Two Japanese caught smuggling US bonds worth $134.5 billion
A truly bizarre story:
Italy’s financial police has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.
Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.
What caught the policemen’s attention were the billion dollar securities. Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.
The question now is who could or would counterfeit or smuggle these non-negotiable bonds.
- Akihabara News – Gadgetry from Japan (Subscribe)
- dannychoo.com – Your portal to Japan (Subscribe)
- Kirainet.com – A geek in Japan (Subscribe)
Full RSS Feed
It seems Japan is trying to dump the US buck behind the scenes….someone is going to be in BIG trouble for this.
I smell a North Korean connection to this story.
definitely nk…i wouldn’t be surprised if said “Japanese” were actually North Koreans with fake passports…
pin pon
definitely yakuza washers.. i wouldn’t be surprised if said those japanese were actualy from right wing party going to wash yakuzas contributions.
“The number $134.5 Billion is such a nice number. According to a Wall Street Journal article on March 30, 2009, there was $134.5 Billion remaining of the TARP funds. What an odd coincidence! Why would anybody counterfeit a bond with a face value of $500 million? I would look for Mr. Geitner’s fingerprints on the bonds.
Neither of the “Japanese” men were arrested and the story is being killed by the press in Italy and the US. “
If people in the USA and maybe the world for that matter, were not so ignorant about monetary policy they would pay a lot more attention to this story. The US dollar is in dying.
Oh many of here in the US already know we are finished. Well it was great while it lasted! US Dollar is dead wonder if they will introduce the Amero?
Umm I think you are all wrong nothing to do with N. Korea nope look at home in the ol’ USA folks.
March 30, 2009
http://online.wsj.com/article/SB123828522318566241.html
“The Treasury Department said it has about $134.5 billion left in its financial-rescue fund, giving the Obama administration a cushion as it implements expensive programs aimed at unlocking credit markets and boosting ailing industries.”
And these two men had exactly that in US Bonds 134.5 billion.
TARP 134.5 billion in funds reported 3 1/2 months ago. 134.5 billion in US Bonds yep they are real and its TARP money.
Or just a very strange coincidence? Yep. Everything is fine here in the US. Business as usual nothing wrong Obama will save us he can kill flies with his bare hands reports CNN as breaking News of the century!
Friends,
Click on:
http://www.free-press-release.com/news/200706/1182919752.html
for the real “TRUTH”
Bcoz TRUTH needs U in the middle…….
Good info on the Bond adventure at http://slyryder.com/bondgate.html The site seems to be focused on what the Italian police knew and when they knew it. They seem to be close to nailing down an accurate timeline on what happened early on with the detainees. Site has good photos and video too. I think the Italian police are covering up something. Still don’t know how long they were detained and if the police are really sure their passports were real. Something strange going on for sure. The smugglers have no names, their alleged attorney has no name. Italian police might have bungled the whole thing, Maybe that is why they don’t want to answer simple questions about whether the detainees had a lawyer and how long the men were detained.
that s very scarry! it s even more scarry if they were real! u dont just get two random people who accidentaly gets hold of these types of documents!