-Caveat Lector- Automatic digest processor wrote: > > There are 61 messages totalling 10084 lines in this issue. > > Topics in this special issue: > > 1. Enoch and the "Nefilim" (2) > 2. (2) Whitley Strieber, "Mind Control" and the CIA > 3. Dr. Edward Flaherty-Fed Reserve Act Was Passed Legally > 4. Flaherty-Fed Interest is Payed Back (3) > 5. Flaherty-Fed Has been Audited Dozens of Times > 6. Flaherty-Fed is Owned Mostly by American Companies > 7. Senators agree on probe plan in Waco siege (fwd) > 8. Hitler On Pat Buchanan > 9. Waco and the Press > 10. Children in the Banana Trees > 11. Nutty Leftism: "Tear Up The Constitution!" > 12. Thank you for purchasing a McDonnell Douglas military aircraft. > 13. ..why we test nukes.... > 14. Yankee! Go Home!! > 15. Ancient Origins Of HIV??? > 16. 300,000$ reward, bunk. . . (2) > 17. Sitchin's "Sumerian Astronomy" > 18. Hegel [repost] (2) > 19. Fw: [TheEagle-L] HARRP HITS CALIFORNIA TODAY > 20. Fw: [TheEagle-L] FW: HAARP'S COVERT AGENDAS--THE BIG PICTURE//HAARP & > Earthquakes > 21. Hebrew Rocks > 22. FOREIGN BANKERS OWN MAJORITY OF FEDERAL RESERVE > 23. Fw: Fwd/ALERT! TERROR PLANS, NEUTRON BOMBS, RED-LIST > 24. Pinay Cercle > 25. Shrinks Urged To Prepare Practice For Bio/Chem Attacks > 26. The Real Thing - A review by Jim Keith > 27. (Fwd) ZNet Commentary / Oct 16 / Pakistan / Tariq Ali > 28. A defense of Sitchin > 29. Technology, Censorship > 30. Foreign Thoughts on CTBT > 31. Report: Recovered Memories > 32. Canada & CTBT > 33. A defense of reptile Sitchin > 34. Whitley Strieber, "Mind Control" and the CIA (2) > 35. [Fwd: Political News Media Bias Strikes Abroad] > 36. Missing Children > 37. Jon Benet Ramsey (3) > 38. WHY ARE THERE WITCHES? > 39. Ed Flaherty-The Fed-No Conspiracy or Subterfuge > 40. Nato bombed Chinese deliberately > 41. Nato bombed Chinese deliberately (fwd) > 42. Farah-The Specter of a new cover-up (fwd) > 43. Gun confiscation begins in California (fwd) > 44. CA Govt gun confiscation letters (transcript) (fwd) > 45. Deadly Force and Individual Rights (fwd) > 46. NEW BOOK by Branton > 47. book: "Drug Crazy: How We Got Into This Mess and How We can Get Out" by > Mike Gray > 48. General McCaffrey's History of Misinformation / Drug Sense Weekly > 49. Purple Crow > 50. tanks > 51. Kennewick Man from Mu ? > 52. WTC Bombing "Witness for the Prosecution" > 53. Africa: Follow the Money > > DECLARATION & DISCLAIMER > ========== > CTRL is a discussion and informational exchange list. Proselyzting propagandic > screeds are not allowed. Substance�not soapboxing! These are sordid matters > and 'conspiracy theory', with its many half-truths, misdirections and outright > frauds is used politically by different groups with major and minor effects > spread throughout the spectrum of time and thought. That being said, CTRL > gives no endorsement to the validity of posts, and always suggests to readers; > be wary of what you read. CTRL gives no credeence to Holocaust denial and > nazi's need not apply. > > Let us please be civil and as always, Caveat Lector. > ======================================================================== > Archives Available at: > http://home.ease.lsoft.com/archives/CTRL.html > > http:[EMAIL PROTECTED]/ > ======================================================================== > To subscribe to Conspiracy Theory Research List[CTRL] send email: > SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] > > To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: > SIGNOFF CTRL [to:] [EMAIL PROTECTED] > > Om > > ---------------------------------------------------------------------- > > Date: Sat, 16 Oct 1999 11:14:16 -0500 > From: Eagle 1 <[EMAIL PROTECTED]> > Subject: Re: Enoch and the "Nefilim" > > -Caveat Lector- > > This is a multi-part message in MIME format. > > ------=_NextPart_000_0085_01BF17C7.95AF7D20 > Content-Type: text/plain; > charset="Windows-1252" > Content-Transfer-Encoding: quoted-printable > > continuing thoughts... > > Consider this, which the author of this article below is not = > considering... > Perhaps these monolithic buildings, statues, and so called "myths", = > pre-existed the common era called the "Ice Age"... ??? > Could there have been a catastrophic event related to that civilization, = > which brought on this 'Ice Age', with remnants now embedded in stone = > in various places of the earth... ??? Perhaps it was actually that time = > noted in Genesis 1:2... when the earth became "void and without form" = > (hebrew states: "became a waste and a desolation"; also noted in the = > Bible as the 'katabole'; a time when the rule of the mighty men of old, = > came to an end because of one who extorted himself to power... i.e. one = > mentioned in Isaiah 14:12).