- Fake, real or otherwise; this is a major story for either: 1) Japan is selling off it's US Treasury Bonds, 2) During times of war, it is common to counterfeit bonds, currency and the likes as a form of economic attack or 3) These are just ove
$134 Billion In U.S. Bonds found on 2 Japanese trying to get into Switzerland
UPDATE 3 - July 10, 2009: BONDS REAL - We read: Ｔhe Japanese arrested with $134.5 billion had papers signed by Bernanke, Greenspan
The two “Japanese” (one is Philippino and the other Chinese) arrested in Italy recently with $134.5 billion worth of US Treasury certificates were also carried a series of documents signed by the likes of Alan Greenspan and Ben Bernanke. They themselves are innocent and were released immediately because they were carrying genuine diplomatic passports. They Pictures of the documents they carried are attached and we would like to hear some expert opinion on their contents.
According to the official story put out to the corporate media, the Treasuries were forgeries (no doubt they will say the same about the documents pictured here) but if that is the case, why were the people carrying the “forgeries” immediately released? SOURCE: %95%E3%81%95%E3%82%8C%E3%81%9F%E6%97%A5%E6%9C%AC%E4%BA%BA%E3%81%AF%EF%BD%86%EF%BD%92%EF%BD%82%E8%AD%B0%E9%95%B7%E3%81%AA%E3%81%A9%E3%81%AE%E6%9B%B8%E9%A1%9E%E3%82%92%E6%8C%81%E3%81%A3%E3%81%A6%E3%81%84%E3%81%9F-1.html>http://benjaminfulford.typepad.com/benjaminfulford/
UPDATE June 12, 2009 (and June 15, 2009- Japan lowering US Bond purchases!) - NEW EVIDENCE IS POINTING TO JAPAN (See Bottom For Full Update.) UPDATE 2 June 14, 2009 - MAX KIESER AUDIO INTERVIEW (See comments); BANK OF INTERNATIONAL SETTLEMENTS ON 134 BILLION BOND RADAR- http://ia301536.us.archive.org/2/items/MaxKeiserRadio-TheTruthAboutMarkets-13June2009/tam130609.mp3 His take, real bonds and looking at his suspicion that; in Switzerland you have the Bank of International Settlements whom are bound by Basel 2 and he feels that this bank found themselves short of what they need for that Basel 2 ruling and that accounting, had one of their central banks, who knows which one, lend them these real assets, for they needed the bonds "on their books" and after the quarter is over, they 'move' the bonds back out, to the real owner or to the next party in need. [Para-phrased from interview] (INTERESTING!)
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Behind China, Japan is the largest holder of US Treasury Bonds. This makes this story, reported in Japan and Italy, VERY concerning, which we will get to after looking at what happened:
June 11, 2009 "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.
According to the report in il Giornale, two unidentified Japanese in their 50s concealed the bonds, including 249 U.S. Treasury bonds each worth $500 million, in a suitcase with a false bottom that was searched by the Italian authorities June 3 when they were in Chiasso, at the border with Switzerland, about 50 kilometers north of Milan. The daily did not say on what charges they have been detained, but the two may have been detained on suspicion of attempting to take a large amount of securities out of Italy without declaring it because the paper said they had not declared the bonds.
The treasure was in the hands of two Japanese from Italy were trying to enter Switzerland. In a suitcase were 249 bonds of the ‘Federal Reserve‘ American in the nominal value of 500 million each, and 10 ‘ bond Kennedy ‘ of the nominal value of $ 1 billion each, in addition to whta is described as very original banking documentation.
Here is a scenario, which until more details about these two is know, is just a maybe...
If you were Japan, the second largest holder of US Treasuries, what would you do? You would not want to risk angering Washington and Co, especially since president Obama is so well liked. How could you quietly, unlike China and Russia whose footsteps in the night are making awful creaking sounds, divest from these bonds, this paper that could become the value of plain paper, in some doomsday scenarios (In any event, likely to loose a lot of their value.)? Could it be Japan is spooked by the threat of The Fed being audited, as reported here?
Japan very well, and this is just a guess, may be trying to silently sell, ahh, ehh, BILLIONS of USD worth of bonds, for a lot less then they are worth, in Switzerland, to switch it to gold, silver or heck, maybe even Euros- who knows.
All I know is that where there is smoke, there is fire. Is it hot enough to melt gold or just burn paper? This is one to keep on the radar, just it simply drops from public eye.
BREAKING - UPDATE Almost no western sources are pushing this story, however AisaNews is doing some digging and found some, well, incredible evidence, pointing to a state backed action, namely likely via Japan:
"Seizure of US government bonds from two Japanese men in Italy raises questions Seized US bonds are worth US$ 134.5 billion. The whole affair touches a number of economic and political issues. For some the resignation of Japan’s Interior minister might be related to it."
And here is the key, most clear evidence that these two Japanese men were on official diplomatic business- likely to dump US bonds:
"First of all, the men carrying the bonds had a Japanese passport. Secondly, they were not arrested. Under Italian law anyone in possession of counterfeit cash or bonds worth more than a few tens of thousands of euros must be arrested. By comparison the value of the seized counterfeit bonds is equal to 1 per cent of the US Gross Domestic Product (GDP)."
This to add (June 15, 2009): Japan is dropping it's investment in long0term US debt; they are running from the bonds after all! See: Foreign demand for long-term U.S. financial assets fell in April as both China and Japan trimmed their holdings of Treasury securities.
The Treasury Department said Monday that net purchases of stocks, notes and bonds obtained by foreigners fell to $11.2 billion in April, from $55.4 billion in March.
China, the largest holder of U.S. Treasury securities, trimmed its holdings to $763.5 billion in April, from $767.9 billion in March. Japan, the second largest holder of Treasury securities, reduced its holdings to $685.9 billion, from $686.7 billion a month earlier.