$134B in U.S. Bonds found on Japanese pair in Italy

Discussion in 'Politics' started by Trinity, Jun 15, 2009.

  1. Trinity

    Trinity New Member

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    Japanese pair arrested in Italy with US bonds worth $134 billion
    Mainstream media isn't covering this.
    This is bad if the bonds are real or the bonds are counterfeit.
     
  2. TurkeyWithaSunburn

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    I would say the Times is mainstream media :rolleyes:

    "The amount of $134 billion would place the two travellers as the fourth most important investors in US debt, well ahead of Britain ($128.2 billion) and just behind Russia ($138.4 billion).
    The bonds were described as being 249 US Federal Reserve bonds each worth $500 million, plus ten Kennedy bonds with face values of $1 billion, in addition to various other types."

    It is virtually guaranteed that the bonds are counterfeit. Where'd they get them? What were they planning to DO with them, is the better question.
     
  3. faceking

    faceking Well-Known Member

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    Well, actually depends on how effect they were, and who was moving them. I mean, I could print up $100M in fake bills... fine, catch me with them.... but would I even be able to move $200K of them, much less $2M. Thinking not much to see here.

    It's not in the mainstream media, because they're too busy telling you about global warming boogeyman crap... and propping Obama making some lame statement about votes being heard in Iran.
     
  4. Trinity

    Trinity New Member

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  5. HazelGod

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    Why would anyone counterfeit such enormous instruments? Nobody on earth would redeem them for any amount without first authenticating them.

    Karl Denninger raises some interesting questions on what the implications of those bonds being legitimate might be.
     
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