http://www.skolnicksreport.com/pingmrkt.html
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Sherman H. Skolnick
Email:
skolnick@ameritech.net
PANIC EXPECTED IN THE GOLD MARKET?
by Sherman H. Skolnick 04/19/01
With good reason, some call it the killer yellow metal.
And savvy sorts will not have to put their ear to the
ground to detect what is about to happen. Like the first
atomic bomb, gold can be the destroyer of worlds. And
those who understand the history of currencies,
understand that if gold goes up, paper money goes
down. And hard.
The monopoly presslords, oil-soaked and chained to the
banks and the banker-judges, as promoters of hot-air
backed paper money, are never in a position to tell us
the truth about important events. They fudged on the
way the common people of the United States were
dragooned into being poison-gassed, shot to pieces, and
dying in World War One, in Europe's own bloody mess.
The liars and whores of the press did not tell us what
was involved in 1941 in advance, in the attack on Pearl
Harbor. They issued fake stories to explain away
orchestrated events and political assassinations of the
20th Century.
Federal Reserve Commissar Alan Redspan announces
interest rate cuts and the Establishment liars/pundits
proclaim it is to help the poor economy and to prevent a
recession. Some understand, however, that jiggling with
the interest rates may have a secret reason.
Notice a few historic events. In 1932, campaigning for
President, Franklin Delano Roosevelt, pretended to
calm the waters by saying he would continue the gold
standard. U.S. paper money at the time was
exchangeable for gold. And ordinary workers were
happy to be paid their wages in gold coins. In those
years, the U.S. President was elected in November and
inaugurated the following March. Before FDR was
inaugurated, the ultra rich, with advance secret
information, shipped THEIR gold by boat-load out of
the U.S. To be sure Roosevelt follows orders eventually
to grab all the gold of the common American people,
there was a high-level plot to either scare him or to
assassinate him, and blame it on a "lone assassin". A
secondary target was Anton Cermak, then Mayor of
Chicago, while Cermak was sitting near Roosevelt.
Cermak was in the then-illegal booze business in the
Windy City competing with both Al Capone and another
competitor, in a three-way struggle. Using a "lone nut"
as a patsy, Chicago-based gangster-snipers, working for
the very wealthy, killed Cermak but intentionally or
otherwise did not kill Roosevelt, February, 1933.
[Note In the 1970s, our bribery investigations resulted in
Cermak's son-in-law, Otto Kerner, Jr., a Chicago-based
sitting federal appeals judge, former Illinois governor,
being sent to federal prison. He was also a banker. It
was the highest level federal judge sent to jail for bribery
in the history of the U.S. Years later, other judges in that
same court, as a reprisal, have barred me and a TV
Show associate of mine, Joseph Andreuccetti, from all
the federal courts, in Illinois, Wisconsin, and Indiana.]
In 1934, less than a year after being sworn in as
President, Roosevelt ordered to be seized all the gold of
ordinary Americans. The claim was that there was an
"emergency". If you did not turn in your gold, the U.S.
Secret Service had orders to search you out, grab your
gold, and maybe even arrange to arbitrarily jail you.
That is what old-timers later related to their childen
and grand-children.
>From 1934 to 1975, under federal edict, it was unlawful
for Americans to own gold. [Some dentists, however,
under the pretext of needing gold for filling in patients'
teeth, obtained licenses to get gold, some of which
ended up in the "gold underground". The Rockefeller
Family were and have been the biggest importers of gold
into the U.S., through the jewelry trade, through Rhode
Island.]
Closing down the gold window, Nixon as President set
off a near panic in 1971, when he blocked foreigners
from getting U.S. gold at the then low fixed rate of about
35 dollars per ounce. About the time gold became legal
again in 1975 for Americans, an outspoken leading gold
bug was pushed out a window to his death, in
Indianapolis, Indiana. [That was one way to stop
comments about the Rockefellers and gold.]
Starting about the 1990s, to promote paper money,
private Central Banks worldwide, and bullion banks
like Goldman Sachs [who reportedly have fled U.S.
jurisdiction to be in London] and British royalty-linked
J.P.Morgan, have been attacking the price of gold.
Through all kinds of market and news media tricks,
through forward sales, derivatives, and such, this
anti-gold gang pushed down the price of gold until it
was way below the cost of production of the most
efficient mines in the world. High-cost gold producers
in South Africa, had to lay off thousands and tens of
thousands of their workers, including blacks paid a
somewhat better wage since aparteid was ended.
In the process, the anti-gold cabal have been short
upwards of ten years average annual gold production.
An emergency obviously could and would be created if
there was a squeeze on the "gold shorts", such as the
price-fixing criminals interwoven with the Bank of
England and the Federal Reserve, both actually
PRIVATE central banks masquerading as official
government entities.
In market industry lingo, if those who borrowed
someone else's gold and sold it, and then had to make it
good, called "covering their shorts" or short positions by
buying gold later at the then market higher price, well,
a great crunch could be caused. And gold would
skyrocket while paper money would be generally
devalued and discredited. That is, a nightmare created
for the paper money gang. The so-called "U.S.
