| Coming Clean Beyond the Fiscal Cliff - This article was written in hopes that more citizens will be encouraged to consider how federal finances flow through the immediate world around us. Learn more... | ||
| The Building Wealth Collection offers (5) essential interviews and commentaries from The Solari Report archive selected to provide you with the information you need to empower you to build equity in all areas of your life. Learn more... | ||
| The Solari Report is a live, weekly briefing hosted by Catherine Austin Fitts and guests which takes place Thursday evenings at 9:00pm US Eastern time. Learn more... | ||
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As we look over the fiscal cliff into our financial abyss, now is a good time to “Come Clean” about the real state of our lives, our communities, and our economy, starting with the U.S. federal finances that flow deeply and intimately throughout every aspect of our lives.
This Solari Special Report includes (22) challenges we must address to put our federal fiscal house in order.
With QE3, we are essentially being bought out with our own money…and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation.
– Catherine Austin Fitts
Money Has to Serve, Not to Rule – Pope
Times of Malta | 16 May 2013
Pope Francis issued a strong call for world financial reform on Thursday…
Arizona Governor Vetoes Bill Making Gold, Silver Legal Tender
Global Post | 15 May 2013
Arizona Governor Jan Brewer vetoed a measure on Thursday…
Modern Day Gold Mining
YouTube | 13 January 2011
Poppy Harlow looks into one of the biggest gold mines in the U.S…
John McAfee’s Belize Home Burns to the Ground
The Telegraph | 20 May 2013
Pictures broadcast by 7 News Belize showed the two main wooden structures…
‘Monsanto Protection Act’ Repeal Effort Officially Backed By Sen. Jeff Merkley
The Huffington Post | 20 May 2013
Sen. Jeff Merkley (D-Ore.) confirmed on Sunday that he is proposing an amendment…
Reject President Obama’s Nomination of Thomas Wheeler to Head the FCC
Change.org
A petition to reject the nomination of Thomas Wheeler, signed by Catherine Austin Fitts and recommended by Blake Levit…
Scientists Make World’s Smallest Stop-Motion Film
R&D | 02 May 2013
Scientists from IBM this week unveiled the world’s smallest movie…
Psychiatry Goes Insane: Every Human Emotion Now Classified as a Mental Disorder in New Psychiatric Manual DSM-5
Natural News | 13 December 2012
The industry of modern psychiatry has officially gone insane…
Teen Births Plummet to Record Low
Today | 11 February 2012
Teenage birth rates fell 8 percent in a single year…
Forty Five Minutes of Twister Terror That Left 91 Dead
The Daily Mail | 20 May 2013
Seven children found drowned in school and officials fear 24 more have perished after giant two-mile wide tornado pulverises Oklahoma…
The Wonders of the Animal Kingdom Captured in Stunning Entries for National Geographic’s 2013 Traveler Photo Contest
The Daily Mail | 17 May 2013
Every year National Geographic asks the world’s adventurers to enter their epic photographs…
New Energy Era Forum 2012 – Chris Sanders
Daily Motion | 19 May 2013
Chris Sanders (Sanders Research Associates LTD) – Financial Implications For The New Energy Era
Lower Energy and Food Costs Fuel Big Drop in Wholesale Prices
Los Angeles Times | 15 May 2013
Big drops in the cost of food and energy pushed wholesale prices down 0.7% in April…
U.S. Oil Production to Shock Global Energy Markets: IEA Report
Yahoo! Finance | 14 May 2013
The boom in North American energy (primarily related to shale in the US and oil sands in Canada) is one of the biggest stories in the global economy…
Chinese Creating New Auto Niche Within Detroit
The New York Times | 12 May 2013
Dozens of companies from China are putting down roots in Detroit…
Regulations and Enforcement High on List of In-House Counsel Woes
Compliance Week | 10 May 2013
An unstable economy and the growing volume of global regulations are the biggest business threats…
U.S. Posts Widest Monthly Surplus Since 2008 on Revenue
Bloomberg | 10 May 2013
The U.S. posted its widest budget surplus in five years in April as an improving economy swelled tax revenue…
IPOs Set to Raise Most Cash Since Crisis
The Wall Street Journal | 12 May 2013
U.S. companies are on track to raise the most money through initial public offerings since before the financial crisis…
CFTC Launches Broad Investigation of Energy and Metals Derivatives
Gold Antitrust Action Committee | 14 May 2013
A top US financial regulator has launched a broad inquiry into the legitimacy of more than 1 million…
Gangster State America — Paul Craig Roberts
Paul Craig Roberts | 13 May 2013
There are many signs of gangster state America…
Gold Bears Pull $20.8 Billion as BlackRock Says Buy: Commodities
Bloomberg | 13 May 2013
Hedge funds increased bets on lower gold prices after investors pulled a record…
AICPA Conflict Minerals Resources
AICPA
Among the provisions of the Dodd-Frank Act are mandated disclosure rules…
Jumbo Loans, All Cash Investors, and Slow Population Growth: The Gentrification of Southern California.
