By Catherine Austin Fitts
When central banks and governments print and borrow money without limit, and use that money to engineer wild discrepancies in cost of capital, a very perverse culture and economic practices are a fait accompli. Add to that a hidden system of finance and black budget run by insiders with the ability to kill with impunity and act above the law, and pretty soon you are going to create a system that operates as ours does.
Unfortunately, the author of Unaccountable, Janine Wedel, an anthropologist who teaches at George Mason, is not schooled in finance and economics, let alone in the covert side of life. The result is a book that has some interesting stories but skates on the surface of things and proposes solutions that will make things worse. Trying harder and writing more rules is the equivalent of suggesting – as the water rises in the boat that has sprung a major leak – that we hand out more spoons for passengers to shift water overboard.
If you want more stories about US corruption, you will find them here. If you want insights about what is really happening and why, this one is not for you. Financial and economic literacy is a must if you want to navigate your world. Unaccountable is another example of why you do not want to proceed without it.