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“Yet it must also be recognized that nuclear energy, biotechnology, information technology; knowledge of our DNA, and many other abilities, which we have acquired, have…given those with the knowledge, and especially the economic resources to use them, an impressive dominance over the whole of humanity and the entire world….In whose hands does all this power lie, or will it eventually end up? It is risky for a small part of humanity to have it.” (p.77)
~ Pope Francis
By Catherine Austin Fitts
A Papal Encyclical is a letter concerning Catholic doctrine which is circulated by the Pope. This week, Pope Francis published a new Encyclical: Laudato Si’ of the Holy Father Francis – Care for Our Common Home.
The 180+ page document sounds the alarm regarding the global degradation of living things: people, animals and our environment.
If this document had been authored by a professor of theology, there would be much room for common ground. However, it has been written by the leader of an institution which has been the single most powerful in the Western world for the last 500 years – a period during which the central banking-warfare model has been busy harvesting our common home.(more...)
Gulf States Reach $18.7B Settlement with BP Over Oil Spill
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Greek Banks Considering 30% Haircut On Deposits Over €8,000: FT
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Lidl has Received Almost $1Bn in Public Development Funding
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Loan funding from a little-known wing of the World …
China Is Forging an Industrial Giant Second Only to GE
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Companies from China… participated in 348 overseas rail projects and exported…
Factory Orders Scream Recession: Annual Drop Biggest Since 2008
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Factory orders has now missed 10 of…
June had more IPOs than any month since August 2000
Times of India | 02 July 2015
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OCC Derivatives Report Suggests U.S. Govt. has Seized All Commodity Markets
GATA | 30 June 2015
Ceased distinguishing gold derivatives from…
Shanghai Gold Exchange 54.2 Tonnes of Bullion Withdrawn – Total More Than All Official Gold of US
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Out of the Shanghai Exchange into…
Shanghai Gold Exchange in Talks to List Products on CME to Launch a Yuan-denominated Gold Fix to Boost
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Opening its own markets to…
Chinese Gold Standard Could Create ‘Fireworks’ – Bloomberg Intelligence
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World’s longest running currency be used to create a new…
China Plans to Launch Yuan Gold Fix by End of This Year
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LBMA to Start Reporting OTC Gold Trade Soon; Exchange Model Seen Costly
GATA | 25 June 2015
Complaints of lack of transparency in…
Housing Forecast: What To Expect In The Second Half of 2015
Quartz | 22 June 2015
Buying into the American Dream is fairly…
TPP ‘Cold War Taking Place by Proxy’
Otago Daily Times | 29 June 2015
What they’re trying to do is create a new…
72 Types Of Americans That Are Considered “Potential Terrorists” In Official Government Documents
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If you answered yes to any of those questions, you are a…
Civil Forfeiture Now Requires A Criminal Conviction In Montana And New Mexico
Forbes | 02 July 2015
Vital to restore due process and protect…
Trade in Services Agreement – Press release
Wikileaks | 02 July 2015
Tie the hands of future governments to…
Opinion: This Supreme Court Case Will Decide the Fate of Unions in the U.S.
MarketWatch | 02 July 2015
Public-sector workers will be able to…
TSA Tweets Photo of Passenger’s $75K Cash, Drawing Outrage
NY Daily News | 02 July 2015
“Since when does the TSA publicly advertise the private”…
Russian cargo ship heads to space station, breaking string of failures
Yahoo | 03 July 2015
Cargo ship, and the planned launch of a…
Government Trolls Are Using “Psychology-Based Influence Techniques” On YouTube, Facebook And Twitter
ZeroHedge | 02 July 2015
Proof that paid government trolls are using…
Office of Personnel Management Data Hack
Scheier On Security | 01 July 2015
Possibility of the attackers manipulating…
YouTube | 11 June 2015
By printing with 6-axis industrial…
Oklahoma Says Fracking Companies Can Be Sued Over Earthquakes
RT | 02 July 2015
US Geological Survey found that…
Catherine’s Latest Donation
“Mother of All Monsanto Protection Acts” Fundraiser Deadline July 7
Organic Consumers Association | July 2015
Food producers won’t be allowed to tell you their products are GMO-free…
Organic pioneer Amy’s to unveil ‘clean’ fast food concept in California
Natural News | 03 July 2015
Simply sourcing high-quality ingredients from…
Leaked TPP document shows US favoring Big Pharma
RT | 01 July 2015
Protect their profits from competition by generic…
3rd “Alternative” Prominent Doctor From Florida Found Dead in 2 Weeks
Health Nut News | 01 July 2015
Three doctors in less than…
In Effect Today in Florida and Tennessee: Right to Try Laws Take on Some FDA Restrictions
Tenth Amendment Center| 01 July 2015
Model demonstrating how to nullify…
Mandatory Vaccination: California Is Ordering Genetic Alteration
Jon Rappoport’s Blog | 30 June 2015
Changes in the biochemical on-off switches that determine…
The Case for Reparations: Until We Reckon With Our Compounding Moral Debts, America Will Never Be Whole.