Dr. Housing Bubble | 15 May 2013
Only in Southern California will you have someone moan about making six-figures…
California Attorney General Sues J.P. Morgan Over Alleged ‘Fraudulent and Unlawful Debt-Collection Practices’
Fox Business | 09 May 2013
California Attorney General Kamala Harris sued J.P.Morgan Chase & Co…
Elizabeth Warren Confronts Eric Holder, Ben Bernanke And Mary Jo White On Too-Big-To-Jail
Zero Hedge | 16 May 2013
Elizabeth Warren is one of the few Senators out there pushing to understand why the federal government has created…
Australian Activist Defeats Spy Cameras In Landmark Case
Infowars | 09 May 2013
Freedom Strikes Back Down Under – CCTV breaks Australian privacy law, cameras switched off…
What No One Wants to Hear About Benghazi
The Daily Bell | 13 May 2013
Congressional hearings, White House damage control, endless op-eds, accusations and defensive denials…
Top Secret America: 9/11 to the Boston Bombings’
Information Clearing House | 06 June 2012
Pulitzer Prize-winning reporter Dana Priest traces the journey from 9/11 to the Marathon bombings…
Russia Expels American on Spy Allegations
The Wall Street Journal | 14 May 2013
Russian authorities expelled an American they accused of being a Central Intelligence Agency officer…
“Senator Blunt Calls For Removal Of Acting IRS Chief Steven Miller”
Greta Wire | 14 May 2013
Reports Surface That Miller Knew About IRS Targeting Last Year, Misled Congress…
Feds Demand 3D Printed Gun Blueprints Removed From Internet
SFGate | 09 May 2013
The State Department has ordered ultra-libertarian group Defense Distributed…
Explaining Big Data
YouTube | 16 June 2012
Big Data is the next big thing in computing…
ESA Satellite to Map and Quantify Biomass in World’s Forests
Gizmag | 09 May 2013
Kicking off with the Gravity field and steady-state Ocean Circulation Explorer (GOCE)…
3-D Print Your Own Parts, Gadgets, Toys, Guns and More
Komando | 11 May 2013
Q. What is 3-D printing, Kim? I keep hearing bits and pieces about it in the news…
Celeb Bono Partners with Monsanto, G8, to Biowreck Africa
Green Med Info | 01 June 2012
At the G8 Summit held two weeks ago at Camp David…
Why Are Birthrates Falling Around the World? Blame Television.
The Washington Post | 13 May 2013
“I find it extraordinary that the massive global drop in human fertility has been so little noticed by the media”
Why You Should Avoid McDonalds
YouTube | 01 May 2013
Hamburger still looks fine after 14 years…
San Onofre Edison…
West Coast Radiation Crisis – Part 1
Rense | 23 April 2013
Beached in front of the San Onofre nuclear power plant, the carcass of a California sea lion was remarkable…
Dove Real Beauty Sketches
YouTube | 14 April 2013
And don’t forget: YOU are more beautiful than you think!
