1st Quarter Wrap Up: 2014

1st Quarter Wrap-Up

“I have no use for bodyguards, but I have very specific use for two highly trained certified public accountants.”
~Elvis Presley

By Catherine Austin Fitts

Oh, good! It’s time for the 1st Quarter Wrap Up.

For those of us in the United States, the first quarter is a time when businesses file taxes and we prepare our individual taxes for filing in April. It is a time of accountability, a time to balance the books. We make an enormous investment in supporting government, but how is that investment working? There are lessons to be learned as we do our calculations and send off our checks.

This week, I will cover the performance of financial markets over the first quarter and examine how capital flows relate to the most important trends and stories. This includes the growing tension in our financial relationship with government.

Our theme for 2014 is “break away.” I will touch on the steps we can take to create our own future instead of contributing to a vision, which serves the interests of central control.

Because the government which collects our taxes is listening to our phone calls and tracking our financial transactions, I will review The Lives of Others (German: Das Leben der Anderen) in Let’s Go to the Movies. This is a 2006 German film about the monitoring of East Germans by the Stasi, an East German secret police force, before the unification of Germany.

Please e-mail or post your questions and requests on the blog by Wednesday.


  1. Hi Catherine,

    You mentioned in the Breakaway Economy Part II that you thought solar will have some role in the energy future. Some organizations have goals of moving to all solar and other renewable energies by 2050. Do you think this is even possible given the challenges of current availability and access to rare earth minerals necessary for this technology?

  2. Catherine, I first saw The Lives Of Others here in Chicago a couple of years ago when it first came out, and I was absolutely blown away. I couldn’t stop crying at the end. It’s a quiet film full of nuance, and you have to pay close attention to follow the plot, but I have rarely seen such an affecting portrayal of the redemption of a single man — from eager participant in an evil system to conscious resister. It’s such a rewarding film that I hope everyone will see it. I think of it as a call to action for each one of us!

  3. William:

    Good question. The answer is that I do not know. I suspect that the extraordinary number of innovations in all areas of energy technology – including renewables – will result in significant breakthroughs by 2050. Which ones will turn out to make a major contribution – who knows.

    I will pose your question to some of my experts.


    • Thanks.

      I don’t think these groups are even thinking about new technologies and/or materials in the future as it seems they cannot even address the issues of the present. I recently asked the senior leadership of one of these organizations a rather simple question that did not even include financing, production, storage and not to mention the other 7 billion people on this planet. I merely asked, “How can we move everyone in the U.S. to solar when we have to factor in the availability, access and location of where we get the rare earth materials necessary to develop wind and solar specifically referencing the Congo and the 7 million dead in the last decade due to the extraction of these same resources?” The response was like I had just asked a question in a another language and the only response was “we have some talking points for this.” I stopped asking questions.

  4. Thank You so much for making yourself available. What are your thoughts on the recent comments from Karen Hudes and Christine Lagarde from the 2nd at Hopkins in reference to the Global financial reset? CL indicates that 180 countries will move forward with the reformation of the financial system to encourage and open growth more so to the emerging markets. The USA is holding things up she states. Does the US Dollar Continue to weaken as China, India and Russia posture against using anything but the USD FRN? I have read the articles about Rosfelt oil agreements they. Thank you again.

Leave a Reply