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Speaker 0 claims a "financial coup" began in 1997, re-engineering government by creating a debt trap. By 2015, there were $21 trillion in "undocumentable adjustments" in government financials. During the Kavanaugh hearings, Federal Accounting Standards Advisory Board Statement 56 was issued, allegedly allowing a secret group to move money out of financial disclosures, impacting 24 agencies and about 150 governmental entities, plus big banks and contractors. This makes US large-cap stock and bond market financials meaningless because a secret group can make anything go missing. Systemically important institutions are allegedly free to break the law, only needing to kick back profits to the Department of Justice. The central banking bureaucracy, especially the BIS, runs the debt and transaction system. The speaker identifies the Harvard Corporation as a major investment syndicate with a self-perpetuating board controlling a $50 billion+ endowment. US universities are now a terrible investment for parents because they are bloated and off track. The unipolar model failed because the US lacks a culture and human capital to manage it, and is not "agreement capable."

The Pentagon hides billions of dollars, with no accountability or audits. We've never received a satisfactory explanation. To uncover the truth, someone will likely have to leak information online before being silenced—a scenario I've often predicted.

In 1994, the Federal Reserve deepened ties with the Bank of International Settlements. A year later, a large pension fund began moving money out of the country. Simultaneously, billions began disappearing from HUD and the Department of Defense, totaling $21 trillion between 1998 and 2015. Around the same time, we saw the rise of OxyContin and predatory lending, targeting low-income neighborhoods. Leading up to 9/11, a reporter was covering the missing money, but on 9/10, Rumsfeld announced $2.3 trillion was missing. After 9/11, the Patriot Act passed, and the missing money issue faded. In 2015, $6.5 trillion went missing in one year. Dr. Skidmore's research revealed the missing money matched the US national debt. Despite pressure, the DOD refused audits. Then, FASB 56 allowed the government to keep secret books, enabling unlimited secret funding, which I believe facilitated events like the COVID-19 operations.

Speakers analyze a Treasury/GAO annual report, focusing on page 215 and the independent auditor's report from the US Government Accountability Office. They quote that "for twenty eight consecutive years now, the Government Accountability Office has been disclaiming opinions about all of this information" and that "we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion." They highlight "material weaknesses in internal control over financial reporting and other limitations on the scope of our work" and that "the federal government is not able to demonstrate the reliability of significant portions of the accompanying accrual based consolidated financial statements." They note weaknesses across DoD, SBA, Education, and environmental liabilities, and that the American Rescue Plan Act 2021 program was "not adequately accounted for." The document also presents "Social Security and Medicare sensitivity analysis" with a "low cost alternative" described as "slower improvement in mortality, beneficiaries die younger." The speakers argue the government's size and complexity impede accountability, that the Federal Reserve is not a government agency, and advocate a "trust game" and a "debt jubilee" to restart.

Speaker 0 asserts that there are two F’s that come to mind: fraud by design and financial Armageddon. - Fraud by design: This, according to Speaker 0, was not an accident or a happenstance event. It is described as a system that is designed by the left for people in their social circles. The claim traces the system back to the top of the federal government, beginning with the Obama administration and being promulgated even more by the Biden administration. It is said to run down to the states, including governors across the country, specifically naming governors Waltz and Mills. The speaker also mentions the local level, noting bad actors and headlines in Maine and Minnesota. The overarching assertion is that this situation is “the tip of the iceberg.” - Financial Armageddon: The second F is financial Armageddon. Speaker 0 argues that if the Trump administration does not take the issue seriously, listeners are “probably on another planet.” The speaker contends that the problem will have implications for the state of Maine amounting to “billions with a b of dollars,” and that this will spell financial Armageddon for the state. The speaker emphasizes the urgent need to get a handle on the problem. In sum, Speaker 0 portrays a systemic, politically driven pattern of fraud across federal, state, and local levels, described as the tip of the iceberg, and projects drastic financial consequences for Maine unless the issue is addressed, asserting that the Trump administration is serious about taking action.

