Putin’s comment on the dollar:
https://twitter.com/i/status/1195282924624465927

By Catherine Austin Fitts

I am working on The State of Our Currencies – given Putin’s recent comments, it seems a highly appropriate time to be writing this.

We will publish this in December – if you have questions on the future of the dollar and global currencies, please post here!

Audio is now posted! Click here.

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45 Comments

    1. 5.) https://m.youtube.com/watch?v=9y8gxiNzQdU

      These 5 videos do a good job explaining the connections between money and geopolitics, but the underlying reasons go much deeper. If interested let me know, and I would be more than glad to elaborate with references. (Hint: papacy and its military arm of Jesuits…) By the way, the Rothschilds are the “Guardians of the Vatican Treasury.”…

    2. Too much “homework” for me for the Christmas season, but will try to check out.

      1. Hello Catherine,
        I wanted to ask if you have read or heard of the following, and your view on the matter:

        At the Congress of Vienna in 1814, which was led by the Jesuits, the leaders of Europe formed a plan to destroy the American government, because if they didn’t, the concepts of a Republic that is for the people would spread to destroy them.

        At the Treaty of Verona in 1822, the leaders of Europe and the Pope/Jesuits gathered to discuss the ways to destroy the U.S.

        “The Congress of Vienna was a conspiracy against Popular Governments at which the ‘high contracting parties’ announced at its close that they had formed a ‘holy alliance.’ This was a cloak under which they masked to deceive the people. The particular business of the Congress of Verona, it developed, was the RATIFICATION of Article Six of the Congress of Vienna, which was in short, a promise to prevent or destroy Popular Governments wherever found, and to reestablish monarchy where it had been set aside.
        The ‘high contracting parties’ of this compact, which were Russia, Prussia, [Germany], Austria, and Pope Pius VII, king of the Papal States, entered into a secret treaty to do so.” — Burke McCarty, The Suppressed Truth About the Assassination of Abraham Lincoln, Arya Varta Publishing, 1924, p. 7.

        Jefferson told President James Monroe that we need to do everything in our power to stop this ‘Holy’ Alliance from the Pope, from destroying America.

        America’s response to the two European congresses was the Monroe Doctrine, which said, “You stay over there, we’ll stay over here. If you ever colonize in the Western hemisphere, we will consider it an act of war.”

        John Adams and Thomas Jefferson, who both opposed the ‘Holy’ Alliance of the Papal Church, both died on the same day, on July 4, 1826, the 50th anniversary of the Declaration of Independence.

        What are the odds? And no autopsies were performed that may have proved that they were poisoned.

        President James Monroe died on July 4, 1831, five years later, on the anniversary of the Declaration of Independence.

        Again, what are the odds? He supposedly died from TB, but the symptoms are basically the same as arsenic poisoning.

        President Zachary Taylor only served from March 1849 until his death in July 1850, when he got violently sick on July 4th (go figure). He fought the poison for 5 days and avoided the July 4th curse, he died on the 9th.

        Part of The Jesuit Oath:
        I furthermore promise and declare that I will, when opportunity present, make and wage relentless war, secretly or openly, against all heretics, Protestants and Liberals, as I am directed to do, to extirpate and exterminate them from the face of the whole earth; and that I will spare neither age, sex or condition; and that I will hang, waste, boil, flay, strangle and bury alive these infamous heretics, rip up the stomachs and wombs of their women and crush their infants’ heads against the walls, in order to annihilate forever their execrable race.

        That when the same cannot be done openly, I WILL SECRETLY USE THE POISONED CUP , the strangulating cord, the steel of the poniard or the leaden bullet, regardless of the honor, rank, dignity, or authority of the person or persons, whatever may be their condition in life, either public or private, as I at any time may be directed so to do by any agent of the Pope or Superior of the Brotherhood of the Holy Faith, of the Society of Jesus.

        The primary goal of the Jesuits for the Civil War was to bankrupt America.

        Abraham Lincoln had proclaimed, “The war (the American Civil War) would never have been possible without the sinister influence of the Jesuits.”

        “I feel more and more every day that it is not against the Americans of the South alone that I am fighting; it is more against the Pope of Rome, his perfidious Jesuits and their blind and bloodthirsty slaves.” Abraham Lincoln to Charles Chiniquy

        Lincoln was killed by John Wilkes Booth who was a Catholic, who was being supported by the Jesuits.

