Archive for the 'News & Commentary' Category

Loving Montana


Flathead Lake, MT

I left Hickory Valley on August 21st. I drove into Memphis first, to pack my cooler full of fresh organic salads and fruits. I have learned not to search for fresh food on the road. I was headed to Montana, where I lived for most of 2005,  wrote Dillon, Read & Co. Inc. and the Aristocracy of Stock Profits and met Anais Starr who has run Solari operations since 2006.

I love being on the road. I drove straight through to Billings - a 25 hour trip through Arkansas, Missouri, Kansas, Iowa, South Dakota, Wyoming into eastern Montana. Then a 12 hour sleep, up the next morning and then 8 hours across southern Montana turning north on the Western side into the Flathead Valley.

Montana Map
Gordon’s Guide

The drive was spectacular the whole way. Clear blue skies with the temperature in the ’60’s. After the heat of the Tennessee summer, the crisp cool air was welcome.

I met up with colleagues from California at the Deep Bay Center in Lakeside on Flathead Lake through last Friday. Each day the air poured into our house from across the lake. Because our team is spread around the country, it is important to find ways to get together to brainstorm and create. I can’t think of a better place to bring a team together than the Center at Deep Bay.

We found the Center thank to the wonderful We Trade Network.  More proof of the power of barter networks.

On Friday, I moved up to the Swan Valley to stay with friends - a weekend of hiking, reading (or I should say re-reading Richard Dolan’s book for this week’s Solari Report) and eating more great fresh food from Loon Lake Farm in Bigfork, The Good Food Store in Missoula and Mountain Valley Foods in Kalispell. I even continued my education on grizzly bears and how to care for the wilderness from the master of the forests, Rick Freeman.


Swan Lake, MT

I will be staying in the Swan, headed into the Solari office several days to work and then driving home over Labor Day weekend.

I’m loving Montana. It’s a reminder of what Wordsworth wrote in Tintern Abbey:

“..and this prayer I make,
Knowing that Nature never did betray
The heart that loved her; ’tis her privilege,
Through all the years of this our life, to lead
From joy to joy: for she can so inform
The mind that is within us, so impress
With quietness and beauty, and so feed
With lofty thoughts, that neither evil tongues,
Rash judgments, nor the sneers of selfish men,
Nor greetings where no kindness is, nor all
The dreary intercourse of daily life,
Shall e’er prevail against us, or disturb
Our cheerful faith, that all which we behold
Is full of blessings.”

59% Support Arizona Law; 53% Trust States More than Feds To Enforce Immigration Law

Despite a judge’s ruling putting key provisions of Arizona’s new immigration law on hold,most U.S. voters still favor passage of such a law in their own state. They also think it’s better to have states enforce immigration law rather than to rely on the federal government.

A new Rasmussen Reports national telephone survey, taken after the judge’s Tuesday ruling, finds that 59% favor passage of an Arizona-like immigration law in their state, marking little change from earlier this month. Just 32% oppose such a law.

Continue reading the article . . .
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Catherine Austin Fitts’ Blog Commentaries

Arizona Goes It Alone With Tough Immigration Laws
(14 April 10)

Stopping Immigration - the New Spin to Shift to National ID - Next Step to Digital Currency
(10 March 10)

Behind the Wheel

By Lars Schall

Hardly another serious plague to society is associated with more hypocrisy and erroneous assumptions than the drug business. So Lars Schall talked with Catherine Austin Fitts, who explains the real deal: “It’s a very old business. It goes back to the question of how you control the most territory with the fewest players as possible.”

The following interview was conducted, while she sat in her car and drove across the U.S. state of Montana.

Continue reading the article . . .

US Post Office Now Quoting Conversion to SDRs for International Mail

323.1 Description

For a fee, the sender may purchase insurance to protect against loss, damage, or missing contents for Priority Mail International parcels containing merchandise. Insurance may not be purchased for the Priority Mail International Flat Rate Envelope or Small Flat Rate Box. Compensation varies according to the fee paid. For parcels delivered to the addressee in damaged condition or with missing contents, payment is made to the addressee unless the addressee waives payment, in writing, in favor of the sender.
Continue reading the article . . .
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Related reading:

Precious Metals Market Report
By Catherine Austin Fitts (8 July 10)

SDR (Special Drawing Rights)
Wikipedia

Daily Bread Is a Local Call Away

By Marian Burros

The 250 farmers, bakers, millers, scientists and just plain eaters, all of them fanatics about the kind of bread that is so good it doesn’t need butter or jam, gathered here last month for the fourth annual Kneading Conference. They spent two days at the fairgrounds talking about locally grown, mostly organic grains — and how, after 100 years of neglect, breads made from them are beginning to pop up, in limited quantities, nationwide.

