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
Continue reading »
” Needless to say, Obama is gone, Boehner is gone and the 17-month debt ceiling “holiday” that they confected in October 2015 to ride Washington through the election is gone, too. What’s arrived is vicious partisan warfare, a new President who is clueless about the urgency of the debt crisis and a bloc of 50 or so Freedom Caucus Republicans who now rule Washington.” ~ David Stockman, former director of Office of Management and Budget
By Catherine Austin Fitts
Treasury bonds rallied and the stock market slipped last week as the drums of war filled up the airwaves and Alpha males postured around the planet, proving once again that women are not the more emotional of the two sexes.
Up next in the “wall of worry” for the stock market to climb is the reality of the US budget and the debt ceiling on April 28th. Life is about to get even more interesting.
“Just when I thought I was out…they pull me back in.” ~ Michael Corleone, Godfather III
By Catherine Austin Fitts
The question we ask in our 1st Quarter Wrap Up is “Can a new administration preserve a prosperous economy without more debt, crime and war?” The question is steadily being answered with a resounding “No!”
The budget blueprint published by the President in March suggested that everyone would be pleased with more money – both the factions that want to keep the global empire going and the factions that want instead to rebuild American infrastructure and the core US Army – by simply throwing more money at the Department of Defense. The blueprint has no mention of the $11.5 trillion missing from the Department of Defense, including $6.5 trillion missing in fiscal 2015. Apparently, the new administration wants to continue the practice of spending money outside of Constitutional requirements and in violation of the laws related to financial management.
However, this imperial budget leaves no money for health care or, for that matter, for anything else. Expect the actual May budget submission to make for fascinating reading. Please read our 1st Quarter Wrap Up presentation on the Trump administration to understand the important issues – all of which the corporate media ignore.
This week Secretary of State Rex Tillerson reversed his position that Assad could stay, and the President ordered air strikes on Syria, claiming that Assad is responsible for alleged chemical weapons used in an attack on the rebel-held town of Khan Sheikhoun in Idlib Province of Syria on Tuesday.
Steve Bannon was removed from the National Security Council this week. Steve is the guy who helped craft the inaugural message: “We will seek friendship and goodwill with the nations of the world – but we do so with the understanding that it is the right of all nations to put their own interests first. We do not seek to impose our way of life on anyone, but rather to let it shine as an example for everyone to follow.”
Moving onto the National Security Council as Bannon was exiting was Goldman Sachs partner Dina Powell, who had used her Arab heritage and language skills in the Bush administration to help Condoleeza Rice engineer Middle Eastern wars that have killed over 1,000,000 Arabs. Powell’s appointment followed the President’s meeting on Friday with Rice, now a partner in RiceHadleyGates, LLC.
At the same time, the President’s son-in-law Jared Kushner joined Marine General Joseph Dunford, the chairman of the US Joint Chiefs of Staff in meetings with US military advisors in Iraq.
While ordering air strikes against Syria, President Trump described the inhumanity of using chemical weapons on one’s own people. He did not mention how the use of chemical weapons in US-sponsored global spraying, vaccines, and narcotics trafficking likely killed more Americans this week than numbered in any of the various alleged Syrian death counts. Although the use of chemical weapons in Syria, and Assad’s responsibility has not yet been documented or proved, the chemical assault of the American government on its own people has been documented and proven repeatedly. Millions of people voted for Trump in the hope that he would stop US government chemical assaults on the American people.
Events in Syria likely have more to do with the preliminary European approvals of the Israel pipeline with Italy and Greece and the German and Scandinavian approvals of the Nord Stream II pipeline expansion with Russia than with our concern for the rights of the Syrian people. America is still using its post-9/11 strategy to make war on 7 countries as described by General Wesley Clark. With the approval of other pipelines, the feasibility of the Qatar-Turkey pipeline with transit through Syria becomes urgent. This is not just pipeline politics, however. The primacy of the US dollar as reserve currency depends on energy dominance.
However, President Trump would be wise to remember the words of General Colin Powell, “You break it, you own it.”
I will discuss these and other current events this week on Money & Markets. Dr. Joseph Farrell joins me for a discussion of News Trends & Stories for the 1st Quarter Wrap Up. Because we focused on the new administration last week, our focus this week is global markets and geopolitics as well as Science & Technology. We also discuss what inspired us the most these last three months.
Make sure to access the News Trends & Stories section of the 1st Quarter Wrap Up web presentation linked from your subscriber links in this commentary. Post and e-mail your questions for Ask Catherine.
Talk to you Thursday!
If you are not a subscriber, and would like to be, you can join here.
“The butcher on the corner of days gone by would never think of adding sneaky fees; if he did, he would have been run out of town. But satellite-TV firms and cable companies don’t have offices around the corner. To virtually all Americans, these firms are disembodied entities that exist in some virtual reality a world away; we know them only by the slips of irritating paper they mail us once a month indicating that, once again, we own them more than we think we should. Got a problem? Send off a letter to this disembodied entity in Never Never Land, or worse still, call on the telephone, sit on hold for an hour, and talk to someone who quite literally works a world away, at a phone bank somewhere in India. This detached virtual world is every consumer’s reality right now.” ~ Bob Sullivan
By Jason Worth
Gotcha Capitalism, according to the book’s author, Bob Sullivan, represents the latest evolution in capitalist business tactics designed to extract the most profits possible in the form of “sneaky fees.” These are the fees, penalties, undisclosed charges and other heavy-handed ways of taking your money that large banks and corporations have come up with over the years, in essentially a legal (and sometimes not-so-legal) means to pick your pocket.
Mr. Sullivan’s book is not only chock-full of illustrative examples of these new tactics, but he also gives specific advice on what to look for and how to avoid these sneaky fees. For those wishing to contest and fight fees they believe are unfair, he also provides specific advice, in the form of telephone scripts to use when calling sneaky corporations as well as template letters to send when you want to put your concerns and outrage into writing.
Here are things Mr. Sullivan says you should do or look out for, by industry. For more on Bob Sullivan, and to follow his consumer-oriented blog which is updated daily, go to: bobsullivan.net.
(Disclaimer: Much of what is written below is directly quoted from Mr. Sullivan’s book. For the sake of a cleaner presentation, we are not using quotation marks to show what has been quoted, but most of this is directly from the last page or two of each chapter where he summarizes steps you can take.)
Continue reading »