Greg Hunter – Financial expert and investment advisor Catherine Austin Fitts contends the Federal Government allows pension funds to be robbed. Fitts explains, “Our pension funds have real money. Those pension funds basically finance the government and what the government is doing. So, they buy Treasury securities, and then the government turns around and gives that money to the black budget firms. It goes down the rabbit hole, and, meantime, what we get back in our pensions is an IOU from the government, which now we owe ourselves.
We are giving up real money, and what we are getting is an IOU from ourselves back. If you step back and look at it at the highest level, it is a huge money laundering scheme.”
And if you think because you don’t have a pension that this problem does not apply to you, then think again. Fitts says, “The liability that can come back and bite you is enormous. This is going to roll back and bite you one way or another as a taxpayer, whether federal, state or local. The other thing is if your parents show up at your door with their pension funds cut and say, ‘Hey, can we live with you? What are you going to say? No, you can’t come in?’ You are talking about something that can cut incomes all over your network of friends and family and that will also affect you. So, this is going to affect you one way or another.”
On President Donald Trump, Fitts says he’s not going away. Fitts points out, “Clearly, purges are happening, and this looks like a major purge is on the way. We don’t know what it means yet. I will say this, it seems to me Trump’s position is stronger . . . and one of the reasons it’s strengthening is if you look at the promises he’s made, he’s doing quite an extraordinary job given the difficulties on delivering on many of those promises.
The challenge is the way he talks and the way he communicates is not presidential. . . . The question in the 2018 election is how’s he going to do? You need Republicans to pull together. . . . Now that he’s engineered the tax reform and the repatriation of cash, the economy should be relatively strong in the military and corporate sectors. . . . But you still have the middle class getting squeezed.”
In closing, Fitts, who was an Assistant Secretary of Housing in the Bush (41) Administration, says, “The reason why we did the pension fund study is because if we are going to stop the corruption, you have to stop our money being used to finance the corruption. So, you and I have to make sure our money is not financing the thing that’s killing us, and that’s what’s going on.
Join Greg Hunter as he goes One-on-One with financial expert Catherine Austin Fitts, Publisher of The Solari Report.
SF Source USA Watchdog Mar 2018