THE BLACK BUDGET
(see below for partial transcript)
(This is the corrected version of the video) - 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.
See Catherine's website: solari.com
Shot at the Secret Space Program Conference, June, 2014
PARTIAL TRANSCRIPT - COURTESY OF CAMELOT VIEWER
Project Camelot Interview with Catherine Austin Fitts – June 2014
Founder and President of Solari
Served as Managing Director and member of the Board of Directors of the Wall Street investment bank, Dillon, Read & Co. Inc.
Served as Asst. Secretary of Housing/Federal Housing Commissioner at HUD in the first Bush Admin.
President and founder of Hamilton Securities Group, Inc.
She ran into conflict with the government over developing software to show the transparency of federal government spending on a neighborhood by neighborhood bases. 'Black budget' supporters were against transparency.
She's a specialist on financial fraud, but not the Secret Space Program.
She was interviewed by Kerry Cassidy of Project Camelot at the June 2014 Conference on the Secret Space Program.
Fitts: I've seen lots of Project Camelot interviews. I like the one with Norm Bergrun.
Kerry: It's one of the most important interviews we've done. He's now disappeared.
She begins the interview with a story about a mortgage banker who brought her a copy of his database of all FHA mortgages since the program started (in the 1930s). He said that he had just looked at the financial statement that HUD had published and that there is a serious problem because the government says that in the mortgage funds,there is US$400 billion of outstanding mortgage insurance, but actually it is many multiples of that.
Fitts thought he was nuts because if it were the case, then the NY Fed, the Dept. of the Treasury, the Dept. of Justice and the Federal Board of Governors are all engaged with the FHA in massive securities fraud – trillions of dollars.
She refused the database and passed the guy off as nuts.
Then after she had left the government and got into litigation with them over their stealing her software (she won the case), she started to go back over all her experiences and discovered that the guy was right. So she asked herself “How could that happen and me not know?” She concluded that that was why they wanted to use Promis software – to allow them to get all government departments to participate in the 'fraud' without knowing and expand it (with derivatives and highly sophisticated methods).
Kerry: How did your software figure in to Promis software?
Fitts: All of this fraud can happen because the financial system within a place is disassociated from that place.
Here's an example:
If you asked for a list of foreclosed properties in a certain congressional district, you might get a list that shows ten properties in a place, but when you physically go there, it's a vacant lot.
Now, there is no reason you couldn't have a financial statement for your congressional district to hold your congressman responsible for the financial management of the government.
The reason you don't get this is because you're given a financial disclosure that is completely disassociated for what you walk around in and see everyday.
When I was Asst. Sec., I ordered Place-Space Financial Statement (sp ?) be made and suddenly I'm out and the project is canceled.
So I said, fine, I'll do it privately because most of the data that goes into the accounts is suppose to be public. So I said that we'll collect up all the data and now that we have GIS software, we can create this wonderful thing we could put up on the web. We wanted to align the financial system with people and the environment.
Then all kinds of crazy things started to happen. I had a very successful partner from Wall Street who flew down in 1996. He began to yell about how corrupt the government was and I said, look, it's not hopeless at all. I said, “Where do you live?” and he said “Bronxville, NY” (a suburb of NYC about 15 miles from Manhattan), so we pulled up all the data on Bronxville. I started to go through it and the first item was US$4 million for flood insurance and Luiz starts screaming in Spanish and I ask him what the problem is. He says that Bronxville is on a hill and there are no floods in Bronxville. The insurance programs have a lot of the Black Budget fraud.
We were due diligencing the foreclosure properties and we'd regularly find neighborhoods where you could buy and rehab single family property in the FHA inventory when the public housing guys were spending US$250,000/unit in the same neighborhood to build or construct new public housing.
So I went over to the public housing team and took one of them out to dinner. I said, “We could build 4 or 5 homes for the price of one if we just reallocate the money by place – place-based optimization.”
And she said, “But how would we generate fees for our friends?”
During the bailouts we heard figures like US$27 trillion of bailouts. Well I think at that time US$8 trillion would have paid off all the mortgages in the country.
I've tried to understand the relationship between mortgage fraud and narcotics trafficking and narcotics trafficking by the intelligence agencies. I've found that the Black Budget is such at they cannot let 'one neighborhood' get transparent because then all neighborhoods could get transparent.
We need to re-engineer our economy and it has to be done on a place-based basis.
The reason Congress is running around looking ridiculous is because they can't touch the Black Budget.