        “It would seem that the Jesuits had had it in mind, from the beginning of the war [the American Civil War of 1861-1865], to find an occasion for the taking off [i.e., the assassination] of Mr. Lincoln. The favorite policy of the Jesuits [is] that of assassination.” Source: U.S. Army Brigadier General Thomas M. Harris; “Rome’s Responsibility for the Assassination of Abraham Lincoln”; 1897; Page 19

        President Reagan reestablished diplomatic relations with the Vatican.

        Many ‘Christians’ make Reagan out to be a good guy, but he was the first President to be sworn in on the West Front of the United States Capitol Building, that faces the Satanic obelisk, which is a phallic symbol of the sun god.

        And it was Reagan who caused the United States to have full diplomatic relations with the ‘Holy’ See for the first time since 1867.

        Diplomatic relations seem to have been stopped in 1867, because it was proven that the Jesuits caused President Lincoln to be assassinated; and the previous Presidents to be killed.

        “The Jesuits…are a secret society with super-added features of revolting odiousness, and a thousand times more dangerous.” Samuel Morse (1791-1872; American inventor of the telegraph; author of the book Foreign Conspiracy Against the Liberties of the United States)

        In 1894, R.W. Thompson, American Secretary of the Navy, wrote,
        The sovereigns of the ‘Holy Alliance’ had massed large armies, and soon entered into a pledge to devote them to the suppression of all uprisings of the people in favor of free government; and he [Pope Pius VII] desired to devote the Jesuits, supported by his pontifical power, to the accomplishment of that end. He knew how faithfully they would apply themselves to that work, and hence he counseled them, in his decree of restoration, to strictly observe the ‘useful advices and salutary counsels’ whereby Loyola had made absolution the cornerstone of the society. — R.W. Thompson, The Footprints of the Jesuits, Hunt and Eaton, 1894, p. 251.

        Napoleon Bonaparte made this statement:
        The Jesuits are a military organization, not a religious order. Their chief is a general of an army, not the mere father abbot of a monastery. And the aim of this organization is: POWER. Power in its most despotic exercise. Absolute power, universal power, power to control the world by the volition of a single man. Jesuitism is the most absolute of despotisms; and at the same time the greatest and most enormous of abuses….

        “The appointment of Rothschild gave the black papacy absolute financial privacy and secrecy. Who would ever search a family of Jews for the key to the wealth of the Roman Catholic Church?”
        — F. Tupper Saussy, Rulers of Evil, Harper Collins, page 160, 161

        The Rothschilds are the Jesuit-controlled “Guardians of the Vatican Treasury” and use their Jewish background as a facade to cover their sinister activities.

        Is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? Is there not cause to tremble for the purity of our elections in peace and for the independence of our country in war? Controlling our currency, receiving our public monies, and holding thousands of our citizens in dependence, it would be more formidable and dangerous than a naval and military power of the enemy. — Herman E. Kross, Documentary History of Banking and Currency in the United States, Chelsea House, pp. 26, 27.

        1. Daniel:

          This is not a period I am familiar with. I am not a believer in the theory that everything can be blamed on one small group – whether the Jesuits, the Masons, the Jews, the Illuminati, the Russians, the Communists or Santa Claus.

          Catherine

          1. I agree that it is not a small group, but networks of morally compromised and just plain psychopathic individuals. However, these people do use powerful institutions which have been around for centuries. Likewise, they too work on a pyramid structure, like corporations and militaries, so top ranking members can be identified. The symbols they have used can be seen in masonry and other institutions. They themselves have a language to identify themselves to each other as can be seen with the pedophilia groups…

          2. One of the stranger identifying symbols has become Tony Podesta type art collections. http://ibankcoin.com/zeropointnow/2016/11/26/sick-lets-revisit-the-podesta-penchant-for-pedophilic-cannibalistic-and-satanic-art/ I believe that it likely indicates you are in the human sacrifice ceremony club.

            Its Christmas, so I am going to take a break from criminal enterprise. Too much of this stuff can end up channeling demonic energies, so I would caution moderation.

          3. I wanted to add this to my last reply… I would really appreciate specifics as to what you disagree with. I actually like correction, so that if I am mistaken, I will not spend anymore time in error. Although I do not agree with all the series, the following segment does bring up some interesting points: https://m.youtube.com/watch?v=7wSEiHgu1hw

            The BIS and Vatican banks… discussed by commissioner Justin Walker:
            https://m.youtube.com/watch?v=Am1uZ3lpQdw

            Thanks.

          4. You posted a lot of videos with thousands of facts…the aggregated video time and response time would be a very significant time investment, especially if it was done to a legal standard. So do I want to spend 10-1000 hours doing so? Nope.

