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CME traders:
The following was sent to me by a close trading friend & newsletter writer.
He's doesn't go in for urban legends, etc. Nor am I trying to start one. I
have NO data on this personally. I'll check with some other contacts & post
anything interesting. But in the meantime,in the event others on the list
might have some info to share,either substantiating or refuting, here's the
article my friend sent me:
FEDERAL REGULATORS EYEING SHUT-DOWN OF CHICAGO MERCANTILE EXCHANGE
By Sherman H. Skolnick
Producer/Moderator, Public Access Cable TV Program "Broadsides"
Since 1963, Founder/Chairman, Citizen's Committee to Clean Up the Courts
CHICAGO - In a rare move, federal regulators are joining with the US
Justice Department in seriously considering the possible shut-down for
ninety days or more of the Chicago Mercantile Exchange. Following up on
several years of our exclusive reports, the federal investigators have
uncovered what appears to be massive illicit transactions on the Chicago
markets by trading firms on behalf of the Red Chinese government and newly
privatized Chinese firms.
The billions of dollars of highly suspect deals involve foreign exchange as
well as soybean dealing, all done to reportedly disguise dope trafficking
and unlawful weapons shipments, as well as the trafficking in human body
parts harvested by murdering political prisoners in China. Under intense
scrutiny are the records and lack of records of the Chicago foreign
exchange unit of a Canadian bank along with the dealings of Chicago and New
York based firms and a swarm of commission agents known in the trade as
introducing brokers.
The moves come in the wake of the Beijing government dragging their feet on
usually routine letters of credit and other bank-to-bank transactions used
by US and Europe based exporters. Experts on the export-import trade contend
the Chinese authorities are taking the actions to attempt to sidestep
devaluation of their currency and the related frantic flight of capital.
Chinese firms are accused of inflating their records to get funds out of
the country into US and other supposedly more sound currencies. A Red
Chinese devaluation, band watchers claim, would nearly destroy the
Rockefeller banks, such as the First National Bank of Chicago, which lent
billions to China on the empty promise of re-payment in gold from their
western provinces. Instead of gold, the Chinese have been allowed to flood
the US, through Chicago as the intake point, with "China White" high purity
heroin, seemingly exempt from interception by the US Drug Enforcement
Administration, considered themselves highly corrupt.
Likewise, a Red Chinese devaluation would most likely collapse the Japanese
banking system which is heavily involved in loans and dealings with Red
China and other Asian nations.
Called by savvy types, ForEx trading, the Chicago & China deals go
principally through the Chicago foreign exchange unit of Harris Bank, owned
by the Bank of Montreal, home-base of the whiskey barons and reputed dope
trafficking money laundering Bronfman family. Heavily invested in the US
music, entertainment, and communications industries, the Bronfmans are
generally considered sacred cows, off-limits to severe criticism by
mainstream pundits. On occasion, some of the Chinese foreign exchange
transactions also go through Harris Bank in combination with Bank of
America.
The San Francisco-based worldwide enterprise is owned principally by the
French Rothschilds jointly, historically, with the Jesuits. In more recent
years, major owners also of the parent firm, Bank America, have been the
Japanese Mafia, the Yakuza, who bought into the bank octopus when their
stock was below ten dollars a share.
Complicating the growing possibility of a Chicago-centered international
scandal is the attempt by former Clinton White House Senior Advisor, Rahm
Emanuel and a group of shadowy foreign exchange "bandit types" to take over
one or more trading firms. Rahm Emanuel reportedly arm-twisted various
traders, introducing brokers, and related agents, promising them huge
profits if they, without raising questions, went along with his plan to
greatly expand the already huge Chinese armlock on the Chicago markets.
Some of the brokers and traders claim, off the record, that they are being
unfairly singled out by the federal authorities in a move to divert
attention from President Clinton's treasonous giving of US financial,
industrial, and military secrets to the reputed head of the Red Chinese
Secret Police, Wang Jun, who is also a private law client of supposedly
"Independent" Counsel Kenneth W. Starr. Some point to this as a
conflict-of-interest overlap between Starr and Clinton.