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By our unpaid labor and suffering, we have…
Homeless Florida ‘Piano Man’ Crowdfund Raises Thousands in Just 1 day (VIDEO)
RT | 04 July 2015
Volunteered to help him by launching a GoFundMe campaign, which…
“I think America is out of hand”: The Shocking Numbers that Reveal Just How Burnt Out American Workers Are
Salon | 29 June 2015
Competitive in the sense that anyone in…
Alibaba’s Jack Ma Buys $23 Million Property in New York’s Adirondacks
WSJ | 24 June 2015
Bought principally for…
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Whole lot of bikers in…
EXCLUSIVE: MOD to Release UK’s Top Secret UFO ‘X-Files’ that ‘Could Prove Aliens Exist’
Express | 02 July 2015
Publicly available within eight…
YouTube | 25 June 2015
Behind the Jade Helm 15 exercise…
Blythe Masters Quick Off the Block With Startup Buys
WSJ Moneybeat | 25 June 2015
Hyperledger has some very novel thinking about how to apply…
Renewables to Beat Fossil Fuels With $3.7 Trillion Solar Boom
Bloomberg | 23 June 2015
Developing economies will have spent…
Janet Yellen: We are Committed to Working With You
Federal Reserve | 22 June 2015
Alleged disclosure of information about…
Small Loans, Big Problems: The False Promise of Microfinance
Local Futures | 17 June 2015
This is propaganda, pure and simple: it is part of a…
Show Us What Your Local Economy Looks Like!
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International Society for Ecology and ….
China’s Silk Road Fund Eyes Listings among Exit Strategies: CEO
Reuters | 27 June 2015
First acquisition in…
An Inconvenient Truth : The HUI:Gold Ratio
Rambus Chartology | 21 June 2015
Best way to gauge this complete evisceration…
The Mysterious “Massive” Seller Who Flash Crashed Gold In 2014 Has Finally Been Revealed
ZeroHedge | 19 June 2015
With “disruptive and rapid price movement…
Russia Will Hold Key Positions In China-Led Asian Infrastructure Investment Bank
International Business Times | 27 June 2015
Asia will need $8.22 trillion…
Obama: Rockefeller’s Man in the White House Close to Total Victory
Jon Rappoport’s Blog | 27 June 2015
What mainstream reporters didn’t disclose and will never…
Euro Zone Readies for Greek Default after Tsipras Referendum Call
Yahoo | 27 June 2015
18 pledged to do whatever it takes to…
Vatican Signs Treaty with “State of Palestine”
Associated Press | 26 June 2015
Called the treaty itself one-sided, saying the text ignored…
How to Talk About Obamacare
Undernews | 26 June 2015
Not as much about affordable care as it is…
Freedom of the press (Revised): FBI’s Response to Inquiry by Online Journalist
Undernews | 26 June 2015
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Nasa’s Dawn Mission: Ceres Shows Off a Mountain in Addition to 8 Bright Spots
International Business Times | 24 June 2015
Puzzle scientists throwing more mysteries…
China Puts $6 Trillion Price Tag on Its Climate Plan
Reuters | 23 June 2015
Three-day Strategic and Economic Dialogue forum in…
7 Apps to Teach Your Kids Personal Finance Skills
US News | 23 June 2015
Getting the parents to open up this topic in…
The US Military is Developing Star Wars-style Hoverbikes
Engadget | 22 June 2015
Replace some of the work a helicopter does with…
Construction of Giant Telescope Pushes on Despite Protests
Space | 22 June 2015
Online in Chile at about the same…
TV2 Denmark Documentary on HPV Vaccine Shows Lives of Young Women Ruined (Video)
Vaccine Impact | 29 April 2015
No mainstream media network in the United States will dare…
The Absurd Trial of a Russian Farmer Who Invented His Own Inflation-proof Currency
Quartz | 17 June 2015
“I can tell you in potatoes exactly”…
Lloyd’s Report Highlights Vulnerability of Global Food System
Lloyds | 16 June 2015
Role to play in improving the resilience of…
The Polio Vaccine: A Global Scourge Still Threatening Humanity by Richard Gale and Dr. Gary Null
Global Research | 19 June 2015
Pharmaceutical science is largely a story of…
DARK Days Ahead? (Mother of all Monsanto Protection Acts)
Organic Consumers | 18 June 2015
Wipe out all state and local…(H.R. 1599, the Safe and Accurate Food Labeling Act)
A National Framework for the Review and Labeling of Biotechnology in Food
