/* Style Definitions */
mso-padding-alt:0in 5.4pt 0in 5.4pt;
font-family:”Times New Roman”,”serif”;}
Clash of the Titans
Over the years that CRS has published its blog, I’ve pointed out the need for preparation. In support of this I’ve cited various political, social, and financial “seers” who anticipated radical changes in our way of life. People like Celente, Faber, Deninger, Rodgers, and others have basically pointed out a doom and gloom scenario and for the most part advocated preparation that many may or may not be able to follow. In the spirit of equal time, below you will find a somewhat different point of view, which while not disagreeing with a radical change of life for most of us, certainly paints a much rosier picture.
Essentially, what Catherine Austin Fitts is saying is that an economic era is quickly coming to an end much like the Industrial Revolution usurping the agricultural economies of its time. To be sure, this transition from agricultural to industrial left much distress and devastation in its wake, the long view, however, was one of growth and the largest and most widespread opportunities for people of all classes of society. In her view, what is occurring is a clash of systems: the outgoing “Legacy” system and the new emerging system which she refers to as the “Breakaway” system. Mrs. Fitts contends that there is new infrastructure in the economy: oil and gas; agriculture; and new technology based manufacturing. Fundementally, the new system cordoned off the assets of the old system leaving only the obligations such as pensions, social security, etc. in the old Legacy systems which are in the hands of the public sector in the form of sovereign governments; and it is here that the Clash of Titans is occurring. Unfortunately, as in many of our contemporary wars, this has been producing, and will continue to do so, much collateral damage, which are the little guys like John Q. Public.
What Mrs. Fitts credentials and bono fides are and whether she is right or wrong I do not know, but certainly her view is interesting. It is also interesting to note that no matter who the oracle: Celente, Faber, Deninger, Rodgers, or even Mrs. Fitts all agree that an overwhelming tidal change is coming politically, socially, or financially.
Here is the web citation:
Richard of Danbury, D.S.G.