Tuesday, 14 March 2017

Catherine Austin Fitts-Don’t Blame Trump for Ending the Bond Bull Market


Former Assistant Secretary of Housing and financial advisor Catherine Austin Fitts says the Trump Administration is at the beginning of a long war against his deep state enemies. Fitts recommends, “I don’t think it’s an accident that WikiLeaks dumps out documents proving that the CIA has the capacity to do a hack and make it look like the Russians. So, what we are watching are war games. This is like chess. You try to take out the lieutenants before you take out the queen. . . . My guess is you have very significant capacity on the Democrat side, literally hundreds of people and law firms doing surveillance and intelligence, and figuring out how they can weaken the Trump team. Now, what we see coming back the other way, including the WikiLeaks dumps, there is clearly capacity on the other side. The Trump team is going to have to build two lines. The key to being successful in an operation like this is you need a team. In the story of Nehemiah, when the wall was broken, they needed a tool in one hand and a weapon in another. Trump is going to have to put together a war team that can handle and manage the warring back and forth between the factions. You do not want that war to interrupt or undermine your management team. You’ve got to have your Cabinet, and their job is to “Make America Great Again.” Ultimately, that’s how you are going to be judged, and the general population will support you if you keep doing that. You don’t want your team to be buried by war games.”

One of the big headwinds for Trump is the bond market and rising interest rates. Fitts contends, “The long term bull market in bonds is at an end, and rates are going to rise and continue to rise as they should. Savers, pension funds and insurance companies are not getting a return on their capital. To me, this is a welcome. If you are holding a big bond portfolio, they are going to be down, but interest rates are going to rise and the party is over. We have a President who understands the cost of capital and is screaming that it is no longer zero. To a certain extent, you are watching all of Washington blame Trump for the end of the debt birth model. It’s not his fault. He’s just trying to get the culture to switch to reflect something to where the future is going.”

Another big problem Trump is going to have to sort out is human sex trafficking. Fitts says, “The human trafficking, the child trafficking and the pedophilia is a very deep important story and a very bad scandal. Pedophilia for generations is a way you create control files on people, and control files is a way you maintain a political structure that is outside the official law and the official reality. If you are a shadow government, pedophilia is key to creating those control files. It’s a way of managing financial fraud on a very economic basis. It was always out of hand, but now it has gotten wildly out of hand. It was one of the big swing policies between the Trump group and the Clinton group as to what the approach is going to be. If you look at the explosion of arrest around the country, I think that is state and local law enforcement acting to the change in the rule that they clearly see. . . . If you look at how the squabble has gone, it is looking to me that we are getting to the point where he (Trump) may not have a choice. WikiLeaks says that the first round is about 1% of what they have in “Vault 7.” If they dump out another 99 equivalents of what they just dumped out on the CIA, America is going to be in a state of complete shock, which I think will be very healthy. I hope they dump it out. Pedophilia is just the beginning of what’s there to be dumped out.”

Fitts, who has managed hundreds of billions of dollars of assets, says the stock market could blow up to a “Dow of 30,000 or crash down to 10,000.” Fitts tells all her clients to hedge for any scenario and “hold a core position in gold.”


http://usawatchdog.com/trump-needs-a-war-team-catherine-austin-fitts/

[Posted at the SpookyWeather blog, March 14th, 2017.]

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