Showing up at recent meetings of traders, brokers, and other agents,
dealing on the Chicago Mercantile Exchange, Harris Bank's foreign exchange
unit, and Bank of America, have been a contingent of agents for those who
oppose the fiery-eyed, overly intense Rahm Emanuel, who reportedly utilized
embezzled funds as a major 1992 presidential campaign boost to Clinton.
The funds were a three million dollar gap between 50 million dollars of
federal funds secretly transferred to Arkansas from Chicago and 47 million
dollars needed to cover up the embezzlement of Madison Guaranty Savings &
Loan, for which Bill and Hillary Clinton are subject to federal criminal
prosecution.
The Chicago Mercantile Exchange was part of the route of the clandestine
transfer of funds originally parked by a federal agency with Chicago-based
Household International and Household Bank. [Household Bank units in 1996
were taken over by Harris Bank.] The 50 million dollars were laundered
reportedly through the foreign exchange unit of Harris Bank.
At the meetings, those confronting Rahm Emanuel warned him that he should
"leave the country now" before something physical happens to him. In
apparent violation of US Constitution mandates, Emanuel has dual
citizenship, US and Israel, and left the US during the Persian Gulf War to
serve in Israel's Defense Forces.
Federal authorities are inquiring into the manner in which the clandestine
Red Chinese funds were laundered. Such as, huge amounts being attributed
to the ForEx trading arrangements, if not actual accounts, of various
trading firms, brokers, and introducing brokers who contend to confidants
that this was done without their knowledge, profit, or benefit. Rahm
Emanuel's cohorts, in strong-arming their way into the markets to expand
the Red Chinese presence in the Chicago markets, are now reportedly
promising traders and others sizable pay-offs by giving them other deals to
profit by. All, to further promote silence.
The federal authorities have to be extremely precautious in these
situations. Some of those trading in Swiss currency and Italian funds are
apparently implicated as well in the apparent murder of Clinton White House
deputy counsel Vincent W. Foster, Jr.; also the murder of Raul Gardini,
killed in the same time period as Foster. Gardini was head of the Vatican
firm seeking a major foothold in the Chicago markets, the firm Ferruzzi.
That firm helm a huge position in soybeans which almost wiped out
Archer-Daniels-Midland and Cargill, which had an ill-timed opposing market
position. [As we pointed out in exclusive prior stories, a director of the
Chicago Board of Trade admitted to us that they paid some 62 million
dollars in bribes to five identified federal judges in Chicago to cover up
the soybean cases in the center of which was Ferruzzi. The Milan,
Italy-based firm went bankrupt because of the judicial bribery to fix the
cases for the Board of Trade and a group including Hillary Clinton and to
damage Ferruzzi.]
Knowledgeable sources claim Foster was "suicided" or murdered, to cover up
his role as major "bagman" from the late 1970s on, for various illicit
dealings on the Chicago Mercantile Exchange. And that by 1991, Rahm
Emanuel got into this picture and played some role in the July, 1993 demise
of both Foster and Gardini. Foster, according to airline records uncovered
by the London Sunday Telegraph newspaper, traveled hundreds of thousands of
miles in the decade or more before he was briefly in 1993 a Clinton aide in
the White House.
Closing the Chicago Mercantile Exchange for ninety days or more would be
unprecedented for the 20th Century. In the 19th Century, however, due to
wild gambling, the much older Chicago Board of Trade was closed for a while
and Western Union Telegraph cut off the wires into the place.
Cynics in law enforcement say they expect a string of strange vehicle
"accidents", "heart attacks", which we call CIA heart attacks, and such, to
try to shut down the Chicago Mercantile Exchange scandal before it spreads
to other venues. The shut down may be covered up as a merger with, or link
in some way, with the Chicago Board of Trade.
End.
FPI
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