Catherine Austin Fitts said we are witnessing a Leveraged Buyout of the world that will permanently end democracy. The elite has bought all the politicians and the media. They have stolen enough money to earn 2 trillion dollars a year from their investments. She said 2 trillion dollars a year is sufficient to fund a world government.
Wall Street and the City of London have been given more money in Bailouts than the total amount of money the United States spent on all of its wars. Wall Street was also allowed to steal 4 trillion dollars from federal spending that we are not allowed to audit. When she was Housing Commissioner in the first Bush administration, she once saw on one city block ten government guaranteed loans on buildings that never existed.
Separately from that Jim Willie has said when the Federal Reserve sells Treasury bonds, they sell more than the deficit. This fraud has added trillions more to the LBO Buyout fund.
As I have said previously, the banks are allowed to launder a trillion dollars a year in drugs, 400 billion dollars a year in illegal weapons and 500 billion dollars in political bribes.
Catherine has written and spoken often of mortgage fraud. The bankers were allowed to sell each mortgage ten times. The Federal Reserve has been busy buying fraudulent mortgage backed securities to keep the bankers out of jail.
She said we were all heartened when the House voted against the Bailout in 2008. The bankers reversed that decision through three methods. They were able to donate money and give bribes which most voters are aware of. They are not aware of Control Files which have all the blackmail information on politicians. But with government databases run by private military contractors and smart meters reporting on activities inside our homes to IBM the bankers now have Control Files on everyone. They also have the right to kill anyone with impunity.
Catherine said this right to kill with impunity must be taken away from them.
The hardest thing for her to accept is to live with people who try to pretend there is no evil force out there. But she added more people are waking up every day.
She has suggested basic reforms. One would be for the government to release all expenditures by zip code. This would eliminate a lot of fraud. Another would be to end the practice of allowing defense contractors to form subsidiaries that pay and audit contracts awarded to their parent corporations. She aid that centralizing power in the hands of the elite is counter productive and and makes us all poor. She emphasized that as soon as those centralizing controls were lifted, we would have a rapid recovery.
Catherine urged us to accept this fact:
There are worse things than being killed by the criminals who have stolen your government and your money.
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