This psychic reading given by Edgar Cayce at his office, 115 West 35th Street, Virginia Beach, Virginia, this 6th day of April, 1929, in accordance with request made by [900].

Present: Edgar Cayce; Mrs. Cayce, Conductor; Gladys Davis, Steno. Mr. L. B. Cayce, Mr. Thomas B. Brown, and Mr. David E. Kahn.

TEXT

1. GC: After reading Ezekiel and seeking aid from the Divine. A young man was blaming me for the murder of a man. I knew that I was not to blame, yet this crowd in an underhand manner sought to blame me. Then the murdered man seemed to return in an ambulance. The gang blaming me asked me: "Is there anyone else in the world who knows this excepting you?" "Yes," I replied, "Catherine Cornell - the actress." Then they decided to administer to me a poisonous hypodermic. I felt one right by my side, who seemed administering the dose. I awakened but the experience continued right along. I continued to see an individual next to me, to feel the hypodermic needle and to expect death. Again came this anticipation of death with the outstanding feature of there being no fear on my part regarding same. I reasoned that one kept right on living in other planes of existence so it didn't matter so terribly much after all. Then as the experience continued I felt antagonism towards the one and the group administering the hypodermic to get revenge on me and to put me out of the way as I knew too much of who really did the killing of the individual. I started to push him away. Then I thought: "If I push him away the needle will break, be left in my hand and then things will be worse than ever." So I let them proceed, saying as I saw [900]: "You talk too much." Yet as I returned to sleep and asked for an interpretation I was told this was symbolical of the underhand fight being carried on by the Reserve Board and the "Talk too much" may have seemed to refer to Mitchell of the National City Bank.
2. EC: We have the body, the enquiring mind, [137]. This we have had before. Also the dream or vision concerning which he also saw the interpretation of same. As visioned, this should be to the body [137] the assurance of the self to interpret that which may be presented - either in the intuitive forces as present themselves from time to time or those of the nature that are as emblems or emblematical forces as presenting the effects things or conditions may have upon the activities of the body in the material sense.
3. As presented here, the evil or good - dependent upon the manner, and by whom, with what, there is of the development of the entity, there will be those forces as will produce the variations in the rise and fall of quotations as respecting market activity, and with same there will come those conditions as are seen and indicated in the poison - or the activity of INJECTIONS into the activity of these quotations.
4. In the application of same, then, to self - the activities are to be those as will be presented to the body from activity to activity, as relating to these changes.
5. Ready for questions.
6. (Q) How are these factions divided?
   (A) Materially, these are divided between those that would hold the Federal Reserve board as the criterion for activity and those that would use the moneys in the various centers for activity as related to the market. As individuals, these are members not so much of the board - for the board (Federal Reserve Board) is itself divided upon the issue; individuals who have had an IDEAL as to the functioning of the board being on the one side and those that would USE the ABILITIES of the board on the other, and these are fostered - EACH side - by money powers. BUT, were these to be allowed to run without a check in EITHER direction, there must surely come a break where it would be PANIC in the money centers - not ONLY of Wall Street's activity but a closing of the boards in many centers, and a re-adjustment of the actual specie and moneys in these centers. Then, while these variations and these changes may be expected - hence high and low quotations will continue for MANY moons - while these adjustments are being made - INDUSTRIALS, as has been given, being the leads in the high and low variations, rather than those of some other commodities.
7. (Q) What does each desire?
   (A) That the other DOES NOT CONTROL! Not that they control entirely so much themselves, but that the OTHER FELLOW DOESN'T!
8. (Q) Is there meant that it will prove best to let the one faction to have its way, even if its way may further stimulate public participation in the market, in order that that faction may accomplish its purpose and prevent even worse conditions such as panic coming into existence?
   (A) Well, this has just been given - as concerning what would be the outcome were either one of the factors, or factions, to be the control without the moderation of the conditions by the other factor. This is well understood. Hence we find Mellon on both sides the fence, with the ability to carry power in either direction - yet in this PARTICULAR field there is more of animosity PLAYING a part, and hence, by other leading centers and factors being checked. There will be a great deal more notoriety brought to individuals than there will be actuality in the changing of conditions, unless more of animosity becomes a leading factor than at present; for it offers an opportunity for many a politician to spout or to give vent to own feelings. While those in the positions of being the ones to either let loose, or to curb, or to rule, will be the real channel through which activities will have its basis. Then, the changes this is rather that of current or persistent reports in varied directions. The greater opportunity, then, being offered for speculators to either make or lose - in those channels in which the varied groups, as are headed by Mellon interests - and Palmer interest, and Mitchell interest, or Morgan interests - for speculation, or gain, or lose. [5/06/33 See 261-9, Par. 26-A in regard to inflation.]
9. (Q) Will the Sears-Roebuck rise as heretofore given for April get under way soon? and at around 142 as low?
   (A) This should rise to at least 198 in ten days to two weeks.
10. (Q) How long may it be held?
    (A) That depends upon circumstances and conditions! for these variations may be very radical or may be very gradual, with the general rise and fall.
11. (Q) Should International Telephone and Telegraph be bought at present prices?
    (A) These, as given, offer for those who may be able to hold, or buy outright, an opportunity for investment. As for speculations, these will be among the radical - but at the present prices even they offer an INVESTMENT, where they may be purchased outright.
12. (Q) Will the re-discount rate be changed before July 1st?
    (A) In some sectors, yes.
13. (Q) What at this time is a safe buy for quick turn?
    (A) There are so MANY that offer such conditions, it would be hard to change or to name one GIVEN one better than another, but those in the line of industrials offer the better. The SAFEST in Macy! The most RADICAL will be in Can!
14. (Q) Any other advice for [137]?
    (A) As given, this should be to the body that indication of the abilities within self to coordinate information from those sources as may be able to direct in a stabilized way and manner. Then the body physically and mentally should NOT worry self in any manner, so long as it - the body - is confident within self that the activity of the life is in keeping with that IT - the body - professes to believe; for in activity, and in sincerity and INSINCERITY, is the way in which an individual may be able to check upon self as to whether any activity physically done is through sincerity of purpose or INSINCERITY of belief!
15. That is all the questions.
16. We are through with this reading.

BACKGROUND

1. 3/06/29 See 900-425 predicting Wall Street crash.
2. 4/01/29 Brother [900] submitted [137]'s dreams.

REPORTS

1. 4/06/29 P.M. He obtained dream interpretation reading 137-118.
2. GD's note: Stock market crash occurred 10/29/29, 16 million shares changed hands. By end of 1929 stock losses were estimated at fifteen billion dollars, and by '29 through '31 estimated at 50 billion dollars, affecting 25 million persons.
3. 2/08/32 See 3976-10, Par. 2, 3-A, indicating Warburg, Mellon and Morgan as the 3 individuals in the fall of '29 who had given into their hands "The financial conditions and situations of the world". See 3976-10 reports and Supplements in regard to the book [Copyright 1966, revised 1967, by H. S. Kenan, Ocala, Fla., the Noontide Press, Los Angeles, Ca. 90005] by H. S. Kenan in regard to The Most Fantastic and Unbelievable Fraud in History, THE FEDERAL RESERVE BANK.
4. 5/06/33 See 261-9, Par. 23-A in re inflation.

Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation