[OTE25] On the Edge with Catherine Austin Fitts

October 30th, 2009 by stacyherbert

Stacy Summary: On the Edge, airdate 30 October. Max blows up a trillion dollars. Catherine Austin Fitts responds to some emails from our viewers with some great advice.

Here is second half interview with Catherine as one file.

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167 responses so far ↓

  • Supergeek
    Oct 30, 2009 at 7:11 pm

    @frances
    oh yeah from previous chat… I think Stacy said Max was a quarius… and only recently she mentioned on air she was a piscies… some of your guesses are spot on and some are funny!!!

  • Supergeek
    Oct 30, 2009 at 7:12 pm

    @danny
    have a good birthday dude!!!

  • frances snoot
    Oct 30, 2009 at 7:13 pm

    Shoot. down for two.

    HAPPY BIRTHDAY SUPERGEEK!

    @Danny:
    You take all the nice traits of Scorpio!

  • frances snoot
    Oct 30, 2009 at 7:14 pm

    What’s your guess for me, SuperGeek?

  • frances snoot
    Oct 30, 2009 at 7:17 pm

    Supergeek
    Do you think Illya is more Sagittarius?

  • Pez
    Oct 30, 2009 at 7:21 pm

    Blow up a Trillion? Not to worry I hedged a bet you were going to do that and made 2Trillion. They’ll just have to print more money! Most secure job? Working in the federal mint.

  • Tofu Charlie
    Oct 30, 2009 at 7:25 pm

    @Frances — lol! Good watery guess.

    I’m a Scorpio, but have Cancer ascendant…

  • Supergeek
    Oct 30, 2009 at 7:27 pm

    @y’all
    HAW HA HA… that is me laughing from the future at the next philip. k. dick reference or next time travel joke made by Max!!!

  • Supergeek
    Oct 30, 2009 at 7:28 pm

    @frances

    er… you all the worst traits of libra… where as killya… cancer or same as me dunno!!!

  • Tofu Charlie
    Oct 30, 2009 at 7:29 pm

    @Frances — Yes, they really make the people in Ghana look truly blessed… :)

  • frances snoot
    Oct 30, 2009 at 7:32 pm

    Libra:
    Negative: Moody or sulky, flirtatious, egotistical, vain, manipulative, overbearing and indecisive.

    Gee, thanks Supergeek! What about coy, naughty, thrill-seeking, and terminally insipid? Don’t leave any out, now!

  • frances snoot
    Oct 30, 2009 at 7:33 pm

    @TofuCharlie:
    Yes, and Florida government is completely reliant on property tax: no income tax.

  • frances snoot
    Oct 30, 2009 at 7:34 pm

    I don’t see how a person can possibly be overbearing and indecisive! It would seem they would cancel each other out!

  • Mark 9238
    Oct 30, 2009 at 7:50 pm

    Great show and great advice from Catherine.

    What was the last point she was making? (Max had to cut her off due to time pressure). Something about monetizing?

  • Supergeek
    Oct 30, 2009 at 7:50 pm

    @tofu
    have a good birthday tofu cholly.
    @frances
    dunno…. should there be a prize when you out three scorpios in a row???

  • frances snoot
    Oct 30, 2009 at 7:57 pm

    BINGO!

    Now I want my prize seeing as I am manipulative and overbearing.

  • Lietrum
    Oct 30, 2009 at 7:59 pm

    What a shock, the Congress has gutted the Audit the Fed Bill.

    http://www.bloomberg.com/apps/news?pid=20601103&sid=atc2o1ijLRno

  • BondiBhoy
    Oct 30, 2009 at 8:11 pm

    Karl Denninger’s on 30 Oct

    http://www.market-ticker.org/

    “The policies of The Fed were allegedly to “help lending”; in point of fact what Bernanke missed is that while he can provide all the printed money he wants he cannot control where it goes. And “go” it went, right into oil and other commodities first in late 2008 and then again in the summer of 2009, causing not one but two doubles of oil prices off the bottom – first from $70 to $140 and then again this spring and summer from $35 to over $80. This, despite demand collapsing for oil and refined products.

    In the same light this “flood of liquidity”, instead of promoting economic growth, went into the stock market as well. This has driven the S&P’s P/E to one hundred and forty (as of 9/30/2009), a level never before seen in the history of the stock market, and on a historical valuation basis some seven times expected price/earnings value and more than double the previous high of approximately 60 (just before the Tech Bubble collapsed.) Should the stock market correct to a “somewhat reasonable” P/E of 50, the S&P 500 would trade at 375! Should it correct to a “more normal” P/E of 20, it would trade at 150! Of course earnings could (and almost certainly will) improve, but even if they double this implies that “fair value” for the S&P 500 is something close to 300! What are the societal and political implications of that collapse should it come, and how does Bernanke believe he can avoid mean reversion – when every other attempt to do so thus far has failed? Bernanke has done nothing more than create more asset bubbles in a puerile attempt to avoid taking responsibility for the policy mistakes that led to this crisis in the first place.”

