By Catherine Austin Fitts
Theme:
Caveat Emptor and The Milk Bucket – the simple way to understand politics and political debates in America.
Stories:
- China Bubbles
- Saker on Venezuela
- David Stockman’s New Book on the Wall and US Global Strategy/DOD Budget
- Caveat Emptor
- The McCabe Interview & McCabe’s redacted $70,000 Table
- Illinois Pension Schemes – the most clever piratization proposals yet
- Fed on Negative Interest Rates
- Trump Signs Space Directive
- Jedi Wars: DOD requests stay in Jedi contract lawsuit in court of claims
- Meditations at the Crossroads & Solving the Real Problem
Hero:
Call for Prayers for Rob Kirby and A Team
Let’s Go to the Movies
Subscriber Charts Close of February 20, 2019:
Am I the only one who would ask how it comes that the Chinese have a moon presence and now the Japanese are planning asteroid mining, but we only have unmanned ‘science’ missions out there? Couldn’t the US as a minimum acknowledge that its space program has been doing the same thing? I understand that such operations wouldn’t cost $21T and that NASA’s budget has not been very much, so some ‘splaining would appear necessary, and again, the credibility gap is unmoored and growing. Even without a reset financially, the BS isn’t selling and it’s likely Washington will run out of stories before it runs out of investors. Needless to say, the two go hand-in-hand.
Ok, this story is stupid but at the same time so pivotal..
Empire’ star Jussie Smollett charged in alleged racist attack case
It’s making me wonder is this Fake News to expose Fake News…? Someone messed up in this whole thing…
https://www.youtube.com/watch?v=gL95BxWd_VM&fbclid=IwAR3ovXhR-cGZDdiYvayG60myKP3AaVKxvFa6drtDLTdMjQtYKEWuSXdyv9k
There was a whole campaign organized around that theme….including the Obama Foundation – so the pressure was on.
well, that blew up in their faces. It’s promising. They are getting messy and making mistakes.
It is, of course, early in the reportage, but doesn’t this supposed plan to kill Democrats purportedly having been planned by a Coast Guard officer stink to high heaven? https://www.marketwatch.com/story/coast-guard-officer-accused-of-being-domestic-terrorist-with-hit-list-of-lawmakers-journalists-2019-02-20
It seems that projection by the left now includes fake preparations to add meat to fake news. The Smollett case was an amateur attempt at something similar. This one seems to employ more sophisticated techniques. Still, it is betrayed by its failure to launch, the ready discovery of pat evidence, and the uncharacteristic behavior of the presumed guilty party. A 49 year-old Coastie is likely nearing retirement, has sacrificed much to get to that point, and is basically a committed career public servant. He wouldn’t have any more access to his alleged targets than anyone else, and therefore his scheme takes no advantage of his position. It doesn’t add up. Comments?
John:
I read the article. I would need to file that one under “I have absolutely no idea.” The whole thing sounds beyond over the top.
Catherine
I am led to liken it to the Vegas shooter incident. That one has faded away as a gnarled non sequitur into the mists of miscellany.
Actually the FBI published a 3 page final report that is the kind of report that people with $70,000 conference tables right.
Let me guess–lone nut. There, I did it in two words.
Unlikely. No one get that nuts without a crowd. Either egging him on or planting things. 🙂
I meant what they must have said in the 3-page report: Nothing to see here, folks. Just a lone nut. You can trust us to protect you.
Under the ‘Consider the Source’ category:
Fortune’s World’s Most Admired Companies
1) Apple
2) Amazon
3) Berkshire Hathaway
4) Walt Disney
5) Starbucks
6) Microsoft
7) Alphabet
8) Netflix
9) JPMorgan Chase
10) FedEx
Really? FedEx is a Yes! However, if one ever doubted that propaganda works, look at #1 – #9. Yikes!! Looks like the Who’s Who of the Deep Staters!!
