By Catherine Austin Fitts

Goldman Sachs has now settled with the Federal Housing Finance Agency. It appears that Goldman did not want to generate more new revenues for federal agencies that Congressional appropriators could use to buy more elections or reward the very housing regulators and enforcers who engineered the housing bubble. Good for them. Instead, they bought the mortgages back from Freddie and Fannie. Imagine Freddie and Fannie saying in court that they were misled. Wow.

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By Catherine Austin Fitts

This e-mail was forwarded recently by Dr. Joseph Farrell:

Dear Dr. Farrell:

I get lost sometimes when financial matters are discussed. In particular, the concept of separate economies eludes me. Maybe you can help.

Can you explain what you (and Catherine Austin Fitts) mean when you say that the power elite are moving all of the good financial assets out of the “old” economy and into new economy of the black budget, and leaving the bad assets like mortgages and such in the old economy?

How do you take trillions of dollars of assets out of an economy? If it is being used to, say, make spaceships and weapons, isn’t it still used to pay the contractors who make these things? Last I heard, military and aerospace contractors like Boeing are still paying their workers and paying for their raw materials. Doesn’t that keep the money in the same economy all of us live in?

Confusedly Yours,

Harry

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By Gold Switzerland

In this first of a series of London interviews that Lars Schall conducted for Matterhorn Asset Management this summer, Lars met up with Ambrose Evans-Pritchard to discuss geo-politcal tensions in the world, China’s challenges, threats to the global economy and the expectations for gold.

GoldSwitzerland is very grateful to be able to present the views of this brilliant mind. On July 25 he wrote: “In the 30 years or so that I have been writing about world affairs and the international economy, I have never seen a more dangerous confluence of circumstances, or more remarkable complacency”.

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By Wikipedia

The bancor was a supranational currency that John Maynard Keynes and E. F. Schumacher conceptualised in the years 1940-42 and which the United Kingdom proposed to introduce after the Second World War. This newly created supranational currency would then be used in international trade as a unit of account within a multilateral clearing system – the International Clearing Union – which would also have to be founded.

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By Breitbart

President Francois Hollande is weighing his options after dissolving the government on Monday over open feuding in the Cabinet about how much cutting — or spending — will revive the country’s stagnant economy.

Hollande is to announce a new government on Tuesday. The debate among French Socialists mirrors one taking place across Europe on whether to pursue a German-led model of fiscal austerity or use more government spending to spur growth.

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By The Investment Company Institute

U.S.-registered investment companies* managed $17.1 trillion in assets at year-end 2013 (Figure 1.1), $2.3 trillion more than at year-end 2012. Major U.S. stock indexes rose 30 percent or more over the year, contributing to the growth in total net assets of funds invested in domestic equity markets. International stock markets also rallied, gaining nearly 20 percent on average and increasing the assets of funds invested in international equities. In addition, the U.S. dollar weakened against the euro—raising the dollar value of euro-denominated securities and thus the dollar value of equity and bond funds holding euro-denominated assets.

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(Photo Credit: vjeran2001)

“Finance has a fascination for many bright young people with limited means. They would like to be both intelligent and enterprising in the placement of their savings, even though investment income is much less important to them than their salaries. This attitude is all to the good. There is a great advantage for the young capitalist to begin his financial education and experience early.” ~Benjamin Graham

By Catherine Austin Fitts

The Solari Report team has created a new Solari Circle. We are meeting by phone every other Monday night. Our first phase is education.

I will be briefing the Circle about questions members have regarding securities and investments. Our goal is to integrate the knowledge we work with through the Solari Report and apply it to our investments; and to use understanding of the financial markets to build a richer, deeper insight about what is happening around us.

We opened a Yahoo Finance account to simulate a $1 million portfolio. If the simulation goes well, we will start a Solari Circle Investment Club to proceed to invest a portion of our savings together.

For the team members who are new to securities investing, I encourage learning the basic definitions commonly used in the securities investment world. A good place to begin is to invest $ .01 plus shipping for The Wall Street Journal Guide to Understanding Money & Investing as well as reviewing basic terms at Wikipedia and Investopedia.

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“When you manage money you can’t let your personal biases, your political views and your emotions cloud your judgment, because if you do that’ll be one of the most costly mistakes you’ll make. You have to be disciplined, you have to have a methodology for when you buy and sell that drives this decision-process and not what some blow-dry says that tries to scare you.” ~ Jim Puplava

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By Adam Jourdan

China could have a new homegrown operating system by October to take on imported rivals such as Microsoft Corp, Google Inc and Apple Inc, Xinhua news agency said on Sunday.

Computer technology became an area of tension between China and the United States after a number of run-ins over cyber security. China is now looking to help its domestic industry catch up with imported systems such as Microsoft’s Windows and Google’s mobile operating system Android.

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By Jon Rappoport

William W Thompson, PhD…the CDC whistleblower…was escorted off the premises of the CDC campus yesterday afternoon. This is what a source has just told me.

Therefore, the CDC knows Thompson is the whistleblower.

He’s in danger.

I’ve also been told that the Autism Media Channel (autismmediachannel.com), which had posted the video revealing Thompson’s name and outing him, is gone. The site is suddenly gone. (AMC’s documentary video is here on vimeo.com — entitled “CDC Whistleblower revealed”).

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