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Italy police seize $6 trillion of fake U.S. T-bonds
Reuters/YahooNews ^ | 2/17/12 | Reporting by Elisa Forte; Writing by Gavin Jones; Editing by Louise Ireland

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 ...


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: chicago; conterfeitbonds; fakebonds; italy; thefed
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See ZeroHedge's Take in Thread:

http://www.freerepublic.com/focus/f-bloggers/2847882/posts

1 posted on 02/17/2012 9:17:51 AM PST by Kartographer
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To: Kartographer
Again??

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.

2 posted on 02/17/2012 9:19:22 AM PST by ClearCase_guy (I am pro-Jesus, anti-abortion, pro-limited government, anti-GOP.)
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To: Kartographer; MestaMachine; thouworm; STARWISE; onyx; maggief; LucyT

Another view of the same material.


3 posted on 02/17/2012 9:20:14 AM PST by hoosiermama (Stand with God and Sarah, the Gipper and Newt will be standing next to you.)
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To: Kartographer; MestaMachine; thouworm; STARWISE; onyx; maggief; LucyT

Another view of the same material.


4 posted on 02/17/2012 9:20:39 AM PST by hoosiermama (Stand with God and Sarah, the Gipper and Newt will be standing next to you.)
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To: Kartographer

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.


5 posted on 02/17/2012 9:23:09 AM PST by Jack Hammer
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To: ClearCase_guy

http://www.freerepublic.com/focus/f-news/2277340/posts

It was $134B last time (2009)


6 posted on 02/17/2012 9:25:11 AM PST by ClearCase_guy (I am pro-Jesus, anti-abortion, pro-limited government, anti-GOP.)
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To: ClearCase_guy; hoosiermama

“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.


7 posted on 02/17/2012 9:26:48 AM PST by MestaMachine (obama kills)
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To: Jack Hammer

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.


8 posted on 02/17/2012 9:27:19 AM PST by entropy12 (Islam is intolerant of every other religion.)
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To: ClearCase_guy

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?


9 posted on 02/17/2012 9:31:56 AM PST by DTA (U.S. Centcom vs. U.S. AFRICOM)
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To: ClearCase_guy
Yeah, hard to forget that one. The Dragon family. Lol.
10 posted on 02/17/2012 9:33:00 AM PST by Theoria (Rush Limbaugh: Ron Paul sounds like an Islamic terrorist)
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To: MestaMachine
Almost no one takes me seriously, but I really see a Jubilee coming. All debts. Everywhere. Across the world: cancelled.

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.

11 posted on 02/17/2012 9:33:55 AM PST by ClearCase_guy (I am pro-Jesus, anti-abortion, pro-limited government, anti-GOP.)
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To: Kartographer

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


12 posted on 02/17/2012 9:35:48 AM PST by Daffynition (Our forefathers would be shooting by now.)
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To: Kartographer

Can I buy one on eBay?


13 posted on 02/17/2012 9:37:19 AM PST by C19fan
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To: Jack Hammer

Timothy Geither and the rest of the folks in the Treasury were probably privy to the whole scenario.


14 posted on 02/17/2012 9:39:59 AM PST by rovenstinez
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To: Kartographer

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.


15 posted on 02/17/2012 9:43:24 AM PST by Roccus
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To: ClearCase_guy

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


16 posted on 02/17/2012 9:53:31 AM PST by SpringtoLiberty (Liberty is on the march!)
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To: ClearCase_guy
It's all funny money. No one can track it. No one can trust it.

This is being done with a will and a purpose: the reduction of the entire world to a no-trust outlook. Qui bono?

17 posted on 02/17/2012 9:55:19 AM PST by Noumenon ("I tell you, gentlemen, we have a problem on our hands." Col. Nicholson-The Bridge on the River Qwai)
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To: entropy12
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.

LOL. That was actually my first thought (as implausible as it is). Maybe it depends on the willingness (or desperation) of the lending institution to take on any collateral, and look the other way. It would make sense if there is a reason to lend out huge amounts of money to otherwise bankrupt institutions...

Great conspiracy stuff, but this has to be a hoax, or some kind of bizarre, elaborate scam.
18 posted on 02/17/2012 9:55:36 AM PST by jjsheridan5
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To: MestaMachine
“In 2009, Italian financial police seized $742 billion of fake U.S. bearer bonds..."

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."

19 posted on 02/17/2012 9:59:52 AM PST by TruthShallSetYouFree (How bad would an Obama II administration be, without the constraints of re-election?)
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To: Kartographer

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?


20 posted on 02/17/2012 10:05:39 AM PST by Norseman (Defund the Left-Completely!)
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