Speaker 0 argues that there is a shift toward bankers increasingly controlling both monetary and fiscal policy, describing it as a "financial coup d'etat." They claim that for centuries there has been a balance of power between the people's representatives who control fiscal policy (taxation) and bankers who control monetary policy. According to Speaker 0, bankers have decided to use digital technology to assert control over both sides of government policy, leveraging CBDCs (central bank digital currencies), stablecoins, and asset tokens as programmable money. They assert that this move is underway and cite Davos as evidence, noting that Larry Fink, the acting co-chair of the World Economic Forum, is aggressively promoting the idea of moving the entire financial system into a digital control grid. The speaker contends that the descriptions of the bankers’ intentions are becoming very open and explicit, and that the result would be the abolition or collapse of the republic in favor of a system where bankers control both monetary and fiscal policy. The speaker questions whether legislative representatives would remain in any executive or ceremonial role, describing the future as fluid and capable of many directions. They emphasize that the transition has been very incremental for decades, facilitated by the federal government not running its financial statements and operations in accordance with the law and not disclosing them properly. This, they claim, has allowed the shift to occur with the public largely unaware or complacent. Speaker 0 notes that many Americans have accepted the current system because they benefit from it in the short term—“as long as I get my check, I’m okay with the system as it is.” They frame this acceptance as part of the reason the changes have progressed with limited public pushback. In sum, the speaker contends that the bankers are moving to extend control from monetary policy into fiscal policy through digital technologies and programmable money, a process they describe as a quiet, long-running coup that could redefine the balance of power in government.

In the exchange, Speaker 0 argues that a financial coup began policies that reduced health life expectancy, noting that to balance the budget without increasing retirement funding, one could extend retirement age or lower life expectancy, or both. Speaker 0 asserts that during the pandemic the operation was carried out by people who allegedly stole large sums of money, suggesting that the pandemic is connected to those alleged thefts. Speaker 1 responds, acknowledging the connection as “a great connection,” and the conversation continues to map how money moves through the U.S. financial system. Speaker 0 offers a simplified mechanism: every day, primary dealers working with the New York Federal Reserve borrow money by selling treasury bonds and bills to IRAs and pension funds. The pension funds buy treasury bonds, moving money into a Treasury account at the New York Fed, and then that money “disappears out the back door.” He references a 2017 study by Dr. Skidmore that documented 21 trillion dollars as missing, noting that at that moment the outstanding U.S. debt was 21 trillion. This leads to the question of whether the United States has too much debt or if there has been a large-scale bank robbery. Speaker 2 interjects that there is “Too much theft,” agreeing with the critical view of the system described. Speaker 0 reframes the issue by explaining that as a citizen, the pension fund you contributed to is not an asset but an IOU to yourself as a taxpayer, because the bonds have a call on all assets. He emphasizes that the bonds are an obligation tied to taxpayers, and questions what the Department of Defense would do if confronted with the disclosure that “we disappeared 20,000,000,000,000 of your money,” noting that the money disappeared from DOD accounts at the New York Fed and could have been sent to Basel, Switzerland, offshore, or elsewhere. The core argument centers on a sequence: the movement of funds from pension investments into Treasury securities, the apparent disappearance of those funds from the system, and the larger claim that a coordinated theft or misappropriation underpins national debt and policy decisions. Speaker 0 reiterates that, in this narrative, the DOD allegedly played a role in the disappearance of funds, framing the situation as one where money funded through pension accounts and Treasury bonds could be diverted or hidden, with the implication that such actions relate to the broader mechanisms of debt and national financial management.

Catherine Austin Fitts discusses missing money in the US financial system, a digital control grid, and who "Mr. Global" is. Fitts claims the US government and the Federal Reserve are in massive violation of financial management laws, with over $21 trillion missing since 1998. She alleges a decision was made to engineer a coup through financial mechanisms, draining money out the back door. Fitts says FASB 56 allows covered agencies to keep secret books, meaning financial statements may be incomplete without disclosure. She connects missing money to the funding of a breakaway civilization, including underground bases and invisible weaponry. She says the system is a public-private criminal syndicate, extracting wealth through a tapeworm economy. Fitts believes the power has shifted from traditional private societies to a military intelligence infrastructure with infinite money. She also touches on the influence of interdimensional intelligence and the occult on leadership.

