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Saturday, February 08, 2020 11:59:11 AM
Who is Catherine Austin Fitts?:
https://patriots4truth.org/2018/06/18/who-is-catherine-austin-fitts/
How do you know who to trust?:
https://truthbits.blog/2018/12/02/proof-catherine-austin-fitts-is-the-defender-of-the-senior-executive-service/
The counter argument.
Catherine Austin Fitts
G Edward Griffin
Bill Still
https://thrivedebunked.wordpress.com/tag/catherine-austin-fitts/
Catherine Austin Fitts:
“Catherine Austin Fitts was Assistant Secretary for Housing in 1989-90 under the first George Bush. She is also a Wall Street banker. She currently works for an investment advisory firm called Solari, Inc.”
"Ms. Fitts, along with Mr. Gamble, keeps reaffirming how FRB is used to print more money and enslave more people through debt. Later she makes a comparison with ordinary people counterfeiting money being a crime, while the [central] banks printing money being called “increasing the money supply” as if there’s no distinction here. There is a distinction. I don’t know, maybe it’s related to the fact that central banks are trusted institutions, and they are an effective way to control interest rates and the amount of money being circulated so as to make sure hyperinflation or hyper-deflation do not take place. Yes, said measures can fail, but it’s certainly not the same as “printing money” just for the hell of it."
G Edward Griffin:
"Griffin goes on about how the central banks are cartels that work with governments and have the legal power to create money out of nothing when the government needs it.
I think the “out of nothing” part of the money is not entirely nothing. There seems to be a massive misconception that when a central bank prints more currency, it’s simply creating more money out of nothing. First, it doesn’t happen this way. Even though the money is not backed by a scarce commodity (like gold), the value attributed to it is related to how trusted and reliable the country’s central bank is. Printing more money without the generation of wealth decreases the value of the money. This is why you can trade one US Dollar for 10,000 Zimbabwe Dollars, and the same reason why the Zimbabwe 1000 Dollar bill is worth less than the paper it’s printed on. Printing more money without generation of wealth will lead to inflation and the loss of value for the currency.
[Muertos comment: this has been proven time and time again historically, such as in the U.S. when “greenbacks” were printed to help finance the Civil War. It didn’t work then either.]
The central banks are not only able to create more money. They are also capable of removing money from circulation when needed. For example, during Christmas the US Federal Reserve prints more money to assure all the withdraws will be possible, and then they remove the extra bills from circulation afterwards."
Conclusion
As with much else in Thrive, the “Follow the Money” section is long on rhetoric and short on identifiable facts. There are oversimplifications, important concepts left out, quotes whose truth can’t be identified, and a lot of distortions. This section isn’t done very much better than any other section in Thrive.
Oversimplified with important concepts left out!?!? Where have you heard that before?
Metal salesmen and bankers selling money, selling books, and not fully divulging the way the system works. Preying on ignorance.
Good article. I don't agree 100% with everything in it.
Ying and Yang.
I was fooled for a very long time. I am a skeptic and always worried about being lied to. I was fooled!
Are you being fooled?
"Crisis" after "Crisis" Year after years nothing happens.........
Do you trust your metal salesmen?:
George Soros, Kyle Bass, Eric Sprott, Peter Schiff and the role GoldMoney, Hayman Capital and Dillon Gage have in monopolizing the Texas gold industry by weaselling into the administrative rolls at the Texas Gold Depository and UTIMCO.":
https://www.marketslant.com/article/george-soros-taking-over-gold-market
https://steemit.com/news/@joshsigurdson/exposed-you-won-t-believe-who-s-helping-george-soros-hijack-the-texas-gold-industry
"This is HUGE news! This could actually land Kyle Bass in legal trouble considering his apparent breach of the UTIMCO code of ethics. Namely section 1.08."
GEORGE SOROS!!
We listen to these people but don't question what they are really doing, where they come from and who they work for.
We research companies with a fine tooth comb. Let's start researching the people that are selling this nonsense to us as well........
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