  2. Celente of Trends journal is in gold and silver 100%….am wondering what Catherine’s recommendation is…Governments have been staving off deflation with lots of cash. Some estimate real inflation is 10% here in the USA. With a Chinese gold based cryptocurrency in the wings, what are the scenarios Catherine can see? With such huge debt in the USA, with little visible means of payment, it appears unlikely that our leaders would go for gold backing of our dollar.

  3. I wrote extensively on this a few years back and the situation at large around HK/China/Russia and the currency developments have not changed much. Alternate currency trade arrangements continue being actively backed by swaps between the central banks, full government support with infrastructure blooming in its wake. Its classic nation building that we have long since forgotten in the wersternised economies. I’d like to hear Catherines thoughts on some of the possible scenarios in regards to large currency developments.

    Scenario 1: China and Russia with select oil partners does a direct challenge to USD that matters in scale for RMB trade bonds redeemable for gold used for energy allocation and transportation. A trade gold standard, but not a gold standard for the masses.

    Scenario 2: An escalation in trade war / sabre rattling eventually leads to a large scale abandonment of US as a long term trade partner on policy and factory level. The new found military strength in the block creates a combination of soft power / lean / bribes / to foster expanded Asian landmass and SEA centric trade increase. A fundamental problem to solve for China is the quality of software to go with otherwise strong technology. A way to achieve this could be a sudden and strong ASEAN union push rapidly going through. A common exclusion market same way the EU operates.

    Scenario 3: Direct financial confrontation. A recession forces the hand of world bankers to spring the long lurking IMF global solution into real play. China will force the US to honour its debt commitments in order to join the deal or a global solution wont take place. Treasury notes circulating abroad will be honoured at par while the USA devalues internally to release economic pressure. This allows for orderly start of an IMF agreement and full recession in the USA. The recession allows for dramatic new industry to flourish (read space based).

    As for the HK observations, the very well financed early protests about the extradition treaty was financial rather than of big importance to the populace. If you look at the dark money movements and how HK benefits from these at large, legal immunity was a “legal dove” too costly to abandon. Accidentally, the movement expanded and they lost control (thanks in part to US influence) which might lead to the reverse. China will crack down hard and then leave us be if we behave for the remainder of the agreement.

    Either way, whatever the outcome of the next financial calamity and whatever large scale social changes are waiting for us are long since planned. While not having access to this privileged information, the more obvious outcomes are:

    A space economy taken partly public to unite the global village, likely threat based, terrestrial, financial or otherwise.
    A new monetary arrangement – likely trade focused rather than individual country currencies. This will make global governance much easier as national currencies have no value abroad. A type of financial hostage situation if you want to be sovereign. Slogans like “Currencies are too important to be left to individual countries”.
    The green economy is the launch of the global points system for citizen monitoring. Remember, the best and most efficient systems are where the subjects beg for their own enslavement. Ironically, global cooling is likely to be the catalyst.

    1. Erik:

      Got it. A lot depends on the classified military information. I keep pondering why the Democrats have worked so hard to push the Russians and Chinese together. You wonder who they work for.

      1. Also quite possible the don’t know any better. 😉 – Look forward to the analysis.

        1. In my experience the people who control the people who finance them are quite capable. I am not a big proponent of the giant mistake, accident, coincidence and whoops theories of political history. Such as “We failed in Afghanistan”

          1. We are both in agreement here. In big politics / finance, there are no real accidents even though it appears that way in the exoteric world.

  4. I can’t wait to see what your thorough research turns up on the matter of timing.

    The Jim Rickards model of Complexity Theory / Bayesian Probability currently (Dec 2019) places the chance of a recession before the USA 2020 election at 30% or less. I suppose that covers a reset as well.

  5. Can you refer me to a through report on Sovereign “Negative Interest Rates”
    Once a bond price advances to a price where the next buyer will receive zero interim interest payments plus the Sovereign shall pay par at maturity—- why would there be a buyer for such paper? Or do I have the assumptions incorrect?
    Thanks
    Charles Brennan

    1. Charles:

      I am looking for a good current one. This is the McKinsey 2013 I refer to that addresses subsidy to government https://www.mckinsey.com/featured-insights/employment-and-growth/qe-and-ultra-low-interest-rates-distributional-effects-and-risks
      The reason you would keep buying is – safety, purchase mandates, including at central banks or pension funds, hedge fund speculation especially they were arbitraging into purchase mandates

      Catherine

  6. Catherine your Prayer Book is beautiful. And so hitting the mark for our times. Lots to read in between the lines, religiously inclined or not. Thank you!

