THIS LADY IS GREAT !
NO BEATING AROUND THE BUSH !
Even though financial expert Catherine
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NO BEATING AROUND THE BUSH !
Catherine Austin Fitts:
Major Turning Point
Comes this Fall
Major Turning Point
Comes this Fall
Even though financial expert Catherine
Austin Fitts thinks the chance of total
collapse is "relatively small" she's not
discounting the chance of a major move
this Fall.
Fitts contends, "I think this Fall is going
Fitts contends, "I think this Fall is going
to be a major turning point. You see the
SDR (Special Drawing Rights) system
coming to a head. The US budget is going
to be a very difficult debate. You see the
push to get the Trans-Pacific Partnership
(TPP) and the EU deal done.
"You have a lot of institutional relationships
"You have a lot of institutional relationships
that needed to be restructured in the last
couple of years. Those changes are all
coming to a head, and so we are going to
get a big shift. If you are managing a big
bond fund, you got a big problem...
"There is going to be a turn in the bond
"There is going to be a turn in the bond
market or a plateau, and that's going to be
uncomfortable for those guys, and we are
going to see some messy times."
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