Speaker 0 summarizes a view that public health has been militarized and the military repurposed as a public health front. The term “kill box” is used to describe a geographic or three-dimensional area established for military attacks; the speaker asserts the DOD and WHO aim to render the entire world as their terrain, with the population as all people and the campaign as permanent. Weapons in this campaign are described as informational (propaganda and censorship), psychological (fear and obedience to government), and chemical/biological/radiological/nuclear (referred to as pharmaceuticals, vaccines, but claimed to be toxins and pathogens). The speaker contends this project has centuries-long roots in globalist banking and military interests, intensifying in 1913 with the Federal Reserve Act and in the 1930s–40s with public health. By the mid-1960s, they claim, poisons were fraudulently labeled as medicines or vaccines to induce civic duty, citing COVID as an example of coercion (do this or you’ll kill your grandma). The pharmaceutical method is described as enabling plausible deniability and legal impunity, allowing mass harm with less traceable fingerprints. Coercion is described as cascading from the Bank for International Settlements to other federal central banks, then down through state, national, local governments, school districts, hospitals, and beyond. Compliance with masking, testing, isolation, and injections purportedly grants financial access, while noncompliance cuts such access. Legally, the speaker traces a framework beginning in 1969 with a U.S. law to set up chemical and biological warfare programs (50 USC Chapter 32) and the key terms “protective,” “prophylactic,” and “defensive,” used to justify research while arguing that all biologically active products are inherently toxic. The 1983 Public Health Service Act amendment created the Public Health Emergencies Program and a $30 million “slush fund” (still funded under later acts). The 1986 National Vaccine Program and the National Childhood Vaccine Injury Act established a liability exemption for manufacturers and a compensation program for injuries, later modeled by the countermeasures injury compensation program post-COVID. Internationally, the World Health Organization is described as a military arm of a one-world government, with International Health Regulations amended in 2005 to 2007 to push national systems toward surveillance, detention, quarantine, and forced treatment during international outbreaks. The real aim is shifting sovereignty from nation-states to WHO and BIS upon a public health emergency of international concern. Key years cited include 1997–1998 (Emergency Use Authorization and rehoming CBRN stockpiles), 2000–2002 (Public Health Threats and Emergencies Act, AUMF), and post-9/11 legislation (Patriot Act, Public Health Security and Bioterrorism Preparedness, Homeland Security Act), expanding a permanent state of global conflict. From 2003–2009, executive orders, funding, and agency guidance integrated DHS, DOJ, HHS, and DoD, enabling experimental products like vaccines and gene therapies. The Pfizer matter is cited to claim DoD prototypes bypass standard trials and FDA authorization, with government support for early termination of normal processes. Since 2020, the speaker links the WHO declaration of Public Health Emergency of International Concern with domestic PREP Act declarations and subsequent acts (Defense Production Act, Stafford Act, National Emergencies Act) to build a funding stream for military-led bioweapons research and use, while shielding participants from liability and enabling state sovereignty pushback through Article 10 of the Constitution. The speaker argues that these developments threaten constitutions and state protections, calling for increased state authority, and predicts a tipping point with criminal prosecutions, asserting that the actions constitute war crimes.

Catherine Austin Fitz, a former Bush administration official, claims the US government has secretly built a $21 trillion underground city. This was allegedly funded by unaccounted federal spending from the Department of Defense and HUD between 1998 and 2015. Fitz describes over 170 interconnected underground and underwater cities designed to house the powerful during a near extinction event. These facilities are connected by high-speed transit systems and powered by advanced energy technologies unknown to the public. The construction occurred without public knowledge, media coverage, or official announcements. The purpose and implications for the general population remain unclear.

Twitter, at least, was breaking even and passing audits. The federal government, however, is losing trillions annually and failing its audits. Senator Collins mentioned giving the Navy billions for submarines, only to find out the money disappeared without any new submarines. This level of waste is enabled because they're accustomed to operating this way without accountability. As Milton Friedman said, money is most poorly spent when you're spending someone else's money on people you don't know, which perfectly describes the federal government's situation.

