We Are Now into Controlled Demolition-Catherine Austin Fitts

By Greg Hunter’s USAWatchdog.com

Renowned financial expert Catherine Austin Fitts warns there is not much time left for the current system. Fitts contends, “We have built an infrastructure that doesn’t make economic sense, and we are going to have to change.  What’s happening in state and local budgets is the same thing that is happening in health care.  It’s the same thing happening in all these different areas, which is we have engineered government investment to prop up the stock market. . . . Washington, D.C., is basically run for the political campaign contributions generated from capital gains in the stock market.  The problem is, to get that rise in the equity markets, we’ve ended up pumping out enormous amounts of government debt and government money that has a negative return for taxpayers.  It’s not sustainable, and the game is up. . . . I’ve been telling you for 15 years we were going to have a slow burn.  I am telling you that’s over, and we are now into controlled demolition.”

Don’t expect the mainstream propaganda media to give you any warning or real information about what’s happening. Fitts contends, “The conundrum for a CNN is how do we get ratings?  How do we get attention without talking about the real news?  The real news is, since fiscal 1995, we have disappeared or bailed out or stolen over $40 trillion of our money.  If we are going to balance the budget, we need that $40 trillion or the assets thereon or the liabilities of the people who stole it back on the table, or else we’re toast.  If we can give $27 trillion to the banks, I can assure you we can afford $4 trillion of a pension fund bailout.  Mr. Global doesn’t want us to do the algebra.  This is like fourth grade math.  $27 trillion to bail out the banks, and we are not going to bail out the pension funds?  Where does that come from?”

There is no argument for a big crash, the only question is when. Fitts says, “I think it’s more likely to happen in 2018.  If you look at the stock market, we are way, and I am tired of saying this, we are way, way overdue for a major correction.  If we do get this major correction, and that is perfectly natural, you don’t want to misinterpret that as a major crisis or event.  I think we are way overdue for a major correction, and I give that a reasonable chance between now and November.  If it doesn’t happen this year, it’s definitely going to happen next year.”

Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, Publisher of The Solari Report at Solari.com.

(There is much more in the video interview.)

After the Interview:

There is some free information and articles on Solari.com. For a deeper dive with more original analysis and material, you can become a subscriber by clicking here.

By the way Catherine Austin Fits cdan back up her charge the $40 trillion was stolen.  Here’s an article that proves part of the theft:  https://solari.com/blog/dod-and-hud-missing-money-supporting-documentation/


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  3. Neil

    Greg, as much as I like to hear from CAF it frustrates me to keep hearing of this national tragedy in the making, re-described to no better purpose or in complacent softened terms. Historically when leaders have screwed up their county badly millions have paid the price with their lives. I have no doubt the US is destined to experience a similar outcome. 10 -20 million dead in the streets wouldn’t seem unlikely. Unfortunately I don’t believe there can be any meaningful turnaround in fortunes in the very short time left and I don’t think a functional replacement or alternative will be put together for years afterward either. If Americans are honest about it they have had getting on 10 years to make a difference in the destiny of their country and done nothing useful. Even those who have a good idea as to the seriousness of it all haven’t stood up and told simple truth. Indeed most of the time has been spent pretending the situation did not exist or could be papered over and therefore by default worsening the outcome. I am not even sure Americans really understand what the cause of the predicament is and why this crisis will repeat even if the world restarts itself. Many Americans seem to think they can just become more efficient or be smarter and they can re-establish industry and hence have the economy of old again. People still think in terms of being no.1, leading the world, being a chosen country etc. People want to sound off, posture and debate and hold ideological positions or call on God to deliver them somewhere else. These things are of no importance when the pending crisis is off such proportions. This is an emergency and it calls for urgent measures for the common good. The onset of the neglected reality is going to be brutal and disturbing when it arrives. Rather than obsessing about socialism, communism or whatever it has to be seen that the national bankruptcy is exactly that and day by day there is less wiggle room to do anything about it. The US is very much jammed in a corner now. In the end Americans may have to endure the indignity of seeing their country reduced to ruin and carved up like after Nazi Germany’s failed experiment. There is actually a lot that could be done to limit the damage and restructure but Americans will never agree among themselves to actually do so. We must expect a very bad outcome now I am sorry to say. I could give you my outsiders perspective on how to fix things but it would be very challenging for your audience to read and largely futile to present. It is all said and done for Americans to consider and fix their own country or suffer the consequences. I only wish they would realise it is a vital and urgent mission and idle talk and opinion is of no help.

    • Charles H


      The trajectory of the USA is out of the hands of the few here, and the many living within the borders. Solutions and alternatives there are – but no will to impliment exists. Man is dancing to an other-worldly tune – where men are mice; and the pied piper is one people won’t believe.
      Great comment and well written. Kudos, Neil.

      • Claudeeyah

        In the end Americans may have to endure the indignity of seeing their country reduced to ruin and carved up like after Nazi Germany’s failed experiment.

