Sherman H. Skolnick
by Sherman H. Skolnick 8/14/02
The American stock market goes down. And then, suddenly, it jumps way up big! What is happening? Only temporarily? Hey, remember. This IS a bear market. Some attribute these doings to "computer program-trading". That is, stock buying electronically. The difference is when the buying is mysterious in big amounts. To try to understand this, here are some things you need to know.
Wal-Mart, through relying heavily on cheap if not slave labor from Red China, has become the largest corporation in the world. When they did not advertise much on the television, the tv pundits occasionally would criticize them, just a little, not too much.
At the same time, not adequately publicized in the monopoly press, is the growing number of class action law suits pending against Wal-Mart, or in the process of being pending, in various parts of the United States. Such as, claims that Wal-Mart forces, which they deny, some of their workers to do straighten-out-the-store and do clean-up work, after the end of the workers' shift, without paying for the extra hours and/or required over-time. If proved in Court, these charges could amount to damages against Wal-Mart of hundreds of millions if not billions of dollars.
Because of the recession that some contended did not exist, if it somehow is over with, the GOP is worried about the year 2002 Congressional Election. Ignored, of course, is the growing vast lay-offs and the looming real estate bust. If Democrats became the majority in the House of Representatives, they might even consider impeachment charges against the White House occupant and resident, George W. Bush, for cranking up a war against Iraq without the legal provisions of the U.S. Constitution. [Will the Election be conducted "just in the usual way" or not? We shall see.]
Like President Herbert Hoover, Bush Jr. mouths off words he ought to know are false. Stating, that the United States economy and business are on a "safe and sound basis", or similar terms right out of 1930-31, remembered only by old-timers.
How to create an illusion that all is well. that a renewed prosperity is "just around the corner"? Well, temporarily, pump up the Dow Jones 30 Industrials, as a false psychological barometer of business.
And how do you do that? Simple. As just a book entry, tens of billions of dollars owed through Wal-Mart, to Red China, are temporarily diverted into Wall Street, with the unseen aid of the Red Chinese Secret Police. On a much smaller scale, but important to that era, similar tricks were done to keep the suckers in place in 1929. [As background, to the illusion created in 1929 by J.P. Morgan & Co., and their rotten devices, read "The Great Crash-1929", by J. Kenneth Galbraith.]
Some of the reportedly corrupt and bloody deals between Wal-Mart and Red China, and their Secret Police, have been arranged by Prescott S. Bush, Jr., uncle of George W. Bush. Prescott is the brother of Daddy Bush. Prescott has been the head of the United States of America-China Chamber of Commerce, 55 W. Monroe St., Suite 630, Chicago IL 60603. (312) 368-0430 or (312) 368-9022. FAX (312) 368-0418. E-Mail firstname.lastname@example.org [And according to published accounts, Prescott has had similar dirty deals with the Japanese mafia, the Yakuza. Put in his name in a good search engine.]
Three or more vast, worldwide brokerage/banks are reportedly implicated in this illusion of pumping up the American stock market temporarily with the Wal-Mart-Red Chinese hocus-pocus book entries, including J.P. Morgan Chase (a merger with Rockefeller-owned Chase Manhattan Bank holding firm), Merrill Lynch, and Bear Stearns. And note, J.P. Morgan as an empire, began with being built on the treasonous goings on all the way back to the American Civil War. Morgan sold to the U.S. Army many thousands of knowingly defective rifles, weapons that more often killed the user or blew off their thumbs. [See, "The History of the Great American Fortunes" by Gustavus Myers.] Morgan, as the purchasing agent for the British Monarchy, arranged to fraudulently drag the U.S. into Europe's World War One.
These brokerages/banks get away with this. For example, the Federal authorities have been unlawfully sucking hundreds of billions of dollars from the Social Security and Medicare Trust Funds, to prevent Morgan from going bankrupt. Morgan has 24 trillion dollars mostly in gold derivatives at a time when the markets went against them. Morgan's purpose has been to try to knock down the upward movement of gold.
Merrill Lynch is facing possible bankruptycy from a tidal wave of about to be pending class action suits against them. charging them with giving false information to clients to cover up about-to-be bankrupt companies tied to Merrill's fee-gathering. Bear Stearns has been reportedly facing exposure on their role in Middle East dirty, bloody business.
Hey, do not heckle us with loads of e-mail as to WHY the state and federal authorities so far are mostly silent about all this. If you do not already know the answer to that, then disregard this story. And, history will teach you in time, in a sad and hard way, all that you need to know about blackmail and those in high public office who are FOR SALE.
Notice some of the e-mail questions we get when some folks read our series on "Wal-Mart and the Red Chinese Secret Police".
"Mr. Skolnick, I used to be an assistant manager at Wal-Mart. I have never seen as manager or top officials any slant-eyed types. Who are these Red Chinese Secret Police? I never saw them in the store."
And our response, "In responding to questions, we try very hard to be polite. Often, we are not successful in responding to those who are naive and poorly informed."
As to the Chicago commodity and currency markets, which set prices for worldwide, we are about the only ones that comment on the role THERE of the Red Chinese Secret Police. Such as laundering the proceeds from the Southwest China to Chicago dope rackets, such as laundering the proceeds from the shipping from Red China to Rockefellers' University of Chicago hospitals, of human body parts. Those hospitals are a major human body parts transplant center. The Red Chinese Secret Police sentence dissidents to death as orders come in from Chicago for human body parts, livers, etc. See our series on "The Red Chinese Secret Police IN THE UNITED STATES". As to the Rockefellers and Arkansas, visit our website series, "Wal-Mart and the Red Chinese Secret Police". A simple answer is that the Secret Police of mainland China have developed ways to put occidentals rather than orientals in front. To understand some of this, visit our website story how the U.S. Government is arranging to outlaw lead-based gun ammunition in this country, to promote "green ammo", bullets made from tungsten, the world's major supplier of tungsten being mainland China. Visit our website item, "Marc Rich---King of the U.S. Bullets".
In sum, how do you screw suckers and novices in a crashing stock market? Simple work for scoundrels. You find ways to temporarily pump up the psychological barometer, the Dow Jones 30 Industrials, so as to keep the sheep in place to be clipped. And the liars and whores of the press are part of this despicable fakery. Do you realize how many mass media honchos spend part of the day getting rich on insider trading, immune from the authorities? More about that some other time.
More coming. Stay tuned.
Since 1958, Mr.Skolnick has been a court reformer. Since 1963,
founder/chairman, Citizen's Committee to Clean Up the Courts, disclosing
certain instances of judicial and other bribery and political murders.
Since 1991 a regular panelist, and since 1995, moderator/producer, of
one-hour,weekly public access Cable TV Show, "Broadsides", Cablecast on
Channel 21, 9 p.m. each Monday in Chicago. For a heavy packet of printed
stories, send $5.00 [U.S. funds] and a stamped, self-addressed business
sized envelope [4-1/4 x 9-1/2 #10 size] WITH THREE STAMPS ON IT, to
Citizen's Committee to Clean Up the Courts, Sherman H. Skolnick,
Chairman, 9800 South Oglesby Ave., Chicago IL 60617-4870. Office, 7
days, 8 a.m. to midnight, (773) 375-5741 [PLEASE, no "just routine
calls]. Before sending FAX,