Catherine Austin Fitts Addresses CHD PA’s Membership on Financial Freedom
Catherine Austin Fitts, a great friend of Children’s Health Defense, came to the Philadelphia suburbs last Friday and made an appeal for financial transaction freedom and a restoration of the rule of law.
Catherine, a Philadelphia native, spoke for nearly two hours at the Mainline Unitarian Church in Devon. She outlined the rapidly brewing problem of consolidation of control in financial and monetary policies. There were over 150 people in attendance.
After a reception with fresh food and beverages, Church and CHD PA member Christy Parry gave a prayer to open the event, and CHD PA Chapter Coordinator Vince Feldman spoke about the mission of CHD and the goals of the PA Chapter and introduced Ms. Fitts.
Catherine was born and raised in West Philadelphia at a time when this once wealthy street car “suburb” was rapidly seeing a reversal of fortunes. Something was targeting its housing. This became the first rabbit hole that led to a lifetime of shining light down deep financial rabbit holes.
The talk started with a discussion of decentralization as the key to greater efficiency and innovation in the business community. Technology can and should help dissolve the advantages of scale in business and not become a tool of oppression.
Catherine described how her investigation into the wholesale theft of federal funds began with her discoveries as Assistant Secretary of HUD during the late 1980s. She elaborated on how, by 2015, a total of $21 trillion of unaccounted-for funds had been revealed.
In 2018, gathering any further information on the losses (i.e., missing funds) from the federal government’s accounting books went dark as the U.S. Government Accountability Office (GAO) revised the Government Auditing Standards, which allowed federal government agencies to keep separate public and private accounting books or, in some cases, not make accounting books public at all.
Catherine narrated through a sequence of videos that prove the intent of global elitists to throw a net of control across the planet by establishing Central Bank Digital Currencies (CBDC). The type of compliance behavior and speech that have been proliferated via the nexus of media and government over the past several years will find a resolute backbone when compliance is linked with your ability to transact financially.
To protect citizens against the demonstrably rogue regime in Washington, Catherine has been actively promoting the concept of state sovereign banks, either publicly owned or owned by the state’s registered banks. North Dakota is the only state with a sovereign state bank, and it has very successfully managed the funds for the state at a profit for 105 years.
Catherine describes her recent visits to state capitals to speak with lawmakers about the imperative to create a state bank in advance of the collapse of the nation’s financial and banking systems. This arrangement will bring transparency and security to a state’s financial health.
Currently, municipalities like Philadelphia deposit billions in tax revenue and state and federal grants with national banks that have serial records of accounting and bank fraud and are not subject to transparency except in limited cases where they face criminal or civil litigation.
The idea of a state bullion depository, insured and defended by the state, is also an idea Catherine discussed and is informing state representatives about. The recent discovery of theft from the private First State IRA bullion depository in Delaware drives this point home.
Catherine did warn that gold and silver are currently not a solution to the nation’s financial crisis. Reliance on just bullion in such a crisis would put many people at significant liquidity risk if they were not to hold enough bullion, making them prey to the orchestrators of the crisis, the big banks, who would be able to pick up quickly liquidated physical assets at fire sale prices.
Catherine closed by relating a story from Mary Holland, CHD’s President, that cited a study on the history of revolutions showing that civil disobedience revolution is much more effective than violent revolution. The reason for this is that it was far more inclusive; everyone could participate, not just the people who were good at being violent.
For this type of non-violent revolution to be successful, you only needed 3.5% of the population to join. Catherine stated that this shows that we needn’t be concerned that everyone gets us; only be concerned that you find, engage, and “chapter up” with that 3.5%. “And that’s why I am very glad to see this much membership at CHD PA here tonight.”