=20 > ... and then, consider that there was most likely an "aeon" of = > civilization that existed at that time prior to the "Ice Age", which = > would constitute another "world age"... which would also explain why we = > find remains of so called "human" predessessors that are anywhere from = > 14,000 to 25,000+ years old, according to the current carbon dating = > system.=20 > > This sort of throws the old Bishop's theory that the earth is only 6,000 = > years old out the window, doesn't it? It, however, at the same = > time, does not reinforce evolution; nor does it validate = > reincarnation. It merely shows scientific possibilities, theories if = > you will, as most probable, that man or intelligent beings did exist on = > the face of the earth over 25,000+ years ago, that is the only = > scientific fact that can be concluded.=20 > > Here are a couple of links that will whet your whistle, if you are = > interested in such information as was discussed in this article by = > Andrew Collins. > > http://www2.privatei.com/~bartjean/mainpage.htm > http://www.lpl.arizona.edu/~kmeyers/archaeol/bib_arch.html > and for books on various related subjects:=20 > http://www.artisanpublishers.com/ > > There is also a webpage out there, but the link escapes me at this = > time, regarding a find in Hatch, NM, that is believed to be the = > footprint / imprint, in stone, of one of these ''giants'' of the past, = > dated at over 25,000 years old. =20 > > eagle 1 > > ----- Original Message -----=20 > >>> > =20 > from: http://www.peg.apc.org/~newdawn/42b1.htm > > The Forbidden Legacy of > a Fallen Race -- Part 1 > by Andrew Collins > > Extracted from New Dawn No.40 (January-February, 1997) > > ------=_NextPart_000_0085_01BF17C7.95AF7D20 > Content-Type: text/html; > charset="Windows-1252" > Content-Transfer-Encoding: quoted-printable > > <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> > <HTML><HEAD> > <META content=3D"text/html; charset=3Dwindows-1252" = > http-equiv=3DContent-Type> > <META content=3D"MSHTML 5.00.2314.1000" name=3DGENERATOR> > <STYLE></STYLE> > </HEAD> > <BODY bgColor=3D#ffffff> > <DIV><FONT color=3D#000080>continuing thoughts...</FONT></DIV> > <DIV><FONT color=3D#000080></FONT> </DIV> > <DIV><FONT color=3D#000080>Consider this, which the author of this = > article=20 > below is not considering...</FONT></DIV> > <DIV><FONT color=3D#000080>Perhaps these monolithic buildings, statues, = > and so=20 > called "myths", pre-existed the common era called the "Ice = > Age"... =20 > ???</FONT></DIV> > <DIV><FONT color=3D#000080>Could there have been a catastrophic event = > related to=20 > that civilization, which brought on this 'Ice Age', with = > remnants=20 > now embedded in stone in various places of the earth... = > ???</FONT><FONT=20 > color=3D#000080> Perhaps it was actually that time noted in Genesis = > 1:2... =20 > when the earth became "void and without form" (hebrew states: "became a = > waste=20 > and a desolation"; also noted in the Bible as the 'katabole'; a time = > when the=20 > rule of the mighty men of old, came to an end because of one who = > extorted=20 > himself to power... i.e. one mentioned in Isaiah 14:12)</FONT><FONT=20 > color=3D#000080>. </FONT></DIV> > <DIV><FONT color=3D#000080>... and then, consider that there was = > most likely=20 > an "aeon" of civilization that existed at that time prior to the "Ice=20 > Age", which would constitute another "world age"... which = > would also=20 > explain why we find remains of so called "human" predessessors that = > are=20 > anywhere from 14,000 to 25,000+ years old, according to the = > current carbon=20 > dating