“Coming clean over the fiscal cliff” - read the article. (Downloaded – see Solari under Aliens)
Kerry: We're now living on a planet with a parasite – a rogue civilization that we all work for that may be living with technology many years in advance of the rest of us. (Reference to Richard Dolan's research.)
Promis was software created by Islaw and stolen by the government. Promis allowed the user to draw from a lot of different databases. It could create a relational database from legacy systems. I talked to Bill Hamilton (founder of Islaw) and he asked me if I had read 'Black Money' by Michael Thomas. He said 'Read it and call me back.' Then he hung up.
So Promis allowed the government to move into anyone else's database systems (by putting trapdoors into the systems) – police, law firms, banks, etc.
When they combined with with AI, they could create extraordinary control file systems and ultimately created the relational database marketing system and insider trading system to manage the economy which is extraordinary and many people don't understand.
They transferred the church confessional into the telecommunication system. (Everyone's lives are now in the database and immediately searchable.)
If someone looses their job, the next day people may be at their door – maybe drug dealers or loan sharks. How did they know?
When I was Asst. Secretary and then became a lead financial adviser to HUD, at that time, a lot of the information systems and payment systems were under the lead contractor – Lockheed Martin. They got about US$150 million a year just to run the core systems. When I tried to get data from the system (Lockheed Martin), I couldn't get it. I was the Assistant Secretary of Housing and I couldn't get the data from Lockheed. They could deny me the basic data I needed as a legal matter to run my operation and do my fiduciary responsibilities. The same thing happened when I was a financial adviser.
When a lot of people look at the government, they see 21 covered agencies and a group of intelligence agencies. I don't see that. I see 5 contractors with a giant database and everyone of those agencies is a collection cup.
Now when you go to the government, the government officials are not in charge.
You have a government that doesn't have information sovereignty and it doesn't have financial sovereignty.
It's all being run by a small number of . . . You've read Edwin Black on the Nazi and the Holocaust and how IBM built the database that allowed the Nazis to conduct the Holocaust?
IBM has the contract to run the Census.
Kerry: Yeah, the Nazis are back in power.
Fitts: What's going on is much scarier than what Snowden has revealed.
Kerry: What happened with your software because I have a feeling, and I don't know if you would agree with me, that you were targeted because of your software?
Fitts: I think we were targeted for several reasons, but one was the software. We were publishing maps that showed literally where the defaulted HUD mortgages were in the foreclosures. And they were very contiguous . . . we published one map of south-central Los Angeles and what you could see was that the mortgage fraud was directly related to the Dark Alliance. . and Gary Webb (investigative reporter for the San Jose Mercury News murdered at age 49) had just published his article (on the Dark Alliance series of articles on the connect of the CIA-backed Contras to the Nicaraguans and the smuggling of cocaine into the U.S.) and that was all happening . . . I didn't realize it . . .'cuz I was being hit with subpoenas, but we were publishing these pictures of the mortgage fraud but I didn't know anything about the narcotics trafficking. So I would look at the map and didn't realize that these things were telling things nobody wanted told.
And that was during the time of the CIA Memorandum of Understanding. (This was a 1982 agreement between the CIA and the Dept. of Justice, in which the DOJ agreed that CIA employees and related people could not be reported for drug trafficking. It allowed the CIA to be involved in drug trafficking to support the Contras in Nicaragua, but it also allowed the CIA to use drug trafficking to 'raise unreported money'. South-central LA was a key territory for this as described by Gary Webb.)
This was in 1996. They came in to get control of our digital infrastructure. They kept coming and they weren't satisfied until they seized the offices. While they were in the offices, they tried to falsify information. Luckily we caught them, but then they put everything under a digital record court control – even my personal address book. We had to start from scratch.
It took me 6 years to get those files out of the special master.
In the meantime, they hired as their contractor to help them manage (the files), the No. 1 contractor to the U.S. Government on GIS software.
It took 6 and a half years and millions of dollars to get them back. When I got them back, the most valuable pieces were gone – forever.
Kerry: Did they steal the software or did you get it back?
Fitts: The software was in many different pieces so there were some pieces that were gone. I tried to make what was left available to open-source programmers to see what they could do with it and they were scared to death. They didn't want to have anything to do with it.
It's taken many years for people to believe about the extent of the mortgage fraud because it was so extraordinary. One of the reasons we wanted to do this conference is so that people could understand how this hidden system of finance – it grew like the fire under the ground and then during 2006 to 2012 it exploded.
I used to say that 911 was how they got the Black Budget onto On Budget. If you look at how they changed the financial mechanisms and what happened on 911. . .
Kerry: So the bottom line is that they took your software and this was one of the ways that they were able to shut you down.
