G20 Summit

The Editor of Expresso in Portugal wanted my take on the recent G-20 communique. Here is my “translation” of the official statement:

1. Now that the growth of debt and derivatives bubbles has stalled, we are committed to using governmental-central bank mechanisms to cover the positions of any of the large private financial institutions whose profits are at risk due to their management of these bubbles and who can use this opportunity to squeeze and acquire smaller rivals at low cost.

2. Our commitment to use derivatives and market interventions to shift investment from the real economy and commodities into a paper economy is firm. We will continue to use centralized governmental mechanisms to subsidize and manage this process.

3. All of the organizations and players who reaped a fortune engineering the debt and derivatives bubbles will be allowed to keep their winnings.

4. We will use this period of consolidation to further centralize the global financial system by enforcing greater centralization of the standards, practices and control of enforcement and regulatory bureaucracies. This increased governmental centralization will be presented as the “fix” for our “problems.”

5. We will continue the move toward one world government and one world currency.

6. We are prepared to use coordinated inflation of global money supplies and fiscal stimulus to protect our control and positions.

7. We are committed to the Slow Burn (see my blog post on this subject).

8. This process will continue to be managed to protect large insurance and risk positions.

9. The net result will be to continue to exercise growing control over the real economy by a handful of private families and institutions designed to protect and grow intergenerational wealth.

G-20 are silent on the military and covert action that will be required to make this stick. They are also silent on how they are going to manage this much inflation. For example, the most recent figures from the St. Louis Fed indicate that the aggregate monetary base is growing at an annualized rate of almost 800%.

Watch for a new focus on “green investing” as the trick in all of this will be how to create new productivity when the absence of real prices mean there is no market to provide the necessary signals and financial incentives.

++++++++++++++++++++++++++++++++++++

Video clip: Catherine Austin Fitts discusses Housing Bubble fraud in 2008: Live from San Francisco

Following a successful career on Wall Street, Catherine Austin Fitts was appointed U.S. Assistant Secretary of Housing / Federal Housing Commissioner in the first Bush administration. Catherine’s story is chronicled here: dunwalke.com.

Similar Posts

85 Comments

  1. An article I found somehow this week, helped me to see the Big Picture even more. Phil Harris wrote it,in 2003, America’s war against the EU. It’s not a long article, but it wraps it up pretty good. I think.
    It will tell you the reason for us going to war with Iraq. Its all about the dollar value and its use for exchange for oil, rather than gold like it was before 1976. It’s all about Iran trading their oil to the EU now in EURO’s, rather than dollars. And after I read it,my conclusions are:, like Catherine says, they had to create a housing and wall street bubble, and sell the derivatives to EU and China to force them to use USA dollars. We had to sanction Iran to prevent them from d evaluating the dollar. We probably hired the Sudanese to capture all the ocean liners filled with oil from Iran, selling it way to cheap to Europe, we had to head them off before they reached the Nile river. Then, we had to give free trade to foreign countries , so they would buy in USA dollars. Decrease in American jobs had to happen, in order to damn up the corporations from paying for labor in American dollars.
    They had to increase the cost of imported products, to put the people into debt, to again collect in American dollars. There are just enough jobs left to run the country/USA. With the decrease in jobs then those that still have one, will have to pay more taxes to keep the taxes at the same level needed to keep the government intact and financed. And to provide food stamps etc. for the jobless. The stimulus package is going mostly to upgrading airports,ski resorts,government building upgrades, parks and recreation for the rich and famous, in my state of Michigan anyway. Rather than, to start green energy manufacturing businesses to create long lasting jobs and greener housing and cars. Most of all manufacturing jobs and customer service jobs are now in, Mexico,Asia,Philippines,Beliese,India,Canada. I”ve talked to them all for my JC Penny’s card, Charter communications and Orchard Bank. In Michigan you can get forms to do your taxes online, in English,Spanish or Arabic. I believe that immigration from Mexico is in part not stopped because they send their incomes back to Mexico,as I’ve witnessed at Walmarts, and K Marts stores as they wire it via Western Union hundreds of dollars. Probably tax free! Again, more American dollars being exchange,I’ve heard some $50 billion went back Mexico from the USA, legal and illegal aliens.
    Do you think our government is going to give that up or Mexico either??? It’s all done so that the dollar increases in value, as the most exchanged and the most powerful in the world, in value and nation.
    They tricked EU and China with the war in Iraq and the Housing Bubble. Now they want to use Obama to go over and lick their wounds and say everything is all right…just force your money into the system G-20’s, like the USA has done and then pay us back in interest and a world tax and we’ll all come out a winner. Hah, Hah. Except the American people…they will have to suffer and sacrifice for the sins of our country.
    Please read it and see what you think, I wonder what Catherine will say if she reads it!
    here it is: http://www.northstarcompass.org/nsc0304/usvseu.htm

  2. HI CATHERINE.. love your work.. im going to post today an analysis of the G20.. with adove filtering and enlarging the photo you have at the top.. i tried to find this pic on yahoo ap archives but having trouble.. they certainly have HUBRIS.. without being human.. the G20!!!.. ah ho WIOLAWA

  3. BAIL OUT, FAIL OUT
    The Virtual Economy

    Have you heard the latest mysterious case
    Of money missing without a trace
    Of millions, no, billions,
    No, trillions – or, zillions?

    Gone is the wealth that never was there
    The interest due on debtors’ dreams
    From shares on castles in the air
    Built from blueprints of bettors’ schemes.

    NOW!
    Welcome to the magic show,
    Abracadabra presto change-o!
    For the sacred Fed hath said
    “Never mind we’re in the red
    Let’s just forget about this debt.”

    “We took extreme measures In our latest caper
    To simulate treasures By pictures on paper.
    Not to worry, we’re not sorry
    You’ve lost your butt, we’ve got OUR cut!
    You may be bust, but now must trust
    In our instruction to your destruction.”

    IN with the imaginary complicated deal!
    (Only reactionaries remember the real.)
    America now emulates The empires of old:
    We gave up our freedom When we gave up our gold.

  4. In regards to the Elitist’s, I suppose if they think they are GOD, then they probably think that they can create evil or have evil work for them. I was just thinking about the India attack……..maybe Al Quida is in on this NWO trap. Their job may be to panic the people so they do not think straight. Wasn’t Bush friends with Osama Bin Laden? Didn’t he and the 911 Terriorist’s work for the CIA before 911, planning it? I read that somewhere in my research. Notice, about the time we have any hope brewing, they stir up the fear mongers to prove their point, when acturally they could have propagated it! Oh my God……..I”m either seeing the delusion that they have contrived or I am in one my self…I wish I could figure this out. LOL..

  5. Catherine, I heard you on “Coast to Coast” with George Noory, last night, and I am quite concerned about those groups of Americans that want to split the Union into several “independent nations.” I hope you will write extensivly on this serious matter. Thnak you.

  6. Nice post. Here’s the music I wrote about this fiasco called “National Strike”, Enjoy: showcaseyourmusic.com > loren dean > National Strike!