Catherine Austin Fitz told Tucker Carlson that the US government spent $21 trillion on an underground city for the wealthy in case of a near extinction event. Fitz cited a report by Michigan State University economist Mark Skidmore, who uncovered $21 trillion in unauthorized spending in the Department of Defense and Housing and Urban Development from 1998 to 2015. Skidmore got involved after Fitz referred to a report indicating the Army had $6.5 trillion in unsupported adjustments in fiscal year 2015. Skidmore and Fitz investigated and found documents indicating $21 trillion in undocumented adjustments from 1998 to 2015. Fitz and her team estimated about 170 underground bases exist in the US and under the ocean, connected by a transportation network. Fitz claimed the purpose is for a near extinction event or secret activities.

Total feedback matched the Skidmore survey, indicating a concerning trend towards population reduction. Skidmore previously highlighted $21 trillion missing from the federal government, which sparked my collaboration with him in 2017. He often questioned why I persisted in exposing financial mismanagement and legal violations within the government. I explained that the Treasury was being misused to siphon funds from retirement accounts, leading to a potential solution of lowering life expectancy to balance the budget. When COVID injections emerged, Skidmore demonstrated that life expectancy was indeed declining. Notably, the Department of Defense, responsible for Operation Warp Speed and the COVID rollout, was also linked to the missing funds, suggesting a troubling connection between financial mismanagement and public health outcomes.

Catherine Austin Fitz discusses the United States’ “missing money.” She cites that by 2015 there was “$21,000,000,000,000” missing, with the debt rising to “$37,000,000,000,000” and “undisclosed liabilities.” She explains the mechanism: money borrowed from pension funds and “disappears out the back door” through the New York Fed, the BIS, and private banks. She references the “Federal Accounting Standards Advisory Board statement 56” and says “we can keep secret books,” noting that “the books went dark” after 2015. She describes a “breakaway civilization” funding “underground bases” via a “public private partnership” with Palantir, DHS, ICE, and HHS, creating “biometric surveillance of the entire population” and a “ring doorbell” surveillance network. She portrays a “public private criminal syndicate” and a “tapeworm economy,” asking “Who is mister global?” They discuss health concerns (including “turbo cancers” and rising mortality) and spiritual dimensions: “angels and demons” and “interdimensional intelligence.”

I'm nearly convinced that our entire national debt of $36 trillion is due to fraud, abuse, and waste. A staggering $2.7 trillion was improperly sent overseas as Medicare and Medicaid payments. How is this even possible? Is there any part of our government that isn't defrauding the American people? We've barely scratched the surface of this audit, and it already seems the answer is no. It feels like every branch of government has been robbing Americans blind while we struggle to make ends meet. People are still freezing. I want to see arrests, and I want the names of those responsible revealed.

Speaker 0 argues that Elon’s estimate of 20% of federal spending being part of a fraud camp could be higher, and when including state and local spending, the accounting suggests a sizable percentage of overall GDP is effectively theft through government agencies or checks. He predicts a “great uncovering” in 2026, with trillions of dollars of this behavior across the economy, and notes that on the other side, nothing will happen because the cost will be so significant it will feel like staring into the abyss. Speaker 1 asks how to differentiate between legal theft and illegal theft, noting that Somali daycares’ actions were outright fraud and illegal, while Stacey Abrams’s NGO receiving $2,000,000,000 late in the Biden administration is technically legal but clearly a different kind of theft and fraud. Speaker 0 responds with a test: “Would you throw up in your mouth when you heard the news? That’s the test. If you don’t pass the common sense vomit in the mouth test, it doesn’t matter whether it’s legal or illegal. It’s up. And you’ll realize that pretty quickly.”

Speaker 0, speaking in March 2024, argues for “deflating” the system. The core claim is that there exists a fake controlled opposition: illiterion puppets posing as opponents on each side, but in reality both sides serve the same agenda of totalitarian control and the controlling illiterion masters. The purpose of deflating, according to this view, is to prevent the fake opposition from being bribed or blackmailed, which would otherwise keep control of the narrative and shape of public perception. The speaker contends that in these large-scale systems there is no real democratic choice and there never will be. The proposed solution is to deflate the parasitic system. The transcript then references David Icke and a claim about Donald Trump: “David Icke, Trump doubles down on support for COVID fake vaccines and boosters despite outcry from conservatives.” The speaker questions Trump supporters, stating that “He was a fraud all along as I have said since 2016 and he has been leading you to glorious failure for the masters that own him. No politician is going to get us out of this. We have to do it.” This presents the position that Trump’s stance on vaccines is used to illustrate a broader pattern of manipulation by a so-called masters’ system, implying that political leaders are not the solution and that collective action is necessary outside the conventional political framework. The transcript also includes a claim attributed to Catherine Austin Fitz: “Trump put $10 billion dollars into a program to depopulate The US.” This assertion is presented as a sourced claim, accompanied by a prompt to like and follow and a source referenced as tumia.org. The overall narrative ties these points together to argue that both mainstream politics and alleged hidden forces operate to maintain control, and that true change requires deflating the parasitic system rather than relying on political figures or conventional democratic processes.

