MICHAEL GORHAM'S PAPER
MONEY MOB!
Copyright JUNE 2004 Charles Savoie
Good God! Mister Gorham speaks with puzzlement
in his reply to the silver investing public as to what motive
big commercial interests would have for depressing the silver
price. He is disoriented with bafflement as to why anyone would
work in concert to lower the silver price. Average investors
lost big again in silver in the plunge from over $8 to under $6!
The most important item in his May 14, 2004 denial letter, from
a monetary, rather than a commodity perspective, is where he
informs us he was with the Federal Reserve System for a
four-year period. That says everything about this Michael, who
bears no resemblance to any fabled Archangel! When I refer to
Gorham's paper money mob, my intent is to say that he's a member
only, and not at all that he runs this gang! Indications are
that his assigned role is to assist in blocking a rise in the
silver price. The home base of the paper money mob is London
(see "Silver Wars and Silver Surprises" here in Archives). The
"Old Lady of Threadneedle Street," as the Bank of England is
sometimes called, is the grand master of paper money creation.
American patriots fought its extensions in America, the first
and second Bank of the United States---or United States Bank---
because they recognized the foreign influence in our money
system. These institutions---predecessors to the Federal Reserve
System---were issuing funny money (unbacked paper notes). The
Founding Fathers viewpoint that gold and silver were to be used
as money was being trashed. What has changed? With his refusal
to acknowledge a coordinated superintending plan to suppress the
silver price---a plan which overrides natural market forces
until the deficit becomes irresistible--- Gorham has marked
himself as a target for future Congressional investigation. The
public is weary of Wall Street financial scandals. If those of
us in the silver market who aren't insiders, know essentially
what's wrong, it follows that the director of Market Oversight
for the Commodity Futures Trading Commission, much more than any
of us, should know what's wrong.
DIAGNOSING SOME PROBLEMS
For public consumption, Gorham says there could be no motive for
commercial interests to depress the silver price. That's like
saying mosquitoes have no motive to land on warm-blooded
creatures. First of all, the Silver Users Association has always
fought for low silver prices. CFTC commissioners are on record
addressing the Silver Users Association. Why do these alleged
guardians of the public trust address a group with an interest
in low (short) silver prices? This is not indicative of a
neutral viewpoint! On October 28, 1998, Brooksley Born,
chairperson of the CFTC addressed them with these opening
remarks---
"I am pleased to be asked to speak today to members of the
silver users association. Having represented a client in the
cases and investigations relating to the 1980 manipulation of
the world silver market by the Hunt brothers and others, I
continue to have a special interest in the silver market."
See
www.cftc.gov/opa/speeches/opaborn-39.htm for details. A
crucial aspect of the CFTC view of the silver market is there is
no shortside manipulation possible. Shortside market rigging is
as impossible as making two even numbers total an odd number!
Shorts can do no wrong. Shorts have no motive to engineer
prices. Shorts have no reason to want silver prices to collapse!
The deficit is not a reason for silver prices to rise, though it
could be a reason in any other commodity! We have a deficit, but
we do not have a shortfall! Vanishing world silver inventories
are not a reason for prices to rise! However, if silver prices
begin to rise, the CFTC will investigate "excesses in
speculation" as the Silver Users Association speaks of. The way
the CFTC views silver is like if a freak freeze wiped out all
the Florida citrus groves, they'd be saying, that's not a reason
for orange juice futures to spike! The SUA is the one and only
and exclusive users association in any commodity and the CFTC
raises not one eyelash about it. They see a unicorn in a horse
barn and act like all animals within are horses! What would CFTC
officials have to say about De Beers in diamonds, and about OPEC
in oil? "Oh, those are long market manipulators, and the Justice
Department won't allow them to have offices on United States
soil!" I provided readers with 322 references mainly from the
Wall Street Journal concerning the Silver Users Association in
"The Silver Raiders" (archives). The CFTC knows what the Silver
Users Association is, and they are in obvious complicity. The
fact that long cartels are easier for the average person to
understand than short ones is taken full advantage of. When
silver prices rise, some malevolent impish voice starts barking
in the background, "Oh, the Hunts this, and oh, the Hunt
brothers that! And oh, those really evil silver hoarders!"
Brooksely Born should be given a pick and shovel and made to
produce silver for the users at COMEX rates! Then this person
who shouldn't have been "born" would wish she hadn't been!
CFTC Commissioner Thomas Erickson addressed them on October 18,
2000 and said---
"I was pleased to accept Walter Frankland's invitation to speak
with members of the Silver Users Association."
See
www.cftc.gov/opa/speeches00/opaericks-7.htm for details.
Take note that these CFTC Commissioners are "pleased" to address
the Silver Users Association. It's like, they'd rather tell the
Silver Users Association just exactly whatever it wishes to
hear, than to hop off the train tracks if a locomotive was
within inches of wiping them out! They wish to please the devil
like the medieval Faustus, and like the deranged clergyman in
the Irish horror film "Rawhead Rex" (1986) who, when warned that
association with the demon would get him killed, said with
sardonic delight---"I HOPE SO!" James Newsome, CFTC chairman,
addressed the Silver Users Association on May 23, 2001 and
tickled their ears---
"It is both an honor and a pleasure to address this
distinguished group. The CFTC will continue to vigorously
prosecute those who attempt to manipulate markets or to defraud
market participants. I look forward to working with you as we
move forward."
