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Catherine Austin Fitts
Publisher of The Solari Report
The Solari Report's mission is to help you build wealth in ways that build real wealth in the wider economy. We believe that personal and family wealth is a critical ingredient of both individual freedom and community health and wealth.
Catherine Austin Fitts - Latest News [Page 7]
The Fed Did Indeed Cause the Housing Bubble
Tuesday, 17 March 2009, 12:18 pm | Catherine Austin Fitts
In his article on your opinion page, “The Fed Didn’t Cause the Housing Bubble,” Alan Greenspan attributes the housing bubble to lower interest rates between 2002 and 2005. That’s amazing to me. More >>
The Data Beast: An Analysis
Friday, 13 March 2009, 2:11 pm | Catherine Austin Fitts
As the corruption spread throughout our society in the 1990's, I was forced by circumstance to estimate how the operations of systemic physical and financial violence in our society work. How is so much financial fraud engineered? How was it millions of Americans ... More >>
Brother, Can You Spare a Trillion?
Monday, 9 March 2009, 9:38 am | Catherine Austin Fitts
The full page ad in Ruppert Murdoch’s Wall Street Journal for its “Future of Finance Initiative” starts off by saying that the financial system has stopped working. More >>
Mapping the Real Deal: States vs. Feds
Wednesday, 18 February 2009, 10:07 am | Catherine Austin Fitts
There is a war going on but it is not one we are reading about in the news. As tax revenues decline, the federal government can operate with deficits. By law, states and counties must balance their budgets. Given that federal law and regulations create ... More >>
Mapping the Real Deal: Rethinking Diversification
Wednesday, 4 February 2009, 2:33 pm | Catherine Austin Fitts
For our entire lives most of us have depended on highly centralized systems. Our food comes from a thousand or more miles away. Our savings is shipped into distant financial centers and invested by strangers in enterprises run by strangers. We watch ... More >>
Mapping the Real Deal: Financial Coup d’Etat
Wednesday, 4 February 2009, 2:28 pm | Catherine Austin Fitts
In the fall of 2001 I attended a private investment conference in London to give a paper, The Myth of the Rule of Law or How the Money Works: The Destruction of Hamilton Securities Group . More >>
The Real Deal: The Godfather's World -- Your World
Thursday, 22 January 2009, 2:26 pm | Catherine Austin Fitts
A true family is a group of people who invest in each other's skills and future. Within such a family, no person is expendable. Throughout history, financial wealth has been organized around families. Many of the powerful institutions in our society, ... More >>
Financial Coup d’Etat & Your 401(k)
Thursday, 15 January 2009, 10:58 am | Catherine Austin Fitts
In 1997, I had approximately $500,000 of assets sitting in a 401(k) at T. Rowe Price. The funds represented a portion of the money I saved while working on Wall Street. After I left the Bush Administration, I used these funds, along with the proceeds ... More >>
Will Defense Run the “Real” Stimulus Package?
Monday, 12 January 2009, 10:23 am | Catherine Austin Fitts
In fiscal 1999, the Department of Defense was “missing” $2.3 trillion dollars. To put that amount of money in perspective, it is approximately 3X what President-elect Obama is proposing to spend to revitalize America . More >>
Financial Fraud: The Tip-Off
Thursday, 8 January 2009, 12:10 pm | Catherine Austin Fitts
"Tell me why I'm so lucky!" This was the challenge hurled by the head of Capital Markets of my former Wall Street firm at any trader who booked a profit. My partner, who ran our trading business, had the Head of Accounting sitting outside his office ... More >>
2008: Looking Back
Tuesday, 23 December 2008, 11:53 am | Catherine Austin Fitts
The global financial bubble burst in 2008 — and that’s a good thing. It means that the bubble economy will stop draining the real economy . Instead of capital being invested in fraudulent mortgage securities, derivatives portfolios, and companies ... More >>
Statement From G-20 Summit: In English
Friday, 21 November 2008, 11:36 am | Catherine Austin Fitts
The Editor of Expresso in Portugal wanted my take on the recent G-20 communique . Here is my “translation” of the official statement: 1. Now that the growth of debt and derivatives bubbles has stalled, we are committed to using governmental-central ... More >>
Can Communities Serve as Financial Safe Havens?
Saturday, 18 October 2008, 6:04 pm | Catherine Austin Fitts
The fall in global stock market prices over the last year has had a significant impact on most Americans’ retirement savings. When monthly 401(k) and IRA statements arrived last week, many small investors saw their investments drop in value by significant ... More >>
Can Communities Serve as Financial Safe Havens?
Saturday, 18 October 2008, 4:52 pm | Catherine Austin Fitts
" target="_blank"> The fall in global stock market prices over the last year has had a significant impact on most Americans’ retirement savings. When monthly 401(k) and IRA statements arrived last week, many small investors saw their investments ... More >>
Freddie and Fannie Become Penny Stocks
Monday, 6 October 2008, 11:37 am | Catherine Austin Fitts
Overwhelming American communities with mortgage, auto and credit card debt as we shift manufacturing and research capacity, jobs and approximately $10 trillion of capital offshore-much of it by illegal means-has been the US economic strategy since ... More >>
Freddie and Fannie Become Penny Stocks
Sunday, 5 October 2008, 8:58 pm | Catherine Austin Fitts
Overwhelming American communities with mortgage, auto and credit card debt as we shift manufacturing and research capacity, jobs and approximately $10 trillion of capital offshore-much of it by illegal means-has been the US economic strategy since ... More >>
Mapping the Real Deal: Financial Permaculture
Thursday, 28 August 2008, 11:32 am | Catherine Austin Fitts
In 1989, I was serving as Assistant Secretary of Housing. The housing bubble of the 1990’s had burst, and foreclosures were rising. The mortgage insurance funds of the Federal Housing Administration (FHA) were experiencing dramatic losses. We were ... More >>
The US Housing Bill 2008: Part IX
Wednesday, 27 August 2008, 4:25 pm | Catherine Austin Fitts
The Peter G. Peterson Foundation is now marketing a new documentary called I.O.U.S.A. I have only seen the trailer. Based on my reading the website and watching the trailer, I'd say that it is slick, Orwellian hogwash. More >>
The US Housing Bill 2008: Part VIII
Wednesday, 27 August 2008, 3:46 pm | Catherine Austin Fitts
Where is all the missing money and how do we get it back? How big is the missing collateral black hole and how will it be resolved? These two mysteries are essentially part of one mystery at the heart of the matter: Who is in charge of—and what are—the ... More >>
The US Housing Bill 2008: Parts V - VI
Friday, 22 August 2008, 4:59 pm | Catherine Austin Fitts
Any government official asked to come up with a workout plan for troubled financial institutions, large portfolios of financial assets and liabilities, and/or places that are financially challenged first must consider all the constituencies involved. ... More >>
