|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...|
|SolariCAST videos and audio podcasts feature highlights from live, Solari Report briefings. View recent SolariCast videos here...|
|Solari e-Mail Updates arrive several times a month and feature Catherine Austin Fitts' commentary on the political economy. Subscribe to Solari Updates here...|
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
Disappearing Subsidiaries: The Cases of Google and Oracle
Social Science Research Network | 06 March 2013
From 2009 to 2010, 98 percent of Google’s and 99 percent of Oracle’s subsidiaries disappeared…
Goldman Sachs Research Disputes ‘Too Big to Fail’ Bank Subsidy
Yahoo! Finance | 22 May 2013
Bond investors don’t perceive the six biggest U.S. banks as “too big to fail”…
Harvard Management president/CEO’s Pay Jumps 52% in 2011
Pensions & Investments | 16 May 2013
Jane Mendillo, president and CEO of Harvard Management Co…
A Conversation with Economic Provocateur Catherine Austin Fitts
CODEpdx | 06 May 2013
Catherine Austin Fitts has been to the halls of power and has the battle scars to prove it…
Washington Signals Dollar Deep Concerns
The Daily Bell | 21 May 2013
Over the past month there has been a statistically improbable concurrence of events…
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…
Record Gold Shorts Signal Further Price Swings: Chart of the Day
Bloomberg | 22 May 2013
Hedge funds are making the biggest bet ever against gold prices…
Soros Reports Over $239mm In Gold Positions, Buys $25mm In Call Options On Juniors
Bull Market Thinking | 16 May 2013
In a 13-F release issued by the SEC after market close yesterday…
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…
CBO: Carbon Tax an Option to Avoid ‘Catastrophic’ Outcomes
The Hill | 22 May 2013
The Congressional Budget Office (CBO) noted Wednesday that a carbon tax could generate “significant” revenues…
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
A petition to reject the nomination of Thomas Wheeler, signed by Catherine Austin Fitts and recommended by Blake Levit…
Xbox One Raises the Burden of Privacy Safeguards: 5 Questions for Microsoft
Time Tech | 22 May 2013
Some things you take for granted, like the fact that in Star Trek…
NASA is Funding a 3D Food Printer, and It’ll Start With Pizza
The Verge | 21 May 2013
NASA is funding research into 3D-printed food…
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…
The Geneticals Episode 1
Createspace | 06 February 2013
It’s The Geneticals – the world’s first team of vaccine-damaged super- heroes…
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…
Bill Drafted In Secret Would Block Release Of Some Newtown Massacre Records
Cryptogon | 22 May 2013
The staffs of the state’s top prosecutor and the governor’s office have been working in secret…
Man Questioned in Boston Marathon Bombing Shot, Killed by FBI
WCVB | 22 May 2013
A man being questioned in connection with the Boston Marathon bombings was shot and killed in Florida…
General Wesley Clark: Wars Were Planned – Seven Countries In Five Years
YouTube | 11 September 2011
General Wesley Clark: Because I had been through the Pentagon right after 9/11…
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
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…
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…
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!
?Even the Rain
By Carolyn Bandel
Zuercher Kantonalbank, the biggest Swiss cantonal bank, expects to pay a fine to U.S. authorities as part of a deferred prosecution agreement for its alleged role in helping Americans evade taxes.
“The bank will have to negotiate a DPA separately with the American authorities, which will also contain a fine,” Urs Ackerman, a spokesman for Zurich-based ZKB, said today in an e-mailed response to questions.
Transcript of Coming Clean: My Water is Wonderful with Dan Hillard is now available to Subscribers!
From the transcript:
Dan Hillard: Yes, I am.
Catherine Austin Fitts: Well, thank you very much for joining us on The Solari Report. For years, we have gotten many questions on this and so we are delighted to finally have you to answer. Why don’t we start with you explaining what you do, what the company does, and why you do it?
Battle at Kruger is an eight-minute amateur wildlife video that depicts an unfolding confrontation between a herd of Cape buffalo, a small pride of lions, and one or two crocodiles. The video was shot in September 2004 at the Transport Dam watering hole in Kruger National Park, South Africa, during a safari guided by Frank Watts. It was filmed by videographer David Budzinski and photographer Jason Schlosberg.
By Heather Callaghan
No, this is not a tabloid – it’s real. According to the latest video, which has now been posted below, robotic insects have made their first controlled flight. According to the creators of Robobee:
The demonstration of the first controlled flight of an insect-sized robot is the culmination of more than a decade’s work… Half the size of a paperclip, weighing less than a tenth of a gram, the robot was inspired by the biology of a fly, with submillimeter-scale anatomy and two wafer-thin wings that flap almost invisibly, 120 times per second.
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 emergency 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.
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.
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