Catherine Austin Fitts is an American investment banker and former public official who served as managing director of Dillon, Read & Co. and as United States Assistant Secretary of Housing and Urban Development for Housing during the Presidency of George H.W. Bush. She has widely written and commented on the subject of public spending and has alleged several large scale instances of government fraud.

Catherine has been following the story of the black budget, the missing trillions, and the back door in the US Treasury for decades. Now, her tireless work on this subject has been published in a comprehensive report from Solari.com, “The Real Game of Missing Money” Volumes 1 and 2. Today James Corbett talks to Fitts about FASAB 56, the missing trillions and the financial coup d’état which has liquidated the wealth of the United States and shipped it out the back door.

Further reading:

Enemy Of The State – The Catherine Fitts Story (1)

Catherine Austin Fitts — Maverick Banker

“…In the arcane but stodgy world of investment banking, Catherine Austin Fitts is a revolutionary.

Before founding her own firm, Fitts, a Wharton graduate, was the first woman to be promoted to managing director of Dillon, Read and Co, Inc., the prototypical elitist men’s club Wall Street investment bank.

To her credit, Fitts was instrumental in building a new market for Dillon Read. She began underwriting previously unrated municipal bonds, in essence, financing large government projects which other Wall Street firms said couldn’t be done.

These novel bond sales helped revive New York City’s crumbling subway system, and they provided funding for the City University of New York and other major projects.

The market in unrated and low-rated muni bonds took off, earning Fitts the title of “Wonder Woman of Muni Bonds,” in a glowing Business Week article (February 23, 1987).

In 1989, she was asked to become the Federal Housing Administrator under HUD Secretary Jack Kemp. Fitts moved to Washington to undertake the monumental task of reforming the scandal-ridden, fraud-plagued agency.

After her stint in government, she was invited to be a Governor of the Federal Reserve Board. She declined.

Instead she founded Hamilton Securities Group, an employee-owned investment banking firm, which created an innovative system for saving taxpayers billions of dollars in the sale of government-guaranteed mortgage-loan sales from HUD.

By promoting open disclosure in the HUD financial transactions, Fitts undoubtedly, and unknowingly, must have stepped on a lot of toes.

The Crony Capitalists (or Old Boys’ Network — or the Octopus) must have seen Hamilton’s program of financial transparency as a major threat to their system of bid rigging and insider trading….”

Catherine Austin Fitts: Pope Francis – Care for Our Common Home

“…Disclosure

The world is struggling with propaganda, disinformation, and significant suppression of the truth. The new Pope’s efforts to provide digital access to works in the Vatican Library on a selective basis are a good start. In the meantime, there is a great deal of knowledge which the Church, its libraries and networks can share:

• The Church can accelerate access to both the Vatican Library and Archives.

• The Church can publish all its information regarding global “black budgets.” This would include any information related to invisible weaponry and technology driving the real governance systems operating on Planet Earth.

• In the context of understanding what is happening to our environment, the Church can publish all its information on global geo-engineering and weather control programs as part of an open discussion to ensure that the global population and scientific community has accurate data on what is happening to our climate.

• The Church can provide open access to its financial information and persuade its affiliates, endowments and churches to do the same, including detailed disclosure on a place-based basis.

• The Church can encourage global governments to publish their budgets and credit information on a place-based basis. Place-based financial disclosure will permit the alignment of financial ecosystems with environmental ecosystems – a critical step to ensuring a healthy environment. This will create incentive systems which reward the health and well-being of all living things.

• The Church can disclose all information on its direct and indirect involvement in any illegal activities, including vote rigging, narcotics trafficking, and money laundering.

• The Church can use its shareholdings and ownership positions in media companies to insist on integrity in public information.

• The Church can use its shareholdings in pharmaceutical and food companies to insist on integrity and independence of scientific research.

• The Church can provide a safe haven for scientists, journalists and other professionals who are targeted for upholding high standards of integrity in science and information.

2. Individual Freedom

Slavery contributes significantly to the degradation of people throughout our planet.

 

• The Church can withdraw from supporting governments, corporations or any other organizations that support any form of slavery.• The Church can destroy the “control files” of prominent businessmen and politicians created through the use of its networks.

• The Church can complete restoration efforts related to its pedophilia activities and publish complete figures on how much the Church has spent on all restoration efforts.

• The Church can use its shareholdings and ownership positions in government and corporate securities to insist on a withdrawal of corporate and government support for mind control, torture and slavery and the compromise of individual privacy and sovereignty..