This woman is so smart I tremble at how simple my world view is. [youtube]http://www.youtube.com/watch?v=0EiMUPdtFXI[/youtube] adding the summary: "I think bail-ins are coming . . . the big question is not will we be able to get out insured deposits. I think the big question is how violent will things get?" Fitts biggest worry is not financial collapse. She says, "I don't think the people who run the U.S. military or run the United States government are going to say we're happy to collapse rather than go to war. They are going to go to war. They're going to shake somebody down." Fitts goes on to add, "I think gold is the greatest form of insurance you can have during this transition period." and a lot more...
Greg Hunter USA Watch Dog News - Good website been reading it for a while. Have not had time yet to watch the video. Nominations Julie? Iran, China...... What about people who cannot afford gold and stuck buying silver?
One of the best interviews I have seen. She puts a whole new perspective on things. Interesting what she was saying in regard to the power struggle between the G7 and G20. I was under the impression that the G7 was no longer relevant compared to the G20. Sounds like I got that wrong. She is one very smart lady.
Hmmm, interesting. It's interesting how she talks about this seperation of capital and I'm not quite sure what angle she is coming from. To me it's perfectly obvious that a government would eventually go bankrupt and that more free market areas would be doing well, especially those that have embraced new technology. But to me that's just naturally what was going to happen. Government is just completely unable to move with the times and will inevitably go bankrupt just like any corporation which stagnates. It's liabilities ultimately won't be able to be paid. Like I say, it's just normal to me, I'm not sure whether she is coming at it from a conspiracy angle or not.
What I see is the host set in his ways, mind made up about every issue. This woman comes along and sort of agrees generally, but has major differences as to what is actually happening and how things will turn out. Host then proceeds with a line of questioning and comments that tries to hammer woman's views into complete agreement with his own. Awkwardness ensues.
Thank you for posting this Julie, a simple "Say Thanks" for this just doesn't cut it Wish she had said more about silver...do think she underestimates China, but one of the best world views I've heard in a while. HIGHLY recommended viewing (talking head's annoying though...sorry Greg) I think that the telling point is that the "old" system (sovereign governments) which we are supporting through coercive taxation, are saddled with all the liabilities but no assets...I sure as hell didn't sign up for this :/
That's what we all go to the ballot box for. Well, most of us. Because we want stuff from government.
Who's "we" paleface? My mum always said "don't vote for them, it only encourages them' Something in that...don't be an enabler
Interesting to hear a positive outlook for the 'endgame', not the typical doom n gloom collapse and shift of power to the east. I would've liked to hear moar (& specifics) about the alternative networks and how to operate outside of the existing system she mentioned. Will have to search out more of her stuff
^ The problem I think, is that her theory of the "Breakaway Civilization" and the new, emerging dynamic American economy is flawed. She says that this new industrial economy that is growing out of the old in America will be highly mechanised and only absorb a fraction of the current labour force. Sorry, you can't have a new economy where 25% of the population is well off and 75% are an impoverished mass left in a decaying system. If history has taught us anything, it is that an impoverished mass is what lead us to the Bastille and the Winter Palace.
:lol: Crap. This line of thinking is basically: "A curse on machines! Every year, their increasing power devotes millions of workmen to pauperism, by depriving them of work, and therefore of wages and bread. A curse on machines!" If this was true please explain the past two hundred years. Impoverished masses are created by things other than more machines. If this was not true then we should go destroy all existing machines and we'd all be fully employed and much better off. It's a sophism that Bastiat countered a few times 160 years ago and he has been proven correct.
In previous revolutions (industrial as well as bolshevik and other people's) there is a migration of work forces and families to where the work is. After the US civil war it was black population to the North - being Chicago/Detroit. Now perhaps the migration will reverse and the south will rise again. (p.s. leaving aside the mayhem that occurs at these turnings)
It was long vid but from what I can remember she specifically mentioned Texas. Texas has a tradition of freedom. More so than even than the rest of the country. In fact, you could say the North-East of America has embraced the mercantilist concept, probably from their roots as New England. We all know about the socialist disaster that is Kalifornia. So you have this situation where the most free market area of the country is doing well, they have new tech etc. Incidentally, Texas didn't have a housing bubble either. Whereas the more controlled and taxed areas are drowning. Of course, you could put super-profits taxes on those doing well, but I think we all know how that would turn out. I agree about her outlook on China as well. It's not going to become the new power. In fact, I think the general decentralization of power will continue and this is basically the peak in government power.
People want to blame the failure of government on either conspiracy or the machines it seems. Neither is true. It's an issue of freedom versus coercion.
