~ February 18, 2019 ~
“There can be no time, no state of things, in which Credit is not essential to a Nation…” ~Alexander Hamilton, “Report on a Plan for the Further Support of Public Credit,” 1795
Table of Contents
III. The Rating Agencies
XIII. Appendices A & B
“In this article, we explain, with reference to other materials available on The Solari Report site, that it is no longer prudent for the investor to rely solely upon primary and secondary securities dealers, the U.S. rating agencies, and mandatory disclosure by issuers to accurately assess the risks and values of certain securities. While we encourage investors to do their own due diligence, we also recognize that FASAB 56 eliminates any hope that the investor will be able to obtain sufficient information to accurately assess the credit and value of his or her holdings of U.S. Treasury and other securities whose values are affected by Statement 56 (i.e., a meaningful percentage of U.S. public and private equity and debt securities). ”
Full article here.
The original source of this article is Solari Report
by Catherine Austin Fitts
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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.