system. </FONT></DIV> > <DIV> </DIV> > <DIV><FONT color=3D#000080>This sort of throws the old Bishop's theory = > that the=20 > earth is only 6,000 years old out the window, doesn't = > it? It, =20 > however, at the same time, does not reinforce = > evolution; nor=20 > does it validate reincarnation. It merely shows scientific=20 > possibilities, theories if you will, as most probable, that = > man or=20 > intelligent beings did exist on the face of the earth over 25,000+ years = > ago,=20 > that is the only scientific fact that can be concluded. </FONT></DIV> > <DIV> </DIV> > <DIV><FONT color=3D#000080>Here are a couple of links that will = > whet your=20 > whistle, if you are interested in such information as was = > discussed in=20 > this article by Andrew Collins.</FONT></DIV> > <DIV> </DIV> > <DIV><FONT color=3D#000080><A=20 > href=3D"http://www2.privatei.com/~bartjean/mainpage.htm">http://www2.priv= > atei.com/~bartjean/mainpage.htm</A></FONT></DIV> > <DIV><FONT color=3D#000080><A=20 > href=3D"http://www.lpl.arizona.edu/~kmeyers/archaeol/bib_arch.html">http:= > //www.lpl.arizona.edu/~kmeyers/archaeol/bib_arch.html</A></FONT></DIV> > <DIV><FONT color=3D#000080>and for books on various related subjects:=20 > </FONT></DIV> > <DIV><FONT color=3D#000080><A=20 > href=3D"http://www.artisanpublishers.com/">http://www.artisanpublishers.c= > om/</A></FONT></DIV> > <DIV> </DIV> > <DIV><FONT color=3D#000080>There is also a webpage out there, but = > the link=20 > escapes me at this time, regarding a find in Hatch, NM, that = > is=20 > believed to be the footprint / imprint, in stone, of one of these = > ''giants''=20 > of the past, dated at over 25,000 years old. </FONT></DIV> > <DIV> </DIV> > <DIV><FONT color=3D#000080>eagle 1</FONT></DIV> > <DIV> </DIV> > <BLOCKQUOTE=20 > style=3D"BORDER-LEFT: #000080 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: = > 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px"> > <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> > <DIV><FONT color=3D#000080>>>></FONT></DIV> > <DIV><FONT color=3D#000080></FONT> </DIV> > <DIV><FONT color=3D#000080> from: <A=20 > = > href=3D"http://www.peg.apc.org/~newdawn/42b1.htm">http://www.peg.apc.org/= > ~newdawn/42b1.htm</A><BR><BR> &n= > bsp; &nb= > sp; =20 > The Forbidden Legacy=20 > = > of<BR> &= > nbsp; =20 > a Fallen Race -- Part=20 > = > 1<BR> &n= > bsp; &nb= > sp; =20 > by Andrew Collins<BR><BR> Extracted from New = > Dawn=20 > No.40 (January-February, 1997)</DIV></BLOCKQUOTE></FONT></BODY></HTML> > > ------=_NextPart_000_0085_01BF17C7.95AF7D20-- > > ------------------------------ > > Date: Sat, 16 Oct 1999 11:17:12 -0500 > From: Eagle 1 <[EMAIL PROTECTED]> > Subject: Re: Enoch and the "Nefilim" > > -Caveat Lector- > > continuing thoughts... > > Consider this, which the author of this article below is not considering... > Perhaps these monolithic buildings, statues, and so called "myths", > pre-existed the common era called the "Ice Age"... ??? > Could there have been a catastrophic event related to that civilization, > which brought on this 'Ice Age', with remnants now embedded in stone in > various places of the earth... ??? Perhaps the "Ice Age" or a time just > prior to or following it, was actually that time noted in Genesis 1:2... > when the earth became "void and without form" (hebrew states: "became a > waste and a desolation"; also noted in the Bible as the 'katabole'; a time > when the rule of the mighty men of old, came to an end because of one who > extorted himself to power... i.e. one mentioned in Isaiah 14:12). > ... and then, consider that there was most likely an "aeon" of civilization > that existed at that time prior to the "Ice Age", which would constitute > another "world age"... which would also explain why we find remains of so > called "human" predessessors that are anywhere from 14,000 to 25,000+ years > old, according to the current carbon dating system. > > This sort of throws the old Bishop's theory that the earth is only 6,000 > years old out the window, doesn't it? It, however, at the same time, > does not reinforce evolution; nor does it validate reincarnation. It > merely shows scientific possibilities, theories if you will, as most > probable, that man or intelligent beings did exist on the face of the earth > over 25,000+ years ago, that is the only scientific fact that can be > concluded. > > Here are a couple of links that will whet your whistle, if you are > interested in such information as was discussed in this article by Andrew > Collins. > > http://www2.privatei.com/~bartjean/mainpage.htm > http://www.lpl.arizona.edu/~kmeyers/archaeol/bib_arch.html > and for books on various related subjects: > http://www.artisanpublishers.com/ > > There is also a webpage out there, but the link escapes me at this time, > regarding a find in Hatch, NM, that is believed to be the footprint / > imprint, in stone, of one of these ''giants'' of the past, dated at over > 25,000 years old. > > eagle 1 > > ----- Original Message ----- > >>> > > from: http://www.peg.apc.org/~newdawn/42b1.htm > > The Forbidden Legacy of > a Fallen Race -- Part 1 > by Andrew Collins > > Extracted from New Dawn No.40 (January-February, 1997) > > ----- Original Message ----- > From: Eagle 1 <[EMAIL PROTECTED]> > To: <[EMAIL PROTECTED]> > Sent: Saturday, October 16, 1999 9:31 AM > Subject: Re: [CTRL] Enoch and the "Nefilim" > > > -Caveat Lector- > > > > This is documented in the Bible... regarding the nephilium, > > or mighty giants. Example, as pointed out in the article, Genesis 6: 2 & > 4. > > It's been no mystery or hidden secret from the beginning. This > information > > was originally common knowledge until certain religious sects, over time, > > came in and have squashed the information, especially in the last 150 > > years, > > because... "... some of this information wasn't nice"... > > > > Interesting that you should bring this subject in. > > > > The word is ''nephilium'' (a plural), is a hebrew derivatitve of > ''naphal'' > > meaning: 'to fall; the fallen one(s)' ... which you can also find > > the same word in Isaiah 14:12... "O Lucifer, how art thou fallen..." > > ("fallen" here is the same word). > > > > eagle 1 > > > > ----- Original Message ----- > > From: Das GOAT <[EMAIL PROTECTED]> > > To: <[EMAIL PROTECTED]> > > Sent: Saturday, October 16, 1999 5:34 AM > > Subject: [CTRL] Enoch and the "Nefilim" > > > > ------------------------------ > > Date: Sat, 16 Oct 1999 11:33:24 -0500 > From: Linda Minor <[EMAIL PROTECTED]> > Subject: Re: (2) Whitley Strieber, "Mind Control" and the CIA > > -Caveat Lector- > > from: > http://www.amcity.com/sanantonio/stories/1999/03/29/story3.html > > March 29, 1999 > Psychological Corp. eying office project, sources say > Megan Kamerick > The Psychological Corp. is scouting around the city's North Side looking for > a site to build a large corporate campus, according to local real estate > officials. > > The company, a division of Harcourt Brace & Co. based in Orlando, Fla., > wants to develop a building with between 500,000 and 700,000 square feet of > space to consolidate its San Antonio operations, say sources familiar with > the company's plans. They add that those plans might also involve relocating > other Harcourt Brace operations to San Antonio. > > The Psychological Corp. currently operates out of about 400,000 square feet > of space in San Antonio, says Dave Samuels, spokesman for Harcourt Brace. > This includes a facility at 555 Academic Court that the company owns, > Samuels says, as well as a storage facility at 6818 S. Zarzamora and office > space in Colonnade I at 9901 I-10 West. > > Charles Martin Wender, who manages and leases the Zarzamora space, says > Psychological Corp. has an option to purchase the Zarzamora location. > > "They have until Nov. 30 to make a decision," Wender says. "They have an > option to buy." > > Wender says he has not heard anything about the company's plans for possible > consolidation into one location. > > Samuels confirms that Psychological Corp. has been looking around for other > space. > > "But we've been looking around for space for four years," he says. "This is > not a project that's new. This has been an ongoing project." > > Local real estate brokers and developers say the company is zeroing in on a > location about a mile north of Loop 1604 on the east side of Bulverde Road > that is owned by the estate of