'Scientology means 'skill .... knowing how to know .... -logy .... which is study of ... so it is actually study of knowingness ....that is what the word itself means.' (at approximately 3:35 minutes in the recording)

Science is derived from the Latin Scientia a knowing or being skilled in any thing. (Perseus Latin dictionary)

-logy on the other hand is derived from the Greek word logos which means word and the suffix -logy denotes a an oral or written expression (Websters dictionary)

"You're going to see a change of curriculum shortly with some additional material (...) It is mainly in the field of what an auditor does to become a Doctor of Scientology (...)
The additional training, aside from a brush-up for the individual in the doctorate school, will include, according to my present plans here, a fast review of Freudian psychoanalysis to the end of obtaining a fast and certain command of diagnosis and definition as outlined by Sigmund Freud. Next a command of philosophy as represented in the books of Will Durant which give a fast and accurate review. Next, a fast glance through general semantics, although it looks this time as though I will have to write a short enough book as none of the books now existing are sufficiently comprehensive to be susceptible to easy teaching. Further, we have made certain changes in the subject. Next, a history of psychotherapy. Next, an outline of psychology, experimental psychology and psychiatry as predicted. Next, a short look at a study of giant brains of the electronic type."

"In this way, we will get a trained expert in the field of the humanities. (...) And we'll be able to claim that with their professional formal training and their field work, we are the best trained people in the world on the subject of the humanities."

"Now there happens to be something like a shortage of cash around here..."