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by Brian Shilhavy
Editor, Health Impact News
Catherine Austin Fitts was interviewed on the David Knight show last week.
Catherine Austin Fitts is a Wharton graduate, and was the first woman to be promoted to managing director of Dillon, Read and Co, Inc., the “prototypical elitist men’s club Wall Street investment bank.”
Fitts was instrumental in building a new market for Dillon Read. She began underwriting previously unrated municipal bonds, in essence, financing large government projects which other Wall Street firms said couldn’t be done.
These novel bond sales helped revive New York City’s crumbling subway system, and they provided funding for the City University of New York and other major projects.
The market in unrated and low-rated muni bonds took off, earning Fitts the title of “Wonder Woman of Muni Bonds,” in a glowing Business Week article (February 23, 1987). (Source.)
Fitts worked on the campaign of George H. W. Bush during the 1988 United States presidential election, and was appointed as Assistant Secretary of Housing and Urban Development for Housing in the Bush administration, where she was charged with repairing the department’s reputation in the aftermath of the savings and loan crisis.
She resigned her post in 1990, following a report that her relationship with Secretary of Housing and Urban Development Jack Kemp had soured. (Source.)
After leaving government, Fitts founded Hamilton Securities, an employee-owned brokerage house, which she ran until 1998. In 1993, Hamilton Securities won a contract with HUD to manage its $500 billion investment portfolio.
However, she did her job too well, as she learned that when you save taxpayers money, you are often lowering revenues for the D.C. crime syndicate.
The Bush family, or those associated with the Bush family, allegedly destroyed her career and threatened to murder people in her family if she went public with what she knew, and she briefly touches on this in her interview with David Knight.
She now runs the Solari Report as a totally private entity.
I have annotated down about 7 minutes from her nearly 1-hour interview with David Knight, where she talks about the Epstein financial network of laundering money.
She asks the question, “How many people in this current administration have major files in the Epstein operation“?
Here’s a partial transcript:
They’re all scared (in the Trump administration). How many people in this current administration have major files in the Epstein operation?
The only guy who doesn’t look scared about the whole thing is Howard Lutnik, because he had the house next door (to Epstein). I’m assuming he got the downloads. Are the Epstein tapes over in his house?
Between the administration and Congress, how many people do you think will stand real transparency around the Epstein files?
When I was in Washington, the Cabinet Secretary (Jack Kemp) I was working for was compromised in the Franklin cover up.
And when the Washington Times started running stories about the Franklin Cover-up, he just went crazy, and was being blackmailed. And I was in the middle of it, because he was trying to order me to do illegal things, and I wouldn’t do it.
I’ve never seen a human being more terrified, more afraid. I mean he was just terrified.
Because here he is, you know, a big family man and a Christian, and somebody is blackmailing him, presumably over pedophilia and he’s scared to death.
There’s a wonderful book called the Red Mafia by Robert Freidman, about the Russian mafia. And the important thing to understand about the Russian mafia is they’re 99% Jewish. So you have enormous rat lines through the Ukraine, into Israel, into New York, and London.
So London, New York, Israel, Ukraine.
When we talk about the Ukraine, you can think of it as a war, (but) I think of it as a huge financial money laundering operation. The Epstein operation is right in the middle of that.
And when Trump says to Zelensky “you don’t hold the cards,” Zelensky is thinking “No, my name is on the bank accounts, and I still got pots of money, and I have all the intel about where the money came in, and where it went out.”
So he does hold cards, is what it looks like to me.
Here is the 7-minute video:
The full David Knight interview can be watched here.
A great source that I found about the story of Catherine Austin Fitts, is an article published in 2002 by Scoop Independent News, titled: Enemy Of The State – The Catherine Fitts Story. It is on Archive.org.
Here are some excerpts:
In retrospect, Hamilton must have been a major threat to the nation-wide money laundering and financial fraud network which uses government-guaranteed mortgages and other programs to scam US taxpayers. The formerly secret sources of the false allegations against Hamilton have some interesting connections.
Federal whistle-blower Stewart Webb thinks he knows why Catherine Austin Fitts and her company, Hamilton Securities, were bushwhacked. In fact, he believes that her operation was a direct threat to the “Denver Boys” — the Bush Crime Family’s money laundering operation based in Denver.
Why was she targeted?
“Because she had set up a company which was showing the government how to save money through competitive loan sales programs,” explains Webb.
“It was a threat to [Leonard] Millman in Denver. Because they were in control of the mortgage program.”
The Harvard-Bush Connection
Since historically the Chinese Opium Trade and the African Slave Trade have provided the financial foundation for the Boston “Bluebloods,” it should come as no surprise that the Harvard Endowment Fund and the Harvard Management Corporation are involved in what can be characterized as shady enterprise at best — or criminal activity at worst.
In 1989, the Harvard Endowment Fund, became the 50% owner of HUD subsidy (Section 8) and non-subsidy apartment buildings through its purchase of NHP, an apartment management firm, headed by Roderick Heller III.
Since their plan was to do an Initial Public Offering (IPO) or a merger for NHP, they tried to run up the value by aggressive acquisition of more apartments, preferably with HUD issued mortgage insurance which could be defaulted on — with little or no consequence.
Unfortunately for Harvard, HUD had initiated its new open-disclosure and performance-based auction under the direction of Hamilton Securities. When the private market firms battled it out, Harvard was outbid by GE, Goldman Sachs and Black Rock and its sour grapes apparently turned to vengeance.
In 1996, according to Fitts, Rod Heller told her that the government had a “moral obligation” to him and his investors (Harvard Endowment) to renew or roll over the subsidies with them to maintain their profits.
In other words, an open auction-free marketplace was not acceptable to the Harvard Boys, since they were operating their business of HUD-backed corporate welfare-subsidies under what Heller claimed was “an understood handshake.”
The HUD portfolio of distressed properties had traditionally been managed to derive profits for private business — like Harvard Endowment Fund — and not the US taxpayers. Since Harvard was used to rigging profits through politics, not fair business practices, it started losing income because there were less management fees and the value of its stock started going down.
In 1991, Harvard and Heller asked Fitts to do an investment bank with them. At the last minute, Harvard Management Company honcho Michael R. Eisenson told her he wanted 20% of her new company’s stock, and the deal was shattered.
On the first large HUD loan sale, Eisenson complained to Fitts, “I don’t like this” –referring to Hamilton’s use of optimization software to auction HUD mortgages — “because the only way we can win is by paying more than our competitors. We prefer a bid process where we can win by ‘gaming it’ because we are ‘smarter.'”
For those unfamiliar with Soviet (or is it Harvard-Mob?) terminology, “smarter” is code language for saying “we can rig it.” And “gaming it” means finding a way of manipulating the players to get control of them, rather than using the competitive process of free market capitalism.
Eisenson was obviously quite at home with the proverbial “fix.”
And who is Mike Eisenson? He was the lead investor who eventually sold Harvard’s share of NHP to the Denver-based AIMCO. His other claim to fame is that he was on the board of directors of the infamous Harken Energy which rigged an insider stock deal on behalf of George W. Bush — not coincidentally a Harvard grad.
In 1986, a small company called Spectrum 7 (George W. Bush, Chairman and CEO) was acquired by Harken Energy Corp. After Bush joined Harken, the largest stock position and seat on its board was acquired by Harvard Management Co. The oil and gas, real estate and private equity portion of Harvard Endowment also acquired. Warren Buffet’s position in NHP, one of the largest owners of HUD Section 8 subsidized properties in 1989.
Then the Hamilton Securities initiated HUD loan sales were slowed down and cancelled, and, of course, Harvard’s capital gains were ensured through an IPO of NHP and through a sale to AIMCO.
The Harken Board gave the Junior Bush $600,000 worth of company stock, plus a seat on the board, plus a consultancy worth $120,000 a year — despite suffering losses of more than $12 million dollars against revenues of $1 billion in 1989.
In 1987 when creditors were threatening to foreclose, the Junior Bush himself made a trip to Arkansas to meet criminal-banking kingpin Jackson Stephens, whose Stephens Inc. arranged financing for the faltering Harken Energy from a subsidiary of the Unon Bank of Switzerland (UBS). Stephens Inc, of course, had ties to the notorious CIA money laundry bank, the Bank of Credit and Commerce International (BCCI), where drug trafficking and arms-smuggling profits mingled freely with looted S&L; and fraud-scam proceeds.
Then 1990 Bahrain awarded an exclusive drilling rights contract to Harken and the Bass brothers added more equity to the deal. Six months later George Bush Jr. sold off 212,140 shares grossing him $848,560.
When Saddam Hussein invaded Kuwait the Harken stock dropped suddenly. The SEC was not notified, and no action for insider trading was taken against the Junior Bush. Why? SEC chairman Richard Breeden was a faithful Bush loyalist.
Today Eisenson, formerly one of the lead investors in NHP and Harken and one of the primary portfolio managers of Harvard Management, runs a private equity portfolio called Charlesbank Capital Partners LLC, Boston which manages $1.4 billion in real estate investments for the Harvard Endowment.
One of the partners of a company doing business with NHP, Scott Nordheimer actually admitted to Fitts in June 1996 — “We tried to get you fired through the White House and that didn’t work. So now the Big Boys got together, and you’re going to jail.” Shortly thereafter the qui tam lawsuit with the bogus whistle-blower charges was filed against Hamilton.
In this complicated story, there’s another part of the puzzle which needs exposure. The Hamilton Bushwhack involved Cargill personnel falsely accusing the following companies of financial improprieties: Hamilton Securities, as well as investment bankers Goldman Sachs and Black Rock Financial, a subsidiary of PNC.
Goldman Sachs has been touted as one of the largest contributors to the Democratic National Committee and the Clinton-Gore Presidential Campaign.
Was the Hamilton Bushwhack just another outward sign of a covert power struggle? Because of its implications, it had the potential to lead to Clinton’s impeachment on serious fund raising violations — a much more significant charge than the Monica Lewinsky Sexcapades used in the Ken Starr Coverup. (Source.)
Catherine Austin Fitts – The Solari Report
Related:
From Watergate to Pizzagate – Exposing How Washington D.C. is Part of the International Pedophile Network
Comment on this article at HealthImpactNews.com.
This article was written by Human Superior Intelligence (HSI)
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