“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!
“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!
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“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” ~ The United States Declaration of Independence
By Catherine Austin Fitts
Our theme for the 2017 1st Quarter Wrap Up is “The Clash of Civilizations – Can a new administration preserve a prosperous economy without more debt, crime & war?”
Dr. Farrell joins me this week to discuss our theme. We assess the first 70 days of the Trump administration and the contradictions at the heart of the American economy,
Our web presentation comes complete with —
- Overview of the Washington DC financial ecosystem;
- People and profiles of the new administration;
- A presidential report card for the first 70 days;
- Top accomplishments;
- Top material omissions and stumbles;
- Recommendations; and,
- Links for Solari Report coverage of the Trump administration.
We will discuss the clash of civilizations happening in the Western world- and whether we will permit the destruction of the principles, values and laws that created the Western democracies and are the foundation of our prosperity.
Our goal is to help you see past the “shriek-o-meter” that is distracting the public and to provide you with critical insight regarding the real power and money issues driving events behind the scenes.
The following week, Dr. Farrell joins me again for an in-depth review of News Trends and Stories. Check out the web presentation for a listing of the top trends and links for the top stories of the first three months of 2017.
In the third week, I will present the 1st Quarter Equity Overview combined with our quarterly Rambus Chartology. Check out the web presentation for the fixed income, equity and commodities charts as of the end of the 1st Quarter.
For Let’s Go to the Movies, I will review Zero Days, a documentary about the creation and propagation of the Stuxnet computer virus. The film addresses the vulnerabilities of energy and industrial systems to cyber attack, the joint US- Israeli effort to target the Iranian nuclear industry and the development of the US Cyber Command – a new military front in the propagation of global digital violence. If you have ever questioned my statement that digital systems have zero integrity, Zero Days will help you understand one of the reasons why.
Please e-mail or post your questions for Ask Catherine.
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