From: "Catherine Austin Fitts" <[EMAIL PROTECTED]>

One thing to keep an eye out as we are doing our research is that
increasingly "inside information" on new technology is more valuable
financially then money or equity or debt investment. Knowledge is more
valuable than money. I am not sure when we start to see database-drug trade
instead of -drug trade, but I know it is in the mix, and I would like to
help estimate some of the "pricing" dynamics that may help you see it in our
research.

If you note the reference to the Texas technology group below, it is
interesting to muse on what the stock market equity value is of the taxpayer
funded technology "given" away by the Bush and Clinton families over the
last ten years. I continue to be fascinated as to why these guys hit me on
trading on "insider information" That means, among other things, they want
me to have no credibility to point out there were doing it.

Let me give you a sense of how powerful the value of the knowledge is. I
started Hamilton with my 401(k) and proceeds from selling for first home in
Washington. I self- financed so that I could maintain voting control. I knew
that the political risks of the first prototyping phase were such that I
needed to control the voting stock. The equity value was controlled by
non-voting stock, which was distributed in stock bonuses to all employees at
Hamilton for a year or more according to performance. Before we started to
liquidate the company, it diluted by equity ownership down to about 33%.

We have a variety of assignments. Over a four year period we signed up $40MM
of contracts with HUD. The profit margin varied and was about 0-10%, and
provided a very thin margin of error given how risky and hard the business
was. The reason we did it was to build our knowledge banks through database
and software tool development. What HUD provided was some of the prototyping
opportunities that would help us figure out the pricing of reengineering
community investment. We reinvested all of our profits in developing these
tools and legal expenses associated with the risks of preventing HUD from
profiting by seizing back its own loan sales (we were not allowed to earn a
% on the $2.1 billion in profits we generated, but the enforcement and
covert bureacracies were willing to offer 25% and more for help seizing them
back).

I estimate that the company-without the swat---could have been sold or
recapitalized with private investors by 1999 at an equity value of
$100-250MM. The core profit potential was in private advisory work and
secondary market trading based on our place based databases. Part of this
was the joint venture opportunities we would have had with high tech
companies and trading operations, if the federal government had not
continually assured the marketplace that I would go to jail and they would
own and control all of our intellectual capital.  If my business plan worked
and we had not sold out, the value would have reached much much more.

That is the capital gains potential on a business that was going to be
entirely private where we invented the technology with years of sweat equity
and private investment prototyping----and we would be proceeding into the
market with no government contracts, guarantees or financing. In a situation
where the technology transfer is combined with government contracts and
financing, someone can generate sustantial capital gains very quickly with
very little work....just the support and help of someone like Bush or
Clinton to pick up the "knowledge franchise". This type of knowledge
transfer was seen in the Inslaw/Promis case, it our case, the mechanics
without the high tech are seen in a half a trillion plus privitization of
the prisons system, and I suspect that much of the game around non-lethal
weapons and mind control contracts involves similar knowledge 'give aways".

Not sure how we start to estimate the Dow Jones value of knowledge and
technology being transferred like this, but I am going to think about it
because people need to see the stock market and profit value of these
regulatory, legislative and government contract or knowledge give aways.

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http://www.newsmakingnews.com/


THE RIVERS OF GOLD BECOME RIVERS OF BLOOD AS STAR WARS
                          BECOMES BRILLIANT PEBBLES     AND FINALLY TURNS
INTO DUMB
                          ROCKS.

                          THE MURDER OF LEE SCOTT HALL, DESIGN ENGINEER, AT
THE
                          LAWRENCE LIVERMORE LABORATORIES.

                          "Hall had been trying to bring attention to a
miscalculation in a multi-million dollar
                          installation of super laser beams that is part of
the ignition facility....... Police Detective
                          Charlie Garrison said, "We think Lee Hall is the
only one who knew to this day exactly
                          what the problem is and its fix".
                                       San Francisco Chronicle Article,
2-15-2000 By Mike Weiss http://www.sfgate.com

                          During a speech about Grenada in March 1983,
President Ronald Reagan announced
                          his idea for a space-based missile shield to
protect the United States from incoming
                          missiles.  Following a meeting with physicist
Edward Teller who was adamantly against
                          any agreement to freeze the development of nuclear
arms, Reagan urged full speed
                          ahead and set in motion a project that startled
even his closest Pentagon advisers.  In
                          the era of George Lucas' Star Wars movie craze,
Reagan dubbed his Strategic Defense
                          Initiative, "Star Wars".

