Catherine Austin Fitts - A contrary view to a western financial collapse (for some, not all)

[Ron Mauer Sr]

Some highlights:

In some areas, Catherine Austin Fitts has an interesting and different view of the future in contrast to many other heavy hitters (Jim Rogers, Dr. Faber, etc.).

Catherine sees some high tech manufacturing/agriculture/energy production areas of North America getting stronger and the BRICs having the collapse.

She is not concerned about getting her door knocked down and thrown into a FEMA camp (that cost the government money), but desperate people could be a real problem.

Catherine does not see the federal government being successful at grabbing all the guns.

She does think it is very important to be adequately self sufficient to live out of the system for some unknown period of months. Think:
· No electricity
· No grocery stores
· No welfare
· No pension
· No social security

Catherine does briefly mention the need to have diverse locations for resources. A very smart idea.

She agrees with most other heavy hitters about having a stash of gold. She did not mention silver but I expect that to be valuable also.


http://www.youtube.com/watch?v=0EiMUPdtFXI

http://usawatchdog.com/old-system-struggling-and-dying-catherine-austin-fitts/

[Tesseract]

Poor Greg does try his hardest to get his interviewees to tell him what he wants to hear. Watch the below vid if you want a laugh:

http://www.youtube.com/watch?v=QDwRJE-dXxs

But seriously, Cath does make some good points (I watched the video in another thread from Paul). Selling any gold one had, and buying in at a cheaper price was the best thing to do - but isn't hindsight great? Much to Greg's chagrin also, she refused to say that a dollar collapse was likely. But the biggest story here is the consolidation of new energy and industry, and agriculture. The tech sector in the USA is the envy of the world (or at least, it should be), and in an era where innovation is essential to our future well-being, the indirect benefits of this industry should be enormous. Add cheap energy into the mix and her term of 'breakaway civilization' carries some weight. By its very wording though, it is inherent that some, perhaps most, will be left behind, and the future picture for society isn't necessarily a good one.

[frozen alchemy]

Thanks for posting; interesting that she uses the term 'breakaway civilization' and also discusses the massive amount of money gone missing from the federal government's books. Combine this with Richard Dolan's 'breakaway civilization' idea (I think he coined the term) regarding what he surmises is a top secret group within the military/alien federation that may already be able to go off-world and whose techology is so far ahead of ours already that they no longer really belong to the same society.

Edited to add, I had the opportunity a few weeks ago to see the new Tesla electric car plant in San Jose; it's a massive complex and almost entirely robotics; exactly what the Zeitgeist Movement has been predicting, robotics taking over factory production jobs.

[161803398]

http://www.youtube.com/watch?5zD7xR0DGuE

[Ron Mauer Sr]

http://www.youtube.com/watch?5zD7xR0DGuE

One of Jeff's investment strategies is precious metals. If you are fully stocked with food, water filter, garden, wood stove and other necessities for simple living, then I agree. But one cannot eat gold. If the economic collapse is severe enough to shut down the grocery stores, no one will be trading food for precious metals.

I wonder why he did not mention dehydrated and freeze dried food as an investment.

[ThePythonicCow]

But one cannot eat gold. If the economic collapse is severe enough to shut down the grocery stores, no one will be trading food for precious metals.
Pretty much every prepper item I have is of no use ... in some scenarios :). Perhaps I won't need water filters, perhaps I won't need beans and rice, perhaps I won't need to walk ten miles and cook food with what I can carry, perhaps I won't need off-grid electricity, perhaps ...

Just because gold is of no use when food starvation is the dominant problem doesn't mean that gold is of no use in any scenario, at any time.

In particular, the scenario I personally expect to be most likely is a financial collapse, with a few weeks or months where food, fuel and cash shortages are prevalent in wide spread but varying and changing degrees, followed by a "solution" involving a reworked financial system and loss of a substantial portion of any savings or anticipated retirement or medical "benefits". US Dollars would no longer be the world's reserve currency in the reworked system, raising the price of imports (including petro, which effects in turn most US domestic production and delivery). Depending critically on whether someone living in America could still safely sell their gold or silver, that might be a better way to preserve liquid wealth across the crisis than bank accounts, stock and bond investments or cash.

When preparing for a range of possible situations, in which one will likely not be able to resupply on demand whatever one might need, one best has a variety of potentially useful stuff.

[Ron Mauer Sr]

But one cannot eat gold. If the economic collapse is severe enough to shut down the grocery stores, no one will be trading food for precious metals.
Just because gold is of no use when food starvation is the dominant problem doesn't mean that gold is of no use in any scenario, at any time.



I agree. After a new system replaces the old, and food becomes available again, precious metals will probably be worth a lot.

The tricky part is guessing:


how severe the collapse will be
timing of the collapse, start and finish.

[Ron Mauer Sr]

Will the U.S. economy collapse in 2014? "No" says Catherine Austin Fitts.

Catherine has a refreshing view of how each of us can make a difference to effect change.


http://www.youtube.com/watch?v=gssxv35TA-8