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Catherine Austin Fitz testifies before the District Court of Northern Netherlands, stating she is the publisher of the Saleri Report and former partner and board member of Dylann Reid, with prior role as assistant secretary of housing in the first Bush administration. She asserts that the pandemic represented an egregious misuse of healthcare policy to advance economic and political agendas, and she aims to explain the history behind this belief. She describes herself as an expert on the United States federal credit, federal budget, and financial mechanisms, and directs readers to missingmoney.salari.com for information alleging that $21,000,000,000,000 has gone missing from the federal government.
Starting in 1998, Fitz says she became concerned that policy changes led to billions and then trillions of dollars disappearing from federal accounts. She cites a specific moment: the day before 9/11, Secretary of Defense Donald Rumsfeld announced that the Department of Defense was missing $2.3 trillion. She maintains that money continued to disappear, totaling $21 trillion by fiscal 2015. She recounts collaborating with Doctor Mark Skidmore of Michigan State University, who, after contacting her and reviewing federal financial statements, led his students to conduct a survey that increased political and governmental pressure to comply with financial management laws, particularly those requiring audited financial statements.
Fitz contends that from fiscal 1998 to 2015 the federal government refused to obey laws requiring audited financial statements. In 2018, she asserts, the Federal Accounting Standards Advisory Board issued Statement 56, an administrative policy enabling the federal government to authorize “secret books,” resulting in what she views as essentially no meaningful financial disclosure since then. She references extensive documentation at missingmoney.saliri.com. She argues that balancing the budget and funding retirement systems is critical, warning that without such balance, “the only way they can balance the books is by lowering life expectancy,” a trend she says began in the late 1990s.
Fitz recounts a 1997 meeting with leaders of top pension funds on her advisory board at Hamilton Securities Group, where she proposed reengineering federal finances to deliver wealth and sustain promised boomer-generation retirements. A CalPERS leader allegedly told her, “You don’t understand, it’s too late. They’ve given up on the country. They are moving all the money out starting in the fall.” She interprets a budget decision from 1995 as part of this shift and notes that, after deficits remained unresolved, policies were implemented to lower life expectancy in lower-income groups.
She connects these themes to the 1999–2019 Jackson Hole gatherings and a 2019 plan from the BlackRock Investment Institute, prepared by a group of retired central bankers called the Going Direct Reset. Fitz describes Going Direct as a shift to central bank actions that inject money directly into the system, bypassing traditional reserve channels and buying securities from nondepository institutions. Following the September actions after the Going Direct meeting and the pandemic’s onset, she estimates direct injections of $5–6 trillion, which she asserts would ordinarily cause inflation but were offset by deflationary pandemic effects from lockdowns, which consolidated economic activity among large firms and reduced Main Street vitality. She cites that 35% of small businesses in the U.S. closed, up to 49% in San Francisco, and claims the era created hundreds of new billionaires.
Fitz ties these events to a broader claim of a deliberate reengineering of government and society through health policy used to achieve economic and political ends, supported by misinformation. She urges the court to scrutinize the case for misuse of medical and scientific claims and to uphold the rule of law, arguing that the current trajectory harms populations in Europe and the United States.