3rd Quarter 2010: Looking Back

by Catherine Austin Fitts

In our year-end wrap up, 2009: The Year of the Giant Vampire Squid, I said that in 2010, the “Year of the Tiger,” that the road would turn east and that the geopolitics of the Grand Chessboard would dominate capital flows and military actions. In the United States, the gears would grind as unemployment, pain in housing and real estate markets and state and local government budget adjustments continued.

Sure enough, as we tracked in our 1st quarter and 2nd quarter wrap ups, that is exactly what has happened.

What’s new is the global realization that the global debt and derivative system is both fundamentally fraudulent and, therefore, fragile. This is a game changing consensus – one that makes maintaining system liquidity and managing the slow burn more difficult.

More wars, more force, more covert operations, more “shock and awe” are required to balance exploding amounts of paper with a shrinking real economy struggling to overcome the drain of being harvested by inflation, corruption and an endless progression of wars, both domestic (wars on poverty, drugs and terror) and foreign (Afghanistan, Iraq).

We will be talking about:

  • IRAs and 401(k)s: The Trap Door Starts to Close
  • American and European Retirement Benefits: Is There Any There There?
  • Election 2010
  • The Gulf Oil Spill
  • The Squeeze on Wall Street
  • Health Care, Food & Internet “Reform”
  • Energy Technology: Time to Come Out of the Closet?
  • Are the Black Budget Boys Leaving the Bilderbergers Behind?
  • Unemployment: No End Game in Site
  • UFOs: the Next Scare Tactic?
  • Housing and Real Estate Markets: More Mortgages than Houses?
  • Municipal Markets: Will Drug Reform Bolster Municipal Credits?
  • Equity Markets: The Shift to the Emerging Markets
  • Bond Markets: Sovereign Debt Wars
  • Currency Markets: Downing the Dollar
  • Commodities and Precious Metals: Up, Up & Away
  • The Bottom Line: Can the Slow Burn Continue?
  • Heroes & Opportunities

I will cover Money & Markets and questions in Ask Catherine, so make sure to post any you have.

In Let’s Go to the Movies, I will review Eric Merola’s remarkable documentary, Burzynski, which offers important insight into US health care, why it is so expensive and what we need to do to access care we can trust. I will also comment on Oliver Stone’s latest Wall Street: Money Never Sleeps.

View the video at YouTube

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You can learn more about The Solari Report and subscribe here. Subscribers listen live by phone or through the web and at their convenience by accessing our complete archive of MP3 files.

This week’s Money & Markets charts will be posted at the blog.

I hope you’ll join us.