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Show VITAMINS AND THE FDA Page 15 VOL. 4, NO. Salt Lake City, Utah 84115 39 n TLftTir M We interviewed Mr. Holt in his offices at 277 Park Avenue, New York City. We turned first to the mounting inflation in America. PCCE: What do you expect to be the TIU Ini tightening credit trend for seriously. On the contrary, , the inflation? Fed has allowed the money HOLT: I doubt very much that supply to increase at a record any meaningful steps will be rate during the past year. The taken by the government to more money is created, the The more bank loans become stop inflation. administration has already outstanding and the more bank done all it can in the sense of customers are in debt. limiting the fiscal deficit and Interest rates have been going I dont imposing controls. up because the banking system, think the Federal Reserve as well as individuals and Board will do anything corporations, are now' constructive. In the past few extremely illiquid. For the Fed Burns Chairman the bank loan to years, example, has blamed inflation on deposit ratio is now the highest everyone and everything else, on record, not just higher than but he has not indicated any during the 0 money desire indeed but from on the higher than Reprinted, by permission, part of the FRB to crunch, I in 1921 and in 1929. When an exclusive fnterview by the slow down inflation, and dont see why he would do so banks do not have enough Pacific Coast Coin Exchange. now. money to lend, the only way to long-ter- m 1969-197- GRISMORE SUES FOR $5.7 MILLION 'SIPTJ&BER 27 1973 OOLLP II PCCE: Is this w'hy weve seen interest rates going through the roof this year? Yes. HOLT: You see, the Federal Reserve hasnt really been 254 get more money is to pffer exorbitant interest attract deposits. to rates HOLT: Likewise, when businesses are illiquid, they must pay fantastic rates to get loans just to keep themselves financially solvent. PCCE: How high do you think interest rates are likely to go ? HOLT: Short term interest rates could go up to 15 . We see Federal funds over 10 in recent days already. At some point, moreover, there will be no money available to marginal borrowers. With money remaining tight in spite of Mr. Burns, banks will become more selective with their clients. . individuals Those and corporations who do not enjoy top credit rating are usually the ones who need money the most to tide them over. And they may not get it. This is when your bankruptcy rate will Asst US Attorney IRS Director attempted IRS Agents UTAH INDEPENDENT 2459 Major Street Salt Lake City, Utah 841 15 Second Class Postage John Grismore Paid at Salt Lake City, Utah John F. Grismore and his wife Karma filed a $5,700,000.00 (Five Million, Seven Hundred Thousand Dollar) suit today in Federal District Court in Salt Lake City, Utah. Named in the suit were Aldon J. Anderson, Cl Id ; Federal District Judge; Daniel A. Alsup, Federal Magistrate; C. Nelson Day, U.S. Attorney; Glenn J. Mecham, Assistant U.S. Attorney; Roland Wise, Director of the Internal Revenue for Utah; Sherman Schocket, Chief of the to seize an automobile that didn't even belong to him. The Agents, according to Grismore, didn't have a Court Order authorizing such a seizure nor had there ever been a hearing or trial for the purpose of determining whether or not the Grismores owed any additional tax for the year 1968, the year in question. To prevent them from taking the automobile Mrs. Grismore called the County Sheriff and within minutes four police cars converged on the Grismore The Police Officers home. recognizing the lack of a Court Order authorizing seizure did not offer any aid whatsoever to the IRS Agents but rather were instrumental in stopping the from Government Agents the automobile. seizing For this action Grismore was charged with the above crimes in Federal and convjcted District Court presided over by Aldon J. Anderson. Grismore claims that he docs not owe an Intelligence Division for Utah; Calvin E. Pon, Revenue Officer; Ronald P. Harrington, Agent in the Intelligence additional tax for the year 1968 Division; John E. Hunt, Agent or for any other year and that in the Intelligence Division; the action of the IRS has been and the twelve Jurors who nothing less than convicted Grismore on July 13, harassment and intimidation. 1972 of Forcible Rescue of He claims that his right to Seized Property and Continued on page 9 has. government And politicians know that when the whole economy is so illiquid, any business contraction can into snowball a major catastrophe. Naturally, they would like to postpone that indefinitely. sooner or later the boomerang must come back. Politicians cannot overcome free market forces. So think we will have more inflation for a while, then collapse and depression. But 1 Continued on page 8 armed citizenry is a hugh handicap to would-b- e dictators. A citizen's right to keep and bear arms is so essential to freedom that tyranny must follow if it is abrogated. Colonel Mohr adds. The Nixon Administration is being less than honest with people when it promotes legislation which would Officers in the Performance of their Duties. Grismore claims that Agents Pond, Harrington and Hunt trespassed on his property and Federal Magistrate US Attorney suppose, because it is always easy for the government to print paper money. It is a unique power that only the Colonel Mohr Reports: GOVERNMENT GUN GRAB Federal Federal Judge We will first have an then economic sjbwdown, more inflation partly. I increase. Interfering with and Impeding Grismore Sues jfCCE: fyficrc will this lead us? require Colonel Jack Mohr Warns of Government Gun Grab registration and subsequent confiscation of all rifles, shotguns, and pistols as the answer to our rising crime rate. 'The current wave ot anti-gu- n hysteria is being deliberately promoted to deceive the American people into accepting the idea that gun registration will end or greatly reduce crime, violence, and Communist terrorism. An Mohr believes Colonel American citizenry which is well armed with personal firearms, and possessing the knowledge to use them effectively and properly can reduce the volume of crime. Gun control laws wont stop criminal's from obtaining weapons with w hich to commit violence -criminals do not and will not The basic register their guns. problems is not guns, themselves, but the people that may use them. More attention should be given to the conviction of criminals by the courts rather than to harassment of citizens. law-abidi- ng I.t. Colonel Mohr, a retired army officer, is one of the nation's most highly decorated veterans of the Colonel Mohr Korean War. the complete v that charges disarmament of the American people is the objective of the federal government. And this goal will become reality unless there is A well- sufficient opposition. Colonel Mohr states, Since today, we have more restrictive firearms legislation than ever before, and today there are more crimes of violence, more in actual number, and more in proportion to the total populationThe objective of the gun control lobbyists is not really gun control control. but rather people |