Defaulting banks - where will it stop?

[Lauren Johnson]

What would it mean to move gold south? Why south? Who and/or what would receive it? I just don't get this at all.

Sorry Lauren, I didn't make this clearer - it wasn't just gold but effectively shifting the US economy to the unregulated southern hemisphere (I suppose India, China etc). By that I mean jobs, wealth, wealth generation etc.

This was a conversation I had with Catherine Austin Fitts, who had been told this by Nick Brady --- "the decision's been made, Catherine" were his words, as I recall. She was arguing for domestic jobs.

It was a conversation that stuck in my mind because of the enormity of it at the time (late 1990's and the conversation she had with Brady was during her time in the 1st Bush Amin, so 1989-93).

Today, we can clearly see that the new powerhouses are southern hemisphere nations.

Indeed, I did get the part about the jobs. But you said this:

All the gold's gone there, and a great many of the jobs too,

But I guess you did not refer at all to gold.