Fitts: Right. The most important thing was that it made it feasible to dramatically increase the amount of mortgage fraud because they implemented the MERS system. (MERS was the Mortgage Electronic Reporting System, set up by 'a few major banks', that bypassed county recorder of deeds offices and allowed mortgages to be registered in a central database. The problem was, mortgages were added by the thousands as securities in trusts that were sold in CDOs – collateralized debt obligations – to investors around the world. Investors could sell their 'slice' to any other investor – but these transactions were never recorded in MERS, so actually no one really knew who really owned certain mortgages. MERS would just show a trust as the owner.) By implementing the MERS system and shutting down Community Wizard, it meant that they could issue many more mortgages than there were homes.
I'll give you an example:
In 1994, my company was the lead financial adviser for the Federal Housing Administration (FHA). I'd seen the FHA internal plans on increasing the number mortgage originations they were going to do in poor neighborhoods. Several months later, the same office came out with an announcement with where they had reached an agreement with Freddie (Mae) and Fannie (Mae) about how many mortgages they were going to originate in the same neighborhoods.
And I looked at the numbers and I realized that's more homes . . . You know they were planning on originating more mortgages between Freddie, Fannie and FHA than there were homes.
And I said to a very high level official, I said, 'Wait a minute. There is something very wrong here. People are going to have to refinance their mortgages twice from prison a year to make these numbers.”
And she turned to me and she said, “Shut up! This is none of your business!”
Now this is 1994-95 – that time frame. Because if you look at the housing bubble, it took thousands of changes in laws and regulations at the FHA, at HUD, at the Dept. of the Treasury, at the Dept. of Justice, at Freddie, at Fannie – the nuts and bolts of engineering the housing bubble took a lot of work.
So this was coming for the highest levels of the financial system – I mean government. This was a bubble engineered intentionally by government.
They knew it was going to be fraudulent.
Kerry: Okay. But what's interesting about that is that so we have at a certain level of government knowledge, but the question is did they know why they were doing what they were doing? Maybe they knew payoffs were going certain places and they were suppose to allocate those payoffs, but did they really know the depth to which – or do they even know today – of what they are really a part of?
Fitts: I think the knowledge is very dispersed. I think what a lot of people thought is that we are going to pull as much capital as we can from the developed world and shift it and invest it in the emerging markets. WTO had just been passed. The Uruguay round of GATT had just been passed.
If I was going to tell you to watch one video to understand the economy today, besides what's going on covertly, watch Sir James Goldsmith in 1994 come to the United States and go on Charlie Rose and basically say, 'This is financial insanity. We're going to destroy our society by globalizing labor and competing labor in countries where people make a US$1.00 a day against the developed world. You're gonna bankrupt, you're going to destroy the middle class in the developed world.”
So this was all understood and known.
This was what's called the rebalancing of the global economy and I think a lot of people thought 'we're pulling money out and we're shifting it abroad'. I think the understanding of the extent of the fraud, or of the general model, a lot of people were on a 'need to know' basis and didn't see the big picture.
Kerry: Well, along those lines, did you ever talk to Karen Hudes about what was going on with the IMF? (Karen Hudes is a former Senior Counsel for the World Bank, then whistleblower, who warned Congress in 2007 that the U.S. ran the risk of losing its privilege of appointing the president of the World Bank if he continued to break the rules. The Board of Governors, consisting of 188 member countries, voted to do exactly that effective April 2010, but it was never reported in the U.S. media.)
Fitts: No. Somebody first asked me to watch her descriptions when she first started to talk and frankly I didn't find her information either compelling or useful. For someone being at the World Bank for that long . . . If you look at what she was describing as a whistleblower, it was minor stuff that I considered irrelevant.
Kerry: But it does relate to a system that . . .Have you read the 'Economic Hit Man' and all that? ('Confessions of an Economic Hit Man' by John Perkins, was a book written by a former officer who worked for the World Bank and maybe IMF and describes how his responsibility was to 'trap' developing countries in debt that they owed to developed countries for leverage over UN votes and access to markets and resources.)
Fitts: Yes. I wrote an article . . . I was very uncomfortable with that material. I think it was very useful because Greg Palestine and Anne Williamson had done some extraordinary reporting on the kind of financial transactions and fraud that the 'Economic Hit Man' described. But the juice in that book was he was saying 'Well, I was doing it” . . . do you know what I mean? So for a lot of people that made it more juicy, but if you look at that first book, he stops short and says “Oh, that was a giant accident and people really didn't know what was gong on.” Which is completely (untrue). This was being run top down. The people in charge know exactly what they are doing.
