Former Assistant Housing Secretary of HUD for George Bush Sr. speaks out about government drug running, enormous-scale financial fraud, S&L scandal, a HUD scandal, the “negative return on investment economy,” (AKA the tapeworm economy or disaster capitalism) and foreshadows today’s financial crisises.
Fitts is a very intelligent and economically-minded woman. Michael Ruppert of From the Wilderness credits this woman (who was a former investment fund manager before serving, and subsequently becoming a target of, the Bush I administration) as his mentor.
The lingo in here gets pretty thick, but plow through it and look up any terms that you don’t understand. It is definitely worth it. You will start to understand the way our economy really works. She is also one of the VERY few people who have offered (or tried to offer) economic solutions to the crippling economic problems that we face. The problem is, her solutions are more complicated than many people would bother to try to comprehend, and would require large-scale, decentralized cooperation among people.
She also spells out a warning for today’s time — a great-depression like bust is the optimistic scenario for the US. The more likely scenario is that Wall Street and the investment class will be protected by sucking all the assets out of the middle class (directly or indirectly through inflation), protecting the big institutions, and quelling dissent with an internal police state. This is called corporate feudalism, and it is the United Nations Agenda 21 sanctioned model for the future — where international corporations and NGOs replace the feudal lords and barons of the past. This is the scenario we’re watching with the bailouts of the big banks and investment funds, and the liquidation of real estate companies by these same banks.