Behind the Vault
How Marc Rich swindled the Pope's Soybean Company
The Pope and his advisors had good reason to believe Chicago was the place to conduct business. The Windy City has the largest number of Catholic Church parishes of anywhere in America. Under Church provisions and Illinois law, the Catholic Archbishop of Chicago is a Corporation Sole. A little-known one-man corporation is not the usual image, however, of big business. And the Archbishop of Chicago has much more power than just any Archbishop. He is also the Treasurer for Church funds from the entire Western Hemisphere.
Sherman H. Skolnick
Traditionally, such huge cash flow was deposited in the Continental Bank of Chicago. For many years, one of the largest stockholders of the Bank was Walter Cummings, Jr., who was a "man of trust" for the Church, that is, trusted to secretly handle the Church assets. And Cummings, also for many years, was the Chief Judge of the U.S. Court of Appeals, 7th Circuit, headquartered in Chicago and one step below the U.S. Supreme Court. As a reality, his Court was the end-of-the-line for most federal cases from Illinois, Wisconsin, and Indiana, since the high court in Washington agrees to consider only a few petitions a year. [Cummings did NOT disqualify himself in appeals involving his Bank. Guess who won in his crooked Court?]
When Continental Bank collapsed in 1984 [two months after I accurately publicly predicted it], Judge Cummings used his huge influence as a Banker-Judge to quietly warn local lawyers not to try to get wealthy by sueing his bank on behalf of other stockholders, for plainly evident mismanagement and bank fraud. As exclusively then detailed by me, the Japanese mafia, the Yakuza, led the "run" on the Bank's holding company where they had been falsely informed their twenty billion dollars of flight capital would be in a "bank of deposit." Unlike actual banks, bank holding companies are not insured "banks of deposit". To appease the oriental underworld, several divisions of the bank were turned over to the Yakuza (Japanese Secret Service). In later years, Bank of America, reportedly largely owned by the Yakuza jointly with the Jesuits and the Rothschilds, took over Continental Bank.
For years the Vatican-owned department store chain, Carson Pirie Scott & Co. had been headquartered in Chicago. And Vatican-owned Hines Lumber, a giant in its field, was reportedly owned or linked to Vatican enterprises. Commonwealth Edison, the electric monopoly headquartered in Chicago, is one of the largest power firms greatly dependent on nuclear facilities. A government report showed that the Dutch Catholic financial octopus, Robeco, owned by the Vatican, is one of the largest owners of Commonwealth Edison. A federal law forbids a foreign power [like the Vatican] to own nuclear facilities in the U.S. A Chicago researcher who complained about this had her electric shut off arbitrarily.
And the Vatican found comfort in the fact that the Chicago Board of Trade has been almost all the years controlled by the Irish Catholic aristocracy jointly with the Vatican's financial partners and advisors, the Rothschilds. These were people that understood things and took actions on their own, not as part of the common people. And their acts and doings are not to be blamed on ordinary Irish Catholics collectively.
So the Vatican had good reason to believe they could succeed in becoming a major competitor in the soybean business in the U.S., in a place the Pope thought to be friendly to the Vatican's interests. What the Vatican and their soybean executives did not know or understand is the operation of worldwide criminal Marc Rich. Real name Reich, Rich laundered huge illegal flows of cash masquerading as soybean trading in Chicago. Clandestine gold deals for the American CIA were disguised by Rich and his gang as soybean deals, and conversely, soybean trading disguised as smuggled gold deals.
A principal partner to Marc Rich and his pirates has been the Family of George Herbert Walker Bush---that is, the Elder Bush and his sons, George W., Jeb, and Neil. As shown by secret Federal Reserve wire transfer records, the Bush Family laundered the proceeds from worldwide illegal dealings through a joint account with the Queen of England, through the Bank owned by the British Monarch, Coutts Bank London. [Visit our website series, with documents there shown, "Greenspan Aids and Bribes Bush".]
Ferruzzi Finanziaria S.p.A., the agro-holding firm was run by what some called a wizard, Raul Gardini, who had married the daughter of the firm's founder, Serafino Ferruzzi. Their operation in the U.S. was called Central Soya Co., of Ft. Wayne, Indiana, and Ferruzzi U.S.A., Inc., with principal offices in Louisiana. Those who understood business realized Ferruzzi was actually owned and supervised by the Vatican Bank, and by the Vatican Bank Chief, Bishop Paul Marcinkus who originally once ran a Church in the mafia enclave of Cicero, adjoining Chicago and was the dominant force in First National Bank of Cicero.
