The Gold Gamecocks
The Gold Gamecocks, Part One
by Sherman H. Skolnick 6/17/02
For many years the Chicago Gold Conference met in the Windy City. In years past, I used to go to their annual meeting in my home town. Funny thing. I was the only reporter that showed up. And I am only an unpaid, freelance reporter that heads a court reform group investigating and researching banks and such. We coined the term Banker-Judge to label the way the corrupt Bench and Bar operates.
I learned a lot interviewing gold mining engineers from all over, top officials of the World Gold Council, sellers of shares in smaller mines, and an audience of gold bugs.
In the 20th Century, gold had a sorry history in the U.S. In the 1932 Presidential Election, candidate Franklin Delano Roosevelt pledged that he was going to keep gold as the backing of the U.S. Currency. At the time, gold was pegged at twenty dollars per ounce. Workers, like my elders, enjoyed having gold coins in their pockets as payment for their labors.
Considered a patrician, Roosevelt seemed to oppose the very aristocracy of his origin. But not really. Right after being inaugurated in 1933, Roosevelt declared a Bank Holiday. Many smaller, community banks did not survive the closing down of the banking system. Ordinary folks seemed to like FDR. Yet, he rescued the big banks, the J.P. Morgans and such, at the expense of the small fry.
[At the time of the Great Depression, there was a large foreign-born element in the U.S. and they were satisfied to sleep under bridges when it rains. As long as they were the bridges in America. So there was no basis for a revolution.]
A proper study of the 1930s would inevitably show Roosevelt was one of the leading counter-revolutionaries in American if not world history. He saved the ass of the Ruling Class. The Chicago Tribune, long a backward, reactionary apologist for the rich and their mistreatment of minorities and workers, used to rail against Roosevelt as “That rotten cripple in the White House!”
The Tribune got their newsprint from Canada, by a 19th Century Charter signed by the King of England with the blessings of the Jesuits, in Canada.
Up to the time when the Tribune Company stock went public in the early 1980s, the media giant was openly anti-Black and anti-Jew. We call them the “Queen’s Newspaper”, since a large amount of their stock is owned by the British Royals. The Tribune remains viciously anti-Irish, forever panning Irish public figures in Chicago.
About twelve years before becoming President, Roosevelt, as an adult, was stricken with infantile paralysis, polio. The U.S. Secret Service, when he was President, saw to it that no photographer dared make a picture of him sitting with his braces in his wheelchair. Such photographers knew their cameras, if not their heads, would be broken by Roosevelt’s guards. When I got polio as a child, my impoverished parents successfully appealed by letter directly to President Roosevelt, to open the doors of hospitals closed to us as poor people and Jews. For a while Roosevelt was my hero.
Now, years later, since 1991 I do a taped weekly public access Cable TV Show in Chicago. Our specialty? Fingering local media skunks as being a foul smoke-screen of the secret political police, the FBI and the American CIA. I get feedback of what the media s.o.b.’s among themselves hollar about me. “That paranoid Jew cripple on the tv!” is their favorite put-down of our long-time popular non-commercial show, “Broadsides”.
[Although many of those who manage the network media outlets have Jewish surnames, they are merely the stooges, NOT the owners. In the U.S., on the television, there are few actual Jews reading the news or commenting on current events. And, few, if any, senior citizens. And almost no one who sits in a wheelchair or walks with crutches or a walking device. A good reference is the book, “The New Crowd The Changing of the Jewish Guard on Wall Street”, by Judith Ramsey Ehrlich and Barry J. Rehfeld, Little Brown & Co., 1989. The book documents how the big Wall Street investment bankers with Jewish surnames have not been actual practicing Jews for more than three generations, having converted to other religions.]
Returning to the timeline, in 1934, less than a year after Roosevelt was installed as President, in violation of his pre-election pledge, he ordered that the possession of gold by Americans is illegal. He devalued the paper money to a little over 35 dollars per ounce of gold. Roosevelt’s big money pals, however, were not effected. More than a month before he was inaugurated, they had shipped THEIR GOLD to Switzerland and elsewhere out of the U.S. The aristocracy had a bonanza through their offshore connections and their out-of-the-U.S. gold.
As a child I used to ask my elders, “You had a few gold coins. Why did you surrender them?” Their answer was, “We liked Roosevelt. He ordered it. Besides, the Secret Service would grab us if they found out we had gold after 1934.” The Federal law outlawing gold for Americans stayed in effect until 1975. A gold promoter was silenced, in Indianapolis, when he was murdered by being thrown out of a high building window.
