Bonds worth $134.5 billion seized on the Italian/Swiss border - why are the media not reporting this?

by slimboyfat 5 Replies latest social current

• 

  slimboyfat

  http://www.bloomberg.com/apps/news?pid=20601039&sid=a62_boqkurbI

  http://www.asianews.it/index.php?l=en&art=15456&size=A

  http://www.youtube.com/watch?v=LSCwiTCQYAA

  Nothing on the BBC. Is this getting reported at all in the US?

  Are foreign governments looking to get out of dollar assets?

  It follows a meeting of leading nations that excluded the US earlier in the week.

  http://www.truthdig.com/report/item/20090614_the_american_empire_is_bankrupt/

  Is this the start of the flight from the dollar? No wonder the media are frightened to report it if that's what's behind it.
• 

  betterdaze

  $134B In Seized U.S. Treasury Bonds Are "Fakes"

  June 17, 2009 4:34 PM EDT
  
  A spokesman for the U.S. Bureau of Public Debt said the recently seized $134 billion of U.S. Treasury Bonds in Italy are fakes, according to reports from Bloomberg.
  
  Stephen Meyerhardt said, "They're clearly fakes. That's beyond the fact that the face value is far beyond what's out there"
  
  U.S. records shows that there are an estimated $105.4 billion in bearer bonds that have yet to be surrendered, with most maturing more than five years ago. The Treasury stopped issuing bearer bonds in 1982.
  
  Last week, Italian police seized the bonds from two Japanese travelers who were carrying the bonds in the false bottom on a suitcase and trying to cross into Switzerland.
• 

  leavingwt

  Slim,

  We cannot be bothered.

  We're on the verge of having Health Care Reform.

  -LWT
• 

  aligot ripounsous

  That was reported in the British and french media. According to the latest news I read, the amounts of some of the bonds were so huge that they have to check whether they are genuine. I spare myself this trouble with the few notes I've got in my wallet.
• 

  slimboyfat

  You mean to say this might not be a sign of the apocalypse after all? Bummer.
• 

  slimboyfat

  Mainstream speculation relating this case to future dollar collapse:

  http://www.telegraph.co.uk/finance/economics/5586543/Is-this-the-death-of-the-dollar.html

  Why fake an amount that is far too high to ever be believed? It doesn't make sense.