Dr p Beter Audio Letter 80

7/25/2019 Dr p Beter Audio Letter 80

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DR PETER BETER Audio Letter #80

Hello, my friends, this is Dr. Beter. Today is November 3, 1982, and this is my AUD! "#TT#$% &8'.

Be(innin( )ith this AUD! "#TT#$ *m ma+in( a small shift in my reordin( shed-le from the end of eah

month to early in the month. This han(e )ill hel red-e onflits )ith holidays and other roblems d-rin( the

o-rse of the year.

/or years no) a familiar slo(an has been -sed in the advertisements for a o-lar ain reliever. The slo(an )as

so effetive that it heled b-ild ann-al sales of nearly half a billion dollars. The ain reliever beame &1 in

Ameria )ith 30 of the mar+et, and yet for )ee+s no) this famo-s slo(an has been heard no more. The

slo(an )as Tr-st Tylenol. Hositals do.4 "iterally over ni(ht, 5-st a month a(o, Amerians by the millions

stoed tr-stin( Tylenol. A n-mber of eole in 6hia(o had s-ddenly died after ta+in( #7tratren(th Tylenol

as-les.

By !tober 1, si7 )ere dead and a n-mber of others (ravely ill. A fe) days later the death toll rose to seven. The

Tylenol as-les )hih they had ta+en had been ontaminated )ith one of the deadliest of all oisons, yanide.

nstantly headlines abo-t the Tylenol massare -shed all other ne)s stories into the ba+(ro-nd here in the

United tates.

A nation)ide alert )ent o-t for eole to sto ta+in( Tylenol as-les -ntil f-rther notie. #veryone )as told to

loo+ for t)o s-set bathes of Tylenol, identifiable by their serial n-mbers. The boomin( Tylenol as-le

rod-tion line )as sh-t do)n. The man-fat-rer la-nhed a Tylenol as-le reall ro(ram. :any Tylenolrod-ts )ere )ithdra)n from dr-( store shelves, and those that remained )ere sh-nned by fri(htened

-stomers.

Th-s be(an a ne)s story )hih has remained on everyone*s ton(-e for a solid month. n most ases even the

most dramati ne)s stories be(in to loss their imat after a )ee+ or so;b-t not the Tylenol sare. t has been

n-rsed alon( )ee+ after )ee+, iee by a(onihiladelhia.

Those stories revived fears of a nation)ide oisonin( threat all over a(ain. By midmonth the searh for the

Tylenol +iller )as losin( in on the 6hia(o area itself. /or another )ee+ or so there )ere sensational stories

day after day abo-t alle(ed hot leads4 in the ase.

?rad-ally they all fi


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oyat rimes by a fe) -nstable individ-als here and there. Those oyat rimes )ere slo) in omin(, so the

ma5or media )ere enlisted to hel set them off. Time after time television ne)s reorts abo-t the Tylenol tra(edy

di(ressed into dis-ssions in the @hat if...4 ate(ory.

@hat if the oison had been -t not in Tylenol b-t erhas food or Hallo)een andy4 said thetelevision voies.

Time after time they ointed o-t ho) easy it )o-ld be to do that and (et a)ay )ith it. And s-re eno-(h, s-ddenly

it started haenin(. Here and there eole reeived eye b-rns from ad-lterated eye dros. A man ended - inhosital after oisonin( by )ay of a arton of hoolate mil+= and Hallo)een andy be(an sho)in( - )ith

oison, needles, and ra


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The Stock Market - 1980s/190s

n reent )ee+s there*s been one seemin(ly bri(ht sot in the inreasin(ly (rim United tates eonomy. @ith

-nemloyment limbin(, ban+r-ties sreadin(, and fatories idle, the to+ :ar+et alone has ated heerf-l.

n A-(-st the roset of droin( interest rates beame the e7-se for a dramati -t-rn in sto+ ries. !ver

the ast 21G2 months )e*ve seen a series of )ild s)in(s on @all treet that seem to defy all lo(i.

