By Catherine Austin Fitts

Theme:

Burning California

Stories:

  • ECB to Wind Down Bond Buying; Will Italy Bolt?
  • Fed’s December Rate Hike
  • US Treasury: Federal October Receipts
  • Greenspan and Fink on Government Deficit
  • US Drops Gauntlet in South China Sea
  • US MidTerm Election Aftermath: Arizona, Missisippi, Florida and other Clawbacks; Administration Turn Over
  • Amazon tees up US government reengineering: HQ next to Fed and Treasury, with center in Nashville (Fed Branch in Atlanta District) Local governments pay a pretty penny to subsidize Amazon’s sites
  • Corporate Bond Spreads Widen with GE Woes – National Security State Players Sitting Pretty; Outsiders Squeezed in Liquidity Trap
  • UK Cabinet Approves on Brexit Deal
  • Buffet buys JP Morgan, B of A
  • US Sues UBS over Mortgage Fraud; Lloyd Blankfein and Goldman in Hot Seat
  • Bizarro: Is Mueller Lost in the Weeds?: Jerome Corsi says he expects to be indicted; Trump to submit written answers to questions
  • Quelle Suprise!: DOD Can Not Pass Audit

Hero:

Stop saying “no one” as in “Why is No One Doing Anything?” and “Why is No One Saying Anything?” – Thousands are doing things and saying things and you need to start affirming them as opposed to negating them on behalf of fake news, fake government and fake corporations. GET WITH INTEGRITY!

Let’s Go to the Movies

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10 Comments

  1. You mentioned the Koch brothers involved in Utah in your last podcast. Well they are also in Arizona. They support lower taxes and did a presentation against the costs of a light rail. Now I realise their covert agenda is the enriching coffers for the elite. Arizona is not rich in oil and gas but we have public land. I know energy independence is key and the dissolution of monument boundaries plays a role. It’s so complicated. So many masks of good intentions.

  2. Michelle Obama got $65 million advance for her book….

    $65 million, that’s a pay off. Barack didn’t even get that.

    I guarantee that money is not going in their joint bank account.

    2. A literary triumph, one has no doubt. You could just see it on the fiction shelf next to Crime and Punishment, A Tale of Two Cities, Faust, Anna Karenina, Paradise Lost, Doctor Zhivago, In Cold Blood, your William Faulkner collection, etc. If we ever doubted who publishes the Fashion/ Fascist Rags, look who is on their covers this month. Hint: Not Mark Dice.

  3. Hi Catherine

    I’m a new follower. I follow Jim Willie’s work. Regarding the next Fed’s rate hike,
    he sees a possible daisy chain reaction or systemic Lehman event as he calls it.

    Let me know if you find this sequence plausible.

    Fed’s Rate Hike -> increase EM market disarray (ratio Lira/USD > 7/1) ->
    Turkey credit default -> Italian’s Banks defaults, =>

    FRANCE
    2 biggest banks default (370bn exp to italy Societe General
    + BNP paribas defaults)

    GERMANY
    COMMERZ BANK + DB defaults (with 50-75 trio $ in derivative)

    ITALY might return to its Lira => EUR has to be redefined

    UK Hard Brexit

    EURO-ZONE breaks in 2, north vs south

    In the same time the pain should have come back to US,
    with the 1st stop at Wall Street’s Banks.

    Washington-Vassal aka EUROPE dies
    RUSSIA-CHINA-BRI takes over Europe with a natural return to EURASIA

    Italian Banks might crash prior to the rate hike.
    https://www.zerohedge.com/news/2018-11-12/italian-banks-verge-new-crisis-after-eu400-million-hole-emerges-banca-carige

    Thanks for reading

    C

    1. IMO EU is likely to divide into a North-South configuration. How it happens is not clear. There is a lot of pain that is being worked through. It has already started. You can not solve peak everything by printing more money. Unlikely that Russia and China take over Europe in the foreseeable future.

    2. The brokers of these huge transitions to and from different currency systems make big fees in the transaction costs. Just another way to harvest the little guy.

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