"95% OF 
WHAT PEOPLE ARE REPORTING AS EXTRATERRESTRIAL UFO'S, ARE IN POINT OF FACT OUR 
OWN DEEP BLACK MILITARY AEROSPACE VEHICLES" - Michael 
Schratt
"WE ARE 
LOOKING AT A FINANCIAL SYSTEM THAT MAKES NO SENSE IF YOU LEAVE OUT THIS HIDDEN 
SYSTEM OF FINANCE AND THE UFO." - Joseph P 
Farrell
"THIS 
SECRET CAN’T LAST FOREVER, TRANSFORMATION OF OUR SOCIETY WILL MOVE US INTO A 
COMPLETELY DIFFERENT WORLD AND THIS WILL RESULT IN THE ACKNOWLEDGEMENT OF THE 
UFO REALITY." - Richard 
Dolan
“THERE IS 
NOTHING UGLY ABOUT WINNING, WHEN VICTORY MEANS LIBERATION FROM THE FORCES WHO 
WOULD HOLD US IN SUBCONSCIOUS SLAVERY. WINNING THEN IS A BEAUTIFUL THING." ~ 
Jon Rappoport 
“THE 
FUTURE IS CREATED BY THE PEOPLE WHO BUILD IT, NOT THE PEOPLE WHO PREDICT IT WILL 
NOT EXIST.” ~ Catherine Austin 
Fitts
See also: ? Red Ice 
Radio - Catherine Austin Fitts - Hour 1 - Secret Space Program & The Black 
Budget - YouTube  https://www.youtube.com/watch?
What's 
Up With The Black Budget? - The $64 Question  http://www.bibliotecapleyades.
What's Up With... 
The Black Budget? 
- The $64 question 
-
by 
Catherine Austin Fitts23 September 
2002
from 
Scoop Website
Catherine Austin Fitts is the President of 
Solari, Inc., a former Assistant Secretary of Housing – Federal Housing 
Commissioner in the first Bush Administration and a former partner and member of 
the board of Dillon, Read & Co. Inc and President of Hamilton Securities. 
She is a member of the advisory board of Sanders Research Associates http://www.sandersresearch.
"Engrave this upon my heart: 
There isn't anyone you couldn't love once you've heard their story." 
Mary Lou Kownacki
"What is relevant is what 
solves the problem. If we had thought through real relevancies, we would be on 
Sirius by now." Peter Medewar
It is 
time to deal with the 64 dollar question - the biggest crazy aunt in the living 
room.
The 
questions that need to be raised in any effort to find the truth about a 
significant event related to power and money in the US - and answered if we are 
to ever find the truth of how our world works - are:
WHAT HAS BEEN THE SIZE OF THE U. S. BLACK BUDGET OVER THE LAST 50 YEARS?
WHAT ARE THE SOURCES AND USES OF FUNDS IN THE BLACK BUDGET?
WHO GOVERNS AND MANAGES THE BLACK BUDGET AND OPERATIONS?
WHY HAVE SO MANY DECENT PEOPLE SUPPORTED AN ILLEGAL BLACK BUDGET OPERATION OF SUCH MAGNITUDE FOR SO LONG?
IS THE WAR ON TERRORISM MOVING THE BLACK BUDGET ON BUDGET?
I do not 
know the answer to these questions. What I do know is that asking these 
questions brings up a whole pile of challenging uncertainty. 
(For 
background on my experience dealing with black budget/slush fund operations at 
FHA and Ginnie Mae at the Department of Housing and Urban Development - 
HUD - Justice, Treasury and the New York Federal Reserve Bank, see my article, 
"The Myth of the Rule of Law.")
When 
dealing with challenging uncertainty, I find that many researchers simply delete 
the existence of such uncertainty from their reality. That is a big mistake - 
again pretending that we do not have a very big crazy aunt sitting in the living 
room. 
George 
Orwell once said that,
"Omission is the greatest lie."
Hence, 
our crazy aunt has to be dealt with.
If you 
listen to the Ferdinand video/audio depositions 
in the Carone/Tyree lawsuit, what you will hear is something I have heard many 
times. 