So it was kind of like a modified hang out and I found it very offensive – particularly because you had great reporters doing great reporting that wasn't modified. What I discovered was, because he'd been doing it personally it was very useful to a lot of people. They could relate to the intimate story of someone actually doing the fraud.
Kerry: And there was kind of this spy in the fold going on with it. Okay, so you understood that that was going on. Did you understand it when you were back in the Housing (HUD) office?
Fitts: You know something? I never believed that the fraud could be anywhere as bad as it was without me knowing about it. And you also had a certain sense of we're struggling to choose between options that are all bad options. So I certainly had a sense of the covert economy. It's interesting that the Bushies, the first Bush administration . . . there was great effort to kind of keep the covert and the overt separate – separate worlds and a lot of attention was being paid to making it look . . . you know the appearance, and you know you had to be careful.
It was funny because the Clintons had lived in a small state, which was much more intimate and it was during the Clinton period . . . part of it was that people were just getting more and more tired of the pretense. You just blew through a lot of the financial controls and every administration just started to get more and more out of control. And I think part of it was you literally had this hidden financial system overwhelm and overtake the overt system at some point. It was a tendency.
Kerry: So you kind of road that wave in a sense.
Fitts: I wasn't that interested in the fraud. I was like how could we use the new technology to build enough of a learning metabolism economically and realign things so . . . Here's the problem . . . The problem with what's happening in the economy is you are destroying wealth. You're centralizing wealth. So you're building these huge pools of capital but you're destroying wealth.
So what I was interested in was how do we realign so that we can create so much more wealth that we have enough wealth to extraordinary space program, travel the galaxy – all these different things – but have a healthy life here on earth.
So what I was looking at was where was the jump the curve opportunity to really realign and create wealth. And I couldn't understand why is genocide so attractive?
I found a guy who'd been doing the financial fraud for the Office of Naval Intelligence at one point and I said to him, “Harry, you are so clever, I could teach you how to make more money honestly.”
And he looked at me like I'd just punched him in the stomach. And he looked at me and said, “I would never make money honestly.” It's like real men do fraud. It's sissies do honest investments. That's sissies stuff.
Kerry: Yeah, it's kind of like a Mafia don . . . mano a mano we do this. You have also come out recently about the link to black projects much more overtly than you used to and you're also linking it to UFOs. And one of the statements . . . I watched a video in which you're talking about the amount of technology in the skies has to come from somewhere and it's basically how can it be produced on earth – all that hardware as you called it? And I thought that was a great kind of no-brainer kind of statement that people had been overlooking – people that want to be in denial about this.
Fitts: I'm a person who prices everything out. So if you show me a documentary of lots of different video shots of UFOs, my mind is automatically thinking of 'Okay, how much did it take to build that?' “How much does it take to run that?' 'What kind of crew does it need?' I'm doing the budget for that thing.
A lot of the reason I stayed away from this topic was that I knew nothing about it and intermittently I go and try to read and I'd just tear my hair out. I'd just 'I can't make any sense of it. Just can't figure it out.'
And I had no personal experience. It took many years. And then I found Richard Dolan's book and I found Joseph Farrell's book.
Joseph and Richard and some of the Project Camelot interviews, like the one you were talking about, . . . So I started to find a group of people who I thought were very grounded – the research was very solid. And they could make enough sense out of it to me so as a financial person I could relate. And so I started to sort of collaborate with them and I don't try and learn that area, but what I do is I try to help them understand the financial stuff. See they are on this side of the balance sheet and I'm on this side of the balance sheet and I'm saying 'Oh, this fits here and this fits here. . . '
So it wasn't until I could find enough people and get it enough distilled so that it could snap on like a puzzle.
Kerry: Yes, so you pierced the veil. You started going through following the money so to speak all the way.
Fitts: Well, here's what happened. I believed that what happened between '92 . . . I mean for many years we've had this hidden system of finance. We went through a period were the literally hidden system of finance overwhelmed the overt financial system. That's what the bailouts and the financial crisis were. And I feel now that we've gone through what I call a financial coup d'etat – a change of control.
And so now we're in a very different world system than we've ever been before.
We engineered the bailouts and then the Federal Reserve continued with quantitative easing. I believe (they've) had a shredding party because they're buying up a huge amount of fraudulent paper and essentially shredding it while it's on their balance sheet. So I think between the bailouts and the quantitative easing we both cleaned up a lot of the fraud, paid a lot of people and things off . . . Think of it this way. It's like a leverage buyout except that instead of you're buying out a company, you're buying out the planet.
