links for 2011-01-16

  • Catherine Austin Fitts was Assistant Secretary of Housing and Federal Housing Commissioner at the US Dept of Housing and Urban Development during the first Bush Administration. Her notion, expressed in the beginning of this video, that the American people could “shift the flow” of where capital gets invested by taking it AWAY from the big banks so Wall St. won’t have such easy access to it is a revolutionary idea and she explains it in a way that anyone could understand it. OTOH, at least where she is discussing capital flows, the potential existence of a conspiracy is almost besides the point. Although there is no conspiracy to pump capital out of the US, the capital flows in a way that looks just the same anyway. In that area, what she has to say is extremely challenging.
    (tags: economy)
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