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Your host for this seminar is Catherine Austin Fitts, president of Solari, Inc. and successful Wall Street and Washington DC investment banker. For an overview see the Seminar Description and course Outline below. For a quick rundown on how our audio seminars are conducted, see How Solari Audio Seminars Work. You are encouraged to do the Recommended Reading before or after listening to this audio seminar, and, as time allows, to enhance your understanding even further via the Additional Links listed below. To listen to the seminar, click on the Download Audio Recording link. Most seminars close with a brief invocation.


From singer / songwriter Tom Darilek comes the hilarious song Narco Dollars 101, a down-home parody on how narco dollars keep our financial system hummin', written as a gift to Catherine. Play the song ...


This audio seminar was recorded live on February 17, 2005.

Understanding "how the money works" in the drug trade, the war on drugs and in the prison system is not something you will learn at the Wharton Business School, at your Navy recruitment office, or listening to "Wall Street Week." Yet mapping the flows of narco dollars in our lives is marvelously useful for seeing our addictions to the financial system that is draining us all – whether we are parent, farmer, business owner, investor, activist, worker, or citizen.

"The Latin American drug cartels have stretched their tentaclesmuch deeper into our lives than most people believe. It's possible they are calling the shots at all levels of government."
—William Colby, former CIA Director (1995)

Based on Catherine's most popular and widely published article, "Narco Dollars for Beginners," this audio seminar illuminates how Wall Street and Washington really work and how that connects to what is happening in your neighborhood and on your streetcorner.

In Memory of Gary Webb (1955–2004)

"In August 1996 Gary Webb stunned the world with a series of articles in the San Jose Mercury News reporting the results of his yearlong investigation into the roots of the crack cocaine epidemic in America. The series, titled "Dark Alliance," reveals that for the better part of a decade, a Bay Area drug ring sold tons of cocaine to Los Angeles street gangs, funneling millions in drug profits to the CIA-backed Nicaraguan Contras."

His series was soon revoked by the editors of SJMN(!), but he went on to publish a comprehensive book of the same title, and worked tirelessly for transparency and accountability until his death in December 2004, allegedly by his own hand. See Catherine's prayer for Gary Webb.

  1. Welcome
  2. Introducing Our Host, Emanuel Sferios
  3. Catherine's Background and Experience
  4. Iran Contra
    • RJR
    • Los Angeles / Dark Alliance
    • Mena, Arkansas
    • Prisons
    • Dirty Tricks
  5. Hamilton / Community Wizard / Connection to Iran Contra
  6. Red Button Story
  7. West Philadelphia Story / Linkages to HUD Fraud
  8. Popsicle Index and Dow Jones – The Tapeworm Model
  9. Solari Model / Turning the Red Button Green
  10. Question & Answer Period
  11. Closing or Invocation

This audio seminar is inspired by the article "Narco Dollars for Beginners," written by Catherine Austin Fitts for

Wikipedia – Overview

Narco Dollars and the Creeping Coup d'Etat

Narco Dollars and Neighborhood Leveraged Buyouts

Narco Dollars – A Wall Street-Washington Public-Private Partnership

  • The Ultimate New Business Cold Call: NYSE Exchange Chief Pitches
    Colombian Rebel Forces

    From the Wilderness, July 1999

  • Richard Grasso, former chairman of the NY Stock Exchange,
    greeting a Colombian FARC commander


    "The recent departure of New York Stock Exchange Chairman Richard Grasso makes this article, first published in 2001, very prescient, especially in the light of Mr. Grasso's trip to Colombia where he met FARC commanders responsible for providing security for narco-traffickers.
    Was Grasso making an in-person sales call to negotiate with the drug cartel that was threatening to pull their investments from the stock exchange?
    That might be worth a $140 million pay package."

    —Uri Dowbenko

Case Study #1 – RJR Nabisco

Case Study #2– Iran Contra


  • GNN's Crack the CIA Cocaine Video
    Click to watch this fabulous (free!) 10-minute award-winning video documentary produced by Guerilla News Network.

Legal Engineering

  • Sporkin Hotseat – Internet hotseat
    Retired federal judge and former CIA Counsel during Iran Contra - Stanley Sporkin in the hotseat
    Refer to questions re: CIA General Counsel

  • Navigate the Housing Bubble – Part I
    Read about this Solari Audio Seminar with Catherine Austin Fitts

Computer and IT Engineering

Media Silence & Complicity

On the Ground in Los Angeles, California

South Central Los Angeles
Narco-HUD connection?
(click for larger image & narration)

On the Ground in Mena, Arkanas:

Laundering Money through the Arkansas Housing and Economic Development Agency

On the Ground in Washington, DC

  • Kemp Tapes – Recollections Working in Bush I
    by Catherine Austin Fitts
    Kemp Tapes

  • The Story of Edgewood Technology Services – or How I Lost $100 Million
    Discovering Who Makes Money Making Sure the Solari Index Does Not Go Up
    (Parts I-III) by Catherine Austin Fitts

On the Ground in Latin America

Case Study #3 – Stock Market Prison Profits

Case Study #4 – Dirty Tricks & Control Files

Narco Dollars & America's Addiction to Dirty Money

Cui Bono? – Who Benefits?

Tapeworm Economics – The Negative Return on Investment Economy

The Solari Model – Transforming to a Positive Return on Investment

Responsibility for a 100% Popsicle Index

Coming Clean

Gather Power in Support of Each Other and One Little Thing – We are All Local Leaders Now

Make our Resources and Natural Wealth Visible

Solari Databank

Vote with Our Resources

Who do we love?

Deposits–Supporting local banks and credit unions

Purchases –Supporting local businesses and local farms

Purchases – Supporting honest media

Investments – Move away from Fiat Currency, Protect Our Savings
and Go Local

Getting Back $4 Trillion of Missing Money

Opportunities for Activists

Solari Venture Funds

Additional Background

Sign Up for Solari e-Mail Updates (including future Audio Seminar opportunities)


More on Catherine and the Solari Team



Download MP3   |   Seminar Outline    |   Reading List    |   Additional Links   |   Sign Up



Disclaimer: Nothing in this Solari Audio Seminar should be taken as individual investment advice. Anyone seeking investment advice for his or her personal financial situation is advised to seek out a qualified advisor and provide as much information as possible to the advisor in order that such advisor can take into account all relevant circumstances, objectives, and risks before rendering an opinion as to the appropriate investment strategy.


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