Economy
Related: About this forumGreg Hunter Interviews Catherine Austin Fitts, Major Turning Point Comes This Fall
Published on May 5, 2015
Even though financial expert Catherine Austin Fitts thinks the chance of total collapse is relatively small shes not discounting the chance of a major move this fall. Fitts contends, I think this fall is going to be a major turning point. You see the SDR (Special Drawing Rights) system coming to a head. The U.S. budget is going to be a very difficult debate. You see the push to get the Trans-Pacific Partnership (TPP) and the EU deal done. You have a lot of institutional relationships that needed to be restructured in the last couple of years. Those changes are all coming to a head, and so we are going to get a big shift. If you are managing a big bond fund, you got a big problem. . . . There is going to be a turn in the bond market or a plateau, and thats going to be uncomfortable for those guys, and we are going to see some messy times.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Catherine Austin Fitts, founder of Solari.com
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She touches on debt entrapment, Col. Wilkerson, Snowden, drive to privatize giant monopolies, control through spying and profiting off of failure for profit, Snowden/Putin, BRICS, status quo coming up as part of 2016 election, US budget, TPP, EU deal, bond market, all coming to a head.
Last year she described our economy as "the slow burn"...best description I've heard.
KoKo
(84,711 posts)mother earth
(6,002 posts)matter how much gold you've invested in. The other thing about her is that she tends to downplay while some are screaming bloody murder. Her assessment of the economy as a "slow burn" is something that resonated with me way back when I first heard it, it remains true and the best description I've ever heard.
I also don't think anyone benefits from collapse, BUT if there were to be one it could seemingly be due to implosion of out of control issues & it is not like there's a shortage of those. In fact, one is left wondering why the total barrage of slams against the working class? For one, it is a wealth creator & garage sale /land grab for the "job creators" (LOL), austerity for the oligarchs, beyond that it is simply dangerous greed and feeding a drive to arm the peasants with pitchforks.
Talk about lipstick on a pig, who is being served? Pigs at the trough may bring a day of reckoning.
MrMickeysMom
(20,453 posts)But, a strange thing about the kind of war based economy that we've had all this time is that eventually, relentless force, even military force can be knocked over like a feather, if we are TRULY fed up and STAND up on a global scale.
Does this seem too far fetched an outcome? I believe we will know a HELL of a lot more, come the end of this year.
mother earth
(6,002 posts)MrMickeysMom
(20,453 posts)Wouldn't he make a good secretary of treasury under Sanders?