- The handwriting is on the wall. But to some, it is in
invisible ink. Notice these items:
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- The U.S. has turned from a huge surplus to a severe
deficit. Blame it on Black Tuesday, September 11, 2001.. Blame it on the
sudden need to scrap the U.S. Constitution and Bill of Rights and have
an American Gestapo, "Homeland Security". While you are at it,
allow yourself to harbor the thought that maybe the highest level of the
U.S. Government had prior knowledge of 9-11. BUT, for profound geopolitical
reasons, they permitted it to happen and blame it onto the Arabs who may
not have been principal players.
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- More than sixty years after Pearl Harbor, December 7,
1941, we now know that there was prior knowledge in the White House. A
longer discussion could go into the geopolitical reasons why a faction
in the American aristocracy allowed Black Tuesday to happen.
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- [Visit our website series, "The Overthrow of the
American Republic", to try to understand why the current White House,
with Bush Jr. dominated by Daddy Bush, was inclined to allow Black Tuesday
to happen.]
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- === Federal tax collections are down. The on-coming recession
is beginning to be evident even to those who remain in denial.
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- === Foreign nations are losing confidence in the U.S.
Government and in the so-called "U.S. Dollar", actually, Federal
Reserve notes, backed only by hot-air. AN UNTHINKABLE SUBJECT IS A LIQUIDITY
CRUNCH INVOLVING THE U.S. GOVERNMENT ITSELF.
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- Censorship is not always just secrets. It is not mentioning
known pertinent facts at a time and place when it is important to put
such facts right in front to be considered as to some current problem.
Some background:
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- When Franklin Delano Roosevelt was elected President
in 1932, banks were on the verge of collapse. Out-going President Herbert
Hoover insisted that President-Elect Roosevelt join with Hoover in closing
all the banks---declaring a Bank Holiday---BEFORE Inauguration Day, which
in those days was in March. Roosevelt refused. FDR in so many words told
Hoover that FDR would deal with it when the elevator came down to the
basement, not before.
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- In February, 1933, before Inauguration Day, Henry Ford,
the auto tycoon, said he had no confidence in banks and was going to withdraw
his huge deposits >from a Detroit bank which would start a run on banks.
Just at that time, Roosevelt was traveling in Florida with Chicago Mayor
Anton Cermak. [Cermak was in the illegal booze business in competition
in Chicago with Al Capone and another gang.] There was a plan to scare
Roosevelt into accepting Hoover's plea. Actually, there was a lone gunman,
as a patsy, and then a separate group of assassins, the real shooters,
For complicated reasons relating to Cermak and Capone, the real assassins
shot to death Cermak. That was to be a warning enough to FDR. The lone
assassin, with the real killers not then identified, was quickly prosecuted
and subject to the death penalty.[We seem to understand all this. In the
1970s, our investigations sent Cermak's son-in-law, Chicago Federal Appeals
Judge Otto Kerner, Jr., to prison for bribery, the highest level sitting
federal judge to be thus jailed in U.S. history.] The way the patsy was
blamed was similar to the patsy, Sirhan Sirhan, in the Bobby Kennedy murder,
1968. Criminologists have long studied the use of a second gunman to do
a murder. [As to Bobby Kennedy, the details are in the video "The
Second Gun"].
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- So there was a U.S. Government liquidity crunch right
after Inauguration Day, when President Roosevelt declared a Bank Holiday.
Interest rates on U.S. Treasury paper soared to 4 and 1/4 per cent interest,
a high point for that time and period. Later in the 1930s,interest rates
declined to one per cent and for years U.S. Treasury securities yielded
as little as two per cent.
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- To deal with the U.S. Government crunch, Roosevelt,
among other things, cut back the wages of federal employes by twenty five
per cent. AND HE GRABBED THE GOLD of ordinary people, not the aristocracy.
[Visit our website story, "The Gold Gamecocks", Part One.]
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- Another U.S. Government liquidity crunch became evident
in November, 1979. There you saw on the television a rare press conference.