Carone 
Ferdinand gives his family the sense of all of the organized crime 
operations by CIA, Army and Mafia through the 1970's as legitimate for national 
security purposes that then got out of hand and turned bad in the 1980's. 
That is, 
what started out as justifiable got out of hand. 
This begs 
the question,
Why Were Such Activities Considered Justifiable?
The way 
to deal with uncertainty is with scenario design and probability - i.e. to 
create a framework of the possible explanations with your best estimate of the 
plausible scenarios and the probability (all adding up to 100%) of each one 
being true based on intuition. 
Maintaining such a framework allows data collection on key variables 
and assumptions and an evolution to occur that can enlighten - even determine - 
concrete questions and answers over time.
So, let 
me tell a story, give you my framework that I use to handle the fact that I do 
not have the answers and invite your framework. 
I am not 
looking to hear only what is wrong with my framework. I am looking to improve 
mine or find a better one. Or better inform my estimate of the probabilities 
that this one or that one is true. Hence, I invite you to put forward your 
framework for managing this uncertainty. If we had the truth of the issue I am 
going to introduce, I dare say we could get to the bottom of 9-11 
faster.
In 1998, 
I was approached by John Peterson, head of the Arlington Institute, a 
small high quality military think tank in Washington, DC. I had gotten to know 
John through Global Business Network and had been impressed by his intelligence, 
effectiveness and compassion. John asked me to help him with a high level 
strategic plan Arlington was planning to undertake for the Undersecretary of the 
Navy.
At the 
time I was the target of an intense smear campaign that would lead the normal 
person to assume that I would be in jail shortly or worse. John explained that 
the Navy understood that it was all politics - they did not care.
I met 
with a group of high level people in the military, in the process - including 
the Undersecretary. According to John, the purpose of the plan - discussed in 
front of several military or retired military officers and former government 
officials - was to help the Navy adjust their operations for a world in which it 
was commonly known that aliens exist and live among us.
When John 
explained this purpose to me, I explained that I did not know that aliens existed and lived among us. 
John asked me if I would like to meet some aliens. For the only time in my life, 
I declined an opportunity to learn about something important.
I was 
concerned that my efforts with Arlington could boomerang and be connected with 
the smear campaign and the effects that I was managing. I regret that decision. 
At John's suggestion I started to read books on the topic and read about 25 
books over the next year on the alien question, the black budget, and alien technology.
I had to 
drop from the project due to the need to attend to litigation and the physical 
harassment and surveillance of me and some of the people helping me. 
This 
process - which turned out to be incredibly time consuming - I now believe was 
connected with the black budget/slush fund activities connected with FHA and 
Ginnie Mae at HUD. (See, "The Myth of the Rule of Law") John then asked me if I 
would join the board of the Arlington Institute.
When I 
attended one of my first meetings, I joined in discussion with about 10 people 
which included James Woolsey, former head of the CIA in the Clinton 
Administration, Napier Collyns, founder of Global Business Network and 
former senior Shell executive, Joe Firmage, and other members of the 
Arlington board. 
The main 
topic of discussion was whether or not the major project for the coming year 
should be a white paper on how to help the American people adjust to aliens 
existing and living among us. 
I said 
nothing - just listened. Not that long after, I dropped from the board due to 
the continued demands related to litigation with the Department of Justice and 
their informant.
To cut a 
series of additional long stories short, when I talk with my few sources from 
the military and intelligence community, I hear the same themes:
Aliens exist and live among us;
In part for this reason as well the accumulated investment over the last 50 years, the technology we have access to through the black budget is far more advanced than is commonly understood;
The black budget/slush fund construct was created to deal with this issue, which is why reasonable people thought selling drugs to the children who were US citizens was the better of several options - including the option of telling the American public the truth and funding the expenses on budget.
As a 
result of these experiences, here is my framework for dealing with this very 
large pile of uncertainty.