Dollar",not government currency but private notes of the
Federal Reserve, backed by nothing but hot air, would
suddenly be exposed as simply a skilled magician's
trick, money rabbits multiplied out of a banker's
fractional reserve hat.
Some U.S. mega-banks have reserves of less than three
cents on the dollar. Such banks are actually insolvent.
The Federal Reserve has been quietly propping up these
banks with low interest fake "loans" while allowing
these banks to violate regulatory requirements, such as
a minimum of three cents on the dollar. These banking
cadavers are handled by the Fed morticians prettying
up the occupant of a financial casket.
"Washington--Acting in an EMERGENCY CONFERENCE
CALL, the Federal Reserve moved today to bolster the
flagging economy by cutting interest rates by half a
point for the fourth time this year." Chicago Tribune
4/18/2001 (Emphasis added.) The Tribune was one of the
few newspapers to use the term "emergency conference
call". But of course, they did not tell us what the real
emergency might be. Traditionally, the parent, Tribune
Company, has been headed by the one who was also the
chairman or vice chairman of the Federal Reserve
District Bank in Chicago.
So, are we, as ordinary Americans, facing commotions
as to gold, the real reason for rate cuts? To somehow
support the huge gold loans by the short-selling
anti-gold mafia? The consequences of exposing this
could have a profound influence on the future of the
Federal Reserve and what I prefer to call the Bunk of
England, both private, yes, conspiratorial, central
banks. [The real owners of the Federal Reserve are NOT
the member banks, as mentioned in Establishment
business text books, but rather a group of shadowy
mostly non-Americans, some of whom meet once a year
in secret meetings to plan the destiny of ordinary
people, that is, the meetings of the Bilderberg Group.
They meet each year in a different country,once even on
a mountain top in Switzerland. Always, under heavy,
military-style security, as if guarding Kings and Queens
and media moguls who do attend. Whose vassals and
subjects would just as soon chop off their heads or
arrange a firing squad for them.]
Some contend that the Federal Reserve, without lawful
authority to do so, has arranged to seize the private
depositories of gold. One place private gold has been
stored has been in the several sub-basements of the
Rockefeller-owned First National Bank of Chicago, to
confuse matters now called Bank One. Reportedly some
of the private gold has been seized from there without
legal formality. Because of the circumstances, we call it,
Bank Zero. There address, naturally, should be shown
as Ground Zero.
[Why do we know so much? Well, for more than 40
years I and my associates have intensely investigated
and researched financial intermediaries. Through out
the history of the U.S., as is seldom ever mentioned,
most of the key judges owned and operated banks jointly
with their lawyer cronies. Sometimes even with known
mafiosos. We call them banker-judges. Some of the
crooked judges we have fingered and who ended up in
jail for bribery, were bankers. The banker-judges do
NOT disqualify themselves when their financial
interests come up in their Court. Guess who wins in
their crooked court?]
What all is involved? At least six major hedge funds
who bet wrong in the derivatives hocus-pocus. Six major
banks including reportedly Bank of America and their
parent Bank America, together, owned jointly by the
Rothschilds, the Jesuits, and added on in recent years,
the Japanese mafia, the Yakuza. Bank America are big
in foreign currency transactions. The Federal Reserve,
together with the U.S. Treasury, do not have enough
"life boats" to reportedly rescue a ship as large as Bank
America and their unit Bank of America. Several major
stock brokerages. Question is the federal insurance fund
for brokers have enough assets to underwrite huge stock
brokerages going under? Commodity brokers are big in
foreign currency trading. If such a brokerage goes
under, as some expect, is there an insurance fund
covering THEM? The artificially low price of gold was
part of a series of schemes to try to rescue such large
ships using tricks to support these sinking ships. What
does any rescue committee really need? Some two
trillion dollars. Do the Federal Reserve and the U.S.
Treasury, without the massive inflationary printing of
Federal Reserve hot air paper money, have two trillion
dollars ready for a rescue attempt? Oh yeah? Tell us
where.
More details coming. So, Panic Expected In the Gold
Market? Stay tuned.
Since 1958, Mr.Skolnick has been a court reformer. Since 1963,
founder/chairman, Citizen's Committee to Clean Up the Courts,
disclosing certain instances of judicial and other bribery and
political murders. Since 1991 a regular panelist, and since 1995,
moderator/producer, of one-hour,weekly public access Cable TV
Show, "Broadsides", Cablecast on Channel 21, 9 p.m. each
Monday in Chicago. For a heavy packet of printed stories, send
$5.00 [U.S. funds] and a stamped, self-addressed business sized
envelope [4-1/4 x 9-1/2 #10 size] WITH THREE STAMPS ON IT, to
Citizen's Committee to Clean Up the Courts, Sherman H.
Skolnick, Chairman, 9800 South Oglesby Ave., Chicago IL
60617-4870. Office, 7 days, 8 a.m. to midnight, (773) 375-5741
[PLEASE, no "just routine calls]. Before sending FAX, call.
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