Monday, January 31, 2011


The following is an excerpt from an interview with Catherine Austin Fitts on Chris Martenson's blog. It would be well worth your time to go over and read it.

"The federal financial model is institutional and its ultimate governance is outside of the government.

The choice of candidates impacts the quality of the political appointees, which factions get the large portion of the benefits of controlling the flow of contracts and pork, numerous incremental policies as well as the tone of the Administration.

However, the federal government lacks sovereignty. It lacks financial sovereignty - it is financially dependent on the banks that control its depository and slush funds, create the currency through the Federal Reserve and manage the accumulated capital of the same syndicates outside the government. It lacks information sovereignty as its data, information and payments systems are controlled and operated by private corporations, primarily defense contractors. If we could dig out the true ownership of both banks and defense contractors, my guess is that it would look identical. Finally, the members of the Administration have no way of guaranteeing their safety and the safety of their families if they defy orders of those who have the weaponry and power to enforce their will by any means necessary.

This means that essentially there is no government as many of us think of it. It also means that the governmental mechanism is quite fractured with many competing interests that lack an organizing mission. They simply share an organizing imperative to control and concentrate credit and cash flow and to enforce the liquidity of currency and credit that makes the system go."

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