2 Japanese Detained with $134 Billion in Bonds [Archive]

gilly

11-06-2009, 01:07 PM

TWO JAPANESE CITIZENS CARRYING $134 BILLION WORTH OF UNDECLARED, POSSIBLY COUNTERFEIT U.S. BONDS DETAINED IN ITALY WHILE TRYING TO ENTER SWITZERLAND; ITALIAN AUTHORITIES ARE TRYING TO DETERMINE IF THE BONDS ARE AUTHENTIC

June 11th, 2009

There is a news blackout on this story. Please nail this one to the foreheads of the mainstream financial press until they cover it.

I am requesting an accurate English translation of the press release that was issued by the Guardia Italiana di Finanza (Italian Financial Police) on 4 June 2009 about this incident. If you have the ability to provide all of us with an accurate English translation of this press release, please contact me. Here is a machine translation of the press release.

Lagavulin submitted this Asia News Italy to the Cryptogon Subreddit two days ago. Here is the full text:

06/08/2009 15:18
ASIA – ITALY
US government securities seized from Japanese nationals, not clear whether real or fake Bonds worth US$ 134.5 billion are seized. This is the largest financial smuggling case in history. But are they real? Concern over ‘funny money’ or counterfeit securities is spreading in Asia. The international press is silent.

Milan (AsiaNews) – 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.

Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.

What caught the policemen’s attention were the billion dollar securities. Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.

The question now is who could or would counterfeit or smuggle these non-negotiable bonds.

In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.

If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy’s eliminate its public deficit.

If the certificates are fakes the two Japanese nationals could get a very lengthy jail sentence for fraud.

As soon as the seizure was made the US Embassy in Rome was informed. Italian and US secret services were called in to assist the Italian financial police.

Some important international financial newspapers had already reported on the existence of ‘funny money’ circulating on parallel, i.e. unofficial, financial markets.

For AsiaNews a few points need considering:

1. When it comes to Italy the world press has tended to focus on Italian Prime Minister Berlusconi’s personal problems rather than on stories like the bonds smuggling affair which has been front page on Italian newspapers.

2. The fear of counterfeit bonds and securities has spread across Asia with the result that real securities are also considered with suspicion.

3. During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared. The main difference though is that 65 years ago the world was involved in a bloody war, which is not the case today.

I was not able to find ANY English language translation of this story until today.

This is from Kyodo News Service, reposted on Japan Today:

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

Thursday 11th June, 06:18 AM JST

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.

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.

Here is the Italian language press release from Guardia Italiana di Finanza (Italian Financial Police) on 4 June 2009:

Sequestrati a Chiasso titoli USA per novantasei miliardi di euro
Milano, 4 giu. (Adnkronos)

Duecentoquarantanove bond della Federal Reserve statunitense, del valore nominale di 500 mln di dollari ciascuno, piu’ 10 bond Kennedy da 1 mld di dollari ciascuno, occultati nel doppio fondo di una valigia, per un totale di ben 134 mld di dollari, pari a oltre 96 mld di euro.

E’ quanto hanno sequestrato alla stazione ferroviaria internazionale di Chiasso, al confine tra Svizzera e Italia, funzionari della Sezione Operativa Territoriale di Chiasso, in collaborazione con i militari della Guardia di Finanza del Gruppo di Ponte Chiasso, nel corso dei controlli volti al contrasto del traffico illecito di capitali.

I valori erano posseduti da due cinquantenni giapponesi scesi alla stazione ferroviaria di Chiasso da un treno proveniente dall’Italia che, al momento del controllo doganale, hanno sostenuto di non avere nulla da dichiarare.

Un’accurata verifica dei bagagli ha consentito invece di trovare i titoli Usa, occultati sul fondo di una valigia, in uno scomparto chiuso e separato da quello contenente gli indumenti personali.

Oltre ai titoli, i due giapponesi trasportavano una cospicua documentazione bancaria in originale.

Per i bond e la documentazione che li accompagnava, anch’essa sottoposta a sequestro, sono in corso indagini volte a stabilirne autenticita’ e provenienza. Qualora i titoli risultassero autentici, in base alla vigente normativa, la sanzione amministrativa applicabile ai possessori potrebbe raggiungere i 38 miliardi di euro, pari al 40% della somma eccedente la franchigia ammessa di 10mila euro.

