3rd Quarter Wrap Up – News Trends & Stories, Part I

“Cut and run or cut-and-run is an idiomatic verb phrase meaning to “make off promptly” or to “hurry off”. The phrase originated in the 1700s as describing an act allowing a ship to make sail quickly in an urgent situation….The phrase is used as a pejorative in political language, implying a panicked and cowardly retreat…” ~ Wikipedia

By Catherine Austin Fitts

Our 3rd Quarter Wrap Up will be presented throughout October in four parts:

  • News Trends & Stories, Parts I and II  For the next two weeks we will highlight the top news trends and stories with Dr. Joseph Farrell. This coming week in Part I, we will look at Economy and Financial Markets and Geopolitics, including a serious discussion of “cut and run” – the growing signs that insiders are pulling significant money and assets out of the US government and spinning out and cashing out of major investments and liabilitiesThe following week in Part II, Dr. Farrell and I will cover Science and Technology and The Big Questions. Make sure to check our web presentation for the complete listing with links of News Trends & Stories for the 3rd Quarter.
  • Financial Market Roundup: In the third week, we will combine a written Blockbuster Chartology from master technician Rambus with Catherine’s Equity Overview. Make sure to check our web presentation for the complete roundup of financial market charts on September 30 which will be available next week.
  • Theme – Investment Screening: Can We Filter for Productive Companies?-  Finally, our big theme. We look at the investment screening industry and ask whether it is possible to filter for fundamentally productive companies. In August, investors in private prison companies found their stock price down by almost 50% as a result of changes in government policies. Wells Fargo stock is down 18% this year, in part because of a scandal related to falsification of accounts. As the debt-financed growth model comes to an end, investors in companies that are not fundamentally productive face a new set of risks.

In Money & Markets this week I will discuss the latest in financial and geopolitical news, as well as my latest commentary, “Crazy Man vs. Criminal: Cut and Run, Monica Lewinsky II & Real Trouble Ahead.”

In Let’s Go to the Movies, I will review The Night Manager, an adaptation of the John le Carré novel by the same name.  It tells the story of a British effort to indict and prosecute a major arms trafficker. The intelligence operatives are faced with two enemies – the arms trafficker and the upper echelons of their own government, whose interests are intertwined with the lucrative trade. Tom Hiddleston is particularly brilliant in the role of the uncover agent.

Make sure to post or e-mail your questions for Ask Catherine.

Talk to you Thursday!





  1. Hello! I verified your numbers with the Army General Funds Adjustments Report (Report No. DODIG-2016-113). What I do not understand is how the magnitudes are possible, when the entire Federal spend is ~$3.9T on “income” of ~$3.3T.

    Thank you for the insight into this silliness.

  2. Another interesting article on Philippine Pres. Duterte possibly changing the country’s geopolitical relations dramatically – detaching (finally?) from US dominance, while strengthening political and economic ties with China (and possibly Russia, too?). Very curious about how all this plays out in the future. If he continues down this road, Duterte breaks away completely from all his predecessors – ever since the US grabbed the archipelago from a fading imperial Spain after a bloody war against the natives at the turn of the 19th century. The cultural takeover and campaign by the US was very effectively carried out through the rapidly & widely installed US-style educational system – and Hollywood.


  3. “Most people think that the big bank bailout was the $700 billion that the treasury department used to save the banks during the financial crash in September of 2008. But this is a long way from the truth because the bailout is still ongoing. The Special Inspector General for TARP summary of the bailout says that the total commitment of government is $16.8 trillion dollars with the $4.6 trillion already paid out. Yes, it was trillions not billions and the banks are now larger and still too big to fail.” http://www.forbes.com/sites/mikecollins/2015/07/14/the-big-bank-bailout/#7665887c3723

    $16.11 trillion in Bailouts -July 2011 GAO Report to Congressional Addresses FEDERAL RESERVE SYSTEM, table 8, page 131

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