Continue reading the article . . .

Solari Reports on Building Your Food Sources:

Building Your Local Food IQ
(14 Oct 10)

Is the Real Unemployment Rate 16.5%, 22%, or. . .?

By Pallavi Gogoi

Raghavan Mayur, president at TechnoMetrica Market Intelligence, follows unemployment data closely. So, when his survey for May revealed that 28% of the 1,000-odd households surveyed reported that at least one member was looking for a full-time job, he was flummoxed.

“Our numbers are always very accurate, so I was surprised at the discrepancy with the government’s numbers,” says Mayur, whose firm owns the TIPP polling unit, a polling partner for Investors’ Business Daily and Christian Science Monitor. After all, the headline number shows the U.S. unemployment rate today is 9.5%, with a total of 14.6 million jobless people.

Continue reading the article . . .

Catherine Austin Fitts’ Blog Commentaries

Unemployment Data Masks Jump In Emergency Claims
(27 Aug 10)

Initial Unemployment Claims Rising
(19 Aug 10)

Senate Set to Vote on Extended Unemployment Benefits Tuesday
(19 July 10)

1.3 Million To Lose Their Jobless Benefits This Week
(27 June10)

The Disastrous Unemployment Situation
(1 Feb 10)

Fears of Regime Change in New York

From Naked Capitalism

Normally, I don’t report on anecdotes from my immediate circle, but a set of conversations in less than a 24 hour period suggests that even those comparatively unaffected by the crisis are bracing themselves for the possibility of sudden, large-scale, adverse changes. And that sort of gnawing worry seems to be growing in New York despite being buoyed by TARP funds and covert bank subsidies.

When out on my rounds the day before yesterday, I ran into an old McKinsey colleague, who had subsequently had impressively titled jobs in Big Firms You Heard Of before semi-retiring to manage family money. He and his very accomplished wife were big Bush donors and had been invited to both inaugurations.

He made short order of niceties and got to the point: “We need more fiscal stimulus. Obama did too little and too much of what he spent on was liberal pork. We could and need to spend a lot on infrastructure. This is looking a lot like 1936. I’m afraid it could get really ugly. And I’m particularly worried that the Republicans will win big this fall. They’ll cut even deeper, that’s the last thing we need right now.”

Continue reading the article . . .

Related reading:

Family Wealth
Catherine and The Solari Report (19 Nov 09)

Hardship Withdrawals Give Access to Your 401k Savings, But at a Cost

If you’re in a financial pinch, you might be able to tap your 401k for a bailout — but it could really cost you.

You’re not alone in wondering if you should tap your retirement savings. With an uncertain economy and average consumers debt building up, many people are thinking about the money in their 401k plans.
It is safe to say that hardship withdrawal information is one of the most sought after items on this website. And that has some financial and retirement industry experts worried. A withdrawal taken in haste today could have a big impact on your golden years.

Hardship Basics

A hardship withdrawal is not like a plan loan. The withdrawal may be difficult to get, and costly if you receive it. Remember, your 401k is meant to provide retirement income. It should be a last-resort source of cash for expenses before then.

Continue reading the article . . .

Related reading:

401k Plan Loans - An Overview
401khelpcenter.com (29 Aug 10)

Catherine Austin Fitts’ Blog Commentaries

Retirement Fund Withdrawals Rise in Downturn
(20 Aug 10)

Class Warfare’s Next Target: 401(k) Savings
(19 Feb 10)

Soliciting Feedback Regarding The Annuitization Of 401(k)
(2 Feb 10)

Ruling Gives Towns Power Over Drillers

By Elizabeth Skrapits

Would local officials be powerless to stop a natural gas company from drilling a natural gas well in the middle of a housing development?

Not according to a new state court ruling, which affirms the right of municipal and county officials to limit natural gas drilling to certain districts, such as agricultural, mining or manufacturing, and out of residential neighborhoods.

Three new court decisions were outlined by attorney Jeffrey Malak during a recent meeting of the Back Mountain Community Partnership in Luzerne County.

The latest decision, Penneco Oil Co. Inc. v. the County of Fayette, “…opens up the floodgates and says municipal zoning is not pre-empted” by the state Oil and Gas Act, Mr. Malak said. The case was decided in Commonwealth Court on July 22.

Continue reading the article . . .

Related reading:

Lessons from Dimock, PA: Calling for a Moratorium on Natural Gas Drilling in New York
The Huffington Post (3 Aug 10)

You Thought They Had a Heart Attack, Right?


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