        Sadly, it may well come to that. If that is our fate, I only wish that we will be able to section off and return to the era of freedom of association, which was in effect in this country until 1948. There is no reason to force people who do not like each other, do not share the same values, and would rather the other just go away should be forced to live with one another.

    • betterchetter

      To Neil – CAF had been telling us her plan – take back, county-by-county, spending going out of county, to both employ in-county workers, & to increase local tax picture. Sadly, like your ideas, they drift in the ethers … we are a planet of thinkers, but ONLY Actions define us (criminals known for lowest acts of creation/destruction, while artists known for highest acts) – & while thoughts inspire, even affirm, us – they lead nowhere w/o arms’ & legs’ actions.
      All we’re left with is MainStreamMedia, steering us like lemmings, over a cliff – like Greece, Italy, Great Britain all had their currencies devalued – ours will too, & likely, as you note, taking us down like 20’s or 40’s Germany (unless the mass meditators & prayer warriors can offset things, somewhat … kick the doom/can down the road)

    • Cuzca

      One problem is we’ve got fake capitalism, although, many people live life pretending we have real capitalism. In real capitalism, entities would have to save money to buy something costly or borrow from another who had saved. Government could be funded by printing an additional (2%?) to the money supply every year. Fractional banking would be a thing of the past (and future?) It seems the development in America for the past 100 years has been so distorted away from capitalism that millions would starve and riot if a true capitalistic society were introduced today.

      The world is supposedly drowning in debt. Currently, the only way to circulate new money in order to have money to pay down old debt is to issue a greater amount of new debt. This is at odds with (or balances out?) the cost of production for most goods declining over time. Why not cut taxes for small/new businesses in America and begin funding some government expenditure with debtfree treasury money, which will disappear when it eventually gets spent cancelling out old debt?

      • Neil

        Consider at this point it would not matter if there was capitalism, socialism or communism in the US. What matters is that the system in place works reasonably well. While capitalism and self determination is the more productive and obviously more desirable for individual liberty if it is swamped by blind self interest, rampant dishonesty and fraud and further paralysed by bad and corrupt government then the society employing it cannot be viable. A well run socialist America functioning in mediocrity would be better off than a badly run capitalist America collapsed into greed and starvation. At this time it is worth setting aside large labelled boxes and philosophies and asking what is best in these circumstance. For instance health care organised as a national service seems to work fairly well in some countries yet cost half as much or probably a third as much after the insurance scam called Obamacare. If the US acknowledges the pressing need is to rebalance the budget and provide assistance to the poorest section of the population and that we anticipate still worse hardship for them then it might nominate to adopt that system for the next 25 years and to have people pay their own way as the economy recovers. Eventually there would be a return to a system where people are as independent and self reliance as could be managed in keeping with American values. It works because it is known that the system is a temporary measure and people are forewarned that they will need to look to become self sufficient in the future rather than permanent recipients of welfare. The danger is that people immediately balk at the idea of national health because it sounds like an inadmissible evil – socialism – and cut off their nose despite their face. The US faces a situation where it has limited money and time and fewer and fewer choices by the day . Its time to get serious about doing something to be effective. I think the most degrading part of this circumstance for the US is to be bickering about the colour of the lifeboats and whether you consider them acceptable status to use. At some point you just have to get aboard or go under. It would be appropriate if the US did not embarrass itself any more with the spectacle of blame and self obstruction and made haste to reach solid ground.

        • Paul ...

          We are bombarded each night with fake news and governed by fake capitalism … brain dead Americans do nothing about it … but the people in the rest of the world are doing something … they are moving to an “alternative system” from the “crony crap-italism” the Satan worshiping, pedophile, warmongering, drug running neocons are trying to impose on the entire world … i.e. SWIFT is being replaced with CIPS, the World Bank by the BRICS Bank, the IMF by the AIIB, the US Dollar by Gold, etc., etc. … the crony crap-italists think that by re-setting things using SDR’s on Oct 15, 2017 the phony debt based US Dollar fiat monetary system will be given more life because they will back the SDR’s with some gold … they are mistaken … the world is well along to an “alternative system” that doesn’t use US Dollars at all … there will be no need for the world’s people to hold US Dollars to buy oil or anything else … without the need for “petro-dollar” or a “euro-dollar” the world will flush all these “excess dollars” back to American shores which will more then double all the “domestic dollars” floating around within the US … this will cause a “massive inflation” of our domestic money supply and thus increased prices for the things we need to buy …such is the “payback” we will have to endure because we did nothing to get the Satan worshiping, pedophile, warmongering, drug running neocons imposing crony- crap-italism out of power until now with Trump … and using the Constitution to “claw back” the 40 Trillion dollars the bankers stole from us will help to save our private pensions and Social Security from total annihilation and give us a viable Health Care System … “unlimited greed” by Satanistic crony crap-italist bankers and the military-industrial pedophile ne