  7. Hey Catherine – love your site! I think the issues with currencies revolves around the creation and now retreat of the shadow banking system (Eurodollars). The actual reserve currency of the world is offshore US Dollar creation and so looked at in one way, the US Dollar is the reserve currency. However, this system has been and remains beyond the control of the US government and its central bank.

    What has happened since the 1950’s, is banks around the world have created US Dollar liquidity by creating loans based in US Dollars which have resided in their reserve accounts. Over time, the requirement to have US Dollars on reserve to create this liquidity slowly disappeared and up through 2007, this system created the liquidity the world was demanding regardless of any US Dollar deposits in these banks. This is where the liquidity that powered the financial system originated. Unfortunately, the collateral backing these loans became weaker and weaker, until 2007, when some banks suddenly retreated from this system because of a lack of good collateral. The reward wasn’t worth the risk.

    Since 2007, the collateral situation hasn’t improved and other banks have retreated from the system creating a shortage of US Dollars in the world to repay the loans previously undertaken. The Cayman banks were the first to leave, then the European banks, then the Japanese banks and now it is the Chinese banks. This explains why global growth has nearly halted as the liquidity needed to drive growth has disappeared from the system. Central banks around the world have attempted to replace this liquidity with their QE programs, ZIRP, NIRP, etc., but increasing bank reserves is not the answer.

    The situation today is this: The current reserve currency system, Eurodollars, is shrinking resulting in a lack of liquidity worldwide. This is driving the price of US Dollars higher as demand for them in the system is very high but supply is very low. Much of the collateral in the world is weak resulting in problems in the interbank lending market (repo market) forcing banks to hoard good collateral (US debt obligations) rather than loan them in an effort to stay solvent. This situation just feeds on itself creating zombie sovereigns, corporations, pensions and individuals.

    It appears what is needed is a global monetary system reset. Debt-based currencies have seemed to run their course. This might explain the increased hoarding of good collateral (gold, energy assets) by sovereigns worldwide as they may suspect the reset is getting closer. I don’t know how or when this situation is going to resolve itself, but the handwriting is on the wall. For any interested, Jeffery Snider at Alhambra Partners continuously updates this situation.

    1. Eric:

      Very astute comments. Fits with the US dollar bear trap that I keep referring to. It is one of the reasons that Trump’s tax changes and encouragement of capital returning to North America has ruffled so many feathers.

      1. Thank you. It appears that, in aggregate, the world’s balance sheet is very weak. Much of the world’s capital has been misallocated. Without some miraculous increase in productivity akin to the industrial revolution, which isn’t on the horizon as far as I can see, the world’s capital will have to retrench.

        Although the central banking system has attempted to save itself, the underlying economic system can no longer generate a positive return forcing it to shrink. This is always the result of poor capital allocation, or in this case, too much money chasing too few opportunities. We are at the end of this credit cycle.

        Hopefully, we will see a transition to a more stable system. If the sovereigns decide to return to issuing currency from their treasuries, rather than continuing the debt-based central banking model, the world’s economic system could find a more stable basis for growth. Unfortunately, this transition, should it occur, will not likely produce good short term conditions for many, but longer term would be a positive for everyone.

        I think much of the political battle we see today is based on this situation. Vested interests in the current system are resisting this change, apparently in the hopes of creating a larger, more centralized version. Other interests apparently don’t see things this way and are attempting to extract themselves from the current system. I think, in the end, the market will decide where we are headed.

        Thanks for all your contributions, they do not go unnoticed. We do need a more human-based system and I’m sure we will get there. Keep up the good fight!

        1. Very good question – why such an extraordinary and intentional misallocation of capital.

  8. Since you asked for questions, Catherine, we’ve heard people telling us for many years now that the dollar will be collapsing, but it still hasn’t happened.

    So with this in mind:

    1) Do the people running the show have such expertise that they can continue doing the kinds of things that they’ve been doing to the dollar, and still be completely safe from risking any major collapse in its value?

    2) Could there be any value to these same people in intentionally causing a major collapse in the value of the dollar?

      1. Living in Hong Kong, it’s the sesame credit that worries me. Next year it will become mandatory in China, and it is only a matter of time before this kind of total control extends to us. It is being made possible by the technology and digitization of everything. Some friends say how safe they feel nowadays when they travel in China because criminals there will get caught in no time, but it is a double edged sword. Mr. Global really is global.

        1. Yes, indeed. I am reminded that I should look more carefully at sesame credit.

          I believe that part of the battle raging in Hong Kong reflects a currency war. With the PRC creating global capacity to trade the CNY in numerous global capitals, its dependency on Hong Kong for global liquidity diminishes. Why not convert Hong Kong from the Hong Kong dollar and dollar peg?

          Curious to know what you think.

