Living in an Unfolding Financial Calamity (#2) – Catherine Austin Fitts

By Greg Hunter’s Part #2 (Click Here for Part #1)

Investment advisor and Former Assistant Secretary of Housing Catherine Austin Fitts says forget about the notion of a coming economic meltdown, we are already living in an unfolding financial calamity, now. Fitts explains, “The likely financial calamity is an acceleration of the ‘slow burn.’ It’s not that the stock or bond market comes apart. It is that the stock and bond market continue to be subsidized by liquidating all sorts of people, animals and living resources. In other words, we are liquidating all of life. To engineer central control, we are levering up the debt, and we are liquidating people and countries and things to basically keep that game going while somebody is walking off with tremendous amounts of money that they used to engineer central control. So, we have had an ongoing calamity since the mid 1990’s–serious financial calamity. If you are the people of Libya, you have already had your financial calamity. Calamity is not a big bang that we all experience together. We almost got ours in 2008 and 2009. Calamity is an ongoing process. Some are composted so others can live.”

Fitts also points out all the debt, including the $21 trillion “missing” money from the DOD and HUD. Add the missing money to the $22 trillion and you’ve got more than $43 trillion, and that is what we know about for certain. Fitts says everybody needs to be in on the economic fix of the debt system. Fitts contends, “We can’t sit around eating popcorn and wait for Donald Trump to fix it. We have to get into the trenches and fix it ourselves. We have the power to do it. If you look at your statistics, a lot of people have stopped watching CNN and started watching That is real power. . . . Why does anybody watch CNN?”

Fitts says, “We have now defined politics as entertainment. Every voter and every person is missing $65,000 from the ‘missing’ money ($21 trillion). Then there is $75,000 for each person for the bailouts and your ‘missing’ money, and you’ve got $140,000 per person. You are on the hook for that and probably another $50,000 in the next couple of years.  If you are on the hook for $150,000 and maybe another $200,000 total, that is $350,000. So, add that up for every family, and no wonder they want to play divide and conquer.”

Fitts also gives her opinion about what is going to happen with all the big legal cases that Attorney General William Bar is handling. Fitts thinks it will not be a very transparent outcome for “We the People.”

Join Greg Hunter as he goes One-on-One with the Publisher of “The Solari Report,” Catherine Austin Fitts, in Part #2 of this interview.

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After the Interview:

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To see Part #1 of the Catherine Austin Fitts interview titled Radical Economic Reengineering After 2020 Election,” click here.

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  1. Chris

    Yes, it will be bad in the dollar-centric world which is currently controlled by Washington because that world is shrinking rapidly as eastern nations turn to gold in order to reinvigorate and stabilise trade between nations, eschewing the US dollar. The result will be a loss a trading partners for the US leading to loss if export opportunities and, eventually, to the loss of whole markets. Why? It is because Washington refuses to participate in a gold-based trade and finance system which supplants, replaces the US Treasury bill which has been the de facto trade payment settlement instrument since 1971! It is no longer.
    Americans have to understand this fact because it will lead to economic privation within your country as you are squeezed out of markets, as your dollar loses value as a payment instrument domestically (massive inflation) and as America is shunned culturally and politically.

    If you study the German Great Inflation of 1919 to 1923 you will get an idea of what is coming – and you could say it is ‘divine’ retribution because it was caused, in large part, by the Allies led by America who wanted to destroy Germany for starting the First World War. The methods used were simply 1) confiscate Germany’s gold under the guise of war reparation payments (how had America suffered apart from the tragic deaths of her soldiers, sailors and airmen?) and 2) the starving of the German people by a continuing blockade of German ports by the British Royal Navy which began in late 1914. Those two things brought the collapse of the German economy which led to the hyperinflation of that currency from 170 marks for one ounce of gold in early 1919 to BILLIONS of marks (I think over 16 billion) for an ounce in November 1923.

    • K.Wayne

      Dow is down 700+ points
      Gold up $20 +
      DXY down .50
      China devalues
      America increases tariffs on China
      Crash ?
      Where are Nenner / Polny / Sinclair ?
      Yes this is August. Timing slightly off….but ….they all have the direction correct !!! Perhaps this is the start.

  2. Robert

    It seems many people are now predicting 2021-2022 as the new 1929 depression scenario. with World War 3 to follow and fought in Europe, but this time between China-Russia and the USA.

