“A trade war would be a disaster for the world. It’s very easy to slip into a trade war.” ~Jack Ma
By Catherine Austin FItts
The “Countering America’s Adversaries Through Sanctions Act” rocketed through the US Congress at record speed in July, imposing sanctions on Iran, North Korea, and Russia. Faced with a veto override, an unhappy President Trump signed it into law on August 2, 2017.
The response was swift. EU President Jean-Claude Juncker threatened retaliation. The German Minister for Economics and Energy, Brigitte Zypries, declared the sanctions illegal and urged the EU to take counter-measures. Russian Prime Minister Dmitry Medvedev announced that the law had ended the possibility of improving U.S.–Russian relations and signaled “an all-out trade war with Russia.”
What happened to the US policy of maintaining global balance by preventing a close alliance between Germany, Russia, and China? The policy appears set in reverse now, to ensure an escalating trade war. One alleged FBI whistleblower recently said of Mrs Clinton’s desire for war with Russia, “She wants war with Russia because that is what her donations bought.”
Has the entire US Congress been bought minus the two senators and three congressman who voted against the Sanctions Act? Can the bankers and the military-industrial complex order a war with their control files and campaign contributions the way you and I order take-out pizzas? It would appear so.
To help answer that question, I invited former Georgia Congressman, Dr. Cynthia McKinney, to return to the Solari Report to discuss the Sanctions Act and the unprecedented process that it was passed into law. This Thursday we will also publish to the public Dr. McKinney’s extraordinary interview on the US Constitution in the 2nd Quarter Wrap Up as well as my discussion on how we might organize to enforce it.
In Let’s Go to the Movies, I encourage you to watch Charles Ferguson’s “No End in Sight” on America’s first two years of occupation in Iraq and the intentional engineering of the country’s descent into lawlessness and guerilla warfare. In many conversations in recent months, I find myself recommending this documentary to Americans who do not yet understand how regime change often brings intentional and systematic destruction of civilization.
In Money & Markets, I will review the high pressure on the US Congress given their heavy calendar in the fall – the debt limit, a new budget and tax reform. All of these issues are experiencing the financials pressures resulting from the unprecedented disappearance of US government monies.
Make sure to post or e-mail your questions for Ask Catherine!
Talk to you Thursday!
The Flipbook and PDF of the 2017 2nd Quarter Wrap Up is now available to Solari Report Subscribers!
If you are not Subscribed to the Solari Report and would like to learn more click here!
From the transcript:
Twenty years ago, I made a decision. I had to choose between my wealth and social position and my core principles. I had to decide which was more important to me – to remain a member of the establishment or to refuse to be a party to genocide; to choose individual sovereignty or high-paid slavery. I think of that decision often these days as I watch the American people individually and collectively approach a similar decision point.
I made my choice early. Now, everyone who has not made that choice will be forced to make it. The middle of the road is disappearing. Each of us will have to choose and, hopefully, defend our individual sovereignty and the sovereignty and rights of those around us. The alternative is to watch our federal government and our military engage in an acceleration of global war and profiteering. The private companies and investors who currently exercise control over our government are using it to operate violently and above the law. Global surveillance and the ability to murder with impunity is the real source of inequality.Our risks of high-tech slavery, poverty, or death are rising as state and local governments write down pension funds and write off essential services such as functioning water and sewer systems.
“For the United States to be a prosperous country, it must have strong cities, towns and neighborhoods. Enduring prosperity for our communities cannot be artificially created from the outside but must be built from within, incrementally over time.” ~ Strong Town Mission Statement
By Catherine Austin Fitts
One of the most inspiring things to happen to me over the last year was discovering Chuck Marohn and his team at Strong Towns. Chuck was a successful engineer working with municipalities, who in turn discovered and exposed what he calls the “Growth Ponzi Scheme” – significant public investment that harms local economies. He created Strong Towns to inspire a new conversation about how we plan and organize our investment to produce strong towns enjoying enduring prosperity.
This week on the Solari Report, Chuck joins me to discuss what has happened as Strong Towns leads conversations around America – town by town – about reinventing resource allocation at the local level. This is conversation is both hopeful and inspiring – a reminder that real solutions are available when the group intelligence gathers and goes to work.
Our global society has used central banks – both fiat currency and the global bond and derivative markets – to create massive investment in public projects that often have a negative return on investment. That investment has generated hundreds of billions in “fees for our friends,” fueling a rising stock market and political contributions to politicians who keep the bond deals and construction misallocation going. In the process, local communities have allowed ourselves to be “bought” by government money that ultimately bankrupts them as well as the rest of us.
In Let’s Go to the Movies, I will review Ric Burn’s New York: A Documentary Film. Long and rich, the series does a remarkable job of making Marohn’s case that large public investment can do significant harm to local economies. The documentary covers the harm done to New York’s small business economy by large public projects that contributed to New York’s famous fiscal crisis, requiring federal intervention to prevent bond defaults in 1975. It also highlights Jane Jacobs remarkable contribution to stopping new highways in Manhattan and to our understanding of cities and their contribution to the wealth of nations.
In Money & Markets this week I will discuss the latest in financial and geopolitical news. Please make sure to post or e-mail your questions for Ask Catherine.
Talk to you Thursday!
“Amazon only has about 100 distribution centers in the US. This will bring it to 560….About 90 percent of Amazon Prime shoppers live within 10 miles of a Whole Foods store, and that’s also a big plus.” ~Phil Lempert on Amazon’s acquisition of Whole Foods
By Catherine Austin Fitts
This week on The Solari Report, Harry Blazer joins me to discuss the most significant acquisition of 2017 to date – Amazon’s purchase of Whole Foods for $13.7 billion.
Harry built the largest fresh food market in the country and sold it to Whole Foods in 2001. Since then he has served as a fresh food consultant to many of the top grocers in North America and Europe. No one else is better positioned to help us understand this acquisition and what it means to the ferocious competition for the US food and grocery market.
Harry and I cover this deal from many aspects – the grocery industry, the shift of retail markets on line, part of what I call the shift from Global 2.0 to 3.0, the impact on the politics of GMO and GMO labeling, the impact on state and local government and the postal service, on entrepreneurs and small business, investors and, of course, on you and me.
Our last annual wrap up published in January The Global Harvest and What it Means to Investors is excellent background for understanding what is happening in the race to “own” what we eat.
In Money & Markets this week I will discuss the latest in financial and geopolitical news, including the dangerous developments in Congressional approved sanctions and what it signals regarding the loss of US sovereignty, the health care melt down and the President’s latest appointments.
In Let’s Go to the Movies, I will review “Goldman Sachs – Power and Peril,” CNBC’s 2010 investigation of Goldman Sachs. Goldman continues to be in the news. It is the investment bank representing Amazon on the Whole Foods purchase while the White House hires yet another Goldman alum, communications director Anthony Scarammuci.
Talk to you Thursday!
The Solari Food Series: