johnson: a manned landing on the moon before 1970.

    My own confidence in our rapidly advancing science and technology is such that I can visualize many more dramatic achievements ahead, although I will fix no timetable for them.

    1 – The exploration of the lunar surface, and possibly the establishment of one or more permanent bases there.

    Source

    Furthermore, decades old documents have been declassified discussing this topic, showing just how serious and far possible advancements with these intentions have gone.

    Take a look at the screen shot below, taken from the CIA electronic reading room in the form of a memorandum that was addressed to the CIA director regarding “Military Thought (Top Secret)” by Lieutenant General N. Korenevskiy.

    The document above really goes into detail regarding the importance of weaponizing space.

    This brings to mind another document from Wikileaks, in the form of an email that was sent to politician John Podesta from Dr. Edgar Mitchell, Apollo 14 astronaut, and Dr. Carol Rosin.

    It reads as follows:

    Dear John,

    Because the War in Space race is heating up, I felt you should be aware of several factors as you and I schedule our Skype talk.

    Remember, our nonviolent ETI from the contiguous universe are helping us bring zero point energy to Earth. They will not tolerate any forms of military violence on Earth or in space.

    The following information was shared with me by my colleague Carol Rosin shared, who worked closely for several years with Wernher von Braun before his death.

    Carol has worked on the Treaty on the Prevention of the Placement of Weapons in Outer Space, attached for your convenience.

    A declassified report by the Air Force Nuclear Weapons Center from June 1959 shows just how seriously they considered a plan called Project A119.

    In general, they wanted to investigate the capability of weapons in space as well as gain further insight into the space environment and the detonation of nuclear devices within it.

    Interesting to say the least, but it’s important to recognize the intentions behind the letter, and that is the recognition that humans have brought and will continue to bring their destructive ways into space by weaponizing it or attempting to weaponize it.

    With all of this documentation, it’s also interesting to look into witness testimonies from credible sources.

    In the 1950s, Colonel Ross Dedrickson was responsible for maintaining the inventory of the nuclear weapon stockpile for the AEC, and for accompanying security teams testing the security of the weapons, among many other duties.

    When it comes to weaponizing space, which is clearly outlined within multiple documents linked above, this is what he had to say:

    “I also learned about incidents involving nuclear weapons, and among these incidents were a couple of nuclear weapons sent into space that were destroyed by the extraterrestrials…

    At the very end of the 70s and the early 80s, we attempted to put a nuclear weapon on the Moon and explode it for scientific measurements and other things, which was not acceptable to the extraterrestrials.

    They destroyed the weapon before it got to the Moon.”

    source

    Dedrickson is one of hundreds of whistleblowers with verified, credible and impressive backgrounds to speak up about an extraterrestrial presence.

    In that same interview, he went on to state that:

    A spacecraft went to the rescue of Apollo 13, and they accompanied Apollo 13 on their voyage around the Moon back to Earth. And on two occasions they thought they might have to transfer the crew to their spacecraft, but they saw them safely back to Earth.

    This may explain why several astronauts have also been quite outspoken about an extraterrestrial presence, like,

    Edgar Mitchell

    Brian O’Leary

    Story Musgrave

    Gordon Cooper,

    …and many others.

    Another document from 1965 regarding the CIA keeping tabs on Soviet space plans reads as follows:

    Keep in mind, this was more than 50 years ago…

    Below is an interesting quote from Carl Sagan:

    It is not out of the question that artifacts of these visits still exist, or even that some kind of base is maintained (possibly automatically) within the solar system to provide continuity for successive expeditions.

    Because of weathering and the possibility of detection and interference by the inhabitants of the Earth, it would be preferable not to erect such a base on the Earth’s surface.

    The Moon seems one reasonable alternative.

    Forthcoming high resolution photographic reconnaissance of the Moon from space vehicles – particularly of the back side – might bear these possibilities in mind.

    Image Analysis of Unusual Structures on the Far Side of the Moon in the Crater Paracelsus C

    George Leonard’s 1976 book, Somebody Else is on the Moon, and Fred Steckling’s 1981 book, We Discovered Alien Bases on The Moon, also come to mind when discussing this subject.

    Members of the Society For Planetary SETI Research (SPSR) published a paper in the Journal of Space Exploration about certain features on the far side of the Moon that appear in the crater Paracelsus C.

