“Go for it now. The future is promised to no one.” ~ Wayne Dyer
By Catherine Austin Fitts
It’s time to begin our 3rd Quarter 2019 Wrap Up. My announcement of our cover and 3rd Quarter theme “Take Action!” is here.
This Thursday, we publish the first in our two-part publication of the News Trends & Stories for the 3rd Quarter 2019 Wrap Up. Dr. Joseph P. Farrell joins me for our analysis of what is happening in 2019 and what lies ahead.
In Part I, we look at the top stories in Economy & Financial Markets and Geopolitics. We also fill in the Trump Report Card for the 3rd Quarter.
Our 3rd Quarter 2019 Wrap Up web presentation is a work in progress that grows as we publish our weekly segments; Solari Report subscribers can access it in subscriber links when the audio is posted. The stories and headlines for Part I will be posted by Thursday evening. Use your Solari password to login!
I hope you take advantage of both Part I and the following week’s Part II; I know of no better round-up of the deeper news than these quarterly discussions. Our team invests significant time each quarter to collect and convert months of headlines into actionable intelligence to give you mastery of the economic, political, and cultural flows and the risks through which we navigate.
Just when I feel I have achieved a synthesis, I sit down with Dr. Farrell and something remarkable happens. Joseph’s understanding of history, science, and culture—and his ability to integrate across many sectors—takes the conversation into a whole new mind. Our discussions this month were as insightful and fun as ever.
Here are our choices for the top stories for Part I:
Economy & Financial Markets:
- Story #1: Secret Books, FASAB 56, and Financial Coup Consolidation: U.S. Securities Markets Go Dark
- Story #2: Central Banks Flail Around
- Story #3: Slowbalization
- Story #4: High Strangeness in the Bond Market
- Story #5: Trade and Control Wars
Geopolitics:
- Story #6: Technocracy Databeast Encroaches Across the Globe
- Story #7: New Leadership in the EU Faces the Brexit Blues
- Story #8: “Out of Control”
- Story #9: Washington Faces Off with a Multipolar World
- Story #10: Geopolitical Disney World
- Trump Report Card
In Let’s Go to the Movies, I will discuss a new documentary Untouchable: The Rise and Fall of Harvey Weinstein. The financial coup period that marked globalization financed enormous power for New York elites. Movie mogul Harvey Weinstein was one of them. Once the coup was over and the Clintons lost the 2016 election, Weinstein joined the ranks of the “expendables.” This time, there was plenty of dirt to dig up—all involving sex with women of consenting age—making it a welcome white-out to coverage of Epstein and other pedophilia scandals.
Post your questions and story suggestions for Money & Markets for this week here.
Talk to you Thursday!
For those who want to know more about FASAB 56, check out the 2018 Annual Wrap Up: The Real Game of Missing Money at The Real Game of Missing Money and The Missing Money.
Hard copies of The Real Game of Missing Money, Volumes I and II are available for Solari Report subscribers at the Solari Store.
Related Reading
Hello Catherine:
During Part 1 of your wrap-up you mentioned that you has engaged in a deep dive on Warren Buffett. Did you publish your findings? Very curious about this enigmatic individual inspite of his public persona. Thanks.
Cesar:
Here is what I published. If you go to the library and do a search for Buffet you can see a few other things. https://library.solari.com/buffetts-big-bet-on-us-federal-mortgage-credit-housing/
Was always interested monopoly buffet and his stock holdings.
31-min mark of “Technocracy Databeast Encroaches Across the Globe”
You said “They want to do a major amount by rail” what are you referring too? Also if you could explain the steam engine?
They believe railroads will be highly efficient vehicles for significant transportation of goods.
Steam engines = resilient and economic.
Thank you
Both of us are enthusiastic about BNSF’s future because railroads have major cost and environmental advantages over trucking, their main competitor. Last year, BNSF moved each ton of freight it carried a record 500 miles on a single gallon of diesel fuel. That’s three times more fuel-efficient than trucking is, which means our railroad owns an important advantage in operating costs. Concurrently, our country gains because of reduced greenhouse emissions and a much smaller need for imported oil. When traffic travels by rail, society benefits.-Buffet
Dr Farrell said that they are going to try make the euro a reserve currency in Africa and then leverage that into the rest of the world. Well, the euro already has a strong foothold in Africa, albeit indirectly, via the CFA franc. The CFA is currently used by around 155 million people in 14 countries in West and Central Africa, 12 of them former French colonies.