  7. Dear Salvadore on 11-20-08 at 11:03 AM:
    First, you are correct. Second, for whatever reason we have indepentely stumbled upon many truths. Third, have been told from people inside to start covering my tracks better about educating others in the dark about subject material discussed. Know future attempts will be made to quash more and more of our free speech. Fourth, use an alais.
    Abe Lincoln

  8. Catherine,

    Thanks for all of the work you do… I always feel better coming to your sight (couldn’t help myself) I would love to know if you have read the American Monetary Act? and if you had what you think of it.

    If anyone has not they can find it at http://www.monetary.org. It seems very sound to me…. slightly hopeful but also wise and pure in its objectives

    For myself I feel like I have come to know the game a little late and vascillate between fight and flight… but where to fly to?

    As I float between making no decision … it is great to see so many equally concerned citizens of the planet.

    On top of that, having stumbled into knowing darkness…my appreciation for the beauty of people grows and I find myself watching for small caring moments, remembering how amazing it is to spread a little love when you can

    Peace Sebastian

  9. To all Concerned:
    Just finished reading NRA-ILA web site. Obama has just announced he wants Eric Holder as Attorney General. This will try to close up the second amendment. The G-20 is just the begining.
    Abe Lincoln

  10. Many good questions here. I am going to write more on green investing (which indeed has much good involved — yes we should always look for alignments.) and the use of derivatives to channel capital away from the real economy.

    Percolating,

    Catherine

  11. “The good news is we are the leaders. The bad news is we are the leaders.”

    This is very true. The people, just like on this blog, by way of numbers, have the power. What we don’t have is organization. Our power is fractured and thus dissapated. If ever comes the day when we get united under a modern day Jimmy Hoffa (who I persoanlly respected) or an bygone day council of patriots, and dicatate some better terms and conditions, then you will see some big changes and hopefully for the better.

  12. Catherine-

    You wrote- “Watch for a new focus on “green investing” as the trick in all of this will be how to create new productivity when the absence of real prices mean there is no market to provide the necessary signals and financial incentives.”

    Sounds kind of like investing in the space program in the 60s and not having a clue where it would end up or how you’d get your money back. If I were the tapeworm, I’d see unlimited possibilities. I gather you don’t like predicting the future, but could you expand on your point with what you possibly see happening in that regard?

  13. Catherine,

    The central bankers around the globe seem to believe that their is no way they will lose. What do you believe are the chinks in their armor?

    Is it possible that as money becomes more scarce, that people may initiate local (underground) monetary systems rendering central banking obsolete?

    Having been slaves to television since the 1950’s, I would think that the novelty of recreating physical(not internet) social networks based on mutual dependence may cause materialism to take a back seat and in turn allow local economies the ability to create and use a small, local monetary systems. In addition, this might eliminate the unnecessary interstate transportation of useless products.

    It seems to me that the central bankers are only in power because people believe in their idea of money. Their power is contingent upon our belief in their system. I just want to know if their is a way to help others lose this belief. It is astounding that central bankers are going forward with plans for global domination assuming, probably not even considering, if the belief will hold. I look at 700,000,000,000 dollars and just laugh. It is not real. The only thing that is real is how we decide to exchange resources. They are lending trillions and it has changed my way of looking at money. Maybe, Bernanke will wake up one day with no one believing the scam anymore, and he would be carted of in handcuffs or even better, just ignored.

    Thank you for your integrity and perseverance.

    Strother

  14. Excellent translation! How many followed the G-20 a week before in Brazil? San Paolo, Brazil, November 7-9, all G-20 Finance Ministers and Central Banks were there. That is where the deal was struck.

    William Stevenson, “A Man Called Intrepid”, and the Canadian hero, united the European underground prior to the outbreak of WWII, with a secure, simplistic plan. The effectiveness of the plan was instrumental in the defeat of the same Evil in another time of darkness.

    The formula was/is simple… “Wheels within wheels”, or circles of patriots. Imagine circles intersecting or touching other circles by only one person in each circle. Now, imagine our nation covered with these circles. “Wheels within Wheels”. I have a circle and I know other circles; all are linked by only one person in each circle. Those in my circle likewise know one in other circles. I have no idea who is in those circles, but they are spreading. There are no memberships, no lists, no dues or donations, no leaders. Just people taking their own own responsibility to get organized and UNITED against the Enemy as “Resistors”, “Minutemen”, PATRIOTS, REVOLUTIONARIES. Quietly we unite and, in civil-disobedience, we prepare, organize and establish alternative methods of communication to defend our Constitution, protect our loved ones and free our land from the scourge that is upon us.
    If we neglect to organize, there can never be unity. Without unity, our goal to restore our highest law cannot be won. Our Constitution protects us only if we ACT BEFORE the knife is at our throat.
    We must broadcast this message freely, urgently while there is yet time. Will you?

    Form your private circles, fellow patriots, spread the word, and take heart as we expand exponentially throughout our land. The leaders will arise from among us, when the time is right.

    Until then, we lay the groundwork. Afterall, we are the Grassroots.

    May our Lord be with you and yours in victory over His Enemy and ours.

  15. Catherine,

    I would have sent this directly to you but I hope this blog spot will do.

    I have followed your writings for years and am so pleased that you have a publicly available voice during this particularly challenging time.

    Not to take away from the cogency of your post, but I want to veer slightly off topic here — the phrase that caught my eye was your caution (?) to “watch for green investing” as the option to create productivity and I want to share with other eyes my thoughts about how that can be a very good thing…

    As in Aikido, use your opponent’s own momentum to bring about the trajectory you seek.

    If TPTB are going to make a break “our” way by investing in ‘green’ — i.e., moving towards the “green” ala companies like mine (the Natural Burial Company) that are out to change an existing business paradigm, then let’s give TPTB a hand at being green, by all means. Embrace all efforts to improve.

    Deeply embedded in the potential of the “green” economy are a myriad of routes toward business behaviorial change that lead to sustainability. Sustainability is good – and it’s absolutely GREAT for an economy… While the centralization of power can be a negative thing (but not always; witness the Sun), the I Ching says that the power of the great cannot hold; there is no permanent enclave of power, and if we can leverage the greed for power into the greed to do more of the right thing, then that might not be so bad — or at least it could buy us some time.

    Once a little bit changes, a lot more can change — sometimes it just takes the pebble rolling to start the avalanche. We should not be afraid of the changes. We need them. And we would do well to seek out the places that need change most, and then put ourselves in service, right in the middle of their paths. Greening stagnant processes is like moving old chi — it can stimulate the culture’s immune system and bring about new possibilities.

    For example, in the industry (funerals, burials, cemeteries) I have chosen to do my current business work in the world in, there are materials and processes used in sector after sector that are ripe for change. Simple steps like changing out materials and offering new procedures work like tiny levers that could move whole supply chains. If supply chains are being disrupted anyway, what better time than now to change them and prod them towards more sustainable directions?

