My, my, how the mainuplators have created a mess of greed and unsustainable business practices. The only question is: How much is their position worth and how to get a grace period and/or outright forgiveness for the debt. Otherwise, we may be seeing the beginning of the end of what we call a banking system.

****************************** 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 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: 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, intefere 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 environement. Manipulation crowd desperate to hold gold price down to avoid a gold derivative blow up as is occuring 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.

-- paul leblanc (bronyaur@gis.net), February 05, 2000

Answers

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-- Uncle Bob (UNCLB0B@AOL.COM), February 05, 2000.

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-- (-@-.-), February 05, 2000.

Thanks Paul. Very interesting information. The Rothschild banking dynasty (500 years old), with Patriarch Felipe Rothschild currently at the helm, not only control or partly control The Bank of America, but also The Federal Reserve and have since its inception in 1913. With the aid of their North American agent J.P.Morgan, the Rothschilds were effectively able to push through the Federal Reserve Act on Dec.23rd,1913, with only 3 Congressmen present during the vote. A powerful family indeed. The power this family has had and continues to have is unprecedented in world history. There is nothing more, however, that would please me then to see the corrupt Bank of America go down in flames! This bank has a million ways to steal money from its "customers". It is entitled to every class action law suit that comes along.

-- NoJo (RSKeiper@aol.com), February 05, 2000.

NoJo,

You can bet that Bank of America will survive. Remember the Federal Reserve Bank will bail it out of it's current problems. What is more apt to happen is the Federal Reserve will be doing a lot of bailing in the next few months for a lot of these banks that are considered "To Large to Fail" at some point the Dollar will become to dilluted and cause hyperinflation at which point you will see the Dollars demise.

-- Gambler (scotanna@arosnet.com), February 05, 2000.

To big to fail? And quess who pays the price?

At some point there are no silver bullets left because printing money creates its own problem when people wake up and smell the inlfation.

-- Squid (ItsDark@down.here), February 06, 2000.