Check out the TB2K CHATROOM, open 24/7               Configuring Your Preferences for OPTIMAL Viewing
  To access our Email server, CLICK HERE

  If you are unfamiliar with the Guidelines for Posting on TB2K please read them.      ** LINKS PAGE **



*** Help Support TB2K ***
via mail, at TB2K Fund, P.O. Box 24, Coupland, TX, 78615
or


ECON Dollar Dominant & Dangerous – System Not Stable – Catherine Austin Fitts/Greg Hunter
+ Reply to Thread
Results 1 to 12 of 12
  1. #1
    Join Date
    Jul 2005
    Location
    Happy on the mountain
    Posts
    60,854

    Dollar Dominant & Dangerous – System Not Stable – Catherine Austin Fitts/Greg Hunter

    Video at https://usawatchdog.com/dollar-domin...-austin-fitts/

    or

    https://www.youtube.com/watch?v=8-rwzItf9-o

    RT 46:38

    Disclosure: Fitts sells subscriptions to her Solari Report, but recommends a personalized core financial position in precious metals in this interview.
    ===========================

    Dollar Dominant & Dangerous – System Not Stable – Catherine Austin Fitts
    By Greg Hunter On September 16, 2018 In Political Analysis No Comments
    By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

    Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts, predicts the global financial system “will take some big hits before the end of the year.” Fitts
    explains, “Right now, economists say the dollar is ‘dangerous and dominant.’ It’s still, if you look at the market shares around the world, it’s still very, very significant portion of total reserves. So, it’s still very important. At the same time, the U.S. dollar hegemony is probably not going to last forever . . . So, I think the long term dollar looks very weak. Short term, it doesn’t look like it’s coming apart anytime soon, as far as I can see. What that means is when you have something that is dangerous and dominant, you have the possibility of extreme volatility events. That’s the new code word for the ‘you know what’ hits the, you know what. Whether it’s different countries exploding economically, or we whether are pressuring people that makes them very uncomfortable, these kinds of fights over shrinking pies are very dangerous because they mean covert wars. They mean overt wars, and the more we steal pies from each other instead of make new pies, the worse the situation gets. That’s what you are seeing. The system is not stable.”

    Fitts goes on to say, “The real push are for real assets: real assets reflected in a stock, or real assets reflected by real estate or precious metals.”

    There is good reason people are going to real assets. The U.S. government is “missing” $21 trillion between the DOD and HUD. This fact was uncovered by Fitts and economist Dr. Mark Skidmore last year. What was the government’s answer to this gigantic accounting fraud that is the size of the federal deficit? Give the government’s budgets basically classified national security status. Fitts says, “Apparently, the people leading the audit have come to them and said if we do this audit, we will disclose classified projects. So, the board (Federal Accounting Standards Advisory Board – FASAB) came out with a new policy. I say it is illegal. You cannot do it under the financial management laws, and you certainly cannot do it under the Constitution, and it said you can keep classified off the books, which means you can cook the books and you can basically do whatever you want. This matches up with the waiver given to the national security advisor that says corporations, if he waives them (regulations), can also cook their books with the SEC. Now, we have the corporations making money, and they can cook their books under the law, and apparently the government can too. So, when the board made the statement and announced this new policy, they made the point that if they didn’t do this, the only alternative was to redact the Department of Defense financial statements, which meant you would have to redact the U.S. government’s financial statements, which means we have reached “Never, Never Land,” which also means the whole thing is a joke. . . . As a matter of policy, they are saying you have to give them, for the IRS, for the Census and all these other things, complete financial disclosure and honest financial disclosure by pain of law or you go to prison, but they can make up whatever they want. They can publish financial statements that are complete fiction with no accountability to you and call it national security. What this is doing is engineering complete financial insecurity for every American citizen. This is the end of financial security.”

    In closing, Fitts says, “I am a gold fan. . . . You also want to have as little leverage and debt as possible. . . . I am also a silver fan, and I am getting reports that silver is getting hard to find. Gold is down 8% for the year and silver is down 16%, but go and try to buy a bunch of silver. It’s tough.”

    Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, Publisher of The Solari Report.
    (To Donate to USAWatchdog.com Click Here)

    After the Interview:
    Catherine Austin Fitts says everybody should have a core financial position in physical gold and silver that fits their needs.

