Sherman H. Skolnick
Recorded phone message: (773) 731-1100
Office, 8 A.M. to midnight, 7 days: (773) 375-5741
9800 So. Oglesby Ave., Chicago IL 60617-4870
FEDERAL RESERVE CHIEF THREATENS CHICAGO MARKETS
By Sherman H. Skolnick
Producer/Moderator, Public Access Cable TV Program "Broadsides"
Since 1963, Founder/Chairman, Citizen's Committee to Clean Up the Courts
It was one of those moments that go down in history, but often not fully written about until months, if not years later. After all this happening in Chicago was shortly after the adjournment of the super-secret society, the Bilderberg Group, meeting up to June 6, 1999, meeting this time in Portugal. Made up of worldwide ruling elites, their meetings are often followed by wars and depressions, bank and other market commotions, all orchestrated by them.
Those that know about all these goings on would not have found the subsequent secret meeting in Chicago so strange. It was Wednesday, June 23, 1999. Federal Reserve Chief, Alan Greenspan, had come to Chicago to warn bond traders and those trading in Dow Jones futures that the Fed, as it is called, finds it necessary to soon raise interest rates by as much as 3/4 of a per cent. The Fed is supposed to keep their raising or lowering of rates secret until actually publicly announced. Greenspan, flanked by the Secret Service, was laying down the Law to the market chiefs, principally Irish Catholics, the governing elite on the Chicago Board of Trade. In so many words, they lambasted him for not going to the WASP bosses on Wall Street to warn them that markets are overheated. Instead, he came to the bond bosses on La Salle Street.
The bank reports were due soon. It would show an emergency when many of the well-dressed basically know-nothings, would think all is well. The average better off people were high on the stock market. On paper, they felt well off. They were not saving anything in banks, which were paying almost nothing on passbook savings accounts. The yuppies, boomers, senior citizens who should know better, had their assets, if not their asses, in the stock market.
"We'll plant stories that it is inflation-fighting" to justify the rate increases the Fed Chief proclaimed in so many words. Those in the know, however, knew there is no real inflation and that he meant that America's secret PRIVATE Central Bank, falsely disguised as the "Government", was there to give orders. U.S. money was hemorrhaging, leaving the country. Called REDSPAN by his critics, comparing him to Russian dictators, or czars, he had come with his clandestine manifesto. The banks have become hollowed out. Nothing there to support the supposed "deposits". Not even an actual penny on the dollar. Through gambling called "derivatives", many banks had leveraged themselves, their assets, their supposed profits, into zero-zero land.
"We'll raise the rates three-quarters of a point, all at once, if necessary" he was reported to have told the uncowed bond superintendents. He implied that the Fed may find it necessary to close down bond and maybe even stock trading for a week, like over a holiday.
The assembled listeners then responded so forcefully to Redspan, the Secret Service nervously fingered the Uzi's under their jackets. Things, according to some, were getting "physical". Some muttered so loudly, Redspan may have heard them. "Supposed to be a free market here. You are not supposed to be giving orders!", their words targeting him like sarcastic missiles. He reminded them, "We saved the 'Merc' in '87", referring to the night of the October 19, 1987 Crash, when their sister entity, the Chicago Mercantile Exchange, populated mostly by the sons and daughters of aristocrats, not common people, who supposedly were Jewish --- saved from doom by Fed intervention.
They deeply resented that Redspan would come to Chicago and give Hitler-like orders to Catholic and Jewish noblemen instead of the Protestants on the Big Board in New York. The nerve of him, they thought, coming to members and representatives of the aristocracy of two minorities and barking out commands. Threatening them with shutting down trading for a while if they did not comply.
He warned them they are under orders to somehow smooth out the bond and Dow Jones futures trading in the wake of the expected rate increase. Among themselves, they confided, "He meant a quarter of a point, but threatens three-quarters, so later it would look like he relented." Those who knew what Redspan really intended could make fortunes. They had forbidden advance knowledge.
Redspan was determined to save the empty banks from being exposed as a front with no back. Running surreal TV advertisements, commenting on Wall Street, was First Union Bank of North Carolina, spreading out all over the U.S. They were suspected of being reportedly a front for Lippo Group,, who own Bill Clinton, Lippo being the reputed ethnic Chinese dope money laundry, created by the American CIA, and operating through among other places, Indonesia and U.S. First Union was calling itself the "Mountain" Their TV ads teased, "You can come to the Mountain or the Mountain will come to you." First Union was getting to be the biggest in the U.S., but how? Pretty clever of a reputed dope laundry, huh?
Banks headquartered in America had become just vast no-substance money laundries for illicit, tax-evading funds, from narcotics, gun smuggling, also the proceeds from the selling of human body parts harvested from condemning to death political prisoners in Red China[they are not shot, but to protect the body parts, are beheaded.]
And Redspan had come with his hammer to break the heads, if necessary, of the chief bond speculators if they did not obey his emergency edicts. To show he meant business, Redspan, or the bond bosses, or both, overnight leaked to a news service that the Fed intended to raise rates as much as 3/4 of one percent. Redspan was going to protect the New World Order by trying to cool off the stock market and putting a choke-hold on bonds. To keep Clinton, perceived as a stooge, from interfering --- did someone say Clinton was going to "fire" Redspan? How?
The Federal Reserve is not the U.S. Government. Well, to prevent interference, the Fed through the mass media puppets of theirs, might finally cause to be leaked out the secret medical records of Bill Clinton showing he is a psychiatric basket case. [The Chicago Tribune and the Baltimore Sun reportedly have those records but were warned by their legal eagles to stay shut. Clinton is also reportedly HIV positive. The women he messed over might have to come forward. And the newspapers having the secret medical records might be involved in Tort Claims. For many years, the head of the Tribune Company was also head of the Federal Reserve District Bank in Chicago.]
Some forgot about the Monica Lewinsky mess by the press bombardment of the Serbia conflict which might all be forgotten by an emergency scam requiring calling in the old paper money, requiring you to have the new money with the metal-like strip to detect you are carrying it around. And in the middle of all that, some kind of an orchestrated emergency in the stock and bond markets. Stay tuned.
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Citizen's Committee to Clean Up the Courts
Sherman H. Skolnick, chairman
9800 So. Oglesby Ave.
Chicago IL 60617-4870.
Office: 7 days, 8 a.m. to midnight, (773)375-5741
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