  • Mr Unemployed
    Oct 30, 2009 at 8:37 pm

    Max, your comments are priceless! Even if you no longer live in america, you are a national treasure.

  • FranSix
    Oct 30, 2009 at 8:44 pm

    Cancer, with Scorpio ascendant.

    8^}

  • Tofu Charlie
    Oct 30, 2009 at 8:59 pm

    Here’s what I think about your Floridians…
    .
    http://www.youtube.com/watch?v=r3qAS3HWZ5k
    .

  • Supergeek
    Oct 30, 2009 at 9:28 pm

    @y’all
    4.30… excuse me if I have another tune!!!
    http://www.youtube.com/watch?v=mXsmyLtpxlA

  • Richard@lattitude30N
    Oct 30, 2009 at 9:42 pm

    @frances snoot: sorry deary….birthday is 02/10,,,,,you do the calculation

  • Frank Hope
    Oct 30, 2009 at 10:21 pm

    Hello-o-o frances… anybody home?

    Frank Hope: Not specified????

    I’m deeply insulted. I should sting you right now.
    (that’s a clue)

  • Mep
    Oct 30, 2009 at 10:31 pm

    @ frances – Sagittarius.

  • Supergeek
    Oct 30, 2009 at 10:38 pm

    @mep
    this is weird… waiting for the votes to come in some cosmic poll type thing!!!

  • Mep
    Oct 30, 2009 at 10:38 pm

    Just saw this–thousands line up in Iceland for one last Big Mac!

    http://www.reuters.com/article/newsOne/idUSTRE59T3D220091030

  • Mep
    Oct 30, 2009 at 10:47 pm

    @ Supergeek – I’m not sure that I know what that means. That’s okay, though. Did you ever get around to trying the lentil spinach stew?

  • Chalcedonite
    Oct 30, 2009 at 11:00 pm

    Today is the day we remember the great deluge and those who perished therein.

  • Supergeek
    Oct 30, 2009 at 11:01 pm

    @mep
    I’m just amused by the horoscope responses, as they arrive… oh and a week of ready meals and takeaway… not good, may try lentils tomorrow!!!

  • dave
    Oct 30, 2009 at 11:05 pm

    Stacey, thanks a lot for diggin up that OECD report. what a find! very much appreciated

  • Mep
    Oct 30, 2009 at 11:16 pm

    9 banks closed today. Woo-hoo!

    http://www.huffingtonpost.com/2009/10/30/california-national-bank-_n_340822.html

    I forgot to comment on the show. I thought Catherine’s ideas were good–especially the part about turning off corporate news. The Clinton/Bush narco-trafficking bit was a little surprising b/c it seemed to come out of nowhere.

    On healthcare, rumors are that the weak public option might have premiums that are more expensive than private insurance. That’s mostly because Congress refused to tie the public option to Medicare + 5 rates, and because the public option will be limited in access to 2% of the population–the people who actually will have an option of signing on to the public option are much more likely to be sicker b/c they are people who haven’t had access to insurance and to regular medical care. Making matters worse, Pelosi and others have said that NO further amendments will be allowed to the legislation, which means that we are stuck with this piece of shit “reform” package. Congress stripped out the most promising amendment–Kucinich’s amendment to allow states the right to start their own single-payer systems–without any explanation.

    I had to go to the mall tonight b/c my guy needed some new socks, shoes, and t-shirts. I felt so sick walking around that place. I’m so disgusted with the scumbags screwing everything up in terms of legislation and financial reform that I want as little to do with consumption as possible. The DOW took a tumble today when the idiot investors got scared about the consumer data coming in. It’s ironic that they steal all of the money and then get scared when they see that nobody else is buying stuff for them to invest in. It would be hilarious if everyone decided to boycott Christmas–that would be a great way to really rattle Wall Street.

  • Mep
    Oct 30, 2009 at 11:35 pm

    @ Supergeek- Let me know how it turns out! Yesterday, I made a big batch of pasta sauce. Ran out of fresh tomatoes so I had to use tomato puree and tomato paste. I spent $3.27 (had all of the spices) and made 3 quarts of sauce. The pasta sauce I used to buy is over $4 and is only 45 ounces. Mine tastes much better, and I get some satisfaction in the process by feeling like I’m in some way sticking it to the man. Of course I know that in the grand scheme of things, I’m really not. But it does feel like it. Also makes me feel a little bit more in control.

