“It is hard for countries to accept the U.S. dollar as settlement for international trade when the U.S. has been excused from accounting. People do not want to do business with entities that do not have accounting.”
~ Rob Kirby on the adoption of FASAB 56

By Catherine Austin Fitts

It’s time to begin our 2nd Quarter 2019 Wrap Up – my announcement of our theme, The State of Our Currencies, and overview is here.

This week we publish the first in our two-part publication of the News Trends & Stories for the 2nd Quarter 2019 Wrap Up. Dr. Joseph P. Farrell joins me for our analysis of what is happening in 2019—and where the world is going.

In Part I, we look at the top stories in Economy & Financial Markets and Geopolitics. We also fill in the Trump Report Card for the 2nd Quarter.

I hope you take advantage of both Parts I and II—I know of no better round-up of the deeper news than these quarterly discussions. Our team invests significant time each quarter to convert months of headlines into actionable intelligence that gives our subscribers mastery of the economic, political, and cultural flows in which we navigate.

Just when I feel I have achieved a synthesis, I sit down with Dr. Farrell and something remarkable happens. Joseph’s understanding of history, science, and culture—and his ability to integrate across many sectors—takes the conversation into a whole new mind. Our discussions this month were some of our most insightful and fun recording sessions yet.

Here are our choices for the top stories for Part I:

Economy & Financial Markets:

• Story #1: Secret Books and FASAB 56: U.S. Securities Markets Go Dark
• Story #2: U.S. Debt Spiral and Reserve Currency Pains
• Story #3: Slowbalization: Recession Looms, Equity Markets Correct; Interest Rates Fall
• Story #4: Technocracy, Farmageddon, and the Reengineering of Land and Real Estate
• Story #5: Trade Wars: Superpowers Bare Their Teeth Over Sea Lanes, Borders, Back Doors, and AI

Geopolitics:

• Story #6: Elections Signal a Rise of Nationalism and Citizen Frustration
• Story #7: Technocracy and the Rise of the Global Truman Show
• Story #8: It’s a Mad, Mad World: Censorship, Disinformation, Entrainment, and the Weaponization of Populations
• Story #9: Oil Wars, Trade Wars, Economic Sanctions, and the Silk Road
• Story #10: The Push for War—Secret Money for Secret Armies and War

In Let’s Go to the Movies, I will discuss an important oldie but goodie—Pam Warhurst’s TED presentation, How We Can Eat Our Landscapes. Given what is happening with the centralization of farmland ownership and agriculture, this is a good time to redouble our efforts to strengthen local food supplies and resiliency.

Post your questions and story suggestions for Money & Markets for this week here.

Talk to you Thursday!

Web Presentations

2nd Quarter 2019 Wrap Up: The State of Our Currencies: The State of Our Currencies

For those who want to know more about FASAB 56, check out the 2018 Annual Wrap Up: The Real Game of Missing Money at The Real Game of Missing Money and The Missing Money.

Hard copies of The Real Game of Missing Money, Volume I are available for Solari Report subscribers at the Solari Store. Volume II will be available in early July.