    In my field, the current 50+ year paradigm of business-as-usual is bankrupting the funeral industry. Even though they technically manage assets (cemeteries) “forever” they can’t even afford to do 20-year look-aheads, their fiscals (not to mention, the environmentals) are so bleak – and goodness knows what SCI’s endowment care maintenance monies look like now that the Dow has tanked.

    And, in addition to the dreadful mismanagement of “pre-need” and “perpetual care” funds, the industry collectively wastes huge amounts of non-renewable resources like land, stone, steel and plastic, containing an enormous amount of embodied and industrial energy (see http://www.beatree.com); they have a disconnected process that alienates and infuriates 90% of the consumers who are all forced to use their product; their cemeteries are under-funded and filling up and, when they’re full, many of them will become wards-of-the-state, paid for in perpetuity by the citizens who have to mow, water, herbicide and pick-up after them for centuries.

    Their model is broken, and they can’t afford to see, much less correct, its mis-steps UNLESS everyone else is engaged in the process of self-correction at the same time (and that’s a key, IMO – asynchronous but concurrent self-correction, across the board, with the assumption that whomever fails to self-correct appropriately for their particular circumstances will, when the tallies are rung, be seriously out of step and perhaps go the way of sleeping investment bankers.) Turning towards sustainability is actually the best thing that could happen to this group.

    And when the funeral industry greens, it will be an improvement for everyone – the business owners, the citizens, and the cities who will be spared the future burden of the inevitable bankruptcies when the model fails. That’s the kind of green that makes a big difference beyond its own boundaries and into the more generalized territory of society as a whole. This is an industry that can green-up pretty fast, and my guess is there are a lot of industries like it who could, with slight shifts in just the right spots, grow new branches almost overnight.

    Plastics shifts to fibers.
    Transportation shifts to in-situ supply.
    Temporary construction shifts to renewable semi-permanence.
    Annual shifts to perennial.
    Waste is captured and repurposed.
    Cutting down and clearing shifts to tending and growing.

    So my challenge to all who are still in the business-as-transformation game is to pick an industry that NEEDS to green – don’t do “fake” green – pick the REAL green, where the gains will be multiplied throughout society, beyond the simple fiscal bottom line and deep into the Popsicle Gradient (thanks, Catherine) where returns are exponentially grown into a whole new type of value – a value beyond money, and approaching where “value” ought to reside: in the constantly improving quality of life for all beings and all creatures who share this place we call earth.

    Money – value – can be grown here.

    And as far as this “they” thing goes – there seems to be a lot of fear about “Them”. We are they. Do “they” want a one-world-economy? Then give it to them: environmental and social stability as evidenced by a Peace (read “popsicle”) Index throughout the One World – the only one we’ve got; “they” want a one-world-currency? Then give it to them: don’t stop at carbon — push on through to the accounting of ergs of sunlight, as translated into physical matter flowing through the biosphere (or stored as oil/coal/carbon), measured in the currency of energy, the measure of the sun-fueled work that it takes to get something physically done, that Buckminster Fuller called for in his thoughtful masterpiece, “Critical Path.” “They” want a one-world-government? Then give it to them — to ‘us’ — and ensure that some version of ‘green’ is an inescapable part of it. Them is us.

    Sometimes, when you’re running a race, everyone gets all frustratingly jammed together and even though you’ve got the speed to outrun them, you just can’t get through because everyone’s all interlocked, holding one another to the same slower pace. So you wait, and you “jockey” for position, and you look for your hole, and you take it when it comes. You don’t miss your hole because you may not get another one in the same race.

    I think “Green” is the hole in this pack. Some people are creating the opening, and we should take it. Sustainable alternatives; necessary products that are relevant to the basics of living and dying; Share your cash (send some my way!); pick an industry where not enough is being done (mine, for example…); invest in useful things that we need more of; MAKE GOOD STUFF… the world will love us for it.

    Thanks for the soapbox and platform.
    Thanks for your perspective.
    Thanks for your tenacity.
    Keep looking for those popsicles!

    And don’t give up!

    Cynthia Beal
    Natural Burial Company
    changing the way we do the very last thing…

  16. As one part of the solution to the current and longstanding global financial instability, the world is moving to a Single Global Currency, managed by a Global Central Bank within a Global Monetary Union. Ms. Fitts may disagree with that trend, but the world will be better and less risky for it.
    The success of the euro shows that monetary union is the best way to ensure monetary stability. The primary problem with the euro and currencies of other monetary unions is the multi-currency system itself where currencies fluctuate in value against each other. If 16 countries
    can use the same currency, why not 192?
    In addition to eliminating currency risk, the use of a Single Global Currency would eliminate the current foreign exchange trading expense of $400 billion annually, eliminate current account imbalances, eliminate the need for foreign exchange reserves (now totalling more than $3 trillion);
    and bring other benefits worth trillions.
    The Single Global Currency Assn. promotes the implementation of a Single Global Currency by 2024, the 80th anniversary of the 1944 conference.
    That’s only 16 years away. The world is moving toward a Single Global Currency through the creation of monetary unions in Asia, North and South America, Africa and the Middle East and the
    expansion of monetary unions in West Africa, the Caribbean and Europe.
    The Assn’s website is http://www.singleglobalcurrency.org. See the book, “The Single Global Currency – Common Cents for the World.”
    Morrison Bonpasse
    President
    Single Global Currency Assn.
    Newcastle, Maine, USA

  17. “Hopefully, and very soon the Fords, Rockefellars, Rothchilds and Warburgs finally die off and we find a way to turn the Federal Reserve Bank into a public institution vs a private bank for the rich and then we may have a chance to be free.”

    It’ll never happen in your lifetime. And your children will never see it either. The elitist hold their power for a reason, and it is by birth within royalty and reigning bloodlines from the days of the pharaoh. The money is but a tool used to manipulate the sheeple into pens, and nothing more. The elitist have what they want, and will continue their conquest, because they can.

    Many people think we are entering a fascist state; some a socialist state. It really doesn’t matter how you view it, it is a totalitarian rule which will occur by those that called themselves jews. Did you know the most important jews are in fact british, and rule in Britain? Yet, what of the official jewish state of Israel? A purposeful disguise and distraction which seconds as a strategic location of military rule. It is their objective to eventually have the land of Jordan, Syria and Lebanon which will empower them further to secure Egypy (their homeland).

    Just look at Obama’s picks for cabinet and other positions:

    Rahm Emanuel, Chief of Staff (you should check his history carefully…full of goodies)

    Emanuel, a former Bill Clinton adviser, is the son of a Jerusalem-born pediatrician who was a member of the Irgun (Etzel or IZL), a militant Zionist group that operated in Palestine between 1931 and 1948.

    Penny Pritzker is the top choice of President-elect Barack Obama to become his secretary of Commerce.

    Penny Pritzker billionaire heiress of Hyatt hotel chain national finance chair of president-elect Barack Obama’s campaign said to be his top choice for Secretary of Commerce

    The 49-year-old billionaire was national finance chair of Obama’s record-breaking presidential campaign that raised in the neighborhood of $640 million.

    Pritzker donated $37,300 to various Obama fundraising accounts this cycle and was named a member of his Transition Economic Advisory Board.

