69 Comments

1. You know guys, most people have a very limited understanding of money and/or the federal reserve/central banking system. People are desperate to understand what’s going on while, at the same time, they intuitively know they are getting screwed by their government on many levels.

2. This was a mind-blowing presentation that I’ve already watched three times. I’m still a bit confused by this comment by Catherine:

   “Look at that $1 trillion that the Fed put out before the downturn started … Wherever the money was sloshing in from (whether it was DOD, which would have come from monetization of Treasuries) back to the Fed – it came in from someplace.”

   Why would the Fed need money sloshing in to purchase Treasuries when it can print money out of thin air?

   1. Marin:

      It uses Treasuries to print bank reserves out of thin air – a different process than buying Treasuries from the secondary market in a QE process. I can think of several reasons why it would redirect the FASAB funds – it would be part of an avenue to get thus funds into a private equity firm or SPACe that was safer. Essentially operating a laundry.

      Catherine

      1. Thanks! Yes, I was thinking the FASAB funds might be redirected to the ESF or somehow sloshing through the liquidities facilities or even the Fed’s Repo intervention. If we can’t trust the Treasury’s audits, I don’t know how we can trust the records from anything else. Incidentally, I’m watching your Rob Kirby interview from 2018 where you’re both discussing the imminent implosion of the system, and the oligarchs (to preserve their power) forcing a global “reset” via a “control grid” and “false flags”. Well, here we are!

3. Ms. Fitts & Mr. Titus: great job, extremely helpful!

   Could you expand on a key point, when you said, “The first Going Direct phase is with digital cash”?
   — Would this be like an Apple Wallet?
   — How quickly would {paper money / coins / paper checks} be phased out? (e.g. what if some people hoard cash?)
   — How much longer will the “unit” (US dollar) remain our currency, before it becomes a ‘Fed Coin’?
   — How soon do you think this could/will happen? 1 mo? 3 mo?

   I apologize in advance if you’ve covered this already. I’m new to your site, and I haven’t searched through it in any great detail yet.

   Thank you!

4. WOW, that was amazing! I’ve posted this on FB and sent this to many people until they caught me haha and wouldn’t let me send the state of our currencies as I recorded it on my iphone….thank you for everything you’re doing! btw i sent my children to the Waldorf school in Sacramento before they were finally done with schooling and it changed the trajectory of our lives! I also walk around without a mask in the stores wherever I can, having been a practicing RN for 30 years, and it is so much more clear to see the plandemic bullshit after this! I need a tshirt to advertise to the fearful sheep!

5. WowWowWow! You two bat it out of the BallPark! You just keep getting better. Of course I’ve thought that for a decade or more each Report.
   At last I know what I read the Chinese Central Bank and the US Central Bank were coordinating Repo actions.
   I would never have caught that with out Solari Education.
   ?

6. Dear Catherine

   Just when I thought your ‘State of Our Currencies’ couldn’t be beat you come up with yet another tour de force – the Going Direct Report.

   After having read the excellent ‘Primer On Our Debt-Based Monetary System’ by John Titus, I have 2 questions about money.

   According to John, ‘Coins are physical money created and issued by the U.S. Treasury and … unlike the other three forms of money, coins are issued without any corresponding debt attached to them; coins are legal tender, meaning that they can be used to pay “all debts, public charges, taxes, and dues.” 31 U.S.C. § 5103. ‘

   I have heard stories about how some disgruntled customers or citizens will try to annoy a company or government authorities by coming to pay their bills and discharge their tax obligations or fines with a large amount of loose coins and that some companies (and even the IRS) have refused to accept the coins as payment, insisting that payment be made by transfer or cheque. Similarly, airlines now refuse to accept payment by cash and other entities limit the amount that can be paid in cash (coins as well as notes), citing anti-money laundering or anti-terrorism measures.

   QUESTION 1: If, as John says, coins are legal tender, then can companies legally limit or refuse to accept the coins as payment? Similarly, if I offer to settle a debt by paying cash and the counter-party refuses to accept the coins or notes I offer, then can I be considered to have discharged my debt?

   John also explains that ‘bank money is electronic money created and issued by commercial banks in exchange for debt, public or private, taken on by borrowers from the bank, whose electronic accounts at the bank are credited in the amount of their new loan’.

   QUESTION 2: If bank money is created electronically, what happens in terms of money creation and bank accounting if someone takes out a loan from a bank and then rather than transferring that amount electronically from his account withdraws that amount from his account in cash instead?

   1. John joins next week. It is on the list!

7. Hi Catherine, I have a question. If I followed your video presentation, the Fed created some $3,5Tn around the end of February 2020 with the intention that it be spent in particular ways. What were the choices the US congress had in how the money was spent?

   1. Depends on the circuit. If the money went to the banks and then to financial institutions, that is one circuit. If the money went to Treasury, given the refusal to produce audited financial statements and FASAB 56, in theory the money could have gone anywhere. I believe the money that disappeared from HUD in the first years of the financial coup likely funded the Clinton Foundation, Epstein’s operation and at least one of the private equity firms doing large venture pools to invest in Asia – remember this matched up with the East Asia financial crisis. So the buying spree was on in East Asia. China was also opening up for more investment. We saw the headline that China was the #1 target for foreign investment last year. Would not surprise me if some of this Fed money directly or indirectly through private equity firms, FASAB etc headed back into China for investments there (in part in appreciation for their role and expenses in engineering the pandemic and getting rid of Trump – See Lee Smith’s article Thirty Tyrants) as well as through China to the Silk Road, Africa etc.

      1. Thanks Catherine. While I comprehend your answer I am less sure that it makes sense. Circuit 1 may be illegal if the point were pressed. Circuit 2 is the Treasury slush fund (ESF). (I’m not sure if a couple of html links would help)
         So, for the US Congress it’s down to speed reading and passing bills to find out what’s in them 🙂
         The Thirty Tyrants is a good read, as is :
         “Creator Of The Bond VIX: It All Comes Crashing Down After 2025”
         (I think he is an optimist)

      2. In your discussion with the Corona Committee you mentioned that real estate disaster capital lacked names. This may be of interest:
         https://www.reddit.com/r/TruthLeaks/comments/67d26h/part_31_cliff_notes_awan_brotherhood_hillarys/

         1. Did not know anyone had made transcripts. Will post. Thanks.

            1. I have my own edited transcripts of around 100 of the last youtube videos before they got erased. I also have most of the GW videos.
               I was starting to work though the Reddit cliff notes when things went off the rails.

      3. Thanks for recommending the article ‘Thirty Tyrants’. Here’s a link:

         https://www.tabletmag.com/sections/news/articles/the-thirty-tyrants

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