Alert to pension fund managers all over the planet---and to everyone else---
"If 1,000 US and global pension fund managers start asking questions it could change everything - like stopping a nuclear war."
That's a statement from former US Assistant Secretary of Housing and
Urban Development, and now president of Solari, Inc., Catherine Austin
Fitts, who is a financial analyst like no other in our time.
Among other feats, she has identified a giant sucking black hole in the
US government. And what has disappeared down that hole is money. Over
the years,
at least $20 trillion.
Unaccounted for.
Gone.
If you're a pension fund manager, stop reading this article and immediately switch over to these two articles by Fitts:
"The State of Our Pension Funds" and
"'FASAB [Federal
Accounting Standards Advisory Board] Statement 56': Understanding New
Government Financial Accounting Loopholes".
You could begin to see a blinding light that changes your mind and
changes your approach to the staggering debt your fund is dealing with.
And in the process, you could help lead the way to a peaceful
revolution. A far-reaching revolution, in which wide-ranging
prosperity, not doom, sits up the road.
As for everyone else, here are a few of Fitts' quotes from her mind-repairing article:
"So what is the problem? If it's not a problem for $21 trillion to
go missing from DOD and HUD and it is possible [for the government] to
come up with more than $20[plus] trillion to give or loan to the banks
[in a bailout] when there is no legal obligation
to do so and when we [the government] can transfer trillions of the
most valuable technology in the world to private corporations at zero
cost to them and great cost to the taxpayers, I assure you that fixing
whatever pension fund problem there is, is not
difficult. However, the political will must exist and want to. That is
the problem."
"If we can print money to give $20 trillion [plus] to the banks and
let $21 trillion go missing from the federal government, why is it a
problem to print $5 trillion to fund the pension funds?"
Failing pension funds are on the hook for $5 trillion,
and the federal government has no answer? Well, that is a supreme con
job, because, as Fitts points out, the government is playing far larger
money games without a shred of concern.
And this is just the beginning of the rabbit hole Fitts has been
traveling for the past several decades. Here is her basic position:
Prosperity for the many, not the few, is eminently possible and doable.
Starting from that premise, and deploying her relentless skills as an
analyst, she has discovered the strategies the government and
mega-corporations have been deploying to undermine and torpedo an
economically healthy society.
Finding and illuminating these strategies was not her basic intent. Her
basic intent was lifting all boats for the citizenry. In pursuing that
course, she came upon the secret obstructions.
And because her desire to help people did not waver in the slightest,
she didn't turn away. She exposed the obstructions. She continues to
do so.
She writes: "Family wealth has the distinct advantage of returning
control of investment decisions to individuals. However, this is hardly
what the US establishment wants."
"Our planetary governance and financial system currently operates
significantly outside of the law. Whether the cost of war, organized
crime, corruption, environmental damage, suppression of technology or
secrecy, this lawlessness - and the lawlessness it encourages
in the general population - represents a heavy and expensive drag on
all aspects of our society, our economy and our landscape."
Fitts cites an example of corporate choices in this lunatic money
scam---General Electric: "By some estimates, its pension fund is
underfunded to the tune of $31 billion. However, during the time its
pension fund became so underfunded, GE spent $45 billion
to buy back its publicly traded common stock. The needed funds were
there at one point; it's just that the leadership of the company decided
to funnel it into stockholders' hands rather than to the pensions of
the employees who helped build the company."
Do you have a pension fund manager? Do you know a pension fund
manager? Link them to Fitts' article. It's long past the time when
they can sit back and moan about the trouble they're in. They need to
learn about the underlying forces at work. (And if they're
a conscious part of the problem, let them learn that their game is
exposed.)
Look around you. Money is everywhere. Titanic piles of it are
flowing. The question is, to whom is it flowing, and how, and why?
Within the current system, there are designated winners and losers.
This has to do with criminal controllers posing as benefactors.
They steer the money ship. They dump shipments of money at certain
favored ports and keep shipments from reaching many other ports.
I know there are people out there who will say, "It's all about the
illegal Federal Reserve and the transnational bankers." That's like
saying the drug problem is all about the Mexican cartels---but then,
digging further, you also come across the expanding
opium poppy fields in Afghanistan, the hands-off collusion in Chicago
that permits the city to act as a primary hub for drug distribution in
the US, the pharmaceutical companies that traffic millions of opioid
pills to dealers, and the 2016 law that strangled
DEA efforts to bust those companies.
The devil is in the details, and Fitts has uncovered an astonishing number of them.
I first came across her work about ten years ago, when we spoke several
times about her specific method enabling local communities to discover
money flows---the sources of money coming into their towns and cities,
and the destinations of money going out. This
brilliant tool would give communities the power to see exactly how
money was impoverishing them, rather than enriching them. In an effort
to make that tool widely available, thus pointing the way for
communities to change those flows and foster local prosperity,
Fitts ran into legal trouble with the federal government---and
"trouble" is a vast understatement.
She emerged, after a long battle, with her primary goals securely intact.
She has answers and solutions.
Answers that are vital for our time.
Fitts was once an insider and had a front row seat at the money circus.
Now, her ongoing enterprise is solari.com. I highly recommend it to
you.
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