3rd Quarter Wrap-up

“There’s a plan in everything, kid, and I love it when a plan comes together.”
– Col. John ‘Hannibal’ Smith

By Catherine Austin Fitts

The world I refer to as the “legacy systems” is fading and a new world is being born.

But, what’s driving economic growth? How are events behind the scenes impacting economic growth? What does this mean to financial markets? Finally, what does this mean to you?

Let’s look back over the 3rd quarter of 2013…

The Legacy Systems “Downshift”
Now that the financial coup d’etat has moved trillions out of government funds and retirement systems throughout the developed world, an effort to reduce expectations is underway. The result is becoming very unpleasant for everyone.

Control is Backfiring
From engineering consent for a war in Syria, to eavesdropping on the G-20 leaders, to Putin playing the GMO-card, to exploding smart meters on homes, plans for “friendly fascism” are stalling and sputtering.

The Digital Heartland Revs Up
The financial coup has shifted capital into mechanisms which are reinvesting in technology and innovation at breakneck speed. But, this time it’s not just happening in Silicon Valley – new technologies are popping up in the U.S. heartland, whether it’s factories, farms or infrastructure.

Space Beckons
From Popular Science to the MIT Technology Review, talk of outer-space seems to be everywhere these days. NASA is moving forward in a privatized model at the same time that “coup capital” appears ready to make big bets on off-planet resources.

Join me on the Solari Report this week for a look at how these changes are unfolding. Solari Report Wrap-Ups are times when I step back to examine the deeper trends at work in our world. I’ll be sharing “wildcard” scenarios I keep on my risk-management list. I’ll also discuss my outlook for the fourth quarter and for financial market performance.

In Let’s Go to the Movies, we’ll look at the latest re-make of The A-Team. I love action movies and this one has the ideal “moral of the story” to help you stay amused in the 4th quarter.

Talk to you Thursday!


  1. Catherine,

    The quarterly wrap up ended at
    the forty minute mark and it sounded
    as though it ended in the middle.
    What happened.
    Where or how can I listen to the rest.

    Thanks, Steven

  2. Steven and Mary:

    Yikes! I am so sorry. Yes there is more. Can you download the file and listen to a downloaded version. With that version you should be able to start and stop anywhere within the file.

    We are going to start putting up the listen option in segments to help address this issue.



  3. I am told by a Texas Electric grid reporter, that distribution separated out from transmission is quite a change for utilities and their customers. Here in Austin, our electricity is by a city owned utility. a recent rate change to correctly differentiate those service in the fee structure was too hard for customers to handle. The utility had to leave part of the distribution cost recovery in the rates for use at the last rate change.

    On solar, a friend has a few panels and some batteries, he said:
    what I generally see neglected, is that the grid acts as the giant buffer for all this cheap “distributed solar”. No grid means no go.
    The panels and inverters are not the big expense. The buffering capacity is the big expense.
    I keep seeing stories that beat up on the utilities, while assuming that they will always be there to help the new “innovators” make profits by putting solar on your roof and leasing it to you.

    And wow, the full length quarter wrap up, shifted my foundation!

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