One crusader for the truth was Tom Valentine. He ran in Chicago a national magazine, the National Tattler, demanding that there be an audit of Fort Knox, supposedly the repository of U.S. gold. After much todo, one vault of Fort Knox was opened. Guess what? The only stuff found were some very impure, orangish colored metal substances. Apparently melted down coin metal from what was seized in 1934. No actual gold bars. So where was the gold horde?
A U.S. General, at a later date, stated off the record to some, that he headed a military convey of trucks that took the Fort Knox gold to the East Coast, where it was shipped to England in the 1960s, to stem a run on the Bank of England. The British had a lot of trouble caught repeatedly denying they were going to devalue the Pound Sterling. Amid their bank panic, some other countries apparently ended up with the U.S. Fort Knox gold.
As the bankers for the Vatican, the French Rothschilds have always influenced the gold markets. In the early 1980s, amid a liquidity crisis in the U.S., gold briefly reached over 800 dollars per ounce. By the late 1990s, the French Rothschilds together with other European bankers started a campaign to assist the greedy investment bankers of Wall Street, the bullion bankers. Such as Goldman Sachs & Co. (we call them Goldman Sucks), and J.P. Morgan, bullion banker for the British Monarchy. For a while the scheme worked. The private central banks, as a cabal, supposedly were selling portions of their gold treasury. The price of gold by 1999, was driven down to 252 dollars per ounce. The liars and whores of the press, the paper money crowd, kept circulating stories that the price of gold was going down to at least 200 dollars per ounce.
Actually, the private central banks, as a cartel, leased out their gold at rates as low as one per cent, enabling the investment fakers to falsely pump up the stock market to catch in suckers and amateurs. The Bank of England, as an example, drove down the price of gold falsely offering gold that did not belong to them. About 1990, with the downfall of the Soviet government in Moscow, thousands of tons of THEIR gold were stolen and conveyed OUT OF THE COUNTRY by the corrupt bureaucrats in Moscow. Having custody of the purloined gold were bankers in Holland who permitted the Bank of England to fake up gold auctions, offering this stolen gold. Was the gold ever turned over to those who supposedly bought it at auction?
At the time gold was driven down to 252 dollars per ounce, the American pressfakers propagandized with stories, like “Gold has no purpose”, “Gold is a barbaric metal. There is no need for any modern country to have it..” Contrary viewpoints, of course, were not allowed.
Notice what happened in 1987. Somehow, I predicted, six months ahead of time, the exact October Monday date of the Stock Crash. I told acquaintances and friends who I believed where in the markets, with a blunt statement, “You better get your hind quarter ouf of Wall Street, sucker!” With a sneer, most of them simply insulted me, “Who the hell are you, Sherman? You are not a college graduate, have no MBA. Your main thing is you run after what you claim are crooked judges. You don’t know nothing about business.” (They disregarded our investigations of Banker-Judges. That is, those who often own and operate, for corrupt purposes, the bank across the street or across the alley from the courthouse. Such as shown by the biggest judicial bribery scandal in U.S. history, touched off by us, detailed in the book “Illinois Justice”, by Kenneth Manaster, published in the fall of 2001. The scandal caused the downfall of Illinois’ highest tribunal, the Illinois Supreme Court.)
The Saturday after Black Monday, the October, 1987 Crash, was a family get together. I guess I sometimes cannot hide my sarcastic streak.
“So, did you get your ass out of the market like I predicted?” They did not bother to hurl an insult. They simply picked up their plate of food and moved away from me. As they walked away, I added my cynical remark, “I guess you lost big, sucker, huh?”
In the weeks after the 1987 Crash, the business press fakers, like the Wall Street Journal, said nothing about the fact that the Federal Reserve, a private central bank masquerading as tied to the U.S. government, intervened in the six weeks after the debacle, to keep gold from topping 500 dollars per ounce. Then the price subsided. From having gone over the years to the Chicago Gold Conference, I learned that most of the savvy sorts there believed that there was a secret financial trip-wire. That is, that the Federal Reserve would create a false emergency to absolutely stop gold from topping 410 dollars per ounce.
In the fight between the gold bugs and the paper money crowd, those who like gold gloat, “Hey, sucker, we are in with the killer yellow metal. Who are YOU in with?” The bottom line is that gold is independent money, beholden to neither dictators or presidents or prime ministers. Simply put, if gold goes up, paper money goes to Hell. More about gold.