EDITORIAL
The Black Budget
By Catherine Austin Fitts - March 29, 2013

This week's Solari Story from Catherine Austin Fitts is titled "The Black Budget." Here's a bit of the transcript:

"If you want to understand how things got as sort of wacky as they've gotten, you really want to dip into and try and understand what the black budget is. And one of the first things I encourage people to do if they want to explore the black budget and what it means to our lives and the challenges if you're engineering the federal financing is to look at three things: One is the National Security Act of 1947, the second is the act that created the CIA in 1949 and then an executive order that was promulgated in 1980 when George Bush became vice president and through the vice presidency assumed responsibility for the National Security Council, the intelligence agencies and enforcement agencies.

What the '47 and '49 Act did in combination was allowed appropriations to be – congress would appropriate to an agency like HUD and then they could call money out of other agency budgets for the intelligence agencies on a non-transparent basis. And presumably, some of that money is overseen. It's not disclosed to citizenry so it's not in the budgets, it's not in the financial statements. It supposedly is disclosed to committees overseeing intelligence agencies in Congress. I'm skeptical as to what they see, how much they really see but supposedly they see some. …"

So what you did with the '47 and '49 Act was created an infrastructure that allowed money to be secretly channeled to secret and very, from a technology standpoint, unbelievably important, powerful projects on a non-transparent basis so there's no accountability. And one of the things I'll tell you as a former government regulator is without transparency, the shenanigans that go on – it is very hard to manage big pots of money without some kind of feedback and redundant transparency to kind of keep everybody in check. …"

Please click on the image to view the Solari video:

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