{edit} http://cryptogon.com/?p=9095

yozhik

11-06-2009, 01:40 PM

The penalty for violating the law is 40 per cent of the money seized.

If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy’s eliminate its public deficit.

Piracy on the open seas of commerce ... :rolleyes:

Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.

Is the reason for silence due to possible diplomatic immunity?

real6

11-06-2009, 02:19 PM

yozhik

11-06-2009, 02:35 PM

Here is the most interesting issue ...

Italian authorities have not yet determined whether they are real or fake.

If they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.

It is also historically established that some central banks issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared.

We need to read this and fully understand the implications of it.

The bonds are in denominations only relevant to transactions at state level.
The bonds are US bonds.
If they are fake; it implicates the Fed in state level counterfeit and points to manipulation of money supply.

breezinreezin

11-06-2009, 02:49 PM

If somebody works it all out, could they translate it all into noddy language for me. I'm crap with anything financial.

decim

11-06-2009, 03:04 PM

A japanese war chest?

decim

11-06-2009, 05:41 PM

Home land security issue?

http://www.nationalterroralert.com/updates/tag/us-bonds/

spiraltrance

11-06-2009, 05:51 PM

:eek:

you have urls for the original story?

decim

11-06-2009, 05:55 PM

:eek:

you have urls for the original story?

http://www.gdf.it/gdf__informa/notizie_stampa/adnkronos/adnkronos_2009/adnkronos_giugno_2009/info-1518911049.html

http://www.japantoday.com/category/crime/view/2-japanese-carrying-134-bil-worth-of-us-bonds-detained-in-italy

spiraltrance

11-06-2009, 06:30 PM

Thanks ^

gilly

11-06-2009, 06:34 PM

:eek:

you have urls for the original story?

Sorry - edited OP too add link. :o

yozhik

11-06-2009, 06:50 PM

If somebody works it all out, could they translate it all into noddy language for me. I'm crap with anything financial.

Bonds are issued by Treasury and used to raise money supply.
They are a debt.

So if a country needs 100 million, they can issue government bonds to the value of the 100 million, and then auction them.

Typical bond might be a 5 year government bond, with a yield of 4% p.a (hypothetical)

This means that the holder of the bond (whoever bought it at the auction) will be given the 4% interest each year as the dividend and then the value of the bond at the end of the 5 year period.

What this does is effectively increase the money supply ... which then impacts on a whole lot of financial matters ... inflation, foreign exchange rates, etc, etc

Now ... if the central bank has issued FAKE bonds, by duplicating the serial numbers et al ... then it means it is hiding the true number for money supply.

It is fraud at country level.

It means that there are two (or more) bonds with the same serial numbers.
This would double the actual money supply than the official figure.

Again, hypothetically ... if the US has issued fake bonds through the central bank, then it means the debt is actually greater than being reported.

This would greatly impact on the true value of the dollar.
Also the risk of default on those bonds.

Ian2day

11-06-2009, 07:47 PM

Bonds are issued by Treasury and used to raise money supply.
They are a debt.

So if a country needs 100 million, they can issue government bonds to the value of the 100 million, and then auction them.

Typical bond might be a 5 year government bond, with a yield of 4% p.a (hypothetical)

This means that the holder of the bond (whoever bought it at the auction) will be given the 4% interest each year as the dividend and then the value of the bond at the end of the 5 year period.

What this does is effectively increase the money supply ... which then impacts on a whole lot of financial matters ... inflation, foreign exchange rates, etc, etc

Now ... if the central bank has issued FAKE bonds, by duplicating the serial numbers et al ... then it means it is hiding the true number for money supply.

It is fraud at country level.

It means that there are two (or more) bonds with the same serial numbers.
This would double the actual money supply than the official figure.

Again, hypothetically ... if the US has issued fake bonds through the central bank, then it means the debt is actually greater than being reported.

This would greatly impact on the true value of the dollar.
Also the risk of default on those bonds.