Energy & Commerce Committee | 18 June 2015
Background Documents and Information…
The Planetary Parasite
Progressive Talk | 10 June 2015
That this division exists and each and every one of us can…
A World Without Work
The Atlantic | 22 June 2015
National metaphor for the decline of…
Courts Rule that Disabled Woman Living Below the Poverty Line Must Repay Student Loans
Yahoo Finance | 22 June 2015
Unlike credit card debt…
Crashed Star Wars Ships by Nicolas Amiard
Faith Is Torment | 20 June 2015
Amiard is able to make them…
Now It’s a Missing Malaysian Tanker That Has Disappeared
Giza Death Star | 23 June 2015
Exotic technological causes, as…
Body of Missing Ex-White House Chef Found in New Mexico Mountains
NY Daily News | 22 June 2015
Cooked for Presidents…
The Bankster Suicides
Corbett Report | 03 June 2015
The JP Morgan pattern that…
YouTube | 19 January 2015
I confirmed MMR is associate with…
“Nowadays, people will go anywhere to avoid paying tax. A quick visit to Lichtenstein, Monaco, maybe Jersey; empty the vaults of private wealth, and you could write off the world’s debt. In a day, in an hour, in a minute. Three-quarters of the world’s cash is hidden away in places exactly like this.” ~CIA agent in Turks & Caicos, Part II of The Worricker Trilogy
by Catherine Austin Fitts
There is a war going on – between the forces of control and conquest and the forces of collaboration and creation. History teaches us that the civilizations which win at either one of these generally get their infrastructure right. In fact, it may be said that infrastructure can mean the difference between the life and death, the prosperity and poverty of a civilization.
The United States has spent a great deal of money on infrastructure in recent decades and much of this spending relates to control and conquest. US telecommunications infrastructure is less reliable (and more expensive) than that of other developed countries – but it permits the NSA and a variety of private parties to collect and access intelligence. US software is often buggy, but “trapdoors” provide access to the intelligence agencies. In many areas, US roads and bridges are badly in need of repair, but we have poured significant sums into secret underground bases.
The United States has also developed a reputation for destroying infrastructure – whether destroying that of Iraq or other countries we invade – or decimating global communities with predatory lending and financial speculation which cause severe dislocations in local capital allocations.
Frustrated with the US as well as the IMF, the World Bank and traditional global financial institutions controlled by the US and G-7, the developing world is taking matters into its own hands by launching, planning and financing mechanisms for significant infrastructure investment.
The BRICS nations are acutely aware that prosperity and environmental responsibility depend on significant and cost-effective investment in infrastructure. Opportunities to improve global connections – via air, rail, roads, pipeline, phone, or space – and to integrate new materials and technologies beckon.
China’s successful launch of the Asian Infrastructure Investment Bank has brought these questions front and center. In this week’s Second Quarter Wrap Up, I will look at what’s happening and the implications for the US leadership.
The United States has produced a generation of leaders who have risen to power by cashing in on globalization – on natural resources in the developing markets and cheap debt. If you look at what must be done to succeed on the road ahead, we can ill afford them now. As The Economist stated recently, “America’s aristocracy is calcifying.”
The BBC’s outstanding, three-part series from David Hare, The Worricker Trilogy, offers entertaining insight into our situation. In this series, The Gladstone Group, a syndicate of New Jersey businessmen and investors, are grossly over-billing for construction of secret torture and rendition sites for the CIA. A portion provides kickbacks to a global foundation to be launched by the British prime minister after he retires (shades of Tony Blair?) This foundation’s stated goals are “humanitarian works.”
