“It is hard for countries to accept the U.S. dollar as settlement for international trade when the U.S. has been excused from accounting. People do not want to do business with entities that do not have accounting.”
~ Rob Kirby on the adoption of FASAB 56
By Catherine Austin Fitts
It’s time to begin our 2nd Quarter 2019 Wrap Up – my announcement of our theme, The State of Our Currencies, and overview is here.
This week we publish the first in our two-part publication of the News Trends & Stories for the 2nd Quarter 2019 Wrap Up. Dr. Joseph P. Farrell joins me for our analysis of what is happening in 2019—and where the world is going.
In Part I, we look at the top stories in Economy & Financial Markets and Geopolitics. We also fill in the Trump Report Card for the 2nd Quarter.
I hope you take advantage of both Parts I and II—I know of no better round-up of the deeper news than these quarterly discussions. Our team invests significant time each quarter to convert months of headlines into actionable intelligence that gives our subscribers mastery of the economic, political, and cultural flows in which we navigate.
Just when I feel I have achieved a synthesis, I sit down with Dr. Farrell and something remarkable happens. Joseph’s understanding of history, science, and culture—and his ability to integrate across many sectors—takes the conversation into a whole new mind. Our discussions this month were some of our most insightful and fun recording sessions yet.
Here are our choices for the top stories for Part I:
Economy & Financial Markets:
- Story #1: Secret Books and FASAB 56: U.S. Securities Markets Go Dark
- Story #2: U.S. Debt Spiral and Reserve Currency Pains
- Story #3: Slowbalization: Recession Looms, Equity Markets Correct; Interest Rates Fall
- Story #4: Technocracy, Farmageddon, and the Reengineering of Land and Real Estate
- Story #5: Trade Wars: Superpowers Bare Their Teeth Over Sea Lanes, Borders, Back Doors, and AI
Geopolitics:
- Story #6: Elections Signal a Rise of Nationalism and Citizen Frustration
- Story #7: Technocracy and the Rise of the Global Truman Show
- Story #8: It’s a Mad, Mad World: Censorship, Disinformation, Entrainment, and the Weaponization of Populations
- Story #9: Oil Wars, Trade Wars, Economic Sanctions, and the Silk Road
- Story #10: The Push for War—Secret Money for Secret Armies and War
In Let’s Go to the Movies, I will discuss an important oldie but goodie—Pam Warhurst’s TED presentation, How We Can Eat Our Landscapes. Given what is happening with the centralization of farmland ownership and agriculture, this is a good time to redouble our efforts to strengthen local food supplies and resiliency.
Post your questions and story suggestions for Money & Markets for this week here.
Talk to you Thursday!
Web Presentations
2nd Quarter 2019 Wrap Up: The State of Our Currencies: The State of Our Currencies
For those who want to know more about FASAB 56, check out the 2018 Annual Wrap Up: The Real Game of Missing Money at The Real Game of Missing Money and The Missing Money.
Hard copies of The Real Game of Missing Money, Volume I are available for Solari Report subscribers at the Solari Store. Volume II will be available in early July.
Interesting discussion here… clearly, Spalding believes 5G is wonderful… but then, he’s a .Mil guy.
This interview has a fair number of interesting comments and morsels. YMMV
One of the closing comments:
“There IS no trade deal, and there won’t be one forthcoming. China is going to wait till after the 2020 election.”
TITLE: “China’s Strategy Against Trump and America: Trade War, Huawei, 5G—Gen. Robert Spalding”
https://youtu.be/g7VIeykAxsE
What a bunch of BS. I posted the following:
This is the biggest load of BS I have heard so far this year. Perhaps the Hudson Institute should read FASAB 56 which US adopted in October 2018. The US government and related companies have now adopted a zero accounting policy. Since 2006, the national security advisor can waive SEC requirements for banks and defense contractors. The US securities market is now dark. $21 Trillion is missing from US accounts. China Hustle stinks. So does the FASAB 56 Hustle.
It is truly hard to fathom how intellectually bankrupt it is Inside the Beltway. Thank God I don’t have to live or work there.
You nailed it about the reason the [non-mediating] “media” continues to “lose money”.
Whenever someone’s behavior seems nonsensical we have to consider the possibility that we have been duped about their true purpose. When their behavior (producing distracting spectacles rather than useful information) persistently ceases to serve their purported purpose (“making money informing the public”), we are wise to look for another purpose which is still being served.