So in other words an official from within the fed has decided to fleece as much as they can for personal gain. Hiding behind their job to CON the mark in this Sting. The higher up that someone is the bigger the scam they're trying to pull. We're awash with revelations of huge fraud at the moment in the media. tptb deffinitely want the public to riot.

yozhik

11-06-2009, 08:02 PM

So in other words an official from within the fed has decided to fleece as much as they can for personal gain. Hiding behind their job to CON the mark in this Sting. The higher up that someone is the bigger the scam they're trying to pull. We're awash with revelations of huge fraud at the moment in the media. tptb deffinitely want the public to riot.

No.

An "official at the Fed" would not have the authority to do this.
If true, it is an executive decision.

Auction for USD$100,000,000 (hypothetically)
Issue USD $50,000,000 in duplicated government bonds.

$100,000,000 into treasury coffers ... only $50,000,000 registered into public debt/money supply.

Basically it is "cooking the books" at the highest level.
This would need to be at the "Bernanke and Geithner" seniority.

yozhik

11-06-2009, 10:10 PM

Have just come across a very interesting point regarding this;

In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.

Technically, Treasury Bonds are not "money".
They are debt notes or security certificates.
They are registered and non-negotiable.

I'm not convinced that a bond would be regarded as money and therefore be subject to money laundering regulations, which usually is limited to cash - especially the €10,000 amount being reported.

Something does not smell right. :rolleyes:

el jefe

11-06-2009, 10:56 PM

This is very very interesting. Keep on top of this guys!

yozhik

12-06-2009, 12:01 AM

Just another thought ... if they were actual counterfeit bonds, there wouldn't be any $1 Billion bond denominations.

Given how rare and specific this denomination is; no counterfeiter would even consider printing them.

Most counterfeits are done in the common denominations.
Look at currency counterfeiting; most of it is done in the smaller, common, every day, garden variety denominations ... 5, 10 and 20.

A "good" counterfeiter wouldn't even consider printing off a batch of 50's and 100's (in the UK). It would attract too much attention and scrutiny.

So given that this would have to have been a VERY good counterfeiting job (they were described as being undistinguishable from a genuine bond); an amateur mistake of printing a denomination only used in nation transactions, would be unheard of.

In my opinion, third party counterfeiting can be pretty much ruled out.

el jefe

12-06-2009, 12:05 AM

Great point ^

the nine

12-06-2009, 04:06 AM

I have been wondering where all the money from quantitive easing is? who gets it? has it been stolen/imbezzled to a private swiss bank?
or could this be the banks bail outs going to private swiss banks?

hmmm
this really is fishy..BNP win..paedophile nursery.. kaka/ronaldo sold in the two bigest transferes in history..the timing says smoke screens!!!

batou

12-06-2009, 04:52 AM

"In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.

If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy’s eliminate its public deficit."

Crooks robbing crooks. The irony!

decim

12-06-2009, 04:55 AM

siriusc

12-06-2009, 05:40 AM

Have just come across a very interesting point regarding this;

Technically, Treasury Bonds are not "money".
They are debt notes or security certificates.
They are registered and non-negotiable.

I'm not convinced that a bond would be regarded as money and therefore be subject to money laundering regulations, which usually is limited to cash - especially the €10,000 amount being reported.

Something does not smell right. :rolleyes:

Depending upon their original points of entry they might. You have to declare anything of value and the fact they were smuggled indicates they were trying to avoid normal channels, my guess duties/taxes. Why they weren't couriered is strange.

yozhik

12-06-2009, 09:48 AM

Depending upon their original points of entry they might. You have to declare anything of value and the fact they were smuggled indicates they were trying to avoid normal channels, my guess duties/taxes. Why they weren't couriered is strange.

Why were they in $1 Billion denominations, specifically reserved for transactions of "state" status.

THAT'S strange.

astrochicken

12-06-2009, 10:22 AM

i'm thinking the bush family, the cia and drugs.

yozhik

12-06-2009, 12:24 PM

1. Not counterfeit - denominations make no sense for a counterfeit scenario.

2. Not theft - no private company would hold USD$134.5 Billion in Treasury Bonds and, if stolen by management, it would be all over the mainstream media as another huge example of the fat cats stealing from the communal trough in this "global financial crisis".

