The Highwire with Del Bigtree - “THE GREAT POISONING” WITH CATHERINE AUSTIN FITTS

Episode Date: March 30, 2024

Investment Banker & Economist, Catherine Austin Fitts, discusses the engineered financial coup that is squeezing the middle class through inflation and debt, and how families can protect themselves from what she calls “the great poisoning”.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-highwire-with-del-bigtree--3620606/support.

The American people, particularly the middle class, are being absolutely crushed by inflation. House prices have gone up, mortgage rates, and people's rents. Sky-high inflation, that remains incredibly sticky and persistent. Rising energy prices, rising housing costs. The top 10%, particularly the top 1%, needed more so the top 0.1%, took in much of the gains from the growth of the economy. 81% including Democrats don't like the direction. They're unhappy with their direction of America. 83% economic conditions fair to poor.

76% believe economies getting worse. There are 25 states raising their minimum wage starting next year. But businesses likely will have to increase their prices, according to one expert to offset some of these new added monies. And that is just one of a number of changes taking effect. You're going to see reduced employment in all the states essentially where this is taking place. This is just going to pour more gasoline on that fire as labor markets start to weaken. Tyson Foods has its eyes on a different class of workers. The company is now offering new jobs to asylum seekers in other states like New York.

The company's excuse, migrants are getting the jobs that Americans don't want. It reduces the wages of American workers by replacing American. American citizens with foreign laborers who are willing to work at slave wages. That is the decimation of the American middle class and it's happening all over the country. Well, to get to the bottom of some of these very complex issues is my pleasure to be joined by Catherine Austin Fitch. She's an investment banker and economist. First of all, you know, you've been very outspoken in the space I talk about a lot about vaccines, medical freedom. So thank you for your courage in that space.

It is, you know, it is a perilous space to speak in and you have never held back. So thank you. Well, thank you, Del. It's always an opportunity to be on the high wire. I do want to say, so for 10 years, I was an investment advisor, and I'm no longer am doing that job. But one of the things I discovered to my shock and amazement, which is part of what brought me to you in the highwire, is the number one reason I found for the diminution of family wealth with what I call the great poisoning. So families were being financially very much influenced or even decimated by the deterioration and pharmaceuticals and deterioration, the food and water supply and other forms of toxins.

And so the great poisoning is really very connected with financial well-being. And of course, as you know, health care costs are one of the major reasons for bankruptcy in this country. So the number one thing families listening to this need to do, is to protect themselves from the great poison. And I think part of it is we just have to recognize that it's really happening. And if we know that, then we can start to, we can start to, you know, do all the things that you and your show recommend about what we can do to avoid it. That's such a great point.

As you know, you know, we've said it before. We've watched an increase from about like 12% chronic illness in our children in the 1980s. It skyrocketed to 54%. And the last time we really handed that data of 54%. you know, came to us in 2016 based on data from 2012. Right. So it's very disturbing to even try and ponder where we may actually be at now with all of the industrial chemicals, all the forever chemicals, all the injections, all of these

things going on. COVID vaccine is going to add to that. So it's such a great point. And the burden, just there alone, when you deal with the more serious issues like neurological disorders, the cost is so incredible. And there's really, these parents are being left, you know, fitting the bill and hanging on for dear life. So, and remember the cost is not just financial cost, it's time. The impact on a family's time and the ability to raise all the siblings properly is devastating.

So whenever I see these kinds of poisonings, particularly the neurological damage, when I'm looking at is bankruptcy. Yeah. Yeah, it's really, it's a sad state of bears. And it needs to be fixed. And I, you know, I really have hope that if we all, you know, really, you know, really got engaged with these issues and started making it a priority to have conversations with everyone we know. We could actually ship this. I still believe we are, you know, living in a