    Titled “Image Analysis of Unusual Structures on the Far Side of the Moon in the Crater Paracelsus C,” it argues that these features might be artificial in origin.

    The study makes a great point when it comes to the extraterrestrial hypothesis:

    A decidedly conservative mainstream scientific establishment often rejects anomalies based on subject matter alone, i.e., there cannot be alien artifacts on the moon because there are no alien artifacts on the moon (or other planets).

    Such a view is an example of circular reasoning, based on the belief that extraterrestrials do not exist, or if they do exist that they could not have traveled to our solar system.

    The truth is,

    “there is abundant evidence that we are being contacted, that civilizations have been visiting us for a very long time.”

    Dr. Brian O’Leary

    former NASA astronaut and Princeton Physics Professor

    When it comes to the Moon, man-made bases may not be the only ones there.

    As far as our own bases are concerned, Karl Wolfe, who was a precision electronics photograph technician at Langley Air Force Base, became well-known when he provided his testimony at National Press Club in Washington, D.C. as part of Dr. Steven Greer’s Disclosure Project.

    Wolfe’s testimony revealed that he was taken into a dark room where images from NASA’s Lunar Orbiter were being developed and stitched together into composite images called “mosaics.”

    “They were doing 35 mm strips of film at the time which were then assembled into 18 ½ x 11 mosaics. Those strips were from successive passes around the Moon and they would build up a photograph ,” Wolfe said.

    source

    “We walked over to one side of the lab and he said, ‘By the way, we’ve discovered a base on the backside of the moon’.”

    Dr. John Brandenburg, the Deputy Manager of the Clementine Mission to the Moon, which was part of a joint space project between the Ballistic Missile Defence Organization (BMDO) and NASA, has also made some fascinating revelations.

    The mission discovered water at the Moon’s poles in 1994 (Source: page 16 of 18).

    But, according to Dr. Brandenburg, the Clementine Mission had an ulterior agenda:

    “The Clementine Mission was a photo reconnaissance mission basically to check out if someone was building bases on the Moon that we didn’t know about. Were they expanding them?…

    Of all the pictures I’ve seen from the Moon that show possible structures, the most impressive is a picture of a miles-wide recto-linear structure.

    This looked unmistakably artificial, and it shouldn’t be there. As somebody in the space defence community, I look on any such structure on the Moon with great concern because it isn’t ours, there’s no way we could have built such a thing.

    It means someone else is up there.”

    Quote from the documentary, “Aliens on the Moon.”

    Welcome to The World of Secrecy

    A Michigan State University economist teamed up with multiple researchers, including Catherine Austin Fitts, former assistant secretary of Housing and Urban Development.

    They found trillions of unaccounted for dollars missing from housing & DoD and going towards black budget programs.

    We are talking about Special Access Programs (SAP). We have unacknowledged and waived SAPs. These programs do not exist publicly, but they do indeed exist.

    They are better known as ‘deep black programs.’

    A 1997 US Senate report described them as,

    “so sensitive that they are exempt from standard reporting requirements to the Congress.”

    source

    I am mentioning this stuff because, whatever is happening with regards to the Moon, you can bet that it’s being funded by trillions of dollars from within these deep black budget programs. These are our tax dollars hard at work.

    We don’t really hear about black budget programs, or about people who have actually looked into them. However, the topic was discussed in 2010 by Washington Post journalists Dana Priest and William Arkin.

    Their investigation lasted approximately two years and concluded that America’s classified world has:

    Become so large, so unwieldy and so secretive that no one knows how much money it costs, how many people it employs, how many programs exist within it or exactly how many agencies do the same work.

    source

    The Takeaway

    Our world is not how it’s been presented.

    Many subjects once and that still are deemed as a “conspiracy” are clearly not a conspiracy. Strange things happening on the moon and UFOs, for example, are one of several great examples.

    It’s OK to explore these things, but it’s vital that we examine good sources and present good sources when we do so.

  2. January 01, 2012

    from TheDailyBell Website

    The Daily Bell is pleased to publish an interview with financial advisor Catherine Austin Fitts.

    Introduction

    Catherine is the president of Solari, Inc., publisher of The Solari Report, and managing member of Solari Investment Advisory Services, LLC and Sea Lane Advisory, LLC.

