Suitcase With $134 Billion Puts Dollar on Edge
Submitted by wafflehutguy on Wed, 06/17/2009 - 08:08
June 17 (Bloomberg) -- It’s a plot better suited for a John Le Carre novel.
Two Japanese men are detained in Italy after allegedly attempting to take $134 billion worth of U.S. bonds over the border into Switzerland. Details are maddeningly sketchy, so naturally the global rumor mill is kicking into high gear.
Are these would-be smugglers agents of Kim Jong Il stashing North Korea’s cash in a Swiss vault? Bagmen for Nigerian Internet scammers? Was the money meant for terrorists looking to buy nuclear warheads? Is Japan dumping its dollars secretly? Are the bonds real or counterfeit?
http://www.bloomberg.com/apps/news?pid=20601039&sid=a62_boqk...
... just gets more curious as time rolls by....
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The question is why would
The question is why would someone be wanting to stash soon to be worthless US bonds in Switzerland? Doesn't make any sense unless they are fake and trying to cash in before it all goes south. But then again I think the Swiss banks would discover they were fake before they deposited them... They are not stupid.
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Has Anyone Heard Anything More
In light of what is going on with the Asian summit this week, movement of this much money seems like a fairly significant story and yet it is getting no coverage.
wtf...
wtf...
This article might put a few things into perspective
I think we can now consider the case of the "mystery bonds" well and truly solved. I am grateful for the links to my earlier work. (If you haven't seen that material, scroll down.) Nevertheless, the internet remains filled with nonsensical discussion predicated on the theory that the bonds are real, and that they represent treasury bonds or bearer bonds, not the mythical Federal Reserve Bond.
You will find this silliness not just in the fringe regions of blog-land but in Bloomberg, which really ought to know better. The Bloomberg piece actually suggests that the $134 cache of fake money could "put the dollar on edge"!
For full article:
http://cannonfire.blogspot.com/2009/06/wackiest-mystery-bond...
Yes, it certainly does!
It puts into perspective the fact that Joseph Cannon runs a disinformation website, which seems to spread disinformation about nearly everything.
Cannonfire is definitely well up there on the list of worst websites ever.
The level of Cannon's idiocy is only exceeded by his desire to make sure that nobody ever gets the real story on anything.
My theory...... the Japanese
My theory...... the Japanese are trying to unload some of their US dollars quickly and quietly... doing it this way, they go around all the normal red tape. I think Some countries are starting to see the writing on the wall..the dollar is dead. Look at the Russians.. 2 weeks ago the Russian president was asking for a new world currency.. Then just a few days ago another Russian comes in and just praises the US dollar.. why? well if you still have some of those US dollars that you want to get rid of you want to pump them up before you dump! if any of you still have US dollars you are crazy...
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
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Wow, that's just
Wow, that's just insane.
“Liberty means responsibility. That is why most men dread it.” -George Bernard Shaw
“Liberty means responsibility. That is why most men dread it.” -George Bernard Shaw