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  October 26, 2006    
     
 

Navigating the Falling Dollar and the Shift to Sustainability
-- The Conversation Continues

Last week I gave a lecture and workshop in Ashland, Oregon to a wonderful group of people focused on opportunities to accelerate a shift in our time, our attention and our transactions to support a free and sustainable culture. What a wonderful time we had! At the workshop, everyone divided up into teams. Our challenge? We were a homeless family of 4 people with a $1million in cash. Where would we live? How would we allocate our time and money? Where would we find allies and how would we organize? And if we invested our money in a financially intimate manner, with more investment going local, how would we understand and reengineer government money to shift with us? And what if we had no money to invest? How would our farm or business attract those who wanted to invest in their own community to create new jobs?

Meantime, a quick look at the recent doings of the Tapeworm confirmed the importance of emerging solutions from our conversations. According to the Sydney Morning Herald, "the Australian Treasurer Peter Costello has called on East Asia's central bankers to "telegraph" their intentions to diversify out of American investments and ensure an orderly adjustment. Central banks in China, Japan, Taiwan, South Korea and Hong Kong have channelled immense foreign reserves into American government bonds, helping to prop up the US dollar and hold down American interest rates. Mr Costello said "the strategy had changed" and Chinese central bankers were now looking for alternative investments. "Of course you can have an orderly adjustment," he told reporters. "And what I would recommend is that these matters be telegraphed well in advance. I think we should begin preparing ourselves for it." Mr Costello said the "re-emergence" of China as the world's greatest economy "is not something to be feared".

While I did not find a response from the US government, the Latin America press has alleged that George W. Bush purchased a 98,000 acre ranch in Paraguay. Now why would he do that?

Next week, our conversation will continue on Salt Spring Island in British Columbia. If you are in the area, please come and join us. There’s no sense losing time watching the Tapeworm when we could be building a new and beautiful world!

-- Catherine Austin Fitts

 
         
 

Speech - November 2, 2006
Navigating the Falling Dollar and the Shift to Sustainability
Salt Spring Island, British Columbia

I will be giving an address at the Annual General Meeting of Salt Spring Island Monetary Foundation following the business portion of the meeting. Attendance is open to everyone. Donations are invited.

 

Attend the Falling Dollar Workshop
Saturday, November 4
1-4 PM with a local organic dinner to follow.

Location: Mercer Gallery
111 Robinson Road
Salt Spring Island

Please reserve tickets ($100 per person, including dinner) by calling Ann Watson: 250.653.4184.

Download the Workshop Slides

 
 
     
 
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Use this lecture -- produced before a live audience -- to help build a lifeboat in times of economic volatility, and to help you launch a wealth revolution in your home and neighborhood.
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Catherine and host Harry Blazer introduce a unique new matrix integrating liquid and non-liquid investment strategies that are both local and global, place-based and people-based.
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In this seminar, Franklin Sanders helps us see the difference between chasing "money profits" in a political economy and enjoying financial prosperity by growing real wealth.

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© Solari, Inc. 2006

Nothing in this Solari Update 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.