People are losing security clearances and government contracts, but this is not enough. Dr. Fauci is responsible for the death of millions, and merely losing his job is insufficient. USAID is funding a radical Marxist agenda globally, and business loans are being given to children. Social Security and Medicare payments are being sent overseas and to dead people, including 50-year-olds. No one has been held accountable for any of this.

Speaker 0 presents a sequence of large-scale financial figures: - From 1998 to 2015, undocumentable adjustments at DOD and HUD amount to 21 trillion. - Bailouts between 2008 and 2012 amount to 29 trillion. - Adding 21 trillion and 29 trillion yields 50 trillion. - Going direct injections after the going direct reset began in 2019 during the pandemic amount to another 5 trillion, bringing the total to 55 trillion, not counting quantitative easing. - He concludes, “we don't have a financial problem. We have a bank robbery.” - He notes that in the annual wrap-up, a new chart was created and released on social media showing the numbers.

I recount a meeting I had with a board at Safeguard Scientifics, where a firm co-located with them had a board member present. I demonstrated what was possible if we reengineered the government money, arguing there was enormous opportunity to build vast financial equity gains and capital gains, and that pension funds could profit by reengineering how the federal budget worked to create a more productive economy. The president of the largest pension fund in the country attended and told me, “you don’t understand.” He explained that this is what they had tried to do when he was younger, working with a group of activists, and they were able to stop them. I naively said, “you didn’t have the Internet. You couldn’t get the learning speeds up locally high enough to jump the curve.” He froze, looked at me, and said, “you don’t understand. It’s too late.” I asked, “what do you mean it’s too late?” He replied, “it’s too late. They’ve given up on the country and they’re gonna move all the money out of the country starting in the fall.” He said, “you’ve got to get to Nick Brady.” Brady had been the chairman of the firm I was a partner at on Wall Street and later became secretary of the treasury in the first Bush administration, known as a leader in how the financial system runs. So the instruction was to get to Nick Brady. I thought the message meant we had been directed to reallocate equity in the pension funds to emerging market investments, which made sense because growth rates in Asia and emerging markets exceeded those in mature economies. But then, at the outset, he mentioned “they’re moving all the money out starting the fall.” That fall marked the beginning of fiscal 1998, when enormous amounts of money began disappearing from my old agencies, HUD and the Department of Defense. What I later came to believe, and we have a website dedicated to presenting documents and analysis on this, is missingmoney.salaire.com. I realized that what he was referring to was a financial coup—an attempt to end the system where bankers controlled monetary policy while the people’s representatives controlled fiscal policy, and instead move to a process in which bankers controlled both. Rather than pursuing new legislation, they would leverage debt, issue vast debt, and siphon money out the back door, effectively conducting a financial coup d’etat, which is what I think has happened.

The speaker claims globalization was a deliberate effort to hollow out the Western middle class, devastate its culture and food supply, centralize capital for space exploration, and control a coming financial reset. In the 1990s, while working as a financial advisor for HUD, the speaker discovered intentional efforts to increase mortgage fraud, which they describe as a public-private partnership between the New York Fed and the federal government. They were told that "they've given up on the country" and were moving money out. The speaker alleges that trillions of dollars went missing from the US government, specifically DOD and HUD. The speaker believes the Patriot Act facilitated the movement of money into black budgets. They identify the Bank of International Settlements (BIS) in Basel, Switzerland, as an entity with sovereign immunity that can secretly move and hold money. The speaker suggests space exploration is driven by resource acquisition, satellite-based control grids, and concerns about geophysical risks and near extinction events. They also claim that a network of underground bases and transportation systems has been built in the US and worldwide, possibly as shelters for such events or to conceal activities like a secret space program.