    She is an heir of the Pritzker family of Chicago that founded the Hyatt chain of hotels. Her brother, Jay Robert “J.B.” Pritzker, was a national finance chair for Obama’s New York rival, Sen. Hillary Clinton, and is listed among the top 150 richest Americans.
    Advertisement:

    Penny Pritzker is currently chairwoman of Classic Residence by Hyatt and is listed as among the wealthiest 140 Americans, with an estimated fortune of nearly $3 billion.

    Today Obama announced that Arizona Governor Janet Napolitano will be the new head of Homeland Security. Napolitano is highly partisan and has been an unmitigated disaster for Arizona.

    She christened herself the “education governor” when she came to office and has succeeded in plunging Arizona schools to dead last place in the Nation’s school measurements.

    She is an OPEN BORDERS advocate and did everything to stall any voter initiatives to curb illegal immigration. She then made political postures to make herself look good like deploying the Arizona National Guard to the border- trouble was, they had no guns and spent their time as auto mechanics or clerks- they were never allowed to patrol the border or ever challenge an illegal.

    Crime in phoeins has SKYROCKETED since she came to office, much of it drug gang or coyote related.

    Arizona continues to suffer a string of deaths at the hands of illegals, several police officers have been murdered, and just last weekend a drunken illegal killed a 17 year old girl in a traffic accident – Napolitano does nothing, didn’t even acknowledge the problem.

    Gen. Norton Schwartz, a cargo aircraft pilot who has special operations experience, and who is Jewish, as Air Force chief — a pick that signals the Pentagon wants the force to focus on supporting the two wars, U.S. officials said.

    Many more jewish civil servants to come. Keep your eyes open, and see through their veil. Otherwise, they will forever be your ruler.

  18. Catherine: I wish you whould start a running series of brief translations of major policies and announcements. Granted, this whole site is a translation, but for certain issues, just your back of the envelope length summary would be incredibly useful for allowing local folks to understand, discuss, lobby, change behaviour. Just a thought.

    Much peace.

    h&f

  19. Going forward in time you will see Fiscal Conservatism coming back into the world. Companies and individuals will expand using retained earnings vs borrowed money. Make sense?

    Ironically, the new presidential administration is very leberal and liberal regarding money as well.

    Look for the stock market to bottom in the middle of December and rally hard into June 2009. Do not be fooled. The economy will not stagger to it’s feet until 2011. More to come.

  20. Let’s bring some definition of terms into this rambunctious dialog. Property, in our complex society, is always socially-created, not individually-created. Franklin called it a “creature of convention.” So, if we honestly recognize that property is in fact socially-created–as within and by a family– why can’t we be good family members and democratically regulate that property? Or is someone against democracy?
    I do not advocate state-ownership by some oligarchy, capitalist or otherwise, but that is what we will get if we rest content with the present bailouts. I advocate going farther, and recognizing that property– because it is creature of society– be regulated and controlled by those members of the community most knowledgeable and able to control it, namely, by the people on the job; and let them control it democratically, because everybody likes democracy–or am I wrong about that?
    Do you want a realistic, admirable and contemporary example of on-the-job democracy? Well, the best example I can offer is the internationally admired Semco Corporation in Sao Paolo, Brazil, a manufacturer of pumps. See Ricardo Semler’s “Maverick.” The company is highly productive, and has shown great creativity by the workers in resolving production problems. Everybody is happy at Semco.
    But is our present economy a happy one? Not very. Aren’t we tired of the criminal conduct of Wall Street, and of various CEOs who bankrupt companies, get golden parachutes, and leave entire communities in unemployed tatters? Don’t we want something that works? Well, then, let’s not settle for any form of state-ownership. Or bumbling bureaucratic control. Let’s shorten the distance between producer and consumer. Who’s your banker? Who’s your farmer? Who’s your car-maker? asks Catherine. And the answer Catherine has been advocating, is that these folks should be the guy/gal next door. Someone in your community. Someone with a face. A competent person, of course. But someone you know, or can know. A neighbor, a friend, maybe a family member. Someone who works hard to be responsible, who strives to produce a reliable product or service. Someone like you or me.
    What’s wrong with that?

  21. Unbelievable. I knew the G-20 meeting was massively important, regardless of Bush and the MSM spinning it as a minor event. But, never, ever in my wildest dreams would I imagine a declaration of war against the citizens of the world.

    This “communiqué” can be read as nothing less.

  22. As part of 2 [move to paper economy], all needy families over the holidays will be supplied with pictures of a roasted turkey, as well as pictures of stuffing, mashed potatoes, cranberry sauce, green beans, etc. Pictures of sparkling wine available in some areas. Enjoy.

    See My Letter to America: http://www.JoeSixPack.me

  23. To Dogismyth, who says:

    “Why don’t you and your rich friends do something about this since you have far more power than any of us? All WE get is the same story…that its getting worse and no one can do anything. Yada yada yada.

    I’m tired of reading the same old thing, over and over. WHAT ARE YOU GOING TO DO ABOUT IT LEADER???? Create another blog…?”

    I have known Catherine for 13 years, I think. My favorite Catherinism is “The good news is we are the leaders. The bad news is we are the leaders.” I believe one gets real power by exercising it. That is the only sense in which Catherine has power, because, as you would know if you had read *Dillon Read and the Aristocracy of Prison Profits,* Catherine was relieved of her worldly tangible and financial assets by a US government and its puppeteers bent on maintaining the status quo and preventing reform. As long as the so called “powerless” people continue to vote with their money for the likes of JP Morgan Chase, GOldman Sachs, Bank of America and all the other thieves, listen to the lies the media tells, eat the adulterated food that numbs their minds and causes physical ailments and fail to insist on meaningful election reform, our elected officials will be owned lock, stock and barrel by crooks and the few true, good-hearted and honest leaders who nevertheless ARE elected will have no air cover and no mandate from the people to institute change. This is why, even if Barack Obama were a saint, he could do very little to fix the predicament we have gotten ourselves into. He certainly would be risking his life were he to try to without a mandate for change, and he has no real mandate for change.

  24. Catherine,

    Truly excellent translation. One of our readers sent me here.

    While I salute your exemplary expression of these truths however, I’m compelled to raise the missing link.

    It’s impossible to do so without some first person singular, but, to distill the essential story… in 1983 I provided the Reagan Administration with mathematic proofs and computer models (complete with source code which you can still download and run from our pages), that not only would he fail to balance the federal budget or offset price inflation, but that this very day would arrive. In other words, given 1983 numbers and reasonable anticipation of de-escalated interest rates, those computer models projected a U.S. monetary collapse under terminal sums of debt, potentially/probably drawing the rest of the world down with it, at approximately 2010 AD.

    But the missing link I raise is solution. In other words, unless we ascertain cause, we cannot resolve whatever process is responsible for effect. These models or their related thesis therefore comprise the real, underlying cause (versus myriad consequences).

    Jumping back a few years further regarding this question of cause and solution, in 1979 I published a mathematic proof that a) any economy subject to interest ultimately terminates itself under insoluble debt; and b) that there is one and one only integral solution to 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible, terminal multiplication of debt by interest.

