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Show 2 The UTAH Independent September 27 Pag The Paper That Dares To Take A Stand 1973 READERS Independent OUTLOOK Dedicated To I The Constitution, Liberty, Morality, and Truth 2. Free men can vote themselves into slavery, but slaves cannot vote themselves free. Profile of a Wise Economist Born in Hong Kong, Mr. Holt lived in Shanghai through the runaway inflation tnat devastated China after World War 11. He left China in 1947 after having received a degree in economics from St. J ohns University, an American missionary college and came to the United States to study textile engineering. Although he graduated in 1950 with honors. Holt could not find any employment in the textile field. So, he took the only a week. job he could get at the time as a packing clerk for $30 At night he continued his study of economics. 1 was dead broke and could not afford going to night school, he says. I went to the public library after work to study economics and finance, because that was my first love. His career as an investment analyst began when he landed a trainee job with Value Line, a major advisory service. He worked his wav up there for about 7 years. Then, he became associated with two investment banking firms, and in 1963 helped to launch an investment advisory service for the Research Institute of America. His career as an investment analyst began when he landed a trainee job with Value Line, a major advisory service. He worked his wav up there for about 7 years. Then he became associated with two investment banking firms, and in 1963 helped to launch an investment advisory service for the Research Institute of America. After having been in the investment field for close to 15 years, Mr. Holt decided to go into business for himself. He says,! felt for that most advisory services w ere just traders. Even the supposedly better ones were hardly ever w illing to stick their necKs out and tell investors exactly what to tip-she- ets TOM ANDERSON Address Correspondence To 37863 Pigeon Forge, Tennessee OPEN LETTER TO: President Richard Nixon White House Washington, D.C. Mr. President: U.S.A. Draftees To As a lawyer you must appreciate the irony of a litigants building his case on a document he, himself, has ignored, circumvented and even of his position to its lent the in-and-- out the State-Feder- Russian-America- al portfolio management services and to publish Tne Holt Investment Advisorv. Since then, Mr. Holt has regularly stuck his neck out by making unequivocal and sometimes unpopular opinions of the economy and the market. The New York Times savs Holt has been considered on of the great villains of Wall Street because he has fearlessly been forecasting virtual disaster for the market for several years. Business Week says he may quality as the Superbear of the year. Although Mr. Holt has been decidedly bearish in recent years, he is. bv no means a professional pessimist. While he did call the 969-- 1 970 and the 972-- 1 973 bear markets, he also correctly predicted the mid-- 1 970 market upturn. More importantly, he nas done quite well for his subscribers and clients. 1 1 Recently, one of Mr. Holts clients wrote that his stockbroker cannot' understand how I have consistently made such large gains in my portfolio while others are now taking options on window' ledges. Indeed, the Holt Investment Advisory has 161 made specific recommendations; and despite the difficult market of tne last several years, they have registered an average capital growth excluding dividends and interest : of better than 12 annually. Many of Holts managed portfolios have scored even wider gains. What is the secret of Mr. Holts success? One thing that is unioue is his flow' of funds analysis of the stock market. Ashe explains: I want to find out at anv given point which groups of investors arc buying stocks, and winch groups are selling. Then I ascertain if the current trend with each group is continuing, accelerating or reversing. Having established tnat, I determine as best I can w hat factors motivate each group, how the factors arc likely to change in the future, and accordingly, how they arc likely to affect the stock market. Another factor in his success has been his position on gold and advocate of both precious metals as silver He is a long-tim- e inflation and depression. And as we know, hedges against are events current conlirming his judgment. to a the achievement of general and in Sincerely, Imogcne Cashmore has racism-in-revers- most-love- Arabs, and most-hate- d the nation, next to is now Israel. For thirteen centuries, until the beginning of Zionism, Jews and Arabs were not enemies but were allies against Christendom. It is the European nations which have persecuted the Jews, not the Arabs. So now the West claims to be saving the Jews from Persecution. Before Zionism, the Arabs remind you, persecuted European Jews used to escape to the Middle East! American-Britis- h foreign policy has been Israel right or wrong, just as it has been against Rhodesia and South Africa, right or wrong. virtually e. permissiveness, and his dismantling of what was the greatest Navy in the history of the world. Naval Captain Jess R. Cariker, age 47, criticized one of Zumwalts incredible