Bush official claims US built secret $21T underground ‘city’ for rich and powerful to live if ‘near-extinction event’ happens
By Realtor.com
Published May 5, 2025, 10:37 a.m. ET
A former housing official who worked under President George H. W. Bush has made an astonishing claim that the U.S. government spent years funneling money into the creation of a secret underground “city” where the rich and powerful can shelter in the event of a “near-extinction event.”
Catherine Austin Fitts, who served as the assistant secretary of Housing and Urban Development for Housing between 1989 and 1990, made the shocking allegations during an appearance on former Fox News host Tucker Carlson’s podcast, although there is no concrete evidence to support her claims.
Fitts, 74, who is originally from Philadelphia, cited research by Michigan State University economist Mark Skidmore, who released a report in 2017 stating that he and a team of scholars had uncovered $21 trillion in “unauthorized spending in the departments of Defense and Housing and Urban Development for the years 1998-2015.”
At the time, Skidmore noted that he first began investigating the unreported spending after he heard Fitts “refer to a report which indicated the Army had $6.5 trillion in unsupported adjustments, or spending, in fiscal 2015.”
“Given the Army’s $122 billion budget, that meant unsupported adjustments were 54 times spending authorized by Congress. Typically, such adjustments in public budgets are only a small fraction of authorized spending,” the report noted.
more
https://nypost.com/2025/05/05/real-estate/bush-housing-official-claims-us-built-21t-city-for-rich-and-powerful-to-live-in-near-extinction-event/
