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Read the transcript of “Crowdfunding pt. 2: What Does it Mean to You” here (PDF)

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The Solari Report 2013-09-19

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The Solari Report 2013-09-19

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The Solari Report 2013-09-19

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The Solari Report 2013-09-19

<!– Audio Chapters 1. Introduction and Theme “Life is on the Wire” Welcome Slide Theme Slide 2. Money & Markets In Money and Markets this week Catherine discusses the Federal Reserves decision to not taper the US Bond market. As well as the recent push back on Syria. Money and Markets Slide Syria Slide Space Slide NSA Slide Healthcare Slide Navy Shooting Slide Market Performance Slide 3. Hero Our hero this week is Alexander Hamilton. Hero Slide 4. Ask Catherine Catherine answers questions submitted by subscribers. Ask Catherine Slide Why is it that oftentimes when you have a precious metals market report from Franklin Sanders, something wild happens in the precious metals market within the next 24 hours? You have mentioned a number of times that $50 trillion in assets have been transferred from the legacy economy into the new breakaway economy. Can you mention more specifically the different ways in which this transfer has happened, who specifically the people are who are getting this money into their hands, and how, in your opinion, this money will now be utilized? Something that I would find very valuable for Catherine to cover on a Solari interview, would be to interview someone who can tell us specific jobs or businesses that thye believe will be expanding in the coming years. So many people are dealing with their old job or their old way of doing business being phased out, and it would be great to learn of arenas that we may want to get on board with now! In your opinion, what is The Fed trying to accomplish by constantly telling us that they’re going to end quantitative easing, and then constantly reversing themselves and then stating that they’re not going to end it? Hi Catherine, I’m looking forward to your presentation on crowdfunding this Thursday. You may recall, I’m working on a start-up here in Washington State in the newly legalized cannabis market authorized by I-502. Recently, James Cole at the Department of Justice has issued guidance on Federal oversight of these markets in Washington and Colorado. I am often asked: ‘why not utilize crowdfunding for this start-up?’ The easy answer is ‘no’: Washington State rules and regulations require a verifiable investor who is subject to a background check, to prevent felons and drug cartels from entering the legal market system. Yet, this question continues to present itself. It’s a question that applies to any other regulated business: wine, beer, spirits. Can crowdfunding become a source of capital for these highly regulated sectors of the economy? Catherine. It occurs to me there is an urgent need to develop a ‘Popsicle Index” model appropriate for low resource settings such as in sub-saharan Africa. Such a project would greatly enhance the ongoing work by many sensible people who are quietly shifting the 20th century ‘development’ paradigm and away from the emergent globalization model that currently dominates this space. Such a Popiscle Index model for sub-Saharan Africa must necessarily build on the strength of existing local structures, is moral, and is culturally and economically appropriate for this space. Great interview this week. Hi Catherine, Thank you for providing excellent reports on financial, political and economic matters. I have a question: how safe are Series I ibonds as an investment right now? Is this a dangerous place to put money with the coming bail ins? (In Regards to Why are Glen Greenwald and Charlie Rose So Lucky?) What is the dynamic going on that is protecting them? I just heard your discussion with Franklin, about Amazon as one of the only sources of used books online. There is another great one: ABE books. It used to be Advanced Book Exchange, I think. It has listings from booksellers around the world and lists millions of books. I have no financial interest in them but have bought many books from ABE. Many small local shops list on ABE. It’s http://www.ABEbooks.com. Thanks, I love your programs. Too late for Franklin’s discussion so maybe you and Chuck Gibson will touch on inflation expectations for early 2013 during the quarterly review. I see some fiduciaries prep for higher inflation, personal portfolios may be different. 