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<p>Skolnick COMMENTARY #011
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========================</p>
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<p>[CfD Editor -- I neither necessarily believe nor disbelieve
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either all or portions of the following.]</p>
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<p>[The following is a transcript of a recorded phone message put
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out by a group in Chicago called "Citizens' Committee to Clean Up
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the Courts." (312) 731-1100 and (312) 731-1505.]</p>
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<p>Hi! Sherman Skolnick, Citizens' Committee to Clean Up the Courts,
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9800 South Oglesby.</p>
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<p>The signs are there, but not enough people are watching.</p>
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<p>The stock market has been pumped up by a lot of people emptying
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their bank accounts and other financial accounts and buying
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mutual funds. The theory being: the managers of mutual funds
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[pay(?)] more than others. Oh, yeah?</p>
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<p>And the mutual funds, in turn, buy stocks. So a lot of
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inexperienced, unsophisticated people have a lot of their life
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savings into stocks. Also, the very low interest rates have
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pumped up the price of bonds. On huge volume, the stock market
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has been churning -- inching up, and backing down -- as the
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ultra-rich use their newspapers, magazines, radio and t.v. to
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lure more and more suckers into the markets.</p>
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<p>Traditionally, sizeable corporate interests buy off financial
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reporters to float stories heating up the know-nothings into
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buying. Some such reporters, and their editors, are double-dippers: their regular salary plus "under the table" to promote
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phoney stories. It's one of the great unpublicized scandals,
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along with the media acting to "shake down" companies to get
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advertising contracts [by] threatening to run negative items.</p>
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<p>At the top of the market, the very-rich unload and it's called
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"distribution." Insiders know the horrendous news is waiting to
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be sprung. Such as terrible news about IBM, that their securities
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are being racked by the ratings agencies like Standard & Poors.
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Or even worse, that IBM may be pushed into bankruptcy by panicy
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banks. Items like that, if widely circulated, could be the pin to
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Wall Street's balloon. With the markets so puffed up, some think
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a specific "pin" is not necessary.</p>
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<p>The press is avoiding discussion. We're facing a crash in bonds
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or in stocks, or *both* together.</p>
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<p>A few realize the great danger of overstaying a bull market.</p>
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<p>Question: Is Clinton up to it? Can he deal with the financial
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tailspin without using emergency powers -- such as shutting down
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the stock exchanges or halting the bond markets -- *huh*?!</p>
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<p>Using domestic emergency powers is becoming more and more
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useless. High technology makes it easy to side-step Wall Street
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and trade on foreign exchanges with the blip of a computer mouse. </p>
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<p>Also, so-called "derivatives" are the "tail wagging the dog" --
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options and futures contracts and numbers games of every kind.</p>
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<p>The ultra-rich promote paper money; they feel they can control
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the [peasants(?)] that way. On the other hand: independent money
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in gold, silver and platinum. When gold is able to stay over $410
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an ounce, well, the paper money game will come to an end. The
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Federal Reserve and other private, central banks keep trying to
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keep gold under the magic number of 410. But demands for gold
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will wreck The Fed's dirty trick.</p>
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<p>America and the western world are facing 3 historical cycles: the
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500 year economic cycle, 1492-1992 (we're overdue on that one);
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and the 60 year cycle 1933 (the date of the bank collapse) and
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1993; and then there's 1943 -- the Pope made a secret 50 year
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deal not to interfere with the western world and their
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financials. Of course it's up in 1993.</p>
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<p>Strong central governments are becoming obsolete: Moscow,
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Washington, London, Paris and others.</p>
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<p>What can you do? Huh-huh. Call up your news-fakers and tell them
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to stop *kidding* us, huh?!</p>
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<p>In Chicago, see us on cable TV, channel 21. 9 pm [cst] Monday
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evenings, February 21, 28, and March 7.</p>
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<p>Play it again: *Eliminating Presidents*, (312)731-1505. New
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message Thursday; we change it several times a week. Donations
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appreciated. Citizens' Committee to Clean Up the Courts, 9800
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South Oglesby, Chicago, [Illinois] 60617. For the latest on
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courts, banks, espionage agencies, political assassinations, and
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the news media. On 24 hours...
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</p>
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</div>
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