    Europe is pretty much toast now. Theres nobody left of any force to fight for the past dominant European cultures. Theyve all been diluted by the globalisation gurus and there love of anything anti-Europe. That same globalisation crowd wants to do the same to the USA.

    Sure hope our military is modernized enough because the thought of stoned on marijuana mellow ground troops, isnt going to be very intimidating to China and their partner Russia.

    I feel like Im watching my country be set up to lose to the globalist. When Bill Clinton signed NAFTA, that was the final dagger in our economy. Its been a slow bleed since then. Wish I’d given more credibility to Ross Perot.

    Sure glad I’m old because the future gets creepier by the day.

    • paul ...

      Robert … David Stockman feels the same way …

    • K.Wayne

      We don’t have to wait for 2021-22. We are living the Depression now and have been doing so for a decade.
      Remember if the FASB allows the Government to keep its financial agenda obfuscated, then everything else is game too. GDP, Employment and Inflation are all highly distorted and nonsensical…..and yet they are the prized metrics to measure the wellbeing of our Economy.

  3. mal

    Hi Greg,
    I suggest your readers go to Youtube and watch Eisenhower’s famous valedictory speech . It was only 17 minutes long but it was prophetic. We’ve all heard the famous “…military industrial complex ” warning . Most are unaware of how insightful that speech was. He was 60 years ahead of Catherine. He warned about the danger of government funded research. He warned the government contract would become the holy grail of academia. He warned that colleges and universities would cease to be places for the free exchange of thoughts and ideas.
    A few weeks ago Trump said something that referred to that speech and should have shaken the foundations of America but went right over most American’s heads. He said “…the military industrial complex exists. It wants war. I agreed to leave a few hundred troops in Syria but they never want to leave…”. Remember Schumer’s warning to Trump, “…he’s not being very smart taking on the deep state , they can get back at you six ways from Sunday”?Remember when Harry Reid called on the CIA to falsify Trumps briefings? Trump is in the fight of his life for control. The last president who was in that fight was JFK and we know what happened to him. Washington and Wall St. are morally, ethically and intellectually bankrupt.
    Lastly kudos to Catherine for reminding you that YOU are the real media!

    • Frederick

      No Robert Europe is far from toast I’m here in Warsaw and things are looking pretty darn fine And regarding World War I doubt it would look like past wars with nukes and intercontinental missiles being so prolific worldwide NOONE would be safe except maybe the elites who have built bunkers and even they wouldn’t be for long IMO

  4. Marie Joy

    My interpretation of Part 1 seemed to say DJT was part of the Deep State. Part 2 said he is NOT part of the Deep State. I should have seen Part 2 before I commented on Part 1. Or I should wait to after my caffeine to comment.

  5. Marie Joy

    Do we know, yet, what was in the envelopes that some criminals got at 41’s funeral mass?

  6. Charles Young

    As always great stuff Mr Hunter. CAF is both an unusual and interesting expert guest!
    Alongside her, it’d be enlightening for listeners to have another top-level financial expert like Martin Armstrong to react to and comment on what CAF thinks and states!
    Not even Mr Armstrong talks about the missing 21 trillion! Why??
    Concerning the often talked about and mysterious other power player named ‘deep state,’ it’s important to reveal its historical origins, who precisely are the people who sit in its chairs, who or what finances these folks and what role does this administration play in US and world affairs?
    Who are today’s ‘deep state’ movers and shakers and string pullers that the public needs to be aware of and pay attention to?
    Finally, why is a soviet-style central control so primordial to small groups of un-named individuals who already have heaps of money and influence? What motivates them? The betterment of humankind!
    All the best,
    Charles Young

    • sk

      To Charles Young: Are you serious about the motivation being “the betterment of mankind”?

      • paul ...

        You know how we can achieve “the betterment of mankind” … and thus stop the stealing of $21 Trillion dollars and more by a bunch of crooks (who don’t believe in the US Constitution and it’s protection of an individual’s private property) … have Trump sign an Executive Order that limits personal wealth to $3 million dollars … where anything earned (or robbed) over that amount should be “seized by the IRS” and put into the American peoples Social Security Trust Fund “Lock Box”!!

        • sk

          The granddaddies of that “small group of unnamed individuals” also thought they were accomplishing “the betterment of humankind” back in 1917 in Russia. 60,000,000 dead Russians/Eastern Europeans and some 70 years later, they started wondering if it really, truly was “betterment”. Maybe not. But the dead were dead.

