FEDERAL RESERVE BOARD REPORTEDLY
CONSIDERING EMERGENCY SESSION
by Sherman H.
Skolnick
A reported emergency has
been developing regarding two major banks and a major bond and gold
trading firm. The highly secretive Federal Reserve, America's PRIVATE
central bank, is reportedly considering the possiblity of an emergency
session. The necessity apparently of an emergency session has been
caused in part, or in whole, by the
following:
[1] Rumors have apparently been sweeping Wall Street that one of the
world's largest, if not THE largest bond and gold trading firm,
Goldman
Sachs, is possibly going under. This stems reportedly in part from the
U.S. Treasury's announcement that it is reducing 30 year Treasury Bond
supply. Goldman Sachs reportedly has been heavily speculating in
derivatives, that little-understood, highly dangerous tinkering with
assets inside of assets inside of and linked to underlying assets.
{Remember how Orange County California went bankrupt by their reported
speculating with these mysterious manipulations called "derivatives".]
Goldman Sachs reportedly has been in the forefront of worldwide
efforts
to knock down the price of gold and reap huge profits at the expense
of
workers and stockholders of the gold mining industry.[A South African
gold mine went into bankruptcy in 1999 when the "wreck the price of
gold" crowd, including the Bank of England, forced gold down to just
over 250 dollars per ounce. The average cost of production of gold, by
the best, most efficient mines, is about 285 dollars per
ounce.]
The derivative gambling, in the trillions of dollars, is a complex
formula of tricks, involving gambling on gold and oil and Treasury
Bonds, all interwoven like a group of Chinese magic boxes inside of
boxes inside of
boxes.
When gold shot up from 252 dollars per ounce to 330 dollars per ounce
in
the fall of 1999, some contended at the time that Goldman Sachs and
other gold trading houses were heavily SHORT on gold and could not
come
up with the gold supply to make good the LONG speculators that
reportedly included worldwide financial pirate George Soros. At the
time, there was reason to believe that Goldman Sachs would invoke an
emergency clause, used when there are storms, wars, and revolutions
interfering with complying with contracts, called Force Majeure. [For
background see our prior story: "Bank of England and the Gold Crisis",
on our
website.]
[2] Goldman Sachs is reportedly in a sinking boat with Germany's huge
financial ship, Deutsche Bank, and the worldwide bank octopus Bank of
America. This trio are major players in Foreign Exchange, called
ForEx,
trading and speculating in foreign currencies. If the emergency
continues, the Federal Reserve, according to some bond and gold
experts,
would have to come up with some 600 Billion Dollars, as a rescue
attempt
for the reputed trio of bust financial players. According to other
financial sources, the Federal Reserve can come up with 130 Billion
dollars, that is, some say, "the limit of the number of lifeboats the
Fed can supply in a hurry". Beyond that, some experts contend, the Fed
would have to order the printing of a flood of paper money, falsely
masquerading as the "U.S. Dollar", in fact, Federal Reserve notes
backed
by nothing but hot air. [3] Do not
expect the sphinx-like
Federal Reserve to admit there IS an emergency and that they are
considering an emergency session of their highly-secretive
deliberations.
Some extremely
well-informed financial experts have their views posted on a website
called:
www.LeMetropoleCafe.com
[a summary can be obtained, but
further details require you to be a subscriber]. They quote a bond
dealer as saying "something should happen because this thing is lethal
for all asset
swappers".
[4] Bank of America, headquartered in San Francisco, already is facing
billions of dollars of problems as the result of a suit filed in U.S.
District Court in San Francisco. The details of that suit have been
publicized primarily only by us. It is a class action on behalf of
victims, heirs, and beneficiaries, of World War Two whose assets were
stolen by the Nazi puppet government of Croatia, the Ustasha, and
later
secretly deposited during and after the war reportedly with the
Vatican
Bank. [Emil Alperin, et al vs. Vatican Bank, No. C99-4941 MMC, in the
U.S. District Court, Northern District of California. Details of the
suit as well as the complete First Amended Complaint are on our
website:
www.skolnicksreport.com
under the title "Vatican Bank Sued For Alleged War-Crimes"].
Little-known by the public, and rare if ever
mentioned by the monopoly press, Bank of America, and its parent
holding
firm, Bank America, are owned jointly by the Vatican Bank, the
Jesuits,
and the Rothschilds. In recent years, also a major owner of Bank
America
reportedly have been the Japanese mafia, the Yakuza which own a major
interest in most every bank in California. Seldom reported, the Yakuza
are major dope traffickers in the
U.S.
What may come
of the situation, which some financial experts contend is an emergency
or an emergency developing? An inflation may develop as a result of
the
Federal Reserve ordering up a huge supply of paper money to be used to
bail out the reported sinking ship containing Goldman Sachs, Deutsche
Bank, and Bank of America. The price of gold would go UP if the
so-called "U.S. Dollar" goes DOWN. Further, Clinton would welcome an
emergency, real or fabricated, so he could stay in office beyond the
expiration of his term. Those close to him have been quoted as saying
they heard Clinton say he would not mind staying beyond his term by
some
emergency. And will an emergency, real or fake, intefere with U.S.
Presidential election? 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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