Unlimited Hangout with Whitney Webb Inflation Reduction & “Green” Banking with Catherine Austin Fitts
4 snips
Aug 30, 2022 
Catherine Austin Fitts, President of Solari Inc. and a former Assistant Secretary of Housing, dives into the implications of the Inflation Reduction Act. She raises concerns about its push for a 'green' economy which seems more beneficial for billionaires than ordinary citizens. The conversation touches on financial privacy issues tied toIRS enforcement, rising cyber threats to personal finance, and the potentially monopolistic nature of green initiatives. Fitts calls for personal responsibility in navigating systemic challenges and preserving financial autonomy.
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IRS Spending and Staffing Reality
- The Inflation Reduction Act authorizes $80 billion for the IRS but does not guarantee 87,000 new employees.
- The funding aims to increase IRS enforcement to generate revenue beyond the investment, not just target high earners.
Protect Your Financial Privacy
- Archive and document all financial records meticulously, especially crypto transactions and trades.
- Use cash and trusted local banks to minimize digital footprints and avoid invasive IRS data targeting.
Risks of Digital-Only Taxes
- A fully digital tax system allows the IRS direct access to your bank account for payments and refunds.
- This system enables them to seize funds without court orders, increasing vulnerability to unauthorized withdrawals.
