Going Up

“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…


The Hidden Hand

“The hunt is on and brother you’re the prey.”
~ Curtis Mayfield, New World Order

By Catherine Austin Fitts

My guest this week, Junious Ricardo Stanton, was one of the Solari Report’s most popular when he joined me for Unpacking Divide and Conquer in December, 2014. A number of subscribers communicated how much this report helped them understand race tensions – and solutions – in the US.

A good deal of what Junious and I discussed in that interview revolved around events in Ferguson, Missouri. Unfortunately, we did not foresee such events moving closer to home: Junious and I are both from Philadelphia, only two hours from Baltimore.

Unbeknownst to many, racial incidents in Baltimore are a part of that city’s history:

“Recent Baltimore protests over the police homicide of Freddie Gray were about much more than the killing of a young black man. The legacy of slavery is deep in a city many consider to be outside the South. “The Monumental City” as it was known in the 1820s was at the headwaters of American human trafficking. That traffic’s structural violence turned African American sons and daughters, wives and fathers into human products. One in seven enslaved African Americans was forced across state lines in the following decade. In Baltimore black people were jailed, sold, and shipped in the bellies of merchant vessels. Most were stolen from families by slave traders. Austin Woolfolk was a mastermind of the market.”

What Else You Should Know About Baltimore, Time Magazine, 5-31-15

This week, Junious and I will explore the history of corruption in our inner cities –  narcotics trafficking, mortgage fraud, enforcement and private prisons and “reality TV” media.

Then we will look at the real motivations behind recent events in Baltimore:

  • Did authorities act to prevent this violence or was it allowed to get out of hand?
  • Who would have benefited from such events?
  • Have race tensions been exploited by these parties?
  • How does Baltimore relate to the Arab Spring, Occupy Wall Street and other grassroots “ops” that play such an important role in “soft revolutions?”

Please join Junious Ricardo Stanton and me this week on the Solari Report. If you’re not a subscriber yet, you can learn more and become one here…

In our Let’s Go to the Movies segment Junious and I review The Wire, David Simon’s remarkably honest television series set in and around Baltimore (note: strong language in this trailer):

It’s the last week of the month, so look for my Money and Markets segment the following week!



Click on the image below to view a full-size version of the “New Economic Game of Life:”

The New Economic Game of Life

By Catherine Austin Fitts

The following is an excerpt from the Solari Report 1st Quarter Wrap Up: Planet Debt

A financial institution originates a mortgage for a family of four which they sell to Fannie Mae after collecting the origination fee (the institution is not liable on the mortgage). The father works at a local manufacturer which the financial institution knows will be moving to Mexico soon (they are financing the transition). The institution anticipates that the father will lose his job but they don’t inform him, hence committing a material omission in the transaction.

Twenty-four hours after losing his job, the father’s credit card interest rate is raised to 30%. A few months later, one of his children becomes ill and the father must use the credit card to pay medical expenses; the family lost its medical coverage after he lost his job.

The father pays the 30% interest rate on the medical expenses and eventually falls behind on his mortgage payments. At this point, unemployment compensation and food stamps are the family’s sole source of income. These are insufficient to cover the family’s overhead despite significant reductions in spending.

The full-color book version of Planet Debt is now available to Solari Report subscribers…

Continue reading »


Marcy Kaptur

Rep. Marcy Kaptur calls into the secure room in the basement of the U.S. Capitol where Members of Congress are allowed to read the nearly 1000-page Trans-Pacific Partnership draft agreement. She had to leave her cell phone in the lockers on the left and was not allowed to take away any notes, photos, or copies. She is not allowed to talk about what she read with anyone unless they have Top Secret clearance.

“Not good.”
~ Marcy Kaptur

By Catherine Austin Fitts

Congresswoman Marcy Kaptur represents Ohio’s Ninth Congressional District and is currently serving her sixteenth term in the U.S. House of Representatives. The Congresswoman ranks among the most senior Members of the 114th Congress and serves on the all-important House Appropriations committee.  Her consistent efforts to defend the interests of her constituents and all Americans underscores a record of excellence in public service.

Our interview with Congresswoman Kaptur is being made available to the public due to the importance of this week’s vote in the House on the Trans-Pacific Partnership. Also because of the timely nature in which we would like to release this, it is still the rough audio – we will update the recording when the final edits have come in.

Listen to the Interview MP3 audio file

The Solari Report 2015-06-18

Download the Interview MP3 audio file

PublicKaptur.mp3 (auto-download)
PublicKaptur.mp3 (Right click to download in Safari)

During our discussion, a number of points came to light which you may find disturbing:

  • The contents of the roughly 1000-page Trans-Pacific Partnership agreement are top-secret
  • Members of Congress were not invited to draft this agreement – it was drafted by corporate interests
  • Members of the House of Representatives are not allowed to discuss the TPP agreement with staff-members or constituents
  • Members of the House are subject to criminal prosecution if they talk about what they have read in the agreement

My analysis of the ramifications of the TPP agreement is available for Solari Report subscribers in the June 11, 2015 Money & Markets segment here. It covers:

  • Whether or not the TPP agreement represents a trade agreement or something much more far-reaching
  • The timing of the bill – why now?
  • How will international legal authority and the sovereignty of nations be affected by this agreement?

To gain a better understanding of what the TPP involves, I also recommend our Special Report on the Trans-Pacific Partnership Agreement.

Congresswoman Marcy Kaptur encourages all Americans who have concerns about this bill to call, write, or e-mail their representatives in the House and the Senate to OPPOSE:

  1. Fast Track negotiating authority for trade agreements
  2. The Trans-Pacific Partnership

Update: While the vote to fast track the TPP was defeated in the House last Friday, the House passed a revised version on Thursday. The bill now goes back to the Senate.

To help you communicate with Congress, here is the EFF link:

Call Your Representatives to Stand Against the TPP Fast Track

We also discuss John Oliver’s humorous (but deadly serious) take on poultry farming:

If you’re not a Solari Report subscriber yet, you can learn more about becoming one here.