Defense Against the Psychopath (Full Length)
YouTube | 10 January 2013
Defense Against the Psychopath is a documentary excerpted from chapter one of my book…
Judge Orders Conspiracy Re-Education For Lauryn Hill
YouTube | 08 May 2013
Grammy award-winning singer Lauryn Hill has been ordered by a judge…
WHO in Boston: Bombing Story Mysteries
Who What Why | 14 May 2013
Most of the national and international media have left Boston…
Karen Vaugn, Mother of Seal Team 6 Member Who Was Shot Down
YouTube | 10 May 2013
Karen Vaughn speaks about her son who was on a mission when he was shot down…
X-Class Foreplay?
Urban Survival | 14 May 2013
Say, not to go sounding like “I told you so…” since we haven’t had the Big Quake…span style=”font-size: 14px;”
Currencies – Wild Volatility In More Than The Yen
The Canadian Technician | 10 May 2013
This chart of the currencies that make up the $USD has been shown before…
Economists: Fed Will Taper Bond Purchases This Year
The Wall Street Journal | 10 May 2013
More than half of the 49 economists who participated in the latest Wall Street Journal forecasting survey believe…
Bill Gross: Bull Market in Bonds Is Over
The Wall Street Journal | 10 May 2013
Bill Gross said the three-decade bull run in bonds ended last week…
Argentina’s Deadbeat Special: Buy a 4% Bond or Go to Jail
Bloomberg | 10 May 2013
President Cristina Fernandez de Kirchner wants tax evaders…
As Stocks Rise, Frustrated Investors Vent About Ben Bernanke
Yahoo! Finance | 10 May 2013
Earlier this week, a bunch of high-profile investors presented ideas at the Ira Sohn Investment Conference…
ROSENBERG: The Fed Is Trying Like Crazy, But Nothing It’s Doing Can Save The Economy
Business Insider | 05 May 2013
David Rosenberg, the veteran Wall Street economist and bearish strategist at Gluskin Sheff…
Chinese Gold Imports Soar To Monthly Record On Insatiable Demand
Zero Hedge | 06 May 2013
In what must be an inexplicable move to momentum-chasers everywhere…
World Bank Whistle-blower: “Precious Metals To Serve As An Underpinning For Paper Currencies”
Bull Market Thinking | 06 May 2013
I had the opportunity yesterday to speak with one of the western world’s most courageous and astute women…
Florida HB 87, Homeowners, and the Foreclosure Inferno
The Agonist | 10 May 2013
A bill passed last week by the Florida legislature offers efficiencies…
2 Big Banks Face Suits in Mortgage Pact Abuses
Dealbook | 06 May 2013
New York’s top prosecutor plans to sue two mortgage titans…
-Roar Hagen, Graham Chapman & Terje Tvedt, Water, Geopolitics and Collective Power in the New World Order
By Catherine Austin Fitts
This week on The Solari Report I will be speaking to Terje Tvedt. I could not be more delighted that Tvedt has agreed to join us.
The power and importance of water to the question of how we govern our resources – whether in a community or globally – and how we achieve cooperation and peace, as Tvedt says, “can hardly be exaggerated.” Tvedt should know – he has spent a lifetime studying the social and political dynamics of water.
Terje Tvedt is presently professor at the Department of Geography, University of Bergen, and Professor in Global History, University of Oslo, Norway, as well as a professor in political science and development studies. He is the author of a wide range of books about water and water bodies, has written/co-directed documentary films and been the leader of a number of national and international research networks and research projects on these topics. His newest book, A Journey in the Future of Water, is expected this year.
In Let’s Go to the Movies, I will review Even the Rain, a Spanish film directed by Icíar Bollaín about a director and producer who travel to Bolivia to make a film about Christopher Columbus and instead are swept away by the 2000 Cochabamba protests. The protests reversed the privatization of the local water company with foreign investors and produced the Cochabamba Declaration. The experience of Cochabamba is a counterpoint to privatization supporters who believe that optimizing water investment and allocation requires corporate ownership and management. These strategic issues are critical to the efforts to centralize seed and agriculture that we discuss on The Solari Report.
I will start with Money & Markets and Ask Catherine, including the extraordinary shifts we are experiencing in G-7 policies re-engineering capital flows. We will record our interview with Tvedt on Wednesday – so post your questions on the blog for the interview by Tuesday pm.
