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Conspiracy Nation Vol. 01 Num. 46
Conspiracy Nation -- Vol. 1 Num. 46
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("Quid coniuratio est?")
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[CN Editor -- I cannot vouch for the accuracy of *all* of the
following. It may or may not be true, I just don't know.]
[The following is a transcript of a recorded phone message put
out by a group in Chicago called "Citizens' Committee to Clean Up
the Courts [CCCC]." (312) 731-1100 and (312) 731-1505.]
Hi! Sherman Skolnick, Citizens' Committee to Clean Up the Courts,
9800 Oglesby.
When it comes to financial matters, far too many people believe
in fairy tales.
Fantasy #1: It is O.K. to enter your bank account and put it into
mutual funds. After all, mutual funds are safer than the stock
market. And also, mutual funds are run by skilled managers. *Oh
yeah?*
The facts: In the 1920s and early '30s a lot of folks put their
money into "investment trusts." Few checked out the by-laws. When
redemptions fell below a certain point, the trusts were frozen.
Those left in the pool often ended up with close to zero.
Investment trusts did have a lot of leverage: going up and
slamming down.
The 1930s and investment trusts left such a bad smell, after
World War II the name was changed to "mutual funds." Plenty of
mutual funds use paper and computer tricks to boost the so-called
yield. The dirty, dangerous game is called derivatives: a game
within a game within a Chinese box trick.
Fantasy #2: Banks are safer now than the 1920s and early '30s
because there is Federal Deposit Insurance [FDIC].
Fact: About 14 thousand banks with about a trillion dollars of
deposits are supposedly protected by FDIC which has approximately
$10 billion in reserves. Another insurance company with that kind
of rotten ratio would be declared bankrupt. So the FDIC logo on
the bank door means *nothing!*
Fantasy #3: It's safe to keep your valuables in a safe deposit
box. After all, it's inside a bank!
Fact: The safe deposit box vault is a separate company, not
linked to the bank. The FDIC does not cover the vault company. In
the 1930s, many deposit boxes were raided by bank officials when
the banks went under. Few complained. After all, who wanted to
prove what was inside their box? Some were hiding their valuables
from ex-wives and tax collectors.
The sons and daughters of such bank pirates later, after World
War II, formed state banks and savings and loans with the stolen
goods.
Fantasy #4: A mutual fund advertising it is made up of U.S.
government bonds is 100 percent safe. *Oh yeah?*
The facts: Many offer attractive yields boosted with derivatives
monkey-business tricks. Like other funds, these will freeze
redemptions at a certain point, *and* -- you'll get zero.
Fantasy #5: U.S. government bonds are safe. *Oh yeah?*
Fact: In recent years, Japan has purchased about two-thirds of
new issues of U.S. Treasury notes and bonds. Japan's purchases,
and those of Saudi Arabia, are the only ones the U.S. secretly
promises to redeem in gold. The U.S. Treasury, however, does not
*have* that much gold. In a panic, they may force U.S. citizens
to turn in their gold coins and bullion. It happened in 1934, it
can happen again.
Throughout history, every nation that went deep in debt
eventually renounced their government bonds. The U.S., of course,
is next.
Also, the united States lost the Vietnam war. Without exception,
throughout history, every ruling class that loses a war is
eventually overthrown.
The panic with the falling dollar compared to the yen is far more
serious than the press fakers tell you. Japan is making a run on
the dollar and a run on selling their U.S. commercial properties.
Foreign nations are getting set to get a bigger slice of America
by collapsing our government.
In Chicago, see us on cable tv, channel 21, 9 pm [cst] most
Monday evenings.
Play it again: The Rotten State's Attorney (312) 731-1505.
New message Tuesday; we change it several times a week.
Donations appreciated. Citizen's Committee to Clean Up the
Courts, 9800 South Oglesby, Chicago, [Illinois] 60617. For the
latest on courts, banks, espionage agencies, political
assassinations, and the news media. On 24 hours a day.
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Aperi os tuum muto, et causis omnium filiorum qui pertranseunt.
Aperi os tuum, decerne quod justum est, et judica inopem et
pauperem. -- Liber Proverbiorum XXXI: 8-9
