“The aid program delivered best it could what was in reality a flimsy contrivance, which – in turn – was really only an exotic venue through which to pass public funds to selected Russians of the Clintons and the Harvard Institute of International Development’s choosing and to Wall Street investment banks the Clintons hoped to entice permanently into their orbit of supporters and contributors. In short, the Russian bond market was the Arkansas Development Finance Authority gone international.” ~ Anne Williamson, Testimony Before the Committee on Banking and Financial Services of the U.S. House of Representatives, Sept. 21, 1999
By Catherine Austin Fitts
The most popular blog post at wordpressdevurl.com is Financial Coup d’ Etat. It was written about my experience at an investment conference in London. I was presenting The Myth of the Rule of Law about the extraordinary windfalls enjoyed by private investors as a result of so-called “privatization” and the early engineering of the US housing bubble. I then heard a riveting presentation from former WSJ report and author Anne Williamson about a similar process in Russia and the former Soviet Union territories and one from John Laughland about, yet again, a similar process in Eastern Europe.
We realized that day that it was the same investment interests operating globally using the same models in country after country. Since then, as events unfold globally, I watch for the impact of investment flows on events throughout the seven continents – the financial interests and deals often involve deep connections.
This week Anne Williamson of Lok-N-Load Media joins me to discuss the devastating “privatization” of the Russian economy in the 1990’s as a critical history leading up to current events in the Ukraine. We will talk about what is happening in the Ukraine, Russia’s point of view and what that means to events ahead. This is a long, fascinating discussion on the real politik of US relations with Europe, Russia and the Ukraine today with an experienced author whose grasp of the global financial system, institutions and markets is first rate. You don’t want to miss it!
In Money & Markets this week I will discuss the latest in financial and geopolitical news.
In Let’s Go to the Movies, I will review a remarkable new documentary Dinosaur 13, directed and produced by Todd Douglas Miller. Whether Iraq, Kiev, Crimea or Rapid City, South Dakota, when powerful private interests want control, whether of fossil fuels or fossils, they can and do engineer a lot of tax-payer funded resources in the service of getting what they want.
Talk to you Thursday!