Wall Street Banksters and the Tapeworm EconomySunday, January 30, 2011
This interview with Catherine Austin Fitts is one of the most powerful 60 minutes of dialogue I have seen in some time. To quote Charles Burris:
As former managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Company, and Assistant Secretary of Housing under George H.W. Bush, Catherine Austin Fitts has impeccable blue chip establishment credentials and pedigree. This makes her courageous whistle blowing on these corporatist saboteurs all the more credible.
She is also an MBA graduate of Wharton. In spite of this, the attacks on her have only focused on the fact that she signed a 9/11 truth petition.
To give a short and zippy summary, when Fitz visited with her medical practitioner, it was described to her how a tapeworm attacks its host, the human body, and how it survives. Hence she calls our economy a ‘tapeworm economy’ because we’re the host and we’re feeding the tapeworm. The more we feed the tapeworm, the more powerful it gets. The majority are ruled by the minority, and the small number of insiders constantly drain subsidy from the outsiders in a way that preserves their wealth while they suck all of wealth from the shackled middle class. Essentially, she notes how Wall Street finagled money from Washington (taxpayers) to finance a leveraged buyout of the country. This sits very nicely with my long-held notion that Wall Street Banksterism exists for the purpose of separating you from your money. As Catherine notes, the government has created, via force (Central Banking), the ability to print the paper while the military makes sure everyone takes it. Meanwhile, the US extracts natural resources on the cheap.
She also discusses the government move to centrally plan the food supply, agriculture, nutrition, and health, with national health care being a massive coup for the people who own us. She talks about how societies have moved from eating healthy food on a self-sufficient basis to a dependent role where people have become entirely dependent on corporations for food that is not healthy – she calls this “planetary slavery” of the most evil sort. Government policy, as she notes, is enabling corporations to have patents on life by creating terminator seed and controlling seed and food supply, as that supply is being genetically manipulated.
On that same topic, she discusses how the pharmaceutical companies have a negative economic return. By this she means that the health of Americans continues to deteriorate while they continue to make more money. Big Pharma goes to Washington to liquidate the wealth of the people and prop up the corporations. They force profits into the pharmaceutical cartel of the tapeworm. And government steers the profits their way. This is a non-alignment between the interests of the people and the interests of the corporate state.
She also talks about a lawsuit against RJR Nabisco for money laundering all over the world when the company was owned by KKR, one of the most prestigious private equity and leveraged buyout firms in the world. And while Henry Kravis was on the cover of magazines being held up as the next Warren Buffett by the American media, Catherine notes, “No he’s not; he’s the next mafioso.” But those people are honored because there is no transparency in the economy.
I like her take on how the “official story,” as passed off by the government and its minions, has nothing to do with the real story. The real deal eventually starts to sneak into the public mind, and when that happens the “attack poodles,” as she calls them, come out and try to kill any story that is told outside of the official story. And thanks to the Internet, those attack poodles are losing power and being killed off. After all, the numbers (and countless media bankruptcies and closed media outlets) are showing that big media is dying while people are gravitating to the real stories.
Catherine’s story is the real story.