President Jimmy Carter standing next to the then head of the Federal Reserve.
Basically, both mouthing off lies, to reassure know-nothings that there
would be no collapse of the U.S. Government or the banks. Thereafter,
there was a brief upspike in gold, reaching briefly over 800 dollars per
ounce.even up to now, an all-time high.
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- Early in the 1980s, interest rates for the best credit
risks, like major corporations, was a minimum of twenty one and a half
per cent. U.S. Treasury securities were yielding an astounding sixteen
and a half per cent. Of course, the press fakers, on behalf of the American
aristocracy, kept propagandizing that all is well. Yet, there was a severe
crunch.
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- In the early 1980s as well, farmers nationwide were
going bust. The so-called "federal agency" that loaned money
to the farmers in the farm country was just about insolvent. There was
a nice legal question, now long-forgotten by many: Whether that federal
agency would be bailed out by the U.S. Treasury. Was the "Full Faith
and Credit" of the U.S. Government actually underwriting the solvency
of a "federal agency"?
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- Then there was the savings and loan debacle. The Federal
Savings and Loan Insurance Corporation, the "federal agency"
having issued deposit insurance to the S & Ls, was itself insolvent.
Was the U.S. Treasury obligated to bail-out FSLIC? A profound legal question
was involved. Swindlers in California, Texas[tied to the Bush Crime Family],
and Illinois, among other places, had plundered savings and loan associations.
One of these con-men was Daddy Bush's son, Neil Bush, who had for his
friends and apparently also for the American CIA, sucked off hundreds
of millions of dollars from Denver-based Silverado Savings. Neil Bush
should have been sent to prison. Denver Federal District Judge Richard
Matsch turned Neil loose. Was it just a coincidence that about that time
the Judge's daughter was murdered? Was that murder later used to also
scare the Judge when he had the Timothy McVeigh prosecution? Judge Matsch
kept out of the public record that Iraq was using domestic dissidents
as surrogates in the multiple bombings of the Federal office building,
April 19, 1995, in Oklahoma City.
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- [Some of the details in the SECRET court record were
referred to when McVeigh's chief defense counsel, Stephen Jones, brought
an unsuccessful higher court petition seeking a mandamus against Judge
Matsch to have such details come out at the McVeigh trial.. [Visit our
website story, "The Secrets of Timothy McVeigh". Also, all these
years after I wrote about this, survivors of the Oklahoma tragedy have
sued the government for covering up the Iraqi link to the bombings.]
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- Neil Bush was part of a series of swindles. [Visit our
website series, "Greenspan Aids and Bribes Bush", where there
are attached the secret federal reserve wire transfer records relating
to the Bush Crime Family and their 25 secret worldwide bank accounts.]
A very skilled Texas investigative reporter wrote a book how upwards
of two dozen S & Ls were plundered out of millions of dollars for
covert operations of the American CIA. See the book, "The Mafia,
The CIA, and George Bush", 1992, by Pete Brewton.
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- Also as to how a "federal agency" was to make
good crimes committed by Congressman Henry Hyde (R., Ill.), visit our series
on IRS corruption. Hyde plundered a Chicago-area S & L of which he
had been a director. Hyde beat the rap by blackmailing a Chicago Federal
District Judge, George Marovich, who owned a shopping center jointly with
mafioso and corrupt IRS officials, as a money laundry. Hyde also has been
head of the CIA "black budget", covert operations including
political murders. Hyde violated the U.S. Constitution's mandate of "Separation
of Powers". At the same time, Hyde was a member of the legislative
branch and the executive branch of the U.S. Government.
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- === More handwriting on the wall is the apparent upcoming
bust of the real estate bubble. Few Americans realize that the only free
market in the U.S. is in REAL ESTATE. No "federal agency" is
really prepared to come to the rescue of home owners facing mortgage foreclosure
because of growing unemployment. A so-called "federal agency"
is Fannie May, whose securities are sold on the market. They are basically
a huge pool of mortgages. If Fannie May becomes insolvent, is the U.S.
