Topic: Italy Seizes $135 BILLION Of US Bonds

Italy Seizes $135 BILLION Of US Bonds
Joe Weisenthal|Jun. 11, 2009, 1:43 PM|comment21


Original post: This is a totally crazy story.

Asia Times: Italy

The inmates are running the asylum

Re: Italy Seizes $135 BILLION Of US Bonds

source?

Re: Italy Seizes $135 BILLION Of US Bonds

http://www.japantoday.com/category/crime/view/2-japanese-carrying-134-bil-worth-of-us-bonds-detained-in-italy

Re: Italy Seizes $135 BILLION Of US Bonds

Here's some good analysis from this blog:

http://www.dailykos.com/storyonly/2009/6/11/741373/-Is-it-all-funny-money

"We aren't talking about someone printing fake $20 bills from a printing press in their living room. We are talking about counterfeiting enough cash to crash the economy of a medium-sized nation, and doing it in such a way that no one could tell the difference.
  How much has been printed and smuggled and no one caught it? A Google search turns up no American news outlets reporting this, only blogs."

5 (edited by xeno syndicated 12-Jun-2009 00:08:43)

Re: Italy Seizes $135 BILLION Of US Bonds

This is very, very serious...  They aren't fake.  It would take mere seconds to trace them and determine that.  Fact that news is NOT saying they are fake is pretty much an indication that they are real.  No one in their right mind would cash fake T-bonds without tracing them anyway.  The amount suggests it is government, not some petty crime lord, who is trying to quietly dump these real bonds.

"http://newsusa.myfeedportal.com/viewarticle.php?articleid=346"

That quantity most likely is a foreign government that quietly wants to get their assets out of U.S. dollars and into gold or even Euros.  Quietly.

The following blog has pretty good analysis:

-http://newsusa.myfeedportal.com/viewarticle.php?articleid=346

Basically, the world's lost faith in the US being able to ever make good on its debts, and they're trying to cash in their bonds now before US goes bankrupt.

Creating a new, global currency is just a smoke-screen, to allow the US to 'save face', imho, but it won't work.

6 (edited by xeno syndicated 12-Jun-2009 00:26:08)

Re: Italy Seizes $135 BILLION Of US Bonds

Here is the first even remotely relevant mainstream news story on this matter:

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5096524/The-G20-moves-the-world-a-step-closer-to-a-global-currency.html

Re: Italy Seizes $135 BILLION Of US Bonds

seems a clear phony, I don't know what a 'Kennedy Bond" is supposed to be.

a bond note that big would probably not have a paper certificate at all, just an account number.

http://www.treasurydirect.gov/tdhome.htm

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: Italy Seizes $135 BILLION Of US Bonds

Doesn

The inmates are running the asylum

Re: Italy Seizes $135 BILLION Of US Bonds

They've gotta be fake.

Buddugoliaeth neu Marwolaeth

Re: Italy Seizes $135 BILLION Of US Bonds

Even if they're real, they're fake.

Brother Simon, Keeper of Ages, Defender of Faith.
~ ☭ Fokker

Re: Italy Seizes $135 BILLION Of US Bonds

lol @ Simon