Catherine Austin Fitts on the bailout and US economy- very good!!-1/6

Today on Flashpoints: Another special extended edition of Community Business with Catherine Austin Fitts, as we continue to cover the meltdown on Wall Street and its reverberations on Main Street; we'll feature listener calls and a close look at the implications of a $700 billion dollar bailout.
Penny Pritzker
01:00 Intro: Economic Meltdown and the Sub-Prime Culprit Penny Pritzker
Dennis and Nora

06:00 Community Business with Catherine Austin Fitts: A Crumbling Empire
Catherine Austin Fitts, solari.com

Category:

Nonprofits & Activism

Tags:

• catherine
• austin
• fitts
• flashpoints
• kpfa
• wall
• street
• bailout
• penny
• pritzker
• obama

[GoldenFireReviews]

I wonder if the bailout is really at 700 trillion and they billion by mistake?

[TimFix]

prt 2

that isn't going to solve our financial problems.The current bailout of Citibank is just enough to keep it going, but there's no assurance that'll be enough.These bailouts are like "steroids"—they're not building real economic value. Fitts proposed a path back to economic vitality: People should put their money into local economies and avoid investing in corrupt institutions.Wealth could be created by bringing forward energy and health technology that's been suppressed.

[TimFix]

Financial advisor Catherine Austin Fitts discussed the economic crisis --> $4 trillion has been pulled out of the economy, big mystery is where did it go? At the core, we've experienced a financial coup détat-- assets have been stripped out of communities in order to make people more dependent on Washington and centralized government, she asserted. "We're watching the control and consolidation of cash flow." Now the Fed and Treasury are putting trillions back into the economy by printing money

[louis12346]

A universal peace, it is to be feared, is in the catalogue of events, which will never exist but in the imaginations of visionary philosophers, or in the breasts of benevolent enthusiasts.

James Madison, essay in the National Gazette, February 2, 1792

All men having power ought to be distrusted to a certain degree.

James Madison, speech at the Constitutional Convention, July 11, 1787

[yahoovisitor]

This is about the same situation Pakistan is passing thru. Countrys economy is being loaned/sold out @ the rate of a common mans life leading to anxiety & flux in all departments of life ensuing in no-investment crisis & each new govt blaming the past for all the hazards & again taking its hands out to beg for more loans. The country is being sold out eventually by parts, with disorder, joblessness, fake inflation, injustice & hypocrisy as the main issues resulting in anarchy & suicide bombing

[DandelionSalad]

Excellent interview and info, thanks for posting this.

[MorganAnsons]

Thanks Rund, for the share, I love these multitask allowing vids:)