The Italian firm was getting bigger and bigger presence in the soybean markets, the Chicago Board of Trade. Fair and square, following the exchange rules, Ferruzzi had cornered the market in 1989 when there was a drought expected. There was a shortage of soybeans. Ferruzzi's main competitors included Cargill, the highly secretive, privately owned firm, headquartered in Minnesota. Cargill conducted a great deal of clandestine business through the U.S./French/Israeli espionage-linked Bank of Credit and Commerce International, BCCI, interlocked with the secret dirty dealings of Marc Rich.
Another Ferruzzi competitor was Archer-Daniels-Midland, the highly political firm headquartered in Illinois. A principal of the firm, Dwayne Andreas, should have gone to prison in the Watergate Affair for laundering funds for the Nixon Whitehouse. [From 1995, ADM was accused of price-fixing certain of their items, not soybeans, and their top management has been found guilty and sentenced to federal prison.] ADM is the sponsor of several TV Network commentary programs. So the monopoly press tells us little, if anything, about the crimes of ADM.
In view of the circumstances in 1989, Cargill and ADM in soybean contracts with Ferruzzi had taken a wrong position. To fill orders, both domestic and foreign, Cargill and ADM would have to come to terms with Ferruzzi, who bet heavily in opposition to them. The Pope's firm rightfully could and would push them into default. Under the terms of the commodity exchange contracts, their failure to make good would mean that Ferruzzi would own them, since the contracts were in such large amounts.
To save themselves, Cargill and ADM reportedly had a malign influence on the Chicago Board of Trade. The then Chairman of that commodity exchange, by Emergency Resolution, July 11, 1989, changed the rules in the middle of the game. Ferruzzi was ordered to drop most of their position in soybeans.
Ferruzzi brought a suit seeking injunction against the Chicago Board of Trade in Chicago's highly cortrupt Federal District Court. [Ferruzzi Trading International, et al., vs. Board of Trade of City of Chicago, No. 89 C 5469.] The case was assigned to Chicago U.S. District Judge James B. Zagel, a close crony of former Illinois Governor Jim Thompson. [In November, 1994, on our one-hour public access Cable TV Program, we demonstrated how "Big Jim" as he is called and his circle are kingpins in the "China White" high purity heroin smuggling into Chicago through small suburban airports. In later years, through interviews, we found out that Zagel through "Big Jim" is reportedly tied to Marc Rich. Big Jim has been Chairman of the worldwide lawfirm, headquartered in Chicago, Winston & Strawn. According to our TV Show, they have an inner secret unit, not actually in the "law business", transacting smuggling in contraband such as dope. This, through Switzerland, home-base of Marc Rich.]
Disregarding the law and the facts, Judge Zagel was not about to let Ferruzzi default Cargill and ADM and Ferruzzi end up owning their business. The Judge, with little fanfare, arbitrarily denied the injunction. Ferruzzi was forced to dump their contracts and positions on soybeans. Thousands of farmers were ruined, some bankrupted, some committed suicide. How did this happen? That at a time of soybean shortages, with not enough to meet domestic demand and for export, soybean prices collapsed instead of going up?
In the U.S. District Court in Chicago was brought a purported class action on behalf of angry farmers, American Agriculture Movement, Inc., et al., vs. Board of Trade of City of Chicago, case No. 89 C 8467. It was assigned to Chicago Federal District Judge George M. Marovich, a long-time banker whose bank, South Holland Trust & Savings Bank[in a Chicago south suburb] was a correspondent bank of Continental Bank of Chicago, mother ship at the time of the commodity markets and the Chicago Board of Trade.[Judge George M. Marovich, office (312) 435-5590.]
Presidential campaigns are planned four or more years in advance. Hillary Rodham Clinton was linked to a group of bankers, lawyers, and others from Fayetteville, Arkansas and elsewhere in that state. The Chicago Board of Trade was part of a money laundering apparatus, orchestrated by Marc Rich and his gang, washing illicit funds, such as from dope, for the 1992 presidential campaign of Bill Clinton. Such as, washing dope money from the CIA/George Herbert Walker Bush/Ollie North/Bill Clinton operation through the Mena, Arkansas Airport. Funds transferred through Garfield Trust & Savings Bank of Chicago, a principal owner of which has been defrocked, ex-convict Congressman Dan Rostenkowski. From there the funds were sent through the Chicago Board of Trade and Chicago Mercantile Exchange, with the connivance of Marc Rich, disguised as soybean dealings.
For past articles in this series, see Conspiracy Unveiled
August 27-29, 2001
volume 12, no. 146