    Thomas Jefferson fairly well identified the principal cause of failure (a), which is the principle by which said models projected this failure; but as no one since developed the singular solution (b), all subsequent history to the present is the consequence.

    Jefferson nonetheless said, “If the American People *ever* allow the banks to issue their currency, first by inflation and then by deflation, the banks and [bank owned] corporations which *will* grow up around them *will* deprive the people of *all* property, until their children wake *homeless* on the continent their fathers conquered.”

    This perception falls just short of solution, because if you unravel it you will find that “first by inflation and then by deflation” refers not just to intentional alteration of the circulation, but to simultaneous processes which engender inevitable failure. That is, merely to maintain a vital circulation subject to interest requires that we re-borrow whatever we pay toward principal and interest, as subsequent sums of debt, perpetually increased so much as periodic interest. Thus a sum of debt will multiply by ever escalating increments of periodic interest on an ever greater sum of debt, until we can no longer afford to service a further sum of debt — with this final stage of the lifespan therefore comprising a state where we can neither borrow further as is necessary to maintain a vital circulation. Then of course, the whole system comes down.

    Franklin, Jefferson, Jackson, Lincoln, and many others gave serious attention to the problem, but never solved it.

    Nonetheless, there are two sides to the coin. The first is recognition of the crime/problem. But this is to no avail if we aren’t going to recognize/implement solution. Still however, neither is the latter idea to any avail if there is one and one only solution, and we propose to implement anything less.

    But as I say, I published a proof of singular solution in 1979; and, since then, not only has that proposition been tested/challenged by academia, it is effectively proven inversely by the culmination of present circumstances.

    Since 1975, I have been referring to the solution as mathematically perfected economy™.

    Our website of course provides substantial invalidations of contending theories. But I invite you to see two of our pages in particular, which readers have recently reported to register the present circumstances in such a way that they finally understand the differences between loss/failure of satellite banks, collapse of the system, and integral solution:

    THE PROBLEM IS NOT DEBT!
    http://perfecteconomy.com/wp/2008/11/17/response-to-ich-the-problem-is-not-debt/

    IF I WERE PRESIDENT: How to arrest monetary collapse in a day:
    http://perfecteconomy.com/pg-if-i-were-president.html

    Regards,

    mike montagne — founder, PEOPLE For Mathematically Perfected Economy™, author/engineer of mathematically perfected economy™ (1979)

  25. Are we aware of the impending threat to limit our speech on the net? First the ‘[un]fairness doctrines’ with silencing our internet voices to follow. Thanks for a literate blog. Thank you Catherine!

  26. Thanks Abe,
    Sorry if the comment is out of context, but my first comment is still waiting for approval, in my pending comment, I managed to bring the subject of global warming into context, hopefully it will be approved.

    I don’t think people are going to have to work to hard to figure out the reality of the situation, because it is right in there face every day now.
    But then again, “ignorance is bliss”
    A wise man once said, “Perception is not reality, you can wear virtual reality glasses that simulate walking in the woods, and meanwhile you just walked over a cliff, you may think you are in the woods, but in reality, you are in free fall to your doom”

    keep on fighting the good fight Abe, and all other illuminated ones.

  27. Dear Salvadore on 11-20-08 at 11:04 AM:
    Well put. Now if we can only get people to research for themselves and find the truth we posted.
    Thank you.
    Abe Lincoln

  28. To all concerned:
    Blograbbit said; “Never thought you would attract so many ‘evangelicals’. It seems many people are much more inclined to follow world events only in-so-far as it “fulfills” whichever prophecy they have subscribed to rather than using the information to take control of their own destinies!”
    First, Judism and Christianity have relied on the signs of the times to correlate Bibilcal prophecy not their own National Inquirer!
    Second, there is an old saying: “he who owns the gold makes the rules!”
    Third, it is no secret that the Rockefeller family and a hand full other families around the World have been trying to bring about a one World Government for some time to benefit themselves. Please look up Tri-Lateral Commission and the Illumanti. Again, please do not believe me, go look on the Internet for yourself. The truth will set you free and you do not have to believe in any religion to understand what is happening. Also, Rockerfeller said and I quote: “If these actions bring about a one World Government, so be it!” Rockerfellers’ words not evangelicals.
    Fourth, people better listen closely when Obama speaks. Every once in a while when he is not reading from a promtor, he has a Freudian slip. AKA, the truth slips out. Wealth redistribution is none other than Socialism.
    Fifth, whether you want to believe it or not, all these actions are leading up to bringing about the Anti-Christ. The World is in a perfect postition for this to happen. Wars, droughts, crimes, worthless money, unemployment, food shortages, foreclosures, to name a few. I know in advance, someone will say, see an evangelical! Look past “evangelial” and evualte current World conditions for yourself. The people of the World will cry out for anyone to “fix” these problems and Mr.666 will present himself and say, “you called!” Do not believe me, but he is alive and well right now just waiting for World events to break allowing him to enter the World stage.
    Sixth, the policies Obama wants to bring about are no way fiscal possible. Please re-read what I wrote on 11-19-08 at 10:05 PM pertaining to money and the value of it.
    Seventh, information provided was supplied by, Political Scientisits, Economists, Philosophers, and Theologians, not “fanactial evangelicals.” Your welcome Blograbbit!
    Abe Lincoln

  29. And for your viewing pleasure, a few choice quotes from the creators of the great global warming swindle,
    “Global Sustainability requires the deliberate quest of poverty,
    reduced resource consumption and set levels of mortality control.”
    – Professor Maurice King

    “My three main goals would be to reduce human population to
    about 100 million worldwide, destroy the industrial infrastructure
    and see wilderness, with it’s full complement of species,
    returning throughout the world.”
    -Dave Foreman,
    co-founder of Earth First!

    “All these dangers are caused by human intervention
    and it is only through changed attitudes and
    behaviour that they can be overcome.
    The real enemy, then, is humanity itself.”
    – Club of Rome,
    The First Global Revolution (this book cost $77 on amazon for a used copy, they must not want “Joe six pack to read it)

    “A total population of 250-300 million people,
    a 95% decline from present levels, would be ideal.”
    – Ted Turner,
    founder of CNN and major UN donor

    “In searching for a new enemy to unite us, we came up
    with the idea that pollution, the threat of global warming,
    water shortages, famine and the like would fit the bill.”
    – Club of Rome,
    The First Global Revolution

    “We need to get some broad based support,
    to capture the public’s imagination…
    So we have to offer up scary scenarios,
    make simplified, dramatic statements
    and make little mention of any doubts…
    Each of us has to decide what the right balance
    is between being effective and being honest.”
    – Stephen Schneider,
    Stanford Professor of Climatology,
    lead author of many IPCC reports

    “It doesn’t matter what is true,
    it only matters what people believe is true.”
    – Paul Watson,
    co-founder of Greenpeace

    “We are on the verge of a global transformation.
    All we need is the right major crisis…”
    – David Rockefeller,
    Club of Rome executive member

