Sunday, July 17, 2016
Greg Hunter, "Catherine Austin Fitts-The Debt Game Is Over"
"Catherine Austin Fitts-The Debt Game Is Over"
By Greg Hunter’s USAWatchdog.com
"Financial expert and former Assistant Secretary of Housing, Catherine Austin Fitts, says the U.S. government’s actions with Hillary Clinton means it is more lawless than ever. Fitts explains, “The entire country now looks like Arkansas, we’ve all turned into Mena, Arkansas, now. It’s pretty tragic. I have watched for two decades while 80% of the federal budget and federal credit has been run outside the Constitution and the laws related to financial management. I have never seen anything as blatant and outrageous as Loretta Lynch, prior to Hillary Clinton’s interview with the FBI, meeting with her disbarred husband, who is either the husband of or the target of a criminal investigation, and basically briefing him, I am assuming and what I believe on what Hillary needs to know, so she can skate the (FBI) interview. What the President, Lynch and Comey don’t want is the investigative team recommending to indict. If you know anything about civil or criminal procedures, this is so beyond the law. This is so over the top that I have never seen anything more outrageous. It’s beginning to look like Mena, Arkansas, during the Mena drug running.”
Fitts says the corrupt way they handled Ms. Clinton is how they are handling the business of the federal government. Fitts contends, “We know the entire financial infrastructure of the government has been run as a criminal enterprise for quite some time. The government engineered the pump and dump housing market. The government was the one that let JP Morgan Chase skate on Madoff and many, many other situations. Yes, the government is being run outside of the laws related to money. That requires a double standard and a parallel universe between what you say you are doing and what you are really doing. The actual governance system is different than what the official story is, and that is the problem that you are seeing in every administration since the death of (President) Kennedy. Kennedy wasn’t doing what ‘Mr. Global’ wanted, so he was assassinated. This is now a very, very deep problem. We are financially dependent on organized crime cash flows as an economy. The citizens are going to have to make up their mind if are they going to tolerate this level of corruption or not.”
On the economy crashing this year, Fitts says, “Could we turn into a bear market? I think given the commitment to equity markets and given the willingness to debase the currency, I think the chances of that are relatively small this year. Next year, depending on what happens in the election, the gloves are going to come off globally about what’s been going on in the U.S. Anything could happen. That’s the danger if you are an investment advisor or an investor. The swings here is we could be up 30%, or we could be down 50%. A black swan could happen, so if you are an investor, you need to be prepared for very, very wide swings both up and down in prices in the equity markets. Here’s the important thing to remember. We now have $12 trillion sitting in negative interest rates. Where’s all that money going to go? It can’t sit there getting nothing. It will have to go into real estate. It’s going to have to go into equity. It’s going to have to go to precious metals because it can’t sit there getting no or negative yields forever. The debt game is over.”
On gold and silver, Fitts says, “Interest rates coming down makes gold and silver more attractive. I think the number one thing driving precious metals is you’ve still got growth going on in Asia, and they are buyers. People are afraid, and they are looking at what is going on with the leadership, and they are getting scared. They want to hedge their bets, and gold and silver is where you go when you don’t trust the system.” (There is much, much more in the video interview.)"
Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts,
Publisher of The Solari Report at Solari.com.