132 The Solari Report / 2018 Annual Wrap Up / Part Two · Negroponte given power to waive SEC rules · FASAB Statement 56: Understanding new government financial accounting loopholes · SEC comments: FASAB Exposure Draft: Classified activities. Questions for respondents due March 16, 2018 · WSJ subscription: Harvard endowment to lay off half its staff · In “radical overhaul” Harvard endowment to fire half, close internal hedge funds, outsource asset management · UPDATE 2-Harvard to overhaul investment management, slash endowment staff · Harvard borrows Yale model · Harvard endowment reports “disappointing” 8.1 percent return · The black budget: The crossroads of (un)constitutional appropriations and reporting · The Pentagon spent nearly $1 billion on an audit—and failed · Amazing facts and figures from the Pentagon’s failed audit · Pentagon fails its first-ever audit, official says · Massive Pentagon agency can’t complete audit—again · Federation of American Scientists: Financial accounts may be “modified” to shield classified programs · Federation of American Scientists: Accounting Board okays deceptive budget practices · Regulators propose ending appraisal requirement on some home sales of $400,000 and below · Appraisers accuse federal regulators of recreating housing crisis conditions · John Bogle pens WSJ op-ed warning index funds becoming too big Story #2: Interest Rates Rise—National Security State Squeezes the Civilian Economy and the Outsiders—Debt- ors, Housing, Emerging Markets, and Small Business Pay attention to Solari’s economic storm warning, because the deep state—which we think has stolen $50-plus trillion, has all the technology, and now has secret books—is raising interest rates to make more money on its stolen money. How clever is that! After all, they are the ones who have the cash to pay newly issued Treasury securities. The insiders who helped engineer the financial coup also are free to print more money at any time or give themselves more government contracts. As they continue to centralize control and engineer a recession and inflation, the civilian economy will feel the squeeze between revenues and expenses. The rest of the world continues to try to establish an alternative system that the U.S. can’t control. · Berkshire Hathaway reveals stake in JP Morgan as Warren Buffett raises bet on the US banking system · SWIFT CEO to step down in June · Germany urges SWIFT end to US payments dominance · Fed defies Trump, Wall Street by raising rates · How latest Fed rate decision affects rates on credit cards, mortgages, savings accounts · The economy “rigging” that impacts Americans… · How taxpayers subsidize America’s biggest employer and richest family · The gathering storm in the Treasury market · Washington’s silent weapon for not-so-quiet wars. “A world full of dollars,” a 2019 global economic crisis · ECB sees global economic slowdown in 2019