“What is relevant is what solves the problem. If we had thought through real relevancies, we would be on Sirius by now.” ~Sir Peter Medawar

By Catherine Austin Fitts

The news informs us this morning that Angola has delayed the launch of their stock market until 2017 so that the companies in Angola have more time to get their accounting in order. This is a reminder that the world is still building out its equity market infrastructure and we have a long way to go in doing so.

I remember in the early 1990′s when the SEC set up an emerging markets task force and asked me to participate. Teams from the SEC were traveling around the world to help people set up their stock markets. In 1997, I was in Shanghai as the new Shanghai exchange was getting off the ground. To say it was basic is an understatement. Yet, the interest and learning speeds were astonishing. So it is not surprising where Shanghai is today and where it is expected to be in decades to come.

One of the challenges that the emerging and frontier markets face is building the intellectual capital necessary to maintain public equity markets – this includes a trustworthy accounting profession.


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(Photo Credit: Michael Appleton for The New York Times)

By William Alden

Regulators on Wednesday imposed new restrictions on a vast market that played a significant role in the 2008 financial crisis.

The Securities and Exchange Commission voted 3 to 2 to adopt a set of new rules for money market funds, a $2.6 trillion industry where ordinary individuals and sophisticated institutions alike park their money. The rules come after years of debate among regulators and lobbying from Wall Street.

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By Catherine Austin Fitts

Here is the bottom line from our “2nd Quarter 2014 Wrap-Up”.

Slower US and global growth in the first half of 2014 means the slow burn is fraying. This means that the reduction of liquidity that results from Fed’s continued taper through the end of October is going to increase financial risk and geopolitical tensions. As the Fed Chairman and IMF heads have pointed out, their authority and tools can not address the growth or challenges in the shadow banking system.

I said at the beginning of the year that our big risk if the slow burn wears thin is not global financial collapse, but war – in all its varied forms.

From the genocide in Gaza to the fighting and economic collapse the Ukraine, from the drought in parts of North America to the disappearance and crashing of commercial planes around the world, from enforcement actions against European banks to enormous tensions facing mid-term election campaigns, the managers of the global economy are scrambling to keep the slow burn going.

With the Fed taper ending in October, G-7 risks the WWI equivalent of landing on Normandy Beach with water pistols. That is, unless they call in the military.

Of course, all the fighting only shrinks the global pie, just as continual centralization has been shrinking it for a long long time. Control of the global currency and investment model – this is the end game.

Say a prayer for world peace and for peaceful hearts and minds for global leadership.

Related Reading:

2nd Quarter Wrap Up

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“The Post World War II System of Hidden Finance” with Dr. Joseph Farrell

The National Security Finance Intelligence Military Industrial Complex

“Guns & Butter” investigates the relationships among capitalism, militarism and politics. Maintaining a radical perspective in the aftermath of the September 11th attacks, “Guns & Butter: The Economics of Politics” reports on who wins and who loses when the economic resources of civil society are diverted toward global corporatization, war, and the furtherance of a national security state.

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Andrey has been growing vegetables on his own plot in Vodyanoye for five years. He has nine large, heated greenhouses where he grows tomatoes and cucumbers.

Andrey studied at the Zaporozhye National Technical University, where he received a degree in mechanical engineering. He worked in his specialty for two years, then decided to focus only on agriculture. He lives with his wife, two sons and mother.

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Video courtesy of Little Bonanza Productions. For more information, please contact: lisa@littlebonanzaproductions.com.

NAFBPO’s mission is “to contribute to the security and stability of the United States.” Please also watch their video at http://www.youtube.com/watch?v=yd8S6hmddzE

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“But sooner or later baby, here’s a ditty
Say you’re gonna have to get right down to the real nitty gritty”
– “The Nitty Gritty,” by Lincoln Chase

By Catherine Austin Fitts

I am drowning in strange intellectual justifications for income inequality. There seems to be no end in inventing explanations for the existing centralization of wealth.

One recent article in the WSJ said that it was all because of semiconductors. You almost don’t know what to say to such hubris. If that were true – and it is not – I would point out that the early developments of semiconductors might have been paid for by the taxpayers through the black budget and transferred out to Silicon Valley in a manner that provided no return to the taxpayers.

The growth of academic and intellectual justifications has become so robust, I purchased Thomas Pikety’s book Capital in the Twenty-First Century to try to understand what all the fuss is about. To my delight, his introduction is beautifully written and promises lots of statistics. So we shall see.


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By Dr. Joseph Farrell

Now, while the world cup soccer finals were going on – which Germany eventually won – the nations of the BRICSA bloc were busy talking to each other, and one of them, Mr. Putin, was talking with Mama Merkel. I was not able to comment on all of this at the time, having had to pre-schedule over a month of blogs due to the Secret Space Program conference (we’ll get back into orbit again this week, eventually, so be patient).

Now, what do you want to bet that they are not talking about soccer? Interestingly, while Putin and Merkel were at the World Cup, along with Brazilian President Dilma Rouseff, and her counterpart, Christina de Kirchner of Argentina, President Obama was not. One might wonder at the convenience of the finalists of the world cup being Germany and Argentina, for the latter wants into the BRICSA bloc, and the former has close trading ties with its two biggest members, Russia and China, and is also “less than happy” about American spying and other “activity.”

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