See
http://www.cftc.gov/opa/speeches01/opanewsm-20.htm for
details. Are these CFTC officials blind? No! Have they had a
portion of their brains lobotomized so they can't understand
what a short cartel is? No! What other conclusion can we draw
but that they are intentionally dishonest? The Silver Users
Association is indeed a "distinguished group." They are
distinguished as the organization that soaked up America's
silver at theft rates; as the organization responsible, with the
paper money mob, for taking away our last sound money; as the
organization bearing the blame for the U.S. being without a
strategic silver stockpile for military defense; and as the
single most blamable group for the coming silver supply
disruptions. This is the group of which CFTC Chairman Newsome
says, he looks forward to working with! With great irony I point
out that the Silver Users Association calls itself a "nonprofit
organization." What kind of mark-up does Tiffany & Company apply
to fabricated sterling jewelry? After purchasing one of their
silver items, how much could you sell it for melt content?
That's what we thought! You'd get hurt bad! Nonprofit, indeed!
More likely, they want silver miners and silver holders to lead
a nonprofit existence! Just let them produce at a loss for a few
years, go bankrupt, then someone else comes in with mining
capital and repeats the cycle! A naked short position will be
maintained, assuring users of cheap silver!
Is the CFTC assisting in covering up such intentions? To every
appearance, yes! Would these three CFTC commissioners, along
with Michael Gorham, care to address a silver investment
conference, with silver mining companies and metals dealers
present? Why, no, that would be a conflict of interest, because
those are folks who prefer to see a rising silver price! When
they address a group with an interest in having low prices,
that's not a conflict of interest---as long as THEY are making
the interpretations and creating the definitions! The CFTC
advisory committees feature names like Goldman Sachs; Lehman
Brothers; Morgan Stanley; JPMorgan and others who provide
security and bond underwriting services for many corporations,
including silver users such as Kodak, Du Pont and Dow Chemical.
Goldman Sachs, after JPMorganChase, appears to be the second
most influential financial entity in American media, with
Goldman partners on many large boards of directors. These media
giants get advertising patronage from Kodak, Dow Chemical and Du
Pont, and none from silver miners, accounting for editorial bias
against rising silver prices.
Philip M. Johnson, former CFTC chairman and current advisory
committee member, is with the Skadden Arps law firm that reps
for Du Pont---the same law firm Eliot Spitzer comes from.
Spitzer has been on notice concerning the silver problem since
last year, and to date has taken no action. Maybe John Ashcroft,
Attorney General of the U.S., has told Spitzer that higher
silver (and gold) prices would "foster Arab terrorism!"
Everything (except the deficit and silver longs) is incredibly
interwoven to unite influence in a specific direction for silver
prices---down! Those investment banks are also revolving doors
with Federal Reserve and Treasury officials, who fight for
unbacked dollars! However, how can COMEX say the silver price is
thus-and-such low figure, when we know the end outcome of a
ceaseless deficit is a crisis of availability? Have rule changes
already been drawn up, emergency orders and a suggestion to the
Oval Office for an Executive Order to deny delivery to longs,
and to institute a requirement for "end user certificates" in
order to get silver? The ONLY silver company to so far announce
it has bought physical silver declines to state the vault
location. The likeliest reason for this is fear of seizure by
the United States government, run as it is by anti-precious
metals financiers with their prostitute paper money mob
economists holding key positions! Hey Gorham, I bet that silver
is safe offshore where "economists" such as you cannot suggest
it be seized! Go ahead and twitch; we understand.
THE PAPER MONEY MOB VIEW ON SILVER!
Since we know by his own admission that Gorham was with the
Federal Reserve System for 4 years, we must understand the
relevance of this link to a desire for low silver prices. In
February 1873 Congress carelessly passed an act containing a
provision that silver couldn't be used to pay any debts over $5,
in effect, silver was demonetized in the "Crime of '73;" paper
money creators fear silver---and gold also. Paper money can be
created to unlimited extent, so why would Gorham object to so
much COMEX paper silver? The CFTC is interwoven with the Federal
Reserve, as the CFTC Chairman is a member of the President's
Working Group on Financial Markets. The other members are---SEC
Chairman; Secretary of the Treasury; and Chairman of the Federal
Reserve. Yeah, Newsome rubs elbows with Knight of the British
Empire, Alan Greenspan, gold price suppressor. The British
financial empire is a fiat paper money empire of central banks
and allied institutions. The SEC under Harvey Pitt failed to
protect investors from the analyst swindle stock frauds; silver
longs are pillaged by COMEX and CFTC denies it, because the
silver shorts and paper money mob controls the CFTC! The illegal
short sales have a price cap on the net worth of all silver
mining investors! What gives COMEX the right to set the world
price of silver in defiance of supply-demand facts, and to cause
a disruptive long-term shortage?
The CFTC is in a revolving door relationship with the Federal
Reserve System, in addition to Gorham, Susan M. Phillips, who
became CFTC Commissioner on January 16, 1981, through July 24,
1987, became a Governor of the Fed from 1991 through June 30,
1998. The CFTC has an intense relationship with the New York
Mercantile Exchange, owner of the COMEX, and J. Robert Collins,
NYMEX president, had his first business position with the
Federal Reserve Bank of Dallas. John Walsh of the CFTC Global
Markets advisory committee, is a member of the Group of 30,
several of whose members have been governors of the Bank of
England, highly suspect of being the prime overseas agency
behind the silver demonetization of 1873 that devastated the
middle class and dispossessed millions of their land and homes!
As an Englishman said, speaking of Great Britain, on an episode
of "The Big Valley" TV Western---
"It's a very old country, Mr. Barkley. Very old, and very
experienced!"
