Kinda Greedy

[jeff of pa]

I'd be satisfied with just One $500 million Bond.


2 Japanese carrying $134 bil worth of U.S. bonds detained in Italy

ROME —
Two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday. The Japanese consulate general in Milan confirmed that the detention had taken place and said it was trying to confirm with Italian authorities whether the two were indeed Japanese nationals and their identities.

http://www.japantoday.com/category/...g-134-bil-worth-of-us-bonds-detained-in-italy

 

[baspinall]

I'd be happy with just enough to pay off my mortgage.

B

 

[Noodle]

"... $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds..."

I don't even begin to understand or comprehend this statement. The world has left me behind. Can somebody explain? Sorry.

 

[jeff of pa]

well if they folded one up and stuck it in their wallet
they would be through no problem $500 million
Dollars Richer

 

[jeff of pa]

We've seen some of those 'bonds' posted right here on TreasureNet!

you know I thought of that
But am still waiting for an Update
to know if that is what they Had.

The way the story Reads
Everyone is assuming they are real.

Or did I Miss Something ?

 

[jeff of pa]

LOL I Hope the Italian Financial Police
Thought they were Going to get Rich Off these Guys

 

[jeff of pa]

Still no Conformation.
If Fake why not just say So ?

Suitcase With $134 Billion Puts Dollar on Edge: William Pesek

Commentary by William Pesek

June 17 (Bloomberg) -- It’s a plot better suited for a John Le Carre novel.

Two Japanese men are detained in Italy after allegedly attempting to take $134 billion worth of U.S. bonds over the border into Switzerland. Details are maddeningly sketchy, so naturally the global rumor mill is kicking into high gear.

Are these would-be smugglers agents of Kim Jong Il stashing North Korea’s cash in a Swiss vault? Bagmen for Nigerian Internet scammers? Was the money meant for terrorists looking to buy nuclear warheads? Is Japan dumping its dollars secretly? Are the bonds real or counterfeit?

The implications of the securities being legitimate would be bigger than investors may realize. At a minimum, it would suggest that the U.S. risks losing control over its monetary supply on a massive scale.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a62_boqkurbI

 

[mastereagle22]

Man I knew this country was in trouble but if two Japaneese have $134 Billion to loan the US, how much trouble are we REALLY in?

 

[jeff of pa]

it took them Long enough


Italy’s financial police last week said they asked the U.S. Securities and Exchange Commission to authenticate the seized bonds, with a face value of $134 billion. Colonel Rodolfo Mecarelli of the Guardia di Finanza in Como, Italy, said the securities, seized in Chiasso, Italy, were probably forgeries.

Meyerhardt said Treasury records show an estimated $105.4 million in bearer bonds have yet to be surrendered. Most matured more than five years ago, he said. The Treasury stopped issuing bearer bonds in 1982, Meyerhardt said.

According to the Italian authorities, the seized notes included 249 securities with a face value of $500 million each and 10 additional bonds with a value of more than $1 billion, as well as securities purported to be “Kennedy” bonds. Meyerhardt said no such securities exist.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adc1HD7mWY4A

 

[Montana Jim]

Well done SWR.

I'm still waiting for someone to tell you it's possible that they could be real. LMAO

 

[jeff of pa]

OF course they are Real

But they Have to say fake To Protect the Economy