Blimp deflator: Letting out the gas

The economic model is a criminal model, says Catherine Austin Fitts

Posted in economy by Blimp deflator on August 25, 2011

Below is a transcript of part of a discussion between Max Keiser and Catherine Austin Fitts, Assistant Secretary of Housing during the administration of President George H.W. Bush. The discussion was held on August 23, 2011, in the context of a show called The Keiser Report. (See link below.) The securitization of the economy is discussed, and is described by Keiser as “an inherently fraudulent business”. He also describes the current economy as a “ponzi scheme”. Fitts claims “a lot of the fraud is done with the intimate support and involvement of government”, and goes on to say:

“The economic model is a criminal model . . . We have an economy that is dependent on war and organized crime, and, you know, part of the profits of that organized crime is part of what is keeping the whole economy going . It’s not just the banking system, it’s every community in America. . .
“I think at the heart of the matter, Max, it’s not sort of ‘banks out of control’. I think at the heart of the matter it’s physical violence, because a lot of what has happened, particularly, you know, that as I understand in the United States, is . . . is you have people who are afraid to say ‘no’ because the result of saying ‘no’ is physical violence directed at them or their families. I mean, we’ve had lots of people murdered and assassinated, etc., etc. . . .
“The reality is we have a force operating in the world that is completely. . . operating outside of the law and no one yet has come up with a way to stop it.
“We’re talking about violent mobster operations. . . I hate to use a personal example, but I was, you know, a former Assistant Secretary of Housing and I had my own business in Washington and I was helping the Department of Housing and Urban Development essentially run things clean. And you had to get rid of the ‘clean team’ to run the housing bubble, and I was targeted, I was poisoned, I had dead animals left on my doorstep, my house was broken into, people tried to run me off the road.
“You know, it was very, very violent, and it went on for years. So, you know, so people who try and run the Government clean or run Wall Street clean are targeted and literally, you know, have to fear for their lives.
“I mean, people have been dying, so, you know, it’s a very, very dangerous situation, and the challenge is: If you have people who can kill and physically harass with impunity, how do you run a governance process?” (Transcript made by me.)

The Keiser Report: Interview with Catherine Austin Fitts.


Why don’t we bring our soldiers home, Dad?

Posted in afghanistan, new zealand by Blimp deflator on August 23, 2011

Why don't we bring our soldiers home, Dad?
Cartoon from the Manawatu Standard of August 23, 2011. (It follows the news that another New Zealander — Corporal Douglas Grant — has died while fighting in Afghanistan. He is the seventh New Zealand-born soldier to die in that senseless war.)

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The British riots: Faulty analysis from afar

Posted in britain, new zealand by Blimp deflator on August 23, 2011

Disaster when the law is an ass
What the British riots were about
The article by Liam Hehir appeared in the Manawatu Standard on August 20, 2011. My reply was published on August 23, 2011. (To read the above article, click on it to enlarge it.)

Letter writer resurrects Enoch Powell

Posted in history by Blimp deflator on August 19, 2011

Whenever there is any kind of social unrest in Britain, you can be sure that someone, somewhere, will remind us of the infamous “Rivers of Blood” speech by British politician Enoch Powell in 1968. “As I look ahead, I am filled with foreboding; like the Roman, I seem to see ‘the River Tiber foaming with much blood'”, Powell said, after quoting a “constituent” who had told him: “In this country in 15 or 20 years’ time the black man will have the whip hand over the white man.” (Note that the objection was to “the black man” — not to “the Muslim”, as it might be today. The “Islamic threat” wasn’t even on the horizon in those days.) The letter on the left was published in the Manawatu Standard on August 17, 2011. My response was printed two days later, on August 19, 2011.
Letter writer resurrects Enoch PowellImmigrants defended

Bin Laden family’s plan followed with interest

Posted in uncategorized by Blimp deflator on August 19, 2011

Bin Laden family's plan followed with interest
Cartoon from the Manawatu Standard of August 5, 2011.

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The triumph of the Tea Party

Posted in uncategorized by Blimp deflator on August 19, 2011

The triumph of the Tea Party
Cartoon from the Manawatu Standard of August 4, 2011.

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Obama clinches debt-ceiling deal

Posted in uncategorized by Blimp deflator on August 19, 2011

Obama clinches debt-ceiling deal
Cartoon from the Manawatu Standard of August 2, 2011.

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Fundamentalist Jews persecute Israel’s Christians

Posted in israel, religion by Blimp deflator on August 4, 2011

Fundamentalist Jews persecute Israel's Christians
Article from Challenge Weekly, New Zealand’s Christian newspaper, March 8, 1990. I have republished it here in connection with a debate at Shelfari.