I suggest that huge motives exist on the part of industrial
users and paper money creators to want low silver prices. The
users, so they can obtain the raw material at the lowest price
so as to have the biggest spread between the acquisition cost
and the fabricated mark-up; and the Federal Reserve gang, to
make it look like their play money is really worth something,
and that silver isn't money! (Fake symbol of wealth, below)---
The industrial silver users have raised holy hell on numerous
occasions as silver prices rose only slightly, saying it would
put them out of business. However, platinum is also an
industrial metal, with a cost some 150 times that of silver, and
we hear no protests that platinum prices are threatening to put
them out of business! But higher silver prices are more
dangerous than higher platinum prices, because silver have been
used as MONEY for millennia, while platinum hasn't! Let's look
at only a few available references illustrating that those with
the Federal Reserve System deny that silver is money, and how
they support a low silver price! The Commercial & Financial
Chronicle, January 1, 1938, page 45, reported a summit of over
60 economists sponsored by the American Economic Association,
attacked silver coinage. One of those present who signed the
anti-silver resolution was Randolph Burgess, at the time, vice
president of the Federal Reserve Bank of New York.
Example #2, Commercial & Financial Chronicle, April 22, 1939,
page 2355, Marriner Eccles, then chairman of the Federal Reserve
System, complained to the United States Senate that---
"Silver certificates are displacing Federal Reserve Notes in our
currency system."
Here was a creator of unbacked paper money, complaining about
silver. (Doing away with the gold reserve requirement was on
their drawing board!) Eccles was in on the founding of the World
Bank and the International Monetary Fund, whose website start
page says, "Gold and silver are non-monetary assets." Quite
naturally, the silver certificates, being redeemable in real
money-silver-were preferred by realistic citizens over the puff
of smoke backed Fed Notes! Utah (silver state) born turncoat
Eccles, below---
Eccles advocated to the Senate that silver prices be reduced
from the official OPA (Office of Price Administration, a Fascist
agency predating the Fascist Cost of Living Council) price of
64.64 cents per ounce, to a flat 50 cents an ounce. The first
director of the OPA (1941-1942) was Leon Henderson, who before
that chaired the Securities Exchange Commission. Henderson was a
member of the anti-silver American Economic Association. The OPA
rationed gasoline, coffee, tires and most food, and price capped
silver, "to prevent wartime inflation." I suggest that if the
object is to prevent inflation, unbacked currency must become
metallic based currency; then "inflation" won't be a concern.
The OPA was phased out in 1947 but was replaced by the Office of
Economic Stabilization, another Fascist/Socialist Federal agency
run by economists fronting for monopoly capitalists. I suggest
that Michael Gorham of CFTC and Federal Reserve has a built in
bias from his background against any silver prices other than
low silver prices!
Example #3, Commercial & Financial Chronicle, June 24, 1939,
page 3773, we note the comments of Marriner Eccles, chairman of
the Federal Reserve System---
"From the monetary point of view there is no justification for
any kind of silver program."
The "monetary" point of view, he said, doesn't justify any use
of silver. What did the term "monetary" mean to him? Evidently,
the power to create paper notes without any basis in value; to
force the public by the legal tender statutes to use these as
currency; and to deprive the people of real money---silver! We
note with concern, this attack was first against silver, then
against gold! That is an indication of which monetary metal they
fear most! What looks more like money, gold and silver coins, or
a piece of inky paper? Federal Reserve Notes are rather like
automobile titles, with no automobiles to correspond to them!
Example #4, Commercial & Financial Chronicle, May 16, 1946, page
2703, the Economists National Committee on Monetary Reform
called for lowering the silver price. Naturally, none of these
fiends were involved in mining silver! One of these economists
was Ivan Wright, ex of the Federal Reserve Bank of Chicago.
Example #5, Federal Reserve Bulletin, September 1946, page 995,
mentioned the U.S. Treasury and the Federal Reserve branch banks
helping subsidize industrial silver users (at taxpayer expense).
Industrial users were taking delivery of 1,000 ounce silver
bars, triple niners, from their nearest Fed branch bank. We know
quite well about the users desire to pay as little as possible
for silver, and Treasury and Fed officials fell all over
themselves to accommodate them.
Example #6, Commercial & Financial Chronicle, April 30, 1953,
pages 1872-1873, retired admiral Donald Ramsey, legislative
counsel to the Silver Users Association, addressed the Mirror
Manufacturers Association in Chicago. A few remarks---
"It would be more lucrative to just print paper money and spend
it. In 1950 the Treasury Department officially took the position
that it would not object to the enactment of legislation
repealing these laws. The Board of Governors of the Federal
Reserve System officially stated that enactment of such
legislation would be in the public interest."
Ramsey spoke volumes in just three sentences. All we need do for
national prosperity and everything prosperity involves is to
"print paper money and spend it." Just run those Federal
Reserve/Treasury printing presses, and we create prosperity.
Were such the case there would be no homeless, no jobless, no
underemployed, and no poverty in America!
Such prosperity is in fact created for those who issue Federal
Reserve Notes---for those banking organizations and the rich
families back of them. However, everyone downstream is more
often than not, harmed by irredeemable fiduciary currency. It's
in the public interest, say Federal Reserve sources, that our
currency not be backed with silver, so they said, get rid of the
silver reserve requirement, do away with silver certificates!
Don't anyone think that Gorham would see it otherwise. Without
silver backing silver certificates, and with the ending of the
silver coinage program, the hog trough was full for the silver
users! Except that we're 51 years out from 1953, and the silver
deficit can't go away with low prices. They fail to accept that
the only thing that has a chance to end the deficit is a market
free from inordinate short influence, which the CFTC covers up.
