“Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It’s about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.” ~ Matt Taibbi in 2013
By Catherine Austin Fitts
This week on the Solari Report, Rob Kirby of Kirby Analytics joins me to discuss the role of interest rate swaps in pushing interest rates down and debasing financial markets, the allocation of our money and labor and our society. This exchange will follow up on our discussion of the role of the US Exchange Stabilization Fund in market intervention and covert financial flows.
Rob is a unique figure in the financial world. He traded derivatives with several large financial institutions. Since founding Kirby Analytics, Rob has consistently educated the independent media about the role of derivatives in centralizing political control and draining personal financial wealth. This financial topic is complex and sophisticated, and Rob makes it accessible to all of us.
In Money & Markets this week I will discuss the latest in financial and geopolitical news, including what the French election means to Europe, the future of the Euro, and global financial markets.
In Let’s Go to the Movies, I will review The Eagle, a haunting Danish TV series named after a half-Icelandic half-Danish police officer named Hallgrim Ørn Hallgrimsson, nicknamed “Ørnen” (the eagle). Hallgrim is lead investigator for an international criminal investigative unit focused on cross-border transnational crimes that takes Hallgrim and his colleagues to Norway, Sweden, Denmark, Russia, and Germany, including interactions with American intelligence agents operating in Europe.
Make sure to e-mail or post your questions for Ask Catherine. Talk to you Thursday!