Catherine Austin Fitts: Financial Coup D’etat Update
from Conflict March, via The Victory Report In the first half of C2C Catherine Austin Fitts shares her unique perspective on how to navigate the opportunities and risks in the global financial system and political economy, and protect one’s personal assets. In the last 20 years we’ve been through a “financial coup d’etat,” and a lot of people have been hurt by this hidden system of finance, and black budget expenditures, she said. Right now, there’s a big discrepancy in what we earn in our savings, and what we pay to borrow, “and that’s part of what’s destroying the middle class in this country,” Fitts continued. One of the biggest trends we’re seeing is a re-balancing of the global economy– the GDP in India per person is around $5,000, while in the US it’s around $53,000– “we are going through a process where someday those numbers will be the same,” plus by 2020, 80% of the world population will have a smart phone and that will lead to revolutionary changes, she remarked. Currently, the US dollar’s rise in value is putting pressure on newly advanced economies such as the BRIC nations, and could cause them to have slowdowns, as their debt is based in dollars, she explained. Fitts also expressed concern about the rising gap between the haves and have nots– “we have literally financed a breakaway civilization,” an ultra wealthy group that operates outside the laws of sovereign nations.