Greg Hunter – 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.

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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.” Continue reading →