    “The fate of mankind, as well as of religion, depends upon
    the emergence of a new faith in the future.
    Armed with such a faith, we might find
    it possible to resanctify the earth.”
    – Al Gore,
    Earth in the Balance

    “The greatest hope for the Earth lies in religionists and
    scientists uniting to awaken the world to its near fatal predicament
    and then leading mankind out of the bewildering maze of
    international crises into the future Utopia of humanist hope.”
    – Club of Rome,
    Goals for Mankind

    “The earth is not dead matter. She is alive.
    Now begin to speak to the earth as you walk.
    You can speak out loud, or just talk to her in your mind.
    Send your love into her with your exhalation. Feel your
    heart touching upon the heart of the planet. Say to her
    whatever words come to you: Mother Earth, I love you.
    Mother Earth, I bless you. May you be healed. May all
    your creatures be happy. Peace to you, Mother Earth.
    On behalf of the human race, I ask forgiveness
    for having injured you. Forgive us, Mother Earth”
    – US Student Textbook,
    “Prayer to the Earth”

    Sorry for taking up so much space Cathrine

  30. WOW, great discussion folks.
    Just a few thoughts, there has been talk of the wealthy elite dieing off someday soon, I don’t think so, these people have unlimited wealth (so long as we allow them to by up real assets with their paper money, which they can print at will) and with this wealth comes the spoils, by which I mean, all the advances in modern medicine, they do not pump themselves full of pharmasuticals, they do not drink fluoridated water contaminated with up to 50 different psychotropic drugs. The eat only the finest organic food, they filter the air they breath, and they celite there blood and every once in a while they do a full blood transfusion. They even carry there on blood with them when they travel . What you thought they would risk taking blood from an anonymous donor?
    Plus they have been know to utilize the forsaken technology of stem cell cloning to clone organs they might need to survive. These people leave nothing to chance, (not even elections)

    Also, someone taught that the “New Society” would be a “godless one”,
    Well, what do you think this whole thing about global warming is? It is a religion, and a world religion, and Gia is the god.
    Look out folks, Katie bar the door cause the environment police (your children) are coming.
    Obama promises that everyone that has lost there job in the last year will have a spot on the new “Civilian National Security Force” that will be “just as powerful, and well funded as our military”
    Dont get me wrong, I do think humans are screwing up the planet, but not by exhaling carbon dioxide, but more like all the GM crops we are planting, with no regard for the effects on the ecosystem, and no fore knowledge of how they might mutate in the future. Also, the chem trails, and weather modification, have a devastating effect on plants and animals.

    And someone else said that “these people are not as smart as we think” or something to that effect.
    Well, maybe not, but they have huge think tanks and NGO’s to do the thinking for them, the Club of Rome, Council on Foreign Relations, Ford Foundation, Carnegie Institute, and Royal Institute of International Affairs just to name a few. These NGO’s are where all our policies come from. Even the idea of Global Warming, (thats right, it is a policy not science)

    The bible is not prophetic, it is the agenda of the illuminati, the great plan that they have been working on for hundreds of years,
    for instance, the mark of the beast, one will not be permitted to buy or sell with out the mark,
    well the mark will not be 666, but it will be a RFID chip implanted in you hand or skull.
    And with out it you may not buy or sell.
    The “Rapture” is not going to be folks swept away to heaven, but instead a 90% reduction in global population, possible in the name of Gia.

    The carbon tax, or “Cap and Trade” is going to be the engine that drives the one world government.

  31. Carol: “The return of Jesus cannot be far off.” — I took that as some dark humor. If I remember right, we are going to have a Devil of a Time first. Remember: No pain, no gain.

  32. Catherine, Did the Editor of Expresso publish your excellent translation? or are only us here “in the Choir” getting the message?

  33. A note on ideology.

    In old-speak, I am a democratic capitalist with a conservative leaning. I believe in freedom of information, speech and free markets. I am dedicated to the importance of good manners.

    I believe that organized crime is the enemy of free markets, no matter how much free market rhetoric is used to justify organized crime and destroy the intellectual integrity and popular understanding of the role of healthy markets, the rule of law and optimization of economic communication and performance.

    I am for de-centralization of decision making — hence, uncomfortable with systems that depend on force and that reduce optimization such as communism or IMF/World bank systems.

    I agree with the Declaration of Independence — our freedom comes to us through divine authority and governing structures receive their authority from the consent of the governed.

    I agree with Sting — if you love someone, set them free.

    I agree with Jesus Chris — I come that you should have life more abundant.

    I attempt to live up by the 10 commandments. My current performance affords me much opportunity for improvement.

    Most importantly, I am uncomfortable with ideology. As my late, great uncle, Dr. Charles T. Fitts, used to say, “God save me from the bastard with a mission.”

    I have found that a sense of humour, a heart of love, a state of amusement and a commitment to being useful and to appreciate the mystery of life and little things supports good listening and turtling forward.

    It is by turtling forward and being useful to each other that the new systems will emerge….who knows what they will be. Since no one is as smart as all of us, our potential emerges if we listen and learn from each other.

    Hence, my preference for sharing useful data and aligning with people of diverse philosophies for practical action over discussions of ideology.

    Another reason to love the Internet!

  34. Wow Catherine…
    never thought you’d attract so many “evangelicals”. It seems many people are much more inclined to follow world events only insofar as it “fulfills” whichever prophecy they have subscribed to rather than using the information to take control of their own destinies. Naturally, this inclination is what has allowed the bastards represented by this G-20 to get as far as they have.

    In any war, and we are at war with these interests, one must utilize the tools at one’s disposal. We do not have the weapons, they do. We do not have the money, they do. So, what do we have? We have ourselves, which is another way of saying: we have society.

    Make them pay.

    A credit card company does not distinguish between a goodhearted man and a psychopath. They make only a distinguish between a man with good or bad credit. We will only distinguish between bankers and non bankers, brokers and non brokers. They shall be shunned from society.

    How’s that for a prophecy?

    Get to work

  35. My comment re Catherine applying for Secretary was the first comment I ever posted to this website.I wrote what I said tongue-in-cheek, thinking that Catherine would get a laugh from it. Full disclosure: Catherine is my financial advisor. My mother had entrusted me with preserving her capital prior to her stroke and that left me with finding a way to doing just that – preserving her capital.I had family members who were very effed off at me for taking action without consulting them. Catherine provided a forum for the airing, and yes, eventually healing of our views. We didn’t do everything Catherine advised, but looking back, I do believe Catherine is prescient. Who heard of the credit crunch – what was it now, two years ago? I dunno, even if it is a far fetch – I still wish Catherine would be the next Treasury Secretary.
    Imagine the healing that would occur? On many levels, across nations, worlds. I can have a dream.

  36. David , thank you for your explanation pertaining to Obamas election and his ultimate purpose. How deluded people can be never ceases to amaze me. Obama whether he himself honestly ever believed in change or not, is going to be used, as you say David, to safeguard the STATUS QUO. Yes, you can fool some of the people ALL of the time, a saying I think, attributed to President Bush jr.

