ISM survey predicting sharp hopefully short nasty recession
Fri 11:24 am +01:00, 24 Jun 2022Prices are stuck as people can’t afford to pay higher prices, and margins are being squeezed. This is leading to staff lay-offs, and a fall in asset prices. China is slowing. Europe’s at war and has no energy to replace Russia. The Fed can bail out the recession but currencies get increasingly debased the more they do it.
Robert Kiyosaki says office buildings are empty. This will be as big or bigger than WW2. Governments might have to transfer money directly to individuals. Marxism….? Greater control….? The end of the US empire…..as currency debases?
“It’s Not A Turndown…It’s A Takedown” – Austin Fitts
Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), contends this is what the so-called “reset” looks like.
High food and fuel prices along with crushing interest rates are no accident. CAF explains, “To me, this is part of the ‘going direct reset.’ …”
“There is an official narrative, and the official narrative is they’ve got to stop inflation… Let’s look very simply at what happened. They voted on the direct reset. Then they injected $5 trillion into the economy that went to the insiders. Then they used Covid to shut down the economy run by the outsiders. Now, the outsiders want to open another business, and they are going to radically raise the cost of capital to the outsiders. What’s going to happen is that $5 trillion is going to buy more assets more cheaply. To me, this is part of centralizing the control of the economy. They are asserting very significant central control. This is not a turndown–this is a takedown.”
CAF’s view of the economy is simple and tangible. CAF says, “This is a world where people are trying to get into real assets that can generate a yield…”
“Let me tell you what the problem is. Doing things that create value on assets requires the rule of law. We are watching a very significant financial coup d’état. We have talked about this for years. That financial coup d’état is turning into a coup, and you are seeing a fundamental breakdown of law and order in many places. It is related to people trying to pick up assets. We see cities where crime is off the charts, and speculators are out having a field day picking up assets with that $5 trillion.”
CAF says, “At some point, you have to realize we are in a war…”
“We have an enemy. We have the power to win, but we are going to have to fight. If you look at our ancestors in the last 10,000 years, I dare say we have it in us. Let’s get out of fear and get into fighting mode. There are two roads. We can preserve, rebuild and protect the human civilization, or we can become slaves. If you look at what these guys are up to, death is not the worst thing that can happen to you. Do not fear death. Fear slavery in a transhuman society.”
CAF also talks about gold, silver, the CV19 injections and the fallout from them. She also talks about why it’s more important than ever to hold onto the 2nd Amendment and your guns.
There is much more in the 1 hour and 5 min. interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with the Publisher of The Solari Report, Catherine Austin Fitts. (6.18.22)
To Donate to USAWatchdog.com Click Here. There is much free information on Solari.com. You can get way more cutting-edge analysis from Catherine Austin Fitts and “The Solari Report” by becoming a subscriber.
Via Greg Hunter’s USAWatchdog.com,
