Rebel of the Week: Catherine Austin Fitts of Solari Report
November 10th, 2010
Catherine Austin Fitts, Maverick Banker, is Silver Circle’s Rebel of the Week.
She is an individual who truly marches to her own drumbeat.
Formerly she was the Assistant Secretary for Housing-Federal Housing Commissioner, 1989-1990 under George Bush I. She was one of the first public officials to warn of the housing bubble. She left the federal government because she wanted to work to change it from the outside.
This Monday, she spoke at Future Salon in Palo Alto, CA — the topic was “Our Financial Future.” She started off the talk with a data visualization graphic of how centralized our global financial system has become, the hubs being in New York City, London, Hong Kong and other financial centers of the world.
She delved into the history of modern globalization starting in 1995 with the GATT/WTO agreements. Capital started to move into emerging markets from the U.S. Government. It was astonishing to hear about the billions of dollars that went missing during this time period from our coffers. She deemed it the “largest leveraged buyout of a country.”
Next, she fleshed out her thesis of the “Central Banking Warfare Model” that central banks are printing fiat currency to pay for military operations around the world — all as a method of global taxation. Nothing surprising to Siver Circle fans.
However, she didn’t end her talk on such a somber and dismal note, instead she laid out her ideas on how we can get out of our current situation. Fitts stated that the key to a healthy financial system is transparency, sound currency, equity, and a balanced return on all sectors.
She also emphasized the need to disintermediate the current centralized financial system by using technology. She wants to create grassroots decentralized movement to “unplug” and stop supporting a command-and-control economic system. She advocates for diversifying and spreading capital on real goods we need locally like water, electricity, and roads, as well getting more capital to start-up companies and entrepreneurs that are creating wealth and getting our money out of major banking institutions.
She’d probably like the idea behind Silver Circle movie as we’re bringing to life the story she is telling about central banks.
Fitts publishes the Solari Report and has a blog covering how current events effect ones personal wealth.
Here are some helpful links from her talk:
- Financial Coup d’Etat – blog article
