Catherine’s Money & Markets Report: December 5, 2019

By Catherine Austin Fitts

Theme

Preparing for the New Year: Taxes, Regulatory Compliance, Inflation, Infrastructure Woes

Stories:

  • The State of the Dollar
  • Aramco IPO
  • FT: US distressed debt flashes warning sign for investors – More than 200 bonds in junk-rated index are trading at levels implying severe strain
  • Totalitarian Tech: Chinese roll out of facial recognition; Dog robot soldiers open doors and climb stairs in Mass
  • Water, Electricity: The impact to small business and the economy of failing infrastructure
  • Long-Term Deflation Environment with Short Term Inflation of Household Goods
  • Fed Proposes New Rule to Let Inflation Run Hot
  • Frustration with DC Political Furball – nothing is getting done; Pelosi orders Impeachment articles
  • Assault on the Nuremberg Code: Vaccination mandates in Samoa; push in New York for mandates and to end home schooling

Interview:

The Wellness Series: Breathwork with Brigitte Mouchet

Take Action

Best Books for 2019

Christmas Gift Ideas

Year End Tax Planning

Hero:

Gregg Semenza

Let’s Go to the Movies:

Skye Birdsall, Breathing Techniques

Blast from the Past

Winter Wellness

28 Comments

  1. Dear Catherine:

    Perhaps I may have missed your comments on this in the past. Can you please elaborate / speculate on Trump’s involvement in FASB56. When I try to explain it to people they cannot fathom that Trump allowed something like this to pass.

    Thanks

    Mark

    1. Trump is the President. He runs the Executive Branch. The Executive Branch through OMB (his budget office) designed and implemented it. Looks pretty straightforward to me.

      1. Thank you for your answer.. I did not know how the departments were structured under the executive branch.

        Hope you had a wonderful thanksgiving.

        Mark

      2. Please note the day to day manager for the DOD audit, the FASAB implementation at DOD and the JEDI contract was Deputy Secretary Norquist. Based on what happened to the Secretary of the Navy and Mattis, it is pretty clear if Norquist was doing something that Trump did not like, no problem firing them.

  2. Dear Catherine:

    Perhaps I may have missed your comments on this in the past. Can you please elaborate / speculate on Trump’s involvement in FASB56. When I try to explain it to people they cannot fathom that Trump allowed something like this to pass.

    Thanks

    Mark

    1. Trump is the President. He runs the Executive Branch. The Executive Branch through OMB (his budget office) designed and implemented it. Looks pretty straightforward to me.

      1. Thank you for your answer.. I did not know how the departments were structured under the executive branch.

        Hope you had a wonderful thanksgiving.

        Mark

      2. Please note the day to day manager for the DOD audit, the FASAB implementation at DOD and the JEDI contract was Deputy Secretary Norquist. Based on what happened to the Secretary of the Navy and Mattis, it is pretty clear if Norquist was doing something that Trump did not like, no problem firing them.

  3. Catherine,

    I am amazed of Max Kaisers Insight. He must listen to you.

    “All transparency, all sound accounting, all economic policy, rule of law, wealth in income gap all have been obleriated”. To get the S&P up.

    “Plutocrats are buying all the stocks, doesn’t matter what they pay, they’re taking it private”.

    https://www.youtube.com/watch?v=NdsZRyg03HI

    He thinks they’re is a leverage buyout going on.

    1. Yes, Planet Equity is a buyout process. I agree that MOST “transparency, accounting, economic policy, rule of law, wealth in income gap have been obleriated” – however, it is not just to keep the stock market up. It is MUCH MUCH bigger.

  4. Catherine,

    I am amazed of Max Kaisers Insight. He must listen to you.

    “All transparency, all sound accounting, all economic policy, rule of law, wealth in income gap all have been obleriated”. To get the S&P up.

    “Plutocrats are buying all the stocks, doesn’t matter what they pay, they’re taking it private”.

    https://www.youtube.com/watch?v=NdsZRyg03HI

    He thinks they’re is a leverage buyout going on.

    1. Yes, Planet Equity is a buyout process. I agree that MOST “transparency, accounting, economic policy, rule of law, wealth in income gap have been obleriated” – however, it is not just to keep the stock market up. It is MUCH MUCH bigger.

  5. Hi Catherine
    Your USAWatchdog.com interview was great. Your message was perfect.
    So important to get the truth out.

Comments are closed.