Wednesday, June 30, 2010

Solari Report Digest 13 by Catherine Austin Fitts - June 29, 2010

Solari Report Digest 13 June 29, 2010
Saving the Family Farm, Currency Warfare Then and Now, Leases, Leaks, and Liabilities
Guests: Jim & Linette Crosby, Jim Norman, Franklin Sanders
Social support and private equity save the Crosby Mint Farm after foreclosure. Currency warfare then and now with Franklin Sanders. Leases, leaks, and liabilities in the Gulf of Mexico with author Jim Norman.
I n November of 2008 Solari began reporting the story of Jim Crosby and his sister Linette and their farm, Crosby Mint Farm, the oldest growing and producing mint farm in the United States. Their saga began after a single late loan payment in 2006, after which their creditors cancelled their loans and began foreclosure on the farm.

Despite a protracted battle to save the farm and giving up $150,000 worth of inventory and equipment, as well as $340,000 in cash, the bank proceeded with its effort to evict the Crosby’s from their farm. Amazingly, after losing the farm to foreclosure, Jim and Linette were able to win it back with the support of thousands of customers and friends across the country and a private angel investor.

Their experience is a spirited story of economic warfare with a happy ending and speaks to a debt and banking system that actively works to destroy healthy businesses; the value of building retail markets and circulating private equity as well as the value of having a strong network of friends, family, and supporters.

You know the old saying "those who do not learn from history are doomed to repeat it?" When it comes to trade and currency wars, history has been repeating itself for centuries and for those masters of market manipulation, they’d rather you didn’t know what they're up to.

Understanding financial history can effectively transform one from being a victim to an active player in the world and set one on the path of self-determination. Precious metals continue to grow in importance to the financial system and household wealth, understanding how they are used to balance accounts between nations is a key piece of this transformation.

Franklin Sanders of The MoneyChanger provides some history on the flows of gold and silver between east and west and Catherine explains how that relates to ongoing effort today to get Asian and North American investors to buy precious metals ETFs instead of the real thing.

The recent disaster in the Gulf of Mexico has few silver linings if any. The ecological and economic devastation to the Gulf region is only just beginning to be felt and will be with us for a long time to come. In the flurry of blame being flung none stands more tarnished than BP, whose creation and handling of the oil spill has brought waves of ire against the company increasingly known for it’s negligence and greed.

To help us understand the Gulf Oil Spill, what it is and how it happened, and what it means to our environmental, political and economic ecosystems Catherine spoke with veteran reporter Jim Norman, author of The Oil Card: Global Economic Warfare in the 21st Century. They address the question of BP’s liability for damages which are estimated to exceed $25 billion dollars, and what the disaster might mean for the future of oil development in the Gulf region.


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