  37. Catherine Austin Fitts, is a friend of the working citizenry of the world, and the best expositor on the criminality that is Wall Street and other stock markets. No this is not a communist type statement. These so called capitalists are anything but. They are rapacious, lazy, corrupt to the core thieves, who do nothing but make money of other peoples money. They produce nothing. They stand for nothing. They help no communities. They are quite simply enemies of honest people around the world.

  38. To all Americans and citizens of the World:
    The current economic system in use is; John Maynard Keynes (Keynesian). This is none other than what the now infamous Wall Street Gang, Banks and Insurnce companies have used. Wish everyone reading would check out Ludwig von Mises. His Economic policy would put Amercia back on tract. You see fellow citizens, Politicans and Lobbyists love when “you” are ignorant to Ecomonics. They can push through their bills into laws because ninety-nine per cent of Americans do not know Ecomonics.
    Abe Lincoln

  39. Just try and make Canada part of your one world government, they dont call road here the sea to die highway for nothin!

  40. Catherine,

    Thanks! Talk about hitting the bullseye.

    Mike,

    I would like to profer a comment. You are a communist. That is fine, just don’t drag the rest of down with you. Of course, you will need everyone to paticipate in your so-called “equity positions” in order to stabalize the base of your communist Ponzi finance schemes.

    Communism, socialism, whateverisms are simply slave systems under the guise of egalatarianism. I prefer to live in a country where my Natural Rights are secure and the voluntary free exchange of goods and services is the economy. All rights stem from property which you so nonchalantly dismiss as “socially-owned” which is akin to saying the state owns you. I am no man’s property.

    Unfortunatlly for me, the Hegelian Dialectic has been perfected and you seem to be correct. This latest problem-reaction-solution crisis will likely result in a world-wide neo-mercantalist feudal system enforced by a technological police state.

    So congratulations and please consider this as you are standing in line to get your gasoline ration card.

  41. Harry,

    So Bob Chapman is scary and a bit of a looney(to you) because he is intelligent to anybody with a brain.You need to do the work yourself,stop asking people.You know where to find the information so study it!!!Like the rest of us,it is knowledge.No one knows exactly what is going to happen and when.Stop labeling people that are truly working hard.Catherine,excellent analysis as usual.

  42. Long live the Old Local Chaos (OLC). Down with the New World Order (NWO).

    I hope all of you are buying land in the country. Anyone want to become an organic farmer? I do!

  43. To all Americans and Citizens of the World:
    Please re-read all nine categories. Especially numbers two and five.
    Number two: “Our commitment to use derivavatives and market interventions to shift investment from the real economy and commodities into a paper economy is firm. We will use centralized governmental mechanisms to subsidize and manage this process.” (A) Please look into J. P. Morgan and see how heavily they are drowning with derivatives and we want to follow in their footsteps?(B Market intervention from a government standpoint is to take your pick: Socialism or Communism. (C) A paper economy is firm. Hello, the more paper you print the less it is worth. Also, please tell Ben Bernake that everytime he keeps lowering the Fed rate, the dollar is worth less in value.(D) Use centralized governmental mechanisms to subsidize and manage this process. (D) We already have that. Welfare, Food Stamps, Aid to Dependent Children, Housing Vouchers, etc.(E) Manage this process. Does anyone not know that ever time the Government gets invloved; it takes twice as long to get it done and usually ten times as much as the original price that the free market system would cost to get it done.
    Number five: Moving toward a one World Government is what the Illumanti wants. (A)This fine group of people want to bring about this one World (God-less) Government. Anyone ever heard of the Anti-Christ? Please by no means believe me, go to the Internet and research yourself the word Illumanti. One World currency. (B) This will be none other than take the mark of the Beast yes, that is Mr.666 to the uniformed. Again, go to the Internet at research yourself. You will be glad you did! Wake up people, I am not a; “chicken little the sky is falling type person!” Everything I have written is the truth. When seeking the truth it will present itself to you. Enjoy your quest!
    Abe Lincoln

  44. I’m an old economic-democracy-socialist who has long seen social ownership plus on-the-job-democracy as a very practical, efficient & sensible way to run an economy. Various others have been increasingly advocating it, too, such as David Korten in “The Post-Corporate World,” and Cavanagh & Mander in “Alternatives to Economic Globalization.” In fact, a major Brazilian industrialist, Ricardo Semler, CEO of Semco, has welcomed & encouraged on-the-job into his large Sao Paulo manufacturing plant [see “Maverick”].
    It’s not such a great leap from a bursting derivatives bubble to a socially socially-owned and democratically-run economy, considering the ‘equity positions’ being suggested, and that it is the taxpayers who are ultimately bailing out Wall Street and possibly Detroit. So, I’m wondering if Catherine or someone else would care to comment here? Thanks, MaysvilleMike

  45. In response to Eileen Nov 17th and Charlotte Nov 19th you are either not paying attention or are very naive in believing that Hussien would ever put some one with Cathrine Fitts abilities and unbelievably accurate insite into his cabinet.Hussien was put in office with the liberal mass media help to make sure we stay on the same track.Cathrine would upset the elites plan of control of the population.Two examples look at his cabinet picks same people who have been in cotnrol for the last 20 years.Nine out of ten people I talk to do not know what is going on,as long as they have dancing with the stars and liberal Oprah Winfrey to watch and a full belly their happy.Two Hussien voted for the bail out with absolutely no oversite at all which includes one person that decides who gets the bail outs.Do you actually believe that hussien raised the massive amount of money he raised in one month which he claimed was given by the average american citizen because they want change.I have a suggestion for you educate your self and always always follow the money.So much for change the only change we will get is change in our pockets.

  46. M Henkels has some belief that Obama has hopes for change? Hate to shatter your bubble but the ‘two party system’ is there only to fool those niaive enough to think a ‘democratic’ republic has a say in it’s future. The creation of the Federal Reserve in 1913 was illegal and constitutes a group of private banks who determine what the USA does and by inference the rest of the world. Rahm Emmanuel is probably more of a neocon than any in the current Bush administration and who is a self proclaimed ‘Israel Firster’ with time already served in the IDF and his father an ex Irgun terrorist who moved to the US. The best hope for the US and the world is if a new revolution occurs before these so called world leaders take us to Armageddon.

    Many thanks Catherine for a succinct and insightful precis of what we are hearing.

  47. This time they will fail. Thet are really not as smart as you think. They will try to rescue the financial system by declaring a Jubilee. How – create a new currency for international finance.

    Hopefully, and very soon the Fords, Rockefellars, Rothchilds and Warburgs finally die off and we find a way to turn the Federal Reserve Bank into a public institution vs a private bank for the rich and then we may have a chance to be free.

    BTW – Don’t expect anything great under Obama. He doesn’t know a macro from a micro, but is an astute socialist/marxist/revolutionary.

