One of my favorite economic writers is Catherine Austin Fitts. She is a person who has both a very good grasp on how the economic system works, plus, a modicum of sattva-guna. The result is that she wants the economic system to work for the people. And it can. The problem is that those who presently control the economic system (as well as governments, the media, the military, universities, etc.) are not only mired in tamo-guna but are totally demonic—raksasas in the language of the Vedas, psychopaths in modern language. They care only for themselves at the expense of everyone else, which is becoming totally apparent to everyone these days, and this is the most fundamental problem the world faces today.
An excellent interview with Ms. Fitts by the Daily Bell was posted on their website the other day. In it she explains how the current system can be made to work better as well as how a shift to a gold currency, or gold-backed currency (which is touted by many these days) rather than being the panacea can actually create havoc since the available gold is held by very few people.
Below I have included some salient excerpts from the interview. If you are interested in how the economics of the world is working you will do well to read the entire interview found here. In it she repeatedly states that the necessary elements to make the system work are responsible, law-abiding people at the top. This underscores that what is needed to solve the economic problems and heal the world is sattva-guna, since the qualities she calls for are those brought by the influence of sattva-guna. The best (and only) way to increase the influence of sattva is the chanting of the Hare Krishna mahamantra: Hare Krishna, Hare Krishna, Krishna Krishna, Hare Hare, Hare Rama, Hare Rama, Rama Rama, Hare Hare. As more and more people take up the chanting of the holy names of God we will see His influence in this world and the desirable changes will be able to manifest. Remember: there will be No Solution Without a Spiritual Revolution!
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Catherine Fitts: “I have had the opportunity to operate at high levels in Washington and Wall Street and have never met a person who did not function as if they were a prisoner of the system. Often, that ‘system’ did not permit them to function on a lawful basis [indicative of tamo-guna]. This implies highly centralized governance if this many people are functioning in an insecure, limited or unlawful way.
“The people who manage our financial system are also operating with significant double binds. This is what I try to describe with my red button story: In the summer of 2000, I asked a group of 100 people at a conference of spiritually committed people who would push a red button if it would immediately stop all narcotics trafficking in their neighborhood, city, state and country. Out of 100 people, 99 said they would not push such red button. [these are spiritually-committed people???] When surveyed, they said they did not want their mutual funds to go down if the U.S. financial system suddenly stopped attracting an estimated $500 billion - $1 trillion a year in global money laundering. They did not want their government checks jeopardized or their taxes raised because of resulting problems financing the federal government deficit. [Selfishness at the expense of others is due to the influence of tamo-guna.]
“So it is not appropriate to assume that the corruption is just at the top. Indeed, most citizens in the first world have been the economic beneficiary of what James Turk calls ‘the central banking-warfare model.’”
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“When I look at a company, the first thing I look at is the quality, experience and networks of the people who govern, manage and own it. It is the same with the global financial system. Without high quality people who are free to govern in the best interests of all concerned or as stated by law, charter and contract [sattva-guna], there are no solutions. Put excellent people in charge throughout society and I assure you they can run things remarkably well, even if forced to struggle with lousy currency systems.”
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“We need to look at all these ideas through the prism of economic warfare. An eco-village can be a wonderful idea if the people who participate choose to create it and grow it well. However, that idea in the hands of the wrong people can be a design for labor camps...So be careful with monetary ideas....Otherwise interesting ideas can turn into weapons in the hands of those who do not have our best interests at heart. Again, one man's eco-village is another man's labor camp. One man's gold standard is another man's plan to reduce a population to a feudal state to his advantage.”
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Daily Bell: Would markets be better off if they were MORE free and private watchdogs were allowed to take over from public ones?
Catherine Austin Fitts: Not necessarily. Again, we need to address the question, ‘Who is the breakaway civilization, what are their weaponry and surveillance systems and what systems will work successfully to shift their behavior in a positive manner?’ This, of course, leads to additional questions, such as, ‘What do they know that we do not know and how would we behave if we had that knowledge?’
Setting private watchdogs to regulate these guys is a bit like landing on Normandy Beach with a water pistol.
This enforcement question is one of the reasons I focus on the power of transparency combined with individual intention and action to bring positive change.
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Daily Bell: What would be the result of more global centralization?
Catherine Austin Fitts: It would be more of the same – including increases in poverty, slavery and depopulation. Aaron Russo knew what he was talking about when he said warned us that these folks want spy chips in everyone and everything. [Aaron Russo’s revealing statements (for which he met an early death) are on YouTube, here.]
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Daily Bell: What are some of the most important issues pertaining to free markets, in your opinion?
Catherine Austin Fitts: The most important issue is transparency. The second is integrity of contracts and agreements. [these both are the symptoms of sattva-guna. They cannot be had without sufficient sattva-guna in those who control the economic system.]
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Daily Bell: What are the fundamental obstacles to recovery?
Catherine Austin Fitts: We are experiencing an ongoing financial coup d'état that is centralizing power. Symptoms include an absence of transparency, deteriorating integrity of contracts and agreements, environmental deterioration, a "breakaway civilization" that appears "out of control." I would add to this the use of financial markets for warfare as opposed to facilitating the allocation of capital and trade. [all symptomatic of tamo-guna]
The ultimate codification of things like transparency and integrity of transactions is not the law; it is the culture [requiring sattva throughout the culture]. A variety of forces are systematically breaking down our physical health and our culture. That cultural corruption is the greatest obstacle. [indicative of the tamo-guna that pervades today’s culture]
Daily Bell: Is there a power elite that is trying to create one-world government? If so, is it succeeding?
Catherine Austin Fitts: Yes, there is a concerted effort to create a one-world government and evolve to a one-world currency. It has been succeeding. As the "financial coup d'état" becomes more obvious, centralization is entering a critical stage as more and more people globally react negatively to the effort and related tactics.
And finally, One reader’s comment: “Very interesting article. When one sees what has been happening and is happening today, one can only ask: Is a monstrous evil running amok in the world?”
An astute conclusion. Why yes, there is.
My comments here will be more easily understood by reading my book “Lessons in Spiritual Economics from the Bhagavad-gita - Part 1 - Understanding and Solving the Economic Problem” available from the link on the front page of my website.
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