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“”There is a tide in the affairs of men, which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.” ~ William Shakespeare, Julius Caesar

By Catherine Austin Fitts

My efforts to achieve honest accounts for the federal government started in 1989 when I was Assistant Secretary of Housing – Federal Housing Commissioner. The mortgage insurance operation had experienced explosive losses and a breakdown of financial controls during the S&L crisis and Iran Contra scandals. The patterns of fraud were simply astonishing. Indeed the Secretary of the Treasury had warned me not to accept the position, saying “You can’t go to HUD. HUD is a sewer.”

My team and I drafted a reform proposal and persuaded the Secretary of Housing and Urban Development (HUD) and the Office of Management and Budget (OMB) to support legislation to create a office of Chief Financial Officer, audited financial statements and reporting of credit and liability programs on an accrual basis (with actuarial reports) for the department and its mortgage insurance and securities operations and funds – a model that OMB and Congress then introduced governmentwide.

I then helped the federal government implement these changes as president of Hamilton Securities Group – lead financial advisor and portfolio strategist to the FHA mortgage insurance operations. I did so until the honest officials and my company were forced out by phony scandals rigged by the Department of Justice and the HUD Inspector General with the help of then HUD Secretary Andrew Cuomo and other members of the Clinton administration. A decision had been made to engineer a housing bubble and to empty out government accounts.

I decided to fight – taking on the real scandal. While doing so in 2000, my team realized that billions of dollars were going missing from HUD and that the official excuses were unmistakably false. It became clear that honest people were forced out in order to shift trillions of dollars in assets out of government accounts and to flood the mortgage market with fraudulent mortgage paper. As the president of CalPers, the largest pension fund in the United States, had warned me in April of 1997, “They have given up on the country – they are moving all the money out starting in the fall.”

Starting Solari, our team worked with a series of reporters to help investigate and warn global investors and US citizens that government coffers were being emptied and that the housing bubble was threatening the financial health of millions of investors and citizens around the world. We called it the “financial coup d’état”.

The missing money story is not really just about money. It is about who rules. Who gets to decide? Who gets to decide whether your pension is funded? Who gets to decide if you can find a job? Who gets to decide if your mortgage is foreclosed? Who gets to decide if you must go into debt to get an education? Who decides if you live a long life or a short one?

I once had an acquaintance who told me that she had no interest in the missing money. She said that peace was her issue and that she was not interested in missing money – that was my issue.

I tried to explain that the missing money really was her issue. If a few people could print as much money as they want and steal as much money as they want then they could choose between war or peace. Historically, they have chosen war. If we want to stop war, we must cut off funding to the people who engineer wars. We must create a system where an open and transparent process determines who rules.

Crime that pays is crime that stays. Now the financial coup d’état” is blossoming into a legal coup d’état” a fundamental reengineering of our governance model – with the development of FASAB Statement 56 and the secret operations it helps to fund. This process will not be privatization. This process will be massive corporate welfare and “PIRATE-ization.

These obscure accounting policies will allow your funds to purchase Treasury securities (or allow the purchases of your pension fund, your bank and your insurance company) to be be used to pay mercenary armies to seize your property and turn it over to private investors and corporations.

If your pension funds buy Treasuries with your savings, those savings may simply disappear out the back door into private hands, and your pension fund will get an IOU backed by – guess who? – yourself. What stands behind the bond of a sovereign government that has lost its information and financial sovereignty and its assets? You do. If you are a US citizen, you are exchanging an asset for a liability.

You might say – “well I live in Europe or Asia, why should I care?” You should care because the credit of your investments – your pension fund, your sovereign wealth fund, and your banks and insurance companies- is being debased as well. In addition, your national security umbrella is probably also threatened.

All of us – no matter on which continent we reside – are shut out from the secrets of those who rule the world. We are funding a rich flow of tax dollars and investments that finance private investors’ secret ownership and control of the most powerful technologies in the world to build a breakaway civilization. We provide the financing, but we get no say in what happens and we get “left behind.”

Why are we funding a fascist takeover of our government, our economy and our culture? One reason is that we cannot see our personal, intimate role in the coup clearly. Another is that we do not understand the growing risks of investing in securities financing this machinery. We have always considered them safe. However, something has changed. Are they still safe?

No matter where you live, the fraudulent nature of the US federal accounts has increasingly impacted your life and finances. It will have an explosive impact in your future, as the compounding of the US debt and interest expense grows.

The time has come to understand the real game of missing money. Circumstances have put you on the game board in 2019. Whatever you think now, this issue of missing money will decide every other issue – including the ones you care about most.

Will it be Mr. Global who decides? Or has the time come to bring transparency and to stop funding Mr. Global’s secret sauce?

Join me next Thursday for the theme of the 2018 Annual Wrap Up – The Real Game of Missing Money.

