Catherine Fitts

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Catherine Austin Fitts is a former American investment banker and public official who served as United States Assistant Secretary of Housing and Urban Development (HUD) for Housing under President George H. W. Bush from 1989 to 1990. Born on December 24, 1950, in Philadelphia, Pennsylvania, she earned a BA in history from the University of Pennsylvania and an MBA from Wharton. She was the first woman promoted to managing director at Dillon, Read & Co., a major investment bank, in 1986.

Fitts is best known for her controversial claims about government financial misconduct. She has alleged widespread $21 trillion in unauthorized spending by the U.S. Department of Defense and HUD over a 17-year period, based on a 2017 report she co-authored with economist Mark Skidmore. She claims this money was funneled into secret programs, including the construction of 170 underground and undersea bunkers for elites, and that HUD's mission has been subverted to fund black-budget military and intelligence operations.

She is the founder of Solari Report, a platform where she promotes her views on financial transparency, government fraud, and systemic corruption. Her commentary has included claims of "massive fraud" in the 2020 U.S. election, "sterilization programs" via vaccines, and "depopulation" policies by the U.S. government. She has worked with figures like Robert F. Kennedy Jr. and appeared on Tucker Carlson’s podcast in 2025 to discuss these theories.

Fitts has also been a vocal critic of the Federal Reserve, the banking system, and the concept of central bank digital currencies. She has advised on financial strategies, including using silver and gold as payment, and has promoted alternative economic models.

While her claims have gained traction in alternative media, they are widely disputed by mainstream financial and political experts, and many lack verifiable evidence. Her past work at HUD and Hamilton Securities was investigated in the late 1990s, but no wrongdoing was found.

Her current activities include speaking engagements, writing, and contributing to the Solari Report, which continues to promote her views on financial reset, government accountability, and economic sovereignty.

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