The video above features repeat guest Catherine Austin Fitts, a finance expert, and founder and president of the Solari Report.
She’s one of the wisest persons out there when it comes to
understanding finances and how to protect your wealth in the face of
this global wealth transfer.
We also discuss the work of David Webb,1
a former hedge fund investor and a good friend of Austin Fitts. He has
written a book called “The Great Taking,” available for free as a PDF from thegreattaking.com, as well as a documentary by the same name, available on CHD.TV, Rumble and YouTube.
Webb’s book and film detail how the Federal Reserve influences
financial markets, and how its money creation has outpaced economic
growth of the U.S., which is a huge red flag indicating that the
velocity of money (the rate at which money is circulating through the
economy) is collapsing. In short, a major financial depression is at
hand, and when it all falls apart, we will lose everything.
A Financial Coup Is Underway
Webb reveals how central bankers and other globalists have, for at
least five decades or more, carefully planned the coordinated takedown
of the financial system using highly sophisticated strategies, including
the manipulation of derivative markets.
Whatever securities you believe you may own, you’re not the actual
owner of, and when the derivative markets collapse, everything can be
taken from you. At the end of it all, you truly will “own nothing,” as
predicted/promised by the World Economic Forum (WEF).
But there’s more. In her annual
wrap-up, Austin Fitts reviews what she calls “The Many Great Takings,”
because Webb only describes one of them. Wealth is also being stolen
from us in dozens of other ways, and we need to understand them all if
we are to protect ourselves with any amount of success.
“My focus is hugely on remedies, not problems,” Austin Fitts says, “and
when it comes to remedies, you want to make sure you sequence your
remedies against the enemy's various tactics. So, sequencing is very,
very important when it comes to remedies.
The important thing to understand about the great
taking is that the World Economic Forum has told you what they're
planning: It’s 2030 and you have no assets. So the question is, exactly
how are they going to strip you of your assets?
What David is talking about is stripping you of your
securities, but you need to worry about far more than just your
securities. You need to worry about your bank, which he touches on and
does a very good job of describing some of the history around banking.
You have to worry about your real estate. You have to really worry about
your precious metals and other currency alternatives.
You have to worry about your business and your local
investments and then yes, you have to worry about your securities. David
is focused on just securities, which is why we did this section called
‘The Great Taking’ that goes through everything.”
Top Three Priorities
While Webb’s work may raise serious concerns, there are other more
pressing issues that need our attention. Priority No. 1, according to
Austin Fitts, is ensuring we have control over our financial
transactions. Her focus for 2024 is therefore to help state legislators
in the U.S. to work with banks and citizens within its jurisdiction to
protect financial transaction freedom.
“That’s where pushback is critical,” she says. “If
they can get financial transaction control then they can take
everything, and I mean, everything, including your children ...
If you dive in and look at the terms and conditions
that some of these payment gateways are asking for now ... you're giving
them permission to go into your bank account and take everything. It's
frightening.
So, the No. 1 thing to remedy against is financial transaction control. If you go to Solari, we have something called a financial transaction freedom memo.
Print it out and start looking at all the things you can do to protect
yourself from somebody controlling your financial transactions.
If they get that, The Great Taking is on. They take
everything — real estate, securities, everything. So first and foremost,
don't worry about your securities. Worry about your banking and your
transactions.
The second Great Taking is ... food and health. The
push to control the food system is on because to control financial
transactions, they also need to control food because, if you can get
your food and energy outside the banking system, you can survive without
their banking system. This is why we cannot allow a 100% digital
financial system.
The third Great Taking I'm concerned about is the
real estate, because we see an extraordinary move being done to take
control of the land, the real estate, including farmland, which is very
much related to the food.
There are all sorts of games that can be played with
the banking system to default people on their mortgages, and of course,
interest rates and inflation are part and parcel of that.”
As noted by Austin Fitts, the process of reducing the homeownership
rate has been going on for decades. It’s related to monetary policy,
because inflation has doubled the average payment on the median-price
home in America over the last four or five years alone. So, the younger
generation is being completely wiped out and cannot afford to buy homes.