3. IF genuine bonds ... nation status denomination is the "can of worms". Why would two men be carrying US Treasury Bonds sourced from a sovereign state, into Switzerland?

4. IF fake bonds ... given the suggestion is that they are printed from source, why are US Treasury Bonds being duplicated? That is not a can of worms; its a pellet of snakes. How many bonds have been duplicated? How long has this cooking of the U.S National Debt been going on? How much USD is REALLY in circulation?

This SHOULD be front page news.
Instead, its been buried and suppressed for over a week.
Why?

leviathanstaar

12-06-2009, 12:33 PM

Japans share of the coming fake-wars funding?

yozhik

12-06-2009, 12:47 PM

Japans share of the coming fake-wars funding?

If "two Japanese men" were carrying Japanese government registered US Treasury Bonds, then chances are this would be a "diplomatic issue".

Might explain the secrecy and mainstream media blackout.

Doesn't explain why Japan was smuggling bonds into Switzerland, via Italy.

dumping USD?
transferring to B.I.S ?

decim

12-06-2009, 07:12 PM

06/12/2009

The two men, reported to be more than 50 years old, were traveling by train from Italy to Switzerland on June 3. Financial police at a control on the border found the documents tucked inside a closed section at the bottom of their suitcase, separate from their personal items. According to their statement, the men's luggage included 249 government bonds worth $500 million and 10 so-called Kennedy bonds, each worth a billion dollars.

But details of the case remain unclear: The Japanese embassy in Rome confirmed the arrest of the two men but the news agency Bloomberg reported on Friday that it was not yet established whether they were Japanese citizens.

http://www.spiegel.de/international/zeitgeist/0,1518,630158,00.html

zero1

12-06-2009, 08:17 PM

Amazing how MSM has failed to report this. Amazing.

dynamicwiseman

12-06-2009, 08:32 PM

They were trying to start another Japanese Motor franchise, or maybe they wanted to "buy" General Motors or Fiat??

yozhik

12-06-2009, 09:39 PM

With the denominations of the bonds, this wasn't a private company event.
The police report clearly indicates that there were bonds with USD$1 Billion denominations.
These are reserved for state/nation transactions.

It feels this is more than two japanese businessmen taking some bonds cross border ... a LOT more.

... and yes - why isn't this all over the front pages???

Shit - some measly bonuses for AIG executives was front page and lead story on TV for over a week.
Compared to USD$134.5 Billion in bonds - that was pocket change ... and noone is touching it.
Its being avoided as much as the Bilderberg meetings are staged in a cone of silence.

zero1

12-06-2009, 10:02 PM

What if those bonds represent a proportion of the recent TARP Bailout Funds?

Smart money bets the authorities don't know if they're real or not yet, or if they do know; they're hedging their bets on the story dying as quietly as possible.

Either way, if challenged, they'll say they're fake even if they're not.

el jefe

14-06-2009, 07:29 PM

From March 2009:

http://www.politico.com/blogs/joshgerstein/0309/TARP_has_1345_Billion_Left_Treasury_Says.html

The Treasury Department projects a balance of $134.5 billion of the original $700 billion in the federal TARP program to stengthen ailing banks, according to Dow Jones.
The issue emerged as something of a transparency blind spot last week when Treasury Secretary Tim Geithner refused to give an exact figure during testimony on Capitol Hill.
The Treasury estimate is not really a cash-on-hand balance, but a projection that includes $25 billion in expected repayments from banks eager to get out of the program. The department also appears to have shaved to $95 billion its expected cost for the Term-Asset Securities Loan Facility or TALF, originally pegged at $100 billion.
In a trailing indicator of more weekend fun at Treasury, Dow Jones said officials released the estimate Saturday evening.
The news service and a private estimate had put the TARP balance at about $53 billion.

http://www.asianews.it/index.php?l=en&art=15505&size=A

Quote:
Milan (AsiaNews) – There have been new developments with
regards to the story of US$ 134.5 billion in US government
bonds seized by Italy’s financial police at Ponte Chiasso on the
Italian-Swiss border, which AsiaNews reported four days ago.
News about it initially made it to the front page of many Italian
papers, but not of the international press. Since yesterday
though, some reports have published by English-language
news agencies. And some commentators are starting to link
the story to reports in US press dating back to 30 March.

