#019 – Catherine Austin Fitts Says We’re Living in a Tapeworm Economy, Watching Tapeworm Media

Catherine Austin Fitts

Investment advisor Catherine Austin Fitts says America has a bad case of the tapeworms: A tapeworm media and a tapeworm economy.

A tapeworm, she explains, is a parasite that attaches itself to the intestines of an animal, causing the host to crave whatever the tapeworm wants, even if it’s harmful to the host.

Most of us, Fitts says, are all too willing to spend our time and money in ways that benefit parasitic “tapeworms” at the top, even if it hurts us financially.

So – how do we get rid of those tapeworms?

We also explore the idea of investment collaboration: Is it okay for good friends to directly enter into business deals or loans among themselves, so as to cut out any mega-corporate bankster mediator? How can we truly support one another financially on a local scale, rather than allow our wealth to be vaccumed right out of our communities?

Also, hear why a majority of Americans are utterly dependent on keeping the current broken political and economic system in place, no matter how loudly they complain about it.

Catherine has designed and closed over $25 billion of transactions and investments to-date and has led portfolio strategy for $300 billion of financial assets and liabilities. She served as former Assistant Secretary of Housing in the Bush I administration in the late 1980s.

Our interesting and wide-ranging interview with Catherine Austin Fitts continues next week with the second and final part of this interview.

Here’s a preview of what you’ll hear from Catherine on next week’s episode: