Catherine Austin Fitts on the consequences of $200/barrel oil, if it happens:
"we can't drop commercial inventories anymore... [so] oil could go as high as $200"
"we're talking about, potentially, a major, major shutdown and layoffs"
"I call this Covid 2.0"
"if I'm a farmer, it's not just the price [of oil], or the price I have to spend running my tractor, it's the price that goes into my fertilizer and other ingredients"
This clip of Fitts, an investment banker, former Assistant Secretary of HUD, and founder of the Solari Report (@solari_the), is taken from an interview with Greg Hunter (@USAWatchdog) posted to Rumble on June 6, 2026.
---------------Partial transcription of clip----------------
"Here's the thing. If you look at the current energy prices, we've all been protected because two things are happening. The— Many of the countries that have sovereign strategic reserves, like the United States, have been running down the reserves.
"And we are running down the reserves, you know, down to where they were during the Biden administration because of COVID 1.0. I call this Covid 2.0.
"But the other thing is that the commercial inventories have been falling and we are approaching probably by mid-June, the level where you can't drop them anymore because you have a certain, you know, you have a certain supply that has to protect and keep the pipeline and other energy infrastructure going...
"I was asked this last week to do an interview talking about what AI and automation were doing to employment. And what I said is, don't worry about AI and automation. If you look at what's happening in the energy market, if we really do hit that wall and we can't drop commercial inventories anymore and the strategic reserves won't drop anymore, oil could go as high as $200.
"Because now people all around the world are going to have to compete for oil. And the only way that the price, is going to resolve supply and demand is you're going to shut down a whole bunch of capacity. That's why I call it Covid 2.0. You know, we're talking about potentially major, major shutdown and layoffs
"We have energy independence, we don't have price independence. So, you know, it's one thing and it's not just price of oil. So if I'm a farmer, it's not just the price, or the price I have to spend running my tractor, it's the price that goes into my fertilizer and other ingredients.
"So if we just had another story in Money and Markets about a rice farmer in Asia, who didn't plant because it was going to cost $33,000 to plant her small rice farm and she was going to make $22,000, you know, because your, your costs go up, but that doesn't mean your revenues go up too, right?
"So, you know, we're taught we're talking about something that can ripple through the economy. Now, if you look at what happened yesterday, I haven't read the language, but Congress, the House, voted that the president couldn't continue the Iran war without a war resolution.
"Four Republicans voted with the Democrats, and that's how it happened. And I think part of it is they can see this wall coming and they know what it means."
@MattyWhack1976 speech he did at the USS Liberty reunion last year . What a honor it was to be able to around these men, but also to be able to hear Matt’s speech in person. ❤️🇺🇸
@AJNlive Harrison, What if Trump knew about the voter fraud n 2020 because it was part of his/elites plan... He did steal the election from Thomas Massie.
On today's Commodity Culture, @DowdEdward believes that AI companies priced on a hope and a dream are holding up the broad market and when reality finally hits, he expects stocks to crash 30% or more, with the silver lining being a $10,000 price on gold.
https://t.co/jchkQv58wy
🚨BREAKING: There is NO water in The Rio Grande?!
I’m standing here in New Mexico and the river is completely DRY.
Nearby AI data centers are consuming massive amounts of water to keep their systems cool.
Meta’s Los Lunas facility alone has reportedly been tied to roughly 75 million gallons of water usage per year connected to Rio Grande resources and it’s only ONE of many projects expanding across the state.
People can argue over the exact numbers, but one thing is undeniable… these facilities require enormous amounts of water and there are more data centers across the country being built as we speak.
This is starting to look like an environmental disaster in plain sight.
We need to put pressure on local representatives and the President to examine this environmental crisis before it’s too late.
Virtually every major war begins under false pretenses. German economist Richard Werner explains what the current global conflict is actually about.
0:00 The Effect of Propaganda in Wartime
11:52 The Return of Total War
21:50 Rivalry, Concentration Camps, and the First World War
39:55 Is China the New Germany?
51:18 The Bombing Campaigns Against Iran
53:28 Is There Danger of Japan and China Collaborating?
57:34 Why a Proper War Requires a Built-Up Enemy
1:00:47 Engineering Famine
1:07:51 China's One-Child Policy and Anti-Population Growth
1:18:17 The Great Deception
1:28:53 What Would a One-World Government Look Like?
1:37:49 The Man Who Helped Bring Hitler to Power
1:43:08 The Rothschilds and the Birth of Modern Economics
1:48:10 Where Does the Real Power Lie?
1:51:02 Are We Moving Closer to Centralization?
1:56:36 What Happens to US Assets as the Global System Changes?
This violates the very law that Trump signed and Melania championed!!!
The TAKE IT DOWN Act makes it illegal to promote deepfakes!
Voters are being swayed by AI campaign ads against Thomas Massie.