[the invisib1e hand]

Bond certificates marked "Chicago, Illinois, Federal Reserve Bank"

hunh. Say, Mr. Daley, ya know anything about this?

[HiTech RedNeck]

You don’t sell that quantity of bonds to individual widows and orphans. Some huge investor was in their sights, and I wonder if some nod, wink was going on from the investor end too.

[G Larry]

Rats!

That’s what Barack was going to use to pay off a third of our national debt!

[ml/nj]

Do we really still "print" bonds?

ML/NJ

[SkyDancer]

I thought it was the government that was supposed to come up with fake money.

[Adder]

No, no no,,,,those aren’t fake...thats QE3.

[Tupelo]

This story doesn’t pass the smell test. $6 trillion worth of fake U.S. Treasury bonds? I have never heard of anyone counterfeiting 1925 Duetch Marks. Or 1865 Confederate Dollars. Or even American one dollar bills. What do you think $6 trillion dollars worth of REAL U.S. Treasury bonds are worth? $5.50? Counterfeit? $.05?

[taildragger]

Isn’t this the 2nd time fake bonds have been found? Remember Glenn Beck was on tear about this awhile back they found them on a train and then it went hush hush?

[Don Corleone]

Wonder if “Turbo Tax Timmy” had a hand in their publication?

[OwenKellogg]

Happens all the time ...

http://www.inquisitr.com/195376/6-trillion-us-bond-fraud-italy-2012/

[veracious]

So what’s the difference between the fake ones and real ones. Not a whole lot; maybe just who gets paid for them.

Only slightly jokin...

[sharkhawk]

It's an old scam. The $6 Trillion is new but this has been going on for years. The bonds are supposedly from 1934 when the entire GDP for the US was 67 billion. The bonds are in $1 billion denomitations. Do people really believe that they were making coupon bonds that large in 1934?

Two ways the scam can work, One they insinuate that the current holders don't want to bring attention to themselves by and will sell them for pennies on the dollar, or they present them to idiotic bankers for safekeeping, and then use their bank statements as collateral on loans. They use old bonds because the government has not printed bonds for many years. It's a variation on the old 1,000 bill scams.