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Economy Floating on Many Non-Sustainable Games – Catherine Austin Fits
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Catherine Austin Fitts (CAF), publisher of “The Solari Report,” is worried about a US economy “floating on non-sustainable games.” Let’s start with the global debt that just hit a fresh record of $353 trillion. CAF says, “Too many sovereign nations are in a debt trap. That is what is giving the Anglo and American alliance the ability to run things and pull their chains. So, the debt trap continues to get worse and worse, and at the same time, we are making it much harder to earn dollars by shutting down the energy system worldwide.”
CAF has been tracking all energy shutdowns and trade bottlenecks tanking the global economy. CAF Says, “We are working on an update we are going to publish next week or the week after. We want to keep this published monthly because this is not a war in the Middle East. This energy war is a global war. It is very much putting some of the players and some of the creditors in a much stronger position. For example: as Russian oil and gas has been shut off by Europe, now the US can sell LNG to them for much higher prices. . .. If you look at the current energy prices, we have been protected . . .. we are running the reserves down to where they were during the Biden Administration. . .. The commercial inventories have been falling. We are approaching, probably by mid-June, a point where you can’t drop them anymore. . .. There is a danger of hitting a wall. I was asked to do an interview on AI and automation and what it is doing to employment. I said don’t worry about AI and automation. If you look at what is happening in the energy market, and we really do hit that wall . . . and strategic reserves can’t drop anymore, oil could go as high as $200 per barrel. The only way you can resolve this is to shut down a whole bunch of capacity. This will give us a major, major shutdown and layoffs.”
Another un-sustainable game is Fed money printing. CAF says, “The Fed has created a great deal of money during C***d, and they are trying to pull that in, but that’s going slowly. That’s number one. Number two, to protect the dollar globally, they have raised interest rates. That is causing a lot of different sectors to mark down.”
Then there is the $1.3 trillion in private equity, and much of that is in big trouble. CAF says, “The one that worries me the most is private equity. We have seen many different private equity funds stop redemptions. . .. We are seeing many of these funds hung. Why is that a problem? One of the reasons that is a problem is a lot of that is in your pension fund.”
There is talk about giving indemnification to fund managers to buy all kinds of questionable investments including crypto. CAF says, “You give fund managers indemnification from being sued and you are opening up your 401(k) to a level of crapola we have never seen before. It’s frightening. All of these different things are un-sustainable. . .. There is a push for more and more capital, and you are pouring more capital into the digital control grid. . .. They want to have complete surveillance and financial control . . . once everybody finds out what’s been happening to their personal savings.”
CAF contends as the economy tanks, more and more financial frauds will be popping up. CAF is already seeing it at The Solari Report. So, CAF and team put together a special presentation called “Protecting Your Assets.” CAF says one of the many frauds she sees are fraudsters impersonating her to rip people off with phony deals and false financial advice. CAF says, “We can’t give you investment advice, but we can tell you don’t do that scam.”
In closing, CAF points out gold and silver are both in long term bull markets, but as the economy takes a hit, the metals can get sold off to raise cash. CAF says, “Big drops in gold and silver can happen.”
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There is much more in the 57-minute interview.
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