Catherine Austin Fitts-Obama Care the Ultimate Fraud
Former Assistant Housing Secretary Catherine Austin Fitts says all U.S. citizens are partly responsible for banker fraud. Fitts, also a top Wall Street Banker, says, “What popular opinion has said again and again and again is it wants the dirty money. . . . It wants the U.S. to play this geopolitical top dog game to the extent it provides subsidy to them. We can’t have our cake and eat it too. . . . If we have a model that is dependent on crime and fraud . . . we have to change the model.” Fitts calls what we have today “the Central Banking Warfare Model.” It is showing signs of troubles. Fitts goes on to say, “Are there cracks in the system? Yes. The more it is obvious the system works off force, the more invasive the force gets and the more push-back there is going to be both globally and domestically.” What is the big problem with a global financial system that is run by increasing force? Fitts contends, “The problem is it’s shrinking the pie. If nobody trusts anybody, how can you have a healthy economy?” How are our leaders going to handle the poor economy and all the social commitments? Fitts says, “They’re going to debase the currency, and they’re just going to grind it out. Meantime, everybody is going to pay for Obama Care, and it’s going to be the ultimate fraud.” As far as the winners and losers for Obama Care, Fitts predicts, “Nobody is going to win from this . . . people are going to die. We’re talking about depopulation.” Join Greg Hunter as he goes One-on-One >> Catherine Austin Fitts of Solari.com
|"Make a law, make a business." — Old New Jersey street saying|
Bush climbed through Republican politics to become Director of the Central Intelligence Agency (CIA) during the Ford Administration. After spending four years displaced by the Carter Administration, Bush was now Reagan’s Vice President with Executive Order authority for the National Security Council (NSC) and U.S. intelligence and enforcement agencies. Bush’s new authority was married with expanded powers to outsource sensitive work to private contractors. Such work could be funded through the non-transparent financial mechanisms available through the National Security Act of 1947, and the CIA Act of 1949.
We found ourselves with new owners whose operations were an integral part of the military and intelligence communities and who had demonstrated a rapacious thirst for drinking from the federal money spigot. George Schultz, former Secretary of the Treasury during the Nixon Administration, and now Bechtel executive, joined our board.
Unusual things started to happen that were very “un-Dillon-Ready-like.” First came a new bluntness. I will never forget the day that one of the partners brought around a very charming retired senior Steve Bechtel to tour the firm. Upon introduction, he peered up at me through thick glasses and said “Far out, a chick investment banker.” Then came strategic planning with SRI International, the think tank offshoot of Stanford University that had long standing relationships with the Bechtel family and Schultz. The head of the Energy Group that I worked for at the time was part of the planning group. His mood changed during this period and he later left the firm, retiring from the industry. Before going he warned me that I should do the same. He never said why…leaving a chill that I have felt many times since as ominous changes continue that have no name or a face.
The planning group recommended that we expand our business into merchant banking. This means managing money in venture investment by starting and growing new companies or taking controlling interests in existing companies, including “leveraged buy-outs.” Rather than serving companies who needed to raise money by issuing securities, or make markets in existing securities, we were going to start raising money so we could create, buy and trade companies. A company was no longer a customer. They were now a target. Wall Street was its own customer who would raise money to buy companies who would work for us. This required new people with new skills.