On that date the US Treasury Department announced that it
had about US$ 134.5 billion left in its financial-rescue fund, the
Troubled Asset Relief Program (TARP), whose purpose is to
purchase assets and equity to buttress companies in trouble.
The existence of such means that the Obama administration
may not have to go to Congress for additional funds,
something which is especially important since many lawmakers
have vowed to oppose any requests for more money.

At the same time, Japan’s Kyodo news agency has reported
that the resignation of Japan’s Interior Minister Kunio
Hatoyama might also be related to the Ponte Chiasso affair.
Officially the minister quit as a result of a row over who should
head the state-owned Japan Post, but some sources have
suggested that such a scenario is not very plausible since Mr
Hatoyama was Prime Minister Taro Aso’s main ally in his rise to
the prime minister’s office, and is especially unconvincing since
the ruling coalition government has to face elections in just two
weeks time. Indeed there are many reasons to connect the
Ponte Chiasso incident to the minister’s resignation.

For AsiaNews the incident raises several questions. For
example, why did Italy’s press, of every stripe, first give the
matter great visibility, only to drop it as quickly? Also, if we
are to assume that the bonds are real, why were they in Italy
on their way to Switzerland? If these were the unused TARP
funds why would they be in US Federal Reserve denomination?
Would it not have been better to wait to see how they would be
used before the bonds were issued? If they are authentic and
owned by a foreign state, why were they not transported in a
diplomatic bag, which cannot be inspected at customs? And
what will the Italian government do insofar as the issue
represents an offence under Italian law? Will it impose a fine of
38 billion euros, and run the risk of a row with an ally, or
return the money without any penalty to the rightful owner and
show the world that Italy is some kind of banana republic, a
semi-colonial protectorate that violates its own laws and constitution?

decim

14-06-2009, 07:35 PM

A web star TARP Lie

Good find el jefe

siriusc

14-06-2009, 07:45 PM

The Treasury Department projects a balance of $134.5 billion of the original $700 billion in the federal TARP program to stengthen ailing banks, according to Dow Jones.
The issue emerged as something of a transparency blind spot last week when Treasury Secretary Tim Geithner refused to give an exact figure during testimony on Capitol Hill.
The Treasury estimate is not really a cash-on-hand balance, but a projection that includes $25 billion in expected repayments from banks eager to get out of the program. The department also appears to have shaved to $95 billion its expected cost for the Term-Asset Securities Loan Facility or TALF, originally pegged at $100 billion.
In a trailing indicator of more weekend fun at Treasury, Dow Jones said officials released the estimate Saturday evening.
The news service and a private estimate had put the TARP balance at about $53 billion.

Okay, so the US Govt hired these two Japaneese businessmen to transport the balance to a Swiss bank that was failing.:D TARP strikes again.:rolleyes:

lizzy

14-06-2009, 07:49 PM

Perhaps the 134B will end up exactly where it was heading for....the Rothchilde International Exhange bank, their cut of TARP?

yozhik

14-06-2009, 08:05 PM

If you're looking for the devil incarnate in Switzerland, look no further than the Bank of International Settlements (B.I.S)

lizzy

14-06-2009, 08:06 PM

If you're looking for the devil incarnate in Switzerland, look no further than the Bank of International Settlements (B.I.S)

that's the one,.......thanks yozhik.

yozhik

15-06-2009, 01:09 AM

Imagine ... TARP money being siphoned off and ending up in B.I.S.

Who could ever have imagined such a thing.

:rolleyes:

el jefe

15-06-2009, 06:46 PM

ROME — Italian authorities say they have arrested two Japanese men who allegedly tried to bring $134 billion (C96 billion) worth of undeclared U.S. bonds into Switzerland.

Anti-fraud police in Como, near the Swiss border, said Monday the men hid the bonds in the bottom of a suitcase. They were caught in Chiasso's train station June 3 after an inspection.

