AUSTIN FITTS: GOLD AND A BREAKAWAY CIVILIZATION
MAY 31, 2013
When does the current unsustainable and lopsided business model of the precious metals market blow-up in a default? To address this question, Catherine Austin Fitts, a former Wall Street insider and Assistant Secretary in the Bush I administration, takes us on a tour of the present ‘slow burn’ of Central Planning with the two key dynamics at play. Though she feels the primary trend of Gold is up over the long term, there are critical short term hurdles now hindering the central planners.
Both impact Gold. Within this context Catherine defines what she refers to as the Breakaway Civilization and how “Mr. Global” operates within it: