By Catherine Austin Fitts
Every few weeks I see a headline that rocks my world. These headlines often describe events that other people find mundane, or unimportant. However, for me they speak to important financial “trim tabs.” A “trim tab” is tiny rudder that turns the rudder.
Last week, when I read that the Vatican had hired EY, the former Ernst & Young, I sat back in my chair. Who would have thought that such a thing could happen? Pope Francis had ordered that the Vatican Bank publish an annual report, which it did in September. Another event that caused me to sit back in my chair and meditate about deflation and the speed of change. Could making all the knowledge in the Vatican Library accessible to the public possibly be next?
This weekend I stopped to see Dr. Joseph Farrell on my return drive to Tennessee. One of the many reasons I value discussing events with Joseph is that his command of history and understanding of the nature and organization of power is so deep. We started discussing the Vatican’s decision to engage an outsider auditor – particularly a firm headquarter in London that audits the Bank of International Settlements in Switzerland and Lloyds of London. This means that the formal organization representing arguably the most powerful pool and networks managing intergenerational equity investment (the Vatican) is sharing an accounting firm with the central banks central bank (the BIS) which is leading the evolution to a global currency as well as with the most powerful market maker of global insurance, reinsurance and risk management (Lloyds.) Are the institutional governors of equity, debt, currency and risk “drawing nigh” to each other?
What is the meaning of this? Of course, we don’t know. However, Joseph and I decided to record our discussion so we could engage our subscribers in exploring this development. For me this is another of a growing number of tell tale signs that the central banking -warfare model has run its course and the traditional leadership is realigning in the search for new models.