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I didn't have to read very far to conclude that this is a political document
rather than a factual report. The very idea of shutting down the S&P and
other pits for up to 90 days, while the Fed/Treasury stood idly by, strained
credulity in the first paragraph. The first clue to it being a political
document is the repeated use of "Red Chinese" which is no longer politically
correct. I did not finish reading the report but will not lose any sleep
over it.
Earl
-----Original Message-----
From: fpi@xxxxxxxxxxxx <fpi@xxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Sunday, November 15, 1998 7:25 PM
Subject: CME to be shut down?
>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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