$eords have been set in tradin( vol-me on one day only to be shattered by an even lar(er reord on another

day. everal times reently the oneday 5-m in the Do) ones avera(e has reahed reord levels. !ne of those

days )as !tober 8, the same day that it )as anno-ned that the offiial -nemloyment rate has reahed

do-ble di(its.

@ith -nemloyment at levels not seen sine the ?reat Deression, the to+ :ar+et has ontin-ed to soar.

Three days after the anno-nement of do-bledi(it -nemloyment, the to+ :ar+et assed the 1''' mar+ on

the Do) ones ind-strial avera(es. The sit-ation )e are seein( no) is desribed )ell by an artile released by

the Assoiated >ress in A-(-st.

The artile be(ins in the )ords, and C-ote

@all treet, )hih )aited for years for the reession to be(in, is startin( to at li+e the eonomido)nt-rn is 5-st abo-t over. #ven as omanies reort that their rofits in the seond C-arter )erelo)er than last year, the to+ :ar+et has ontin-ed a rally that has -shed - the Do) onesind-strial avera(e to its hi(hest levels in three years.4

:y friends, the artile from )hih 5-st C-oted )as -blished in A-(-st, as said;b-t not A-(-st of this year t

is dated A-(-st 3, 198', over t)o years a(o. At that time the to+ :ar+et aeared to be sayin( the same thin(

it aears to be sayin( no), that better times are 5-st ahead= b-t of o-rse better times )ere not ahead. The

to+ :ar+et b-bble of t)o years a(o b-rst after a )hile, )hile the eonomy +et headin( do)n)ard.

@hat is (oin( on in the to+ :ar+et ri(ht no) is 5-st another st-nt +no)n in some irles as a Bear Tra.4 A

bear tra is an eisode of (ross mani-lation of the to+ :ar+et by ertain lar(e instit-tional investors to

-nload -n)anted sto+s. first desribed ho) a bear tra )or+s in AUD! "#TT#$ No. 33 )hen the bear tra

too+ lae in the srin( of 1908. Another too+ lae aro-nd the late s-mmer of 198', rod-in( the artile from

)hih C-oted earlier= and no) in the a-t-mn of 1982 )e*re )athin( as another to+ :ar+et bear tra snares

its vitims.

D-rin( etember, and eseially !tober, lar(e amo-nts of -n)anted sto+s )ere s-essf-lly d-med onto

small investors. nstead of settin( another ne) reord for a oneday rise in sto+ ries, the Do) ones set a

more dist-rbin( reord a fe) days a(o. !n :onday !tober 2I the Do) droed more than 3J oints, the

lar(est oneday dro sine the rash of 1929. The e7-se (iven )as that s-ddenly there are si(ns that those

droin( interest rates 5-st mi(ht head - a(ain.

:y friends, the fat is that even a tho-sand K1'''L on the Do) is )orth only abo-t as m-h as '' a deade a(o

d-e to inflation, and the )ildness of the -s and do)ns lately are a very omino-s si(n. They are a symtom of

instability in the :ar+et, meanin( a small stim-l-s rod-es bi( effets. That is )hat haened to the to+

:ar+et in 1929, too, 5-st before the bi( rash. The United tates eonomy is f-ndamentally si+, and no) it is


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havin( hills and fever as refleted by the to+ :ar+et -anddo)n 5-ms. The t)o en(ines of o-r eonomy,

a-tomobiles and onstr-tion, are still r-nnin( at abo-t half seed. n the ast *ve e7lained )hy a s-stained

deression in these t)o areas )o-ld inevitably sread to en(-lf o-r )hole eonomy. And no) it is haenin(

Unemloyment, as meas-red by the ?overnment*s (rossly -nderstated statistis, reahed 1'.1 er ent in

etember, the hi(hest sine the ?reat Deression. Ban+r-ties, too, have no) reahed a ae -neC-aled

sine the ?reat Deression.

/armers are in a tailsin )ith ro5eted farm inomes for 1982 do)n 2 from 1981.

Ba!ki!" Sste$ Situatio!