In Money & Markets this week I will discuss the latest in financial and geopolitical news. E-mail your questions to Ask Catherine or post them at the Money & Markets commentary here.

In Let’s Go to the Movies, I will review All the Queen’s Horses. The documentary tells the story of the city comptroller of Dixon, IL (pop. 15,733) — Rita Crundwell, who stole $53 million from public funds ($3,369 per Dixon resident) over 20 years–making her the perpetrator of the largest public case of municipal fraud in American history. For 20 years, the town mayor, CPA and bank claim they did not notice. Does that sound like other politicians, accountants and bankers we know?

Talk to you Thursday!

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22 Comments

  1. Hello Catherine

    I recently watched Rob Kirby’s interview with Greg Hunter
    https://www.youtube.com/watch?v=Jp3oOscPrE8

    Mr Kirby gives extensive credit to you and Dr Skidmore for “discovering” and widely making known the missing $21 trillion.

    From what I understand, Mr Kirby’s basic premise is that the missing money has been created and that it will cause inflation.

    Eric de Carbonnel has talked about Superdollars and the danger they pose for hyperinflation if they should ever make their way to the US mainland and enter the domestic economy. http://www.marketskeptics.com/2011/06/the-esf-and-its-history.html

    My understanding, however, is that the missing 21 trillion have not been and will not be created. They were money that was already in existence and on the books somewhere before they got “shifted”. Therefore one can’t really talk about them being created as new money which will cause inflation.

    Or do I have it all wrong? Can you please clarify this apparent discrepancy for me?
    Thanks.

  2. She’s a piker compared to the Banksters and the Swineherds in Congress who sell access to the trough. $21 Trillion and no seems interested in the Fake News Industry to even cover the story? The Republic is dead, “Long live the empire”, say the traitors in DC.

    1. True – the more I study control of the federal credit, the more I am focused on how they corruption at the intimate and community level is part of making the big stuff go. Like a pyramid the swamp feeds in 3100 counties – 1 county at a time.

  3. when will the 2018 wrap up dealing with the missing money print edition be sent?
    Thanks

    1. It will head to the graphics master by next week and then should be at the printers 1-2 weeks after that – shooting for the end of April. Appreciate your delays. The challenges to date reflect the sensitivity of the topic.

  4. Hi Catherine,
    I went to the FASAB.gov and downloaded what I think is FASAB 56 you speak of in this wrap up. It is called “Statement of Federal Financial Accounting Standards 56 – Classified Activities”.
    Dated 10/04/18
    Did I get the correct report? I am pretty sure it is after previewing it. Just wanted to make sure before I dive into a government document that will probably put me asleep LOL!
    Thank You!
    Saundra McInnis

  5. GREAT wrap-up, Catherine! I was a great fan of Glenn Back, when he was on Fox News, There is a rumor that his family was threatened by the Soros group for his talking about the old man. Glenn quickly left for Texas behind a large gated estate owned by a pro-ball player. I liked his own show up until he began to interview people who were a big bore. Many of the wonderful and bright people that he employed left, due to his jealousy and control. His subscribers dwindled, and he has played catch up ever since. If he is turning around;I will start listening to him again but I do not want to hear from atheists that he admires; and people who will not say anything of controversy.

  7. Catherine, incredible wrap up – lots of great information as always.

    I was very happy (and hopeful) to learn that you might be coming to Portland, OR sometime in the future. I would love to attend a Solari event and meet more subscribers in the Northwest area.

    If you could make it work with your busy schedule I highly recommend that you try and take in a concert by Cappella Romana they are a real treasure and I have made attending their concerts a big focus in “taking back the culture”.

    Here’s a taste:

    https://www.youtube.com/watch?v=yiv-uW370Iw

    https://cappellaromana.org/concerts/

    Thanks for all of your work.

    1. Hi there, Steven,

      I live down in Eugene and would love to come up to Portland to meet Catherine. Let’s encourage Catherine to come for a visit. I’m a great fan of Capella Romana—I know of them through The Ensemble.

  8. Catherine, I couldn’t agree with you more about the connection between peace and money. At its root, The Shanghai Cooperation Organization countries’ (China, Russia, India, Iran and friends) objective of de-dollarizing the global economy as far as possible is to deprive the USA of the means to wage war.

  9. Isn’t the best way to hide the missing money to crash the Dow into 1929? Everyone will stop wondering “Where’d all the money go?” when all the money’s gone!

    1. Doubtful. They will start looking for money and someone to blame. Would go the other way.

  10. Catherine. Do you have any information on Regiment Capital and Harvard Endowment once headed by Tim Peterson? I’m curious he’s a collector of Western Art and involved locally in a museum. The more you mention Harvard I get more suspicious and connect the dots especially when in my state a few in politics have greduated from Harvard.

    1. No, but always worth digging to see how the Harvard Corporations/Management syndicate, network, deals flow around you.