The certain formula to increase silver supply is "LET
PRICES RISE." Senator Pittman of Nevada made reference
to "our government conspiring with other governments to beat
down the market price of silver," C & F Chronicle, March 23,
1940, page 1859. I suggest that if someone like Senator Pittman
had been the Congressional sponsor of today's CFTC
commissioners, action would have been taken long ago to bring
fair play to the market!
Example #7, Federal Reserve Bulletin, April 1963, page 469,
testimony of William McChesney Martin Jr., Federal Reserve Board
Chairman at a Congressional hearing---
"The Board believes it is unnecessary to utilize silver as part
of the U.S. monetary system. Although some concern has been
expressed that removing the silver "backing" from part of our
currency might lower its value, I would not agree."
He disagreed with the silver-backing aspect because he was a
dishonest man; because unbacked irredeemable currency is
dishonest. As for lowering the value of the currency, in the 41
years since that liar addressed Congress, the Federal Reserve
Note has lost most of its purchasing power. Silver is a store of
value; it is a unit of value; it is a measure of value; it is
fungible; it is wealth and worth more than simple paper; and all
the regiments of liar economists cannot alter that fact. It is a
fact that will become more perceptible to the common man as time
goes on.
Example #8, Wall Street Journal, March 27, 1964, page 10---
"Commercial concerns are big buyers of silver, but they always
make their purchases in bar form, generally through Federal
Reserve Banks."
Federal Reserve officials have a history of calling for lower
silver prices. Federal Reserve officials have a history of
suppressing silver prices. Federal Reserve officials have a
history of assisting silver users to obtain silver as cheaply as
possible. Silver and rising silver values are a threat to the
Federal Reserve Note, the same as gold! This is why they have
acted to help short the silver price! Isn't this the root of
your denial of shortside silver price manipulation, Mister
Gorham? I suggest you wish silver prices low so the Federal
Reserve Note can appear to have more "value!" When the silver
shortage is forced into public view, after blaming longs for the
problem caused by users and shorts, will Gorham suggest that
"End User Certificates" be required for purchase of silver, as
the Wall Street Journal, May 22, 1967, page 4 said---
"Proving they qualify as a legitimate consumer."
Who will be issued these "End User Certificates," but the
ever-militant Silver Users Association?
Example #9, Wall Street Journal, December 7, 1967, page 1, the
12 Federal Reserve branch banks were sifting through coinage,
and removing any remaining silver coins for the benefit of the
Silver Users Association. All that cheap silver! These Federal
Reserve hoods were just too happy to get rid of any real money
they could, and get the public on their sickly "created" money!
Example #10, the Economic Review of the Federal Reserve Bank of
San Francisco (where he was an economist), Winter 1978 issue,
pages 7 through 19, Michael Gorham presented an article titled,
"Dividing Up The Minerals of the Deep Seabed." Sorry I didn't
have time to run down that article; however, given the bias seen
in these other examples, we can easily suppose that any silver
present on the ocean floor, should someday be divided up among
the members of the Silver Users Association, who put out an air
like they came down from Mount Sinai with stone tablets engraved
with the message that they alone are entitled to silver and all
profits relating to it!
Example #11, on October 3, 1979, the board of governors of the
Commodity Exchange called for a "Special Silver Committee" to
look into the silver situation. In "Beyond Greed-The Hunt
Family's Bold Attempt To Corner The Silver Market" (Penguin
Books, New York, 1982), Stephen Fay claimed on page 141 that the
chairman of the Special Silver Committee, Andrew Brimmer, was
even more "disinterested" in the silver market than the other
Commission members, who were also "disinterested in silver." By
the way, does anyone have a complete list of who those
"disinterested" gentlemen were? I can see no reason for lack of
leads to those specific identities except, if they were checked
out, it would be seen that the "disinterested in silver" claim
was audaciously false! Brimmer served as a governor of the
Federal Reserve System from 1966 through 1974! This is the same
organization on record as opposing use of silver as money or
monetary backing! The same institution whose chairman in 1939
called for a 22.64% lowering of the silver price paid to
struggling miners! No doubt the users let out a cackling
demoniac laugh, knowing the silver miners were being forced to
high-grade their richest silver veins to keep from going under!
Brimmer was "disinterested in silver," said Mr. Fay, a so-called
"investigative reporter!" The Special Silver Committee headed by
the "disinterested" Brimmer validated the January 21, 1980 COMEX
rule change, ordering liquidation only trading in silver. As
additional proof that Brimmer was "disinterested in silver,"
please note that not only was Brimmer also a governor of the
Commodity Exchange at that time, he was additionally a director
of Du Pont, Silver Users Association members! How can you have a
director of a corporate member of an organization that works to
lower the price of a commodity, making rules and determinations
in the leading worldwide exchange of that commodity, and say,
this is a "disinterested" person? How much Du Pont stock was he
holding? Brimmer was also a director of the anti-silver National
Bureau for Economic Research, whose honorary chairman at the
time was Arthur F. Burns (below), Chairman of the Federal
Reserve System from 1970 through 1978!
Robert Parry, president of the San Francisco Fed Bank, is a
director of the NBEC. Watch for the National Bureau of Economic
Research to present a "white paper" suggesting that silver be
nationalized! It would be in keeping with the banker/user way of
stealing things! I guess silver investors are fortunate that
these Federal Reserve paper money mobsters are "disinterested"
in silver! How much lower would the price be rigged if they
admitted to having an interest in it, since it's a menace to
their dreadful paper money? Senator Pittman of Nevada remarked
that you could buy the necessities of life anywhere in the world
with silver, but that there were "many places where you could
not buy these necessities of life with a Federal Reserve Note."