And then there are the ban+s. The ?reat Deression of the 193's really be(an not )ith the 1929 to+ :ar+et

rash b-t )ith the ollase of o-r ban+in( system after)ard. "i+e)ise today, it is not the hills and fever of the

to+ :ar+et that are the (reatest eonomi dan(er;it is the dan(ero-s ondition of o-r ban+s.

@hen reorded AUD! "#TT#$ No. in :arh 1909, reorted that the Bolshevi+s here in Ameria )ere

(oin( after the ban+s.

The Bolshevi+ o- d*etat a(ainst their former $o+efeller allies had be(-n t)o months earlier )ith the m-rder

of Nelson $o+efeller= and by that :arh, Bolshevi+ moles )ere (oin( to )or+ thro-(ho-t the $o+efeller

ban+in( emire. As reorted in AUD! "#TT#$ No. , they )ere startin( at the to )ith the (iant 6hase

:anhattan Ban+. f the Amerian Bolshevi+s an shatter $o+efeller ban+in( o)er, the $o+efeller artel may

)ell be doomed

:y friends, the roess )hih first made -bli in AUD! "#TT#$ No. is no) far advaned. D-rin( the first

ei(ht months of this year 20 ban+s failed here in the United tates. :any others are teeterin( on the ed(e, and

on A-(-st 23 it )as anno-ned that five of Ameria*s lar(est ban+s are in dee tro-ble. They are dee in the

red4 d-e to the inability to ollet on h-(e bad loans. The five ban+s )hih )ere in the ne)s that day are all

members of the $o+efeller (ro-, and one of them is none other than 6hase :anhattan itself.

The roblem of bad loans no) la(-in( the $o+efeller ban+s is destined to 5-st +ee (ettin( )orse, not better.

The final r-shin( blo) that o-ld brin( the $o+efeller ban+s rashin( do)n is the mo-ntain of bad loans to

forei(n o-ntries. Fears a(o )hen the $o+efeller artel had no rival in (overnmental o)er here, those loans

)ere made )itho-t onern. @henever loans )ent bad, they al)ays made s-re the Amerian ta7ayer bailed

them o-t thro-(h vario-s (overnmental devies= b-t no) the sit-ation has han(ed.

The $o+efeller artel no lon(er e7erises s-ffiient o)er over the )hole of the United tates ?overnment to

bail itself o-t in this )ay. nstead their enemies, the Bolshevi+s here, are inreasin(ly able to blo+ the

$o+efeller (ro-.

This ne) sit-ation )as refleted in the @orld #onomi 6onferene of the @orld Ban+ and nternational


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:onetary /-nd t)o months a(o. At the onferene, )hih )as held in Toronto, 6anada, the $o+efeller and

Bolshevi+ fations sC-ared off a(ainst one another;and, my friends, the Bolshevi+s )on Here is basially )hat

haened $o+efeller artel ban+in( oeratives both from Ameria and from abroad ar(-ed for inreased

C-otas for the nternational :onetary /-nd;that is, they ar(-ed that the United tates and other develoed

nations sho-ld donate tens of billions of dollars to over inreased international loans.

$o+efeller so+esmen resented their ar(-ments in terms of the needs of the Third @orld nations, b-t )hat

they )ere really )orried abo-t )as the ossible onseC-enes to their o)n ban+s of bad loans to the Third

@orld. nreased :/ C-otas from artiiatin( nations o-ld have heled bail them o-t of tro-ble. That is )hat

the $o+efeller (ro- tried to do by enlistin( the s-ort of the Third @orld nations themselves. B-t the

Amerian Bolshevi+s sC-ashed it

ea+in( in Toronto on etember J, the entity $ea(an delared

The United tates annot afford to bail o-t the )orld.4@hat he really meant )as that Ameria*s Bolshevi+ (overnment )as not abo-t to bail o-t the $o+efeller artel

;and )ith that, inreased :/ C-otas )ere ref-sed.

