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Read the transcript of Planet Debt: Part 1 with Dr. Joseph Farrell here (PDF)
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Interview
Subscriber Only Links:
McKinsey Global Institute: Global Debt Study, Feb. 2015
McKinsey Global Institute: QE and Ultra Low Interest Rates
Morgan Stanley: Central Banks Monetizing Sovereign Debt, February 2015
Bank of International Settlements: Dollar Surge Endangers Global Debt Edifice, December 2014
Power: The Essence of Corrupt Banking and Politics Is to Grow and Control the Debt
“I’m living so far beyond my income that we may almost be said to be living apart.” ~ E.E. Cummings
By Catherine Austin Fitts
This week on the Solari Report, we publish the first of a two part conversation with Dr. Joseph Farrell on the relentless growth of global debt.
This topic could not be more timely. Last week, the Federal Reserve softened their guidance on anticipated interest rate rises – but reminded global markets that such rises were coming. With sovereign governments around the world carrying high levels of debt, rising interest rates will pull the leash of the dollar “control system.” The question is when and how hard. There is the reason that global institutions from the IMF to the UN are talking about “global debt restructuring.” The folks who own and control the debt are rewriting the rules.
This is a 360 degree discussion – Joseph and I look at the geopolitics and meaning of debt as it functions in the real financial system. This includes the hidden system of finance and black budget that funds the growing national security state and is driving the explosive cocktail of “game-changing” technology, the re-balancing of the global economy and the unraveling of the Post WWII system of global trade. For excellent background for this discussion, I recommend Dr. Farrell’s and my presentations at the Secret Space Program as well as several recent studies on the state of global debt – see links posted in the subscriber area.
Financial commentators often talk about debt and the fixed income markets as though debt is a financial and economic phenomenon. We need to start looking at debt as a vehicle of governance and control – as a tool of economic warfare; as a tool that makes war feasible on a grand scale. To help you evolve your understanding of the debt system, I recommend a movie reviewed previously in Let’s Go to the Movies –Â The International.
In this 2009 action thriller an Interpol agent attempts to expose a high-profile financial institution’s role in money laundering, assassination and international arms dealing designed to engineer the overthrow of sovereign governments. The movie demonstrates how debt and war dovetail in the “central banking-warfare model” to create control. My favorite scene is when the Italian weapon manufacturer explains to the Interpol agent how the system works and why a large global bank is brokering arms:
“The IBBC is a bank. Their objective isn’t to control the conflict, it’s to control the debt that the conflict produces. You see, the real value of a conflict, the true value, is in the debt that it creates. You control the debt, you control everything. You find this upsetting, yes? But this is the very essence of the banking industry, to make us all, whether we be nations or individuals, slaves to debt.”
This is the last week of the month, so no Money & Markets this week!
Regarding music (a quibble): Jazz and Blues. Current music not withstanding.. its awful. But the Eurocentric bias is… a bit of a a bias. America has little to offer, musically, other then Jazz and Blues, and those are not European.
The unanswered questions become answered here…brilliant!
🙂
I don’t see where “money” as we know it could be useful in an interplanetary economy, its just paper or digits. How does that have value? What has value? What wealth is, is energy using it to get what you want, not necessarily money, although we have been conditioned to think in this limited way. That is how we are deceived. What is truly valued is the human being!!!!!!! Their propaganda continues and reinforces the belief that we are powerless to create our experience, thereby using our disowned power to create the world we live in. We are victims of our belief system and they reinforce it until we DECIDE differently. Think about this……the power to change the way we see ourselves. They make money out of thin air, as much as they want and because we value it more than our own self, they make it scarce. Its funny how we came to believe this farce, as if scare city is real. Again, its a matter of waking up and discovering why THEY are so dependent on US and why they must keep us thinking in terms of outer currency rather than inner currency. Are we so guilty that investing in our own current see is seen as narcissistic?,continuing to sabotage our OWN energetic wealth in terms of frequency? Who are WE that THEY need US to fuel their agendas??????? How is it that we are so valuable??????? The wake up is discovering not where the money goes but where the energy (our life force) goes and how we give it to them freely to feel secure in their projected reality……. so when you get to the root of it, its not about what they are doing but what we willingly sacrifice to enable them to make their agenda appear to us as real without us knowing where they got the balls to make it happen??? Their reality is projected as our reality and we be live it, there by reinforcing our self sabotage. We look OUTSIDE of ourselves and say, this is what is real. We do not own our own currency and they continue to mastermind ways to keep it this way.