Interestingly, the site reports (among other interesting tidbits) a virtual news blackout of the topic in mainland China.
It does not make logical sense to me that they would be fake. The denominations are too large for that imho.
Posted on 06/10/2009 10:45:08 PM PDT by Xenophon450
If the owners of those bonds have owned them for 6 months, AND they are the 30 year bonds...those bonds have dropped in market value by 35% since December 19th when they were yielding 2.52% (now the yield is 4.65%).
So the $134,000,000,000 par value would have become about $88,000,000,000 market value today.
This week the US borrowed about $140,000,000,000 so if someone tried to sell these bonds the market would have crashed.
My foil hat tells me these bonds were headed for a shredder in return for some "in kind" consideration.
That's a mighty fine tin foil hat you have there. I'm still in shock that anyone has $134 billion in paper bonds. Maybe its one of those James Bond villains and he needs the cash to build a Mars landing craft or something. This whole story boggles the mind. Worse, Drudge picked it up today...
The US Treasury would have to issue the paper bonds and that would raise eyebrows. Paper bonds are a huge hassle and they don't trade easily. Nobody like these things because of the custody issues, etc.
Hmmmmm. I wonder what Geithner knows... Maybe, tin foil hat time, this has something to do with Obama????
There is still James Bond Villain and Martians!
Okeydoke! I'll get the popcorn! Beeber set to "stune."
This is turning into quite a cheesy moose-biter.
This is a very interesting topic, if it is legitimate. I wonder if we will ever discover the truth about ANY of it.
US drive by medias still silent ...
That's because members of the MSM can't do math.
Earlier in my career I spend a great deal of time prosecuting securities fraud. This is an incredible story and has really tweaked my interest. Its the biggest thing I’ve ever seen, or... its not true. I believe the $134 billion is not accurate. Too much money. But, I hope I’m wrong!
True. There is an AWFUL lot of information in this “not much information” leak. SOMEBODY wanted this knowledge to get out. The plot is truly thickening. I’ll be watching...
I’ll be watching too. Just too much liquidity to be sneaking into Switzerland...
Exactly. Waaaaaay too much money, made waaaay too public, and waaaay too little being said and/or done about the whole thing. Like I said: either it's a potboiler that got out of hand, or we should be watching over our shoulders. LOL! I'm starting to smell day-old salmon...
Interestingly, the site reports (among other interesting tidbits) a virtual news blackout of the topic in mainland China.
It does not make logical sense to me that they would be fake. The denominations are too large for that imho.
http://www.freerepublic.com/focus/f-news/2272703/posts
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Video Description - Quote:
http://www.foxnews.com/search-results/m/22605120/counterfeit-bonds.htm
About This Video
Title: Counterfeit Bonds?
Published: Mon, 15 Jun 2009
Description: Italian police arrest Japanese men smuggling $134 billion in U.S. bonds
Which might buy them a loaf of bread after 3 more years of BHO
It makes me wonder if they aren’t Japanese nationals working for North Korea? North Korea has been guilty of kidnapping Japanese nationals in the past. Maybe they are disposable enough?
All I know is that only a nation could have that much. It makes me wonder if they are forgeries.
BUMP-TO-THE-TRUTH!
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