Police said the two suspects were carrying a total of 259 bonds, including 10 with a value of $1 billion (C721 million) each and 249 with a value of $500 million (C357 million).

Police said they were checking whether the bonds are authentic. If they are found to be real, the two men could face a fine of C38 billion ($53 billion).

http://www.google.com/hostednews/canadianpress/article/ALeqM5jvPY0YluJr4f1fCk7y_HNGe44LMg

June 12 (Bloomberg) -- Italy’s financial police said they asked the U.S. Securities and Exchange Commission to authenticate U.S. government bonds found in the false bottom of a suitcase carried by two Japanese travelers attempting to cross into Switzerland.

The bonds, with a face value of more than $134 billion, are probably forgeries, Colonel Rodolfo Mecarelli of the Guardia di Finanza in Como, Italy, said today. If the notes are genuine, the pair would be the U.S. government’s fourth-biggest creditor, ahead of the U.K. with $128 billion of U.S. debt and just behind Russia, which is owed $138 billion.

The seized notes include 249 securities with a face value of $500 million each and 10 additional bonds with a value of more than $1 billion, the police force said on its Web site. Such high denominations would not have existed in 1934, the purported issue date of the notes, Mecarelli said. Moreover, the “Kennedy” classification of the bonds doesn’t appear to exist, he said.

The bonds were seized in Chiasso, Italy. Mecarelli said he expects a determination from the SEC “within a few days.”

Its already been a few days....

http://www.blogcdn.com/www.gadling.com/media/2009/06/italianbonds-%5Bgadling%5D.jpg

http://www.bloomberg.com/apps/news?pid=20601101&sid=afJXAA1ahZyo

Saw this as well, probably not related: http://www.guardian.co.uk/business/feedarticle/8559402

zero1

15-06-2009, 06:50 PM

Still no word from MSM about this story, still no word as to whether the bonds are authentic or not...

decim

15-06-2009, 07:04 PM

Still no word from MSM about this story, still no word as to whether the bonds are authentic or not...

Japanese muggings are up.

zero1

15-06-2009, 07:07 PM

Japanese muggings are up.

Ha, LOL! Especially brief-case carrying Japos in Milan, huh? :D:p

decim

15-06-2009, 07:09 PM

Ha, LOL! Especially brief-case carrying Japos in Milan, huh? :D:p

They are currently the only immigrants being welcomed..Zero san..

el jefe

17-06-2009, 12:32 AM

YouTube - Broadcast Yourself.

zero1

17-06-2009, 01:08 AM

http://www.youtube.com/watch?v=1ngToUFBFEQ

Thanks so much for that, El Jefe. :)

Interesting that Glenn Beck chose to cover it, and condemn the lack of coverage the story is (not) receiving in MSM. And on FOX News, too.

Good thing is, it shows that somebody is paying attention, @ least...

meet my maker

17-06-2009, 02:20 AM

Bollocks are those bonds from the Kennedy era or older. $134 Billion is TARP money its to huge and specific an amount. They got caught with their pants down and are putting spin on the story.

Ian2day

17-06-2009, 02:27 AM

Its the money that I'm owed. I was going to purchase Saab with one of the $500 million bonds and save the rest for a rainy day. Anyone got some investment advice for me? :D

zero1

17-06-2009, 01:56 PM

Bollocks are those bonds from the Kennedy era or older. $134 Billion is TARP money its to huge and specific an amount. They got caught with their pants down and are putting spin on the story.

You're right. They've been caught red-handed, and are trying to handle the situation "delicately"...:rolleyes:

yozhik

17-06-2009, 02:18 PM

They're completely ignoring the possibility that the bonds are "fake" insomuch as they were printed by the Treasury, but with duplicate serial numbers.

As has already been posted, the Treasury could issue duplicated bonds, thus raise the capital from the market, but would only have to record officially on the books, the lower amount.

So, issue 1,000,000,000 in duplicated bonds = raise 1,000,000,000 in capital but only record 500,000,000 as national debt.

Print each bond 4x and only 250,000,000 would be "officially" recorded as national debt.