ONE OF THE THREE FOLLOWING POSSIBLE SCENARIOS MUST BE 
TRUE
SCENARIO #1. ENTRE NOUS: The alien question is the single largest and most expensive disinformation campaign in the history of our race.A portion of the human race has advanced technologically so far beyond the rest of us - and is attributing various things to aliens as a way of managing their resulting risk - that we have become as aliens to each other.To fully understand this scenario, we need to try to understand the use of individual mind control such as criminal hypnosis to effect financial and government fraud and corruption and the truth, whatever it is, of wider subliminal programming and brainwashing. These are slippery subjects for most people to deal with, unless they have the training and ability to do so.% PROBABILITY SCENARIO #1 IS TRUE ______ (You fill in)
SCENARIO #2 - HOLY COW!: Aliens exist and live among us. Planet earth is subject to the politics, economics and laws and/or lawlessness of a larger system or systems.The transfer of advanced technology into a society that has not evolved governance and legal systems to manage a world with the presence of such technology and the influence of such other system(s) helps to explain current events.To fully understand this scenario, we must also try to understand the use of individual mind control such as criminal hypnosis to effect financial and government fraud and corruption and the truth, whatever it is, of wide subliminal programming and brainwashing.Again, these are slippery subjects for most people to deal with, unless they have the training and ability to do so.% PROBABILITY SCENARIO #2 IS TRUE ______ (You fill in)
SCENARIO #3 - MUDDLED: Some combination of (1) and (2) above.% PROBABILITY SCENARIO #3 IS TRUE ______ (You fill in)TOTAL % PROBABILITY OF SCENARIOS #1, 2 & 3 BEING TRUE 100%
Could my 
experiences with Arlington and the Navy or any subsequent contacts fit with a 
disinformation scenario? Absolutely. 
I have no 
evidence to support any scenario. The only evidence I believe I have is my 
experience dealing with tremendous amounts of money siphoned off over the years, 
whether through Iran-Contra S&L, HUD and BCCI fraud, or the latest round of 
money missing from the federal government in the last five years. 
This is 
all documented in the articles below. This cash 
flow and the operations and syndicates it appears to fund are important to what 
drives the governance and allocation of resources in this country and around the 
globe. 
There is 
a reason that power and money are centralizing and the rich are getting richer. 
I want to know what it is.
Whichever 
scenario is true  - and I do not know which one is  - if we had the 
truth it will help us grapple with 9-11 and the War on Terrorism. It would also 
help us better understand all the efforts to press for centralization of 
economic and political power that have grown as the black budget has grown since 
WWII. The reality is the possibilities of why 9-11 occurred and how it was 
operationalized are impacted by the facts of the US black budget and the 
advanced technology it has developed. 
Why would 
sane and even decent people think it was the best option for the good of the 
whole? We must sit in the shoes of the person or people who gave the order - 
whoever they may be and wherever they may be - and understand how their power 
and money worked. 
Why would 
a group with the operational and financial capacity to effect a 9-11 operation 
give the green light to plan 9-11, finance 9-11, do 9-11, stand down so 9-11 
could happen, take advantage of 9-11 or to make sure the truth was not 
illuminated? My experience in Washington and Wall Street would indicate that 
there is a reasonable chance that all these various people and many in the food 
chain Are Not Bad Or Irrational People. 
That is, 
we have a better chance of finding the truth if for purposes of our explorations 
we assume that the people involved in all these roles were people like you and 
me - just with a different map of certain parts of the world and dealing with a 
variety of stress and pressures trying to build cooperation or achieve goals 
that we do not understand.
Watching 
the federal government contract announcements and without benefit of seeing the 
full budget and assuming The Disclosure Project allegations 
regarding the estimates of the black budget size, if I had to guess today my 
guess would be that 9-11 has been highly successful in permitting the black 
budget to be moved on budget, partly in the normal budget and partly in the 
budget that is only disclosed to the Congressional intelligence 
committees.
The 
solution to continued growth and funding of the black budget may have been to 
steal as much money and assets as possible from the federal budget and then to 
move the black budget on budget when control of media, Congress, Justice and 
Securities & Exchange Commission ensured that the legal budget was 
non-transparent, controlled by private government contractors and could not be 
harmed or fiddled with by Congress. 
(See various stories on the 
disappearance of over $3.3 trillion from the federal government from fiscal 
1998-2001) 
Grossly 
oversimplified, by the end of the 2004 fiscal year, covert operations and the 
black budget may be fully legal, run and controlled by corporations and banks 
without interference from knowledgeable career civil service, taxpayer funded, 
and non-transparent.
Why do I 
say all of this? 
