Catherine Austin Fitts: Greed And Incompetent Leadership Will Soon Crash The Economy

Catherine Austin Fitts in her latest interview said that the current level of incompetence combined with the greed of crony capitalism forces her to conclude we will have a major financial meltdown by the end of next year.

Previously, she had told Greg Hunter that the Powers That Be stole $40 trillion from us and that they would steal tens of trillions more before the Dollar Died. In the past she always said that TPTB would manage to hold things together while they looted the American economy. She has said they have stolen money by the hundreds of billions every year from American taxpayers. Catherine called this massive theft the Slow Burn. Other economists were worried about predicting the year when the Dollar Died but not her. She sees the coming collapse as the result of the incompetent management of our banking and Treasury officials.

She has said that before George W Bush became President she decided to meet clandestinely with a man who also managed large funds. Catherine Austin Fitts had been the Managing Partner at Dillon Read Investment Bank before she became Housing Secretary in the first Bush administration. She had concluded that so much money had been stolen from pension funds that TPTB must be planning genocide rather than to make restitution  for the retirement funds of tens of millions of Americans they had pilfered. She met her friend who had a similar financial background to discuss these disturbing facts. He agreed with her interpretation of events. Genocide of Americans was definitely on the agenda.

But she is optimistic about the future. If we avoid war, there are 7 billion people outside America who will wake up after the economic collapse wanting to go to work. America has had the ability to print the world’s only international reserve currency. This has allowed Americans to buy things for free from foreigners. It has also allowed Wall Street to fund their imperial wars and to have occupying military bases in nearly 150 countries. The US spends almost a trillion dollars a year on war if you count supplemental appropriations, retirement and veterans healthcare. That is to be compared to Russia which spends $52 billion a year on defense.

Catherine is aware of the banks and drug running. She wrote Narco Dollars for Beginners years ago. She analyzed the buyout of R J Reynolds tobacco company by Kohlberg, Kravis and Roberts. She noted that the terms made no sense for the buyer until you factored in the enormous profits to be made from laundering illegal drugs and weapons money. If you wanted to make an illegal weapons or drug sale or to get money to terrorists, you could buy a few truck loads of cigarettes which could be sold on the black market anywhere for local currency. There is so much drug money in circulation that we need to account for it in our economic models. Recently, I wrote of the secret Black Ops slush fund that bought a trillion dollars in US Treasury bonds over the past year from Central Banks who had begun Dumping Dollars.

She says we will have to re-engineer our budget but we should do that honestly by first acknowledging the theft of tens of trillions of dollars from taxpayers. Otherwise you would have to balance the budget on the backs of the people who had been robbed by TPTB. She said the Debt-Growth Game is over. We need Openness to overcome Secrecy. Large corporations and Banks have been given Free Money while small businesses have a cost of capital 30 times as great as J P Morgan and Goldman Sachs. To get back to productivity we have to bring down the whole edifice of Secrecy and Privilege.

The problem with the United States economy is that the Elite are free to kill and steal. She sees the Democratic triumvirate of Bill Gates, Warren Buffett and Hillary Clinton as the standard bearers of crime and corruption in government. But the same Crony Capitalism runs the Republican party except for Trump. She views Sanders positively.

She sees Trump’s appeal to those reject both vaccines and Common Core and the harm they do to our children. Trump and Sanders both appeal to those who adamantly reject Crony Capitalism. We will not survive as a people if the TPTB remain in power. She wants nothing to do with the software Bill Gates provides us with backdoors for the NSA and interested hackers.

Catherine emphasized that the General Public supports the Central Bank Warfare model as long as they can pretend they are not responsible for it. The Petrodollar is dying. It is the Narco Dollar and illegal weapons sales that prop up the American banks.

She described the ideal for TPTB as Free Range Totalitarianism as opposed to FEMA Camps and martial law. An economic meltdown would be very bad for the current leadership. We can have a peaceful transition to a New Economy if we have the right people running the government.

She sees TPTB as being very afraid for their future. She sees decentralization as the solution. Catherine often remarks that we have over 3,100 counties in the US. We need to allow the counties to get more control over the federal budget. When she was at the Housing Dept, she saw that homes could be remodeled for $50,000 while the government was spending $250,000 per unit for public housing. She discussed this with others in Washington but their attitude was that the Housing Dept was there to generate fees for their campaign donors.

She is hopeful for the future if we can re-engineer the government.