The CFA franc is pegged to the euro (It was previously pegged to the French franc) and it is guaranteed by the French treasury. France requires CFA member countries to deposit at least 50% of their foreign exchange reserves, currently about €10 bn, into a special account in the French treasury. In return, France guarantees the unlimited convertibility of CFA francs into euros.
Defenders of the CFA franc say that the currency stability keeps inflation down. It’s less than 2% for the West African Economic and Monetary Union. This stability is attractive to investors and brings in more money to the region.
Critics of the CFA, however, say it is a “colonial relic” and argue that whereas countries can use currency rates to influence their economy, for example by devaluing their currency they can make the price of goods they produce cheaper and boost exports, CFA franc countries can’t independently set their exchange rate.
With the CFA franc tied to the strong euro, their prices are automatically higher. This not only reduces the competitiveness of their economies, it also favours imports from countries with weak currencies, such as China.
The 15 ECOWAS (Economic Community of West African States) countries have long pledged to establish a common currency. I expect the UK, and by extension also the US, prefer an arrangement which would diminish France’s power and influence, so it will be interesting to see which way it goes.
Fascinating. If you look at the new proposal to expand the EU Army to a significant size, the push to grow the Euro is clearly on.
Great interview as usual.
Catherine, both you and Joseph gave President Trump high marks in War Games & Effort and wondered where does he get his endurance.
As a young boy Donald attended Norman Vincent Peale’s Marble Collegiate Church in NYC where he absorbed the “New Thought” of thinking can change the world around us. Trump thru his adulthood until Peale’s death in 1993 had a very close friendship with Dr. Peale and probably had a great deal to do with Trump’s positive self-image and his rhino thick skin.
New Thought thinking is when the mind can influence reality directly and mental effort can make things happen. The observer influences the observed.
Steiner stated “minds are not witnesses but co creators of the world around us”.
Dear Catherine
Is the Mervyn King book that you refer to in Part I 3Q Wrap-Up interview with JPF titled “The End of Alchemy”? Thanks!
Yes!
Catherine, you mention negative interest rates on mortgages in Denmark. Once again, there is more than a strong whiff of deflation forecast here. Banks will take less (but some) interest and fee dollars AND foreclose on many upside-down mortgages to liquidate a lot of wealth.
Make sure you check out Mnuchin’s proposal for Freddie and Fannie. Mortgage fraud is going to go on steriods. However, they will be free to float mortgages to buy their foreclosures out at a profit – and designate largess whereever they want.
Just ran across this… and given the shenanigans of the Fed bureaucracy, I was skeptical, despite how much I love Tucker Carlson’s work.
Right over the target of Part 1, 3rd Quarter Update, #6
Most of us have probably seen his on air rant, and some of his interviews on his book tour in the last year… no idea how I hadn’t seen THIS.
Tucker Carlson is so articulate and brilliant, in ripping away false premise. This talk is amazing and very stimulating and yes, entertaining!
https://youtu.be/AXGoWtK1NnY
Yes, I posted this last week. Should be in the 3rd Quarter Top Videos in the Wrap Up
Holy smokes! Why is that not a surprise…
So much to peruse… so little time. I’m going with the “Great minds… etc…” line, Catherine!
😉
I know that any report card should be objective in assessing performance in the subjects, but there should in this case be lines for extracurricular performance. Has any man, president or not, had to perform in a classroom constantly under artillery fire, psychological warfare operations, traitorous classmates, false textbooks and instructors who falsely report test performance and still do more of a beneficial nature than almost every president who preceded him–and much, much more than his immediate predecessor?
You’ve described medical school in the US perfectly.
Ha! I heard that when we boomers were in our school days but not lately. I am the son of and uncle and father of medical doctors. It must skip a generation.
Well, when women and POC are given additional time to take examinations, not scrutinized in any way, and allowed to agitate about unrelated identity politics it creates fear among professors and administrators – what you end up with is total incompetence.
And our millennial generation is conditioned not to notice those things as much as we might. Back when, I heard of med school students sabotaging microscope slides to screw the students following in examinations, etc. How’d you like to have that guy for your doctor?
Anyway, my point is that Trump should get a grade for beating back attacks from all sides AND still getting more done in a year than Obama did in eight. Hillary Clinton, had she been elected, might have done things, but only in a negative direction, which is something we don’t need.