nation that is, you know, for the people, by the people. We're hanging on to a thread by that idea, which is some of what we'll talk about, but it's still possible, more possible here than anywhere else in the world. We should utilize that to our advantage. Well, let me, let me go down, because there's so many actions people can take. So the first thing is if you protect yourself against the great poisoning, very important thing to do. One of the biggest reasons between the discrepancy between the wealthy and the middle class getting squeezed is cost of capital. So we have the big banks paying 0% for their cost of capital or 1% or getting bailed out and getting capital for free, whereas most Americans are paying 17% for their plus

on their credit card, you know, and high prices on the mortgage. Now I dare say if your neighbor could buy all the homes in your neighborhood for zero or one percent and you had to pay five or seven percent on your mortgage you know what's going to happen after many years still right so so part of this is that i want to address that right there because it's such an interesting point and it's one that i grapple with uh which is this whole idea of sort of trickled down we should give tax breaks and as you said these giant corporations get their money at such a reduced cost and And now we're watching Black Rock, State Street Bank, like these different companies, like buying up businesses, buying mom and pop shops. We're going to the plumber.

We think we're, you know, hiring a plumber that's been in business for 50 years. We find out they're just a part of a giant conglomerate. We're seeing this in the housing market. We're competing now with these massive investment banks that are, you know, you know. And so how do we do that? And it's not fair. We're not living in a fair and balanced environment. Well, first of all, it's not an unfair environment.

We're dealing with a financial co. Okay. So this is engineered. This is engineered top down, and it's a, you know, and there are many aspects to it. But one of them is the insiders have one cost of capital, and the outsiders have the other, you know, a much higher cost of capital. As a result, the outsiders get harvested and the insiders, you know, end up centralizing ownership and control of everything. Okay. and it's engineered both through the monetary policies and the fiscal policies.

But the first thing we need to do is understand this is really going on, and we need to get ourselves out of a debt trap. So anything we can do, one, to use cash, preserve cash, because the more the system goes all digital, the more control and the more games they can play. So one is we can use cash. Two, get yourself into a great community bank instead of a bank who plays games, you know, decimates your privacy, as we've seen, from this recent report on the weaponization of government,

and then get out of debt if you can. Even if you have to go to extraordinary lengths, get out of debt, because debt is a debt trap. And we see countries all around the world in a debt trap. You know, the team going around and saying, let's get out of, you know, let's not agree to the who amendments.

Leaders are saying, but we're in a debt trap, the bankers have cut off our money. So whether it's individually or as a family, we have to get out of a debt trap. And then we have to help our jurisdictions get out of a debt trap too. So understand, the differential between the cost of capital.

Part of that is anticipating inflation. Many families have gotten surprised by the extent of the inflation and the dirty tricks involved in the inflation. So one of the things we see is a new video out on one of the retail stores that's saying on their shelves, the price is X and you check out in the prices X plus 10 or 20%. I've been traveling all across the country and staying, you know, doing car rental companies,

hotels and it's the same game del i mean it's a scam so anything you can do to understand the inflation game and the dirty tricks you know anticipate one of the greatest opportunities for every family and every person because we're in election year 74 percent i think of the global population has an election this year and of course we have presidential elections and and significant elections at state and local in the united states one of the things that's One of the things that's amazing, there are leaders fighting for us when it comes to our cost of capital or the dirty tricks that we're dealing with or the great poising, as you know. I mean, they're great leaders fighting. And it's amazing because I've been working with both congressional leaders and the state legislatures.

And it's amazing, Dell, how little support the good guys get. Yeah. So this is an election cycle. This is a time when we all come out in the campaigns. we need, if everybody took their money out of the banks that are playing these games and was scamming us with cost of capital and took their money and put their backing behind the political leadership that is really trying to solve the problems. Oh my God, do you have any idea what a revolution there would be in this country? Yeah, it's really, it's exciting. Those people are out there.

We see it happening. Let me ask you a couple specific questions that are really in the news right now. That Tyson story, Tyson is firing, you know, legal workers closing down plants in some areas, but hiring, you know, what they call refugees, but I'm assuming these are sort of undocumented workers that come into the country, you know, qualify for some reason, and they're hiring them to fill these plants. Does that have any effect on your average consumer? Does that have an effect on jobs and employment? Because it seems to me we have people that will take those jobs.

