Former Bush administration official and Wall Street veteran Catherine Austin Fitts shared with Tucker Carlson her provocative theory that America’s leadership abandoned the nation in the 1990s, initiating a financial coup that diverted trillions of dollars from the U.S. government to fund secret projects, including underground bases, space exploration, and a global digital control grid designed to manage a population facing economic decline.
The nearly two-hour conversation, blending financial analysis, geopolitical intrigue, and spiritual insight, left Tucker Carlson visibly stunned, affirming Fitts’ reputation as a uniquely informed and resilient voice. Her narrative, while speculative in parts, challenged listeners to question official narratives and invest in a decentralised, human-centred future.
Fitts, who served as Assistant Secretary of Housing and Urban Development under President George H.W. Bush and was a partner at Dillon Read, alleged that central bankers, led by institutions like the Bank of International Settlements (BIS), have been orchestrating a shift from a democratic republic to a centralized, technocratic control system, eroding constitutional freedoms and preparing for a future marked by economic hardship and geophysical risks.
Fitts traced the origins of this alleged coup to the mid-1990s, specifically after the 1995 budget deal collapsed. She described this as a signal that the U.S. democratic system was too dysfunctional to sustain itself long-term.
She claimed that by October 1997, massive sums, totalling $21 trillion in undocumented adjustments by 2015, began disappearing from the Departments of Defence (HUD) and Housing and Urban Development (DOD).
She cited a 2001 press conference by then-Defence Secretary Donald Rumsfeld, who acknowledged $2.3 trillion in unaccounted adjustments at the DOD alone, as evidence of this financial haemorrhage.
Fitts, working with a reporter on a story about the missing money at the time, suggested these funds were funnelled into a “breakaway civilisation”, a term coined by historian Richard Dolan to describe a parallel governance structure operating outside U.S. legal frameworks.
Central to Fitts’ narrative is the BIS, based in Basel, Switzerland, which she described as the “central bank of central banks” with sovereign immunity, rendering it above national laws. She alleged that the BIS and its 63 member central banks, including the Federal Reserve, facilitate the secret movement of funds, potentially parking the missing trillions on its balance sheet or redirecting them to clandestine projects.
Fitts speculated that these projects include an estimated 170 underground bases in the U.S. and globally, possibly connected by transportation networks, built to prepare for scenarios like nuclear war, geophysical disasters, or to provide secret space programs. She referenced her two-year research effort with a Solari Report subscriber, which compiled data and allegations supporting this claim, though she acknowledged much of it remains speculative.
Fitts argued that the digitisation of currency and commerce, a process she claims has been underway for decades, is transforming money into a control mechanism. She pointed to a 2020 statement by a BIS official, who described the ability to set and enforce rules on digital money as a “beautiful” feature, enabling unprecedented surveillance and control over individuals.
Fitts cited the 2022 Canadian trucker protests, where bank accounts were frozen to suppress dissent, as a real-world example of this power. She warned that this “digital concentration camp” could starve or punish non-compliant individuals, particularly as economic conditions deteriorate due to mounting U.S. debt or inflation driven by deglobalization.
Fitts suggested the control grid is partly designed to manage populations during a potential debt meltdown, which she and Carlson noted is a widely acknowledged looming crisis.
The interview delved into Fitts’ belief that the missing trillions may be funding ambitious, secretive initiatives, including space exploration and asteroid mining, driven by billionaires like Elon Musk and Jeff Bezos, who have amassed centralised wealth.
She posited that central bankers, motivated by concerns about geophysical risks like solar minimums or cyclical near-extinction events, invest in a multi-planetary civilisation to hedge against Earth-based catastrophes.
Catherine Austin Fitts references The Three-Body Problem, a Chinese science fiction novel by Liu Cixin, to illustrate concerns about geophysical risks that might drive secretive infrastructure projects.
Fitts notes that former President Barack Obama cryptically recommended the novel, which explores a civilisation grappling with existential threats caused by the unpredictable gravitational interactions of three celestial bodies.
This chaotic system leads to catastrophic environmental shifts, including flooding and earthquakes, forcing the inhabitants to adapt to extreme conditions. Fitts suggests that the book’s themes resonate with fears of cyclical, near-extinction events on Earth, potentially motivating elites to invest in underground bases and space exploration as hedges against such unpredictable, planet-scale disasters.
Barack Obama goes on to warn the public domain. Leave the World Behind is a 2023 Netflix apocalyptic thriller produced by Barack and Michelle Obama’s Higher Ground Productions. Obama, who provided extensive script notes, likely backed the project due to his interest in the novel’s message.
The plot follows a family on a Long Island vacation disrupted by a mysterious cyberattack that cripples technology and communication. The homeowners seek refuge, forcing the two families to navigate mistrust and escalating chaos amid hints of a broader societal collapse. Directed by Sam Esmail and based on Rumaan Alam’s 2020 novel, the film explores race, class, and humanity’s fragility in crisis, with an ambiguous ending that sparked widespread debate post-premiere.
Fitts also speculated about using “breakthrough energy”, non-publicly disclosed technologies, that could power these projects, citing anecdotal accounts from contractors who observed unusual energy sources at underground facilities.
Despite the alarming picture, Fitts emphasised resistance through cultural and spiritual renewal. She recounted a 2000 presentation to a spiritually focused group in which she posed a hypothetical: if pushing a “red button” could stop narcotics trafficking but risked financial instability, who would act?
Only one of 100 attendees would push it, revealing society’s complicity in systemic corruption for the sake of economic security. Fitts argued that this refusal to confront reality, exemplified by the U.S. economy’s role as a global leader in laundering $500 billion to $1 trillion annually in illicit funds, has increased the control grid.
Catherine Austin Fitts urged individuals to “turn the red button green” by re-engineering local economies to prioritise real wealth over centralised control.
Fitts’ personal story underscored her resolve. She described an 11-year legal battle with the Department of Justice, triggered by her efforts to expose mortgage fraud in the 1990s, which she claimed was intentionally engineered by the Treasury and Federal Reserve to centralise capital. Facing audits, investigations, and harassment, Fitts relied on the “people bank”—loans and gifts from family and friends that sustained her through the ordeal. She repaid or gifted $500,000 post-litigation, choosing to invest in relationships over traditional financial vehicles like a 401(k), which she distrusted after government interference.
Fitts critiqued the U.S. economic model as unsustainable, citing a $1.8 trillion Health and Human Services budget bloated by what she called “the great poisoning”—environmental and health declines that increase costs and reduce productivity.
She contrasted this with her vision of “living equity,” where family, health, and community investments trump financial wealth.
Fitts also criticised universities like Harvard, whose $50 billion endowment she described as a tax-exempt investment syndicate, for prioritising financial power over education, suggesting they’ve strayed from producing the human capital needed for a thriving society.
The interview closed with Fitts’ call to action: decentralise economic power, embrace transparency, and reject hopelessness, which she labelled a deliberate psychological operation.
She directed listeners to her Solari Report (Solari.com), a subscription-based platform offering free and paid content. A global network of subscribers collaborates on this platform to understand and resist centralised control.
Fitts’ tone, cheerful despite the dark subject matter, reflected her spiritual conviction, rooted in a church lesson that “the devil cannot have my joy.” She urged listeners to face reality, trust in divine guidance, and build wealth through community. She warned that freedom depends on collective action in an “all-or-nothing” struggle against the control grid.
Source: Catherine Fitts: Bankers vs. the West, Secret Underground Bases, and the Oncoming Extinction Event, Tucker Carlson Show