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Robbing Banks with Blowtorches: Safety Deposit Boxes Are Not So Safe
Newsweek | 26 July 2016
Similarities to other recent…
Global Central Banks Are All-In: QE Running At Record $180 Billion Per Month (And Rising)
David Stockman’s Corner | 27 July 2016
Homeownership in the US has never been Lower
BI | 28 July 2016
Data is at odds…
Deutsche Bank Profit Plunges 98% And The Worst Is Yet To Come
Zero Hedge | 27 July 2016
Unable to benefit from its strength in…
Japan to Double Direct Spending in Stimulus Package: Nikkei
Reuters | 26 July 2016
Small- and medium…
America’s Gas Glut Could Send Prices Even Lower
CNN Money | 25 July 2016
Highest level for…
“An Extraordinary Development”: Record Swiss Gold Flow Into The United States
Zero Hedge | 26 July 2016
Huge trend change…
Lawrie Williams: June Swiss Gold Statistics Highlight Continuing Reverse Gold Flows
Sharps Pixley | 25 July 2016
Hillary Clinton Makes History Accepting Democratic Nomination
ABC News | 28 July 2016
Bernie, your campaign…
Transcript: Hillary Clinton’s Democratic National Convention speech, annotated
LA Times | 28 July 2016
The French are Dragging Christine Lagarde into Court, while We Watch Philip Green Quite Literally Sail Away in his Yacht
Independent | 28 July 2016
Tab will be picked up…
“Get Money Out of Politics”: DNC Emails Reveal a Corrupt and Unreformable Party and System
Global Research | 27 July 2016
The Real Secret of the South China Sea
The Saker | 27 July 2016
No less than the future of…
Judge Napolitano: What If The Fix Was In For Hillary At The Obama Justice Department?
Informed American | 26 July 2016
Secret war in Libya…
Gestapo In The USA: FCC Intimidates Press and Kills Free Speech at 5G Rollout
Take Back Your Power | 18 July 2016
YouTube | 26 July 2016
Very infrastructure intensive…generate tens of…
Amazon.com Announces Second Quarter Sales up 31% to $30.4 Billion
BW | 28 July 2016
Amazon Reaches New high of 268,900 Employees — Skyrocketing 47% in Just One Year
Geek Wire | 28 July 2016
Amazon Smashes Expectations As Cloud Profits Soar; Stock Dips Then Jumps
Zero Hedge | 28 July 2016
Amazon Gets Go-ahead from UK to Test its Drone Delivery in Suburb and Rural Areas
IB Times | 26 July 2016
Monsanto’s Dark Act Ready for Obama’s Signature
Jon Rappoport | 19 July 2016
Staking out territory…
YouTube | 26 July 2016
To grow your…
The Doctor’s Balls By Diana Gabaldon, Ph.D., D.H.L.
Facebook | 27 July 2016
(Seeking non-Facebook) Yesterday at 4:29…Dr. Who…
$5 Million in Cash, Valuables Stolen in Brooklyn and Queens Bank Robbery Streak; Torch Used to Burn through Roofs, Vaults
NY Daily | 26 July 2016
HSBC Bank branch in…
Millennials Are Doomed to Face an Existential Crisis That Will Define the Rest of Their Lives
Mauldin Economics | 23 June 2016
Neil Howe and William Strauss took…
Paul Greengrass on Matt Damon and making it big in Hollywood
Next FT | 21 July 2016
Kind that needs an…
Failed Turkey Coup: Why Russia Warned Erdogan Ahead of Time
Sott | 21 July 2016
Iceland Rises from the Ashes of 2008 Financial Meltdown
RT | 21 July 2016
10 percent of the population…
The Fall of Roger Ailes
Yahoo Finance | 22 July 2016
Democrats knew they must guard…
Warren Buffett Dishes on Secret CEO Meeting
CNBC | 21 July 2016
Central Banks must Realise the Last Thing We Need is Nationalisation by the Back Door
Telegraph | 20 July 2016
Bonds in all those…
Fewer People Are Starting Their Own Businesses
Time | 19 July 2016
First time in four…
S&P Cuts Deutsche Bank Outlook To Negative On “Challenging Operating Conditions”
Zero Hedge | 19 July 2016
Len McCluskey: Intelligence Services Using ‘Dark Practices’ against Corbyn
Guardian | 22 July 2016
Rape threats, death threats and…
Koch Brothers Now Supporting “Often Confused” Hillary Clinton
Zero Hedge | 23 July 2016
Dems Vote Down Push to Abolish Superdelegates
The Hill | 23 July 2016
Effort to abolish…
Beloved DNC Staffer Seth Rich Shot Dead in the Back in DC, Just Hours After Calling For Dallas Unity; Conspiracy Theories Abound
Heatst | 12 July 2016
Wikileaks Hits DNC Ahead of Convention, Competes with Kaine VP Nomination
CNBC | 23 July 2016
Yet Another Perspective on the Coup in Turkey: The Drugs Connection
Giz Death Star | 23 July 2016
Kelly Evans of CNBC Explains: Why I Quit Social Media
CNBC | 21 July 2016
Space Commercialization and Weaponization: That “Little”…
Giza Death Star | 21 July 2016
Eternal light, up for…
Feds Release ‘Smart Gun’ Requirements Outline
Guns America | 21 July 2016
YouTube | 21 July 2016
Finally shared video…
What Is a ‘Heat Dome’? Everything You Need to Know
NBC News | 21 July 2016
Quickly become dangerous…
Health Lessons from the Amish, Mennonites and Other Plain People
Vaccine Reaction | 21 July 2016
Cancer Rates are Low in…
Obamacare-Created Insurers Take the Feds to Court
Governing | 19 July 2016
Aren’t going down without a…
63% of Health Insurers Were Unprofitable in First Full Year of Obamacare Reforms
