Boom Bust Season 1 Episode 83 Catherine Austin Fitts Discusses the Networked World

Catherine Austin Fitts is the featured guest on episode 83 of the first season of Boom Bust. In this episode, Fitts discusses the ever-increasing interconnectedness of our world and how it is affecting the economy, technology, and society as a whole.

Fitts has a vast amount of experience in finance and investment as a former Wall Street banker and Assistant Secretary of Housing and Urban Development under George H.W. Bush’s administration. She now runs an investment advisory firm and is a frequent commentator on various media platforms.

Throughout the episode, Fitts shares her thoughts on the ways in which technology is shrinking the world, allowing people and businesses to connect with each other on a scale never seen before. She points out the potential benefits of this level of connectivity, including increased efficiency, innovation, and economic growth.

However, Fitts also warns of the potential drawbacks of a truly networked world, specifically the loss of privacy and the accumulation of personal data by large corporations. She notes that companies like Facebook and Google are able to collect vast amounts of personal information and use it to further their own interests, potentially at the cost of individual freedoms.

As she delves deeper into the topic, Fitts also explores the ways in which technology is disrupting traditional industries. She points to the rise of the sharing economy, which is supplanting more traditional businesses in areas such as transportation and lodging. This trend, she believes, is only going to accelerate in the coming years as more and more consumers become comfortable with the idea of sharing resources rather than owning them outright.

Throughout the episode, Fitts also touches on a number of other related topics, including the potential effects of automation on the job market, the use of blockchain technology in finance, and the possibility of a global economic reset. Her insights are thought-provoking and rooted in her extensive experience in finance and government.

Overall, this episode of Boom Bust is a must-watch for anyone interested in the ways in which our world is changing. Fitts offers a unique perspective on the challenges and opportunities presented by a networked world and is sure to leave viewers with a lot to think about.