When an economy crashes, Unpayable Debts are cancelled en masse. There are 3 ways to cancel Unpayable Debts. The first two are very painful. In 1923 Germany they tried Hyperinflation. In 1933 America we tried default through bankruptcy and foreclosure. 3 million Americans starved to death in the Great Depression. There is a better way. The Babylonians and the Sumerians before them cancelled debts through government action. The Bible writers called this the Jubilee. When we re-engineer the government, we will need a modern version of a Jubilee. Please consider this:

Debt Cancellation Is The Best Way To Take Down Bilderberg

I have been following the works of Catherine Austin Fitts for more than a decade.If you want to read more about her, please consider this:

The Essential Catherine Austin Fitts Reader

When we re-engineer the government, we will need to replace our banking and monetary system. Two IMF economists looked at a plan first suggested in 1933 and found it would work very well. I wrote about that here:

IMF Economists: ‘We Were Wrong.’ Will Someone Please Tell The Press And The Politicians.

I mentioned that secret US Black Ops slush fund that used drug money profits to buy a trillion dollars in American Treasury bonds over the past year. You can read about that here:

America’s Secret Multi-Trillion Dollar Black Ops Slush Fund

This is the video interview with Catherine.

About horse237

I have decided to share two of the visions I had as a child. When I was eight, I had a vision of a future war that killed 99.5% of the world's population. When I was 16 and living in the projects, I had a vision of my future. I was to live in complete obscurity until it came time to stop WW III. When I was about ten, I had read a bio of Nikita Khrushchev which said he survived Stalin by playing the bumbling fool an old Russian peasant trick. I decided to do the same as I had already learned that we did not live in a democracy. The other vision I had when I was in third grade was of the Mind of God and how it interacted in the creation of the world we see. I believe you and I were born at this time precisely so we would have an opportunity to stop this war. As for my personal info, I grew up on military bases and in housing projects. My legs atrophied from starvation as a child. My second step-father died in prison. I used to have to rub my skin to simulate human contact. They did not feed me when I was a child. I do not fight in their wars as an adult.
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15 Responses to Catherine Austin Fitts: Greed And Incompetent Leadership Will Soon Crash The Economy

  1. Pingback: Catherine Austin Fitts: Greed And Incompetent Leadership Will Soon Crash The Economy | From the Trenches World Report

  2. Pingback: Catherine Austin Fitts: Greed And Incompetent Leadership Will Soon Crash The Economy | Talesfromthelou

  3. jintampa says:

    Good morning horse 237,
    This woman is awesome. Now let me get this straight, SHE is predicting the meltdown to occur in 2017 AFTER the election, correct? I know that I have asked you this question before, but I can’t find your response: what does she think will happen to our savings accounts and retirement accounts when the meltdown occurs?
    Also, can you please provide documentation about what the Donald said about his handling of the new investigation of the horrific 9/11 attack when he becomes President? As you know, this is the litmus test for me to encourage me to vote for the Donald.
    Thanks in advance for your help in this matter.

    • horse237 says:

      She said either before or after the election. She thinks their incompetence will allow the the whole thing to unravel. That incompetence makes an exact date unpredictable.

      Donald Trump appointed Katrina to be his national spokeswoman after she questioned 911 as an Inside Job.
      Roger Stone has been doing a lot on 911. He is behind Trump asking for the missing 28 pages. That is the limit of all he can do during a campaign.

      The FED is planning to seize money from your account to pay off the bank’s losses. Inflation will take the rest.

      • jintampa says:

        Thanks, great. As I have previously stated: we will be penniless and living on the streets or in the camps or worse with all those hollow points now in the wrong hands. Just a thought.

  4. horse237 says:

    Not necessarily. If people figure out who the enemy is, the conflict will not last long. They be few. We be many.

    • jintampa says:

      I hope you’re right because when I try talking to people that I thought would be receptive, they don’t want to hear it and I just drop it. What they read in the paper and see on TV is the gospel truth in their minds.

  5. Jim Sealy says:

    It is gospel until the facts and reality hit them in the face! I have said that if the masses don’t wake up, and they put the wrong people in office again, sooner or later, there will be a massive armed insurrection. That will be ONLY way we will bee able to take back our country! PERIOD! As much as I hate to have to say it but someone better start warning the Establishment or all bets are off!

    • horse237 says:

      I think that the Establishment has decided to kill Trump. That is what all the hate Trump protests are about. It is all part of a plot for a wider Race War timed to be stirred up around the time the Dollar Dies.

  6. jintampa says:

    You convinced me to vote in today’s primary for Trump. I’ll dust off my voter card and head out this afternoon to cast my vote. Mind you, I haven’t voted in a long time. I sure hope the Donald has good security to keep him safe.

    • horse237 says:

      Remember that the Secret Service helped kill JFK. Go to YouTube and type in JFK Secret Service if you have not already seen it.

      • jintampa says:

        I voted for Trump at lunch time and there were only 3 people there plus the staff but as I was leaving more people were coming in. No Trump yard signs and only a couple of Rubio signs were visible. Cops out in full force and I had a false alarm at my house and I thought I cancelled it on the keypad but within 3 minutes, they were banging on my door and sneered at me very suspiciously.

  7. Pingback: Greed And Incompetent Leadership Will Soon Crash The Economy #VoteforTrump

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