The "up-to-the-minute Market Data" thread

Originally posted by GreenBicMan
reply to post by DangerDeath

 

sorry lol, i am a star wars guy.. never got into ST for some reason.. I guess that might have been a tad before my time and SW was just the movies so...

All right, so, what's it the Last Jedi was trying to do?

- Remember!

GBM, I appreciate your ability to focus. You will widen your scope soon, I'm sure of that.

Star Wars are a lot more gay than Star Trek

Are too dee too are you all right?

reply to post by DangerDeath


Danger,

Please insult me and my opinion at will (as does everyone else) but you are crossing the line with r2

This should shake things up a bit!
Breaking News

Two Japanese men arrested by Italian Police while trying to smuggle $134 Billion in U.S. Treasury Bonds concealed in suitcases, out of Italy into Switzerland, are employees of the Finance Ministry of Japan.

Turner Radio Network has now confirmed the two men arrested by Italy were trying to secretly dump Bonds that were previously held by the nation of Japan. The men arrested have told Italian police they were ordered to move the Bonds by the government of Japan because the Japanese government has lost faith in the ability of the U.S. government to repay its debts.

Despite assurances from Japanese Finance Minister Kaoru Yosano about Japan's "absolutely unshakable” confidence in the credibility of the U.S. dollar, it is now confirmed based upon the serial numbers of the Bonds, that the $134 Billion is part of the $686 billion of U.S. debt officially held by Japan.

According to Italian Law Enforcement, authorities originally thought the men were part of the "Yakuza", a Japanese organized crime syndicate similar to the Italian Mafia, which lead officials to believe the Bonds were forgeries But after the men who were arrested were forced to remain in jail for more than a few days, they discarded their cover story and admitted to being employees of the Finance Ministry of Japan.

Strangely, very few major media outlets have covered this story. Of the few media outlets that have covered it, one - Bloomberg Business News - reported the bonds were "fakes." But according to Italian authorities, that is a cover story developed by the U.S. government to avoid panic selling of U.S. Treasuries by other nations.

Source

investment-blog.net...

[edit on 20-6-2009 by burntheships]

reply to post by burntheships


Blah.. I believe there is a lot more then meets the eyes, but Turner-radio is garbage.

These are the morons that brought us the Amaro hoax, among other things.

reply to post by Rockpuck


We will see...this is a strange story...

Perhaps you are right. I am not sure.

Edit to add that this write up blames the Italian Mafia...?

Italian officials, while pointing out that hauls of counterfeit money and Treasury bills were not unusual, were stunned by the amount involved. Investigators are looking into the origin and destination of the fakes.

Italian prosecutors revealed last month that they had cracked a $1bn bond scam run by the Sicilian Mafia, with the alleged aid of corrupt officials in Venezuela’s central bank. Twenty people were arrested in four countries.

The fake bonds were to have been used as collateral to open credit lines with banks, Reuters news agency reported. The Venezuelan central bank denied the accusations.

www.ft.com...

Edit to add: This story in the Canada Free Press from the Northeast Intelligence Network...is definitely onto something...

homelandsecurityus.com...

[edit on 20-6-2009 by burntheships]

Sounds like tabloid sensationalism.
Plenty of key words and explanation.
Not typically official.

reply to post by DangerDeath


Is the Financial Times of London a tabloid?

Mafia blamed for $134bn fake Treasury bills
By FT reporters

www.ft.com...

reply to post by burntheships


So what is it? Mafia, Japanese government or conceptual artists with nonexistent Kennedy bonds?

reply to post by DangerDeath


Well it seems as if this is beginning to look complicated? Whos on first?

Also this write up by Northeast Intelligence Network has reliable information...it seems that they are seriously investigating this.
homelandsecurityus.com...

And another story implicating the U.S.
www.asianews.it...

Don't the bonds have serial numbers? How long does it take to type in a number?

If I can call the IRS and get my (and my family's) entire financial history is less than 1.2 minutes, surely the Treasury's system could validate a serial number in less than two weeks.

Unless, the number actually did come up in 1.2 minutes, and it's taking so long due to internal investigating and CYA.

When were those guys detained?

Yeah, it's about time for the fingers to be in full pointing positions.

Sir Allen Stanford faces new charges of a $7 billion fraud (subsequent to current charges of an $8 billion fraud).

The justice department said the 50-page indictment accused Sir Allen and some of the other alleged co-conspirators of engaging in a scheme to defraud investors who purchased $7bn in certificates of deposit from Stanford International Bank, located in Antigua.

It said they "promised returns that were too good to be true".

US Assistant Attorney General Lanny Breuer said the indictment "charges Stanford with conspiracy to commit wire fraud, mail fraud and securities fraud".

