Welcome! This web page contains the links to everything you need for this audio seminar, including the audio recording (downloadable MP3 files: Part I, Part II) and all supplemental materials. You may wish to bookmark this page for future reference.


This seminar is presented by Catherine Austin Fitts, president of Solari, Inc. For an overview, see the Seminar Description and course Outline below. You may also download a written transcript in PDF format. For a quick rundown on how our audio seminars are conducted, see How Solari Audio Seminars Work. You are encouraged to review the Recommended Background 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 links above. Most seminars close with a brief invocation.


The challenges we face are mounting: the collapse of the housing bubble, the falling U.S. dollar, environmental changes and deterioration, peak oil, inflation, and the growing possibility of a global financial meltdown. Although we witness these events daily, it may not be clear what they mean for our personal finances.

What actions should we take to position our assets in uncertain times? How can we ensure that our savings and investments are safe and that they will grow sufficiently to support our families? And how will we do this in a manner that protects and transforms our communities and networks?

In this audio seminar, Catherine Austin Fitts addresses how Solari Investment Strategy can help you identify and manage investment risks and opportunities in today's economy. Catherine walks you through two sample portfolios. The first invests in the bubble economy; the second invests in the real economy, demonstrating balanced, diversified assets designed to perform in a wide variety of scenarios. Catherine also covers the importance of avoiding the "current yield trap," i.e., investing in income-producing assets that are being drained by inflationary monetary policy.

Answers to frequently asked questions and insights into specific issues of concern to the Solari network round out the presentation.

Chapter 1. Introduction

Chapter 2. A Fundamental Shift

Chapter 3. Principles of Solari Investment Strategy

A. Total Economic Return and the Popsicle Index
B. Liquid vs. Non-liquid / Global vs. Local
C. Scenario Planning
D. Diversification
E. Financial Intimacy
F. Building Your Own Conspiracy: Solari Circles
G. Net Energy Plus

Chapter 4. Opportunities

A. Personal Self-sufficiency

Family, Community, and Network Self-sufficiency

C. Banking Intimate

D. Precious Metals

E. Natural Resources

Countries with a strong Popsicle Index (See column to the right.)

Enterprises that own/are excellent at:

  • Serving high-Popsicle-Index places
  • Precious metals
  • Natural resources
  • Infrastructure and essential services
  • “No waste” new technology/real solutions

H. Cash and Cash Equivalents in Strong Currencies

Characteristics of Countries with a Strong Popsicle Index:

  • Rich natural resources relative to population and debt
  • Young, healthy population
  • High learning metabolism, strong educational system
  • Respect for individual freedom, free speech, personal property and contract law, and the rights of others
  • Strong currency
  • Low government and family debt, high savings rates
  • Reasonable military expenditures
  • Lively arts and culture
  • Investment in alternative energy, protection of the environment
  • Strong tradition of entrepreneurship and investment
  • Commitment to decentralized decision-making and ownership
  • Organized crime not integrated into government, judiciary, foundations, endowments, culture
  • Clean water and air, resistance to GM food


Chapter 5. Scenarios

I Am Concerned About . . . Areas of Opportunity
(See 4. above.)

Peak Oil

  • Wikipedia on Peak oil
  • Deindustrialization as fossil fuels diminish
A, B, C, D

Peak Everything
"Forget peak oil—it's peak everything."
—Jim Rogers, in response to a question at the 2006 New Orleans Investment Conference about whether he was concerned about peak oil

  • Intense competition for all resources
A, B, C, D

A decrease in the money supply
Wikipedia on Deflation

A, B, C, D
Bonds in F, H
Pay down debt

An increase in the money supply

A, B, C, D, E, G, H
Use dollar debt judiciously

US Economic Hit / Global Financial Meltdown

A, B, C, D
"Disaster Preparedness"
Domestic and offshore options

Slow Burn:
A political economy managed through principles of economic warfare in which insiders systematically protect themselves and centralize control and ownership of resources by using a combination of central bank, government, and banking policies to drain the time, resources, and lives of outsiders and the natural environment.

The Slow Burn on Catherine's Blog

A, B, C, D
Balance of deflation and inflation
Transformation Same as Slow Burn
"Coming Clean"
Letter to My Broker
"How Does Your Money Work?"

Chapter 6. $1 Million Portfolio: Before-and-After Comparison

Portfolio A:
Bubble Economy Dependent upon Dollar Politics
Portfolio B:
Long-Term Economic Fundamentals


Chapter 7. "I Want Current Yield"

Investment 1
Bonds (5%)
Investment 2
Bullion Fund
Investment 3
Gold Bullion
Year at 28% tax rate       at 28% tax rate at 28% tax rate
Value, US$ Net Yield, $ Value, shares Net Sales A Value, ounces Net Sales B
2003 10000   2155   29.07  
2004 10000 360 2080 360 28.03 360
2005 10000 360 2006 360 27.02 360
2006 10000 360 1944 360 26.15 360
2007 10000 360 1894 360 25.41 360
2008 10000 360 1853 360 24.82 360
Sub-Total $10,000 $1,800 $20,548 $1,800 $20,743 $1,800
After Tax N/A $1,800 $17,201 $1,800 $17,326 $1,800
TOTAL $11,800 $19,001 $19,126
Net Sales A = Sales less tax and commissions
Net Sales B = Sales less tax, spreads, and storage fees

Prices Gold Spot Bullion Fund After- tax Gain Investment Expressed in Gallons of Gasoline
by Year (Jan.) US$ US$ Spot Fund Year (Jan.) Price/gal*
US$ Bonds Gold
2003 344.00 4.64     2003 1.45 6897 6897
2004 415.30 5.29 19.96 0.18 2004 1.51 6623 7995
2005 430.00 5.47 24.08 0.23 2005 1.78 5618 7022
2006 519.00 6.81 49.00 0.61 2006 2.24 4464 6735
2007 636.90 8.90 82.01 1.19 2007 2.33 4292 7946
2008 835.60 11.09 137.05 1.81 2008 3.11 3215 7811 (6524 A-T)
* Source: Energy Information Administration

Chapter 8. Frequently Asked Questions / Issues of Concern

Chapter 9. Staying Current

Chapter 10. Summary

Chapter 11. Invocation

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More on Catherine and the Solari Team


Part I, Part II  |   Transcript   |   Outline    |   Recommended Background    |   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.