Appearing for the first three hours, financial advisor Catherine Austin Fitts discussed the economic crisis and possible solutions. $4 trillion has been pulled out of the economy, she said, and the big mystery is where did it go? At the core, we've experienced a financial coup d'etat-- assets have been stripped out of communities in order to make people more dependent on Washington and centralized government, she asserted. "We're watching the control and consolidation of cash flow."
Now the Fed and Treasury are putting trillions back into the economy by printing money-- that isn't going to solve our financial problems, she commented. The current bailout of Citibank is just enough to keep it going, but there's no assurance that'll be enough, Fitts stated. These bailouts are like "steroids" - they're not building real economic value.
Fitts proposed a path back to economic vitality: People should put their money into local economies and avoid investing in corrupt institutions. Networking with neighbors, embarking on DIY projects, and buying from local farmers are ways to enhance local wealth. She also suggested young people be given a toolkit for concrete skills such as learning how to build homes and grow food. Additionally, wealth could be created by bringing forward energy and health technology that's been suppressed.
Puerto Rico Investigations
Appearing in the last hour, paranormal investigator Joshua P. Warren spoke about his latest expedition to Puerto Rico, where he is setting up a research center. His tour group spotted nightly UFOs from a location in Old San Juan, he said, including a ball of light that zigzagged through the air before it disappeared.
CNN's American Morning is presenting a series of reports this week called "In Search of Aliens." The first, Alien Believers Among Us, offers a somewhat open minded examination of the UFO phenomenon, and includes an interview with Edgar Mitchell. Tuesday's report, Roswell Revisited looks at how the town is "peddling the alien trade."
Bumper music from Tuesday November 25, 2008
Midnight Express (The Chase)
Orinoco Flow (Sail Away)
Allman Brothers Band
Bitter Sweet Symphony
Here Comes the Rain Again
Runnin' With the Devil
Wishing on a Star