Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Solari Update: The Non-Revolution in Digital Payments

Solari Update: The Non-Revolution in Digital Payments with Eric Hughes - March 7

So long as it is digital and centrally controlled, Mr. Global could not care less whether the new currency system is called dollar, peso, franc, gold, silver or wampum beads.
~~ Catherine Austin Fitts

By Catherine Austin Fitts

It was the 1990s. Eric Hughes was a brilliant mathematician from Berkeley, a founder of the Cypherpunks and an entrepreneur with a deep interest in the payment systems that serve as the financial train tracks of the global economy. My company in Washington was growing, investing our profits in financing software tools and venture vehicles that would allow small business and communities to circulate and build equity. We both believed that digital technology could revolutionize our investment model.

That revolution, however, did not happen. Instead, Silicon Valley was pumped and dumped in the dot.com boom, while Wall Street created a sky high pile of mortgage bubbles and derivatives and the banks drove the payment system deep into the last mile of retail transactions.

In the process, Eric and I learned a great deal about the "deeper" organization of our financial system.

Where does this leave us and what's next? Eric joins me this coming Thursday night to talk about digital money - the state of global payment systems, currency wars, the shift to mobile payments and wallets, and what this means to me and you and, yes, answers to your questions about Bitcoins!

To celebrate that dreams can and do come true, in Let's Go to the Movies, I will review Searching for Sugar Man, winner of this year's Academy Award for Best Documentary Feature and British Academy Film Award for Best Documentary. The film tells the story of two South African fans who set off to find out what happened to American musician Sixto Rodriguez, whose music was a smash hit in South Africa, but never took off in the U.S.

I will start with Money and Markets. Please post your questions for Ask Catherine on the blog. Talk to you Thursday!

From The Blog

March 7
The Non-Revolution in Digital Payments with Eric Hughes
March 14
Precious Metals Market Report with Franklin Sanders
March 21
Starting a Solari Circle Investment Club with Paul Ferguson

Profiles: China's New Leaders
China's ruling Communist Party has unveiled the next generation of leaders who will take charge of the country. The seven men will sit at the top of the Politburo Standing Committee, China's most powerful body.

Promises, Promises at the New York Fed
wo weeks ago, I wrote a column about a secret agreement struck in July 2012 by the Federal Reserve Bank of New York and Bank of America. The existence of the confidential deal was disclosed recently in court filings, which showed the New York Fed releasing Bank of America from all fraud claims on mortgage securities the Fed had bought as part of the government's rescue of the American International Group in 2008.

Swiss Voters Approve a Plan to Severely Limit Executive Compensation
Swiss citizens voted Sunday to impose some of the world's most severe restrictions on executive compensation, ignoring a warning from the business lobby that such curbs would undermine the country's investor-friendly image.

Solari Stories - Divide and Conquer

Do you want to know what's really going on? Watch our weekly Solari Story:

"But what I've found, unfortunately, is that in a divide and conquer situation it's relatively easy if you control the fed budget to buy people into opposing camps." Watch the video...

New stories posted on Wednesdays.

Just A Taste - Avoiding Singularity (2/28/13)
Get a "taste" of the Solari Report with this video excerpt from last week's report:

"The reason that we're talking about this tonight is because this represents a technocratic view of what's coming right up on the horizon; machines, robots, technology and so on..."

Watch the video...

About The Solari Report
A live, weekly one-hour briefing with Catherine Austin Fitts and specialized experts, the Solari Report helps to navigate you through the shifting political and financial climates while building your wealth.

Here is what one listener says about Catherine Austin Fitts:

"Catherine is such an original thinker. She always educates me verses beating me over the head with the same memes I hear over and over on alt media."

Learn more and subscribe here.
Nothing in this Solari Update should be taken as individual investment advice. Anyone seeking investment advice for his or her personal financial situation is advised to seek out a qualified advisor or advisors and provide as much information as possible to the advisor in order that such advisor can take into account all relevant circumstances, objectives, and risks before rendering an opinion as to the appropriate investment strategy.

*************

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Live Blog On Now: Open Source//Open Society Conference

The second annual Open Source Open Society Conference is a 2 day event taking place on 22-23 August 2016 at Michael Fowler Centre in Wellington… Scoop is hosting a live blog summarising the key points of this exciting conference. More>>

ALSO:

Buildup:

Gordon Campbell: On The Politicising Of The War On Drugs In Sport

It hasn’t been much fun at all to see how “war on drugs in sport” has become a proxy version of the Cold War, fixated on Russia. This weekend’s banning of the Russian long jumper Darya Klishina took that fixation to fresh extremes. More>>

ALSO:

Binoy Kampmark: Kevin Rudd’s Failed UN Secretary General Bid

Few sights are sadder in international diplomacy than seeing an aging figure desperate for honours. In a desperate effort to net them, he scurries around, cultivating, prodding, wishing to be noted. Finally, such an honour is netted, in all likelihood just to shut that overly keen individual up. More>>

Open Source / Open Society: The Scoop Foundation - An Open Model For NZ Media

Access to accurate, relevant and timely information is a crucial aspect of an open and transparent society. However, in our digital society information is in a state of flux with every aspect of its creation, delivery and consumption undergoing profound redefinition... More>>

Keeping Out The Vote: Gordon Campbell On The US Elections

I’ll focus here on just two ways that dis-enfranchisement is currently occurring in the US: (a) by the rigging of the boundary lines for voter districts and (b) by demanding elaborate photo IDs before people are allowed to cast their vote. More>>

Ramzy Baroud: Being Black Palestinian - Solidarity As A Welcome Pathology

It should come as no surprise that the loudest international solidarity that accompanied the continued spate of the killing of Black Americans comes from Palestine; that books have already been written and published by Palestinians about the plight of their Black brethren. In fact, that solidarity is mutual. More>>

ALSO:

Max Rashbrooke: Why The New British Conservative PM Is Talking Inequality

In a major speech, May honed in on one key theme: an economy “that works for everyone”. It was strikingly like the language that the former British Labour leader, Ed Miliband, used in last year’s election campaign, as he put inequality front and centre of his – unsuccessful – political pitch. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news