With QE3, we are essentially being bought out with our own money…and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation.
– Catherine Austin Fitts
- Read Catherine’s complete QE3 article…
- Latest SolariCAST Videos
- Subscribe to The Solari Report
- MacTribe Profile: What is The Solari Report?
It looks like the GDP of the US is $14 trillion / year. USGovernmentSpending.com reports that the total US, State & Local spending is $6.3 trillion in 2012. That means that the total ‘contribution’ to GDP of all (formal) governments is 45%. My question is … is that right? That means that the ‘real’ economy is only $7.7 trillion & that the new Taxmageddon coming to Main Street, USA this New Years day will suck a huge percentage OUT of that real economy.
Comments & Observations from Catherine would be MOST appreciated!
BTW, I am so very thankful for Catherine’s insights. She is the keel that keeps my sailboat righted … that is not an exaggeration. I listen to every Solari Report at least 5 times within the first week. A heartfelt ‘Thank you, Catherine!’ And I’d be coming to the Tennessee event next month but money is tight – put me on the list for the 2nd Annual Gatherings …
For Today, Be Empowered & Productive!
DAVE KOHLER
The Productivity Coach!