                          From 1983 to 1985 Edward Teller and his colleague,
Lowell Wood, lobbied anyone who
                          would listen, telling the world that SDI was the
greatest thing since Reagan's jelly
                          beans.  A sales pitch was necessary because the
first stage deployment would cost the
                          taxpayers about $15 billion.  A fully deployed
space-based system would cost $150
                          billion, IF the technology was realistic and IF
the project could be brought in on time.

                          By the middle of May 1988, countless scientists
were openly questioning the viability of
                          "Star Wars".  The cost in 1988 was $12 billion and
constantly climbing.

                          Senator Barbara Boxer, D-San Rafael, described the
SDI as the president's
                          "astrological dream...a dream of laser weapons
powered by nuclear explosions, particle
                          beam weapons, chemical rockets and space-based
interceptors parked in 'garages' in
                          orbit".

                          It was an exciting, accurate description and it
fired an imaginative mind.  The Evil
                          Empire still represented to the US, in the minds
of its citizens and in the eyes of the
                          President.  a very real threat to our daily
existence.

                          An article by Robert Scheer that appeared in the
Los Angeles Times Magazine on July
                          17, 1988 told of the dissent of scientists who
were responsible for engineering the
                          program.  Entitled "The Man Who Blew the Whistle
on Star Wars," it quoted the featured
                          subject of the article, Roy Woodruff.  Woodruff
was head of Lawrence Livermore
                          Laboratories "R" Division, the scientists and
technicians responsible for developing an
                          actual working laser.  Woodruff stated, "We were
not in an engineering phase then and
                          we are not today".

                          One of the biggest military research projects of
all time, Star Wars was constantly
                          re-invented by its backers.  On February 16, 1991,
The Baltimore Evening Sun's
                          editorial drew its readers' attention to the
subtitle of the 1964 anti-war classic film "Dr.
                          Strangelove", which was:  "How I Stopped Worrying
and Learned to Love the Bomb".
                          The editorial continued:


                               That pretty much tells what has happened in
the first two weeks of the
                               Persian Gulf war; the brass hats have
succeeded in getting the romance of
                               weaponry back on track by daily touting the
dazzling feats of planes and
                               missiles.

                               So it comes as no surprise that proponents of
"Star Wars" have seized the
                               moment to urge that their favorite weapons
system be restored to the
                               prominence it had in the Reagan
administration before it was quietly
                               relegated by President Bush to the deep
freezes of the Pentagon's
                               contingency planning sections.

                               The argument goes like this: Since the
Patriot missiles have proved to be so
                               successful in shooting down Iraqi "Scud"
missiles, then let's build "Star
                               Wars" right away - and hang the cost - so we
can shoot down all ballistic
                               missiles.

                               That argument is about as ludicrous as saying
that now that we've put
                               astronauts on the moon, let's put a few on
the sun.

                          In 1999 the SDI organization's response to such
criticism was to change the name of the
                          project from "Star Wars" to "Brilliant Pebbles"
and delay deployment two years until
                          fiscal 1995.  It was also announced that the
Lawrence Livermore Laboratories would
                          remain a key part of the newly named project that
critical scientists were already
                          dubbing "Dumb Rocks".

                          The fact that SDI, by 1995, would violate the
U.S.-Soviet treaty limiting anti- ballistic
                          missiles was pushed aside and forgotten.

                          By 1992 the Cold War was evaporating.  Silicon
Valley's Sun Microsystems hired
                          Russian scientist Boris A. Babayan to set up a
laboratory in Moscow for their company.
                          Babayon had created the supercomputers used to
design nuclear weapons for the
                          Soviet space program and its military.  The times
they were a-changin'!

                          By 1994 even the scientists at Lawrence Livermore
Laboratories were moving to
                          protect their income by spinning off companies to
use the technology developed from
                          the Lab's Brilliant Pebbles project development in
1992.  Admitting that the Star Wars
                          effort was unlikely ever to be deployed,  it was
speculated that spin offs such as
                          WorldView Imaging Corp. could employ the
technology and profit from it.

                          In 1996, Gary Chapman, director of the 21st
Century Project at the University of Texas,
                          writing for the Los Angeles Times, said:


                               One panel was charged with looking at the
computer requirements for a
                               system that would necessarily be controlled
remotely and at speeds beyond
                               human capacities for reaction.

