Catherine Austin Fitts, former Wall Street investment bank partner and Assistant Secretary of Housing under George H.W. Bush, describes a global financial system being re‑engineered by central bankers into a “going direct” model that bypasses traditional banking, consolidates wealth, and builds a programmable‑money control grid — all financed by ordinary people’s retirement savings.
Catherine’s background and the moment she saw the system from inside
She ran a successful investment bank, served as HUD’s Assistant Secretary, and tried to stop mortgage fraud; when ordered to break the law she left, then won an 11‑year litigation against the Department of Justice after they fired her firm and tried to steal its fees.
During the litigation she was poisoned eight times, subjected to electronic harassment, and watched private security firms refuse her case — experiences that forced her to study covert operations, non‑lethal weapons, and the “deep state tactics” she now documents.
She discovered that the corporate media is captured, that the financial system operates as a “tapeworm” extracting wealth from the productive economy, and that the only way to survive is to “come clean” — exit relationships with untrustworthy institutions and build independent income, food, energy, and community.
The central banking warfare model and the 2019 “Going Direct” reset
The system is run by central bankers who meet at the Bank for International Settlements (BIS) and the New York Fed; the New York Fed is owned by its member banks (JPMorgan, Citi, Goldman, etc.), whose ultimate beneficial owners are hidden.
In August 2019 at Jackson Hole, G7 central bankers reviewed the “Going Direct” plan from the BlackRock Investment Institute: instead of injecting reserves into the banking system, the Fed would buy financial assets directly from institutions, putting trillions into the economy without congressional oversight.
Months later the repo market blew out, the pandemic hit, and the Fed injected $5–6 trillion directly — while small businesses were shuttered and big firms stayed open, enabling a massive consolidation of assets and market share.
Fitts calls this a “harvesting” of the country: one group operates above the law, another faces ever‑more laws, and wealth centralizes globally through repeated pump‑and‑dump cycles.
The missing $21 trillion, 9/11, and the covert budget
Starting in FY1998, HUD and DoD began reporting “undocumentable adjustments” — $1 trillion at HUD, $20 trillion at DoD by 2015 — while the government stopped obeying financial management laws.
On September 10, 2001, Rumsfeld announced $2.3 trillion missing from DoD; the next day, offices holding those records (Pentagon naval intelligence, SEC files, major bond dealers) were destroyed in the 9/11 attacks.
The missing money flows through the New York Fed’s Exchange Stabilization Fund and the BIS (which has sovereign immunity and secret balance sheets) into offshore havens and private vehicles like the Clinton Foundation.
Epstein, in Fitts’s view, ran a covert SWIFT‑like communications system for moving this money and helped prototype programmable money, distributed ledger tech, and mind‑control research (Harvard, MIT, brain institutes) — funded partly by Madoff’s stolen billions.
Epstein, Kushner, and the financial fixer network
Epstein was introduced to the Clinton White House by Bob Rubin (Goldman Sachs, later Treasury Secretary) in 1994; the same year the Fed bought BIS shares, gaining access to the world’s secret piping system.
Les Wexler gave Epstein a Manhattan townhouse, then sold the adjacent one to Howard Lutnick (Cantor Fitzgerald, primary dealer) — placing a suspected money‑laundering operation next to a firm authorized to trade Treasury securities.
Lutnick’s offices were destroyed on 9/11; his firm was a primary dealer, and the addresses (9 and 11 East 72nd St.) mirror the date.
Recent reporting (Matthew Cole, Dutch/GRU intelligence) shows Jared Kushner’s phone was penetrated, revealing billions from UAE/Qatar/Saudi wealth funds — money raised despite Kushner’s failed real‑estate track record, possibly as payback for Trump protecting MBS after Khashoggi.
The programmable‑money infrastructure now being deployed
The 2025 GENIUS Act creates a regulatory framework for payment stablecoins (collateralized by Treasuries) effective 2027; the goal is to onboard 4 billion new users worldwide onto dollar‑denominated crypto rails, sucking deposits out of local banks into the Treasury market.
The Depository Trust Company (DTC) is piloting distributed‑ledger digital tokens for stocks and bonds, aiming for commercial launch by year‑end; big banks and regional consortia are moving deposits onto the same rails.
