Of The Breakaway Civilization

          The Breakaway Civilization is a group of elites that have a secret space program in the United States and perhaps other countries.  Their space program is funded by trillions of tax payer dollars that are unaccounted for and they have embedden themselves in the corporate and academic world.  Also, they have factions within the deep state representing them.  It is unknown how old The Breakaway Civlizations is.  Its possible it is hundreds of thousands of years old.  UFO researcher coined the term Breakaway Civilization.  According to Oxford scholar Joseph p Farrell, much of The modern Breakaway Civilization formed during the events after World War 2.  Especially since the Cold War was taking place.  Its possible the war on drugs during the 1970s up to today and the war on terrorism has shifted the power structure of The Breakaway Civiliztion.
         Catherine Austin Fitz has done research on the finance aspect of The Breakaway Civilization and Secret Space Program.  Indeed, The Breakaway Civilization and The Secret Space Program have major economic and financial implications.  Over the last five years The Dark Journalist has interviewed Catherine Austin Fitts, Joseph p Farrell, Richard Dolan, and several other people on The Breakaway Civilization.  It is estimated that by now The Breakaway Civilization has stolen hundreds of trillions if not quadrillions of dollars from the governments of other countries in the form of black budgets.
          The Black Budget is being used to fund the Secret Space Program by The Breakaway Civilization.  On top of this they have used securities fraud, mortgage fraud, high frequency trading of secreties, government bailouts, and derivative trading to raise money for their operations.  A derivative is a financial contract whose value is based on, or "derived" from, a traditional security (such as a stock or bond), an asset (such as a commodity), or a market index.  Currently, the derivatives market has a total worldwide value of 1.2 quadrillion dollars.  This dwarfs the world GDP of 80.6 trillion dollars.  This is a major risk to the global ecnomy.  The issue of derivatives could cause a massive financial crises.
      The Glass Steagall Act was passed into law in 1933 during The Great Depression.  This legislation seperated commercial banking from investment banking.  Investment banks perform Initial Public Offerings (IPOs) for companies that are going public.  This means the investment bank would market the stock of the company going public.  Investment banks often engage in risk high speed trading especially of derivatives.  This has resulted in massive losses for many banks.  During The Clinton admninistration this act was repealed and commercial banks were allowed to engage in investment banking.  This led directly to the 2008 financial crises.  The Dod- Frank legislation was passed into law in 2010.   The act established a number of new government agencies tasked with overseeing various components of the act and by extension various aspects of the banking system.  This legislation does not go far enough to prevent mortgage fraud or prevent commercial banks from munipulating the economy by engaging in high frequency trading.  The Glass Steagall Act needs to be reinacted and commercial should not be allowed to engage in risky trading of securities.  Also, the government needs to do more to prevent no interest, no income mortgages.  These steps are neccesary to ensure the stability of the economy.  The financial system needs to serve the economy, rather than be its master.  The financial industry is becoming a larger percentage of the economy and there is less physical production taking place.  The real economy that involves physical production is suffering.  I've mentioned in my earlier blogs the need to implement a system of Placed Based Finance and Industry.

References

"Analysis of the Breakaway Civilization" Joseph p Farrell

https://www.youtube.com/watch?v=1svGIBKaE_0&t=3s