Catherine Austin Fitts knows so much about the Black Budget she could be disappeared. The video is low quality and there is some brief audio over dubbing but the information will blow you out of the water if you didn’t already know what was going on. Very informative and I highly recommend.
Published on Jul 4, 2014 by Project Camelot
THE BLACK BUDGET
AN INTERVIEW WITH Catherine Austin Fitts, the Founder and President of Solari. She served as Managing Director and Member of the Board of Directors of the Wall Street investment bank, Dillon, Read & Co., Inc. She also served as Assistant Secretary of Housing/Federal Housing Commissioner at HUD in the first Bush Administration and was the President and Founder of Hamilton Securities Group, Inc.
solari.com
Shot at the Secret Space Program Conference, June, 2014
Kerry Cassidy
Project Camelot
http://projectcamelot.org
Thank you for posting this, Cathleen. It is long, but very compelling and well worth watching. The tying in of the finances in more specific ways than we are used to focusing on, to all that is going on in the world, is good to keep in mind and I needed a reminder. In particular, this interview keeps returning to possible solutions, so even though parts of this topic are bleak and honestly horrifying, she does give a positive take on what we as individuals can do to help shift things. If finance is not your thing, that is OK — but important to keep in mind as it shines a light on some aspects of the problem you might not be considering.
quote of the week.
“whats going on is much scarier than what Snowden has revealed”
Kerry’s interview with Catherine Austin Fitts has to be one her best:
“…the New York Fed, the Department of Treasury, the Department of Justice and the Federal Board of Governors are all engaged with the FHA in massive securities fraud. We’re talking trillions of dollars of massive securities fraud.”
“The insurance programs have a lot of the black budget fraud.”
“There is not a neighborhood in this country where you cannot find a contractor doing something for $25 to $150 per hour that someone in that neighborhood would love to do for $10 to $15 to $25 plus healthcare, and that job can be teleported in.”
“We were due diligencing the foreclosure property, and we would regularly find neighborhoods where you could buy and rehab a single-family foreclosed property in the FHA inventory where the public housing guys were spending $250,000 per unit in the same neighborhood to build or construct new public housing. So I went over to the public housing team. I took one of them out to dinner, and I said, ‘Look, we could build 4 or 5 homes for the price of one if we reallocate the money by place (place-based optimization).’ And she looked at me and she said, ‘But how would we generate fees for our friends?’ So I said, ‘Let’s create 4 homes and just give your friends a check – it would be cheaper.'”
“Now I believe one of the reasons that you can’t do that is because that disassociation is what the black budget has driven a truck through…During the bailouts when you heard numbers, $27 trillion in bailouts, I think at that time $8 trillion would have paid off all the mortgages in the country, so you’re talking about the kind of mortgage fraud and securities fraud, both probably with respect to the mortgage-backed securities, Ginnie, Fannie, Freddie and the treasury securities, so you’re talking about securities fraud with derivatives of just mind boggling amounts.”
“I spent a lot of time trying to understand the relationship between mortgage fraud and narcotics trafficking by the intelligence agencies, and one of the things I discovered is whenever you get a group of soccer moms together in a neighborhood, then they try and back the narcotics trafficking out, what they discover is Tony Soprano is running the drugs, and if you back Tony out, then the next thing you know you’ve got James Bond and black helicopters coming down on your head, and the question was Why? Then you realize, it’s a highly centralized model, and literally the black budget guys can’t have one neighborhood get out because then every neighborhood could get out.”
“The reason Congress is running around looking ridiculous – because there are a lot of talented people in Congress – is they can’t touch the black budget.”
“Lockheed Martin could deny me the basic data I needed as a legal matter to run my operation to fulfill my fiduciary obligations. Same thing happened when I was a financial advisor. When a lot of people look at the government, they see 21 covered agencies and a group of intelligency. I don’t see that. I see 5 contractors with a giant database, and every one of those agencies is a collection company.”
And this isn’t even the halfway mark. As I said, one of Kerry’s best interviews. There’s nothing like hearing the dirt from someone who’s been in the trenches. Thanks, Cathleen.
she also makes the excellent point that it is important for the people to understand what is going on, so that we can make good decisions for ourselves, for our futures. If half or more of the game is being hidden from us, it is very hard to make decisions that pan out well. One specific example she gave was on healthcare: she says we have to take charge of our own health — that clearly the healthcare system in place and being imposed, works against health. And so, if that is the only system being offered us, we need to “be our own doctors.”
She is right.