“We interviewed about 2,000 of our clients and we got a very sobering message from them. They said: ‘Well, you should realize that we all need banking, but we don’t need banks.” Ralph Hamers, CEO, ING Group, Netherlands
By Catherine Austin Fitts
The pace of events in the 2nd Quarter was explosive!
The Solari Report team has carefully culled the most important News Trends & Stories from our website weekly Top Picks throughout the last three months. Our Top Picks editor, Texan Brad Eddins, has made quite an effort to help me identify the most valuable sources for you. I had the opportunity to visit and review our choices with Dr. Joseph Farrell before we recorded our discussion on this section and included his invaluable suggestions. Numerous allies and subscribers sent comments. Whether weekly Top Picks or the 2nd Quarter Wrap Up News Trends & Stories, our choices also reflect the rich flow of links and suggestions Solari Report subscribers sent throughout the 2nd Quarter, for which we are most grateful.
Our goal is to ensure that you are exceptionally knowledgeable about current events, but with a minimum investment of your time.
Economy & Financial Markets
The global economy is slowing while financial markets are managing risk and uncertainty, both of which grow as the change to a multipolar world accelerates. Risk and uncertainty took a big step in the last week of the 2nd Quarter when the United Kingdom voted to exit the European Union. Brexit signals a momentous shift is underway.
Brexit Roiling Markets
- World Stocks Tumble as Britain Votes for EU Exit
- The Sky has Not Fallen After Brexit but We Face Years of Hard Labour
- UK Credit Ratings Cut: S&P and Fitch Downgrade Post-Brexit Vote
Global Slowdown
- G7 Vows Growth Efforts as Japan’s Abe Warns of Global Crisis
- ‘Act Now or Risk another Deep Downturn,’ OECD Warns
- Internet Boom Times Are Over, Says Mary Meeker’s Influential Report
- The World’s Most Elite Conference this Year will Discuss Something Called “The Precariat”
- World Bank Cuts Global Growth Outlook as Rich Economies Stumble
- Earnings Forecasts Always Get Cut, but 2016 has been Particularly Terrible
Global 3.0 Rising
- Mind-controlled Car Unveiled in China
- A Fleet of Trucks Just Drove Themselves Across Europe
- High-Speed Hyperloop Hits 116 mph In 1.1 Seconds During First Public Test
- NVIDIA Launches World’s First Deep Learning Supercomputer
- Coding School 42 Plans to Educate 10,000 Students in Silicon Valley for Free
- Foxconn Replaces ‘60,000 Factory Workers with Robots’
Surveillance Capitalism
- You can Now be Identified by Your ‘Brainprint’ with 100% Accuracy
- Uber Says Gave U.S. Agencies Data on More than 12 Million Users
- CIA-Backed Artificial Intelligence Firm To Spy on Wall Street Traders
Financial Hot Potatoes
- Negative & Low Interest Rates
- McKinsey Global Institute: Why Investors May Need to Lower their Sights
- Schwab Is Forcing Cash Out Of Money Market Funds And Into Treasuries
- Equities over Bonds, but Expect Lower Returns for Longer, Societe General Says
- Historic Milestone: Negative Yielding Debt Surpasses $10 Trillion For The First Time
- Post Brexit, Odds are Up for Fed Interest-rate Cut
- Productivity: The Health Care, Education & Government Re-nengineering Cock-up
- US Budget Hot Potato
- Pension Fund Hot Potato
- Commodities & Oil
- Flows
- Volatility, Uncertainty
The Future of Food
- Introducing the Solari Food Series
- EU Nations Fail to Approve Weed-killer Glyphosate
- Russian State Duma Bans Import and Production of GMOs
- Calling ALL Venezuelans to the Table
- DARK Act Compromise Could Preempt Vermont’s GMO Label Law
Geopolitics
Brexit and the US presidential campaign sent shock waves around the world as the backlash against centralization and the unipolar United States grew. Continued growth and investment in Asia is rebalancing trading relationships. Asian per capita incomes are headed for convergence with G-7 incomes while Latin American and African incomes are lagging.
In the 3rd Quarter, look for —
- The restructuring of China’s economy to continue to ruffle feathers.
- The British Commonwealth to seek a modern soft power role heeding ancient trade and traditions.
- Growing concern regarding inequality and low productivity growth despite dazzling innovations in science and technology.
The Shift to a Multipolar World
- USS Donald Cook Buzzed By Russian Aircraft… Again!
- Putin Orders Forming of Russian National Guard Force
- Putin Declares Reshuffle in Russia’s Law Enforcement Agencies
- Moscow Voices Alarm as NATO Romanian Missile Defense Base Goes Live
- A Russian Warning
- Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill
- Report: Germany ‘Annexing’ Dutch Military As Secretive EU Army Begins To Take Shape
- ‘Time for Bundeswehr to Grow’: Germany Announces 1st Army Expansion since Cold War
- The Panama Canal: Wider Impact-What the Expansion of Panama’s Waterway Means for World Trade
- Putin Backs ‘Just’ Solution to Israeli-Palestinian Conflict
The Silk Road Grows
- World Economic Forum: Rethinking Global Growth | Min Zhu
- Moscow & Shanghai Seek to Dominate Gold Trade
- Chinese Firms Boost Construction of New Egypt Capital
- Vladimir Putin Imagines Hyperloop Silk Road
EU: What’s Next?