    Catherine served,

    as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc.

    as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration

    was the president of Hamilton Securities Group, Inc.

    She graduated from,

    the University of Pennsylvania (BA)

    the Wharton School (MBA)

    studied Mandarin Chinese at the Chinese University of Hong Kong

    Daily Bell: For those who don’t know, give us a rundown of your current business and economic preoccupations.

    Catherine Austin Fitts: I publish the Solari Report, a private bridge call and blog focused on building personal and family wealth. I also provide investment advisory services through Solari Investment Advisory Services LLC and Sea Lane Advisory LLC.

    Daily Bell: Give us a sense of your background and childhood.

    Catherine Austin Fitts: I grew up in Philadelphia in the United States. As a child, I witnessed the destruction of wealth by networks engaged in organized crime and financial fraud and the covert operations that supported them. It started a life-long fascination with understanding how money and the financial system work, including in places, and how healthy cultures could prevail.

    My mother was an economist who retired from the Philadelphia Federal Reserve to have children. My father was a surgeon and trauma expert who loved caring for people. I watched them struggle with the growing corruption as it ultimately tore our family apart.

    I traveled around the world during college, studying Mandarin in Hong Kong, and then graduated from the University of Pennsylvania and received an MBA at Wharton. After graduation, I went to work at Dillon, Read & Co. Inc., a small Wall Street investment bank that is now a part of UBS.

    I chose Dillon Read as the firm offered me a chance to work in many different areas. I kept moving from one area and type of work to another, trying to understand different parts of the economy and financial system.

    Dillon had a tradition of public service. After I became a managing director and member of the board, we sold the firm and after our initial employment contracts ended, numerous members of the firm joined the Bush Administration. I did as well, becoming Assistant Secretary of Housing – Federal Housing Commissioner in 1989.

    After serving in the Bush Administration for 18 months, and deeply disturbed by the mortgage fraud, I left and started an investment bank, Hamilton Securities Group.

    My hope was to use software technology and the Internet to help decentralize the capital raising process in a manner that could, in combination with government reengineering, revive the US economy and improve pension fund returns as globalization was shifting significant employment and income abroad.

    Decentralizing the economy in a manner that grows decentralized equity ownership was not the direction taken by Washington and Wall Street. Instead, the strong dollar policy was instituted and a debt bubble, led by a global housing debt bubble, financed enormous shifts of capital globally in a manner that aggressively centralized political and economic control. I have described this process as a “financial coup d’état.” (See http://solari.com/blog/financial-coup-d'etat/).

    To help facilitate the US housing bubble, the federal government targeted Hamilton. I spent eleven years engaged in litigation. This process forced me to research the US black budget, including related organized crime and financial fraud both domestically and globally.

    I have described these events in detail in writings available online. (See http://www.dunwalke.com/gideon/, including the link to: Dillon, Read & Co. Inc. & the Aristocracy of Stock Profits).

    During that time, I had a number of private families request my assistance in protecting their assets from the risks created by the changes underway. I found that I very much liked helping individuals and families directly. Consequently, after completing the litigation, I started Solari Investment Advisory Services.

    I had a number of my clients in funds managed offshore.

    After Dodd Frank, the funds were returned to US investors and I started Sea Lane Advisory with my partner Chuck Gibson of Financial Perspectives in the San Francisco Bay area to provide an alternative.

    Daily Bell: Are things getting better or worse from a corruption and freedom standpoint in the US?

    Catherine Austin Fitts: Things are getting worse. On a positive note, there are some advantages to have the “beast” come out of the closet.

    Daily Bell: Give us a summary of your perspective regarding Wall Street – and what happened to you in a little more detail.

    Catherine Austin Fitts: I think Wall Street is the pit bull, not the master. The $64,000 question is, of course, who is really in charge and why are they behaving this way?

    I have had the opportunity to operate at high levels in Washington and Wall Street and have never met a person who did not function as if they were a prisoner of the system. Often, that “system” did not permit them to function on a lawful basis. This implies highly centralized governance if this many people are functioning in an insecure, limited or unlawful way.

    The people who manage our financial system are also operating with significant double binds. This is what I try to describe with my red button story:

    “In the summer of 2000, I asked a group of 100 people at a conference of spiritually committed people who would push a red button if it would immediately stop all narcotics trafficking in their neighborhood, city, state and country.

