Catherine Austin Fitts tells Greg Hunter a Mother Lode of Trouble Coming with Federal Budget
What is the biggest financial problem the world faces? Investment manager Catherine Austin Fitts, who is an expert in the federal budget and a former Assistant Housing Secretary, says, “The reality is the big mother lode on the whole planet, whether you are talking about derivatives, the bond market or the stock market, is the U.S. federal budget. What is slowly begging to happen is the dawning realization that we are not only going to have to reengineer and cut the federal budget, but we are talking about reinventing the U.S. economy. There are going to be extraordinary choices, and this is why nobody wanted to be the Speaker of the House. Paul Ryan did not want to be the Speaker because Paul Ryan knows this is coming. They will probably be able to delay it until after the election (2016), but then after the election, we’re going to have to sit down and say we can’t keep doing this. Why is this relevant? All the markets globally work off the federal budget. It is extraordinary the amount of cash flows and credit that work off the federal budget. The credit and cash flows coming out of that budget are enormous. The reality is it is going to have to be reengineered. That’s going to be a very shocking experience for many people.”
The big losers, according to Fitts, are “anybody getting a government check or contract.”
Join Greg Hunter as he goes One-on-One with former investment banker Catherine Austin Fitts, creator of the Solari Report.
All links can be found in the After the Interview section on USAWatchdog.com http://usawatchdog.com/real-danger-is…
Source: http://blogdogcicle.blogspot.com/2015/11/catherine-austin-fitts-tells-greg.html
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