Free Beacon | 21 July 2016
Natural Health 365 | 04 July 2016
Revealed by whistleblower…
Alzheimer’s Breakthrough: Vaccine Developed by Australian and US Researchers may Reverse Dementia and Alzheimer’s
IB Times | 13 July 2016
Targets tau proteins and…
“Alan Greenspan, former chairman of the Federal Reserve, said the global economy’s inability to produce goods and services efficiently is going to cripple the ability to pay for pensions and health programs for the elderly. “We have a global problem of a shortage in productivity growth, and it is not only the United States but it is pretty much around the world.” ~ Alan Greenspan’s newest round of lies about the financial coup d’etat as reported by Fox News
By Catherine Austin Fitts
Productivity growth is indeed slowing. Two essential questions about this problem are why and what can be done about it.
One reason why is that productivity growth has been focused on making our military industrial complex more powerful, our corporate production more efficient and some investors richer, while ignoring the various economic steroids used to generate that increase in “productivity”: destruction of the natural environment, explosions in personal and government debt and debasement of our civic and cultural life and institutions. We are calculating output while ignoring what is happening in the planetary balance sheet.
Official calculations of productivity growth also ignore the enormous sums of money, time, and energy being spent to control and destroy human productivity systematically – from the tactics of surveillance and disaster capitalism to “divide and conquer politics.” And let’s not forget the $40 trillion disappearing in the financial coup d’etat ending in the bailouts, more than $1 trillion spent annually on military and weaponry, as well as the explosion of prisons and funding for police states.
Nor is “productivity growth” necessarily shared with the people who create it. Since 1948, while productivity growth in America has increased by 254%, labor hourly compensation has increased by merely 113% having essentially flat-lined since 1973.
Growth of Real Hourly Compensation for Production and Nonsupervisory Workers Versus Productivity (1948–2011)
Is there human incentive to increase corporate productivity? There is not, because increasingly too many large institutions and businesses have a negative total economic return. At the heart of the matter – (1) we need to realign “return to shareholders” with “total economic return” in a manner that produces significantly more wealth. And (2) we need government finances to respect the laws and regulations related to financial management. Indeed, we have no choice now that the debt growth model is finished. We can’t use more government debt to fund corruption and the externalities of unsustainable behavior.
For the 2nd Quarter Wrap Up, Productivity, Prosperity & the Popsicle Index, I will review the existing discussion about stalling productivity growth. I will discuss how it relates to growing inequality, the insufficiency of retirement systems, and the explosive changes underway as a result of robotics and artificial intelligence.
There are solutions, but they all require a clear picture of where we are now and our possible futures. Which means we need a way to see through and to reject the disinformation that corporate media and special interests are spinning.
I will post my audio discussion from Zurich, Switzerland on Thursday. We will publish the written discussion in the Second Quarter Web Presentation in August after my return to the States.
Whether you are one of those people who wants to “Make America Great Again,” or you live half way around the world from the United States and you want to make your town or country great too, this presentation has critical information to help your vision come true.
There is no Money & Markets this week. Post and e-mail your questions and I will make sure to answer them in the first week of August.
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“To truly know the world, look deeply within your own being; to truly know yourself, take real interest in the world.” ~ Rudolf Steiner
By Catherine Austin Fitts
I just spent three fascinating hours over lunch today here in Zurich with Thomas Meyer, publisher of Perseus Publishing in Basel Switzerland.
Perseus has an extensive list of books on Rudolf Steiner and Anthroposophy. Here is a link to their collection available in English. Perseus also publishes a monthly magazine, The Present Age, dedicated to the advancement of Spiritual Science.
I was first inspired to read Rudolf Steiner’s works by my good friends Christopher and Martina Mann, who founded the Michael Fields Agricultural Institute in East Troy Wisconsin. The Institute has helped to spread biodynamic farming in the United States. The challenge was that Steiner’s complete works are extensive – where to find the time to read so much?