  • zmoore
    Oct 30, 2009 at 11:51 pm

    whar no fish on this boat?

  • Youri Carma
    Oct 31, 2009 at 12:52 am

    Fed’s Massive Secret Wall Street Bailout Still Going Strong http://tinyurl.com/ykdvpse

  • brian
    Oct 31, 2009 at 12:58 am

    Catherine’s advice to carefully comply with all the “rules,” because all one’s data is observable by Big Brother, does not seem so great to me. As long as one can afford to do so, one can have the illusion of “staying out of trouble” until the noose tightens further. But it seems to me, as I drive through intersections with red signs posted on the stoplights warning of $270 tickets for red light violations, or pass highway signs that used to say $500 fine for littering, but now say $1000 fine for littering, as if $500 was not enough, that clearly the “government” is all about eating the people, period. Everywhere the evidence is blatantly obvious. I am not someone who has the wherewithal to engage in “investments.” The money I have at my disposal is all in my pocket. I have a bank account but use it only for cashing checks. I expect a crash and will at least have some fiat cash when they lock the doors. I bought a wheatgrass juicer last week on the theory that there are 4000 species of grass and none of them are poisonous, so, along with sacks of rice, lentils, sunflower seeds and buckwheat for sprouting, and moving to a farm on a lake 2 years ago. that is my preparation for what is coming, what is really already here, after the stored fat burns off. When I run out of wealthy clients, I am assured by my landlord that I can always have a place on his farm as a serf, but I would prefer to see if I can find somewhere else to start over with my skills and ideas as capital.
    Perhaps Uruguay? Who knows? I love to work, and the quality level I like to work at is not presently “economical” according to the “rules.” So I break the “rules” every day and have for years, for the sake of defying the kind of big-box world the banksters and Monsantos are intent on reducing us to. Human beings can never fit into such a vision, it is time to recognize this and say so.

  • Youri Carma
    Oct 31, 2009 at 1:09 am

    UPDATE 4-CIT, Icahn agreement brings bankruptcy closer http://tinyurl.com/yg7s2yd

  • Youri Carma
    Oct 31, 2009 at 1:15 am

    Wilbur Ross Sees ‘Huge’ Commercial Real Estate Crash http://tinyurl.com/ydofxmp

  • Youri Carma
    Oct 31, 2009 at 1:19 am

    Federal regulators close 9 banks, mostly in West http://tinyurl.com/yztq4vn

  • Mother earth
    Oct 31, 2009 at 1:22 am

    Just keep buying that gold and silver, and oil while you can..

  • Mep
    Oct 31, 2009 at 1:44 am

    @ brian – Where in the heck do you live to be seeing fines posted like that?! I agree with you on the “be sure to comply with all rules” piece of advice. After some thinking, I assumed that she just meant don’t do anything to get in trouble–like sticking up a bank or threatening online to blow up Goldman Sachs. But back to your point, next year, it will be “against the rules” for anyone to smoke on my college campus. Don’t know what the fine will be yet, but there will be one–that’s the only way to enforce such social control, after all.

  • Bonn
    Oct 31, 2009 at 1:47 am

    I read some where in the 1990′s tha 75 % of the Doctors in the US were Indians . So B/W em an Insurance agencys they’ll most probably not allow health care reform over there.

  • Bonn
    Oct 31, 2009 at 1:56 am

    @ Max
    Too funny ROFL if the Sale of Alligators go up LOL

  • Bonn
    Oct 31, 2009 at 2:05 am

    My Advice to the US Citezen is start looking for a Job in Another Country . As soon as u get it , Sell everything u have in the US and Run

  • Bonn
    Oct 31, 2009 at 2:21 am

    Like i said Roti Kappada Makan – meaning Food , Clothes and real Estate and as i pointed out i only invest in Land. Its gotta be used sometime as people move towards Citys since Monsanto has takin over the farming of the world . People are gonna be leaving thier Farms.Only Organic food will survive as Celente said Quality food. But the Screw up is if you could manage to get an Export contract going say to Europe. Who is to Say they wont change the Rules . So my suggestion is Buy as much Land as you can on the Outskirts of the City. Because Its in thier Interests that people move to citys so that the Giant Coorperations can Sell you more of thier rotten stuff. It just cuts them in thier Road transportation costs.

  • frances snoot
    Oct 31, 2009 at 5:00 am

    Mr. Hope:
    OMG
    Another wounded Scorpio? How did I manage that?

    I thought your writing too sensible always and couldn’t figure properly!

  • frances snoot
    Oct 31, 2009 at 5:05 am

    @Chalcie:
    I didn’t try to guess your horoscope seeing as I thought it might be against your beliefs!

    Why the flood reference?

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