From: BOBWORN@aol.com
Subject: SNET: Another Bailout Using The Taxpayers' Money???
Date: 4 Feb 2000 14:08:28 -0500
To: BOBWORN@aol.com


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Federal Reserve Board Reportedly Considering Emergency Session
By Sherman H. Skolnick 

2-3-2000

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 possibility 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, 

[[[[[[*RON INTERJECTS: Head of the American end of Deutsche Bank Ed Yardini 
is the fellow who rang the Y2K alarm bell last year with his prediction of a 
70% chance of a world wide recession this year*]]]]]] 

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: http://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: http://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, interfere with U.S. 
Presidential election? Stay tuned.

                _____


                BULLETIN - Primary Bond Dealer in Trouble / Oil Products on
Fire

                From Bill Murphy - Le Patron www.LeMetropoleCafe.com 2-3-00


                Le Metropole members,

                Rumors are sweeping Wall Street that a primary bond dealer
is going under as a result of the Treasury's announcement that it is
reducing 30 year Treasury bond supply.

                The Fed has denied an emergency session has been called,but
does not deny a big dealer in trouble.

                30 year bond yields have collapsed in a very short period of
time from 6.76% to 6.06%. Forward price 30 years are even lower in yield.

                There are many market players caught the wrong way on yield
curve trades as the curve has now inverted in what must be record time.

                From a Cafe European bond dealer:

                "something should happen because this thing is lethal for
all asset swappers"

                Banking stock index diving.

                Meanwhile, the cash market for oil products are on fire with
cash prices way above NYMEX. Situation very explosive.

                Gold only up $1.40 in this VERY BULLISH gold market
environment. Manipulation crowd desperate to hold gold price down to avoid
a gold derivative blow up as is occurring in the bond market.

                More later

                http://www.LeMetropoleCafe.com/scripts/products.cfm

                All the best,

                Bill Murphy Le Patron www.LeMetropoleCafe.com


                ============
                Since 1958, Mr. Skolnick has been a court reformer and since
1963, founder/chairman, Citizen's Committee to Clean Up the Courts,
divulging certain instances of judicial and other bribery [often involving
banks owned and operated by judges] and instances of political murders.
Since 1991, he has been a regular panelist, and since 1995,
moderator/producer of "Broadsides", a one-hour, weekly, public access Cable
TV Show cablecast within Chicago to some 400,000 viewers. For a heavy packet
of printed stories by our group, send $5.00 [U.S. funds] and a stamped,
self-addressed, BUSINESS size envelope [#10 envelope, 4-1/4 x 9-1/2] WITH
THREE STAMPS ON IT, to Citizen's Committee to Clean Up the Courts, Sherman
H. Skolnick, Chairman, 9800 So. Oglesby Ave., Chicago IL 60617-4870. Office,
8 a.m. to midnight, 7 days, (773) 375-5741. [PLEASE, no "just routine
calls]. E-Mail: skolnick@ameritech.net WEBSITE:
http://www.skolnicksreport.com [ NOTE "s" after my name in website] Before
sending FAX, call

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