Everything suggests that the American bonds seized at Chiasso (Italy) are real

AsiaNews.It ^ | June 30, 2009 | Unknown

[AFreeBird]

On its website, the creator and presenter of Radio, Hal Turner, had also claimed that his sources had revealed that the Italian authorities believe the evidence to be authentic and that the two Japanese officials are from the Japanese Ministry for Finance. They were supposed to bring the bonds to Switzerland because the Japanese government had apparently lost confidence in U.S. ability to repay its debt. Japanese financial authorities therefore were trying to sell a part of the securities in their possession through parallel channels ahead of an imminent financial disaster, thanks to the anonymity which, Turner said, is guaranteed by the laws of Switzerland.

Um okay. Well then, if these are in fact legal bonds, and they are/were in fact held by the Japanese gov't., then why try to smuggle them into Switzerland? I assume Jpan has a diplomatic mission in Switzerland, why not put them in the diplomatic bag, and send them to the embassy. From there they could taken to whatever bank and done whatever the hell else they wanted to with them.

This story is getting stranger by the minute.

[norton]

They only arrest you for real forgeries?

[Lloyd227]

Well I don't claim to know, but I"ve read conflicting reports about whether such notes ever existed. I've seen what seem to be legitimate reports that they in fact did exist for periods of time.

You're expert experience is enough to convince me they did not? Ok, if you say so. :-)

[Brad from Tennessee]

Bonds in these denominations were issued for a sovereignty because that was the only entity with that much cash. It may be that these bonds are original but are no longer valid instruments. They may have been redeemed or exchanged then “canceled” like a check. Presumably the paper would be destroyed or defaced but some official may have preserved them as keepsakes—like Confederate money or failed bank bonds.

[itsahoot]

One-quarter of a TRILLION in bonds and this is the first I am hearing about this?

Well, we know for a fact that you don't watch Glenn Beck on Fox News.

[itsahoot]

The last I heard the Treasury claimed they were obviously fake

The true test will be if someone cashes them, if not........

[itsahoot]

What right did the Italian govt have to seize them, then?

Taxes of course. Don Johnson was caught with, best I remember, about 8 billion a few years back, never heard another word. I suspect you have heard all you will about this story as well.

[Brad from Tennessee]

DON JOHNSON IN POSSIBLE MONEY SCANDAL

The former “Miami Vice” star is detained for hours at the German-Swiss border after authorities reportedly find $8 billion in bank notes in his car.

http://www.people.com/people/article/0,,625637,00.html

[razorback-bert]

I recalled reading that the Tresury stated that are/were a few bearer bonds issued.

[SuperLuminal]

"The two gentlemen carrying all this stuff were released and no one knows where they are now. "

Yep! Just like J.H.

Better start looking closely at all the construction sites in Italy.

[ExiledChicagoan]

Glen Beck has been ranting about this for weeks.

[redgolum]

Wouldn’t put much into what Hal Turner says.

[Pablo64]

"I bet Soros is involved somehow..."

If not directly, then he's likely pulling the puppet strings.

[sig226]

Please forward to me the account information of yor personal information which will be abnolutely secure so that I may trandsfer to you bonds total $134,000,000 US which is. yours

Name: *************************
Social security: ******************
Bnak account: *******************
Balance: ************************
Net worth: **********************
credit Card: *********************

All of your information is guarnateed to security by my friend Robert Mueller who is director of the US.A. Federal Investigation Agency and you can send email him to muellerr@fbi.gov

Yours friend
Barrister sig226

[scripter]

read later

[Cementjungle]

I still find the issuing of $1B bonds that long ago somewhat suspect but who knows.

In 1998... that would be Bill Clinton. I wonder what he got for it.

[cherry]

because they were in Italy, and because those Swiss banks are very close to Italy....my redneck guess is that if real, the bonds are the product of the greatest confiscation of wealth in the history of mankind, pulled off nicely by bama and his elite oligharchy.....

[Pablo64]

Keep your redneck guesses coming. They were actually headed to Switzerland but were stopped before the train crossed the border. From the story: "...two Japanese who were travelling on a direct train to Chiasso, Switzerland."

So far it's been pretty much just Glenn Beck who has been really digging into this story and it's amazing all the run-around he's getting from all the officials who would or should be involved in this.

[Raycpa]

Are you the one who actually writes most of my email?

[Dr. Murphy]

I have PhD in Finance, and although I don’t know much about this particular type of thing, here’s my take on the issue that seems to be consistent with all the evidence provided:
The US Treasury issues the bearer bonds to foreign gov’ts to pay bills without the announcement effect of issuing such obligations through the market (and also without flooding the market with excessive supplies of them). When the foreign governments decide they are ready to put them up for sale, they take them to their Swiss bank accounts, where they can be sold anonymously. The bonds are then replaced with Fed deposits (possibly at a US-guaranteed price equal to principle plus accrued interest for redemption that protexts the foreign government against Treasury bond price risk and that completely insulates the Treasury bond market from the impact of their redemption by effectively monetizing the US government deficit without very easy detection).