Catherine Austin Fitts with Whitney Webb

I have been following Catherine Austin Fitts off and on for many years once I became fully convinced she was “the real deal.” Her extensive “insider” background status at the top echelon of one of Wall Street’s most prominent and politically connected investment banks, and her sub cabinet stint at HUD during the George H W Bush regime, demonstrated she was being groomed for a seat within elite power brokers. (She served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration.)

Too many LRC readers may not be aware the seminal importance of Dillon, Read & Co. Inc. to the power elite.

C. Wright Mills observed in his pioneering work, The Power Elite, that “During the Democratic era, one link between private corporate organizations and governmental institutions was the investment house of Dillon, Read.”

Here are four crucial examples.

Paul Nitze, served as United States Deputy Secretary of Defense, U.S. Secretary of the Navy, and Director of Policy Planning for the U.S. State Department. He is best known for being the principal author of NSC 68 and the co-founder of Team B. He helped shape Cold War defense policy over the course of numerous presidential administrations.

James Forrestal, was president of Dillon, Read & Co. Inc. who later became the first Secretary of Defense under Harry Truman. He was assassinated by his enemies. 

C. Douglas Dillion became vice-president and director of the firm that bore his father’s name (Clarence Dillon). Dillon became an American diplomat and politician, who served as U.S. Ambassador to France (1953–1957) and as the 57th Secretary of the Treasury (1961–1965) in both the Kennedy and Johnson administrations. He was also a member of the Executive Committee of the National Security Council (ExComm) during the Cuban Missile Crisis. He later served as chairman of the Rockefeller Foundation, was president of the Harvard board of overseers, chairman of the Brookings Institution and vice-chairman of the Council on Foreign Relations.

Nicolas F. Brady, was a former chairman of the Board of Dillon Read & Co. Inc. (1970–1988). He became United States Secretary of the Treasury under Presidents Ronald Reagan and George H. W. Bush. He was a member of the Council on Foreign Relations, Inc. and a member of the Steering Committee of the Bilderberg Group.

But Catherine Austin Fitts soon found out “where the bodies were buried,” particularly the nexus of the global narcotics traffic, money laundering, and the deep state. Further deep probing led to investigations of the missing trillions of federal funds put an even bigger target upon her back.


1:00 am on October 22, 2021