“To allow [money] to become a source of revenue to private issuers is to create, first, a secret and illicit arm of the government and, last, a rival power strong enough ultimately to overthrow all other forms of government.” ~ Frederick Soddy

By Catherine Austin Fitts

This paper provides an overview of critical issues related to the U S federal finances
and the systemic lawlessness of current federal financial management. Our goal is to help:

  • U S presidential candidates and their staff and economic advisors understand the
    critical issues to be addressed to reform the U S federal finances; and
  • State officials and legislators and their staff understand the urgency of taking
    legislative and operational action to protect their governmental sovereignty as well
    as the financial transaction freedom of their state, political subdivisions, financial
    institutions, and citizens
Read the PDF

Related Reading:

The Solari Papers #2: U.S. State Bullion Depositories (January 2024)

On Deficits and Profits


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Executive Mansion
Washington, Nov. 21, 1864

To Mrs. Bixby, Boston, Mass.
Dear Madam,

I have been shown in the files of the War Department a statement of the Adjutant General of Massachusett…

10 Comments

  1. Kevin Freeman wrote in Pirate Money about a plan to deposit gold in a depository like the one now in Texas, linking to a debit card and an app called glint, and spending the resulting digitized gold like it was fiat. I can’t quite figure out how to do it though. Any thoughts?

    1. I have been doing due diligence on glint. Important issue to me is how we keep our digital systems free. Using gold does not address it. Still need digital systems to be free and need non-digital options.

  2. Since you requested comments :

    1. The relationship between government deficit spending and private corporate profits appears to be entirely omitted. Even if deemed irrelevant an explanation of the omission should be added.
    2. A perhaps more minor comment is in relation to cryptocurrencies vis a vis fiat currency and also trimetallic currencies. But the answer to the question of what the perfect currency would look like is probably best handled separately.

    1. good point, Richard. That has been covered at many of the link given. I always assume that it is obvious, but your remind me that for many it is not. Will keep it in mind for next time.
      FYI – I did a review of the ideal currency system for the `Greater Rest. will look for the video and post.

      2. Yes, the principles are simple and obvious, but after that it gets complicated quickly, especially when I try putting the numbers in place. I’ll put something up on my substack around the end of this week.

  3. This is a very relevant document. Like how it destroys the concept of “sound money” (a.k.a. “fiat is worthless”). Also brings right out in the open the purpose of making people dependent and in debt for control purposes.

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