Coinbase plans to use digital tokens to bring 4 billion people into the U.S. stock market; the NYSE will offer 24/7 trading of 63 mega‑cap “control grid” stocks (hyperscalers, AI, chip firms) with up to 20× margin.
This creates an automated “third lock”: today banks manually enforce KYC/AML/sanctions; with spatial surveillance, digital ID, and AI on distributed ledgers, algorithms can freeze or tax individual transactions in real time — no court, no customer service, just code.
The AI bubble and retirement savings financing the control grid
U.S. households now hold 48% of net worth in equities (vs. 20–25% in Europe/Asia); margin debt is at 4.5% of GDP, above the dot‑com peak.
Passive index funds concentrate 35–55% of assets in 10–12 hyperscalers (Microsoft, Amazon, Google, Meta, Oracle, Nvidia, etc.) — the same firms building data centers, AI, and surveillance infrastructure.
Bonds issued off‑balance‑sheet via LLCs (Enron‑style) by these firms are bought by bond funds; private‑equity funds also hold them — so a retail investor’s “diversified” portfolio is actually a massive, hidden bet on the control grid.
The BIS found retail investors lose money on Bitcoin (buy high, sell low); the same dynamic applies here — people are financing their own prison while believing they are beating inflation.
Data centers, Operation Fortress, and the surveillance capacity endgame
MIT engineers calculate the data‑center capacity being built is many times what civilization needs; the only plausible use case is total spatial + financial surveillance enabling an automated social‑credit system.
Operation Fortress (DoD, Oct 2026) requires every major base to have modular nuclear micro‑reactors and 90‑day off‑grid survivability — portable reactors that fit in a C‑130.
The grid is being hardened for a scenario where AI runs amok and the only stop button is cutting power; meanwhile, the same firms (Tesla, SpaceX, Palantir) are merging robot armies, Starlink/StarShield satellites, and government data access (DOGE pulled HHS/IRS/SSA payment data, installed AI across agencies).
Musk privately manipulated Starlink speeds in Ukraine after a Trump–Putin call, showing a tech‑bro chain of command overriding the military.
Breakaway civilization: life extension and species separation
Kushner stated his generation may be “the first to live forever, the last to die”; Sean Parker said billionaires will live to 145, others won’t.
Fitts sees this as the definition of a breakaway civilization: elites no longer view the population as the same species but as livestock, using biotech/AI to separate themselves physically and financially.
The taxpayer has funded $21T missing adjustments, $29T bailouts, $40T debt, plus priceless technology and data transferred to private firms — yet the extraction continues because the system is designed to protect the breakaway group’s liability.
Geopolitics: China, energy control, and the closed trade model
The U.S. and China are “Siamese twins”: U.S. tech, military, and finance depend on Chinese manufacturing and capital; U.S. capital built modern China (Carlisle, utility tech transfers in the 1990s).
The neocon strategy (Cheney, now bipartisan) has shifted from open Bretton Woods trade to a closed model: control energy (LNG) and trade bottlenecks (Hormuz, Malacca, Gibraltar, Panama) to raise rivals’ energy costs while U.S. LNG profits soar.
Ukrainian drones striking Russian refineries, U.S. seizures of Iranian oil revenue, and IMF acknowledgment that war reallocated economic strength to the U.S. confirm the model is working — not to win wars, but to centralize global energy control.
Practical steps: coming clean, living equity, and family enterprise
Fitts’s “Coming Clean” framework: audit every relationship on your balance sheet/income statement; move banking to well‑capitalized, locally governed community banks or credit unions where you know decision‑makers.
Replace intermediated food, water, energy with trusted local sources (CSAs, farmland leases, wood heat, wells); finance family mortgages instead of buying overvalued stocks — the “people bank” of trusted kin outperforms Wall Street in crises.
Health is the #1 financial risk; divorce is #2. Invest in nutrition, clean water, and strong family cooperation — real wealth comes from family enterprises built by healthy, cooperating people, not from financial speculation.
Education: abandon government schools; homeschool or co‑op with other parents. Young people (18–35) who understand the system are building parallel structures (Solari Builders course, entrepreneurship, poetry as pushback, cash haikus to keep analog money alive).
The core choice: finance the world you want to live in, or finance your own demise. Know your portfolio, decide explicitly, and protect the people you love — because the system will not protect them for you.