  7. Jerry

    Do you remember me telling you several months ago that my sources were telling me that the military was prepping for the coming civil unrest? Well it’s beginning here, and in Hong Kong.

    As we move closer to a global currency reset, the globalist and the deep state will be stirring the pot of chaos. Last nights shootings in El Paso and Dayton are a prime example of that. Before this is over they will pin this on President Trumps immigration policies. Just wait and see. And what do you think will happen should the DHS slap handcuffs on Billy Bob Clinton?

    We are at a tipping point. Either President Trump will pull the trigger and release the FISA documents and begin prosecutions ( which will result in riots) or, he will kick the can down the road until after 202o allowing the deep state to generate more chaos like we experienced on Saturday night.

    In the middle of all of this chaos is the unraveling of the global banking system, which will no doubt be blamed on President Trump as well. It’s a Marxist wet dream. Tear down. Deflect the blame. And rebuild a new world order. It’s all coming to head, one way or another. Don’t put your preps away just yet. You might just need them sooner than you think.

    • Jerry

      Read this headline from a few months ago and let it sink in.

      The largest gold buying spree by the central banks since 1968. Does that tell you what they’ve been preparing for or what? The reset WILL involve gold. Period. Some of my sources have stated that the reset is already underway, and that central banks are already replacing fiat based currency with gold currency right now. While I can’t confirm that, I sure wouldn’t bet against it. The realty is, QE is ending it’s life cycle because it has debased global currencies beyond recovery, with the dollar being the last pin to fall.

      • paul ...

        Jerry … And to top things off … as the world economy speeds down a dangerously narrow mountain road careening back and forth bouncing off the guard rails … the Fed decides (to throw the two expert drivers of this wildly out of control car out the window) and put a guy “without a drivers license” in the drivers seat (Fed President Williams) … not a very subtle move by the banksters (who obviously want to see the world economy “go over the cliff”) … so as to guarantee that all their recent “hand over fist gold buying” results in “their gold investment” zooming up to $50,000 dollars per ounce … and magically once again … all the bankster crooks get bailed out (without the need to rob the money from the American people the way Treasury Secretary Paulson did)!! …

        • paul ...

          At 10 PM EST gold poked its nose over $1450 … seems we are now on our way to closing the gap at $1500 -$1550 …

          • paul ...

            Poor Stan … Gold is now making a solid break over $1450 due to the fact that Trump’s “trade war” is being turned into “a currency war” by the Chinese … look at what China is doing to their currency … … the US must now respond in kind (by lowering the value of the US dollar) … and all gold investors know what that means … the gold price will rise as the value of the US dollar falls!! …

            • paul ...

              Fed Chair Powell is going to live to regret “not doing a 50 basis point cut last week” … as China is now turning Trump’s trade war “into a currency war” … and as trade and currency tensions rise … investors are now searching for safety in precious metals … where gold prices are now pushing fresh six-year highs … ever more trade and currency tensions will force Powell to lower rates again (perhaps as early as next month) … a currency war is now breaking out … and it will create a deepening slowdown in US manufacturing as manufacturers find it harder to compete against an ever weakening Chinese currency … China is obviously moving to get a Demon-rat elected in 2020 … Powell and the Fed (if not in China’s pocket) will likely have to do a lot more rate cutting much sooner than they thought!!

              • paul ...

                Remember as Powell is forced to weaken the US dollar … so will all currencies (that have linked themselves to the US dollar) weaken … creating a major disruption of “all global markets” … if Powell (like Hoover in 1929) “doesn’t weaken enough” by massively creating money out of thin air … the stock market is not going to be able to hold up (as earnings collapse) … and Powell (just like Hoover) will create a stock market crash by trying to do the right thing and not create so much money out of thin air!!

            • Jerry

              You’re right over the target.

              Currency wars, lead to what?

          • Frederick

            Woke up this morning to 1453 Paulie Looking Good Silver just popped above 16.50

        • Jerry

          Great points all. The fifty four thousand dollar question is, how long will China continue to hold U.S. treasury’s before they dump them and buy more gold? Many here think America is such a great commodity for them, that they would never do that. But, at some point as the global economy collapses it will be every man or in this case, every country for itself.