We do not 
have time to pay attention to people who use smears like "conspiracy theorist" 
to waste our time. Money, budgets, finance... these are all facts. If something 
does not work, and it continues to not work, there is a reason. 
Systems 
have a logic. They have a rationale. Money helps explain and illuminate that 
rationale. Anyone who would smear a serious researcher or writer for trying to 
understand where a great deal of money is disappearing to as a "conspiracy 
theorist" is someone who would never be taken seriously or associated with in 
the circles in which I travel. 
The 
exception is if the person doing the smearing is a professional being paid to 
smear those who have the scent of "the real deal" - Cointelpro or related public 
relations. The number of people paid to do such things are many and 
growing.
9-11 was an operation that was implemented by 
a conspiracy. To get to the bottom of what happened and why one must 
develop and use conspiracy theories to research in what can only be described as 
a conspiracy reality. 
We know 
in regards to 9-11 one of two scenarios must be true - some portion of the US 
military and intelligence are,
complicit and/or
guilty of criminal gross negligence
We also 
know that the official story is not truthful. Either scenario and the reality of 
the official story beg the question, "why?" 
This 
course always leads us to consider the fact that US military and intelligence 
have enjoyed significant expansion of their budgets and powers as a result of 
9-11. We are rewarding failure. 9-11 was great for business. Lockheed Martin's 
stock is up over 50% in a falling stock market. The oil companies have their 
pipeline.
When a 
system does not work and continues to not work, there is something that prevents 
its learning. 
Ultimately what we must understand [is] that the problem is not that 
the system does not work and that it is not learning. The problem is that the 
system is controlled and operated by the most powerful forces in that system and 
that the system is indeed working and learning in the general direction they 
want it to go. 
This 
happens in a manner that is highly organic and requires lots of planning, trial 
and error and factionalism that involves competition and cooperation over time 
in the pursuit of the system's real goals. Hence, the system is working and is 
learning. It is our construct that is wrong. We do not understand the system and 
the goals of the system. 
Once we 
are clear that the system is working and is learning, once we stop falling back 
on scapegoating as a technique to explain events, we can start to understand the 
real system that we are a part of. This is how power and money work in 
reality.
The 
amount of money and power spent to keep the general population from 
understanding this - and focused on things like scapegoating, which keep us from 
building a good map of "the real deal" or gaining the power to impact events by 
using our money and time as a vote in the marketplace in which the banks and 
corporations must thrive - is immense. 
That is 
why I strongly encourage reading Jon Rappoport's back interviews on his 
Infomonster and becoming a subscriber for his ongoing interviews.
For those 
[that] would like to know more, I would refer you to articles on all the money 
missing from the US Treasury and the manipulation of the gold markets as well as 
the Disclosure Project video of their event at the 
National Press Club.  
As for 
me, I do not have the answers. I wish I did. 
That is 
why I am so appreciative of efforts like UnAnswered Questions and the effort of researchers 
networking and collaborating globally to illuminate, research and answer the 
right questions.
Let me 
close with the unanswered questions with which I began and which I believe are 
critical to our ongoing collaboration:
WHAT HAS BEEN THE SIZE OF THE U. S. BLACK BUDGET OVER THE LAST 50 YEARS?
WHAT ARE THE SOURCES AND USES OF FUNDS IN THE BLACK BUDGET?
WHO GOVERNS AND MANAGES THE BLACK BUDGET 'BUDGET' AND OPERATIONS?
WHY HAVE SO MANY DECENT PEOPLE SUPPORTED AN ILLEGAL BLACK BUDGET OPERATION OF SUCH MAGNITUDE, FOR SO LONG?
IS THE WAR ON TERRORISM MOVING THE BLACK BUDGET ON BUDGET?
 
 
 
  We haven't met yet!
We haven't met yet! 
 When I was a child I thought Nap Time was a punishment ... now, as a grown up, it just feels like a small vacation!
 When I was a child I thought Nap Time was a punishment ... now, as a grown up, it just feels like a small vacation!  The biggest lie I tell myself is ... "I don't need to write that down. I'll remember it."
 The biggest lie I tell myself is ... "I don't need to write that down. I'll remember it." 







 

