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
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Imperial Forum → Politics → 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
http://www.japantoday.com/category/crime/view/2-japanese-carrying-134-bil-worth-of-us-bonds-detained-in-italy
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."
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.
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
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
Doesn
They've gotta be fake.
Even if they're real, they're fake.
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