A Comment On The American Economy
By Catherine Austin Fitts of Solari, Inc.
April 5, 2006
The housing bubble engineered by the Clinton Administration and perpetuated by the Bush Administration is losing steam. The government's ability to print Treasury and agency securities and the Fed’s ability to print currency are increasingly questioned and under pressure globally. As this happens, the significance of the intentional siphoning off of assets and equity from the American economy and industrial base over the last decade – including +/- $4 trillion missing from federal government accounts – is becoming more apparent.
What does this mean to most Americans? A steady decrease in income, a steady rise in living and interest expense and a leveling off of housing prices – even a fall – at a time when most Americans are saving less and seriously overleveraged.
The biggest policy questions of our day are “Who is siphoning off our wealth?” and “How do we restore and reverse the flow back into our families and communities?”
Solutions to the financial drain in our communities necessitate we assert control of our local economies and government sufficient to assert control of the national and international governmental financial mechanisms that are managed on an uneconomic, unethical or criminal basis. To build the power to do this begins with taking advantage of the many opportunities we have individually to understand and bring transparency to how money works in our community and to vote with our bank deposits, our purchases, our investments and our time and associations.
One of the components of Solari Portfolio Strategy – our vision of how to vote with your investments – is to use precious metals as insurance to help protect your assets and provide liquidity in critical times. Moreover, by voting with your money against fiat currency, you are taking action in support of freedom and sound financial systems. I am often told that mining companies are bad for the environment. My response is that our current central banking system and fiat currencies are wrecking our environment on a scale that the worst mining companies in world could never touch.
The importance of precious metals in protecting us against rising financial risk has prompted us to offer Gold Rush 21 DVD at the Solari Store – produced by the Gold Anti-Trust Action Committee from their historic conference in the Yukon last summer. And now for a limited time we are offering a free copy of the DVD with the purchase our Precious Metals Miniseries, The Investors Collection or The Complete Collection audio seminars.
Complete Coverage of the 2005 Gold Rush 21 Conference
© 2006 Gold Anti-Trust Action Committee
DVD Product: Eight Plus Hours on Two DVDs
The Solari Precious Metals Miniseries offers an excellent introduction to precious metals. We introduce you to some of the finest teachers around – Franklin Sanders of The Moneychanger and James Turk of Gold Money. Getting reliable information on gold and silver is not as easy as one would think. For example, on Friday, I flew to Arizona and read the Wall Street Journal cover to cover. Not a word could I find about the fact that gold had just hit a 25-year high.
Catherine Austin Fitts is the President of Solari, Inc. http://www.solari.com/. Ms. Fitts is the former Assistant Secretary of Housing-Federal Housing Commissioner during the first Bush Administration, a former managing director and member of the board of directors of Dillon Read & Co. Inc. and President of The Hamilton Securities Group, Inc.