By Catherine Austin Fitts
Theme:
Caveat Emptor and The Milk Bucket – the simple way to understand politics and political debates in America.
Stories:
- China Bubbles
- Saker on Venezuela
- David Stockman’s New Book on the Wall and US Global Strategy/DOD Budget
- Caveat Emptor
- The McCabe Interview & McCabe’s redacted $70,000 Table
- Illinois Pension Schemes – the most clever piratization proposals yet
- Fed on Negative Interest Rates
- Trump Signs Space Directive
- Jedi Wars: DOD requests stay in Jedi contract lawsuit in court of claims
- Meditations at the Crossroads & Solving the Real Problem
Hero:
Call for Prayers for Rob Kirby and A Team
Let’s Go to the Movies
Subscriber Charts Close of February 20, 2019:
Gold seems to be going on a tear recently. Are the wealthy fleeing to it because of the coming recession?
I can’t find the reference but you mentioned someone with an infection in the hospital. Why aren’t they trying intravenous Vitamin C which is shown to resolve sepsis: https://pulmccm.org/critical-care-review/vitamin-c-save-lives-sepsis/
Oh – I left out my question! CT got rid of all it’s counties in 1960(?) and then substituted marshals appointed by committee for elected sheriffs in 2000(?) – I believe Alaska is only other state without sheriffs. On Friday, the State is looking at forced school regionalization. How should residents approach this system – by considering the State of CT as one large county?
S.B. 457, An Act Concerning the Size of School Districts
S.B. 738, An Act Concerning the Creation of Regional School Districts
S.B. 874, An Act Concerning Education Initiatives and Services in Connecticut
Andrea:
Step one would be to read the State Constitution. Tennessee has something called the Blue Book that documents the governing laws https://www.sos.tn.gov/products/division-publications/2017-2018-tennessee-blue-book
I would find the equivalent for CT, read and go from there. I would also make sure I had read the latest General Obligation State Bond prospectus. You should be able to find here https://emma.msrb.org/
Gold seems to be going on a tear recently. Are the wealthy fleeing to it because of the coming recession?
I can’t find the reference but you mentioned someone with an infection in the hospital. Why aren’t they trying intravenous Vitamin C which is shown to resolve sepsis: https://pulmccm.org/critical-care-review/vitamin-c-save-lives-sepsis/
Oh – I left out my question! CT got rid of all it’s counties in 1960(?) and then substituted marshals appointed by committee for elected sheriffs in 2000(?) – I believe Alaska is only other state without sheriffs. On Friday, the State is looking at forced school regionalization. How should residents approach this system – by considering the State of CT as one large county?
S.B. 457, An Act Concerning the Size of School Districts
S.B. 738, An Act Concerning the Creation of Regional School Districts
S.B. 874, An Act Concerning Education Initiatives and Services in Connecticut
Andrea:
Step one would be to read the State Constitution. Tennessee has something called the Blue Book that documents the governing laws https://www.sos.tn.gov/products/division-publications/2017-2018-tennessee-blue-book
I would find the equivalent for CT, read and go from there. I would also make sure I had read the latest General Obligation State Bond prospectus. You should be able to find here https://emma.msrb.org/
YOU HAVE TO WATCH THIS CATHERINE
President Trump Participates in a Signing Ceremony for Space Policy Directive 4
https://www.youtube.com/watch?v=G4NjaI_NvjQ
The challenges of moving space out of the Air Force were too much – so it stays in the Air Force Command.
try watching it in its entirety, he says so much. The White House channel is the best source for an unedited Trump.
YOU HAVE TO WATCH THIS CATHERINE
President Trump Participates in a Signing Ceremony for Space Policy Directive 4
https://www.youtube.com/watch?v=G4NjaI_NvjQ
The challenges of moving space out of the Air Force were too much – so it stays in the Air Force Command.
try watching it in its entirety, he says so much. The White House channel is the best source for an unedited Trump.
Not the first article on pension funds
Illinois may tax private retirement funds to pay public worker pensions.
I am so aware because I’m going through the pension fund reports…
https://finance.yahoo.com/video/illinois-may-tax-private-retirement-164356321.html?fbclid=IwAR0A-sydkGyuFf0k_TVAkOV4k1iH2Z8vIvdk6IHPnzzMOQLvT56zmbyVL1A
The “peak everything” spiral down is underway and accelerating – its everywhere. The states that have been fiscally responsible will be much better places to be.
Catherine, Which states do you consider fiscally reaponsible?