one of the Steubing family members. Local > sources say broker Eldon Roalson with Roalson Interests is working with > Psychological Corp. on site selection. > > Eldon Roalson declined to comment. Samuels also declined to comment on > specific plans or locations with respect to the company's search for space. > > "We don't have anything rock solid put to bed," Samuels says. "We're > contemplating if we can make things work in something bigger than 400,000 > square feet. We've been looking at it for four years and trying to make a > decision." > > He would not comment on whether Harcourt Brace may consolidate operations > from other markets in San Antonio. People familiar with the company's plans > say Psychological Corp. is looking at developing one large building that > would be up to 700,000 square feet in size in a campus-type environment. > > Mario Hernandez, executive director of the San Antonio Economic Development > Foundation (EDF), says his organization is not working with Psychological > Corp. to find space because the company is already established in San > Antonio, but he hopes they will stay here. The EDF helped bring the company > here in the mid-1980s. > > "They're landlocked," he says of Psychological Corp.'s current location at > Academic Court. "They have over 200,000 square feet where they're at, but > it's not enough space to continue to grow, and they're such a valuable > entity to the business community. They design and grade the intelligence > measuring devices there, so it's very unique and provides a lot of > opportunities for teachers to have jobs in the summer." > > The Psychological Corp. publishes and distributes tests and related products > for professionals in psychology, health, business, general education, > bilingual education and special education. The company has about 700 > employees here, Hernandez estimates. > > The Psychological Corp. was founded in 1921 for the purposes of developing > psychological tests and materials for psychologists and to publish > individualized psychological assessments. It was purchased in 1974 by > Harcourt Brace & Co., the nation's largest publisher of books and materials > for education, medicine and in academic/research areas. Harcourt Brace is a > subsidiary of Harcourt General Inc., based in Newton, Mass. > > Harcourt General has two core businesses: educational publishing through > Harcourt Brace, and upscale retailing through The Neiman Marcus Group. The > company also owns Drake Beam Morin, an outplacement services firm, according > to Hoover's, an online research service. > > "The company is hoping to accomplish the twin goals of solidifying its > existing businesses and breaking out into new markets," according to > Hoover's. > > In 1998, Harcourt General acquired medical publisher Mosby and information > technology training service provider Gartner Learning. It also created a > health sciences division. In 1997, Harcourt bought National Education Corp. > for $854 million, Hoover's states. > > Once known as Harcourt Brace Jovanovich (HBJ), the company is perhaps best > known here through its previous ownership of Sea World. HBJ sold Sea World > in 1989. > > ------------ > http://www.sec.gov/Archives/edgar/data/1037989/0000950123-97-004952.txt > CHESTNUT HILL, MA, June 11, 1997 -- Harcourt General, Inc. (NYSE:H) > announced today that it completed the merger of National Education > Corporation > (NEC) on June 10th. > The merger was the second step in a two-step acquisition. The first > step, a > cash tender offer for all the outstanding shares of NEC at $21.00 per share, > was > completed on June 4, 1997. As a result of the merger, NEC is now a > wholly-owned > subsidiary of Harcourt General. > The merger results in the automatic conversion of the remaining NEC > shares > into the right to receive $21.00 per former NEC share. > Harcourt General, Inc. is a growth-oriented operating company with core > businesses in publishing and specialty retailing. The Company also provides > professional outplacement services to clients worldwide. > National Education Corporation's operations include ICS Learning > Systems, > the largest provider of distance education in