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Originally posted by disgustedbyhumanity
reply to post by burntheships
US declares that the bonds are fake and that the world is saturated with fake bonds. Makes a perfect excuse not to pay off any of them. That takes care of our debt situation.
On the other hand Japan will claim they were stolen from their treasury and that they are real.
Originally posted by Voxel
People on private planes still have to go through customs when they land at another country. Only the contents of diplomatic pouches don't have to be declared.
Originally posted by rami2012
The FEDS , OBAMA ADMINISTRATION , and congress Need to all be questioned and a full investigated for this bull#.
The second problem affecting country attribution is caused by bearer, or unregistered, securities. Usually, little or no information is available on the owners of these securities because they need not make themselves known. Bearer securities generally cannot be issued in the United States, but U.S. firms can and do issue such securities abroad. The vast majority of the $492 billion in debt securities attributed to owners whose country of residence is unknown are bearer securities.
1986 treasury report
The Treasury is also planning to make available a facility for the conversion of physically stripped bearer securities into a book-entry form at the Federal Reserve Bank of New York. This will reduce the current costs and risks to the market in holding these physical coupons and will improve the liquidity and efficiency of the market. This facility is expected to be available in January 1987. Additional information will be provided in the near future. This new facility will be maintained separately from the Treasury STRIPS program.
source with pic
A $1,000,000 thirty year U.S. Treasury bearer bond with twelve coupons affixed which was issued in February of 1977 and called on February 15, 2002. Issued at its face value of $1,000,000, it is still redeemable for this amount and will be until 2047. Bearer bonds have not been issued by the Treasury since 1986, and all bonds issued today are in book entry form, registered to specific individuals or institutions. Prior to selling the Taylor Family Collection we have never had the privilege of offering a bond in this denomination, and we doubt whether enough exist in this unredeemed form that we ever will again, as the cost of keeping this bond as a collectible is one that few in the numismatic fraternity are likely to assume. If you are looking for an item that will afford you the ultimate in "bragging rights," this is definitely an item you should bring home this evening.