          • K.Wayne

            The Pie (Global Economy) is not growing. Everyone wants a bigger share of the shrinking pie. Trade Wars are the go to “play” for stealing (aka beggar thy neighbor). Currency devaluation is the other option. China, whether we like it or not, wins on that front. America doesn’t have the same capacity to be as overt. It ultimately resolves through fighting wars.

          • paul ...

            Jerry … I think we are at the point where … it is “every country for themselves”!!

      • Jerry

        Did I mention the banks are positioning for a reset?
        Only a thousand times. This time it’s HSBC.

        You can add them to Deutsche Bank and Barclays with monumental layoffs and restructuring. Gee I wonder why? A new currency exchange system is about to be born, and these are the labor pains.

  8. breamrod

    all I can say is “fantastic”! thanks Greg

  9. Falcon101

    A couple of years ago I had read an article that stated that every American is issued a Bond at birth and that Bond is traded on the stock market. Now, what if the US is so desperate for money and that whole Bond issue is true, they would need to kill all Americans to access those Bonds and those people are now being replaced by people coming from Mexico and South America.

  10. George

    The Biggest Scam in the History of all Mankind. No civilized world has ever seen the amount of theft and piracy that has been perpetrated against the people of the United States. And, that’s just the financial side.
    Sadly for “we the people” the wrong that has been done will never be made right.

    • Montana Guy

      George, I was scammed like most Americans. Our homeschooler are being taught the truth: There never was ‘We the People’. Only 6% of Americans were even eligible to vote for ratification of The U.S. Constitution. Of those perhaps 3% voted with only 2% voting in favor of ratification. There is no validity to the U.S. Constitution. Hopefully this truth will be posted and not censored.

      • Greg Hunter

        Where are you from? Not here. Constitution not valid? You are stupid and do not know what you are talking about. We have more than 200 years of case law based on the U.S. Constitution. That is a fact and that certainly validated the Constitution many, many times over. End of discussion. WHERE ARE YOU FROM??? No more “Montana Guy” BS. What is your real name? Where do you live. I have asked before. You are a troll!!

        • Montana Guy

          Prove me wrong. Why do you fear the truth?
          Would the check numbers of the checks I’ve sent to you meet your requirements? What is your obsession about me?

          • Greg Hunter

            What is your obsession of acting like an anonymous paid troll?? Real name please.

      • Freebrezer

        M Guy … hmmm??? I always thought that what was important was what was written in the US constitution (gees just my take) … If you can show me a government based on a better principal then this Please show me: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed … ”

      • Jerry

        Montana Guy,
        You should be so fortunate to live in a country that allows free speech “ through the constitution”. In most socialist countries you could be jailed for making such statements. Please do your research before you post such idiotic statements.

        • Greg Hunter

          I think MG is a paid troll from outside the country!

          • Jerry

            Sorry Greg,
            It’s hard to tell the difference between a paid troll and a brain dead globalist.

  11. paul ...

    Remember how in Star Trek the Klingon’s had “cloaking technology” to hide their ship … well the US has FASB56 to cloak our Ship of State (we can’t audit the Fed, can’t audit Government Agencies, can’t audit Fort Knox, etc., etc.) … so what do we do? … what we do is what Captain Kirk did … we fire photon torpedo’s in every direction … we buy food, water, guns, farm land, gold, silver, etc. … because even our US dollar “is cloaked” … we may see a picture of George Washington on our dollar bill but underneath Washington’s photo “is a fake Zimbabwe dollar” … thus by cloaking the true nature of our money system (where $21 Trillion can be stolen and our Fort Knox gold can be stolen and our auditing ability taken away) we must start accumulating “real assets”!!!

    • paul ...

      This is not just the “common peoples” fight … even “wealthy people” are being fleeced “by a small band of crooks” who have seized control of our US Government … to defeat the neocon “Klingon” warmongers … the common people and the wealthy people must join forces and in alliance begin buying gold and silver by the ton … to take back true monetary power from the crooks “who are in an extremely weak position” … as all they have is paper dollar IOU’s with to try and bribe people and manage all their crooked operations and financial shenanigans!

    • Freebrezer

      Paul – Thank god they are getting rid of presidents on the 20$ bills … This will definitely help to restore confidence.

      • paul ...

        It will restore confidence “in gold” … by making everyone realize the US dollar is “Zimbabwe type” African money!!