In 1994, the New York Fed and the Federal Reserve bought shares in the Bank of International Settlements (BIS). The BIS is described as the central bank of central banks in Sweden/Switzerland, said to operate above the law, with sovereign immunity, the ability to receive and hold money secretly, and to keep money on its balance sheet secretly. The Fed’s purchase allegedly made their relationship with the BIS closer. In 1995, a budget deal “crashed and burned,” and in October there was a claim from the president of the largest pension fund that “they, whoever they are, have given up on the country and moving all the money out starting in the fall.” It was around October 1997 that money purportedly began to go missing from HUD and the Department of Defense. The speaker asserts that from 1998 to 2015, $20,000,000,000,000 was missing from COD and $1,000,000,000,000 missing from HUD. With money going missing, the speaker describes the onset of the “great poisoning.” The argument continues that the next month after the budget deal collapse, OxyContin was approved, HUD predatory lending began, pill mills started, and targeting of low-income neighborhoods intensified, with roundups from the private prison movement. The speaker notes undocumentable adjustments rising sharply. By 09:11, the speaker claims, a reporter had been covering missing money and a large spread was planned for Insight magazine about $3,300,000,000,000 missing, demanding accountability and identifying which private corporations and banks ran the payment systems. The story was expected to run on 09/15/2001. On 09/10/2001, Donald Rumsfeld held a press conference at the Department of Defense stating that the DoD was missing $2.3 trillion (or $3 trillion, depending on version). The next day, 9/11 occurred. James Corbett later released a video, “Nine Eleven Trillions,” describing how offices blown up at the Pentagon and World Trade Center related to securities and financial operations connected to the missing money. The speaker asserts that the Pentagon office blown up housed the Office of Naval Intelligence Research Group investigating the missing money. The Patriot Act followed, DoD received large appropriations, and attention to missing money diminished. Fast forward to 2015, the financials allegedly showed the greatest missing money in one year: the DoD was missing $6.5 trillion in that year. Dr. Mark Skidmore, a budgeting expert at Michigan State University, investigated, and, after reviewing DoD financials, confirmed substantial undocumentable adjustments. He contacted the speaker to help conduct a complete survey of all financial statements from fiscal 1997 to 2015. The survey yielded figures increasing from $12 trillion to $21 trillion missing. When Skidmore published his 2017 report (at missingmoney.solari.com), it was found that the amount missing from the U.S. Treasury matched the total outstanding debt of the United States on the books—$21 trillion. Authorities reportedly pressed the DoD to produce audited financial statements; DoD refused. The Kavanaugh hearings are cited as the moment when the Federal Accounting Standards Advisory Board (FASB) Statement 56 was issued, allowing the government to keep books secret as a matter of administrative policy, extending to private companies and banks doing business with the government. The result, according to the speaker, is that much of the disclosure in the U.S. securities market is meaningless due to government secrecy. The speaker notes that COVID-19 operations could not have happened without FASB 56, claiming it enabled access to unlimited secret money. A quoted anecdote is that one month after FASB 56 passed, Moderna reportedly raised $500,000,000.

The speaker argues that central banks should not be given more power, asserting that the answer is a resounding no. They claim that the high inflation beginning in 2021 was created by central banks, regardless of any explanations about wars, and assert that the economics are clear. The speaker states they could forecast from May 2020 onwards that eighteen months later there would be significant inflation because the money creation was “massive off the charts.” They allege that central banks “imposed a fake pandemic,” referencing a conspiracy-like claim about a manufactured crisis. The speaker asserts that people such as Jeffrey Epstein are part of this narrative and that Epstein, in public records, was involved as early as 2017 in “setting up the scheme of this great pandemic for some investors to make a fortune,” naming Bill Gates as an example. The statement continues, claiming that “we can also make money injecting people with stuff and solve the problem” as discussed by Epstein and Bill Gates, and characterizes this as a matter of public record about how to “get rid of the poor people.” Finally, the speaker contends that this was used “at the same time to push digital ID.”