(C & F Chronicle, March 23, 1940, page 1859).
PAPER MONEY MOB & CHINESE SILVER!
In his May 25, 2004 article on China and the commercial Comex
silver shorts, Butler succinctly detailed the case that silver
to service the deficit has been coming mostly (maybe entirely)
from China since some point in 1999. The nature of the global
financial octopus is such that, it is to be anticipated that
another Federal Reserve connection would be identified regarding
Chinese silver dumping. Clark T. Randt Jr. became Ambassador to
China on July 23, 2001. He came by way of the Hotchkiss School
and Yale, both modeled after the British system. He has been a
partner with the ultra-powerful Wall Street law firm, Shearman &
Sterling, which according to the State Department website, has
"substantial China practice." A brief look at their site showed
they refer to Red China as "Greater China," and have represented
entities such as China Telecom; China National Petroleum; Petro
China; Hutchison Whampoa; Citigroup; Merrill Lynch; Barclay's
Bank; Lehman Brothers; Goldman Sachs; Anglo Gold; Deutsche Bank;
HSBC; JPMorganChase; Morgan Stanley; and Bank of Nova Scotia.
Richard Aldrich Jr. (Bank of China) and Edward Turner III
(Chinese electric power and infrastructure) graduated from
Vanderbilt Law School, and Robert Truehold (7 giant French
entities) was a David Rockefeller Fellow in 2002; the firm
represents the "World Money Power." Robert Huntington Knight, an
heir to the Whitney (Standard Oil) fortune, chaired the Federal
Reserve Bank of New York from 1977 through 1983, and was a
partner with Shearman & Sterling from 1962 through 1985 with
Randt a subordinate. Knight is a member of what I will simply
term the "World Money Power." The Whitneys are intermarried with
the Vanderbilts, sponsors of the anti-silver American Economic
Association at Vanderbilt University. Myers in "History of the
Great American Fortunes," 1907, page 368, noted of the
Vanderbilts ---
"That their extortions reached hundreds of millions of dollars a
year was a patent enough fact."
This was over a century ago! The Vanderbilts are at the center
of the "World Money Power," concealed by bogus rankings of big
rich. Alfred G. Vanderbilt Jr. married Alison Platten, daughter
of Donald Platten, chairman of Chemical Bank in the 1970's which
later merged into Chase! Myers in "History of the Great American
Fortunes," 1907, page 275, said---
"The incidental mention of such a mass of money conveys no
adequate conception of the power of this family."
Knight is himself a substantial Federal Reserve personality,
unlike Gorham, who assuredly is much lower level. Incredibly,
Robert Knight also has ties to an earlier Ambassador to China,
James Lilley (1989-1991), because Lilley was a consultant to the
board of giant United Technologies Corporation while oil heir
Mr. Knight was a director!
Randt, current Ambassador to China, started with the National
Council For U.S./China Trade in 1974 (see "Silver Devils" in
Archives). It's a bit unsettling to know that Randt served in
the U.S. Air Force Security Service, 1968-1972. It seems quite
likely that our Ambassador to Beijing would have full details as
to the link between Chinese silver dumping and the COMEX price
rigging. It is somewhat incredible that China has dumped some
300 million ounces since 1999, considering how much silver the
British looted off during the opium trade (see "Silver Users and
Opium," Archives); and how much silver got sucked out of China
by Hong Kong & Shanghai Bank as China was going off the silver
standard, and because of the way the Silver Purchase Act of 1934
pulled silver out of China. Evidently scattered silver hoards
existed afterwards. It is reasonable to postulate that as the
Chinese Communists took power in 1949, silver was on their list
of things to do. The Red leadership likely seized, under threat
of execution, all silver held by the people. HA! Maybe the
Silver Users could suggest such a plan here!
Other Ambassadors to China show a pattern of collaborative
influence with the Federal Reserve System, and must be suspect
in silver links to China. Winston Lord, Ambassador to China,
1985-1989, was president of the Council on Foreign Relations,
1977-1985, during some of the years that David Rockefeller
chaired the organization. Lord, who is married into the
Pillsbury fortune, is also a member of the National Committee on
U.S.-China Relations. Known generally as the "CFR," it was
formed in 1919 as the visible outer affiliate of the "World
Money Power" which I shall specifically identify later this
year. No, its name doesn't contain 10 letters, nor does it refer
to a skeleton. The CFR has had at least hundreds of Ambassadors,
Generals, Admirals, and corporate directors and executives on
its rolls over the years. This is the visible focal point for
control of foreign and domestic affairs. David Rockefeller has
served as a director of the Federal Reserve Bank of New York.
Rockefeller, possibly the leading member of the "World Money
Power," at least in America, groomed Peter Peterson as successor
chairman of the CFR, a post he currently holds. Peterson got a
degree in 1951 from the Rockefeller sponsored University of
Chicago, of which his mentor, David Rockefeller, is a lifetime
trustee. Biographer William Hoffman said, "David's Influence
with CFR is enormous." Actually that's an amazing understatement
for a man whose net worth is estimated at well under $5 billion,
by sources who are members of this CFR and help him keep a low
profile. It's like saying there's just a thimble full of water
in Lake Superior. David remains honorary chairman, presumably
tells Peterson what to do, and David Jr. is a member (and a
member of the hidden thing as well). Peterson additionally is
chairman of the New York Federal Reserve Bank (since 1999), and
is a trustee of the National Bureau for Economic Research. In
1973-1984 Peterson headed Lehman Brothers Kuhn Loeb (now Lehman
Brothers, another merchant banking institution identified with
the "World Money Power," who always seems to have an advisor to
the Commodity Futures Trading Commission! Another Ambassador to
China, Stapleton Roy (1991-1995) is a CFR member and director of
Kissinger Associates consulting firm, of the long time
Rockefeller flunky.
