Is it the Sushi that smells? - 2 japanese citizens caught with $134.5 Billion in US Govt bearer bonds

Is it the Sushi that smells? - 2 japanese citizens caught with $134.5 Billion in US Govt bearer bonds

Not a peep yet from U.S. mainstream media, but Italian authorities have detained 2 Japanese nationals who were attempting to cross into Switzerland with $134.5 BILLION in U.S. Government Bonds… hidden in a false-bottomed briefcase. This is HUGE news.

The Italian financial authorities haven’t yet determined whether the bonds are real or fake, but if they are genuine, the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would still be astonishing… because the quality of the counterfeit work is so good that the fake bonds are reportedly indistinguishable from real ones.

The bonds include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollars each. Bonds are rarely issued in certificate (paper) form any more…an electronic account entry of the asset is the norm. It’s safer, for one thing. Unless you are trying to launder some money.

Some of the bonds, especially the Kennedys, may be what are called “bearer bonds” that are “negotiable”, basically like cash. Whomever has possession of a bearer-bond can claim ownership. Widespread fraud and theft dangers caused the securities industry to cease issuing bearer-bonds decades ago.

To use paper bond certificates of any kind would cause scrutiny by a reputable financial institution today, especially if said bonds were bearer-bonds. It’s very likely that real or counterfeit, these bonds were headed for a black-market transaction. So who is trying to rip off, skate off with, or launder $134 Billion Dollars? That’s half of a freaking TARP. Two Japanese men in their 50’s? Only governments would have such a pile.

If the certificates are real, Italy just won the lottery… their money laundering laws inflict a 40% penalty for failure to declare instruments and cash in excess of $10,000 Euros, which means they’d score a windfall of around $40 billion dollars.

Want to get REALLY conspiratorial? On March 30th, the Wall Street Journal said this…notice the number in bold.

Treasury Has $134.5 Billion Left in TARP MARCH 30, 2009

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. The figure means that about 81% of the $700 billion in the Troubled Asset Relief Program, or TARP, has been committed. It also means that the Obama administration may not have to go to Congress to request additional funds, at least until well into the year. Many lawmakers who criticized the administration’s bank-rescue efforts have vowed to oppose any requests for more money for …

Something stinks, so keep your eye on this one. Pressure is mounting in Congress for an audit of the Fed. Our government obviously knows about this catch by the Italians…but it seems they, and our media, don’t want you to.

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3 Comments

5 years 27 weeks ago, 2:01 PM

Schuyler

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Friend of mine insists the financial crisis was because of a trillion dollars in fake US money. The story is that Saddam did it and flooded the money markets, and THAT is why we went into Iraq. Another story is that the Chinese did it. In eiher case, the trillion has to be 'flushed through the system' and that is what has caused the financial mess. I present this JUST AS A RUMOR because I really don't know how this would work from an economics standpoint. It makes a certain amount of intuitive sense to me, but I'm not sure enough to present this as reality. The whole story, which has various interchangeable bad guys, could be entirely fake.

"All that is necessary for the triumph of evil is for good men to do nothing." - Edmund Burke
5 years 27 weeks ago, 4:01 PM

Mosinfreak

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wow

something stinks...and no i dont think its the sushi

"Guard against the impostures of pretended patriotism" -George Washington, Farewell Address, September 19, 1796
5 years 27 weeks ago, 1:16 AM

BluesHarp

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If they are fakes

This would cause inflation to skyrocket. Economics 101 states that inflation is caused by too many dollars chasing too few goods. If they introduced a trillion dollars into the US economy, it would deal some real dirt to the economy. This is why we need to go back to the old "gold standard" method, where the money is backed by precious metals. If we lose faith in the money, then it would be rendered worthless.

Go ahead punk, Make My Day!
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Posted by: samD
5 years 27 weeks ago
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