There are some who believe the central banking system is a global octopus of multi-layered tentacles controlling the world through a network of national central banks. This allows them to manipulate the global fiat currency, fractional reserve, ponzi scheme financial system to dominate and steal the wealth from the people who populate the nations of our planet.

Yet, others believe the central bank controlling system feeds off the people in an even deeper more insidious and stealth manner at the point where economy, nature, and human devastation intersect. Former Assistant Secretary for the U.S. Department of Housing and Urban Development Catherine Austin Fitts believes that it’s all a sign the Federal Reserve Bank system is at its height in power.

Austin Fitts claims, “You know I hate to say it but right now if you look at what’s going on this week, and last week in the U.S. economy, I would say all the symptoms are that the Fed, the people who own the Federal Reserve, are more powerful than they’ve ever been.”

A reading of the headlines tells us the Federal Reserve Bank has been getting away with raising interest rates which are killing markets, slowing growth, smothering wage growth, and although statistics say unemployment has gradually come down, according to forbes.com the prime age participation rate for employment has been historically low and self-reported underemployment has seen record highs.

Former United States President Ronald Reagan’s White House Budget Director and best-selling author David Stockman concurs saying Fed policies over the last couple of decades have devastated the American middle class. According to journalist Greg Hunter, Stockman contends, “The Fed drove up costs, prices and wages at 2% come hell or high water. You do that for two or three decades and all of a sudden you are totally uncompetitive. You have the highest cost structure in the world economy, and the jobs and production migrate to where companies can find lower costs and better profits.”

The Federal Reserve’s 2% inflation drove jobs off shore and undermined wages and the middle-class economy. It also created a dangerous distortion in the distribution of national wealth.

IS THE FEDERAL RESERVE BURNING CALIFORNIA FOR PROFIT?

So why is the Fed going to again raise interest rates? Is it to crash the economy and take down the Trump Administration?

If so, who are they going to try to burn next? Catherine Austin Fitts, financial adviser to the wealthy, says it might be Californians through mortgage insurance funds and the U.S. government.

“I’m very disturbed about what’s happening in California with the fires,” Austin Fitts tells USAwatchdog.com. “And I’ll give you a prediction. This is a guess. But it’s a high octane speculation. One of the little known secrets about natural disasters is that it is a moment in time when the mortgage insurance funds of the U.S. government open up and money flows out in very secret massive ways, okay.”

Which means the U.S. Treasury and the financial operations of the U.S. government have wide latitude during a disaster to pour money out. And Austin Fitts believes one of the things that happens is every time you have a disaster the mortgage fraud gets written down.

“So, for example, not when I was the FHA Commissioner, but when I was the lead financial adviser, what we started to see was very disturbing patterns between areas where there was high mortgage fraud and fires. And it was almost as though fires were the moment in time when they could write down a lot of the mortgage fraud into the fund and pull out surplus. So as these funds are building up surplus you have a fire, you write down mortgage fraud, you get rid of the surplus. And so we started to see a lot of coincidence between money pouring out and what looked to be very suspicious patterns of fire that just happened to be where mortgage fraud was,” Austin Fitts reveals.

In the last two years alone California has been witness to an unprecedented series of firestorms that have devastated the state financially and caused many deaths. We witnessed this first hand in Ventura, the city in which this author resides, which may never recover economically from the devastating Thomas Fire of December 2017.

The firestorm consumed this sleepy bedroom community and nearly brought our city to a halt for several months, as rescue workers saved what was left of the city’s charred remains. We’re still reeling from the physical devastation, especially after recent heavy rains formed Colorado like rapids, washing mud and silt down the naked and blackened hillsides. Half the houses in our neighborhood burned to the ground (some say microwaved by Smart Meters), which included the house next door – reduced to ash in its footprint in less than 5 hours.

Catherine Austin Fitts believes the banks are going to use the California fires to write down huge amounts to take advantage of the surplus in the Federal Reserve. “You know the Fed has $4 trillion which I believe has a lot of the kind of Wells Fargo funny stuff in it – mortgage fraud. And the banks. The banks and the New York Fed are going to write down some of this stuff as much as they can during these disasters, certainly during the California fires,” Austin Fitts says.

So does that mean the Federal Reserve is using the California fires to clean up their books?

“Yes,” Austin Fitts says. “Sure enough last week the FHA came out and said, Oh we have a problem with appraisals. We’re going to lose $14 billion. That’s just ya ya. I don’t believe that … I think they’re going to write down a huge amount into these fires.”

You know, stick it to the FHA. Stick it to the VA. Stick it to as many U.S. governmental agency funds as possible and rape us Americans for all we’re worth.  Which is much less than it used to be.

Recently we saw Warren Buffet starting to buy banks.  So what’s that all about?

“What’s that’s about is cleaner balance sheets you know those banks are going to be stronger than they look. And if you look at my guess as to what’s going on in the shift of money and the cleaning up of balance sheets you know what that says to me is the New York Fed, and the owners of the Fed, are as powerful as ever.”

While we the people are more broke than ever.  Which is why we might want try to fight through all the disagreement amongst ourselves and learn some more financial truth and apply it to our lives before it’s too late for our families.