“Come, Watson, come!…The game is afoot. Not a word! Into your clothes and come!” ~ Sherlock Holmes in “The Adventure of the Abbey Grange”
By Catherine Austin Fitts
On April 3, 2017, Israel signed preliminary agreements for a pipeline to Europe, a potential competitor for the Nord Stream pipeline from Russia currently seeking European approvals for an expansion.
The Financial Times described the agreements as follows:
“Israel on Monday [April 3, 2017] formally signalled its ambition to become an exporter of energy to Europe, signing a preliminary agreement with Cyprus, Greece and Italy to pump natural natural gas across the Mediterranean via a planned $6bn-$7bn pipeline…. The [Israeli Energy] minister said he had discussed the plan and other Israeli energy projects with JPMorgan, Morgan Stanley, Goldman Sachs and other banks and that potential investor interest was enough to “pave the way for a very good and speedy project””
On April 4, 2017, the very next day, Syrian President Assad allegedly attacked his own people with chemical weapons in what could only be described as an irrational act of political suicide if true. Retired Congressman Ron Paul gave the chances that Assad was responsible as “zero.”
There were no reports on the impact on the cost of capital or terms and conditions of the $6 billion project financing in negotiation for the Israeli pipeline, or agreements for the proposed Qatar-Turkey pipeline, although the subsequent strengthening in prices in the US Treasury markets as a result of the US response was remarkable.
US President Trump then executed a dazzling series of U-turns in campaign promises and administration policies at high speed with little explanation inspiring global commentators to quip, “Will the real Trump foreign policy please stand up?”
On April 6, Trump ordered 59 Tomahawk missiles fired at Syria (pricetag = $94 million) while the US military moved a small number of additional troops into Syria without Congressional approval. The actions assured the alienation of the groups whose ground forces are defeating or are needed to defeat ISIS.
The order to fire these missiles was given over chocolate cake during a large dinner in Palm Beach with the President, Secretary of State Rex Tillerson, numerous Cabinet officials and white house staff and Xi Jinping, President of China. This order was promoted as a move to demonstrate US resolve to deal with the North Korean nuclear program. The United States would no longer accuse China of currency manipulation and would offer sweeter trade terms if China makes North Korea toe the line.
Trump then ordered a large bomb (pricetag = $314million) dropped on ISIS in Afghanistan, targeted at a cave systems built by the CIA for the groups that evolved into ISIS. At great expense, this bombing created media designed to look like the United States is doing something to rid the world of ISIS.
For the first time since the US presidential election, the corporate media is cooing as if everything is suddenly right with the world again. The White House announced that visitor logs will not be made public during this current administration, returning immense leverage to the traditional Washington press corps.
The attack continues on many members of the administration and media who were instrumental to a Trump victory and the MAGA strategy: Ailes, Flynn, Bannon, O’Reilly, Jones, Adams, Breitbart, Yiannopoulos, and Conway to name a few. Last week the US Department of Justice announced it is preparing an arrest warrant for Julian Assange of Wikileaks. The DNC staffer who was assassinated last year in Washington is, of course, not talking about where Wikileaks got its DNC documents.
So what is happening? Is this pipeline politics and grand chessboard hegemony on the Silk Road? Or is something bigger afoot?
Watch General Wesley Clark describe the memo from Secretary of Defense Donald Rumsfeld immediately after 9-11 to take out seven countries in five years:
Focus on the list of countries to be taken out after 9-11: First Iraq, and then Syria, Lebanon, Libya, Somalia, Sudan and finally Iran. Recent events look like the plan, which to date has taken out two countries in sixteen years, has been resurrected. The estimated cost so far has been $6 trillion, or approximately 30% of official federal US government debt outstanding.
The Saker joins me this Thursday for our quarterly Solari Report on the emerging multipolar world for an in-depth discussion about events in in the Middle East and North Korea and the drumbeats of war:
- Are we engaged in tensions between a series of nation states or are more powerful third parties at hand?
- Has Donald Trump sworn allegiance to reinvigorate the Neocon plan for a unipolar empire? And what does that portend for the new budget to be published next month? With the debt-growth model over and the US debt ceiling hit next Friday, April 28, where will the money come from to both rebuild America and continue the unipolar empire?
- Does a US military effort to bring all nations into the central banking system dovetail with an aggressive war on cash to centralize the global financial system into a one world currency under a totalitarian state?
- With falling margins on natural resources, multinational trade and financial speculation, is war necessary to maintain the western economies?
- How will Russia respond? Are we in danger of a nuclear confrontation?
I asked the question in the 1st Quarter Wrap Up, “Can a new US administration maintain a prosperous economy without more debt, crime and war?” In April, we got the answer – a resounding No! This underscores the importance of greater transparency about global government budgets and policies. Whether to prevent WWIII or to understand our world, we need much better intelligence into the global geopolitical game.
That’s why it is always a pleasure to have a professional military and intelligence analyst like the Saker join me on the Solari Report.
It’s the last week of the month so no Money & Markets. Keep the questions coming for Ask Catherine and I will respond in the first week of May.
Talk to you Thursday!
“’Lockdown’ is what the stock market has been on since mid-February. We’ve got multiple terrorist attacks around the world, we’ve launched a U.S. missile strike on Syria, a battle fleet is headed for the Korean Peninsula, and the stock market just hangs in there.” ~ Jeffrey Saut, Raymond James investment strategist likening the market to The Twilight Zone.
By Catherine Austin Fitts
This is our third and last review of our 1st Quarter Wrap Up.
This week I will review the charts for the 1st quarter and year-to-date performance in the global fixed income, equities and commodities markets.
I don’t believe in trying to predict the future – but I do believe in sound risk management and being prepared. To help you do that, every year we prepare scenarios. I will talk a bit about how to use the scenarios we published in the Annual Wrap Up to help you with your investment strategy as well as family risk management. See my latest post Checklist: Family Risk.
In Money & Markets this week I will discuss the latest in financial and geopolitical news. If you are struggling to keep up, this weekly round up can help.
In Let’s Go to the Movies, I will review Meet John Doe, one of Frank Capra’s movies that reminds us that we don’t need governments to create successful communities and economies. Indeed, we have the power and resources to do it ourselves.
Talk to you Thursday!
By Catherine Austin Fitts
Below is a list of risk issues I prepared for a theoretical family considering a move from a densely populated high cost area in the United States. I will use this as background for our discussion of scenarios for our 1st Quarter 2017 Equity Overview.
- Family of four US citizens
- Two children
- Family members are healthy
- Family lives in large state in a densely populated area
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