    Out of 100 people, 99 said they would not push such red button. When surveyed, they said they did not want their mutual funds to go down if the U.S. financial system suddenly stopped attracting an estimated $500 billion – $1 trillion a year in global money laundering.

    They did not want their government checks jeopardized or their taxes raised because of resulting problems financing the federal government deficit.”

    So it is not appropriate to assume that the corruption is just at the top.

    Indeed, most citizens in the first world have been the economic beneficiary of what James Turk calls “the central banking-warfare model.”

    At the same time, we have all been limited by suppression or control of knowledge and technology that could significantly improve global living standards. The spiritual, environmental and cultural costs of this model are enormous.

    What my experience helped me to understand is that we are governed by a group of people who have the power to kill, and otherwise break the law, with impunity.

    As the Secretary of HUD once said in my presence,

    “I don’t have to obey the law, I report to a higher moral authority.”

    This power appears to come in part from the ability to use deeply invasive digital systems to gather intelligence, transact and monitor as well as from invisible weaponry, including satellites and weaponry controlled or delivered from space.

    As Western countries move investment into the emerging markets, their satellites and military move to police this global investment. Investors do not invest where they cannot enforce.

    So in a sense, financial globalization is pressuring the United States to become a global military empire.

    Daily Bell: Can Wall Street be cleaned up?

    Catherine Austin Fitts: Of course it can. However, before it can, the question is: What is the investment and financial model that will replace the central banking-warfare model and how will it be implemented?

    Part of the economic warfare that is raging throughout the financial markets relates to the squabbles between the different countries and factions that want to come out on top. The greater the uncertainty about the model and the greater the change, the uglier the process will be.

    Depending on the politics, market forces and new technology have the potential to significantly reduce Wall Street’s market share in the global financial system.

    Daily Bell: Is the SEC the regulator to do it?

    Catherine Austin Fitts: Our society has integrated warfare with financial markets. So, for example, if we want to checkmate the Chinese, the oil price is driven up. Or when Treasury wanted to bubble the dollar, the gold price was suppressed.

    Yelling at the SEC or the CFTC to regulate more is not going to solve the problem.

    In a sense, to regulate in these markets you need the SEC to team up not only with the CFTC but also with DOD and ONI. And they need to coordinate with their counterparts around the world. And you need greater literacy in the investing public about how financial systems really work.

    Our political class believes that dumbing people down and using controlled media, entrainment technology and subliminal programming to manipulate is the way forward.

    I am from the Winston Churchill school, “Tell the people.” The greatest waste in our society is the broad-based intelligence that is not being unleashed because our markets are not truly free markets.

    Clearly, the political class has been instructed to make sure they do not work.

    Daily Bell: Does financial regulation work? Will more work better?

    Catherine Austin Fitts: The Tao Te Ching says:

    The more restrictions and prohibitions there are, the poorer the people become
    The sharper the people’s weapons are, the more national confusion increases
    The more skill artisans require, the more bizarre their products are
    The more precisely laws are articulated, the more thieves and outlaws increase

    More laws or regulation will not address the underlying failure of enforcement and the need for a new investment model.

    Daily Bell: Would markets be better off if they were MORE free and private watchdogs were allowed to take over from public ones?

    Catherine Austin Fitts: Not necessarily. Again, we need to address the question,

    “Who is the breakaway civilization, what are their weaponry and surveillance systems and what systems will work successfully to shift their behavior in a positive manner?”

    This, of course, leads to additional questions, such as,

    “What do they know that we do not know and how would we behave if we had that knowledge?”

    Setting private watchdogs to regulate these guys is a bit like landing on Normandy Beach with a water pistol.

    This enforcement question is one of the reasons I focus on the power of transparency combined with individual intention and action to bring positive change.

    A few regulators are an easy target. Millions of private citizens and investors shunning dirty players in the markets are not. Globally, they become a mighty force. However, that means that as a cultural matter the human race must become deeply committed to respecting everyone’s individual rights, not just one’s own.

    Daily Bell: Are central banks responsible for much of the current chaos?

    Catherine Austin Fitts: This takes us back to the central question – who is in charge and why are they behaving the way they are behaving? I don’t think we know the answer to those questions.

    Daily Bell: Would you like to see central banks shut down? Or do you think banks like the Fed ought to be nationalized, as Ms. Ellen Brown wants?

