Catherine Austin Fitts on the Breakaway Civilization

Catherine Austin Fitts of joins us to discuss the problem facing us in the wake of the financial coup d’etat — the breakaway civilization who believes themselves to be history’s actors — and the solution, what she calls Rethinking Diversification. We discuss what a decentralized, wealth-building society would look like and what we can do to take the power away from our would-be tyrants.

Success: 80 Percent Of U.S. Adults Face Near-Poverty, Unemployment: Survey

Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.

The findings come as President Barack Obama tries to renew his administration’s emphasis on the economy, saying in recent speeches that his highest priority is to “rebuild ladders of opportunity” and reverse income inequality. …

It’s called economic sabotage. Downturns are when the debt oligarchs really cash in by buying real assets for pennies on the “dollar” from desperate people. The fed has made sure their banker/owners are flush with cash for the feast. Oh and by the way, the fed is the single most culpable institution in our current disaster.  The great depression, which was also caused by the fed according to milton friedman and ben bernanke, vastly concentrated land ownership in this country and forced a mass migration to the cities. But now, fraudulently evicted americans have nowhere else to go.
It’s a shame they still haven’t figured out how to administer monetary and interest rate policy, right? It’s all a big misunderstanding.

Federal Reserve Set the Stage for Foreign Takeover of US Economy

We’ve extensively documented that the Federal Reserve is intentionally locking up bank money so that it is not loaned out to Main Street. Specifically – due to Fed policy – 81.5% of all money created by quantitative easing is sitting there gathering dust in the form of “excess reserves” … instead of being loaned out to help Main Street or the American economy.

And we’ve extensively documented that a large percentage of the bailouts went to foreign banks (and see this and this). (A 2010 Fed audit also revealed that of the $1.25 trillion of mortgage-backed securities the central bank purchased after the housing bubble popped, some $442.7 billion –  more than 35% – were bought from foreign banks.)

It turns out that these themes are all connected.

Specifically, most of the Fed-created money which is gathering dust is actually being held by foreign banks….

So what do you think will happen when/if the economy starts turning around based on some “jobless recovery” ?  All that paper will be invested in the US infrastructure and that infrastructure will become the property of foreign banks or those that “borrow” from them.