Italy Seizes $135 BILLION Treasury Bonds

[nolongerexists]

Dunno if this has been posted already and US media avoid this story like a fire.

Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.


http://www.marketskeptics.com/2009/0...ury-bonds.html

[Twoface31]

wow sound strange!!!

[sexykat]

Holy Shit! That's a lot of money. If that is real, it's pretty crazy.

[Manowar]

holy fucking shit

[u-Bob]

I wonder why police searched them at the Swiss border...

[seeandsee]

hmmm strange shit

[borked]

I wonder why police searched them at the Swiss border...

because Switzerland isn't in Europe and so its borders are patrolled. Sounds like the Italian financial police were onto something, prolly through Interpol and had the opportunity to search and went for it.

Or it was one hell of a chance find, because it's not uncommon to have the border police go through your things entering/leaving Switzerland...

[Sethseekstruth]

Ehhh guess someone was trying to hide a lot of money

[woj]

sucks to be them... heh

[borked]

fake or real bonds, some interesting thoughts on that link, particularly on media suppression. Haven't heard anything about it either on the european news...

[u-Bob]

because Switzerland isn't in Europe and so its borders are patrolled. Sounds like the Italian financial police were onto something, prolly through Interpol and had the opportunity to search and went for it.

Or it was one hell of a chance find, because it's not uncommon to have the border police go through your things entering/leaving Switzerland...

Switzerland is in Europe, it's not part of the EU. However it is a member of the European Free Trade Association and joined the Schengen zone last year. So it's very unusual for Italian police to go through peoples baggage looking for secret compartments.

So either they were tipped off or...

[cykoe6]

Really interesting story. Too bad there is no longer an independent media in the US to investigate.

[nolongerexists]

looks like some country was going to get rid of the US bonds in a quiet way.. :-) Anyway, did u know that 40% of the loot goes to the italy? nice, in these times. ;-)

[minddust]

WTF my grand father had one in the bottom of his old oily tool box!

[Brent 3dSexCash]

Fascinating story, as this story could blow up huge. Japan might be losing faith in the US$, so they could have had two agents covertly attempt to sell the bonds on the dl to prevent alarm bells from going off. If this is true the dollar will surely collapse and America=Zimbabwe. Potential Pump and Dump operation here as the Japanese Treasury Secretary was out on the wires this week proclaiming their faith in US treasuries was "unshakable".

That being said...the far more likely scenario is that these guys were North Korean agents and the bonds were forged. NK has been forging dollars for years and Kim Jong Il is a fan of these amateurish cloak and dagger operations. Still, this has to be considered an act of financial terrorism and a direct provocation of the US.

It reeks of North Korean retardedness.

[borked]

Switzerland is in Europe, it's not part of the EU. However it is a member of the European Free Trade Association and joined the Schengen zone last year. So it's very unusual for Italian police to go through peoples baggage looking for secret compartments.

So either they were tipped off or...

Yeah, sorry, slip of the fingers - being in continental Europe myself, I know Switzerland is actual *in* Europe, but not part of the EU. my bad

And, no it's not unusual at all - we went from France to Switzerland to Germany last year and on both sides had all our bags searched thoroughly. Border control can search anything and everything.

[JJdotAM]

US media avoid this story like a fire

Why is that

[STAROTICA]

and here i thought that a wire tranfer of $10,000.00 would raise a red flag or TWO!