Michael Moskow, a man with an admittedly Soviet sounding name,
is a CFR director and is currently also president of the Federal
Reserve Bank of Chicago. Moskow additionally is vice chairman of
the National Bureau for Economic Research (notice how the same
entities recur) and was a director (1975-1976) of the old
Council on Wage and Price Stability, the successor to the Nixon
era Cost of Living Council, which suppressed the silver price
for the users and the paper money mob. Moskow was a professor at
the Drexel Institute, Philadelphia, 1963-1967. Drexel is a name
associated with the "World Money Power." William J. McDonough,
another CFR director, was president of the New York Fed
1993-2003. McDonough was with First National Bank of Chicago
when in October 1979, Volcker, head of the Federal Reserve, sent
a letter to all banks that they not "make loans for speculative
purposes," and commodities, meaning, silver and gold! McDonough
left the bank in 1989 as vice chairman.
Martin Feldstein, CFR director, is president of the National
Bureau for Economic Research, and is a director of China
connected American International Group, identified by Butler as
a long-standing silver short. Carla Hills, CFR director, is
another American International Group director and chairs the
National Committee on U.S.-China Relations. Have economists at
the Research Bureau researched silver, and has the relations
committee helped China to dump silver? Robert Rubin, who as
Treasury Secretary helped suppress the gold price, is vice
chairman of the CFR and a Goldman Sachs director---Goldman
Sachs, who always has someone on CFTC advisory committees!
Jessica Einhorn, a director of the World Bank from 1996-1998, is
a CFR director. George Soros, CFR director and suspected
Rothschild front, does have a large stake in a prominent silver
company. Silver suppressors run with silver investors, when
those investors are elitists and an insider's understanding is
in place. Lots of links to the Federal Reserve Bank of New York,
and here's another---Alfred Hayes, a member of the "World Money
Power," was president of the bank from 1956-1975, whereupon he
became chairman of Morgan Stanley International. Hayes was a
British Rhodes Scholar, reflecting the ongoing British hand in
the Federal Reserve System!
Ambassador to China just before the current Mr. Randt with his
New York Federal Reserve Bank connections, was retired Admiral
Joseph Prueher, who was commander in chief of the U.S. Pacific
Command, from January 31, 1996 through September 7, 1999,
whereupon Clinton---a President with a lot of Chinese mainland
links (and a stronger link to Great Britain as a Rhodes
Scholar), nominated Prueher as Ambassador to Beijing. On June 4,
2001, Prueher was hosted at a meeting of the CFR---the same CFR
whose chairman is also chairman of the New York Federal Reserve
Bank---an institution with a world of motivation to see silver
prices suppressed! Gorham, do you know anything about this? As
for the Chinese, why would they dump silver, since as we know,
it may cost them 20 to 50 times in the future, over what they
dumped it for! I supplied the obvious theory in "Silver Devils"
(Archives). The only possible motive China could have for
dumping silver is in exchange for sensitive military and
aerospace technology! While I am qualified to point out many
circumstantial evidences indicating treasonous actions on the
part of certain U.S. residents, only Congress could make such
determination with certainty. Well, let's look at some known
facts!
In "Silver Devils" (January 2003) I noted that Loral Corporation
and Hughes Aerospace transferred sensitive missile technology to
the Chinese Reds; Lockheed Martin also built a missile early
warning system for China! Admiral and then future Ambassador to
China, Mr. Prueher, commented that it wasn't a concern
(Aerospace Daily & Defense Report, October 1998). Senator Bob
Smith (R, New Hampshire) complained about Prueher's associations
with these corporations. Prueher also played a role in transfer
of the Panama Canal to a Red Chinese controlled entity,
Hutchison-Whampoa. Prueher was part of a panel discussion
entitled "Chinese Military Power" at the Washington Club, 15
DuPont Circle, District of Columbia, on May 22, 2003. (Remember
always, Du Pont is a Silver Users Association member!) Panelists
included Harold Brown, former Defense Secretary now working for
the Warburgs; John Deutch, ex-CIA director; Larry Welch,
president of Institute for Defense Analysis in D.C.; Robert Kapp
of the U.S./China Business Council; Karen Sutter of the
U.S./China Business Council and the Atlantic Council (British
front); ex-Ambassadors to China Winston Lord and Stapleton Roy;
and John Holden, president of the National Committee for
U.S./China Relations. For additional information see
www.cfr.org/publications.php?id=5984
Other Panel members included John Frankenstein (Columbia
University faculty---funny name, huh; there is an Elizabeth
Economy on the CFR roster; and Adam Segal, currently a Maurice
Greenburg fellow at the CFR. (Maurice Greenberg, head of silver
short American International Group, is honorary vice-chairman of
CFR; and his son is a trustee of the anti-silver Brookings
Institution in D.C., once chaired by Douglas Dillon, Treasury
Secretary who helped take away our silver coins---Dillon, a
member of the "World Money Power!") Dillon was a founder of the
Inter-American Development Bank in 1959. A later governor of the
Inter-American Development Bank was William Simon ("World Money
Power"), also an IMF governor, Treasury Secretary, and COMEX
governor in January 1980 when the rule change in silver was
made, crushing the Hunts! Silver miners, please do not seek
development funds from Inter-American Development Bank! Simon
was also with the manipulative Council on Wage and Price
Stability in the mid-1970's.