Yup. After I started Hamilton, we were approached by one of the major firms to bid for an assignment with the RTC that would put us right smack in a forard flow we wanted to be in – converting default mortgages into REITS and other equity securities. We very much wanted the knowledge and experience. So we helped write the proposal – but we have been approached in part because we qualified as an affirmative action quota – I owned the majority of the stock so technically we were a woman owned firm. Instead of writing about how we were smart, and excellent and the best for the job, we were required to write about how we were owned by a woman. It was like a curse. Our whole team felt energetically diseased. When it was over, we agreed, we would NEVER do that again. We would win because we were the best. On the last competition for financial advisor to HUD we lost major points because we refused to have an affirmative action plan. So all the big Wall Street firms would get all the affirmative action points and we got none. We still beat them out for the lead position. It was simple – the transactions saved/made HUD a fortune – $2.2 billion. Needless to say, the developers who did not soak HUD for that $2.2 billion were not pleased. #1 sin in Washington during the Clinton years – and ever since – making money for the taxpayers.
And that is why he got an A for War Games and Effort — Joseph and I agree that his ability to work hard in the face of the whipping is extraordinary. They are trying to get him to melt down and break down. So it is an endurance game in part.
Well, since this segment centered upon economics and is generally informative – considering the typical pattern, I expect part 2 to be extremely depressing.
Hmm…not the intention. The main thing I wanted to speak to Joseph about in Part II was an insight that has given me great optimism and energy. Lets see if it comes through.
one correction to your list, don’t sell your tv, unload your 12 gauge into it
You are right. I stand corrected!
to Phil…amen to that!!!
In this current mess with the Ukraine – the topic absolutely not covered is the construction of New Khazaria this absolutely must be dealt with for a complete picture. Israel desires to metastasize to another location:
“The riots and subsequent coup in Kiev in 2014 had many purposes. Primarily, it was to give the western powers a strong weapon to use against their main enemy, Nationalism and Vladimir Putin. Secondly, it was an arrangement whereby the debts of the Jewish oligarchs would be discharged in exchange for corporate control over the country. Thirdly, it was the mystical consecration of Ukraine as “New Khazaria.”
The Chabad sect dominates Jewish life in Ukraine. They have constructed the Menorah Complex near Odessa, in Dnipro (formerly Dnipropetrovsk, a gift for those of us who still can’t pronounce it).
The Menorah complex is made up of seven towers in the shape of a menorah. It is the center of Jewish life in Eastern Europe and is dedicated to Rabbi Menachem Shneerson. It is a monstrous business center that is the hub of Jewish economic power in the region and is the center of New Khazaria. It is financed in part by the leader of Ukraine’s oligarchs, Igor Kolomoisky.
This lecture traces the events of February 2014 as parallel to the history and mentality of the Khazar empire and the nature of its power. It especially focuses on Kolomoisky as the de facto ruler of Ukraine and one of the richest men in the world. Zionism has shifted its focus from Israel to the Black Sea due to the influence of Chabad, Kolomoisky and the failures of the Israeli state. Settlers have already arrived from Haifa.”
Audio lecture by Dr. Mathew Raphael Johnson: https://www.radioaryan.com/2018/02/the-orthodox-nationalist-construction.html
I assume there is something to it. The oligarch networks between Russia-Ukraine-Israel-New York-LA blossomed significantly with the “rape of russia” https://blogs.timesofisrael.com/leaked-report-israel-acknowledges-jews-in-fact-khazars-secret-plan-for-reverse-migration-to-ukraine/ This is not just for resettlement – it is a critical aspect to controlling the flows and equity on the silk road.
Absolutely. The lecture by Dr. Johnson was erased (shocking) but it can be found at rusjournal.org.
The cover is great. I zoomed in to read it. It looks very much like my Solari “to-do” list that life pulls me away/I drift from too often.
Would you consider making the image available to be made into a poster?
What a great idea. I will check with one of the printers to see what the options are.
It is a great idea! That would be awesome.
Angela
Couldn’t agree more. I printed it up and put it on the fridge. Why wait?
Exactly!
Didn’t even occur to me. I’m going to follow your lead!
Just met with our new printer. From now on we will make a poster the size of the Wrap Up as an insert for each hard copy. And of course you are always free to print out!
Oh my gosh! That is SO COOL!!! All of your Wrap-Up covers are spectacular….