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.