Greece is Disaster Capitalism – Catherine Austin Fitts with Greg Hunter
Catherine Austin Fitts – Central Bank Warfare Model Wearing Thin
by Greg Hunter
USA Watchdog
Investment banker Catherine Austin Fitts says the world is getting tired of what she calls “disaster capitalism.” What does she mean? Look no further than Greece as Fitts explains, “Greece essentially looks to me like disaster capitalism. You are trying to get another positive return by liquidation, but the reality is if you liquidated the global economy, you are not going to get a positive return. The game can go on for a while. The reason I said Greece and Puerto Rico rang the bell is you can see this game is getting very old. The IMF (International Monetary Fund) . . . is saying this is not sustainable. This debt is not sustainable. This is why this is important. When we loan money to somebody and it is predatory, we reduce the ability of paying back the debt. So it’s a lose/lose situation. If you skim off the top as a predator, you get a kick, but the reality is the longer you play that game, you cannot get a return on the money you have stolen. What I am saying is it is a spiral down, and it’s not going to work. . . . The IMF is saying we can get more debt paid back with a sustainable plan than we can get with an unsustainable plan.”
Fitts says what you are really seeing is change of attitude from around the planet on how to grow the economy. Fitts explains, “What is beginning to happen is the feedback loop is coming back around, and it’s coming in from the BRIC nations. It’s coming in from the Greek people, and what they are saying is we need an economy that produces wealth if we’re going to get anything done. Whether it’s getting kids working again or get debt paid back, there is a rational voice that is coming back through, and it’s a human voice that is saying inhuman plans can only depopulate or bring war.”
Continue Reading at USAWatchdog.com…
Source: http://financialsurvivalnetwork.com/2015/07/greece-is-disaster-capitalism-catherine-austin-fitts-with-greg-hunter/?utm_source=rss&utm_medium=rss&utm_campaign=greece-is-disaster-capitalism-catherine-austin-fitts-with-greg-hunter
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