So you issue US$40 trillion of fraudulent paper, then you use that to get control of the financial mechanism. Then once you've got control of the financial mechanism, you have the bailouts and you use that to shred and cover up the paper. And then you wait for the statute of limitations to be over and then you're out the other side. The coup d'etat is over.
And you got your cash when you issued the phony baloney paper. It looks like they probably got more cash.
I'm greatly over simplifying, but essentially . . .
Kerry: Okay, what about the idea that some of the money, the bailout money, went to England. You've heard that right?
Fitts: Well, here's the big question about where did the money go. And usually in a situation like this it's not just one place. So let me give you my number for the financial coup d'etat – was about US$40 trillion that went some place. Now I think that some of it went into the emerging markets to balance the global economy. So you pull capital out of the mature economy and you reinvest it in the high-growth economy.
So some of it was rebalancing the global economy. But there was enough money left over to basically create a private endowment that could produce dividends and interest sufficient to run a world government without taxpayers.
So you notice that we go into a budget sequestration and they're talking about cutting the defense budget but Lockheed Martin's stock keeps going up. Why is that?
So I think these guys saw what was coming and they said, 'Look, we can spend this money on nursing homes, or we can take it out now – pull it out of the retirement funds, pull it out of . . . you know. And create enough of a financial juggernaut that we can continue to run whatever we want to run on a private endowment basis. So that's another possibility.
I think the black budget projects need, as Joseph was talking about, secret money. So it's not just the money that's getting caught out from other agencies and the technical black budget, but it's the secret sources of financing. So I think a huge amount of money has gone there.
Kerry: Well what about the . . . are you aware of what they call the trading programs, where the minimum investment is something like, I don't know, a US$100,000 a million? . . . I don't really know.
Fitts: I've bumped into them and avoided them.
Kerry: You have.
Kerry: But when you say you've bumped into them and avoided them, why are you saying that. I mean because a person like you would seem to be . . . Did you ever read the White Hat Reports, for example?
Kerry: There's a group called tdarkcabal.blogspot and they writing reports about . . . They started to get into where the black money went . . . where the black money project came from. And one of the big things is suppose to be the trading programs. And so I wonder . . .
Fitts: Here's the problem. When you get into that stuff, you get into a world which is so . . . there's so many ways to get burnt and there's so much fraud going on, it's almost as though I'm a person who enjoys an enormous amount of protection. You know, I don't want to go down that road because I'd lose my protection.
Kerry: Okay. Well, what about the Golden Lily? I don't know if you heard the whole thing. So when it starts to go Golden Lilly, this is actually trading program money . . . sort of is wrapped in there. You know, Indonesian government trying to bring these bonds . . . you know and the whole Neil Keenan thing.
Fitts: Here's what I've tried to do. I'm a great believer that I'm interested in building an economy that builds real wealth. And a lot of the trading programs are ways of skimming from the system through a debasement process. And it's a whole kind of draining wealth that I just don't want to be involved in. It's just a . . . You know whether it's spiritually or financially . . .
Kerry: But you know it's going on.
Fitts: I suspect it's going on. I don't know of a way to get reliable information. I know of a way to get tons of information, but I don't know of a way to get any reliable information on it.
Kerry: Okay. So in terms of your situation, though. Because maybe you're entering a land that you . . . you don't know the boundaries of that land. You may sense them when you're in more dangerous territory than others, but let's just say that you don't know the lay of the land. You don't know the perimeter or when you're on the edge of that.
Kerry: Because it is . . . Let's face it. Most of us top-siders, so to speak, don't know that. Okay.
Fitts: Right. Right.
Kerry: But you've skirted onto the edges every once and a while that was like when John, from the Arlington Institute, offered you the luncheon where you might meet some people, right?
Kerry: That was one of those opportunities to see that . . . to go to the edge. Right?
Kerry: Do you think that was a way to take you off line?
Fitts: I don't know if that was a legitimate . . .
Kerry: Oh, you don't know if that was a legitimate offer.
Fitts: Right. I don't know if that was a legitimate offer.
Kerry: Okay, fair enough. But at this moment, because you are putting two and two together you would acknowledge (unintelligible) their craft up there, right? And they come from somewhere.
Kerry: Maybe there are underground bases and no such thing as E.T.s in that land.
Kerry: And you can see that there's a budget.