Treasury, on the principle of "Full Faith and Credit", obligated
to bail them out?
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- === Unemployment is much higher than U.S. Government
statistics which are being fudged to disguise the problem.
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- === In more recent times, an early warning sign of U.S.
Government's liquidity crisis, is the U.S. Treasury cancelling issuing
any more 30-year Treasury Bonds. There is a plan for the Federal Reserve
to issue a new, different colored so-called "U.S. Currency",
falsely masquerading as the "U.S.Dollar", actually backed by
nothing but hot air. The new colored so-called "U.S. Currency"
is to be for DOMESTIC USE only, not valid overseas and to be used by U.S.
citizens and residents IN THE UNITED STATES ONLY. It is part of a scheme
to deal with the little-mentioned U.S. Government crunch.
Currently, U.S. Postal Money Orders are issued for DOMESTIC U.S. use
ONLY, not valid overseas.
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- === Another handwriting on the wall, like the other,
perhaps in invisible ink is the expected disaster of the market mechanisms
known as "Clearing Houses". In 1984, I accurately predicted
months ahead of time the collapse of one of the then largest U.S. banks,
Continental Bank of Chicago. Among the largest stockholders were the
Vatican and the Queen of England (the British Monarch usually had a British
Royal acceptable to sit on the Continental Board of Directors). These
two sold their shares secretly at least six weeks ahead of the collapse.
The downfall of Continental Bank would inevitably spotlight the Federal
Deposit Insurance Corporation, FDIC, which did not have enough reserves
to bail out Continental. A nice legal question was whether this "federal
agency" would be bailed out by the U.S. Treasury.
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- Another major owner of Continental was then Chief Judge
Walter Cummings, Jr., of the Federal Appeals Court in Chicago. He was
also a "man of trust", considered acceptable to secretly handle
the affairs of the Vatican and the Vatican Bank. Continental was the bank
of deposit for most of the Church's money from the Western Hemisphere.
Little-known, the Catholic Archbishop of Chicago is also Treasurer for
the Church for the whole Western Hemisphere. Judge Cummings saved the
U.S. Government and the "federal agency" FDIC from a sticky
legal question. Off the record, the Judge let it be known that lawyers
who brought litigation against Continental would be persecuted and driven
out of the bar, if they dared bring any lawsuits in the court of competent
jurisdiction, being the U.S. District Court in Chicago under the supervision
of Judge Cummings.
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- At the time in 1984, of the impending collapse of Continental,
I was condemned and called "liar" for my public statements that
the commodity clearing house facilities, all the years linked to Continental,
would go down with the bank. Months later the newsfakers, such as the
Chicago Tribune, sheepishly admitted in print that the clearing house
facilities came within a hair of going down the drink with the bank.
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- Some in position to know, agree with me now in 2002,
that the clearing house mechanisms may fail in a financial meltdown that
some of them expect. THEY DO NOT, however, WARN THEIR CUSTOMERS, nor will
they permit me to quote them publicly. In simple terms, it means, on
an pending market deal, you may be the winner but will not be able to
collect your market winnings.
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- Some financial pundits---some with expensive newsletters
for subscribers---are generally afraid, if not reluctant, to discuss the
foregoing matters, such as the liquidity crunch of the U.S. Government
itself. Others point to the Home Depot disclosures as being possibly relevant.
That firm, heavily foreign-owned, has informed all their many outlets
throughout the nation, they are NOT to accept or fill any orders for or
from the U.S. Government. Do these foreign owners know something that
the U.S. oil-soaked, spy-riddled monopoly press dare not mention? Some
in the press raise a possibly bogus issue, that Home Depot is worried
about affirmative action and such on racial employment., mandatory for
federal contractors.
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- So, is UNCLE SUGAR'S SUGAR BOWL EMPTY? If so, what are
the consequences?
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- More coming.
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- Stay tuned.
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