  48. Why does it have to be the return of ‘Christ’? Christianity has only been around 2,000 years. Buddhism has been around 5,000 years and makes a lot more philosophical sense than Christianity, or Islam, or Judaism for that matter. When are we going to see the return of Buddha? Or the return of the extraterrestrials who may have engineered our DNA? Don’t get me wrong, I am a baptized Christian, but why does every topic always have to revolve around western Christianity? People are very close minded and quite elitist when it comes to religion. What if your given religion is simply not correct? What if the Buddhist or Hindu philosophers were correct, instead? What does it all mean?

  49. Well Catherine…

    Why don’t you and your rich friends do something about this since you have far more power than any of us? All WE get is the same story…that its getting worse and no one can do anything. Yada yada yada.

    I’m tired of reading the same old thing, over and over. WHAT ARE YOU GOING TO DO ABOUT IT LEADER???? Create another blog…?

  50. These cental bankers have financed both sides of every war… for decades… They are comprised of the Europes riches families… Why should they rule our world? They pay no taxes, fight no wars and never starve of slave to get by like of us common folk… Why do you want to be ruled by the rich, the rich who have generations of blood on their hands?

  51. The rabbit hole is about to be uncovered. And whether one likes it or not, we are all going to go down it.

  52. Concerning No. 9 The USA has handed over a squadron of Stealth bombers to the UN
    NATO is becoming a UN entity
    and those that do not comply with all the agendas will be blown up.
    Americans will be stacked and packed in zones of population.
    I personally predict 20 to 50 dead Americans who are resistors and it could be as much as 275 million by extermination.
    especially agenda 21 which will strip Americans of more than most Americans can stand.

  53. Way to go . You have the right insight. I started this study in the early 1980’s when I was in my early 20’s. We are in for a very real hard time and most Americans are out of the loop. Thanks

  54. there are those who are ranting and raving on the internet (bob chapman of international forecaster} that we should all drop everything and buy gold. he is scary this guy and he is
    a bit of a looney. what do you think? just another bubble?

    Who are some of those families? Gates? Googles? What banks?

  55. Hi Catherine,
    In your latest commentary on G-20 you did not mention the official name of the designated new
    global currency which Glenn Beck named. He also entitled the conference Brettonwood Three and wonder how you feel about that scenario.
    Looking forward to seeing a more comprehensive report on the conference and the resulting repercussions, short, medium, and long range.
    archivesDave

  56. Great run-down. I do have high hopes for change with Obama, changes he cannot present just yet.
    When people find out their retirements aren’t what they expect, there will be changes. I have personally stopped making credit card payments, and now, after 3 months, they are working to settle with me, for about half.

    Catherine needs to be nominated to be involved with Volcker, who hopefully will be at the Treasury.
    another great website is http://www.jsmineset.com

  57. Yvonne re: Ecuador, ( 4th above ), made the most telling comment. G-20 unveils action. Third World reacts with what will be a more powerful reaction. Not fiat vs. hard currency. More protectionism, (tariffs etc. to protect local sustainability), vs. ‘free trade’. The lines are being drawn. Look to all equatorial capitols, Quito, Kampala etc. first. Gul in Turkey also seeing ahead in this and hosting inside meetings. That they are not in Ankara sends a message. Economies will go local. Period. Only question is at what blood price.
    Michael.

  58. Thank you for proving me right! With your knowledge and experience, I can take this information to my naysayer neighbors and let them read the facts, sans all of the gray matter.
    Yvonne A

  59. Steven, some of us aren’t exactly interested in hearing about your rapture nonsense. Why don’t you take it to an end-times forum?

  60. Thank you Cathrine for this info,
    For anyone who wants to know the truth about the present state of affairs, I beg you all to visit http://www.infowars.com, here you will get the break down of who’s who in politics, and who is really pulling Bush’s AND Obama’s puppet strings.

    again, please, PLEASE visit infowars.com, in fact Cathrine was a guest on the Alex Jones’ radio show, and he was recently talking about getting her back on the show.

    We need to wake up to the tyranny before it is too late.

    DOWN WITH THE NEW WORLD ORDER!!!

  61. Excellent translation! It begins the fulfillment of Bible prophecy –One world government! Centralized control. The return of Jesus cannot be far off.

  62. Hi Catherine,

    Amy has brought up some important questions about gold. Can you address these?

    thank you
    yvonne

  63. Looks like Ecuador Pres. Correa is taking a stand!

    Ecuador Misses Key Interest Payment, Citing Debt’s “Illegitimacy”

    November 17, 2008 (LPAC)–On Nov. 15, one day after his government missed a $30.6 million interest payment on its Global 2012 bond, Ecuadorian President Rafael Correa denied that the missed payment represented a moratorium on the foreign debt.

    Rather, he said, his government has serious questions as to the legitimacy of the foreign debt. Speaking on his weekly radio show, he said he would use the 30-day grace period which the debt contract allows, to further study the situation, and would consult the finding of a special commission which has spent months auditing the foreign debt, and whose final report will be released on Nov. 20.

    The commission’s preliminary findings have already been “truly horrifying,” Correa said, with more than enough proof of illegal and abusive behavior by foreign creditors.

    Immediately after the government missed the payment, Standard & Whores rating agency cut Ecuador’s rating to CCC-, three levels above default. But Correa responded that what S&P, and other “financial speculators and creditors” do, doesn’t interest him in the least. “We shall act in the country’s interest, and [on behalf] of the common good.” That is the only important criteria, he said.

  64. Hi Catherine, Does the Bretton Woods agreement here mean that the US is going back on the gold standard? when? do you think that the follow up to the “last chance sale of gold” by the US Mint that started Saturday Nov. 15 will be confiscation of gold and silver? Is it your information that it is no longer prudent to buy gold and silver coins? Do you feel numismatic coins are a good investment in these conditions? Is all this getting the US in place for the amero at 4 to 1 in 2010?
    Thanks!

  65. Navigating toward a financially intimate world – Whose your farmer? Whose your banker? Where’s your money?

    I was going to publish this on my facebook page – but it comes up with the above sentence – with all the mis-spellings. not good… >> Who’s — for who is >> not whose . . . .

  66. considering the neo-liberal tone of the rest of his appointments, i think obama is about as likely to bring noam chomsky and howard zinn into the government as he is to give any power to ms. fitts…..ah, you hope fiends, have you lost touch with reality? 🙂

  67. I absolutely agree with Eileen. One night on coast-to-coast, I was thinking the very same thing —
    that we need you Catherine in Obama’s presidency in the Treasury Dept. You would clean up that huge
    mess in a hurry and put a stop to all of this money going to the global elite just so they can create
    more slavery and tyranny on us all. I’m writing to President Elect Obama and making that recommenda-
    tion to him.

  68. Catherine,
    Have a look at the picture captioning this article.
    Where are YOU girlfriend?
    I wish you would apply for the job of Treasury Secretary.
    We need common sense.

  69. Dear Catherine, thank you for the interpretation/outcomes of the G20 summit. Was there hope for a different outcome? Now, we the people will simply have to “start the revolution” – quickly yet quietly, working together with spiritual stealth – intelligently, purposefully, with directed purpose and sustained vision. Risa/Judith

Comments are closed.