Dollar Dominant & Dangerous – System Not Stable – Catherine Austin Fitts

Anthony Australia 09/16/2018  •

We are certainly in Never Never Land here.
https://youtu.be/oRe83vtp13g

https://youtu.be/aJUpd0O-7b8

The positive is that when people finally click to the fact that metals is real wealth there will be a stampede. Most citizens are sheep and follow trends; real estate, crypto’s and the stock market being the flavour of the last few years (all purchased on borrowed money). DEBT + Increasing interest rates = Annihilation

Keep up the great work Greg.

Maria das Santos 09/16/2018  •

Thanks Mr Hunter and Dr Austin Fitts,learning quickly is hard.
Here in the UK our largest department in “Informatics”at our universities is based in Edinburgh,according to their website.What they are doing with the information I dread to think,where academics flow control is not far behind.China’s attempts at controlling its people is but a blueprint for our control freaks in government here.
Sadly the honesty of government as well as companies is obviously laid bare,so the honesty of stuff like unemployment and inflation now reeks of decay.The previous BLS report was beyond repugnant in its lies.
Much of that $21Trillions has also been sunk into greedy hands,look at the car dealerships around the satellite towns of Washington DC,surely that tells you a lot along with the financial advisers concentration for all that juicy money hidden off shore.
Here in the UK our government is greedily eyeing all those fixed assets,farms,mansions and estates,owned by non residents ripe for plucking,yes even those apartment blocks which the Chinese have flooded into,who are being called the most dreadful names by developers and their bankers.
Still our economy here still sucks and our government cannot buy enough USA based shares quick enough.Robotics are becoming endemics in what little manufacturing we have,and a plague in services.Why a trip to your local pharmacy and the drugs have not touched human hands.But,we have voted for this seemingly.

al 09/16/2018  •

Greg,

This whole 10 year ride has been nothing but a frustrating, confusing and a totally complicated menagerie.

I love Catherine but she’s all over the place with over-complicated matters that are very hard to follow. Sorry.
Speed learning is not the issue here, I totally disagree with that. It’s as simple as a Global Mafia Takeover! She even alluded to that in times past.

As a computer Engineer I can prove that AI is a marketing term. It’s basically an elaborate database and not Intelligent. Intelligence encompasses other factors that are carnal in nature. AL is more like it, Artificial Learning.

From what I understand we are NOT going to know where the $21Trillion went or if it’s possible to get it back, but what’s more disturbing is that Real Estate and Stocks (equities) are going to keep going up due to Central Banks and Governments systematically buying such “assets” rather than Treasuries, so we’re at a market bottom in Stocks and Equities???

Either she’s being fed BS data or your other very astute and leaned guests are. There are discrepancies in the overall message here or maybe I’m missing something because of a lack of “speed learning” LOL.

My Mother said it best, “when something is unduly over-complicated, it’s BS”.
Yes, I am being critical of Catherine’s unduly over-complicated delivery as if she’s trying to impress a Goldman Sachs Analyst. You tried to keep her on track but she had to go on and on and add dozens of complicated matters to her statement which all points back to what my Mother said.

I’m sorry Greg, you have an excellent channel but this Interview gets a thumbs down from me.

Country Codger 09/16/2018  •

Hi Greg,
I love every interview with CAF. She has a beautiful mind. This time she knocked it out of the park. Great interview Ms. Fitts.
Lo Iyrah!
Shalom,
CC

paul ... 09/16/2018  •

Seems getting about 16% a year on a real estate investment is not a sufficient return anymore (with inflation running at about the same rate) … will Mnuchin now invest the money in silver at the bargain basement price of $14 dollars per ounce?? … https://www.zerohedge.com/news/2018-09-15/mnuchin-lists-park-ave-apartment-325-million-three-times-what-he-paid-it

Diane 09/16/2018  •

Excelent!!!!!!

Edwardo 09/16/2018  •

Hi Greg,

CAF made us of the phrase “real wealth”. What I take her to mean, and, frankly, what I take most to mean by use of the term “real wealth” is ownership/control of “capital”, broadly defined. However, as CAF implicitly makes clear time and time again, “real wealth” is actually the aggregation of political influence, and it this aggregation of political influence which paves the way for the acquisition and/or maintenance of capital, broadly defined.

I hope it is apparent why this distinction is crucial to make within the context of the discussions you are having, and have had, with a variety of people about what the future holds vis a vis, politics, money, assets, and, more generally, for the nation as a whole.

