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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.

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

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