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How the Bearer Bonds Saga Could Bring Down the US
Contrarian Profits ^ | 6/18/09 | Contrarian Profits

Posted on 06/18/2009 1:28:36 PM PDT by Califreak

Today’s Notes reads more like a John le Carre novel than an investment newsletter. But bear with us. It tracks one of the most fascinating news stories you’ve never heard of. The news reports are maddeningly sketchy. And the mainstream media is doing a damn good job of not reporting the story.

But it’s clear the arrests by Italian authorities of two “Japanese-looking” men allegedly attempting to smuggle $134.5 billion worth of US bearer bonds across the Swiss border is the biggest financial crime in history. And one with major implications for America’s economic security.

For those of you who don’t know, a report surfaced on Monday, June 8, on an obscure Vatican-sponsored news website, AsiaNews.it, that Italy’s financial police (Guardia Italiana di Finanza) had “seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland.”

According to the report, these securities included “249 US Federal Reserve bonds worth $500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar [sic] each.”

If the report is true (it has been relayed by the Associated Press, Bloomberg, The Times and the Dow Jones news service), it means these two as-yet-to-be-identified men were carrying securities amounting to the GDP of New Zealand – or enough money to fund three Beijing Olympics – in non-negotiable bonds in their suitcase.

As Bloomberg put it, “If economies were for sale, the men could buy Slovakia and Croatia and have plenty left over for Mongolia or Cambodia.”

The story is filled with bizarre and incongruous details. Enough, in fact, to make the mind of even the most determined news hound spin.

(Excerpt) Read more at contrarianprofits.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: bearerbonds; bho44; bloomberg; globaleconomy; italy
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"Whatever the truth behind the bearer bond arrests , we know it doesn’t bode well for America’s economic future. At best, it demonstrates that the US faces economic sabotage from an (as yet) unknown source. At worst, it’s evidence of underhand behaviour by US authorities to finance the country’s spiraling debt problem."
1 posted on 06/18/2009 1:28:37 PM PDT by Califreak
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To: Califreak

I haven’t seen any verification that the bonds are real and not forgeries. It’s a really weird story, but I can’t get too excited about it yet.


2 posted on 06/18/2009 1:30:12 PM PDT by colorado tanker ("Lastly, I'd like to apologize for America's disproportionate response to Pearl Harbor . . . ")
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To: Califreak
But it’s clear the arrests by Italian authorities of two “Japanese-looking” men allegedly attempting to smuggle $134.5 billion worth of US bearer bonds across the Swiss border is the biggest financial crime in history. And one with major implications for America’s economic security.

So can someone tell me the difference between 'japanese' looking men and say 'chinese' looking men or even 'North Korean' lookning men?

3 posted on 06/18/2009 1:32:14 PM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: Califreak
What happened last year smelled funny at the time.

Al Qaeda has reportedly threatened economic attacks along with bombs.

The American public may have never been fully briefed about what happened then either.

4 posted on 06/18/2009 1:32:17 PM PDT by BenLurkin
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To: Califreak
If the report is true (it has been relayed by the Associated Press, Bloomberg, The Times and the Dow Jones news service), it means these two as-yet-to-be-identified men were carrying securities amounting to the GDP of New Zealand – or enough money to fund three Beijing Olympics – in non-negotiable bonds in their suitcase.

And to think I get worried about the wind taking a freshly withdrawn $20 bill from the ATM dispenser.

5 posted on 06/18/2009 1:33:07 PM PDT by library user
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To: Califreak

bookmark


6 posted on 06/18/2009 1:34:25 PM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: colorado tanker; Califreak

N. Korea makes very fine counterfeit US$100.00 bills.

Genetically Koreans and Japanese are very very close (although saying so could get you knifed in either country).

Connect those dots however you wish.


7 posted on 06/18/2009 1:34:31 PM PDT by null and void (We are now in day 150 of our national holiday from reality.)
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To: Kartographer
So can someone tell me the difference between 'japanese' looking men and say 'chinese' looking men or even 'North Korean' lookning men?

Slant angle?