Fitts: Here's what I'm saying. I have subscribers and I have clients. This is relevant to their financial life. In other words, their financial life is in jeopardy and at risk because of this. And I want to make sure they're as safe as they can be and as well as they can navigate . . . that they have the information and knowledge they need to navigate, but they need to know that this stuff is going on and could impact their choices in life whether it's health, where they go to school, what they do with their time, what jobs they get. Before they decide they want to go to work for a defense contractor, they better know they could go down this rabbit hole.
So I want them to have an understanding of the opportunities and risks. So for me this is an ethical issue. I have . . . it is a material omission for me to pretend that this stuff is not happening. Now, I don't begin to understand it. But I do know that we know enough . . . you know if you read Richard's or Joseph's latest books, we have very credible, serious intellectuals who've done the research, who've aggregated the information. They can read it. They can connect it to their day to day life. And they can start to make wiser choices.
I spend a lot of time with people helping them clean themselves up from financial fraud or health fraud or other things that have really hurt them financially or physically, because they didn't know. If they knew, they could have navigated more successfully. They could have . . . no-no, stay away from that.
So I want to make sure that the people I'm responsible for have better maps, because I want to make sure that they choose what they want . . . they have the map they need to achieve their purpose in life, instead of like . . . it's like bumper cars out there. They're getting into bumper cars and smashing into each other and making all kinds of choices that waste their time, waste their money, put them in debt because they didn't know.
Kerry: Right. Well, even this housing thing linked up with the drugs, linked up with the secret government that are using those drugs to funnel into the black projects, etc. They're not going to allow someone to set up a database that tracks all that on the surface, right?
Kerry: And that's in essence your link. So you didn't know you had a link, but now you have a link – a through line, so to speak. And by the same token, they don't know that the aerospace industry is not going downhill. No matter what they say about money not being available, these contractors are going to be there FOREVER.
Fitts: The last time I sort of got into this . . . for many years I've been a part of many financial groups that said the economy is going to collapse and I said, 'No, it's not. It's going to slow burn.” And this goes on and on and on and I have many of them who are friends and we're close and they go on the radio and say, 'The economy is going to collapse,' and I say 'No, it's not. It's going to slow burn.'
And the reason . . . the difference between us is because I understand who they (secret government) use the information technology. I understand black projects. I understand you know . . . It's this understanding that is behind me saying 'slow burn', so finally we got into last year and we just had shrieking from these whole groups, 'The economy is going to collapse.' And I said, 'No, it's not going to collapse.'
These guys have just stolen US$40 trillion. They are sitting pretty. And if you go to the parts of the country where they are reinvesting, the economy is booming.
Kerry: Like here, hello. (The Secret Space Program Conference 2014 was held June 28-29 in San Mateo, CA.)
Fitts: I finally said that I had to find a way, because I was really getting concerned, Kerry. I would have people come to me who had made really terrible choices because they believed these guys. And they're absolutely thinking the end of the world is coming and I said, 'No!'
So we do an annual wrap up every year on the Solari Reports. So for the annual wrap up, I spent a lot of time with Joseph. You know, I would stop and talk with him and we kind of figured it out. We got this picture of, you know, okay. They've shifted the money out and here's . . . this is growing and this is dying . . . so there's a transition going on. We called it the Breakaway. The Breakaway.
And so I did a big wrap up where I described the Breakaway and for the point of view of here are parts of the economy that are growing and here are the parts that are dying. And a lot of it is organized around the smartphones, believe it or not.
Smartphones are very important in order to understand what's going on.
It was amazing because I then went out to a conference after I prepared a lot of the information and I walked into this room and you had 400 presentations from people about the global financial system saying it's going to collapse. And then I got up there and said, “I don't think so.'
And in the first part of the presentation I mentioned the black budget. I wish you'd been there because at the end, the first question a woman stood up and she said 'I'm one of your subscribers and, you're not going to want to hear this, but I don't think anyone in this room has ever heard of the black budget or knows what it is. So could you explain what the black budget is?'
I said that oh, this is really scary. You know because . . . so you have all of these people sitting around making financial choices without the kind of map they need to make wise financial choices.
Fitts: So this is bigger because once the financial coup was over, the train left the station. The Breakaway Civilization is proceeding.
Fitts: They are proceeding at lightning speed and we're all sitting around . . . you know. And what we don't understand is 'we're being collapsed', but the economy is not being collapsed.
Kerry: Yes. Their deal is actually running on steroids at the moment.
Fitts: It's stronger than its ever been. It's unbelievably strong.
Kerry: Yeah. Okay. And that's just awesome that you get that. You know what I'm saying.
