2nd Quarter Wrap-up & Equities Markets Overview

2011 Wrap-up 2012 Beginnings

By Catherine Austin Fitts

This Thursday is our second quarter wrap-up of the primary trends and important stories year to date.

Critical to investor short-term thinking is how the central banks manage sovereign government debt and monetary policy in a slowing economy coming into a US presidential election. Following the election, how is the US going to handle the numerous tax and budget issues that need to be addressed? If your CPA is frustrated, there is a reason.

Some of the squabbles about the future of the North American economy in the US Presidential election are becoming relevant now that budgets cuts mean that fundamentals matter. Your local elections are particularly relevant as municipalities abrogate contracts and reduce critical services.  Yet given the fiscal problems, why is  the “Empire” feeling so confident and what does that mean for the currency and equity markets this year and next?

Deeper changes are accelerating – radical changes in the employment picture as a result of automation and dramatic advances in new technology. Are we ready for cars that drive themselves and are networked with highways and other cars to do so? What about private companies mapping the inside of our homes from their satellites and access to smart grid info? Or biotech companies that can grow you a new organ?  And what does this all mean to the equity markets? I want to introduce a framework for increased coverage of the equity markets on the Solari Report going forward.

I will start with Money and Markets and Ask Catherine. In Let’s Go to the Movies, I’ll review The Intouchables, the feel-good dramatic comedy that has become a French cultural phenomenon. It’s had me smiling for days!

The Intouchables – Official Trailer

YouTube

I will also note the high strangeness as governments around the world release UFO files while Hollywood launches an endless series of ET invasions of Earth –  The AvengersPrometheusMen in Black 3, and Aliens & Cowboys are just a few of cinematic invasions I have watched this summer.

Post your questions on the blog.

Talk to you Thursday!

1 Comment

  1. Hi Catherine,

    New subscriber of a few months now and long time listener of you on C2C, Rense, etc. I’ve inherited about $70K from the sale of my deceased mom’s little house and want to keep it as safe as possible. Am buying some PM’s to keep at home through LMC. (Very helpful staff!) Most of my funds are in a money market account at our small community Bank of Alameda (rated as “performing” on bankrate.com.) Would it be safer to move it to a money market account at Calif’s Golden 1 Credit Union (rated “sound”). Where do you refer members to check the solvency of banks/credit unions if we don’t have an accounting/finance background? I am a single 51 year old female with no family and I am seriously thinking about moving to So. America in the next few years (Villacomba, Ecuador.) I want to protect what I have from the central banking/gov’t corruption and join an eco-village/permaculture type of movement.

    Also, perhaps you could do a show that talks about financial issues and resources for those of us want to move out of the USSA? I’m wondering how many of your investors are making these plans or have already done so. Sadly, I don’t see the police state, gov’t control of our food, health, water, energy slowing down anytime soon. Am tired of most of my taxes going to support the war machine. Add these realities to the Fukushima/USA nuclear reactor radation threats and I don’t see much choice but to move south.

    Thanks for telling us the truth about what’s really going on, while touching on the spiritual/metaphysical aspects. You helped to foster my interest in studying permaculture. 🙂

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