Segal also got two Mellon fellowships ("World Money Power") at
Cornell, after the Treasury Secretary who collaborated with Lord
Montagu Norman of the Bank of England in creating the Great
Depression! After being replaced as Ambassador to Beijing by
Randt, Prueher was placed on the board of directors of Merrill
Lynch (long time silver bear) and New York Life Insurance. Will
some people do anything to keep silver cheap, including commit
treason? (Take note, this is phrased as a question). On
September 2, 2001, the New York Times noted in a story by David
Sanger titled, "U.S. Will Drop Objections To China's Missile
Buildup,"---we note
"The Bush administration, seeking to overcome Chinese objections
to its missile defense program, intends to tell Chinese
officials that it has no objections to the country's plans to
build up its relatively small fleet of nuclear missiles capable
of striking the United States, according to senior
administration officials. One of those new missiles, the DF-31,
may be able to reach the northwestern edge of the United
States."
DF stands for "Dong Feng," (not CM as in Chow-Mein!) If those
missiles could strike the area indicated, that would include a
major U.S. city, Seattle Washington; also Vancouver Canada. With
a bit more range, missiles could strike silver mine sites in
Idaho and Nevada, with the result that silver for defense
technologies would be in even more constrained supply! Chinese
officials may be inscrutable, but they cannot be stupid! Bush
expresses worries over Al Qaeda terrorists, but says nothing
about Chinese intercontinental ballistic missiles! As far back
as 1975, Chinese Reds had already detonated 16 nuclear bombs at
test sites! With all the Wal-Mart sponsored factories in China,
and all the "everything's a dollar" stores all over the U.S.,
such funds are diverted into military modernization. While the
U.S. is without a silver stockpile, China dumps silver,
apparently at the behest of the paper money mob, who fears
rising precious metals prices like vampires fear a crucifix!
According to an impressively documented research item by Free
Republic, Admiral/Ambassador Prueher helped China to modernize
the People's Liberation Army and has been---
"Helping the Chinese climb all over U.S. defense secrets for
years."
See
www.freerepublic.com/forum/a3ad3900b7d9e.htm for details. Ex
Secretary of Defense William Cohen claimed we gave nuclear
technology to the Chinese Reds from Lawrence Livermore National
Laboratory. For details please refer to
www.mega.nu:8080/ampp/china/
There is another organization that must be considered in relation to China, silver, and the paper money mob, and that is the Trilateral Commission. Founded in 1973 by David Rockefeller of the "World Money Power" and his roommate at Harvard University, George S. Franklin Jr. (WMP) in 1973, the organization brings together elites in North America, Europe and the Far East, especially Japan. Rockefeller, below, seen in 1996---
According to biographer William Hoffman (1971), "One President
after another has done his bidding." The Trilateral emblem,
quite honestly, bears resemblance to the fabled "666" of
Biblical renown. However, since the general public can access
its membership roster, it is only another visible, outer
affiliate of the invisible "World Money Power," to be discussed
at a later date, as it is the mainspring of the precious metals
suppression. Big business, as in World Trade Organization
members, such as British Petroleum; Exxon Mobil; IBM; Royal
Dutch Shell; General Electric and many other giants are
represented. Banking interests we've read about in connection
with precious metals price suppression are represented,
including Deutsche Bank; Goldman Sachs; JPMorganChase; N.M.
Rothschild; HSBC Bank (Silver Users Association); UBS Warburg
(Federal Reserve); Citigroup; Bank of Nova Scotia (Silver Users
Association); and Bank America.
Let's make this all suddenly relevant---Zhou Xiaochuan, current
Governor of the People's Bank of China, is one of only 2 Red
Chinese members I saw on the Trilateral Commission roster.
This is the same official that Butler sent a letter to recently
concerning the dumping of Chinese silver to satisfy the deficit.
The 56-year-old Xiaochuan was previously chairman of the China
Securities Regulatory Commission and president of the China
Construction Bank. The other Mainland Chinese member is Wang
Jun, chairman of China International Trust & Investment. In
contrast, at least 71 Japanese are members. Considering how
China suffered under the Japanese before and during World War
II, and the notable British members of Trilateral with Britain's
nineteenth century opium trade that did so much damage to China,
it's a bit odd that any Mainland Chinese would be members. But
in the world of high finance and manipulation of international
governments, intrigue makes such things possible. People with
institutions suspected of holding down the silver and gold price
are Trilateral members. Other Trilateral members have strong
military/defense links; many have ties to China. CFR directors,
who we looked at earlier, including George Soros; Jessica
Einhorn; and Winston Lord, its one time president, are
Trilateral members, as is Maurice Greenberg, honorary vice
chairman of CFR; his son Jeffrey Greenberg, trustee of the
anti-silver Brookings Institution; and Paul Volcker, former
chairman of the Federal Reserve System. Volcker had a fellowship
at the London School of Economics (paper money mob) in 1951-1952
and by 1962 was director of the Office of Financial Analysis of
the U.S. Treasury. His analysis must have been that we should be
taken off silver coins so the paper money mob could go
full-blown!
In 1965 Volcker went to work for David Rockefeller at Chase
Manhattan Bank, where he was a vice president till 1969, then he
went back to Treasury as Under Secretary for Monetary Affairs,
till 1974. By "Monetary" they assuredly meant "unbacked paper
currency." After that, Volcker went to the New York Fed where he
served under Robert Knight for several years. The highest
official of the People's Bank of China is a member of an
organization created by the paper money mob---people with a
self-interest in holding low the silver price as long as
possible! Was a deal crafted in secret with China, in
which military and aerospace technologies were transferred to
them in exchange for massive dumping of silver?