The Worricker Trilogy raises a critical question. We have piled up trillions of dollars in offshore havens and the bond markets. Now we must reinvest this money in the real economy. However, the real economy cannot produce significant returns without significant infrastructure. The long term bull market and quantitative easing are over. We can ill afford to organize trillions of strategic infrastructure investment around political kickback schemes.
The leadership in China has primarily been trained as engineers. Engineers build bridges, high-speed trains, power and desalination plants and spaceships.
The US leadership largely consists of wealthy lawyers. Lawyers make rules, pass laws and litigate. Some of them create loopholes for avoiding taxes and for funding global foundations and endowments.
Which do you think we need?
This week, I will also be discussing Q2 news stories and financial markets.
Talk to you Thursday!
But what do we mean by the American Revolution? Do we mean the American war? The Revolution was effected before the war commenced. The Revolution was in the minds and hearts of the people….
~ John Adams
Fourth of July
“A ship is safe in harbor, but that’s not what ships are for.”
~ William G.T. Shedd
By Catherine Austin Fitts
I have been getting an increasing number of questions about risks in the equity markets. I thought as part of the Solari Report Second Quarter Equity Overview that a brief overview of risk issues would be helpful for subscribers thinking through their personal governance and management of equity investments.
I have addressed risks categorized in the following groups:
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“The European Union’s principles are democracy, solidarity, mutual respect…These principles were not based in blackmails and ultimatums, especially in these crucial times. No one has the right to put in danger these principles.”
~ Greek Prime Minister Alexis Tsipras
By Catherine Austin Fitts
Events in Greece underscore one of the challenges that the bond market faces – predatory lenders face a day of reckoning. It’s a good time to talk about what the turn in the bond market means to equities.
This week on the Solari Report, I will examine how equity markets performed in the second quarter of this year. This report will feature detailed performance charts and sector comparisons.
As equities markets build out globally, they are becoming more place-based and place-centric. With this in mind, I will also report on the Australian and New Zealand equities markets and what I learned on my recent visit “down under.”
In response to your questions, I will address a “key” topic for investors: portfolio risk management, including custodial risks that impact securities and precious metals.
In Let’s Go to the Movies, I will look at Red Dog, one of Australia’s most popular films. We’ve had a lot of bad news lately – time for some heart warming inspiration!
I hope you’ll join me on the Solari Report this week. If you’re not a subscriber yet, you can learn more about the benefits of becoming one here…
By Catherine Austin Fitts
You may have noticed that we have been managing repeated Denial of Service and hack attacks. They have been quite fierce this year – coming from many different places both in the United States and around the world.
I can only conclude that we are indeed bringing you “the truth and nothing but the truth.” The long-term solution is our new website which we intend to launch this summer. We believe it will be much harder to hack. The short-term solution is to continue to do the many things our systems team is doing to make the site as invulnerable as possible.
I would like to compliment our systems and operations team – they are doing a great job up against a syndicate which has clearly invested significant resources to defend their market share.
You deserve the very best service – we are working hard to make sure that your service is interrupted as little as possible. We thank you for your understanding, your suggestions and your support!
Here is an idea if you would like to help:
We believe that the post which triggered the latest round of attacks was my comment on the Pope’s Encyclical. So, we would be delighted if you would click on the following link, copy the content and e-mail this article far and wide. Let’s make it difficult for resource-rich institutions to censor via cybercrimes.
Today, 1500 CEST Wednesday, 1 July 2015, WikiLeaks releases a modern journalistic holy grail: the secret Core Text for the largest ‘trade deal’ in history, the TiSA (Trade In Services Agreement), whose 52 nations together comprise two-thirds of global GDP. The negotiating parties are the United States, the 28 members of the European Union and 23 other countries, including Turkey, Mexico, Canada, Australia, Pakistan, Taiwan and Israel.
Today’s publication happens the week before the next TiSA negotiating round that begins on Monday, 6 July. WikiLeaks is also today publishing the full agenda for next week’s negotiations, which shows that discussions will focus on Financial Services, Telecommunications and the Movement of Natural Persons.
Nothing on The Solari Report should be taken as individual investment advice. Anyone seeking investment advice for his or her personal financial situation is advised to seek out a qualified advisor or advisors and provide as much information as possible to the advisor in order that such advisor can take into account all relevant circumstances, objectives, and risks before rendering an opinion as to the appropriate investment strategy.
© Solari 2012