  11. Wow… what a wild little documentary!

    Clearly, their estimate of embezzlement being north of 3 Trillion a year doesn’t include America’s “asset conversion as policy” issues with laundered and stolen funds which are funneled into undocumented expenditures, ala the found Fitts/Skidmore 21 Trillion dollars.

    With the power of computing and A.I., no wonder Mr. Global and his Deep State managers needs to get control of all the levers of transparency. Technology could now track and uncover the entirety of the electronic cash-flows.

    The other side of the Dixon IL coin’s lesson… is the immense power in small-ish community, when everyone is working together. Now, more than ever… it appears the only meaningful leverage point for the average citizen and household is in their community and it’s interacting relationships.

    Dixon looks like a beautiful small town… excepting it is in Illinois, which is teetering on the edge of disaster.

    1. Just sent these to Dr. Skidmore and Dr. Bingham

      Mark:

      Here is an inital list for local communities. Am ccing Debbie Landers who is an awesome pastor of a church in Hohenwald (and head of the home schooling organization TANF and a sponsor of the Financial Permacultuture conference and the founder of a local restaurant and community market among many other accomplishments) who is leading a community prayer effort of lots of churches in the area.

      PRAYER

      https://www.amazon.com/Transformation-Marketplace-Ed-Silvoso/dp/B000OU9RUU/ref=sr_1_1?keywords=ed+silvoso&qid=1548092034&s=Movies+%26+TV&sr=1-1-catcorr

      https://www.amazon.com/Transformations-Documentary-n/dp/1930612087/ref=sr_1_3?keywords=transformations&qid=1548092055&s=Movies+%26+TV&sr=1-3

      https://www.amazon.com/Transformations-II-Glory-Spreads-n/dp/193061215X/ref=sr_1_2?keywords=transformations&qid=1548092055&s=Movies+%26+TV&sr=1-2

      COMMUNITY ORGANIZING

      https://en.wikipedia.org/wiki/Participatory_budgeting

      Crash courses in encryption and code systems at local schools and tech centers

      Replace all corporate contracts with local efforts by small business where feasible – organize and train if necessary

      Replace all large banks with local banks where possible

      Switch school and other institutional purchases to local farmers where possible

      FOOD
      Gardens:

      https://www.ted.com/talks/pam_warhurst_how_we_can_eat_our_landscapes

      https://en.wikipedia.org/wiki/Victory_garden

      Amid regular rationing of food in Britain, the United States Department of Agriculture encouraged the planting of victory gardens during the course of World War II. Around one third of the vegetables produced by the United States came from victory gardens.[12] It was emphasized to American home front urbanites and suburbanites that the produce from their gardens would help to lower the price of vegetables needed by the US War Department to feed the troops, thus saving money that could be spent elsewhere on the military: “Our food is fighting,” one US poster read.[13] By May 1943, there were 18 million victory gardens in the United States – 12 million in cities and 6 million on farms.[14]

      Foodbanks

      https://holidaygreetings.solari.com/2010-holiday-greetings/

      Organic farming

      https://www.amazon.com/Power-Community-Cuba-Survived-Peak/dp/0910420327/ref=sr_1_1/132-2692522-9242768?ie=UTF8&qid=1548091628&sr=8-1&keywords=community+solutions+cuba

      WATER

      Cancel fluoride – big savings

      Test for what else needs to be done

      ENERGY

      http://www.spiegel.de/international/germany/a-power-grid-of-their-own-german-village-becomes-model-for-renewable-energy-a-820369.html

      HEALTH

      Massive education in local cost effective natural health alternatives to help build immune system strength and detox

      Debrief local nurse practioners and alternative health practitioners about what would be investment of time and resources

      ENTERTAINMENT

      Local weekly documentaries and movie showings combined with pot luck dinners and discussion of what does this mean to us? Do a survey discussion on who and what most contributes to a rising or falling Popsicle Index

      Throw way TVs and leave smart phones in car.

      SAFETY

      Get Local Sheriff to local pot luck dinner above and talk about steps to support the Sheriff and police teams raising the Popsicle Index

      Smaller group discuss how to deal with covert operations and fed jurisdiction issues

      Smaller group address how to protect people from control file blackmail and create priva

    1. One of the times that the missing money story started to go viral, Becks staff called me to book me for both a video interview for his TV show and an audio interview for his radio show. Immediately before I was to leave for the studio, everything was cancelled. Stone quiet. The story was suppressed – again. Same thing happened several years before that with Michael Moore. So I don’t usually track Becks material as he is going to sit on the things I most need to know. Appreciate your letting me know.

      PS Love the blackboard!

  13. I am listening to George Webb who has some serious research on dark weapons and drug trade. Is there anyway to get more information on HuD and Navy financials specifically? A lot of his focus has been on not just nuclear material but the technology involved in the ecosystem from refinement to small motors for Navy or Satellites.

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