Catherine Austin Fitts – Inflation & Conflicts Are Big Risks

We face multiple risks, and the likely financial calamity is an acceleration of the “slow burn”, Catherine Austin Fitts explains…

Editor’s Note: Greg’s interview with Catherine is in two parts. Part I and Part II are combined below in this single post.

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by Greg Hunter of USAWatchDog.com interviewing Catherine Austin Fitts

Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says we face multiple risks such as “Inflation that is averaging 10% nationally.” The cost of money is another big risk as the “the little guy has a credit card charging 17%, and big banks can borrow from the Fed at 2%.” Another risk is “healthcare freedom.” Even the quality of the food you eat is a growing risk because of deregulation voted in by Congress. Finally, there is risk of conflict both domestically and abroad. Will the U.S. dollar maintain its role as the reserve currency? Fitts has long said, “That is a military question.”

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Investment advisor and Former Assistant Secretary of Housing Catherine Austin Fitts says forget about the notion of a coming economic meltdown, we are already living in an unfolding financial calamity, now. Fitts explains, “The likely financial calamity is an acceleration of the ‘slow burn.’ It’s not that the stock or bond market comes apart. It is that the stock and bond market continue to be subsidized by liquidating all sorts of people, animals and living resources. In other words, we are liquidating all of life. To engineer central control, we are levering up the debt, and we are liquidating people and countries and things to basically keep that game going while somebody is walking off with tremendous amounts of money that they used to engineer central control. So, we have had an ongoing calamity since the mid 1990’s–serious financial calamity. If you are the people of Libya, you have already had your financial calamity. Calamity is not a big bang that we all experience together. We almost got ours in 2008 and 2009. Calamity is an ongoing process. Some are composed so others can live.”