          1. I believe a currency war has been raging for some time now, as can be seen by the bilateral agreements between countries moving away from the dollar. For the time being I think most Hong Kongers would prefer the peg to remain if only for stability’s sake. But the HKD will lose relevance as the RMB becomes more dominant given time, and the peg along with it. Yet HK is a proxy battleground isn’t it, in more than the currency front? We are a chess piece caught in a terrible cross fire. Having lived here more than 30 years I’ve never felt so disheartened as I do today.

            But then again much of the world is so sick with nary a healthy patch. The news coming out of China with its bank defaults look pretty ugly in itself; and I was just joking with a friend the first of many black swans seems to have crashed landed next door in India…we have to gird our loins for 2020.
            https://defence.pk/pdf/threads/bank-collapse-in-india-2-trillion-dollar-debt-bank-runs-economic-collapse-stock-market-crash.644629/

  10. this subject is out of my league.

    1. what is the most important factor in a currency?
    – a means of exchange
    – stored value.
    I do not worry so much about a strong or weak dollar as it seems there are pros and cons for each position depending on your vantage point. the system stabilizes over time.
    2. when i look at the big picture it seems the usa needs to ensure that there are buyers for the usg bonds. so, where is the analysis on who buys the bonds?
    3. so the 14 amendment states:
    The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
    this relates to the putin question. I think he is just engaging in a disruptive smear of the dollar because he would like to weaken the system that he can not control.
    what factor in the western economic system is most at risk due to alliance among russia china and iran?
    4. is the plunge protection team anyway related to the missing money, even in an indirect fashion?

    sorry if these issues have already been addressed i have not had time to read all the solari reports.

    best wishes, laura

  11. Maybe the much anticipated reset will finally arrive next year. Middelkoop has been talking about the big one for years, and it looks like its time has come. The can has run out of road.

  12. Should we short the dollar? If so, against what currency? What about foreign bonds? I am guessing Russia is a likely beneficiary of the falling dollar. What about stocking up on tangible items that will be going up in price? Crypto will soar, but when everyone is in who is getting in, surely the cryptocracy will pull the rug out from under everyone. Manfred Zimmel has been predicting off the charts US inflation. He likes various commodities, including gold and silver. He predicts the greatest wealth destruction in human history. Making money is out, he say. Preserving a portion of one’s wealth is the only rational goal. Surely such economic disaster will mean another artificially constructed world war.

    1. Christopher:

      I am researching now. Putin’s comment represents an opinion that the dollar is weaker than I think it is. So I am revisiting my analysis to see if a more rapid decline will happen in 2020. Still thinking about it.

      Currency debasement is currently significant in most places – so stick with what is real. There are not magic bullets. If there is no law, than nothing has any value other than what you can secure.

  13. The recent spate of news about how China now wants to introduce its own crypto-yuan, and other central banks doing the same is an indication of where this is going. These will be centralized currencies that the general public will flock to, because they appear safer than the decentralized ones. Central bank digital currencies CBDCs will be what 2020 will bring I guess.

    1. A central bank crypto backed by gold, including one issued by a brics consortium will attract a lot of money. Making it transactionally reliable for major liquidity will take time.

      1. But I wonder if they need to back its digital money with gold; I make the distinction between digital and crypto because after all around 97% of the money supply is already digital isn’t it? It really isn’t that much of a leap if they made everything digital. Personally I don’t look forward to that, as the total control inherent in such a monetary system is horrifying.

  14. I suspect that another 9-11 would be too suspicious. Before a new digital currency can be introduced, the general public will have to be primed by a convenient war, a “natural” cataclysm of some sort, or a Hollywood-assisted alien invasion. A digital dollar replacement will be the convenient solution to the “unexpected” monetary crisis.

    1. One of the things I am considering is how a digital dollar replacement is rolled out when there is this much infighting.

    2. The national news is ignoring the local reports both in the US and abroad of pervasive crop failures. Beet, wheat and corn in particular. Beef prices will fall as ranchers send cattle to slaughter before they are fully mature due to feed shortages. But that only sets the stage for higher beef prices several months to a year from now. If the grand solar minimum has not started (some argue we have another solar cycle to go before it begins), then we are still in a down trend, setting lower lows and lower highs as, due to the waning magnetosphere, the jet streams are meandering our of their customary channels. So, watch for sharp increases in food prices during the months to come. That may provide the natural cataclysm.

      1. Yes, I’ve been following Yanasa Ama Ranch’s reports on YouTube (all demonetized, probably for not meeting “community” standards)

      2. The corporate channels are underreporting. But then, they are not news are they? 🙂

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