Building a Bitcoin Prison – Catherine Austin Fitts

Greg Hunter of USAWatchdog interviews Catherine Austin Fitts.

“Former Assistant Secretary of Housing and investment advisor Catherine Austin Fitts says you have to be careful and fully understand Bitcoin.  Fitts explains, “We do know they want to go to an all-digital system with central bank cryptos.  The easiest way to build the prison is to get freedom lovers everywhere to build the prison for you.  To me, Bitcoin has always been the prototype on the way to building the all-digital crypto system that they would love to put into place.  You have $400 trillion in fiat (currency) and it needs a place to go.  If you are trying to buy up all the gold, silver and farmland, the last thing you need is competition from retail.” 

I think that this 45 minute interview is well worth your time. It offers insight on the linkages between the financial system, the importance of tangible assets (real things), the COVID lockdowns and the move to a new global digital currency system.

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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