5. Discussion Catherine describes her thorough analysis of this week’s topic: Crowdfunding. Interview Slide 6. Let’s Go to the Movies! Catherine reviews the film Start Up Kids, a documentary about young web entrepreneurs. Movie Slide 7. Closing Septrember 26: A Jon Rappoport Report October 3: 3rd Quarter Wrap-up October 10: A Beginner’s Guide to 3D Printing with Onat Ekinci Closing Slide Subscriber Resources: Here are links and materials referred to in this Solari Report: Special Solari Reports: Crowdfunding & Legal Pathways to Capital Jobs Act of 2012 A Solari Report – Independent Media Sustainability: A Review of Existing Media Capital Structures Term Sheets: Term Sheet for Food Shop Solari Reports: The Comfort Calls Story: Organizing the Legal Structure for Your Startup (includes additional terms sheet for A/B Share Model) Peter Ireland: Start-up Financing For the Rest of Us Family Wealth with James E. Hughes Entrainment, Subliminal Programming and Financial Manipulation A Passion for Privacy with Katherine Albrecht Are You Bringing Spychips Into Your Life? The US Plays the Oil Card Equity Markets: The View from Silicon Valley Equity Overview with Chuck Gibson: Secular Trends in the U.S. Equity Markets Equity Overview with Chuck Gibson: Yields and Volatility of Stocks vs. Bonds Solari Audio Seminar: Building Real Wealth Books: The Jobs Act by William Michael Cunningham Transforming Customers into Loyal Owners by Jonathan Frutkin The Crowdfunding Revolution by Kevin Lawton Crowdfund Investing for Dummies by Sherwood Neiss Movies, Documentaries & Shows: In ascolto: The Listening Antitrust Startup.com Shark Tank Articles: A Design Book for Solari Stock Corporations—1998 Popsicle Culture: A Backcasting as a Report to Shareholders—1998 The Solari Model – Total Economic Return – Originally published 2001 By Catherine Austin Fitts With incomes falling and unemployment rising, there are compelling economic reasons to improve the ability of entrepreneurs to finance start-ups. After all, if non-accredited investors are free to buy lottery tickets, why can’t they invest in their friends and neighbor’s businesses? Yes, we can all buy stocks traded on the New York Stock Exchange. But why can’t we have stock exchanges for our city or county? Or for our online networks? Well, now we it looks like a time is coming when we can using crowdfunding. Crowdfunding began with websites aggregating lots of small contributions from many people to support artists and software developers. The extraordinary success of these efforts persuaded Congress to pass the JOBS Act in 2012. The SEC is expected to promulgate regulations this winter, dramatically relaxing the obstacles to raising money for small business and start ups. Crowdfunding is not only expected to grow in America; similar efforts are percolating in Europe, Asia, and around the globe. Before the rush starts, let’s get ready by understanding what is going to happen and what it means to you. What does crowdfunding mean for entreprenuers? What does it mean for investors? What does it mean for the way our financial markets work? What does it mean for the strength of the economy? Why are the most powerful financial interests on the planet promoting it? What are the opportunities? And what are the risks? Whatever crowdfunding is, good or bad, this will be a significant shift of money and economic flow. This also means the fraudsters will be out in full force – along with thousands if not millions of entrepreneurs – all vying for your attention and investment dollar. I hope you’ll join us for this week’s special briefing for subscribers on crowdfunding. If you want to subscribe, you can do so here . In response to subscriber requests, I will be posting a collection of our resources on venture capital, Solari Circles and community venture funds. BIG NEWS –  starting this week Money & Markets will move to a pre-recorded format. The audio will be posted on Thursday evening. We will add the audio to the slides in video format to be posted on Friday. We think this will significantly enhance the quality of your listening experience. This Thursday, in Money & Markets I will cover financial markets and geopolitics. Please post your questions for Ask Catherine at the blog or e-mail to the special address posted on your Subscriber Resource page. In Let’s Go to the Movies, I will review  Start Up Kids. When the  Icelandic economy collapsed in 2008,  Vala Halldorsdottir and Sesselja Vilhjalmsdottir founded their first company. Next, they decided to make a documentary about young web enterprenuers around the world in the hopes of inspiring other young people to start their own companies.

Stay tuned…lots of good things are unfolding this week on the Solari Report!