Talk to you Thursday!
Related Reading:
The Water Channel
Terje Tvedt’s Website
Terje Tvedt’s Books
Related Documentaries:
By Catherine Austin Fitts
There are no scandals in Washington. There is simply a turnover. We are preparing for an escalation of the global financial war. The old team are simply being told to step aside. Make way for the killers.
When G-7 concluded their emerging meeting in London last weekend, they announced that they were going to target tax havens. What does this mean? After months of G-7 central banks buying mortgage bonds and equities, the hunt for capital is on. Off course, we knew the tax havens were in the crosshairs all ready – only intelligence agencies can dump out the kind of leaks we have been seeing over the last month leading up to the G-7 meeting.
However, the seriousness of the capital moves underway were underscored by the swiftness with which a “scandal” was trumped up and ready to go at the IRS with headlines on Monday morning, the leadership was out on Wednesday, and a new acting from OMB in at the IRS on Thursday. Wonder who the new Commissioner will be? That is being sorted out now. It will be someone masterful at legal warfare – “lawfare.”
A serious attack on the offshore havens, sufficient to direct $20-30 trillion in the direction that the G-7 wish it to go will also require the right kind of leadership at DOJ. Yes, Holder is certainly willing to play ball – he has done a perfectly adequate job supplying guns to the Mexican drug cartels and beating up on the Swiss. However, someone with international experience who is a lot meaner and trusted in certain Congressional quarters is preferred. After all, asserting jurisdiction over $32 trillion is one amazing squabble.
Remember, whatever equity markets get that capital will have their P/E’s head up, which means they can go buy up everyone whose stock is trading in the markets that don’t get the capital. Backed by the capital accessed through the financial coup d’etat, think of the acquisition binge that is coming.
And of course, there will be more taxes to keep government operations and corporate profits rolling. And the central banks will get some relief. The ballooning of their balance sheets has become more than uncomfortable.
So expect the drums to pound on about AP Reporters and various trumped up malfeasance until Holder is out. Holder has targeted others in this way for Mr. Global. Now it is his turn to head into the dog house.
We could see the seriousness of the new capital drive – both in what rolled out this week in Washington and the speed at which it rolled out. There is far more underway than just the targeting of tax havens.
Time Magazine published a trial balloon saying that the federal government will require mandatory retirement accounts. If true, this is surely good for billions more into the securities markets over the next decade (More Here). I would say trillions, but the middle class and small businesses that will fund it are already going to be squeezed trying to fund Obamacare.
Then the House passed a bill requiring the SEC to promulgate the regulations for the JOBs Act by October 31st. Mark my word, crowdfunding envisioned by the JOBs Act will be designed to kickstart a new bull in the US equity markets, just like first time homebuyers kickstart the housing market. No doubt, lots of entreprenuers funded with crowdfunding may pay off their student loans and buy their first home as well (More Here).
Then Google announced we could all e-mail money from your Google wallet by simply clicking the dollar sign in our gmail. (More Here) Imagine what this functionality could do for crowdfunding portals. Add entrainment technology, and the estimate of $3 billion in crowdfunding flows in the first year (More Here) will be way too conservative.
If a serious attack on the tax havens is in the works, the moves of capital will be unprecedented. The question of global uninsured deposits could be an ongoing drama – perhaps explaining the enormous shifts of precious metals out of the ETFs and the improvement in the real estate markets. Someone is looking to get out of insecure bank deposits and into tangibles. However, imagine what could happen if numerous jurisdictions are forced to sell their precious metals the way that Cyprus was. We are now in a world where all asset classes can take turns in the dog house – and they can do so at lightening speed with little warning.
The G-7 is extending and tightening up their jurisdiction. They are planning very significant shifts. This is BIG.
Let’s see what unfolds this coming week. As I did last week, I will focus on these events in Money & Markets on Thursday’s Solari Report.
