The Non-Revolution in Digital Payments with Eric Hughes – March 7

Subscriber Content and Resources

Read the Transcript

Download the Transcript

Listen to the MP3 audio file

The Solari Report 2013-03-07

Download the MP3 audio file

Audio

Audio Chapters

1. Introduction

Welcome Slide

2. Theme The World Moves Forward

Theme Slide

3. Money & Markets In Money & Markets, Catherine discusses leadership in China, the U.S. debt ceiling, Hugo Chavez’s death, and many other important news stories of the week.

Money and Markets Slide

Debt Ceiling Slide

Sequester Slide

Chinese Change of Leadership Slide

4. Hero Our hero this week is musician Sixto Rodriguez.

Hero Slide

5. Ask Catherine Catherine answers subscribers’ questions about “bloodliners”– stories of children being placed through the middle class who are in fact adopted or fathered by a royal or wealthy family.

Ask Catherine Slide

6. Interview Catherine and Eric Hughes discuss the payment and clearing systems that we depend upon and shed some light on the BitCoin issue.

Interview Slide

7. Closing

· Mar 14 Coming Clean: PMMR with Franklin Sanders and Edwin Vieira

· Mar 21 Starting a Solari Circle Investment Club with Paul Ferguson

· Mar 28 Jon Rappoport and Catherine discuss Exit from the Matrix.

Closing Slide

 
Additional Resources

The Refiner’s Fire: The Making of Mormon Cosmology

The Payment System: Design, Management, and Supervision by Bruce J. Summers

A History of Money: From AD 800 by John F. Chown

Precious Metals – Top Ten Dates in American History – Apr 2011

Cypherpunk Rising: WikiLeaks, Encryption, and the Coming Surveillance Dystopia

Comment on this blog post


“So long as it is digital and centrally controlled, Mr. Global could not care less whether the new currency system is called dollar, peso, franc, gold, silver or wampum beads. ~ Catherine Austin Fitts

By Catherine Austin Fitts

It was the 1990’s. Eric Hughes was a brilliant mathematician from Berkeley, a founder of the Cypherpunks and an entrepreneur with a deep interest in the payment systems that serve as the financial train tracks of the global economy. My company in Washington was growing, investing our profits in financing software tools and venture vehicles that would allow small business and communities to circulate and build equity. We both believed that digital technology could revolutionize our investment model.

That revolution, however, did not happen. Instead, Silicon Valley was pumped and dumped in the dot.com boom, while Wall Street created a sky high pile of mortgage bubbles and derivatives and the banks drove the payment system deep into the last mile of retail transactions.

In the process, Eric and I learned a great deal about the “deeper” organization of our financial system.

Where does this leave us and what’s next? Eric joins me this coming Thursday night to talk about digital money – the state of global payment systems, currency wars, the shift to mobile payments and wallets, and what this means to me and you and, yes, answers to your questions about Bitcoins!

To celebrate that dreams can and do come true, in Let’s Go to the Movies, I will review Searching for Sugar Man, winner of this year’s Academy Award for Best Documentary Feature and British Academy Film Award for Best Documentary. The film tells the story of two South African fans who set off to find out what happened to American musician Sixto Rodriguez, whose music was a smash hit in South Africa, but never took off in the U.S.

http://www.youtube.com/watch?v=8hEojBYmR-o

I will start with Money and Markets. Please post your questions for Ask Catherine on the blog. Talk to you Thursday!

Subscribe
Notify of