                               A member of this panel was David L. Parnas,
world-renowned software
                               engineer and professor of computer science in
Canada (although Parnas
                               was a U.S. citizen and a longtime Pentagon
consultant).  Parnas spent two
                               days listening to Air Force briefings, then
in June 1985 he resigned from the
                               advisory panel, concluding that the
fundamental computer requirements for
                               strategic defense could never be satisfied.

                               Parnas, an eminent scientist, was shamefully
called a "traitor" by Defense
                               Secretary Caspar Weinberger in 1985.  Will
the Republicans insist in 1996
                               that we ignore the limitation of computers in
order to be considered patriotic
                               Americans?

                          Many crimes were committed against United States
scientists by their own government
                          during the Cold War years of the 1980's.  The vast
majority of those crimes were
                          executed to support political agendas such as Star
Wars and Operation Exodus.  The
                          orders came from the highest political powers in
Washington D.C. and were carried out
                          by the U.S. Department of Justice, state and local
district attorney's offices and their
                          supporting law enforcement agencies.

                          In 1988 a brilliant software engineer and
programmer  was arrested and tried under
                          federal Operation Exodus laws for the theft of
Saxpy Computer's technology.  The
                          motive behind the decision to prosecute Anderson
under federal law, for what
                          amounted to a state crime, was the Federal
Government's desire to capture the man
                          they called "The Techno Bandit of the Decade",
the infamous Charles McVey.  This
                          author wrote the following letter to various
newspapers at that time:

                               Editor:   There was a reporter on your staff
who has been covering the Kevin Eric
                               Anderson case since his arrest on October 22,
1987.  Diane Brooks has exhibited
                               the qualities of compassion, understanding,
objectivity, and commitment in
                               covering this story that the vast majority of
the American public wishes were
                               inherent in every reporter covering every
story.

                               Kevin has been in prison, presumed innocent,
now for seven months.  He has
                               been there held without bail through a series
of manipulations masterminded by
                               U.  S. Joseph Russoniello and his underlings,
Leland Altschuler and Dale Zusi.
                               The vast majority of the media has cooperated
by refusing to publish anything in
                               his defense even though they have been
deluged with letters and documentation
                               supporting the contention that Kevin Eric
Anderson is innocent, and was, in fact,
                               entrapped by the Justice Department after
they had been made aware of Kevin's
                               desires to cooperate with them as early as
1985.

                               The true guilty parties in this case are
those people who have prostituted our
                               legal system to serve their own egos and
career ambitions.  The end result in
                               simply greed: justice has nothing to do with
it.

                               So long as we, as a people, continue to allow
the imprisonment and control of the
                               best and brightest minds in our country by
the overly ambitious prosecutors, the
                               lingering fears of the Cold War, and the myth
that is "Star Wars", we will continue
                               to lose the high-tech race to our
competitors.  We must regain the freedom of the
                               creative mind to realize the potential of our
dreams.

                               We firmly believe that Kevin Anderson is
innocent of the charges brought against
                               him.  We further believe that if he had been
given his constitutionally guaranteed
                               right to reasonable bail, his
constitutionally guaranteed right to the presumption
                               of innocence, the right to see his only
child, the day-to-day love and support of his
                               family and his many friends, he would prove
his innocence.

                          In reply to a horrendous hit piece written by
someone named Joshua Hammer in the Los
                          Angeles Times Magazine dated June 5, 1988, this
writer wrote the following poem to
                          comply with the demands of the publisher who
limited all letters to the editors  written in
                          defense of Kevin Anderson to very few words:

                          For Kevin Eric Anderson: Who loves poems and
poets:

                               In a far off land there is a lonely man
                               Held so he won't run wild.
                               True he is fed and given a bed,
                               Taxes pay for his defense and child.
                               But the baby cried for the father denied,
                               He is seven months in jail.
                               Justice aside, the judge replied,
                               "Star Wars" orders - held without bail.

                               Political prisoners are in other lands, you
see
                               We live in the land of the brave and of the
free.

                          Twelve years later, I would stand by every word I
wrote in 1988.  Careers, politics,
                          money, secrecy, power and prestige are all at
stake when an honest engineer
                          endangers an ill-advised but heavily-financed
project.  It is a very real possibility that
                          murdered design engineer Lee Scott Hall is the
victim of the politically charged
                          atmosphere surrounding the myth that is "Star
Wars".

                          How did  our scientists lose their freedom and why
were they
                          targeted?

                          NEXT:  PART THREE:

                          OPERATION EXODUS - THE BEGINNING OF THE END.
ATTACKING
                          OUR OWN INGENUITY!


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