I believe there is a genuine consensus that the aggregation of political influence in the U.S. has, for a long time, been heavily skewed with mostly unfortunate consequences. However, I maintain that as unpalatable as this condition is, it’s ultimately symptomatic of something else CAF touches on, namely the Bretton Woods system. In fact, we toil in a post Bretton Woods arrangement, aka the $IMFS, the dollar based monetary and financial system which has been in place since the early nineteen seventies. My view is that the $IMFS is coming to a close, albeit at a pace that is, quite plainly, glacial.

CAF espouses the idea that we are transitioning from the present debt based system to one based on equity. My view is that it is more likely we are moving to a *different* debt backed system that, crucially, makes use of a specific time honored type of equity.

Some color: The aforementioned $IMFS’ most salient feature is that, where credit and debt creation are concerned, it is, quite simply, all spur and no brake. This is in stark contrast to some of the world’s predecessor monetary and financial systems that, whatever their flaws, featured a systemic regulator of credit in the form of physical gold. Crucially, Real Bills notwithstanding, gold before the $IMFS was not available in proxy form, and, therefore, was fully capable of acting as a systemic regulator of credit.

Suffice it to say that our system’s unerring tendency towards rampant credit and debt creation is directly and primarily responsible for the wanton mal-investment and misallocation of capital (and the massive debt piles, both public and private) that obtain all across the world. In fact, without digressing, and adding greatly to this already lengthy commentary, most of the grotesque corruption you discuss with CAF and others flows directly from the $IMFS.

Central banks rightfully come in for copious criticism of their mis-management of the $IMFS, but they are, quite frankly, simply ill equipped, in every possible way, to adequately manage this system. Which brings me back to my view on what the future holds, namely,

A different debt backed system- that avails itself of a specific form of equity. #Au

Wherever one looks, there is scant evidence amongst central bankers, financial pundits, and senior government officials that they grasp what lies at the heart of the $IMFS’ ills. However, if we look outside the aforesaid ranks there is ample evidence that those with the means to do so are preparing for a transition away from this system. As I’m sure you’re aware, some key monetary authorities, authorities that, crucially, serve nation states that run consistent trade surpluses with the U.S., i.e. China and Russia, and the EZ, have long since stopped adding to their dollar reserves. At the same time, Russia and China, in particular, have quietly added to their stockpiles of physical gold.

I *do not* take the ongoing efforts towards stockpiling gold to mean an inevitable move back to an old style gold backed system. Frankly, and no pun intended, fixing gold to credit has been discredited, but gold’s role as the asset of last resort (for the lenders of last resort) has, manifestly, not been. This is demonstrated by, for example, both China and the ECB holding gold marked to market on the asset side of their respective balance sheets. Gold must and will float in the next system- where gold is concerned, “floating freely” means physical gold trading in the absence of paper proxies- and the architecture to allow it do so is already in place as per the ECB and the PBOC.

The most glaring flaws of the present system, namely unbridled credit and debt creation, and the complete absence of a vehicle available to savers to maintain purchasing power, are all inextricably bound up with one another. Most importantly, these inadequacies will be addressed by a system where currencies and gold are allowed to float freely. Whether governments and monetary authorities fully recognize this is not crucial to such a system emerging, but it certainly bears on timing. What Winston Churchill once said of the U.S., “You can always count on Americans to do the right thing, after they’ve tried everything else” can almost certainly be said of most governments and central bankers. As a final thought, it should go without saying that silver is simply not part of the equation. The world only needs one store of value par excellence to help rebalance the system and it has long since chosen gold.

Gregory Mannarino 09/16/2018  •

ABSOLUTELY SUPER INTERVIEW Greg! VERY smart lady. Greg/everyone have a L@@K at this. “MARKETS: A Look Ahead (EXTENDED EDITION).” By Gregory Mannarino CLICK HERE: https://www.youtube.com/watch?v=PReQedSY0Oo

Justn Observer 09/16/2018  •

Greg….. As per EXECUTIVE ORDERS…How did the withholding of documents and emails play against EO 13526 Sec. 1.7 and why does not Congress and AG Sessions invoke it?
Seems this Mueller thing has dragged on long enough…