It’s also related to another Great Taking, which is the fraudulent
inducement of student loans. Most of the big banks are paying close to
zero percent for their capital, while students with loans are paying 5%
to 9%, and those with credit card debt are paying 17%. “It’s an
extraordinary differential in the cost of capital that's literally
engineered into the system in a very unfair way,” she says.
A System to Rob Us of Our Security Assets
Austin Fitts goes on to review Webb’s background, and how he came to
the discoveries he made. In summary, financial regulators have created a
way, through the custodian system, of robbing 100% of the security
assets as a senior creditor, most likely through a default of
derivatives.
Austin Fitts is not overly concerned about this, though, because
while Webb believes a legal pathway has been created through the Uniform
Commercial Code (UCC), Austin Fitts and her experts don’t think it’ll
stick. “We are still looking for a UCC expert who can figure this out,”
she says.
What Webb has proven, however, is that there has been an
extraordinary effort by the financial regulators to assert control of
ALL collateral. Austin Fitts believes this was done to keep the
financial bubble going.
“The reason I'm not worried about a grab of the
securities in the near future is because I think the way you grab assets
is by getting financial transaction control to the banking system,” she says. “Once
you have that, you can do everything. You can take 100% of the assets,
including securities. So, I think financial transaction control is
coming faster.
I think in terms of sequencing, a grab of all the
securities is not near. What David would say is, if they get themselves
in a corner, they have to do it. My feeling is they have so many ways
out of a corner, it's not necessary. What they're going to do is what
I've seen them doing, which is pushing for financial transaction
control.
But here's what's great about David's research. No
one goes through the bother of doing what they've done if there's
integrity in the system. I think David has proven, yet again, that the
financial system is lacking integrity and is engineered to benefit a few
at the expense of the many.
The other thing I thought was very good about his
book was, he describes the game in terms of insiders and outsiders to
the banking system through the Great Depression — how your bank could
fold; you lose your deposits, but you're still liable for your mortgage.
And of course, that's how you get people's real
estate. You abrogate your income obligations to them, but then you hold
them accountable for their debts.”
There’s No Safe Harbor for Anyone
It’s telling that Webb started this journey because he was trying to
figure out how to protect his own family’s wealth only to, in the end,
realize there is no safe harbor, not even for a financial insider like
himself. The system is completely rigged from every angle. The sober
realization is that there’s no getting away from this Great Taking.
We must face it head on, and do the work necessary to change the
system so that it protects everyone. Part of that work is to make our
political representatives understand what is happening, and that it is
in their own self-interest to protect financial freedom.
Many of them are extraordinarily wealthy, and they too stand to lose
everything if they don’t take action. They’re not insulated from this
Great Taking. Like Webb discovered, there’s no safe harbor for them
either. Webb’s contention is that the situation is salvageable, but we
do need some kind of reset.
Just not The Great Reset the globalists have planned. One possibility
would be to implement a small tax on digital transactions, like a
fraction of 1%. The revenues generated from that transactional fee could
fund the government, doing away with income taxes, provided we don’t
have to engage in international wars.
Top Three Financial Drains
According to Austin Fitts, the top three things that are draining our wealth are:
- Tyranny
- The use of environmentally damaging processes like industrial
farming instead of regenerative farming, the hardware required for the
control grid and the electromagnetic field radiation that goes with it
- The control of innovation, which prevents cost savings
All three of these are alterable. We can eliminate these financial
drains, but we can’t start there. First, we need to secure our financial
transaction freedom, because everything basically hinges on that. If we
lose that, we’ve already lost everything else.
Three Basic Action Items
Again, be sure to download Solari’s financial transaction freedom memo. It details the problems, and the solutions. “Do what you're comfortable doing,” Austin Fitts says.
“One is using cash. And when you use cash, start
talking with local businesses and find ways of interacting locally that
will give you more local resilience. And of course, the big one is food,
because I don't know a way of getting food that is safe, other than
knowing where it's coming from and knowing the people who are producing
it ...
The third thing you can do is to bring transparency,
and this is really important. If you go to Solari, we've put together a
list of short videos on CBDCs and financial transaction freedom. The
first one is the one-minute video of the head of the BIS basically
saying we can make the rules centrally and enforce them centrally with
CBDCs.
