By Catherine Austin Fitts

Money makes the world go round. For the trillions of annual dollars transacting through illegal activities, financial fraud or simply transferred illegally or engaged in tax evasion, one of the pivotal mechanisms that makes the system go is “attorney-client privilege.”

I point this out because it is instructive in the education that a very broad based group of Americans are getting in about the nuts and bolts of how fraud is engineered and people like Madoff flourish.

To continue reading Catherine’s commentary on current events subscribe to The Solari Report here. Subscribers can log in to finish reading here.

To understand the system read the European Union lawsuit against RJR Nabisco or read some of my old descriptions of the inter-agency use of lawyers and legal deputies throughout the US government that relate to their private legal counterparties on the operations of various slush funds and black budgets managed under National Security Law. Then, of course, there is the mother of all slush funds, Exchange Stabilization Fund. They all depend on attorney-client privilege.

Remove attorney client privilege and the entire economy would stop dead as the entire train tracks of the covert economy were frozen in legal risk.

So it is not surprising that the Department of Justice was forced to back down in its recent litigation over JP Morgan’s partnership in the Madoff fraud. (see article below) No sense lighting a match that could burn down the whole house.

Related Reading:

A Standoff of Lawyers Veils Madoff’s Ties to JPMorgan Chase

Attorney–Client Privilege

Dillon Read & Co. Inc. and the Aristocracy of Stock Profits – RJR Nabisco