As for the Asia Rail and Land connectivity…the end points seem to be agricultural as their ability to feed their people diminishes daily and for a …..long period…..to come. I expect a huge pushback from Africa-Australia-and South America as they become aware of their own waning needs. As for Russia…who can not understand their needs and desires staring into that future aswell. Ukraine was/is their breadbasket of sorts…and their need for Mediterranean seaports as the artic ice flows grow…again.
Understanding that…might make Russia’s actions more understandable…forget the idiot Al Gore…he’s had it wrong from the start!
The Asia corridor and desperation to complete it before the ‘people’ become aware of it seems what is really at play…maybe the robot thing is to replace the expected die off as eluded to in the deagle.com de-population projections by 2025 of nations of the more extreme north and south hemispheres… More a reason why Potus Trump should revisit the U.S. central and south american policy. More an embracing of nations that were strong allies in the WW’s and the indigenous Aztec and Mayans ancient history…and less so of the ‘LATINO’ ruling class interests there. As for the ‘latino’ movement in the U.S. one needs to ask…if they will return to the Aztec and Mayans that which Spain and Portugal ‘latinos’ stole from them as that continent was ‘divided up’ at the Treaty of Paris was it not? Makes the ‘open borders’ policy of the DNC rather thin when you understand just who enslaved and stole from who! When the real ‘shiver me timbers’ moment hits…likely those laying under the mango and alvocado trees will not miss their opportunity to be shoveling snow so their solar panels can find the sun thru the artic mist! Any wonder why the Bush family purchased some much property in Paraguay? lol
Take a scroll down this page:
https://electroverse.net/category/crop-loss/

William Stanley 09/16/2018  •

Now, now TSI: I know that you understand the “nuances” of the bell curve, even though median IQ is not without its consequences.

Anthony Australia 09/16/2018  •

The MSM are ramping up now. (To save face)

https://www.theage.com.au/business/the-economy/we-don-t-have-any-strategy-to-deal-with-it-experts-warn-next-recession-could-rival-the-great-depression-20180917-p5046e.html

The Canuck 09/17/2018  •

I’m a bit confused. If robots and A.I. takes over, and quickly by the sounds of it, then how does the Asian countries become the new consumers of the world ? Are they not going to be displaced by these disrupting forces as well ? Where is their spending capital going to come from. It doesn’t add up. What am I missing ?

FC 09/17/2018  •

This is off topic but I can’t help thinking our we have the technology to weaponize weather and how the East Coast of America and South China were both hit with hurricanes at the same time………was it a natural coincidence or the modern version of military strength?

Kay 09/17/2018  •

There was once a crab competition for all countries in the world. All countries sent their crabs to compete. Then someone noticed that the stall from India had a huge box, but it was open. There was no lid for it to keep the crabs in. So people asked the man standing there Why is there no lid for these crabs. They may escape and spread here and there. The man replied- These are Indian crabs. They don’t need a lid. They are too busy pulling each other down. They won’t escape.

https://decisionstats.com/2009/03/30/indian-crabs-a-story/

I won’t put my money in India. 🙂

Diane 09/17/2018  •

Have any of you Watchdoggers received an email from the DEMOCRATIC PARTY asking you to send back an I support Democrats?
I just got one and sent it back with a
#walk away!
LOL

Carol Smith 09/17/2018  •

I am asking that listeners give to this truthful man, Greg Hunter. I am only a subscriber who gives a slight amount each month to help all of this reporting to continue.
I want to bless everything he does.
I am very grateful and have been listening to him for a long time.

paul ... 09/17/2018  •

Amazing chess move by Putin in Syria … getting together with Turkey to create a demilitarized zone around Idlib … frustrating the Deep State neocon warmongers who were prepared to start WWIII to save their Al Qaeda terrorist buddies … instead Putin “enclosed the cancer” rather then cutting it out … masterstroke … so the frustrated neocons shot down a Russian “AWAC” with 14 Russian electronic warfare specialists aboard trying by such other means to finally get their “hot war” started … but knowing Putin that ploy is not going to work either … guess all that staged movie film the terrorist have “of Syrian forces using chemical weapons on innocent civilians in Idlib” will now have to be trashed!

William Stanley 09/18/2018  •

Paul . . ., I had suspected that the Russian plane was an AWACS, thanks for the confirmation. I’ve heard the French did it. If so are they trying to draw us into something?
But, then, the US seems to have about 200 personnel trapped in Idlib. I wonder if the US is unable to exfiltrate them. Maybe “their terrorist buddies” are holding them hostage. What a mess.

H. Craig Bradley 09/18/2018  •

OLD MEN HAVE THE BLUES

Time to bring back David Stockman for some more of his commentary on how crazy markets and government spending are today. He is the ultimate critic of central banks, crony capitalism, and politicians of both parties who practice Keynesian economics.

His dire predictions are probably correct in the long term, but as John Maynard Keynes once said: ” We are all dead in the long term”. Guess that makes it all the more acceptable for some, just not David. When everyone is delusional normal appears out-of-style or odd to the majority. David Stockman sounds obsolete.

Thus, it all blends into a funny colored soup of fact, myth, and “urban legend”. The truth is whatever one wants to accept or believe. All opinions are relevant. However, David Stockman’s style of commentary never goes completely out-of-style.