118 lines
4.9 KiB
Plaintext
118 lines
4.9 KiB
Plaintext
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Conspiracy Nation -- Vol. 1 Num. 46
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======================================
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("Quid coniuratio est?")
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[CN Editor -- I cannot vouch for the accuracy of *all* of the
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following. It may or may not be true, I just don't know.]
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[The following is a transcript of a recorded phone message put
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out by a group in Chicago called "Citizens' Committee to Clean Up
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the Courts [CCCC]." (312) 731-1100 and (312) 731-1505.]
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Hi! Sherman Skolnick, Citizens' Committee to Clean Up the Courts,
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9800 Oglesby.
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When it comes to financial matters, far too many people believe
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in fairy tales.
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Fantasy #1: It is O.K. to enter your bank account and put it into
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mutual funds. After all, mutual funds are safer than the stock
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market. And also, mutual funds are run by skilled managers. *Oh
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yeah?*
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The facts: In the 1920s and early '30s a lot of folks put their
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money into "investment trusts." Few checked out the by-laws. When
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redemptions fell below a certain point, the trusts were frozen.
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Those left in the pool often ended up with close to zero.
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Investment trusts did have a lot of leverage: going up and
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slamming down.
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The 1930s and investment trusts left such a bad smell, after
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World War II the name was changed to "mutual funds." Plenty of
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mutual funds use paper and computer tricks to boost the so-called
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yield. The dirty, dangerous game is called derivatives: a game
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within a game within a Chinese box trick.
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Fantasy #2: Banks are safer now than the 1920s and early '30s
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because there is Federal Deposit Insurance [FDIC].
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Fact: About 14 thousand banks with about a trillion dollars of
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deposits are supposedly protected by FDIC which has approximately
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$10 billion in reserves. Another insurance company with that kind
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of rotten ratio would be declared bankrupt. So the FDIC logo on
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the bank door means *nothing!*
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Fantasy #3: It's safe to keep your valuables in a safe deposit
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box. After all, it's inside a bank!
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Fact: The safe deposit box vault is a separate company, not
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linked to the bank. The FDIC does not cover the vault company. In
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the 1930s, many deposit boxes were raided by bank officials when
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the banks went under. Few complained. After all, who wanted to
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prove what was inside their box? Some were hiding their valuables
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from ex-wives and tax collectors.
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The sons and daughters of such bank pirates later, after World
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War II, formed state banks and savings and loans with the stolen
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goods.
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Fantasy #4: A mutual fund advertising it is made up of U.S.
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government bonds is 100 percent safe. *Oh yeah?*
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The facts: Many offer attractive yields boosted with derivatives
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monkey-business tricks. Like other funds, these will freeze
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redemptions at a certain point, *and* -- you'll get zero.
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Fantasy #5: U.S. government bonds are safe. *Oh yeah?*
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Fact: In recent years, Japan has purchased about two-thirds of
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new issues of U.S. Treasury notes and bonds. Japan's purchases,
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and those of Saudi Arabia, are the only ones the U.S. secretly
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promises to redeem in gold. The U.S. Treasury, however, does not
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*have* that much gold. In a panic, they may force U.S. citizens
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to turn in their gold coins and bullion. It happened in 1934, it
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can happen again.
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Throughout history, every nation that went deep in debt
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eventually renounced their government bonds. The U.S., of course,
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is next.
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Also, the united States lost the Vietnam war. Without exception,
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throughout history, every ruling class that loses a war is
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eventually overthrown.
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The panic with the falling dollar compared to the yen is far more
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serious than the press fakers tell you. Japan is making a run on
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the dollar and a run on selling their U.S. commercial properties.
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Foreign nations are getting set to get a bigger slice of America
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by collapsing our government.
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In Chicago, see us on cable tv, channel 21, 9 pm [cst] most
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Monday evenings.
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Play it again: The Rotten State's Attorney (312) 731-1505.
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New message Tuesday; we change it several times a week.
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Donations appreciated. Citizen's Committee to Clean Up the
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Courts, 9800 South Oglesby, Chicago, [Illinois] 60617. For the
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latest on courts, banks, espionage agencies, political
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assassinations, and the news media. On 24 hours a day.
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Aperi os tuum muto, et causis omnium filiorum qui pertranseunt.
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Aperi os tuum, decerne quod justum est, et judica inopem et
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pauperem. -- Liber Proverbiorum XXXI: 8-9
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