Catherine Austin Fitts on the Clarity Act, mass asset tokenization:
"Bank of Int'l Settlements...[is] making an inventory of all the assets in the world"
"[Depository Trust Company is] launching [a]...ledger... to trade everything with tokens"
"this is moving... very quickly"
This clip of Catherine Austin Fitts, a former Assistant Secretary of Housing and Urban Development, investment banker, and founder of the Solari Report (@solari_the), is taken from a discussion with Alix Mayer (@alixm) posted to YouTube on June 3, 2026.
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"Right now we have Congress negotiating the Clarity Act. And the Clarity Act describes digital tokens. And what we know is that Wall Street and the banking system want to use digital tokens to trade all the other assets, both real assets like your house or your stocks and bonds, your financial assets.
"And what they've said is they want to move all the stocks and bonds in the world onto a distributive ledger, which, which gives them then the ability to make it programmable.
"And, the Bank of International Settlements, which has been running the process on central bank digital currency, has announced it's making an inventory of all the assets in the world.
"So the desk over here is in the BIS inventory, so all assets in the world, and they want to be able to trade all assets with a digital token. I heard one, one of the creepiest things I've ever heard was a software developer bragging about how cool this was because you could go to the grocery store and pay for your groceries with 0.01% of your house equity.
"So here's what's very confusing. If you, if you look at the debate about the Clarity Act, it's still not clear to me exactly how this, how they're proposing the system is going to work. And if you read all the different sort of things that can be found on what they're proposing, I think it's still very fluid.
"So you just need to remember now, DTC is basically the archive of who owns what stock and bonds. And it runs that process for $114 trillion of stocks and bonds. DTC has just announced, even though the Clarity Act hasn't finalized yet, that they are planning on moving everything.
"They're launching their distributed ledger system to trade everything with tokens, along with 50 major financial institutions. So this is moving very, very quickly. And Washington right now is in deep debate about the details of how this is going to work. And I'm delighted to talk about all of that.
"But what is important for people listening to know is the financial system is moving quickly to institute an all digital financial system, which is no longer going to be a financial system as we know it. It's a control system. It's a technocratic control system.
"What we need to know is, okay, well, what do I do? And what you do is you do everything to slow them down or stop them. Because this is a vision that we, if the bankers control fiscal policy, that is the end of taxation with representation. That is taxation without representation. That is the end of the Constitution as a practical matter."
Remember when we explained that utility assets won’t appreciate in value until the institutions begin utilizing it’s technology? We’re here now. So, while majority of the space is bearish. I’M NOT !!