He listed the charges as: "Seven counts of wire fraud, 10 counts of mail fraud, conspiracy to obstruct an investigation for the Securities and Exchange Commission, obstruction of an investigation by the SEC and conspiracy to commit money laundering."

There's got to be some major fallout from something of this scale.

BTW - the showdown between GBM & Hastobe on the previous page really got me thinking. I've started a separate discussion so as not to go off topic here.

reply to post by burntheships


Could be the Mafia, I said a few pages back that I believed it was either a shady bank doing shady deals with shady characters, or that it was the mafia, but then I also came to the realization that between banks, shady deals, shady characters and the Mafia it was all essentially the same thing anyways.

The fact that the Gov. receives funding from these uh ... less then likeable groups is not surprising. The fact it can be kept so quiet is.

reply to post by pause4thought


Yes, and meanwhile all investors funds are frozen.

reply to post by Rockpuck


Yes exactly! So quiet you could hear the pin pulled.

I find this little give away of extreme interest!

a report surfaced on Monday, June 8, on an obscure Vatican-sponsored news website, AsiaNews.it, that Italy’s financial police (Guardia Italiana di Finanza) had “seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland.”

www.contrarianprofits.com...


[edit on 20-6-2009 by burntheships]

reply to post by burntheships


The way is going we are going to have the government making sure this conect all the countries that are not friendly to the US.

Very soon the connection will lead to Alqueda and bin landen.

More new bankruptcy's

European Telecom Files for Chapter 11

Debbie Reynolds’ Hollywood Museum Enters Chapter 11

Flying-car company founder files Chapter 11

That makes quiet a few bankruptcy's for the week.

reply to post by Hastobemoretolife
I applaud your posting of these BK's...

Please don't stop...maybe GBM will see a pattern sooner or later :shk:

BTW: Even while Gold has lost a little "luster" in all actuality...it's held up way better than the dollar since 1913



[edit on 6/20/2009 by Hx3_1963]

This bond story is definitely "Star Wars". We have a potential junk bond archetype as mirrored by the TARP bailout fund fiasco right down to the dollar value. Then we have the International flight of said bonds from Asia to Switzerland through Italy. Why they didn't just beam the account details over abovenet to Switzerland using a diplomatic channel is beyond me..

The choice of using a manual laborers train and a false bottom suitcase to courier the bonds gives the story some intrigue like the old movie from the 60's "From Russia with Love".

They must be trying to get opinions from people that would normally be out of the loop concerning the world debt problem.

reply to post by fromunclexcommunicate
You have to remember...the digital highway is watched very close now by the fed after the hacking attempts...remember all the over-sea internet cables being "cut"?

reply to post by Hx3_1963


Yea, maybe he will eventually get it, just about ever independent trader has come out and said the markets are being manipulated.

I'm not trying to insult his opinion, everybody knows there is money to be made in the market short term. But the markets are only publicly traded companies, there are tons more companies that are not publicly traded.

I tell ya what thought I wish this was all just fear mongering and everything would be peaches and cream in a year or so, but I know that isn't the case. It still wouldn't surprise me if the Fed somehow manages to avoid monetizing the debt and comes up with the 2 trillion in interest payments coming due this fall.

The way it is going though it doesn't look like they are going to be able to pull it off. It's either monetize the debt or default either or they both have the same outcome, and both of the options will be look at the same way.

Originally posted by Hastobemoretolife

Yea, maybe he will eventually get it, just about ever independent trader has come out and said the markets are being manipulated.

The equity markets are very easy to manipulate if you are a group of banks...a group of hedge funds...or of course the government. The equity markets in the short term are all human emotion. If the markets are tanking because some bad news comes out, and banks and funds and the government want to instill some confidence, they can spend hundreds of billions and buy up stocks. This will make it seem like everything is over and the market is "forward looking". But it only takes a few hundred of billions to manipulate things and some of the rest of the herd will follow and continue to bid up prices. I mean look at what happened after the first down turn leading up to the great crash of '29. The market tanked one day and a group of bankers decided to buy up the market propping up prices. Then they took their money out and that is when THE crash happened. Short term they staved off a crisis, long term, they knew they would be caught in the heat of the selling.

In the bond markets, nobody can truly manipulate things like this. This represents hundreds of trillions of dollars and different countries are involved in buying and selling bonds as well as fixed income funds that aren't so emotional. China cannot be manipulated to sell their bonds or keep their bonds they hold because a hedge fund manager says those bonds suck. Look to the bond markets for the true story...not the equity markets. Equity markets are casinos in the short term. Years ahead they are fine, but playing with options and futures of stocks and buying/shorting equities for a week for speculation is equal to poker. Because it takes talent and knowledge and schemes but it means nothing...With that said I am a short term trader