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Official: America built a $21 trillion underground city for rich and powerful

A former housing official who worked under President George H. W. Bush has made an astonishing claim the US government spent years funnelling 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 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 he and a team of scholars had uncovered $21 trillion in “unauthorised spending in the departments of Defense and Housing and Urban Development for the years 1998-2015”.

At the time, Skidmore noted 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 authorised by Congress. Typically, such adjustments in public budgets are only a small fraction of authorised spending,” the report noted.

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