I have found it tracks closely to the pension fund funding –
We covered the state pension fund gaps in the 2017 Annual Wrap Up. Here is the 2016 Study from Pew on State Pension Funding Gaps. https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2018/04/the-state-pension-funding-gap-2016
I have not done a comprehensive underwriting recently. If I did one here are the states that would be considered:
Tennessee
South Dakota
North Dakota
Wisconsin
Nebraska
Idaho
Iowa
Wisconsin
I would review their most recent official statements at the EMMA system at MSRB https://emma.msrb.org/
their consolidated annual financial reports https://en.wikipedia.org/wiki/Comprehensive_annual_financial_report
and the budgets and financial statements at their website
if you have never done a review like this, these will be helpful:
https://home.solari.com/book-review-follow-the-money-a-citizens-guide-to-local-government/
https://home.solari.com/unpacking-your-financial-ecosystem/
Mary:
I would also add – IMO better to live in a financial responsible place with cold weather and migrate south nomad style or offshore for the winter than live in a state with serious fiscal and financial problems. The danger is, of course, that the federal fiscal challenges puts all US citizens and residents at risk no matter when we are.
Catherine
But which states are those? Would love to see a list or to hear you talk about it in a money and markets!
Steve:
We covered the state pension fund gaps in the 2017 Annual Wrap Up. Here is the 2016 Study from Pew on State Pension Funding Gaps. https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2018/04/the-state-pension-funding-gap-2016
Catherine
Also, we are working with Dr. Bingham to do a new version of this for a state – https://home.solari.com/unpacking-your-financial-ecosystem/
NY is screwed. I just finished the NY reports. So Elliot Spitzer wasn’t the bad guy…
Nope. Spitzer really tried.
Not the first article on pension funds
Illinois may tax private retirement funds to pay public worker pensions.
I am so aware because I’m going through the pension fund reports…
https://finance.yahoo.com/video/illinois-may-tax-private-retirement-164356321.html?fbclid=IwAR0A-sydkGyuFf0k_TVAkOV4k1iH2Z8vIvdk6IHPnzzMOQLvT56zmbyVL1A
The “peak everything” spiral down is underway and accelerating – its everywhere. The states that have been fiscally responsible will be much better places to be.
Catherine, Which states do you consider fiscally reaponsible?
I have found it tracks closely to the pension fund funding –
We covered the state pension fund gaps in the 2017 Annual Wrap Up. Here is the 2016 Study from Pew on State Pension Funding Gaps. https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2018/04/the-state-pension-funding-gap-2016
I have not done a comprehensive underwriting recently. If I did one here are the states that would be considered:
Tennessee
South Dakota
North Dakota
Wisconsin
Nebraska
Idaho
Iowa
Wisconsin
I would review their most recent official statements at the EMMA system at MSRB https://emma.msrb.org/
their consolidated annual financial reports https://en.wikipedia.org/wiki/Comprehensive_annual_financial_report
and the budgets and financial statements at their website
if you have never done a review like this, these will be helpful:
https://home.solari.com/book-review-follow-the-money-a-citizens-guide-to-local-government/
https://home.solari.com/unpacking-your-financial-ecosystem/
Mary:
I would also add – IMO better to live in a financial responsible place with cold weather and migrate south nomad style or offshore for the winter than live in a state with serious fiscal and financial problems. The danger is, of course, that the federal fiscal challenges puts all US citizens and residents at risk no matter when we are.
Catherine
But which states are those? Would love to see a list or to hear you talk about it in a money and markets!
Steve:
We covered the state pension fund gaps in the 2017 Annual Wrap Up. Here is the 2016 Study from Pew on State Pension Funding Gaps. https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2018/04/the-state-pension-funding-gap-2016
Catherine
Also, we are working with Dr. Bingham to do a new version of this for a state – https://home.solari.com/unpacking-your-financial-ecosystem/
NY is screwed. I just finished the NY reports. So Elliot Spitzer wasn’t the bad guy…
Nope. Spitzer really tried.
Under the ‘Consider the Source’ category:
Fortune’s World’s Most Admired Companies
1) Apple
2) Amazon
3) Berkshire Hathaway
4) Walt Disney
5) Starbucks
6) Microsoft
7) Alphabet
8) Netflix
9) JPMorgan Chase
10) FedEx
Really? FedEx is a Yes! However, if one ever doubted that propaganda works, look at #1 – #9. Yikes!! Looks like the Who’s Who of the Deep Staters!!
1st Quarter Wrap Up is back to a discussion of ESG and screening business – same issue.