The second one is Neel Kashkari, head of the
Minneapolis Fed, one of the 12 Fed banks, saying ‘I can see why the
Chinese would want this because it gives you complete surveillance and
control. But why would Americans ever let this happen?’ If it's so bad
that one of the Fed presidents is telling you you don't want it, that's
very helpful.
Then we have Bo Li [deputy managing director of the]
IMF talking about the programmability of money, so if they decide you
can only eat bugs and no pizza, your money will only buy bugs. And then
the last one is Richard Werner talking about a top central banker
telling him that CBDCs, ultimately, will be a chip that they want to put
in your hand.
We need to tell people what's going on and help them
understand how serious this is, because it's hard for many to fathom
that somebody would want that kind of complete control. With AI and
software, you can deliver that kind of complete control.
With a very short video, one minute or less, people
get it. And that's the point at which you can turn to your state
legislators and your state banking association and say, ‘OK, what are
you guys going to do to make sure I don't end up like the Tennessee
truckers?’
What's very interesting ... the states have the power
to assert complete sovereignty over the money and the cash flows within
their area, and to protect them. Now, they haven't done it. And one of
the reasons they haven't done it is the Treasury and the central banks
have been very good at making it financially attractive to buy into the
federal system.
[Eventually], it's going to be more important to be
sovereign and free than to get another $2 billion in education — an
education that requires you to teach your kids how to be sex slaves.
So, one of the things you can do bring transparency,
but start working with your bankers, with your State Bankers
Association, your state legislators, and encourage them to take the
steps. And if you look at the Financial Transaction Freedom memo, we
list all the different things that a federal legislator can do.”
Why We Need Sovereign State Banks
North Dakota already has a sovereign state bank, and the Florida
State Legislature is getting ready to introduce legislation for state
banking in the state of Florida. Tennessee is looking at ways to create
independent payment systems, and is in the process of starting a Bullion
Depository and authorizing their treasurer to start buying gold and
silver.
These are just some of the strategies that can, and need, to be
implemented by all states. As noted by Austin Fitts, “The only way I can
protect my individual sovereignty is if my state protects my financial
sovereignty.” And states can do that by implementing sovereign state
banks that are not tied to the central banking system.
“If you have a sovereign state bank, what that means
is, your citizens are paying taxes into your accounts, and you have the
ability, working with the state banks and credit unions and financial
institutions, to keep the transactions going so that the Treasury or the
central bank can't lock you down or shut you down.
I mean, that is amazing. If you also have a bullion
depository, then you've got gold and silver reserves and that makes it
easier for other people in the state to have a depository they can
trust, and that means they can start doing transactions with gold and
silver, particularly if you take the sales tax off.
Tennessee has taken the sales tax off golden and
silver. And there's a big squabble now — several states have put in
bills making gold and silver legal tender, but do it in a way where the
Feds can't charge capital gains, so that you can use gold and silver as
currencies locally. It’s a great way to start a local currency.”
A Building Wealth Reset
In conclusion, what we need to do, first and foremost, is to regain
and safeguard our control of our financial transactions. Next, we need
what Austin Fitts refers to as a “building wealth reset,” a reset of the
financial system that allows us to build both living equity (health)
and financial equity.
And we can do that. While it may seem as though we’re on a speed
train headed for a brick wall, and that we have no way to get off, that
may simply be an illusion. We probably have far more choice than we
think.
“During my litigation [against the government], I had
many different attorneys, and they would surround me and say, ‘You have
to do this, you have no choice,’” Austin Fitts says.
“And I would say ‘I refuse. I'm not going to do
that.’ That's a choice. And then, what would happen? Suddenly, an option
would open up that wasn't there before. In other words, my refusal to
go down the pathway that I had no choice created a new choice.”
Remember that as you move forward. Refusing to be part of the system
may seem impossible, but the very act of making the choice to refuse may
be the very thing that opens up brand new possibilities and options.
Certainly, there are paths to victory, beginning with getting state
leadership to get onboard with sovereign state banking.