And we are told you don't have to worry about it. Nobody's going to take those jobs. Only refugees would take those jobs. So what are your thoughts on that subject? So the folks who spin this are lying to you. Now, it's true that there are jobs that immigrants are more willing to do or can do a better job at. So I'm not saying that dynamic isn't here.

But if you look at what's going with the poisoning of the population and the incredible immigration, which is being financed by the leadership, so this is not just being allowed, it is being financed and engineered. So we are seeing immigration weaponized and financed by the leadership. And this is a replacement population. You're basically poisoning one population and replacing it with another population. And it's intentional. It's part of building the control grid. So, and I think, you know, it helps to see things in a in a simple clear manner you know we have to there's a wonderful new article that james counselor just wrote he said you know politics have now divided between the sane and the insane and the sane have realized that all these different spins so he used climate change and some

others all these different spins are just cudgels using uh that they're using to basically kill us and take our stuff right and the beauty is if you understand it's really that simple this is a coo they're using these sort of excuses as a cultural will kill you and take your stuff, then you can start to know what to do because there are millions of things we can do. There are millions of actions we can take. And a very small part of the portion of the population is taking the actions they need to take just to protect themselves. Yeah. And another thing we can do, Dallas get very serious about privacy.

So, you know, the more. invasive the more than one-way mirror can see what I'm doing, but keep government money secret. And we know the laws have changed. Part of our biggest challenges is the federal government has changed the administrative policies and has taken the position that they can keep government money secret. And so, you know, in my community, there are large corporations being paid $100, $125 an hour to do a function that one of my neighbors would love to do for 25. of dollars plus healthcare, you know, but the financial disclosure is not there to see it. If every, if tomorrow everybody got financial statements for their jurisdiction of the government

money, if, you know, if I own a stock, I get an annual report. If I got an annual report from my congressional district, I assure you there would be a revolution because the amount of money being, you know, being funneled into large corporations in a way that makes their stock go up. And, of course, the big one, of course, was the pandemic. We shut down Main Street, and we shift their market share to Wall Street. Wall Street stocks skyrocket, and it's basically a taking. You took the business for Main Street, and you ran it through publicly traded stocks.

You got a big pop on your stock, and the rich are getting richer. But it was really, I don't know if you remember if there was one great moment when one commentator on the floor of the New York Stock Exchange was saying, well, wait a minute, how come we have to close these 20 small businesses, but this big box store right next door in the same shopping mall can stay open and it's packed and their parking lot is packed? And the other said, oh, well, that's science. The virus doesn't go in the big box door. It really, it's funny if it wasn't so tragic. And we've watched it. We've watched, you know, it really, it crosses. party lines. This theft of the middle class has happened, you know, in my mind, no matter who's in

office, but I'm not going to get political about this. I do have an issue that is getting me into arguments, and I'd be the first to say I'm really an artist. I'm really into this science stuff. I'm a filmmaker. I am not an economist, and, you know, if you saw how I run my finances, that would probably, you know, back that up. But I want to say this. Like the question around minimum wage. When I saw just in that in that video that played, that there's still states paying 7.25 an hour, which is maybe just $2 more than I made 30 years ago when I was, you know, working my way up as a teenager and then a young adult. And inflation just seems to me that it has skyrocketed past that. We are living in a different day and age. Yet this argument keeps being made. If you raise minimum wage,

that cost is going to be on the consumer, it'll actually hit the middle class and the poor and they won't be able to buy groceries or eat at a McDonald's or whatever that arguments that's being made. But it seems to me that what that says is so that cost, you know, won't be coming from the CEOs that are still making billions of, you know, millions of dollars or from the stock. like it's all just being put on the consumer. But then the argument I hear is, well, what about the smaller businesses? They can't handle that.

