The Global Financial System with James Turk

May 21, 2015

Global Finance

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The Solari Report 2015-05-21


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The Solari Report 2015-05-21


May 28: Creative Destruction – Launching a Breakthrough Product with Mark Dansie

June 04: The Meaning of Negative Interest Rates with Don Coxe

June 11: The Bilderbergers with Dr. Joseph Farrell

““The West won the world not by the superiority of its ideas or values or religion (to which a few members of other civilizations were converted) but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do.” ~ Samuel P. Huntington

By Catherine Austin Fitts

I have experienced five or ten major intellectual moments which have changed my life.

Somebody will say something which is so profoundly insightful that, from that moment on, your paradigm shifts and your framework of looking at the world is entirely different.

One of those moments – it is certainly in the top five – happened when I first heard James Turk speak in London. He used the expression central banking warfare model and explained this concept.

At that moment, everything shifted for me. I said, “That’s it. That’s the model!!”

James Turk, founder and chairman of GoldMoney, returns to the Solari Report this week for a fascinating discussion on the global financial picture. James has over 40 years experience in international banking, finance and investments. He began his career at the Chase Manhattan Bank where he worked on assignments in the Far East and subsequently served as manager of the commodity department of the Abu Dhabi Investment Authority.  I consistently value the logic with which James views the global financial landscape – his vision is strategic and grounded in decades of experience with managing global assets.

Here are a few of the topics we’ll discuss this Thursday:

  • The Fed looks like it won’t be raising interest rates by any meaningful amount – the US government can’t afford to.  We’ll discuss why.
  • Even though the dollar has risen, the US economy is soft. There was a real expectation that the US economy would be reasonably good in Q1, but (when you back out inventories) it deflated. The problem with throwing a dollar bear trap is that the US could end up shooting itself. We’ll explain why.
  • The great mystery: what will happen to derivative interest rate swaps in a rising interest rate environment?
  • We keep draining productivity in order to centralize the economy. But, at some point, you can’t keep draining productivity without major dislocations.

Please join James Turk and me on the Solari Report this week! Not a subscriber? Learn more here…

Related:

In Let’s Go to the Movies, I will discuss the documentary Particle Fever. This film explores the Large Hadron Collider in Switzerland — it’s history, it’s purpose and how it may soon change humanity’s view of the universe.