Appearing 90 minutes into the show, investment advisor Catherine Austin Fitts spoke about the financial outlook. The global economy has been dependent on issuing more and more debt, and now that we can't keep expanding the debt, "we're literally seeing an economic contraction," she commented. Prices have been held down as we print more cash, and now we're going to have reconcile the paper to real things, leading to a deflation of income, but inflation of prices, she warned.
What we're watching is a financial system that is driving small business out of business, Fitts said, explaining that all the capital goes to Wall St. to the firms that have the inside deals. We need to change the economic model away from the centralized banks, she added.
Fitts noted that one of the biggest financial mistakes that people make is that they don't invest in preventative health care. As far as investments, she recommended precious metals, energy technology, as well pooling resources in investment clubs. Farmland with great water is even a better investment than gold, she said, as food you buy at stores isn't always trustworthy.
During the first half-hour, Robert Piccioni, Ph.D. argued against the notion that the development of life happened by chance, citing the complicated and sophisticated design of DNA. His interview was cut short because of difficulties with his phone line.
It's long been speculated that when Hillary Clinton met with Laurance Rockefeller in 1995, they discussed ET disclosure. Researcher Grant Cameron retrieved documents that reveal Rockefeller was soliciting help from Hillary's staff on submitting a paper on disclosure to Pres. Clinton, at the time. Now, another researcher, Tonio Cousyn, has discovered that the book (circled in red) Hillary was holding in the famous photo of her & Rockefeller is none other than, Are We Alone? Philosophical Implications of Extraterrestrial Life by Paul Davies. More at Openminds.tv.
Bumper music from Monday January 18, 2010