So what is it, what is your take on minimum wage? Are we just going to, because here's my question. Let me be more specific. It seems to me if we don't pay people enough that they can feed themselves worth, if you're working a 40-hour week, even if it's at a coffee shop or McDonald's, you used to be able to have a cheap apartment and make it buy, a striving to do. do better, but I wasn't on food stamps. My parents didn't give me money. I worked in restaurants and I did things and was able to survive in New York City doing that. And now I feel like as we

like, you know, contain this and say, well, we don't want to put it on the consumer, but really we're all paying taxes that go to food stamps and assistance programs. So we're paying them one way or the other, aren't we? That, I mean, that's sort of where my question is at. So it is true that the higher you make minimum wage, the more incentive businesses have to automate, or the harder it can be for startups or small business. So I'm not saying there isn't some legitimacy to that, but the basic premise, Dell, is what we're saying is it's much more economic for everybody to have inhuman working conditions and people who can't afford to live or take proper care of themselves and their family. And we need to run a society where working people live an uncivilized existence. This is ridiculous. Yeah.

So yeah, and if you look at the massive subsidy going into corporations and large banks and the illegalities of the, of the, I mean, right now the US government has broken all of the financial or a significant number of the financial management law for decades and trillions of dollars are missing from the U.S. government. There's over 21 trillion that we know of before they took the book secret. I assure you there is enough money for everybody to live a civilized existence. For example, I go back and forth between Tennessee and the Netherlands. In the Netherlands, the average holiday for people in Northern Europe is 40 to 50 days a year. At the United States, it's 10 days. Try and be healthy. Do you know what the difference is when you, when you,

When you walk, and the food in Europe is so far superior, it's unbelievable. So when you walk around Northern Europe and you see the health of people, it significantly improved relative to U.S. because literally the U.S. worker is living under inhumane conditions and they can't be productive. I can't be productive if I'm being poisoned and I'm not getting enough sleep. Okay? So, I mean, the whole thing is a ridiculous discussion. And it comes back to whether are we going to try and liquidate our population, or are we going to try and build a real human civilization?

It's simple. It's simple. And many of these things are, in fact, when the World Economic Forum says it's 2030 and you have no assets, all of these are simply mechanisms they're using to basically take all your assets. If your cost of capital is 17% and mine is zero, it's a matter until I'm. you know, buy all your stuff, right? Yeah, you're just slowly going to take it all from it, which is what we've seen over the last several years. And that's my feeling. There is rivers of money flowing through the United States of America,

and there's just a tiny group of people that are literally holding everybody else back from even getting a sip from that river. It's getting ridiculous. Well, part of the problem is that river of money makes things very unproductive. and that's hurting everybody. Here's the good news.

And I give credit to Mary Holland of Children's Health Defense, who pointed this out to me. There was a TED talk of an academic who went back and studied revolutions. And the first thing they discovered was that revolutions, civil disobedience revolutions,

were much more successful than violent revolutions because they were so inclusive. But here was the really good news. It only took 3.5% of the population to engineer a successful revolution. So when I say if we shift our money, if we stop financing their great poisoning,

if we stop banking at the banks who are playing this game and engineering the monetary inflation to basically bankrupt us or engineering the pandemic, if we shift our money and we shift our support behind the political leaders who are doing incredible things at the local state and federal level, it doesn't take a 3.5% to really set off a revolution.

And I think the time has come when people realize, oh, it's simple. It's simple. This is simple. Let's, you know, it's time for the same to take back power from the insane. I love that. Let's do that. So it's a revolution of the saying, getting back in charge. If you want to follow all the great work that you do, where do we go to check that out?

Go to Salaria. Our whole, we have a building wealth curriculum because what we need, Dell, is a reset that builds wealth. And if the same take things back, we can build tremendous new wealth. Tremendous. Fantastic. Catherine Austin Fitz, you are going to go down in history as one of the great women of our time. It's an honor and pleasure to know you to get to work with you

and that you would take the time to share this insight with us today. It's really appreciated. Thank you. Thank you, Del. All right, take care.