"We all live in the South Bronx because that neighborhood is the unavoidable proof that American civilization can stop. It can stop literally right around the corner, and if it does, nobody can do a thing about it…." ~ Michael Ventura
By Catherine Austin Fitts
This week, I speak with Dr. Mark Skidmore about his investigation into highly unusual Treasury securities patterns in the U.S. Thrift Savings Plan.
According to Wikipedia, the Thrift Savings Plan "is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services. As of December 31, 2018, TSP has approximately 5.5 million participants (of which approximately 3.3 million are actively participating through payroll deductions), and more than $558 billion in assets under management; it is the largest defined contribution plan in the world. The TSP is administered by the Federal Retirement Thrift Investment Board, an independent agency."
If you participate in the Thrift Savings Plan, particularly in the TSP G Fund, you will want to pay attention to this one. If you are a U.S. citizen and taxpayer, you will also want to pay attention. And if you are an investor in U.S. Treasury or related securities, you really want to pay attention as well. The combination of explosive debt and explosive secrecy in U.S. government accounts is cause for serious concern—no doubt reflected in the G7 central banks' approval of the "Going Direct" global reset.
In Let's Go to the Movies, I recommend Bret Weinstein, Heather Heying & the Evergreen Equity Council.
In early 2019 @BretWeinstein made some remarkably prescient remarks at the end of the documentary by @MikeNayna . This well encapsulates the dangers of not merely false but bad philosophy in academia. Just 2 minutes. Full documentary here: https://t.co/SKO9ewrBEj pic.twitter.com/j2uliRBZV0
— Brett Hall (@ToKTeacher) August 4, 2020
There is a direct connnection between the debasement of our finances and language—one we can prevent. Civilization depends on reason, which depends on language. Let’s pay attention.
Please e-mail your questions for Ask Catherine or post them at the Money & Markets commentary here.
Talk to you Thursday!