1st Quarter Wrap Up is back to a discussion of ESG and screening business – same issue.
Not the first article on pension funds
Illinois may tax private retirement funds to pay public worker pensions.
I am so aware because I’m going through the pension fund reports…
https://finance.yahoo.com/video/illinois-may-tax-private-retirement-164356321.html?fbclid=IwAR0A-sydkGyuFf0k_TVAkOV4k1iH2Z8vIvdk6IHPnzzMOQLvT56zmbyVL1A
The “peak everything” spiral down is underway and accelerating – its everywhere. The states that have been fiscally responsible will be much better places to be.
NY is screwed. I just finished the NY reports. So Elliot Spitzer wasn’t the bad guy…
Nope. Spitzer really tried.
But which states are those? Would love to see a list or to hear you talk about it in a money and markets!
Steve:
We covered the state pension fund gaps in the 2017 Annual Wrap Up. Here is the 2016 Study from Pew on State Pension Funding Gaps. https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2018/04/the-state-pension-funding-gap-2016
Catherine
Also, we are working with Dr. Bingham to do a new version of this for a state – https://home.solari.com/unpacking-your-financial-ecosystem/
Catherine, Which states do you consider fiscally reaponsible?
I have found it tracks closely to the pension fund funding –
We covered the state pension fund gaps in the 2017 Annual Wrap Up. Here is the 2016 Study from Pew on State Pension Funding Gaps. https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2018/04/the-state-pension-funding-gap-2016
I have not done a comprehensive underwriting recently. If I did one here are the states that would be considered:
Tennessee
South Dakota
North Dakota
Wisconsin
Nebraska
Idaho
Iowa
Wisconsin
I would review their most recent official statements at the EMMA system at MSRB https://emma.msrb.org/
their consolidated annual financial reports https://en.wikipedia.org/wiki/Comprehensive_annual_financial_report
and the budgets and financial statements at their website
if you have never done a review like this, these will be helpful:
https://home.solari.com/book-review-follow-the-money-a-citizens-guide-to-local-government/
https://home.solari.com/unpacking-your-financial-ecosystem/
Mary:
I would also add – IMO better to live in a financial responsible place with cold weather and migrate south nomad style or offshore for the winter than live in a state with serious fiscal and financial problems. The danger is, of course, that the federal fiscal challenges puts all US citizens and residents at risk no matter when we are.
Catherine
YOU HAVE TO WATCH THIS CATHERINE
President Trump Participates in a Signing Ceremony for Space Policy Directive 4
https://www.youtube.com/watch?v=G4NjaI_NvjQ
try watching it in its entirety, he says so much. The White House channel is the best source for an unedited Trump.
The challenges of moving space out of the Air Force were too much – so it stays in the Air Force Command.
Gold seems to be going on a tear recently. Are the wealthy fleeing to it because of the coming recession?
I can’t find the reference but you mentioned someone with an infection in the hospital. Why aren’t they trying intravenous Vitamin C which is shown to resolve sepsis: https://pulmccm.org/critical-care-review/vitamin-c-save-lives-sepsis/
Oh – I left out my question! CT got rid of all it’s counties in 1960(?) and then substituted marshals appointed by committee for elected sheriffs in 2000(?) – I believe Alaska is only other state without sheriffs. On Friday, the State is looking at forced school regionalization. How should residents approach this system – by considering the State of CT as one large county?
S.B. 457, An Act Concerning the Size of School Districts
S.B. 738, An Act Concerning the Creation of Regional School Districts
S.B. 874, An Act Concerning Education Initiatives and Services in Connecticut
Andrea:
Step one would be to read the State Constitution. Tennessee has something called the Blue Book that documents the governing laws https://www.sos.tn.gov/products/division-publications/2017-2018-tennessee-blue-book
I would find the equivalent for CT, read and go from there. I would also make sure I had read the latest General Obligation State Bond prospectus. You should be able to find here https://emma.msrb.org/