and infamous Even though Russia has dumped billions into Arab to restock the Continued on page 4 countries Ul JlJ Independent Utah's Largest and Subscription Weekly 2459 Major Street, Salt Lake City, Utah 84115 Fastest-Growin- nt rivilege Jews, if both Russia and America would pull out. America used to be d nation by the with the second-rat- e destroyed Navy morale with his his Womens Lib stance, his supra-governme- I .Would convert the first for our complete disarmament and the establishment ol an clfectivesystcm ol international security in accordance with the purposes and principlcsof the United Nations." Where, in our Constitution, Mr. President, is the Chief Executive authoried to enter into an agreement with a foreign nation to disarm the United states of America and to trust the security" ol the American people to the jurisdiction of the United Nations? further, you have gone on record as favoring Atlantic Union, a ol Atlantic Nations in which our Country would be but one of a Federation ol States with common defense, taxation and economy. You have recommended also Senate ratification of the Un. N. Genocide Treaty which, in effect, would repeal the Connally Amendment and place your fellow Americans under the jurisdiction of the World Court, depriving us of the safeguards of our American Constitution that Constitution you. in your present extremity, have invoked. Noting the dcstyruction your Executive Orders and Agreements have wrecked, a court of law might well ask, Does such a document us the original United States Constitution still exist to serve as a defense lor for American citizens -including the President of these United States! Since you have abrogated the Constitution, on WIIAT do you base your claim of Executive world. Arabs now believe that Israel is the tool of American-Britis- h interests, for humanitarian not acting reasons but for commercial purposes. Arabs contend that they could get along Mediterranean to a Soviet sea? A major reason is Admiral Elmo R. Zumwalt. Hes on our payroll, not theirs. He is Chief of U.S. Naval Operations. He told University of Virginia students recently that the United States will have to make the transition from a (whose lies ports, along with access to the most important oil Helds in the the this Russians have created tremendously expensive fleet unless they planned to use it, for more than just show purposes? Why are the Soviets able to of warm-wate- r a $nd dream age-ol- d re-op- en Zumwalt seek) would be compelled to turn to Russia. Russia has thus gained its n confrontation? "I he USA and USSR as the ultimate objectie ol their efforts So in 1967. he formed T. J. Holt & Co. to offerpersonal - vessels states Arab Soviets Suez, thus possibly bringing on Israeli attacks on Russian Leonid Brehnev. May 29. 1972 in -- to dare protection the Mutual Relations Pact you signed with ou and Syria into humiliating defeat. Thus the Egypt the Adriatic to try to force Yugoslavian and Albanian capitulation? Or, would the Article 6. par. 2 of that Pact reads: contempt Russia has engineered the crisis after crisis so as to alienate America from the Arab world and to lure MOSKRA, Turkish Coast. Soviet ships are filling the seas east of Malta and in the narrows between Sicily and North Africa. Could it be that the Soviets will use their fleet in Mocow. your and was sent to a psychiatric hospital. They locked up the wrong man. carrier, helicopter cruises off the military power. He claimed that it is the will of the people that the United States become a second-rat- e the By military power. people he must be talking about his Marxist friends. Constitution Thomas 7. Holt: Refreshingly, he firmly stands his ground when questioned on his views and refuses to equivocate Now York Times Russian new The compact our original Constitution is inoperative! A second, more damning example (since this involves the destruction of our national sovereignty) of do. War? st ms power final destruction. h I refer, Mr. President, to our United States Constitution (the document) and you (the litigant) w ho invoked it to lend credence to your claim of Executive Privilege in your quarrel with Congress and the Courts anent Watergate. Where in our Constitution (a compact between the States and the Federal government) is there provision for the Chief Executive to abolish those States? Yet, you. by Executive Order 11647 set up ten Regions with a framework of appointees answerable to Federal Our Constitution regulations. 4. states: Art. Sec. 3, no new State shall be formed or erected within the jurisdiction of another State; nor any State be formed by the junction of two or more States, or parts of States, w ithout the consent of the Legislatures of the States concerned as well as Congress". That Legislative power you usurped. To all practical purposes there are NO SOVEREIGN STATES, their elected officials are but expensive anachronisms to perpetuate the myth that we choose our representatives to govern us. Without Mid-Ea- Assorted copies older than 2 20 months for $1.00 Subscriptions: $6 per year $8 foreign j The Name g 25t each 5 for $1.00 12 for $2.00 25 for $3.75 50 for $6.50 100 for $10.01 UTAH INDEPENDENT 1 (First) (Middle) (Last) Address (Number And Street) I I (City) (Statp) (Zip Code) |