vocational, academic and > professional studies; National Education Training Group, the leader in > information technology interactive multimedia-based learning products; and > 83% > ownership of Steck-Vaughn Publishing Corporation, one of the largest > publishers > of supplemental education materials. > > http://www.sec.gov/Archives/edgar/data/40493/0000950123-95-000554.txt > Educational Publishing. The educational publishing group includes the > operations of Harcourt Brace School; Holt, Rinehart and Winston; Harcourt > Brace > College and The Psychological Corporation. Harcourt Brace School publishes > textbooks and related instructional materials for the elementary grades. > Holt, > Rinehart and Winston publishes instructional materials for grades 7 through > 12. > Harcourt Brace College publishes books for the college and university market > under the Harcourt Brace, Saunders and Dryden Press imprints. The > Psychological > Corporation provides aptitude, diagnostic, achievement and performance tests > and > related products for educational, psychological, clinical and professional > assessment. > > The Company owns approximately 65% of the outstanding equity, on a > fully-converted basis, of The Neiman Marcus Group, Inc. ("NMG"), which > operates > Neiman Marcus, Bergdorf Goodman and Contempo Casuals. > > ======== > > > >Das Goat wrote: > > > >>>"In my childhood," he [Whitley Streiber] said quietly," I ws tested at a > >university in San Antonio, in about 1954-55, for a long time, with a lot of > >tests - this was the same time I was having my encounters as a child. > >Intelligence tests, I guess they were; I don't remember them very clearly. > >My brother was subjected when he was the same age to the same tests at the > >same place by the same doctor. We were never told what these tests were > >about. We were never told by our parents why it was done."<< > > > > ------------------------------ > > Date: Sat, 16 Oct 1999 12:56:02 EDT > From: Gavin Phillips <[EMAIL PROTECTED]> > Subject: Dr. Edward Flaherty-Fed Reserve Act Was Passed Legally > > -Caveat Lector- > > Maybe Antony Sutton might have a few insights into Flaherty's supposed > debunking of any major criticisms regarding the Fed. Gavin. > > <A HREF="http://www.cofc.edu/~flaherty/fra.html">Myth #2: The Federal > Reserve Act never actually passed Congress...</A> Myth #2: The Federal > Reserve Act never actually passed Congress. The Senate voted on the bill > without a quorum, so the Act is null and void. > > The silliest of the Federal Reserve conspiracy theories is that the Federal > Reserve Act of December 23, 1913 passed illegally. The constitution > stipulates that both the House and the Senate must have at least half their > members present, a quorum, to vote on any bill. According to this myth, the > Senate voted on the Federal Reserve Act (known as the Currency Bill at the > time) deviously in a late night session when most of its members had gone > home or had left town for the holiday. This was done to impose the will of a > pro-banker minority on the objecting majority. Since no quorum was present, > the Federal Reserve Act is not valid. > This idea is better described as folklore than a full-blown conspiracy theory > because I've never been able to find it in print, only on occasion on Usenet > or in e-mail from readers. Gary Kah, author of En Route to Global > Occupation, came close when he wrote that the bill's supporters waited until > its opponents were out of town and it was passed under "suspicious > circumstances" (Kah, p. 13-14). > > Nevertheless, the myth has no basis in fact. The House passed the bill > 298-60 on the evening of Dec. 22, 1913.3 The Senate began debate the > following day at 10am, and passed it 43-25 at 2:30pm.4 > > What of the missing Senators? Since there were 48 states in 1913, forty > eight votes plus the tie-breaking vote of vice-President Thomas Marshall > would have been sufficient to approve the bill even if all absent votes had > been cast against the bill. However, many of the missing Senators had their > positions recorded in the Congressional Record.1 Of the 27 votes not cast, > there were 11 'yeas' (in favor of the bill) and 