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Theme: DOD: What Are We Getting for Our Money?

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Interview: Solution Series: Building Wealth with Catherine Austin Fitts and Ricardo Oskam

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138 Comments

  1. Bank of Anerica was the number 1 bank in the National ‘check washing’ fraud in the US. The criminals stealing the USPS checks were then depositing them via a mobile app. All of the check I had stolen, from 2 different accounts, were deposited into BoA via their mobile app.

  2. Your conversation between 1:00:00 and 1:09:00 – very interesting discussion.

    I would say currency should have intrinsic value again to make it ‘money’. That is the part it does not have. Its paper and digits… no intrinsic value whatsoever. It’s value completely depends on factors outside the control of the average man in the street.

    Where money has intrinsic value like a precious metal, its there part of the money and can’t be manipulated as easily.
    Its also controlled by scarcity.

    I don’t like fiat currency. We’re stuck with it at the moment but my opinion is we don’t require paper and digits, totally manipulated and floating free and unconnected from the actual physical value object, to function.
    Though there would be some road to take to get us back to that.
    Back to reality.

    1. Real the history. Well governed fiat currency works better than any other kind. What we have is NOT WELL GOVERNED Fiat currency. But don’t blame the currency model for the failure of the governance model.

      1. It is not well governed. I completely agree.

        I have and still do read a lot of monetary history and I must say, I’m not really impressed with fiat moneys track record. Because humans are greedy. Each time it starts off well and then eventually ends in, well being worth zero. And the gold seem to accumulate gradually centrally in the pockets of whatever ruler or bankers run the civilisation or country at that time…

        Our current system had good decades behind it (50s -90s) when people who uphold truth and trust were in charge… but I’m afraid that seems to be breaking down slowly in the West. Maybe as a result of our Western governments actively promoting demoralisation of society, and therefore truth and trust.

        But I don’t want a crisis of fiat, I just don’t have any trust in the authorities running the fiat system as they clearly play around with digits and their money printers.

        And the ordinary citizen lose out gradually without even realising what is happening to his hard earned fiat money being worth less with every year that goes by.

        1. Money is just a transaction tool. It reflects the culture and spiritual and intellectual power of the people who use it. So this starts with raising each person to be a person of character. No short cuts. Money system design can influence culture but it can not solve a cultural deficit.

  3. re: WHO do you think you are? James Roguski.

    32:18) QUESTION: The Pandemic Access and Benefit-Sharing System (p.21) Multilateral benefit-sharing – “The parties agree that the benefits, both monetary and non-monetary, arising from facilitating access to pathogens with pandemic potential shall be shared fairly and equitably.”
    Imagine, as Roguski, in fact does, that they plan on making money on the data from the billions of Covid test swabs collected, that it is now viewed as “valuable….” That a market actually exists for “test swab data” as a “product.” All of this being hidden under the guise of the “biodiversity convention.”
    Thus, if a COUNTRY “discovers” a new pathogen, makes it public worldwide, and a COMPANY turns around and creates a booster to “fight” the new pathogen, the COUNTRY can then claim the pathogen to be a “national treasure” – a valuable commodity — and demand “shared equity” in the COMPANY’s profits.
    These parties are not discussing health; they are negotiating profits. They are, in fact, a WORLD TRADE ORGANIZATION.
    QUESTION: So where does the WTO fit into all of this?

    1. I wonder if they got left in the dust when they failed to get the Doha Round implemented.

  4. Catherine,
    On the Italian government’s provision on banks extra profits, as this is a government decree, it must be converted into a law within 60 days by Parliament – it was issued on August 10 – and that’s where the vetting process unfolds. Amendments to the original text have already been announced, and the Italian press suggests this may include that small local banks could be excluded from this provision. In addition, it seems that the original text of the decree suggested a retroactive application of the norm at least in some of its parts, which would not be constitutional according to the Italian legal system. Should Parliament fail to approve the decree within 60 days from its approval by government, it will automatically decay.

  5. It seemed as though Catherine was about to go into RIPPLE and how it might be used in the future, something I am very interested in learning more about. The conversation went into another direction, but I hope you dive into this subject (RIPPLE) again.

  6. Interesting tidbits to keep in mind: here’s a map of the zones of economic opportunity in Maui County. Lahaina is not a zone. However, roughly 50% of the island of Molokai is zoned (part of Maui County).

  7. Interesting happening at the Netherlands: “The Netherlands have agreed to hand over 42 F-16 aircraft to Ukraine” How is this possible?

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