Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 807 1. Introduction A fter many years of inquiries, I have committed to create an investment screen based on the Solari Model. I have worked on it intermittently during 2016, with plans to offer it in 2017. The creation of a Solari screen responds to sub- scriber, client, and colleague requests. Too often, an investor opens a statement, finds a stock he cannot live with, and calls to ask that it be sold. Or the investor worries that he or she owns stock in companies that will not successfully navigate the current environment. Hopefully, these risks can be reduced or avoided if investment advisors choose from a list of pre-screened companies. The investment community offers countless screening options – the field is crowded. Why create and maintain one more? In part the re- quest for a Solari Screen is in response to risks I cover in the Solari Report. This includes the risks created by: • Covert cash flows, the black budget, and machinations of the deeper state, including the enormous shift of G-7 capital through the “financial coup d’état” since 1997; • Changes underway as a result of new tech- nology and globalization, or what I and my colleagues on the Solari Report refer to as the shift from Global 2.0 to Global 3.0; and, • The end of the debt-financed growth model. A Solari Screen allows me to integrate these factors into an analysis and underwriting of individual companies, ideally in a manner that makes life easier for an investment advisor fo- cused on picking stocks and timing buys and sells in a manner essential to investment perfor- mance – something that a screen in and of itself does not do. Before I finalize my efforts, I want to look at the universe of screening. I also want to give Solari Report subscribers an overview of this aspect of the investment universe and share some thoughts about screening to help you navigate it. The Golden Rule, “do unto others as you would have them do unto you,” sounds great. How- ever, it breaks down quickly in highly centralized systems that sorely lack financial transparency, particularly for government and covert resources. We are all busily financing genocide and cruel treatment of each other with so much going on that is invisible. As the emperor Vespasian quipped regarding the Roman urine tax, “Pecunia non olet” or “Money has no smell.” Since John Wesley sermonized on the “Use of Money” to the Methodists in 1744, and the Quaker Philadelphia Yearly Meeting (my an- cestors, I would note) banned the financing of slavery in 1758, we have been grappling with a necessary financial appendix to the Golden Rule: “Finance unto others as you would have them finance unto you.” As invasive technology leads us into a culture that feels progressively more inhuman, it is worth thinking about how to extend the Golden Rule to the question of “from whom and what we profit.” How do we effectively respond to a world in which “crime that pays is crime that stays?” What is Screening? Almost all investments are screened. Common screens include investment characteristics, indus- try sectors, and location. A mutual fund, ETF or individual portfolio is typically screened for one or more investment characteristics, such as these: • Type of Asset: Real estate, commodities or securities • Liquidity: Liquid (such as securities) or illiq- uid (such as private equity or venture capital) • Type of Securities: Stocks or bonds • Income Profile: Dividends vs. Growth • Taxation Status: Tax-Exempt • Size of Company Market Value: Large, medium or small cap “The ducks are squawking! I must feed them!” – Luis S. Mendez, Head of Capital Markets, Dillon Read & Co “ How do we effec- tively respond to a world in which “crime that pays is crime that stays?” ” Design for the new Solari One Oz. Silver Coin coming in 2017.