Kerry: But what I would say. I would expand one part. And I would say that you're saying is understanding the financial system is one thing, but also understanding the political . . . in other words 'system'. You can't make a choice about where to live, what part of the globe to live, what government to live under, anything. If you don't understand that there's this whole world going on which yes the money is all funneling. But also all the talent.
They're draining the talent pools.
Kerry: The children are being recruited into . . . so it's every layer of our lives. It's not just been one.
Fitts: There's been a change of control. There's been a change of control and it's very significant and you need to understand that this is happening and . . .
Kerry: It changes everything . . . as you were saying. What choice do you make about a career? Where do you invest your money, as you were saying? Retirement. See this is interesting and I don't know . . . I don't know anything about this area. I don't know anything about insurance either. That's obviously a huge rabbit hole in itself.
But how can you have a retirement when the economy isn't built for that? It doesn't care about that any more. It's really not about saving people and keeping them alive for x number of years – other than your pharmaceuticals and using them as guinea pigs.
Fitts: Well, I forget the exact . . . I think a woman my age or older, who does not have a high school education, since 1991 I think their average live expectancy has dropped 6 years. So one way they are going to balance the budget in the Social Security is live expectancy is coming down.
And to me, one of the most important things we can do if we understand what's going on financially in the retirement system and the social safety net, is really take charge of our own health. You know, really take charge of your own health.
Fitts: You know because if you really understand that you cannot trust the system, and that you have to be your own doctor, and you have to take the time to invest proactively and be healthy, it can make an enormous difference.
Another one that I really care about is I've worked with some wonderful young people on okay here's your budget. Here's how much money you have to get a college and graduate education. What's your learning plan, what do you want to learn, and how do you get that in very granular ways and make it economic. And what they discover is rather than just go through an automatic route, they just say, okay I need this, and I go here for this, and here for this, but I need a fancy degree and I'll get that here and suddenly they are navigating the system as a very smart consumer knowing I don't take out any student loans. I can't trust the system.
And there are 5,000 courses. I can spend 20 years in the university and all I'm going to get is disinformation.
One of my favorite subscribers wrote to me and she said, 'I'm in college. I have to take history classes. Some of them are required. But it's really great. I have all of your stuff on my iPod and when they start to lie I just put in my ear plug and then you tell me the truth and I sit there and you know . . .
Kerry: Yeah. Scary stuff. But it's great to have someone like you who is out there having really had their hand on the pulse of what's going on at this very practical level of everyday life. Who would think that there is this incredible link between mortgages and houses, certainly the United States, but I think we're talking worldwide, real estate bottom line. You know, and then that that all relates to the drug trade and where that blossoms and then to also black projects and so on.
And it must also have to do with, I don't know what you call it, but endowments where they give money to certain areas of the country getting stuff and other areas not.
Fitts: The hardest thing for most Americans is they know something is wrong, and they have to spend an enormous amount of time pretending that this official reality is true when they know it's not. For them they don't want to go there. They're like please let me get through the day. So they need a way of navigating this, which is energizing for them and doesn't waste their time and money.
So the question is how can we help them see what's going on in a way which is easy. That's why I always use movies. Because one of the things I learned is a lot of this stuff is scary or depressing. So how could I use movies cuz they are just too tired at the end of the day to look at some of this stuff.
I use movies to make it interesting. That's why you doing videos . . . the more we do videos, the easier it is for them. What we need to do is help them escape the Orwellian . . . they have to be effective within the system. They have to pay the rent. So they are going into the system to pay their rent and that is how it has to be. But how can they navigate it in a way where they can get along and not seem strange to anybody so they can navigate it successfully. But they know enough so they don't get tricked.
Kerry: Yeah. Exactly. And so that becomes the name of the game. Because these people are being deceived right, left and center. Whether it is a health product they buy, some kind of treatment they go for, it's just going to kill them anyway.
Okay. I've kept you for quite a bit of time. But I want to just wrap this up in a sort of a good way. In terms of your own livelihood, I mean I can see where you kind of . . . you had to go through a time when they took you down. You dealt with it. You fought back and you seem to have been very successful in sort of regaining your footing so to speak.
Fitts: I'm nowhere near where I want to get to. So I want to get to the point where my businesses are thriving and I'm enjoying what I do. The first five years when you're an entrepreneur, you know, you started something and stuff. But it's beginning to finally click again. So I'm very optimistic about where it's going and I like my life.
I work . . . I used to work with people I didn't admire or respect. When I was on Wall Street, I worked with people I very much liked and very much respected. In the Bush administration, I had to work with a lot of people I didn't like or respect and also when I was doing Hamilton and Securities Group I was in Washington. Now I work with people I love and I work for people I love. And I work for people I admire and respect a great deal. And day to day I deal with great people.