12 'nays.'1 Even if the > absentee Senators had been there, the Currency Bill would have passed easily. > > President Wilson signed the Currency Bill into law in an "enthusiastic" > public ceremony on Dec. 23, 1913.4 > > References: > > 1. Congressional Record, 63rd Congress, 2nd Session, Dec. 23, 1913, pp. > 1487-1488. > > 2. Kah, Gary (1991), En Route to Global Occupation, Layfayette, La.: > Huntington Press. > > 3. "Money bill goes to Wilson today," New York Times, pp. 1-3, Dec. 23, 1913. > > 4. "Wilson signs currency bill," New York Times, pp. 1-2, Dec. 24, 1913. > > ------------------------------ > > Date: Sat, 16 Oct 1999 12:56:33 EDT > From: Gavin Phillips <[EMAIL PROTECTED]> > Subject: Flaherty-Fed Interest is Payed Back > > -Caveat Lector- > > <A HREF="http://www.cofc.edu/~flaherty/interest.html">Myth #7: The Federal > Reserve charges interest on the currency we use.</A> Myth #7: The Federal > Reserve charges interest on the currency we use. > > In my experience this particular myth has alarmed more people than any other. > The Federal Reserve is a bank, no? Banks do not lend money for free, right? > Our currency comes into circulation only when the government borrows > currency from the Fed -- at interest -- and then spends it into the economy, > right?. This means we, as citizens, pay interest on the very currency that > we use. Conspiracy theorists believe this is part of the alleged "New World > Order" plot to bankrupt the United States. > What is the truth here? Does the government really pay interest on our paper > money, Federal Reserve Notes? Thomas Schauf of FED-UP, Inc. circulates an > information letter in which he writes: > > "Why pay interest on our currency? A typical incorrect answer is - the FED > profits are returned to the U.S. Treasury. The truth is, the FED is a > private bank in business for profit. We pay roughly $300 billion in interest > on our artificial debt and by special agreement, the U.S. Treasury receives > $20 billion in return. Taxpayers lose $280 billion to the FED banking system > per year ... Your local library has these dollar figures. The numbers don't > lie."5 > Schauf also argues that the Federal Reserve system is part of the > international banking conspiracy, and that President Kennedy might have been > assassinated because he allegedly attempted to curb the power of the Federal > Reserve (See Myth #9). The currency interest issue is also raised by other > conspiracy theorists. Television evangelist Pat Robertson in his book The > New World Order and Jacques Jaikaran in Debt Virus make identical claims, as > does the organization Americans for Better Transportation (formerly known as > the Coalition to Reform Money). > How accurate are these claims? Some of Schauf's statement is correct. The > Treasury Department prints Federal Reserve Notes and then sells it to the > Federal Reserve system for an average cost of about 4 cents per bill (see > FedPoint #1). However, the Fed must present as collateral for the currency > an amount of Treasury securities that is equivalent in value to the currency > purchased. The Federal Reserve collects interest on all the Treasury > securities it owns, including the ones held as collateral. This is as far > into the realm of fact as Schauf's statement can take his reader. > > What Schauf does not tell his reader is that nearly all the Federal Reserve's > net earnings are repaid to the Treasury. This is done per an agreement > between the Board of Governors and the Treasury. Schauf says this 'typical' > answer is incorrect. Shown below is the abbreviated income statements for > the F DECLARATION & DISCLAIMER ========== CTRL is a discussion and informational exchange list. Proselyzting propagandic screeds are not allowed. Substance�not soapboxing! These are sordid matters and 'conspiracy theory', with its many half-truths, misdirections and outright frauds is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRL gives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credeence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://home.ease.lsoft.com/archives/CTRL.html http:[EMAIL PROTECTED]/ ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