    Catherine Austin Fitts: I agree that a Federal Reserve System under the ownership and control of the US government would better serve us in a system in which the information and clearance systems are owned, controlled and operated by government employees NOT by private defense contractors and where the rules regarding access to information are strictly observed and enforced.

    Of course, that means we would have to return the Treasury and US agency information systems back to government employee management.

    If you map out the information systems and databases at the US government, including at the Department of Justice, the SEC and the US Treasury, you will understand why I say that there has been a financial coup d’état. There has also been a financial data coup d’état.

    During the hearings on Enron, I pointed out that the Department of Justice had not asserted control of Enron’s documents. However, as the chairman’s of Enron’s finance committee was a key investor and board member in a company that was running information systems for the Department of Justice and the SEC, it would appear that Enron insiders had asserted control of the government’s documents.

    Can you imagine investigating someone who is a controlling investor in a company running the information systems for your enforcement division? How is that supposed to work?

    Financial sovereignty requires information sovereignty.

    Daily Bell: Let’s switch gears. If the United States is an empire, will this century see another power rise to challenge it? China perhaps?

    Catherine Austin Fitts: The greatest threat to US hegemony in Asia is Japan. Or at least it was Japan until Fukushima happened.

    I don’t underestimate the threat that Germany poses, particularly if we get a real split of the Anglo-American alliance from the continent as a result of the re-arrangements around the euro and Germany grows closer to Russia. Remember, one of the reasons that the European Union happened was that the rest of Europe, with bitter memories of WWI and WWII, wanted to integrate Germany into the whole of Europe.

    China is formidable, but they are checkmated by the need to feed and employ such a large population.

    Right now, the United States’ lead in satellites, weaponry and control of the sea lanes makes it dominant. The question is how long that can continue if America itself devolves into a barbaric country. Force and technology alone do not result in greatness and the invasiveness of the model has become not just financially oppressive but deeply perverted.

    As China is burdened with a large population, the United States has an aging population that is not prepared for the changes underway. How the US is going to manage their expectations and fund their retirement is an unanswered question.

    Daily Bell: The invention of the Gutenberg Press was, in our opinion, the proximate cause, eventually, of the Thirty Years peasant war that raged across Europe – a war generated by an elite that had the most to lose from the Gutenberg Press’s ability to bring literacy to the masses. Are we seeing a similar paradigm today?

    Catherine Austin Fitts: Yes. Digital technology permits higher learning speeds generally. However, it also makes highly centralized management and manipulation possible, aka “the matrix.”

    Daily Bell: Is war necessary for those in charge of the US Empire to maintain control?

    Catherine Austin Fitts: Yes. The US Empire is financially dependent on the violation of individual rights globally and access to cheap natural resources. This requires various forms of covert and economic warfare as well as overt military wars.

    Daily Bell: Once the Empire topples, or as it does, will another take its place?

    Catherine Austin Fitts: I do not assume that the Empire will topple. It has the ability to NOT topple.

    Whether it does or not is a political and military question – not an economic or financial question. The Empire’s challenge is how to maintain liquidity without trust and how to maintain productivity without markets. It is trying to do too much with force and covert methods.

    If it does topple, the competition to become the regional hegemons will accelerate and organized crime will move into the power vacuum. As ugly as the Empire can be, there are uglier forces at work.

    Ask yourself: Does the Russian mafia have nuclear weapons? I assume so.

    Daily Bell: What would be the result of more global centralization?

    Catherine Austin Fitts: It would be more of the same – including increases in poverty, slavery and depopulation. Aaron Russo knew what he was talking about when he said warned us that these folks want spy chips in everyone and everything.

    Daily Bell: Is a gold standard, or a gold and silver standard, the normal outcome of a peaceful, market-based society?

    Catherine Austin Fitts: Not necessarily. Currency systems are part of governance systems. We should look at the currency question integrated into the question of who is going to govern and manage and in what process with what kinds of disclosure.

    For example, there are many attractive features of a gold and silver standard. However, the ownership of precious metals is limited to a small group of the global population. If we suddenly adopt gold and silver as our currency standard, it will benefit a small group of people in a manner that could make things worse.

    Nevertheless, I would far prefer that to a digital system working through the Internet and hand-held devices that allow all financial data to be centrally accessed and controlled.