That problem was solved by Ann Watson of Salt Spring Island in British Columbia, who loves to read Steiner and offered to read to me as I drove across America. I have sped across thousands of miles of American interstates in the moonlight accompanied by Ann and her dramatic readings of Steiner’s lectures.
Ann is a great admirer of Thomas Meyer and has insisted for years that we should meet. As I am back in Switzerland, meet we did. What a memorable occasion! Thomas is a remarkable human – teacher, intellect, student and lover of life. It was like having lunch with a living library. I am glad I did not have an appointment following because we talked half the afternoon away.
I am hoping to have Thomas on the Solari Report this fall to help our subscribers learn more about Steiner and how Steiner’s teachings can help us successfully navigate the world today. So stay tuned!
And compliments to the marvelous staff at the Quaglinos Cafe at Hotel Europe. Nothing supports superb conversation like a beautiful cafe with fine cuisine!
“Don’t worry if there is a conspiracy. If you are not in a conspiracy, then you need to start one.” ~ Solari Report motto
By Catherine Austin Fitts
We conspired over lunch in the outdoor cafe. The sun was so strong, I bought black bowlers in the Museum store. We looked quite charming!
Then we went indoors and conspired for a few hours more until I had to return to the airport to fly back to Zurich.
The discussions were serious, inspiring, heated, interspersed with negotiations for what’s next. They shall remain confidential. The proof, however, is in the pudding. So let’s see what juicy events unfold as a result…
A tip of the hat to the great city of Amsterdam!
Recommended Place to Visit
A US-developed weapon system that strikes the atmosphere with a focussed electromagnetic beam may cause global warming, the government today said and acknowledged that climate change is likely to reduce the yield of major crops like wheat and maize in India.
“The US has developed a type of weapon called High Frequency Active Auroral Research Programme. HAARP strikes the upper atmosphere with a focussed and steerable electromagnetic beam,” Environment Minister Anil Madhav Dave told the Rajya Sabha in a written reply.
“Music is a moral law. It gives soul to the universe, wings to the mind, flight to the imagination, and charm and gaiety to life and to everything.” ~ Plato
By Catherine Austin Fitts
Bregenz is on the Western side of Austria, on Lake Constance, a lake on the Rhine which is the third largest fresh water lake in Central Europe. Austria, Germany and Switzerland meet here at the foot of the Alps.
The Bregenz Festival was founded in 1946. It is a performing arts festival held every July and August. The Festival is famous for its Seebühne (or floating stage), with a 7,000 seat open-air amphitheatre which is the location for large-scale opera or musical performances on a stage over water on the shores of Lake Constance.
During April and May 2008, scenes for the James Bond film Quantum of Solace were filmed on the Seebühne during a performance of Tosca.
On the invitation of Ulrike Granögger of the Academy of Future Science who teaches, among other things, the Pistis Sophia, I came to Lake Constance to attend Puccini’s magnificent opera Turnadot at this years festival.
The production on Friday evening played to a packed house. We sat down at sunset.
“I still believe the following: 1) that we did not then, and do not today, have the necessary conditions to say that today’s world has a bubble in any of the most important asset classes; 2) that we are unlikely, given the beliefs and practices of the U.S. Fed, to end this cycle without a bubble in the U.S. equity market or, perish the thought, in a repeat of the U.S. housing bubble; 3) the threshold for a bubble level for the U.S. market is about 2300 on the S&P 500, about 10% above current levels, and would normally require a substantially more bullish tone on the part of both individual and institutional investors; 4) it continues to seem unlikely to me that this current equity cycle will top out before the election and perhaps it will last considerably longer; and 5) the U.S. housing market, although well below 2006 highs, is nonetheless approaching a one and one half-sigma level based on its previous history.” ~ Jeremy Grantham, May 2016
By Catherine Austin Fitts
In last week’s Solari Report, I reviewed the latest Blockbuster Chartology from Rambus and the importance of the Shanghai markets, which were at an important technical line on the wedge that Rambus drew. If the Chinese markets manage to give a bullish signal over the next month, it would argue strongly for more bull market ahead for both US and global equities as well as precious metals.
Whatever happens to China, however, the signs are clear – the US equity bull market remains intact.
Here are Friday’s charts:
CAF Note: Tonight I see Turandot performed at the Bregenz Festival! Turnadot is my favorite opera – I am thrilled to have this opportunity!
Nothing on The Solari Report should be taken as individual investment advice. Anyone seeking investment advice for his or her personal financial situation is advised to seek out a qualified advisor or advisors and provide as much information as possible to the advisor in order that such advisor can take into account all relevant circumstances, objectives, and risks before rendering an opinion as to the appropriate investment strategy.
© Solari 2012