How $21 TRILLION Went Missing From U.S. Taxpayers! -Catherine Austin Fitts FULL INTERVIEW

The Solari Report.

Jun 20, 2025

Catherine Fitts: Power Grids, Bankers vs. the West, Secret Underground Bases, and Extinction Events

A few days ago, Tucker Carlson interviewed former Wall Street insider Catherine Austin Fitts, during which she discussed, among many interesting topics, the disappearance of $ 21 trillion from the accounting ledgers of the US federal government over a 17-year time span (1998-2015). I’ve tracked Fitts’ work on this subject for over ten years, and I summarized it in a section in my forthcoming book, The Coming World Nation, which I’m sharing below.

In 2017, former Wall Street insider and government official Catherine Austin Fitts (introduced previously) joined forces with Dr. Mark Skidmore, an economics professor at Michigan State University, to conduct a comprehensive analysis of federal financial records. Their investigation uncovered one of the most significant hidden funding sources for the National Security State’s black projects underworld: systemic, large-scale accounting fraud embedded within the ledgers of major US government agencies, including the Department of Housing and Urban Development (HUD) and the Department of Defense (DoD).

Between 1998 and 2015, Fitts and Skidmore calculated that the total sum of money that has disappeared into the black budget through this type of accounting fraud amounts to an unbelievable $21 trillion. As Fitts writes in her 2019 Solari Report article titled “The Real Game of Missing Money, “between fiscal years 1998 and 2015, $21 trillion of un-documentable adjustments were identified in the financial statements of the DoD and HUD. These adjustments represent money that cannot be accounted for and appear to be part of a larger system of financial opacity.”

Fitts concludes that “the missing trillions point to the existence of a black budget economy, which operates outside of any accountability framework and funds projects that the public is entirely unaware of.” These include “the development of secret technologies, underground facilities, and classified space programs, creating an infrastructure that bypasses democratic governance.”

In an article published in Fitts’ journal, The Solari Report, titled "Should We Care about Secrecy in Financial Reporting?,” Dr. Skidmore discusses how the government responded to the publication of his research with Fitts, revealing that its response was to immediately eliminate the paper trail leading to its covert financial operations. In particular, “Pentagon officials turned to the Federal Accounting Standards Advisory Board (FASAB) for advice. Several months later, FASAB posted a new document (FASAB 56), which recommended that the government be allowed to misstate and move funds to conceal expenditures if it is deemed necessary to protect national security interests.”

Wisconsin Sen. Ron Johnson says he doesn’t accept the ‘new normal’ of rising national debt.

$22 TRILLION ISN'T THAT THE # CATHERINE FITTS USED 4 FED BANK.

GOP Sen. Ron Johnson explains why he opposes Trump’s budget in its current form/Wisconsin Sen. Ron Johnson says he doesn’t accept the ‘new normal’ of rising national debt. Johnson is one of a handful of Republican senators who plan to vote ‘no’ on the budget reconciliation bill that recently passed the House with a narrow one-vote margin.

The Solari RepoHow $21 TRILLION Went Missing From U.S. Taxpayers! -Catherine Austin Fitts FULL INTERVIEW

In this wide-ranging yet often shocking interview, Jimmy speaks with Catherine Austin Fitts, the former Assistant Secretary of Housing and Urban Development for Housing in the George H.W. Bush administration. In 2017, Fitts co-authored a report alleging $21 trillion in unauthorized spending by the U.S. Department of Defense and U.S. Department of Housing and Urban Development over a 17-year period.