    Bottom line: Don’t fall into the trap of proposing currency systems on a stand-alone basis. You want to know who is going to run things and with what processes and disclosure. Then you get into the aspects of the different financial tools that help us do that.

    When I look at a company, the first thing I look at is the quality, experience and networks of the people who govern, manage and own it.

    It is the same with the global financial system. Without high quality people who are free to govern in the best interests of all concerned or as stated by law, charter and contract, there are no solutions. Put excellent people in charge throughout society and I assure you they can run things remarkably well, even if forced to struggle with lousy currency systems.

    Along with better currency systems, we also need to shift out of dependency on debt and into an equity based financial system. Equity tends to build alignments and cooperation.

    Debt facilitates warfare with “buy now, pay later” economics that makes sure the financiers can win no matter the outcome.

    Daily Bell: Does the Internet have a role in a new monetary system?

    Catherine Austin Fitts: Yes. However, the Internet is the ultimate surveillance “op.” Which means we have to have monetary systems that offer us robust transactions and value storage options in the material world that offer complete privacy without debasement. That means we need systems that function offline between private parties.

    Daily Bell: Is the Austrian School making substantial inroads?

    Catherine Austin Fitts: Yes, thank heavens. Let’s hope they make more. However, as the centralizers want to use social media and online systems to help centralize transactions and move to digital control of currencies, anticipate lots of “woo-woo” proposals about “new money systems.”

    I was just at a wonderful conference in Switzerland and heard some of the most terrifying proposals for “a world without money.”

    Having the Austrians by my side did me a world of good. I kept trying to explain to the most wonderful people that after you have turned over trillions of dollars of bailout money to one group who has now centralized tremendous ownership and power, to voluntarily swear off money means to decrease your power in a way that increases theirs. Is that a good idea?

    We need to look at all these ideas through the prism of economic warfare. An eco-village can be a wonderful idea if the people who participate choose to create it and grow it well. However, that idea in the hands of the wrong people can be a design for labor camps.

    So be careful with monetary ideas. The best monetary reforms are ones you will do in your life, today, now. Change starts with me and what works for me right now in my day-to-day transactions.

    For example, check out the calculator we made with Franklin Sanders of the Moneychanger to support people who want to use silver and gold to conduct transactions. Otherwise interesting ideas can turn into weapons in the hands of those who do not have our best interests at heart.

    Again, one man’s eco-village is another man’s labor camp. One man’s gold standard is another man’s plan to reduce a population to a feudal state to his advantage.

    Daily Bell: What about the EU and the euro? Will either or both survive?

    Catherine Austin Fitts: Force can make any system go, if you apply enough force and are willing to tolerate sufficient wealth destruction and depopulation. Witness the dollar. Numerous benefits come to the average American as a result of the dollar being the reserve currency. At the same time, the force used to make the system go and the debasement of both the currency and the culture that results is destroying America.

    The same is happening in Europe. My expectation is that the euro will survive for some time with fewer countries subject to the Lisbon Treaty.

    The euro as a currency system makes no sense. Europe has different people, with different languages, in different economies. There is no “we” here.

    Different currencies would allow markets to work. So Europe would be wealthier with different currencies. But then the people centralizing the economy would not be able to pick up equity cheap in the PIGS with disaster capitalism tactics.

    Do they have the force to keep the system going? Yes, at least until enough people can see the game for what it is and are prepared to act in the face of force.

    Daily Bell: Do you have an opinion on China? We believe it’s headed for a crash landing.

    Catherine Austin Fitts: China is struggling in the shift from exporter to the West to a country with more significant internal consumption. Their political challenges are formidable – including keeping one billion people employed and managing a new generation that is dominated by too many single male children.

    However, China has an extremely productive culture and people. They think strategically, are very hard-working and love to learn and invest. The Roman Empire and the British Empire went broke trading with the Chinese, until the Brits turned to opium.

    I think a growing China is here to stay. Yes, they may slow down as, like the rest of us, they choke on misallocations of capital that occur in bubbles. I don’t think they will crash unless the currency wars lead to a global meltdown and war. Their long-term outlook is quite positive. Remember that our success is very much tied to their success.

    Oversimplified, if the young people of this world are not successful what would happen to all of us? Elders need youngsters. In part, that is what the shift of capital to the emerging markets is all about.