- News and Views from the Nefarium June 25 2016 on the Brexit
- Brexit: What Happens When Britain Leaves the EU
- Brexit: U.K. Votes to Leave EU —GIS Coverage
US Presidential Campaign Rocking the World
“Because my country is in trouble. Because I felt anguish at all the estrangements. Because some things that shouldn’t have changed have changed. Because too much is being lost. Because the great choice in a nation of 320 million may come down to Crazy Man versus Criminal.” ~ Peggy Noonan on the US presidential campaign
- That Moment When 2016 Hits You [Subscription required]
- Susan Sarandon Crucified For Making Sense On Hillary Clinton
- Virginia Governor Restores Felon Voting Rights
- Hurdles to US Ratification Leave Fate of TPP Deal Hanging
Obvious Assassination & Covert Operations
- A Second Zurich Insurance Executive has Committed Suicide
- Two Key Players In Flint’s Water Crisis Died Last Week
- Kennedy’s Swings, Scalia’s Death Define Volatile Supreme Court Term
Hot Spots Rise
- Are We Sovereign?
- Soft Revolutions, Soft Weapons
- South China Sea
- Immigration
Science & Technology
We are indeed in a golden era of innovation. Advances in science and technology are dazzling. However, such advances are not translating into greater productivity growth or a better quality of life for many people. Nevertheless, innovation continues to accelerate. This change includes our investment in becoming a multiplanetary civilization.
The Space-Based Economy
- The US is Close to Approving the First Ever Private Moon Mission for 2017
- United in Space: China, India Pave the Way to BRICS Cooperation in Space
- NASA Historic Announcement: More than 1,200 New Planets that Could Hold Life Found
- That Bariloche Visit…Again: Strange Goings on in Space
- US to Move Space Assets into Deep Space
- Reaching for the Stars, Across 4.37 Light-Years
- China Wants to Land on Mars by 2021: Top Official at the Country’s Space Agency Reveals Plans for Mission to the Red Planet
- Ready for Blast-Off: Lockheed Martin Launches Educational Program to Prepare America’s Students for Deep Space Exploration
Blockchain
- How Blockchains Could Change the World
- World’s Largest Payments Network Visa Plans Blockchain Push from India
- Central Banks Conspire to Harvest Bitcoin’s Revolutionary Technology
Health Freedom
- Recap on my Unintended Series: The Holistic Doctor Deaths…
- Vaxxed From Cover Up to Catastrophe – At Current Rate, 80% of US Male Children may be Autistic by 2032-TRAILER
- Vaxxed: “Get Off the Bus!” Sheila Lewis Ealey Unites Compton!
- New Vaccines will Permanently Alter Human DNA
- Another CDC Whistleblower Adds Fuel to Vaxxed Film’s Fight Against Censorship
- Watch Robert De Niro Speak Candidly About Anti-Vaccine Documentary, His Son, Autism, and More:
- Former NBC Boss Asserts His Grandson Damaged by Vaccines
- Florida Town Buzzing Over Biotech Mosquito for Zika Defense
- US Death Rates Increase In 2015
- Global Life Expectancy Increases to 71.4 Years
Zero-Integrity Systems
- Cyber Crime Costs Projected To Reach $2 Trillion by 2019Anonymous Shuts Down Bank of England and 12 more International Banks
- Vail School District Moves Beyond Textbooks
- JP Morgan Wins Dismissal of Madoff Investors’ U.S. Lawsuit
- States Seek Solutions to Deal with Cyber Threat
Innovation
The Big Questions
The big questions keep growing, underscoring the transparency necessary for us to find real solutions to the challenges before us.
Who (or What) does Richmond Valentine Want?
The Future of Cash
The Future of income
Economy: Open or Closed?
- Temple of Baal Arch Canceled for New York City
- The Opening Ceremony of the World’s Largest Tunnel Was a Bizarre Occult Ritual
The US Dollar as Reserve Currency: Did Brexit Ring the Bell?
We have known that the US dollar was “dangerous and dominant” and that its primacy as global reserve currency would not last forever. It looks like Brexit may be the beginning of the end.
With dollar borrowers around the world, the dollar should have some financial strength in the short and intermediate term. But, even if invisible military fire power can protect the dollar for some period of time, the general population is unlikely to share the financial benefits.
In the long term, people who depend on the dollar need to be prepared for increases in expenses. With government cash flows tightening, it is time to protect individual and community sovereignty, including local privacy, property rights, and the right to create and us local currencies and equity vehicles.