[S-C] Fwd: Solari in Palo Alto, June 30, 7:30 @ FGC

[Kevin Shrieve]

Subject: Solari in Palo Alto, June 30, 7:30 @ FGC
Date: Sat, 28 Jun 2003 03:26:17 UT

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Please join us on Monday evening, June 30, 7:30 pm for
the first in a series of in-depth conversations
on a New Economic Paradigm:

Speaker: Catherine Austin Fitts
Topic: The Most Significant Investment Opportunity in America
Foundation for Global Community
222 High Street (downtown Palo Alto)
$5 donation requested

Growing out of her frustrations as a former investment banker with
Dillon Read and undersecretary of HUD in the first Bush
Administration, Fitts will introduce her ideas for creating healthy
local economies, based on a new community-based investment
program, the "solari."

A combination investment databank and community advisor, a
"solari" is created and controlled at the neighborhood level. It can
be a building block to access capital both locally and globally. The
model is designed to allow investors to generate strong profits,
while still developing healthy people in safe and environmentally
cared-for places, rather than relying on extraction and
consumption. Each solari serves a single local territory which
typically contains about 10,000 people -- about the size of an urban
neighborhood or small city.

A network of solaris and the equity pools they can create may be
one of the most significant opportunities for economic growth in
America today, according to Fitts. Below are some highlights of
the solari idea. Bring your questions and be prepared for a
stimulating conversation on Monday evening, June 30!

Cheers, Debbie Mytels

Outreach Director, Foundation for Global Community
For more information, contact: Joe Kresse:
jkresse@globalcommunity.org
(650) 328-7756 x317, or Debbie Mytels:
dmytels@globalcommunity.org
(650)328-7756 x635.

More information about the Solar Model

As an investment databank, a solari promotes literacy about "how
money works" within its locale and -- with tools such as investment
clubs -- promotes higher rates of investment within its local
territory. A solari circulates annual reports on:
-- "neighborhood financial statements" describing public and
government resources and management;
-- financial estimates and other indices of well being that
support a common vision of community goals
-- the equity value of the solari and any equity pools it
manages.

As an investment advisor, the solari invests in local re-engineering
and creates transactions that improve equity rates of return within
its locale that are profitable and attractive for the solari and its
shareholders, including but not limited to:

-- consumer aggregation;
-- small business/farm aggregation;
-- small business incubation, back office and marketing support;
-- neighborhood venture funds and investment trusts to access
stock market equity for local business and
real estate, community offerings and wider stock placements and
offerings;
-- debt-for-equity swaps on performing and defaulted
government and private debt;
-- buyouts, reengineerings, renegotiation
and waivers of government investment and regulation; and
-- community currency and barter networks.
For more information on the Solari model, visit the website:

http://www.solari.com/

Background on Catherine Austin Fitts:

Since 1998, Catherine Austin Fitts is president of Solari, Inc.,
Hickory Valley, Tennessee She is chiefly involved in phase one
development of Solari and the Solari Action Network.

Previous affiliations:

The Hamilton Securities Group, Inc., Washington, DC, San
Francisco, CA, and New York, NY.
President, 1991-1998. Responsible for founding and building an
employee-owned broker-dealer/investment bank with aggregate
revenues of $50 million and an employee base of 50. Hamilton
pioneered financial software development, including using web-
based network technology and advanced decision science. This
included "Community Wizard," an on line database and links to
assist communities to find and map the information about "how
money works" in their community.

U.S. Department of Housing and Urban Development, Washington, DC
Assistant Secretary for Housing-Federal
Housing Commissioner, 1989-1990.
.
Dillon, Read & Co. Inc., New York, NY
Managing Director and Member, Board of Directors, 1986-1989;

Senior Vice President, 1984-1986; Vice President, 1982-1984;
Associate,1978-1982. Served in the Corporate
Finance, Energy Finance, Mergers and Acquisitions and Public
Finance Departments.

Academic Background:
The Wharton School, University of Pennsylvania, M.B.A., 1978 (Finance)
The University of Pennsylvania, B.A., 1974 (History)

------- End of forwarded message -------
Debbie Mytels (650) 328-7756 (x635)
Director of Outreach
Foundation for Global Community
222 High Street, Palo Alto CA 94301-1040 USA
dmytels@globalcommunity.org
http://www.globalcommunity.org