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Italy seizes $135B of US bonds from two Japanese citizens
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bacasper



Joined: 26 Mar 2007

PostPosted: Wed Jun 17, 2009 5:59 pm    Post subject: Reply with quote

Does anyone even read the mainstream media anymore? I think they just report on each other now.

Isn't it like Yogi Berra once said: "Its so crowded, nobody goes there anymore"?
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Kikomom



Joined: 24 Jun 2008
Location: them thar hills--Penna, USA--Zippy is my kid, the teacher in ROK. You can call me Kiko

PostPosted: Sun Jun 21, 2009 4:32 pm    Post subject: Reply with quote

A Treasury spokesman says the bonds are fake.

June 18 (Bloomberg)
U.S. Says Bonds Seized in Italy Are �Clearly Fakes�

So I guess the obvious questions are... who faked them, and what happened to the two Japanese trying to smuggle them, and... what were they planning to do with them?
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Sun Jun 21, 2009 4:35 pm    Post subject: Reply with quote

Kikomom wrote:
A Treasury spokesman says the bonds are fake.

June 18 (Bloomberg)
U.S. Says Bonds Seized in Italy Are �Clearly Fakes�

So I guess the obvious questions are... who faked them, and what happened to the two Japanese trying to smuggle them, and... what were they planning to do with them?


Treasury says they're fake, or at least the pictures of them on the internet appear to be fake. Yes, that's right. Nobody has apparently found it useful to head over there and take a peek. Or, if they have, they're being dishonest.
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Rusty Shackleford



Joined: 08 May 2008

PostPosted: Sun Jun 21, 2009 4:42 pm    Post subject: Reply with quote

Kikomom wrote:
A Treasury spokesman says the bonds are fake.

June 18 (Bloomberg)
U.S. Says Bonds Seized in Italy Are �Clearly Fakes�

So I guess the obvious questions are... who faked them, and what happened to the two Japanese trying to smuggle them, and... what were they planning to do with them?


There is so much more to this story than what we are hearing. Why would you counterfeit something that is so easy to verify that it is fake?

http://market-ticker.denninger.net/archives/1142-The-Bond-Saga-It-Gets-More-Odd.html
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bacasper



Joined: 26 Mar 2007

PostPosted: Mon Jun 22, 2009 9:27 am    Post subject: Reply with quote

Shocked Shocking! Shocked

bacasper wrote:
You mean they can say they are real and be on the hook for $134 billion, or fake and get off scot-free?
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