For a Fed that is completely out of control and unaudited, this would be a fairly useful ploy to generate $$$ without devaluing the currency and catapulting into hyperinflation, because the "true" money supply would be hidden.

decim

17-06-2009, 02:22 PM

Question is, what will other governments do when they suss out what the fed have been doing?

yozhik

17-06-2009, 02:26 PM

Question is, what will other governments do when they suss out what the fed have been doing?

They'll continue to do what they've been trying to do.
Dump the USD without sparking off a run on the bank, which will throw the USD off a cliff and render their bonds as monopoly money before they have been able to get rid of their monopoly money.

Gently does it ... gently does it ... get rid of it while it still has some false value, but not too fast so the whole world wakes up to what we're doing ... gently, gently ...

el jefe

17-06-2009, 05:56 PM

Damn I hope youre wrong

decim

17-06-2009, 06:13 PM

They'll continue to do what they've been trying to do.
Dump the USD without sparking off a run on the bank, which will throw the USD off a cliff and render their bonds as monopoly money before they have been able to get rid of their monopoly money.

Gently does it ... gently does it ... get rid of it while it still has some false value, but not too fast so the whole world wakes up to what we're doing ... gently, gently ...

You are right.

What I was implying was that this story blows whoevers cover, whether it is chinese dumping dollars, or if it is the fed conducting some bond double book keeping.

Fed fakes bonds?
Japanese, Chinese, Iranians, Saudis dumping dollars?
Fed duplicating bonds?

The fact they were going to Switzerland implies the bonds were to be secreted away, not sold or traded.

Currency issued, Twice, bonds hidden out of circulation.

elrafaargentino

17-06-2009, 06:36 PM

I usually travel with bonds of the Federal Reserve, i dont see anything unusual.

=)

nonfictionalentity

17-06-2009, 06:45 PM

Yeah, I have some Treasury 'Promise To Pay' Bonds in my wallet and never seem to have a problem :D

real6

17-06-2009, 06:54 PM

http://whitenoiseinsanity.com/2009/06/16/anyone-have-the-foggiest-idea-why-134-billion-in-u-s-treasury-bonds-was-found-in-the-possession-of-two-japanese-men-at-italys-border/

Anyone have the foggiest idea why $134 BILLION in U.S. Treasury Bonds was found in the possession of two Japanese men at Italy’s border?
kayinmaine, on June 16, 2009, at 7:31 am

Glenn Beck mentioned this story yesterday on his radio show. He said no American MSM was talking about it, so it would be interesting to know if he talked about it on his Fox News show last night. The Internet is abuzz about this, of course.

OpEdNews is talking about it, as is, Asia News.

Anyway, if this story is true, then the questions that need to be asked are:

Are the bonds real?

Did the Bush Regime keep tabs on their portion of the TARP money allotted to them last year?

If it’s a government who is behind these bonds (fake or not) and which countries are involved?

Who are these two Japanese men and do they have any connections to Americans?

What is the reason for smuggling this money?

IN SEPTEMBER 2008, THERE WAS A RUN ON THE BANKS WHERE $550 BILLION WAS TAKEN OUT OF OUR MONEY MARKETS IN AN HOUR AND A HALF, so where did that money go? Was it taken out by a few powerful offshore hedge funds, our CIA, or by another country? No one knows and our government did not investigate this!

bigquestionmark

Honestly, when Glenn Beck was talking about this smuggling my mind went back to the beginning days of the Iraq invasion in 2003 when Paul Bremer was given the task to distribute $9 BILLION over in Iraq to start the reconstruction of that country. Well, as far as we know, most of the money is unaccounted for and was passed out without writing down the names/groups of people who received it. In fact, we don’t even honestly know if the $9 BILLION made it to Iraq. For all we know, the same thing happened to this money as the bonds found on the Italian border: COULD HAVE BEEN SWINDLED INTO A SWISS BANK ACCOUNT or somewhere else. My fear when it was known what Bremer had done is Cheney and his Cabal had access to the money. With that kind of money, you could start your own country or military or whatever the hell you want to!

So, who was intended to receive the $134 BILLION had the two Japanese been successful, that is, if it wasn’t going to go in a Swiss Bank?