    Daily Bell: What are some of the most important issues pertaining to free markets, in your opinion?

    Catherine Austin Fitts: The most important issue is transparency. The second is integrity of contracts and agreements.

    Daily Bell: What are the fundamental obstacles to recovery?

    Catherine Austin Fitts: We are experiencing an ongoing financial coup d’état that is centralizing power.

    Symptoms include an absence of transparency, deteriorating integrity of contracts and agreements, environmental deterioration, a “breakaway civilization” that appears “out of control.”

    I would add to this the use of financial markets for warfare as opposed to facilitating the allocation of capital and trade.

    The ultimate codification of things like transparency and integrity of transactions is not the law; it is the culture. A variety of forces are systematically breaking down our physical health and our culture. That cultural corruption is the greatest obstacle.

    Daily Bell: What are the fundamental issues pertaining to a healthy recovery?

    Catherine Austin Fitts: We have to get to the bottom of who has been centralizing and why, what is the technology they have and where it is they are planning to go with this.

    Daily Bell: Is there a power elite that is trying to create one-world government? If so, is it succeeding?

    Catherine Austin Fitts: Yes, there is a concerted effort to create a one-world government and evolve to a one-world currency. It has been succeeding.

    As the “financial coup d’état” becomes more obvious, centralization is entering a critical stage as more and more people globally react negatively to the effort and related tactics.

    Indeed, our current currency wars reflect a natural pulling away from centralization that is healthy.

    Daily Bell: What endeavors are you involved in that you want to point out to our audience? What’s most important to you that you would like our audience to be aware of and support?

    Catherine Austin Fitts: My focus is on the preservation and growth of family wealth.

    If you study the economy bottom up, it is built by people. Successful economies are built by family enterprises that ultimately contribute significant amounts of financial and civic capital and provide environmental stewardship, not to mention raising our future leaders.

    Family wealth is threatened by centralized control. Specific issues that I tend to focus on include the centralization of the seed and food supply in combination with the patenting of life.

    Others include environmental pollution, financial fraud and insufficient transparency to support individual investors and erosion of property rights and individual liberties.

    Daily Bell: What are the most important – seminal – works of yours that you would encourage everyone to read? Where can they be found?

    Catherine Austin Fitts: I have spent quite a lot of time thinking about how we could shift the management of institutional capital to a new model. You can read more about the Solari Investment Model.

    Daily Bell: Finally, give us your best estimate of where is gold headed, pricewise, over the near- and long-term.

    Catherine Austin Fitts: Gold is still in a long-term bull market. I anticipate the high for 2012 being somewhere between $2000-2200. Where the price ends up long-term is very much a function of monetary policy in the long-run. Gold is not increasing in value so much as fiat currencies are debasing.

    I believe that inflation will continue to be the policy choice to manage global debt positions.

    One of my greatest concerns is the push for a Constitutional Convention in the United States. If such a process were hijacked in a manner that fundamentally altered the Constitution, it would create the conditions to make it much easier to manage through deflation. That could have a significant impact on the relationship globally between financial paper and tangibles, including precious metals.

    The amount of new technology that could be integrated over the next decade is quite significant. In a more positive scenario, a combination of the global rebalancing and new technology could cause the equity markets to shake off the debt burden and leave precious metals in the dust.

    That still leaves the question of how people are going to access the necessities of life if technology provides what labor used to AND the centralizers continue to handicap or disallow small business and entrepreneurship and force hundreds of millions of farmers off their land and into the cities.

    If hedge funds can borrow at 1% or less in a carry trade but I have to pay 30% to finance the local farm or meat market, the transition to devalue labor can offset the monetary inflation, but it can also make for a very ugly world.

    Daily Bell: On behalf of all of our readers we thank you for sharing your views with us, and hope to hear from you again soon. And we encourage all readers to visit Solari.com and consider learning more about your work. Thank you.

    Catherine Austin Fitts: Thank you! I enjoy reading the Daily Bell and am honored to have this opportunity. Thank you for all you and your readers do in this world.

    Daily Bell: Thank you.

  3. It should be noted who Catherine Austin Fitts is. She is one of the better financial analysts out there who has been the Asst Director for HUD. You will find a very large presence of her on YouTube. Her research into the missing $21 plus TRILLION. which was assisted by a large team of graduates from a major eastern university, is a real eye opener.

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