Circinus X-1 (Cir X-1) is an X-ray binary displaying an array of phenomena which makes it unique in our Galaxy. Despite several decades of observation, controversy surrounds even the most basic facts about this system. It is generally classified as a Neutron Star (NS) Low Mass X-ray Binary (LMXB), though this classification is based primarily on the observation of Type I X-ray Bursts by EXOSAT in 1985. It is believed to be in a very eccentric ∼16.5 day orbit, displaying periodic outbursts in the radio and other frequency bands (including optical and IR) which reinforce the notion that this is in fact the orbital period. Cir X-1 lies in the plane of the Galaxy, where optical identification of the companion is made difficult due to dust obscuration. The companion is thought to be a low mass star, though a high mass companion has not currently been ruled out.In this work, I analyze recent observations of Cir X-1 made with the Unconventional Stellar Aspect (USA) experiment, as well as archival observations of Cir X-1 made by a variety of instruments, from as early as 1969.The fast (< 1 s) timing properties of Cir X-1 are studied by performing FFT analyses of the USA data. Quasi-Periodic Oscillations (QPOs) in the 1-50 Hz range are found and discussed in the context of recent correlations which question the leading models invoked for their generation. The energy dependence of the QPOs (rms increasing with energy) argues against them being generated in the disk and favors models in which the QPOs are related to a higher energy Comptonizing component.The power spectrum of Cir X-1 in its soft state is compared to that of Cygnus X-1 (Cyg X-1), the prototypical black hole candidate. Using scaling arguments I argue that the mass of Cir X-1 could exceed significantly the canonical 1.4 M mass of a vii