Another Trilateral is Peter Godsoe, chairman of the Bank of Nova
Scotia, mentioned by Butler as a silver short. Raymond Seitz of
Lehman Brothers, former Ambassador to Britain, is another
identified member of the "World Money Power," the son of a D-Day
General. Lehman Brothers always seems to be represented in the
CFTC advisory committees. General Lord Guthrie of Craigiebank,
of the British military industrial complex, is now with N.M.
Rothschild & Sons, London, and a Trilateral member. Deputy
Defense Secretary Paul Wolfowitz is a Trilateral member, and the
most hawkish personality in his views on the Arab world. Vice
President Cheney is a so-called "ex member" of Trilateral in
"government service," and recall his days as number two man in
the Nixon era Cost of Living Council, with their Fascist ruling
capping domestic silver at $1.61 an ounce! Another Trilateral is
Lawrence Summers, former Treasury Secretary and anti-gold
activist. So Trilateral, like CFR, is another paper money mob
organization run from behind the scenes by the "World Money
Power." These organizations obviously exert a collaborative
influence in international happenings.
Transferring military technology to China in exchange for
dumping of silver bullion to maintain the rigged low price for
the greedy industrial users, and to help the paper money mob
have their "created" money seem real, must be considered as the
main motivating factor in Chinese silver dumping. From the point
of view of the London/New York paper money mob, another reason
for aid and trade with China and helping them to upgrade their
dangerous military power lies in the fact of the fragmentation
of the former U.S.S.R. With the Soviet threat having faded, a
new threat must be built up in order to continue the "balance of
power" scenario in the world, and that threat is Red China! Ask
India how she feels about the situation! As noted in "Silver
Devils" 17 months ago, the top string-puller in this grand
design appears to be David Rockefeller, who took a trip to China
in 1973, the same year he founded Trilateral. See the article,
"How To Trade With Communists---Interview With David
Rockefeller," U.S. News & World Report, August 13, 1973, showing
him posing with an interested Chou-En-Lai, Red Chinese Premier,
with Rockefeller commenting---
"China is developing a broadly diversified industrial structure.
It's quite impressive."
Also "quite impressive" is the fact that a well-known pirate
known as Kenneth Lay, former chairman of scandal-ridden Enron
Corporation, is also listed on the Trilateral rolls! The New
York Mercantile Exchange itself (parent of COMEX), other than
having Federal Reserve ties in that Mr. Collins, its president,
once worked for the Federal Reserve Bank of Dallas, also has
direct connections to Red China. Albert Helmig, a member of the
National Committee for U.S./China Relations, was elected to vice
chairman of NYMEX, and served as chairman of seven (7) Exchange
committees. He's also a director of the International Precious
Metals Institute, of which four executive committee members of
the Silver Users Association are also directors! See press
release dated March 18, 1998 at
www.nymex.com/jsp/news/press_releas.jsp?id=pr19980318a
After looking at statements and recommendations made about
silver by former Federal Reserve chairmen, a great deal of bias
is obvious. That must have been why, under Fed chairman Paul
Volcker (1979-1987), the "bailout" loan to the Hunts over their
silver margin calls was arranged with terms so punitive that by
1986, they eventually forfeited some 63 million ounces of
physical silver! In fact, as of April 2, 1980, the Hunts owned
158 million silver ounces, but by the end of that month had been
stripped of 95 million ounces, due to the COMEX rule change and
the margin calls it caused! ("Beyond Greed," referenced above,
page 232). If you aren't in the right organizations, you are a
target! In June 2003 Fed chairman Alan Greenspan warned the
House Committee on Energy and Commerce that the natural gas
shortage poses a threat to key U.S. industries. So, what about
the silver shortage, which Federal Reserve officials have helped
create by working to hold prices low for the greedy silver
users? Gorham, we'd appreciate hearing from you about these
paper money versus silver matters! We have utmost confidence in
your ability to conjure additional dissembling remarks! Be sure
to cover for the World Money Power! If only we were fully
regressed to feudalism as under the British Colonial Lords of
Manors, Gorham could come out from under cover of denial and say
to silver miners and investors---
"I could have shot you before, from out there, but that
would have been too gracious!"
(Bad man to victim shot point blank on episode of "The Big
Valley" TV western series 1965-1969)
Gorham says he just doesn't understand,
Why anyone would want to hold silver low;
We know there's a hidden hand,
That pulls strings and runs the show;
It just dealt little people another blow!
Gorham says he was with the Federal Reserve,
Paper money mob fights the silver price;
Michael acts innocent; it's a swerve!
They got Chinese silver, not rice,
Cheating the world of silver isn't nice!
When will Chinese silver run out?
Soon enough and we will see,
Metals suppressors lose their clout,
Silver prices taller than a tree!
For users, no more silver for free!
Is it wise to help China industrialize and arm?
For cheap silver, have U.S. elitists made concessions?
If Chinese missiles can strike the U.S., sound the alarm!
Will these scandals be aired in Congressional sessions?
Will we learn the full extent of transgressions?
Paper currencies losing value like crazy!
More printing press money isn't the key;
Gold & silver realities aren't hazy,
Let Greenspan become a detainee!
Dump his FRN's in South China Sea!
President Jackson in eternity, looking at the scene,
Knowing gold & silver money is our only hope,
We must confront and stop the paper money machine,
Else we tumble further down the slippery slope,
Unbacked currency is poisonous economic dope!