In the case of the pseudo-news pseudo media(tors), their purpose is propaganda…say, for their corporate owners and the corporate-fascist state generally. To that extent they are like an advertising department: the ad dept does not have to turn a profit. Its purpose is to manipulate the public so that OTHER departments turn a profit. As long as a handful of people continue to watch the corporate pseudo-news networks, and their parent companies are profitable, they will continue trying to program the mentality of their shrinking base of viewers.
Yup!
Dr Farrell mentions President Trump’s German ancestry. I checked and it seems they came from the Palatinate. What is the significance of the Palatinate? Why would that raise Dr Farrell’s suspicions meter into the orange zone (although I’m not sure what orange zone means).
Very interesting about the bonds for the Louisiana Purchase. Where could I find out more about this?
Here is the documentary about the town in Germany his family came from – same as the Heinz family https://www.amazon.com/Kings-of-Kallstadt/dp/B01KP7O52Q/ – I have watched it. I will ask Joseph the next time I am there about his suspicions. I find his mothers Scottish background much more important. But this is something we should discuss when we do the next Trump report card for he 3rd Quarter.
I do not know a good source off hand on the Louisiana Purchase but will keep an eye out. If you find one, let me know.
Dr. Farrell has a members webinar dated 10/23/2016 on the Louisiana Purchase.
Donna:
Good to know! Thanks! That would clearly be the place to start.
Catherine
Dear Catherine
I watched the documentary Kinds of Kallstadt last night. It found it pleasant but didn’t find anything which in the slightest way could be considered as suspicious.
Me neither – although it is quite intriguing that the Heinz family and the Trump family come from the same village!
Also – Donald Trump reminds me of the Scottish clans on his mothers side, much more than the Germans.
Haha! Just listened today 7-10-19 and I had to laugh about the subscriber not moving out of JPM Chase. I guess she needs to read about the tanker of cocaine just stopped owned by JPM Chase. If that doesn’t have her move her money, then she is lost. Oh dear!
I completely understand this mind set though. One of my clients still has a bank account at Wells Fargo!!! and I keep telling him Wells Fargo committed fraud on their own customers which is reported in the MMM!
The thinking is that “my account is too small to be important.” – which tells me I have not successfully communicated the energetic, data and financial risks, let alone the power of personal and intimate action to make sure you are important!
It has been 70 years the mystery of UFO’s has mystified thousands of witnesses, yet the scientific establishment has not studied it. There is the Freedom of Information Act, yet the public have not seen any declassified files. This has opened the door for a mini cottage industry of hoaxers and charlatans that draws attention from the real nature of the UFO phenomenon that deflects from any serious research.
How often the last 40 years the public has heard the government was about to reveal the ultimate truth about UFOs. After many crashes with little bodies found in the 40’s and 50’s (Spitzbergen, Norway- Roswell- Aztec, New Mexico – Death Valley, Ca. – Brady, Montana to name a few) the public are still in the dark.
Couple of thoughts. Why would a very advance civilization have scout ships that crash? The Roswell event happened on July 2, 1947 and crashed with occupants were not retrieved until July 9, 1947, a week later. Can you imagine the conditions of the “pilots” bodies after 7 days in the hot summer New Mexico heat.
Are UFO’s from other planets real? I don’t know, but something non human is going on. So why the hush, hush? Unless some UFO sightings are covert experiments in the manipulation of the belief system of the public. Are we seeing deception that is planted in the minds in the eager minds of gullible believers? And how did the believers became gullible? Well, in the late 40’s T.V. sets started to appear in American homes. What a great delivery system that could fuel the minds, “We are not alone”. Just look at the many, many TV shows and movies that have been produced to show the UFO mystery expresses our longings for wisdom that might come down from the stars in a new improved to reveal the secrets of life and tells us who we are. The UFO enigma has become an important new addition to our belief system. The visual media has done a terrific job to the masses in creating a made belief reality, just think of how popular “Battlestar Galactica” was and all the young ladies having posters of Richard Hatch & Dirk Benedict on their bedroom walls.
IMHO the real mystery is we do not know who we are. Hell, we don’t know how our heart beats.
Tesla said “If you want to understand the universe think in terms of energy, frequency and vibration”. Our beating heart creates a toroidal shaped electromagnetic field that surrounds the human body. The Earth is also at the center of a torus, so is the solar system and even our galaxy.
Maybe it will serve us well to know more about this wonderful orb we live on and our relationship to it before we embrace what an “alien” tells us who we are. If that happens we are wide open to a massive deception. Sure don’t want a bald headed nine foot tall “visitor” giving earthlings a book titled “To serve man”
Excellent, excellent point. We do not know who we are – and you are right – dealing with the governance system question first and foremost requires us knowing who we are. We need to come to our power. This is primary.