    There is much free information on Solari.com. Click here for the story about the Federal Accounting Standards Advisory Board (FASAB). If you want to read all about the $21 trillion in “Missing Money” from DOD and HUD click here. Click here for the USAWatchdog.com in-depth interview with Dr. Mark Skidmore, Professor of Economics at Michigan State University. His team documented the “missing” $21 trillion that has now become a “national security” issue. If you want to subscribe to get the in-depth original articles and analysis of The Solari report, click here.
    The wonder of our time isn’t how angry we are at politics and politicians; it’s how little we’ve done about it. - Fran Porretto
    -http://bastionofliberty.blogspot.com/2016/10/a-wholly-rational-hatred.html

  2. #2
    Join Date
    May 2004
    Location
    Sandhills North Carolina
    Posts
    33,821
    US Debt Clock

    www.usdebtclock.org


    We need to empty prisons
    Cut social service subsidies
    Cut government in half

    Now

  3. #3
    Robots do not buy consumer goods.

    Kind of dead end.

    China is quickly going robotic in its production.

    Poor people do not buy consumer goods.

    Crazy world..

  4. #4
    Join Date
    Jul 2005
    Location
    Happy on the mountain
    Posts
    60,854
    We need to empty prisons
    Cut social service subsidies
    Cut government in half


    Right now everyone is mistaking "cash flow" for prosperity. When the music stops and all the chairs fill up, everyone left standing will figure out the difference - well, perhaps some of them will. 'They' can't stop the current levels of spending or they would crash the system instantly - the biggest catch-22 in history.
    The wonder of our time isn’t how angry we are at politics and politicians; it’s how little we’ve done about it. - Fran Porretto
    -http://bastionofliberty.blogspot.com/2016/10/a-wholly-rational-hatred.html

  5. #5
    Join Date
    Jan 2012
    Location
    I'm Not Sure....
    Posts
    2,184
    In closing, Fitts says, “I am a gold fan. . .
    A wall of text, just to get to that. So predictable.
    ...Rubbin' is Racin'......

  6. #6
    Join Date
    Jul 2005
    Location
    Happy on the mountain
    Posts
    60,854
    So predictable.

    She doesn't sell gold ………………….. she sells newsletters.

    But she mentioned the G word, so she must be ridiculed, right?
    The wonder of our time isn’t how angry we are at politics and politicians; it’s how little we’ve done about it. - Fran Porretto
    -http://bastionofliberty.blogspot.com/2016/10/a-wholly-rational-hatred.html

  7. #7
    Stephanie Pomboy was on Fox Business this week saying that she expected a 20% decline in the Stock Market to begin by the end of this end of this year, possibly before the midterms.

    She looks more at long term change in the economy than short term market swings.
    Last edited by Gingergirl; 09-16-2018 at 02:18 PM. Reason: typo
    that which one man receives without working for, another man must work for without receiving." -- Kenneth W. Sollitt

  8. #8
    Join Date
    Nov 2014
    Location
    Where it's windy a lot...
    Posts
    1,239
    Quote Originally Posted by Racing22 View Post
    A wall of text, just to get to that. So predictable.
    As is your comment.

  9. #9
    She states that something big is coming down before the end of this year. Some others are saying October. It seems that some are aware of something big being planned by let's call them the Elite, however, they don't know what it is going to be.


    My guess is a big war starting with Syria then a banking collapse.

  10. #10
    Join Date
    Jul 2004
    Posts
    89,278
    Hummm...considering that the US FRN is in this day and age is ultimately backed by political will and the strategic weapons of the United States it's interesting that they're still talking about gold.

  11. #11
    Join Date
    Jul 2004
    Posts
    89,278
    Quote Originally Posted by China Connection View Post
    She states that something big is coming down before the end of this year. Some others are saying October. It seems that some are aware of something big being planned by let's call them the Elite, however, they don't know what it is going to be.


    My guess is a big war starting with Syria then a banking collapse.
    Yeah, likely as not a modern ineration of Sulla.....

  12. #12
    Quote Originally Posted by China Connection View Post
    She states that something big is coming down before the end of this year. Some others are saying October. It seems that some are aware of something big being planned by let's call them the Elite, however, they don't know what it is going to be.


    My guess is a big war starting with Syria then a banking collapse.
    I would add the Ukraine

    NW

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


NOTICE: Timebomb2000 is an Internet forum for discussion of world events and personal disaster preparation. Membership is by request only. The opinions posted do not necessarily represent those of TB2K Incorporated (the owner of this website), the staff or site host. Responsibility for the content of all posts rests solely with the Member making them. Neither TB2K Inc, the Staff nor the site host shall be liable for any content.

All original member content posted on this forum becomes the property of TB2K Inc. for archival and display purposes on the Timebomb2000 website venue. Said content may be removed or edited at staff discretion. The original authors retain all rights to their material outside of the Timebomb2000.com website venue. Publication of any original material from Timebomb2000.com on other websites or venues without permission from TB2K Inc. or the original author is expressly forbidden.



"Timebomb2000", "TB2K" and "Watching the World Tick Away" are Service Mark℠ TB2K, Inc. All Rights Reserved.