o no), my friends, the $o+efeller artel ban+in( interests fae an -ntenable sit-ation. They hold vast amo-nts

of loans to Third @orld o-ntries, and a lot of it is b-nhin( - and omin( d-e. D-rin( 1983 more than half

trillion dollars in these loans )ill be omin( d-e. Abo-t 8' er ent of that o-ld end - (oin( -naid to the

ban+s by finaniallytro-bled nations. That )o-ld add - to a ombined defa-lt of more than fo-r h-ndred billion

dollars KM'',''',''','''L. f the bi( ban+s sho-ld lose even a fration of that -nthin+able amo-nt, it )ill sell

disaster for Ameria*s entire ban+in( system

ery C-i+ly the ollase )ill en(-lf the entire international ban+in( system as )ell. As ma5or Amerian ban+s

ollase, redit lines to ind-stry )ill be -t off.

Unable to finane ontin-ed oerations, more and more b-sinesses )ill lose their doors, -nemloyment )ill

m-shroom, and the deression )hih )e already e7eriene )ill (ro) far )orse. The -bli )ill lamor for the

?overnment to do somethin(;and do somethin( it )ill There )ill be reflation of o-r -rreny Kthat is, more

inflation in the deths of deressionL, and sooner or later the entity >resident $ea(an or his s-essor )ill

delare a NAT!NA" #6!N!:6 #:#$?#N6F;shades of /D$ and 1933.

There is an ironi arallel bet)een all of this and )hat haened half a ent-ry a(o to tri((er the ?reat

Deression. n the early 193's a ma5or Ne) For+ ban+ alled the United tates Ban+ of Ne) For+4, a rivateban+, teetered on the ed(e of fail-re. The ban+ aealed for hel to the /ederal $eserve ystem, )hih by its

harter is s-osed to be the lender of last resort= b-t the /ederal $eserve ref-sed to ome to its aid. The res-lt,

)hih )as reditable, )as the fail-re of the United tates Ban+.

That started a hain reation d-e to shared loan arran(ements and other fators )hih lin+ed that ban+ to many

others. @hen the United tates Ban+ failed, it dra((ed do)n others, )hih dra((ed do)n still others. The

ro(ressive ollase of m-h of Ameria*s ban+in( system dra((ed Ameria*s )hole eonomy do)n)ard into


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the ?reat Deression;and all bea-se of the deliberate ination of the rivatelyo)ned /ederal $eserve

ystem.

Today the arallel to all this is ta+in( lae at the international level. This time it is not 5-st one ban+ b-t the

)hole $o+efeller ban+in( net)or+ that is teeterin( d-e to bad international loans. o the ban+ers have

aealed for hel thro-(h the international analo( of the /ederal $eserve ystem;that is, the :/. B-t at the

Toronto #onomi 6onferene the soalled $ea(an Administration revented that aid from bein( (iven. As ares-lt, the )hole $o+efeller ban+in( net)or+ is headin( to)ard almost ertain disaster= and bea-se the

lin+a(es amon( ban+s that e7isted in the 193's e7ist a(ain today, the )hole ban+in( system of Ameria and the

)orld is threatened The irony, my friends, is 5-st this n the 193's it )as the $o+efeller interests )ho heled to

brin( abo-t the ban+in( system ollase thro-(h their effetive ontrol of the /ederal $eserve ystem.

That )as ho) they aC-ired effetive ontrol of Amerian ban+in( after it )as reb-ilt, b-t this time the shoe is on

the other foot This time it is the $o+efeller ban+ers themselves )ho )ant hel and )ho fae disaster bea-se

it has been denied them.

The United tates is leadin( the )orld into a ne) deression even )orse than that of the 193's, b-t there is a

f-ndamental differene bet)een )hat haened I' years a(o and )hat is haenin( no) That differene has

to do )ith o-r -rreny itself.

n the 3'*s, times )ere hard b-t at least o-r money )as still stable and val-able. t )as to-(h to earn a dollar=

b-t if yo- did, yo- o-ld b-y a lot )ith it. Today, in the 8'*s, it*s different. The dollar is no lon(er stable= its val-e is

shrin+in( before o-r very eyes. @hile 5obs are vanishin( and )a(es are bein( restrained, even the dollars )e do

earn are losin( their b-yin( o)er.

