2 Japanese Carrying $134 Bil Worth Of U.S. Bonds Detained in Italy, page 7
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reply posted on 12-6-2009 @ 11:11 AM 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 willclaim they were stolen from their treasury and that they are real.


reply posted on 12-6-2009 @ 11:13 AM by warrenb
reply to post by disgustedbyhumanity



Is that your theory or from another source? If from a source, provide a link.

cheers




reply posted on 12-6-2009 @ 11:34 AM by mmiichael
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.


There has to be a procedure for verifying something with a value as high as $500 million before it is credited. And add some of them dated back 40 years an unlikely way for counterfeiters to do their thing.

The theft thing would likely not wash. And if they were stolen, those could be canceled and replaced.

Question outstanding is how the money police got wind of it. A communication with a Swiss Bank?

Seems unlikely but the Japanese just may have thought going a quick low tech smuggling route would not set off alarm bells.

And now I imagine the bills have to be kept as evidence in an ensuing court case.

Mike



reply posted on 12-6-2009 @ 12:03 PM by Divinorumus
Are there any domestic sources from which these bonds could have come from? Ya know, we're just knee deep into this economic crash. While the liar liars keep saying everything is starting to turn around, we haven't even seen the worst of the housing market crash yet. Sure, the subprime crisis is over for the most part, but there is this other BIG mortgage problem looming just over the horizon: OptionARM resets! LOTS of them!

It ain't just foreign governments that hold government debt that should be worried, there could be domestic businesses and private citizens that might want to unload these things too, before the OptionArm implosion.

Think about it. If the Japanese government were the ones trying to unload those bonds, wouldn't they use some diplomat with a diplomatic pouch (which can't be searched) to courier those things about?

As you know, home prices/values have dropped considerably in the last year, and because of this, MANY of them folks with OptionARM prime mortgages aren't going to be able to refinance their homes (because they are upside down already) in order to avoid their new higher payments under their current mortgage terms. THIS will end up being a FAR greater problem than those subprime mortgages .. and that could be the straw that breaks the camels back. CRASH!!!!

Anybody that has been paying REAL attention to what is going on is going to want to unload all their bonds before this happens, and do so without paying taxes .. because what's the point in paying taxes when the entire US government is going to end up bankrupt anyhow when this crash occurs. You're gonna want to unload them things for whatever you can get for them, in some other currency, and deposit your nest egg in a Swiss bank before the USA goes belly up. I know I would!


reply posted on 12-6-2009 @ 01:12 PM by barbar.aha
hi I'm new to this site, I just wanted to give you some insights into this piece of news. I'm from switzerland and often use the train to and from italy where the two japanese were travelling.

First of all, the italian financial police searches these trains on a regular basis, trains crossing the border between italy and switzerland normally stop for 20/30 minutes (at least )at the border to allow for this.
Every time I`ve taken these trains I have been briefly questioned and I have seen other passengers having their bags inspected.

Some have argued that the police had to have been tipped off but I don't believe this would need to be the case.

This italian blog interviewed an officer of the italian financial police stationed at the border area in question
crisis.blogosfere.it...
The officer col. Mecarelli states thats the two men were indeed japanese and they have not been detained but just questioned and then released.
Apparently the police is working with the US secret service.

It is still not clear to me if the certificates seized were bearer bonds, if not, I don't suppose they would qualify for cash equivalent instruments and I suspect no crime was actually committed. This would explain why medias are not reporting on the story.
and yet, the officer states in no uncertain terms that a crime was perpetrated carrying a "fine" of 38 billion euros.

i am puzzled

[edit on 12-6-2009 by barbar.aha]


reply posted on 12-6-2009 @ 01:17 PM by Divinorumus
Update info: Seizure of US government bonds from two Japanese men in Italy raises questions ... some commentators are starting to link the story to reports in US press dating back to 30 March. On that date the US Treasury Department announced that it had about US$ 134.5 billion left in its financial-rescue fund, the Troubled Asset Relief Program (TARP), whose purpose is to purchase assets and equity to buttress companies in trouble.


reply posted on 12-6-2009 @ 02:30 PM by spacebot
Another thing that is not making the mainstream?

news.bbc.co.uk...

Iran hold its elections today and Ahmadinejad might lose this time, opposition leader with the most support also opposes the religious Iranian leadership and considers betterment of Iranian relations with the West and primarily the US.

Maybe the money has to do something with that somehow?

[edit on 12-6-2009 by spacebot]


reply posted on 12-6-2009 @ 02:48 PM by rami2012
reply to post by Divinorumus




YA! Exactly what i was thinking . People I think the goverment just got F*****.

I cant wait till more people find out...


reply posted on 12-6-2009 @ 04:16 PM by smarteye
Some info from the Treasury:

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.
treas.gove


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.
1986 treasury report

Also here is a list of US MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
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