Related Reading:
By Anthony Gucciardi
Hungary has taken a bold stand against biotech and genetic modification by destroying 1000 acres of maize found to have been grown with genetically modified seeds, according to Hungary deputy state secretary of the Ministry of Rural Development Lajos Bognar. Unlike many European Union countries, Hungary is a nation where genetically modified (GM) seeds are banned. In a similar stance against GM ingredients, Peru has also passed a 10 year ban on GM foods.
By Dark Journalist
Join Dark Journalist for a penetrating interview with financial and political expert Catherine Austin Fitts. Listen to interesting topics like the financial coup, black budget, corporate media manipulation and the ‘Breakaway Civilization.’
By Will Shanklin
Gmail lets you send all kinds of files as attachments. And Google Wallet lets you pay for just about anything. Why not combine the two? That could have been the thinking by someone at Google, as the search giant is set to launch a payment system that’s the love child of Gmail and Google Wallet.
By Catherine Austin Fitts
One of the advantages of serving as Assistant Secretary of Housing – Federal Housing Commissioner was that I got to meet hundreds of exceptional experts in the world of housing and real estate. After leaving that position, I chose the one I considered the smartest and most experienced about both real estate and value creation throughout an entire community. I asked her what was the single most important variable that contributed to the success of a place. Without a second’s hesitation, she looked me straight in the eye and said one word – “water.”
Having clean water is essential for life and health. I live in a farming community and have the benefit of my own well and a whole house filter. As I travel, I experience a wide variation in the availability and quality of water. I see the impact that excellence in water quality has on people’s health and economic vitality.
Bottom line: if you want a happy home and vibrant health, you need to make sure your water is excellent.
This week on the Solari Report I will be speaking to Dan Hillard, Director of Marketing since 2002 at LifeSource Water Systems about how to ensure that your household water is of the highest quality. Based in Pasadena, California, LifeSource is a family business that has been developing water systems for residential, commercial, and industrial application since 1984.
In Let’s Go to the Movies, I will review Water – The Great Mystery, a 2008 documentary that explores the unique properties of water and explores recent theories and research seeking to improve our understanding and appreciation of water.
I will start with Money & Markets and Ask Catherine, so post your question at the blog.
Talk to you Thursday!
By Kristen Linton
The lights dimmed, the band entered, Rodriguez took the stage. He hadn’t said a word or strummed a note, but the crowd was already standing. Audience members competing for his attention shouted, “We love you, Rodriguez” “We love you more!” The moment he opened his mouth to sing “Climb Up On My Music”, the congregation was stilled, they took their seats, and paid close attention. Rodriguez had something to say, and we needed to listen.
I didn’t know anything about Sixto Rodriguez until a few months ago when I saw the Academy Award winning documentary,Searching for Sugar Man. I don’t think many people at the Ryman Auditorium on Monday night knew much about Sixto Rodriquez until that film illuminated his talent either. So there we were, just a couple hundred of Sixto’s newest fans, hanging out at one of the most famous music venues in the United States, experiencing this once hidden legend in action.
Rodriguez’s journey to fame really is the stuff of legends, and if you are into that kind of thing, you should watch the film and get to know Rodriguez’s story. You won’t be disappointed to have spent the time.
But if you want to experience the result of his incredible journey, you must go see him live. It’s a concert experience like none I have had before. There are no strobe lights, no smoke machines, no backup dancers, no gimmicks—just a man, his guitar, and his stories.
Be warned: his voice is not a pretty one. It’s filled with grit and pain, and truth. And while not every note is sung in tune, it is refreshing just to hear a real human voice, unproduced and exposed. It’s the only way to sing the stories that he sings. It’s raw and it’s real.
Rodriguez shared his stories for 80 minutes and 25 songs. As the encore came to a close he put his fist in the air and said, “Thank you. Power to the people.” Once again, the congregation was stilled. I scanned the audience who were all in agreement, fists in the air confirming, “Power to the people.”
Related Reading:
Sixto Rodriguez Wikipedia Page
The Official Rodriguez Website
The Ryman Auditorium
By Tania Rabesandratana
The European Commission is reforming the European Union’s plant and animal health legislation in a bid to enhance food safety across the bloc. But critics say that the measures, proposed on Monday, threaten seed diversity and favor large agrochemical businesses.
Related Reading:
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