Posted on 02/17/2012 9:17:46 AM PST by Kartographer
Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial crimes.
The operation, co-ordinated by prosecutors from the southern Italian city of Potenza, was carried out by Italian and Swiss authorities after a year-long investigation, an Italian police source said.
(Excerpt) Read more at news.yahoo.com ...
http://www.freerepublic.com/focus/f-bloggers/2847882/posts
Didn't they do this about two years ago?
I swear the entire global economy is nothing but a pipe-dream. Smoke and mirrors and nothing you can hang your hat on.
Another view of the same material.
Another view of the same material.
Fake government bonds pay no interest and are not redeemable; real bonds, on the other hand, pay miniscule interest, but at least you can get your money back - greatly deflated in value.
“In 2009, Italian financial police seized $742 billion of fake U.S. bearer bonds in the northern Italian town of Chiasso, near the Swiss border.”
Looting the whole frikking world.
Could fake T-Bonds could be used as collateral for loans
from banks & credit unions? I suppose it depends on how vigilant the lending institution is.
Yes, they did. From the article: “In 2009, Italian financial police seized $742 billion of fake U.S. bearer bonds in the northern Italian town of Chiasso, near the Swiss border.”.
This time it was 9x bigger. I would not be surprised if they had an inside man in U.S.Treasury.
$6 Trillion ($6000 billion) is 10x proposed Defense budget. It is James Bond territory. This counterfeit operation is comparable to plotting nuclear attack on major U.S. port.
What was U.S. Secret Service doing in the meantime since this was Italian/Swiss operation?
It's all funny money. No one can track it. No one can trust it. Citizens, businesses, and governments at every level are just going to shrug and say, "I'm not paying."
There are so many examples, but the John Corzine fiasco is another good one. MF Global lost a few billion dollars. Where did it go? The official answer: "I dunno."
Why pretend anymore? It's all a sham.
Whoever controls the volume of money in our country is absolute master of all industry and commerce...when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.
~James Garfield, 20th President
Can I buy one on eBay?
Timothy Geither and the rest of the folks in the Treasury were probably privy to the whole scenario.
Wasn’t there something on CNBC’s “American Greed” recently that was about a con concerning “Fed. Res. boxes”?
http://www.divinecosmos.com/start-here/davids-blog/1023-financial-tyranny?start=3
scroll down for pictures of “notes” and boxes.
I agree. Wether it is dictated by government or by the collapse of fiat money.
We’re bout 10 years away from the great jubilee
This is being done with a will and a purpose: the reduction of the entire world to a no-trust outlook. Qui bono?
I recall the story about Yogi Berra doing a post-game interview show, for which he was rewarded with a $50 check that said "Pay to Bearer." He said, "Hey, you spelled my name wrong."
The big, so far unasked, question: How many of them made it into circulation? Why print $5 trillion if it’s not working? Surely by $50 billion or so, you’d know whether it was worth the effort, and the only way it’s worth the effort is if someone is accepting them as real paper.
So, again, how many trillion dollars worth are sitting in vaults somewhere, with their owners not having a clue they’ve been conned?
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