So, you know, I like to think that the quality of people that I do business with has improved enormously. So I'm in that young period of building, but that's what I like about it. Like the day-to-day I deal with very enlightened, very nice people.
Kerry: Okay. Now it seems to me . . . I'm just going to give you a challenge here. It seems to me that you're dealing with people to allow them to adjust to the system but not to buck it necessarily. Maybe buck it sort of in a very covert way such that they can still maintain a facade so that they don't get targeted.
Fitts: Here's the thing. I end the Solari Report every week where I say, 'Don't worry about if there's a conspiracy. If you're not in one, you need to start one. Cuz I grew up in a world where conspiracies were how we organized everything. Do you know what I mean? And conspiracies weren't necessarily illegal. But it was just that you get together with a group of people. You come up with a plan. And then you do it. That was the organizing principle of the universe. It's like what's wrong with this? It's great. This is how you do things.
So what I want to see. What I believe is that we have the power to change this entirely. Now part of it to change it is you need to understand it. The reality is that I spent my whole life trying to understand who's running things and why they're behaving this way and to this day, Kerry, I don't know this . . . I can't sit down and tell you.
I can engage in conjecture, but I don't know. And that's one of the reasons we wanted to do this conference is to try and improve our . . . you know to lessen how much we don't know. But I still don't know.
But I do know that the human race has the power . . . You know our freedom comes to us from divine authority. And we have the power to choose freedom. Now, I went through that process where I said 'Okay, I'm going to choose freedom and they're going to kill . . .' I was sure I had no chance to live and I made it.
But it was a miracle. You know miracles happen when you make that choice. So we have to make that choice.
Now, tomorrow . . . I can say this to you because you're a very attractive woman. Tomorrow, if every woman went up and said, 'Every man who is doing anything evil or genocide gets no sex,' all of this would stop.
Kerry: Ha, ha, ha.
Fitts: Is it true?
Fitts: Yeah, it's true. So one of the most powerful books I've ever read . . . I'm giving you my whole speech for tomorrow . . . was Robert Axelrod's 'The Evolution of Cooperation' where he says if we bring transparency to who's doing true evil, they'll be shunned.
Kerry: Oh, absolutely.
Fitts: So if the whole human race woke up and said, 'You know, I'm not going along with this. I'm not doing it. I'm not going to allow it.' Now when we do that we've got to have a vision of how we can re-engineer the money so that it can be sustainable. We need to deal with the nuts and bolts of how you make it work. So we need a picture of success where we can get from here to there. But the minute we see that and we start shunning . . .
So what I try to do on the Solari Report is show people where they can gather their power. And the more you just say 'No!'
I wrote a letter to . . . I had worked at Goldman Sachs for the summer and if you're a Goldman Sachs alumni you get an email and you get their research. And I wrote them and I said, 'You guys are scumbags. Delete me from your list. I don't want your research. Go jump in a lake.' And I then published my letter.
I think we need to all do that. We need to hold people . . .
I'll sit down at a dinner party with Goldman Sachs and say, 'You're the scumbags that's responsible . . . I'm amazed that you're not worried that someone will shoot you. And if they do shoot you, I'll try to defend them in a court of law to say it was self-defense.'
We need to hold people in our lives accountable. So this is a matter of bringing transparency and taking the action. If everybody in America pulled their money out of the banks that are doing the fraud, it would shift.
As alternative media, as you, as the Solari Report, as the other people who are here do what they do, it's forcing the mainstream . . . I was in the middle of a Texas airport. I was there on business, and I don't own a television set, but I was in the deli in the airport and the deli was turned on to . . . it's one of the top financial shows . . . and it was all my stuff. It was whole sentences and paragraphs from my most recent stuff.
They're trying to hold the space. Do you know what I mean? And they're having to shift because we're shifting.
So I believe that we have the power to change it, but we need to change it in a way . . . You know take my subscriber. That person's being trained. I need to teach them how to change this to reduce the drain. Every time they reduce the drain, they get more energy to do the next thing. So we need to do this in a way . . . to some people it would seem incremental. But I want them to have successful lives and I want them to thrive. And I want them to thrive by pulling away from the thing that's draining them.
So think of it this way. It's like having a parasite. If you cut off that which is feeding the parasite and draining you, the parasite gets weaker and you get stronger. And that's what we have to do.
Kerry: All right. I think that's a good ending. Thank you very much for your service to humanity.
Fitts: And thank you.