The fat is that the United tates dollar is bein( destroyed deliberately. t is this roess of r-inin( o-r money

itself that is leadin( to all the other hain reations that are l-n(in( -s into deression. This is )hat )as tal+in(

abo-t in my 1903 boo+, TH# 6!N>$A6F A?ANT TH# D!""A$.

And the destr-tive tamerin( )ith Ameria*s -rreny is ontin-in(;and even seedin( - no)

Pe!di!" %R-&'8 - (100)00 Bi**

A year and a half a(o in AUD! "#TT#$ No. J3, revealed a sheme )as bein( oo+ed - to do a)ay )ith o-rresent M1''.'' bill. At that time the lan )as still in its infany. ine then it has ontin-ed to evolve even

tho-(h the ori(inal tar(et date in late 1981 )as not met.

!n the first day of last month, !tober 1982, the sta(e be(an to be set for ation in 6on(ress. A >ennsylvania

6on(ressman, $ihard h-l


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T! >$!D# /!$ TH# $#T$#:#NT !/ A"" UNT#D TAT# N!T# !/ TH#D#N!:NAT!N !/ !N# HUND$#D D!""A$ KM1''.''L AND TH#$ $#>"A6#:#NT @THN#@ N!T# !/ U6H D#N!:NAT!N.

As the title imlies, the resent version of the sheme embodies one notieable differene from that )hih

reorted a year and a half a(o. !ri(inally the lan )as to s-ddenly re-diate the M1''.'' bill alto(ether. No) the

lan is instead to ta+e a)ay the resent h-ndreds b-t relae them )ith ne)iss-e h-ndreds that loo+ radially

different. This refinement in tatis ma+es the lan loo+ a little different, b-t it )ill still aomlish all of the

ori(inal ob5etives.

To see ho) little the lan has really han(ed in the ast year and a half, one need only loo+ at the bill no) before

6on(ress, H$0283.

The ori(inal seret lan reC-ired that the resent M1''.'' bill be delared ille(al tender. "i+e)ise, s-bsetion O

of the bill in 6on(ress says, C-ote

-h notes shall ease to be le(al tender on a date to be determined by the eretary.4The ori(inal seret lan alled for holders of M1''.'' bills to be (iven a brief t-rnin eriod before they beame

)orthless, and no) H$0283 says in s-bsetion O, C-ote

The eretary shall rovide for a tenday eriod d-rin( )hih holders of ir-latin( United tatesNotes of M1''.'' to be retired may e7han(e s-h notes for ne)iss-e notes.4

A +ey aset of the ori(inal seret lan )as that anyone t-rnin( in more than a modest amo-nt of h-ndreds

)o-ld beome a-tomati tar(ets of s-siion. Fo-r name, address, and oial e-rity n-mber )ere to be ta+en

for investi(ation= and s-re eno-(h, here is )hat H$0283 no) says in s-bsetion O, C-ote

n any ase in )hih any one holder e7han(es M1''.'' notes in the val-e of MI,'''.'' or more,a reord of the name, address, and oial e-rity or federal emloyee identifiation n-mber shallbe reorded and for)arded to the Deartment of the Treas-ry.4

-bsetion KdL then says that this information )ill be rovided, C-ote

...to federal, state, and loal la) enforement a(enies for -se in riminal investi(ation orrose-tion.4

The e7-ses bein( (iven for all of this are still follo)in( the seret lan made -bli a year and a half a(o. n

AUD! "#TT#$ No. J3 reorted that the M1''.'' bill loy )o-ld be 5-stified as an atta+ on rime and inflation.

@hen 6on(ressman h-l


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:y friends, o-r money system is bein( orr-ted and destroyed. The res-lt is a ro(ressive, irreversible

disinte(ration of o-r eonomy of a +ind that did not haen in the 3'*s. @e are sliin( ba+)ard in the diretion

of the Dar+ A(es. Honest, stable money is essential to ivili

Documents

Dr p Beter Audio Letter 80