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10% Of US GDP In Bearer Bonds Seized!
Counterfeit Or Real Not Determined Yet
Treasury Department "No Comment"
Video SourceSource
Times Story (UK)
Japanese pair arrested in Italy with US bonds worth $134 billion
Italian prosecutors were trying to establish yesterday whether US bonds with a face value of $134 billion seized from two alleged smugglers were real or counterfeit.
The bonds were found when the two men — said to be Japanese but as yet not identified — were arrested while attempting to cross into Switzerland from Italy by train at the frontier town of Chiasso this month. Prosecutors in Como said that the two men had hidden the bonds in the false bottom of a suitcase.
Police said that Chiasso was a notorious crossing point for currency and bond smugglers but the sums involved this time were “colossal”. 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. Police said that the two men had stayed at a hotel in Milan last Tuesday. Instead of taking the express train to Lugano, they had boarded a slow commuter train from a suburban station to attract less attention.
Although Switzerland and Italy adhere to the Schengen accords on frontier-free travel, customs officers from both sides who still watch travelers became suspicious, Italian reports said.
Police said that there was cause for concern even if the bonds turned out to be forgeries, since it would amount to a counterfeiting scam “on an unprecedented scale”.
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Added: Jun 15 2009 In: news_politics,leak,citizen_journalism
Recorded on: Jun 15 2009By: jayboulware Premium 
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- Votes: 1 |
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- Comments: 42
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Comments - sort by newest to oldest
wtf , this should be the top stories in the news not some michael jackson funeral.
Posted Aug-31-2009 by "maxwell9689" (R)
Looks like North Korea is up to its old trix again. All of the articles I read said that it wasn't confirmed that the smugglers were Japanese citizens.
Posted Jun-15-2009 by "FlibbleDeeFlobble" (R)
I have a feeling they are real, this isnt like slipping by a fake $10 at the local 7/11. Governments are at play here, there is over $10,000,000,000,000 not accounted for just over the last 4 months.
Posted Jun-16-2009 by "hlabrake" (R)
beats me i don't watch tv very sad if it just did
Posted Jun-16-2009 by "PimeTaradox" (R)
its accounted for they just don't wanna say who they gave it to
Posted Jun-16-2009 by "PimeTaradox" (R)
its accounted for they just don't wanna say who they gave it to
Yup
Posted Jun-16-2009 by "hlabrake" (R)
ECONOMIC APOCALYPSE!!
Oh for crying out loud! Will Fox stop trying to scare the hell out of everyone. That was so last admin.
Posted Jun-16-2009 by "Drenigma" (R)
That would be my bet. NK was behind the "superbills" of the early 90's. Totally their tactic. And I agree with the other posts here. Had to be a government behind it.
Posted Jun-16-2009 by "Drenigma" (R)
What's the word I'm thinking of....Transparency?
Posted Jun-16-2009 by "Rocket_Smoke" (R)
I'm also worried this may be way to get out of the dollar. If these flood the market some will gain big, some are already calling for new currency to get out of the US dollar. What better way to move people away than to literally dump billions of dollars into the market. I trust no one here because bad things might come from this. This is a story we need to keep an eye on.
Posted Jun-16-2009 by "hlabrake" (R)
DPRK? Are you implying that Dodd, Pelosi, Reid and Kennedy are behind this ?
Posted Jun-16-2009 by "dogma600" (R)
The consequences from this could be disasterous. I'm worried this may not be counterfiets because there has been a lot of talks about moving away from the dollar and this included the Japanese. Also recently China just bought a huge amount of gold, and I mean alot. If the dollar crashes gold with fly through the roofs and they will make up for any losses or atleast break about even with their treasury bonds. I'm starting to get freaked out over this story now.
Posted Jun-16-2009 by "hlabrake" (R)
From what I've been hearing we were headed for economic collapse and inflation by end of July anyway. If I was China I'd bite the bullet for the greater good and dump all US bonds tomorrow and claim victory without ever firing a shot.
Just read yours, exactly what I was thinking. Look at my new reply right above and you will see we are thinking the same thing.
Posted Jun-16-2009 by "hlabrake" (R)
Interesting. We need more informative news like this from FOX.
The last time I watched Fox news, O'reilly was talking about how great his ratings were. The time before that, was a story on Miss California.
Posted Jun-16-2009 by "MBrad-C13" (R)
If you have to crash the dollar why not use a third party as a scapegoat?
You could hold the dollar underwater till it drowns and still blame someone else. Pretty slick. Lets blame North Korea/Iran/White supremacists.
Posted Jun-16-2009 by "buttkracken" (R)