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“So much money is now in circulation that you can tackle whole countries with it.” ~ Rainer Voss
By Catherine Austin Fitts
Sometimes it pays, like Switzerland, to keep your own currency.
Being the powerhouse in a major currency basket, like Germany, also has it’s advantages.
You want to make sure you watch our documentary pick for this week’s Let’s Go to the Movies, Der Banker: Master of the Universe. It’s a powerful interview with former German banker Rainer Voss.
Then take note of the last ten year equity ETF performance in Europe:
Switzerland (EWL) +97.3%
Germany (EWG) + 70.5%
France (EWQ) + 12.4%
Spain (EWP) +3.6%
Greece (GREK) – 10.5%
Portugal (PGAL) – 27.4%
Italy (EWI) -39.9%
Hello Catherine or others, This may not be the right segment to ask this question in but I will ask it anyway.
Are monies held in a brokerage money market fund secure from their bank not being able to use it to pay off there own bank derivatives and creditors? I have heard that banks may be able to seize monies held in bank accounts, but no one talks about whether
monies held in Money Market funds are can be used to pay of debts should there be a meltdown. Thank you for considering this question.
Elinor:
Planning on addressing tonight in short form,
Catherine