8 posted on 06/18/2009 1:35:44 PM PDT by Onelifetogive (Check out Puppy News at www.buyingapuppy.com)
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To: Califreak
The amount seized should ring alarm bells. On March 30 2009, the Treasury Department announced that $134.5 billion remained in the TARP. The stated amount of seized bearer bonds was $134.5 billion.

WOW!!!!

9 posted on 06/18/2009 1:36:24 PM PDT by BuckeyeTexan
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To: colorado tanker

What is a “Kennedy” bond, please?


10 posted on 06/18/2009 1:36:33 PM PDT by ridesthemiles
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To: null and void

No way. At this point we are building a case against the N. Koreans for war. If they were trying to do this the Pres and others would be talking about this.

This is something more shady.


11 posted on 06/18/2009 1:36:33 PM PDT by BGHater (Insanity is voting for Republicans and expecting Conservatism.)
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To: BGHater

I think Zero knows something


12 posted on 06/18/2009 1:38:39 PM PDT by Califreak (Dissident under duress)
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To: BGHater
At this point we are building a case against the N. Koreans for war.

We? We? What does He care about we?

13 posted on 06/18/2009 1:38:47 PM PDT by null and void (We are now in day 150 of our national holiday from reality.)
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To: Kartographer
So can someone tell me the difference between 'japanese' looking men and say 'chinese' looking men or even 'North Korean' lookning men?

Japanese men look very different from Chinese men. The Chinese are different in skin color, have broader faces, lighter hair, broader noses.... and, wider shoulders.

North Korean men are far skinnier, and have rounder eyes.

Give me a lineup, and I could correctly identify each >95% of the time. I'd probably be 100% telling the difference between women! ;-)

But... your point is well taken. Who the heck were these guys?

14 posted on 06/18/2009 1:38:58 PM PDT by SomeCallMeTim
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To: colorado tanker

If the bonds are real, then it probably means that some government has lost confidence is trying to dump them without starting a stampede. If they are counterfeit, then it bodes ill because they are so good that they can pass for the real thing. Either way, the ramifications for economic upheaval are very scary.


15 posted on 06/18/2009 1:39:17 PM PDT by The Sons of Liberty (A victim of 0bamunist 0ppression!)
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To: Onelifetogive

Japanese have small penis

16 posted on 06/18/2009 1:39:24 PM PDT by DogBarkTree (Support The American Tea Party)
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To: Kartographer

As a matter of fact, one can.

I worked for years in downtown Seattle that has large amounts of all, throw in Filipino to boot.

I was fairly astute at telling the difference.


17 posted on 06/18/2009 1:40:50 PM PDT by djf (Man up!! Don't be a FReeloader!! Make a donation today!)
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To: Califreak
the biggest financial crime in history

Apparently the Italians didn't think so, they released the 2 men and have no idea where they are now.

18 posted on 06/18/2009 1:41:29 PM PDT by Brett66 (Where government advances, and it advances relentlessly , freedom is imperiled -Janice Rogers Brown)
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To: colorado tanker

Me neither! The story smells. Only a government would own that amount of bonds and if they wanted to move them why not use a diplomatic pouch as the article suggests?


19 posted on 06/18/2009 1:42:48 PM PDT by Anti-Bubba182
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To: Kartographer; All
Add this to the plot.

I read a WSJ article in Feb. It was about Feng Shui and the Chinese way of investing.

What caught my eye was that one of the experts predicted a Financial Terror Attack between June 6 & July 7.

I wrote it down. I dunno if this $134 Billion is part of it. But the guy knew something, here is the link and article.

Some See a Rat in the Year of the Ox For Investors Seeking Advice

"He's negative on the U.S. for now. President Barack Obama, he said, may want to consider wearing the emblem of a rat to balance the traditional misfortune of being an ox in the Year of the Ox. "Maybe someone should present him with a Mickey Mouse hat," Mr. Yeo said.

He told his audience to watch out for a "financial terrorist attack" sometime between June 6 and July 7."

20 posted on 06/18/2009 1:44:09 PM PDT by BGHater (Insanity is voting for Republicans and expecting Conservatism.)
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