In a conversation that continues to spark intrigue and speculation, former Assistant Secretary of Housing and Urban Development Catherine Austin Fitts made explosive claims to Tucker Carlson regarding the possibility of a secret underground city, built using trillions of unaccounted-for dollars. According to Fitts, this construction was planned for a “near extinction event,” and the groundwork was laid during the George W. Bush administration. Her allegations raise questions about missing funds, shadow government infrastructure, and even the mystery of the gold reportedly missing from beneath the World Trade Center after 9/11.
Fitts’ Allegation: A Hidden City for the Elite?
Fitts has long maintained that vast sums of U.S. government funds—into the trillions—have effectively vanished over the past several decades. In interviews and publications, she suggests that this money is not simply lost or mismanaged but has been siphoned off into black budget projects, including possibly the construction of underground facilities designed to protect a small segment of the population in the event of global catastrophe.
In her interview with Carlson, she asserted that preparations for such a future scenario—nuclear war, biowarfare, or environmental collapse—have already been made in secret. “It’s not that they’re planning something,” she said, “it’s that they’ve built something. Underground. Out of sight. Out of reach.”
The Timeline: Bush-Era Budget Black Holes
Fitts points to the early 2000s—specifically during and after the Bush administration—as the period when massive financial discrepancies began to intensify. This lines up with a now-infamous 2001 announcement from then-Secretary of Defense Donald Rumsfeld, who stated on September 10, 2001, that $2.3 trillion in Pentagon transactions could not be accounted for.
That figure was never resolved and was quickly overshadowed by the events of 9/11 the following day.
Coincidentally or not, the Office of Naval Intelligence, which was actively investigating the missing funds, was housed in a section of the Pentagon that was destroyed in the attack.
The World Trade Center Gold: A Missing Link?
Adding another layer to the mystery is the long-standing rumor that $160 billion in gold bullion was stored beneath the World Trade Center. Though much of it was reportedly recovered, about several hundred million dollars’ worth remains unaccounted for. This has led some researchers and conspiracy theorists to speculate that 9/11 may have been exploited—or engineered—partially to cover the disappearance of assets, or to facilitate their removal under chaos.
Fitts, while cautious not to directly accuse, has openly speculated that some of these missing resources—including precious metals—may have been diverted to help finance off-ledger infrastructure projects such as underground facilities. “If you’re preparing for continuity of government—or the continuity of some group’s power structure—you don’t just need bunkers. You need resources, tech, and hard assets underground,” she has said.
Speculation on the Source of the Trillions
Several possible sources have been suggested for the financing of this alleged deep infrastructure:
- Black Budget Programs: The Department of Defense and intelligence agencies have long been known to operate off-the-books projects under “black budgets.” Some researchers estimate these now total over $50 billion annually, though actual figures are likely much higher.
- Quantitative Easing and Federal Reserve Mechanisms: The 2008 financial crisis allowed for extraordinary monetary policy measures. Some argue that these mechanisms created opportunities to re-route funds through shell entities, offshore accounts, or fake bond issuance.
- Plundered Assets and Fraudulent Accounting: Fitts has emphasized systemic mortgage fraud (e.g., during the housing crisis) and other forms of financial engineering as mechanisms for siphoning off value.
- Hidden Gold and Precious Resources: The notion that missing gold (like that rumored to have vanished on 9/11) might have been quietly melted down or repurposed into private reserves adds a more tangible layer to the theory.
Underground Cities: Fiction or Frightening Fact?
While talk of underground cities sounds like the stuff of science fiction, there is precedent. The U.S. government has publicly acknowledged sites like Cheyenne Mountain Complex, Raven Rock, and Mount Weather—deep underground military bases (DUMBs) designed for continuity of government. However, these are presumed to be limited in size and not intended for large-scale civilian habitation.
Fitts and others imply something much broader: a shadow civilization being quietly built, not for everyone, but for a chosen few.
Conclusion
Catherine Austin Fitts’ claims offer a chilling, if speculative, view into what may lie beneath the surface—literally and financially—of our modern world. Whether the idea of a covert underground city built to weather an extinction-level event is fact or fantasy remains to be conclusively proven. Still, in light of trillions in unaccounted funds, gold that disappeared under suspicious circumstances, and decades of opaque government programs, the questions she raises continue to resonate with those seeking answers beyond official narratives.
Would you like a sourced timeline or map of the financial discrepancies Fitts references?