Anyone have the foggiest idea what this is all about?

* Share/Save/Bookmark

June 16th, 2009 | Tags: 4 billion, Dick Cheney, Economy, George Bush, Japanese Nationals, Politics, U.S. Treasury Bonds | Category: Dick Cheney, Economy, Federal Reserve, Fox News, George Bush, Glenn Beck, Politics | 10 comments
10 comments to Anyone have the foggiest idea why $134 BILLION in U.S. Treasury Bonds was found in the possession of two Japanese men at Italy’s border?

*
kayinmaine
June 16th, 2009 at 7:39 am

This article is interesting too…

http://www.asianews.it/index.php?l=en&art=15505

[emit]…Since yesterday though, some reports have published by English-language news agencies. And some commentators are starting to link the story to reports in US press dating back to 30 March.

On that date the US Treasury Department announced that it had about US$ 134.5 billion left in its financial-rescue fund, the Troubled Asset Relief Program (TARP), whose purpose is to purchase assets and equity to buttress companies in trouble. The existence of such means that the Obama administration may not have to go to Congress for additional funds, something which is especially important since many lawmakers have vowed to oppose any requests for more money.

At the same time, Japan’s Kyodo news agency has reported that the resignation of Japan’s Interior Minister Kunio Hatoyama might also be related to the Ponte Chiasso affair. Officially the minister quit as a result of a row over who should head the state-owned Japan Post, but some sources have suggested that such a scenario is not very plausible since Mr Hatoyama was Prime Minister Taro Aso’s main ally in his rise to the prime minister’s office, and is especially unconvincing since the ruling coalition government has to face elections in just two weeks time. Indeed there are many reasons to connect the Ponte Chiasso incident to the minister’s resignation.

If this money truly was TARP money and is legitimate, then why didn’t the two Japanese men declare it at the border? Doesn’t make sense.

real6

17-06-2009, 06:58 PM

http://pierrelegrand.net/2009/06/14/japans-interior-minister-gone-because-of-discovery-of-134-billion-in-us-bonds-discovered-in-failed-smuggling-attempt-hush-hushlets-not-panic-the-rest-of-the-us-bond-holders.htm

JAPAN’S INTERIOR MINISTER GONE BECAUSE OF DISCOVERY OF $134 Billion IN US BONDS DISCOVERED IN FAILED SMUGGLING ATTEMPT? HUSH HUSH…LET’S NOT PANIC THE REST OF THE US BOND HOLDERS!!!

So this story is looking pretty bad right about now…my feeling is that the second largest US Bond holder, Japan, was trying to unload the bonds. The probable buyer was the US Government itself since above all the US must prevent a panic sell off of US Treasury Bonds. Additionally no government in the world WANTS a run on US Treasuries since so many hold them. It isn’t because they are our allies but merely self interest. If you are holding something you believe will be worthless shortly and you are a Foreign Government holding huge amounts of that soon to be worthless paper then you start trying to unload them anyway you can. And you do it as quietly as possible so that the price holds up. The price here is defined by the value of the dollar. If it were known that the Japanese government was unloading US Bonds in such a fashion the US dollar would collapse leading to the collapse in the value of the rest of the bonds the Japanese and others hold.

Given that the Federal Reserve has already BEEN buying US Treasury Bonds it stands to reason that they are probably trying to buy up those bonds in foreign hands quietly to avoid any sort of panic run.

If my hypothesis is correct we are very close to collapse. If you have doubts about this story then consider the highlighted portion of this post…

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.

Milan (AsiaNews) – There have been new developments with regards to the story of US$ 134.5 billion in US government bonds seized by Italy’s financial police at Ponte Chiasso on the Italian-Swiss border, which AsiaNews reported four days ago. News about it initially made it to the front page of many Italian papers, but not of the international press. Since yesterday though, some reports have published by English-language news agencies. And some commentators are starting to link the story to reports in US press dating back to 30 March.

On that date the US Treasury Department announced that it had about US$ 134.5 billion left in its financial-rescue fund, the Troubled Asset Relief Program (TARP), whose purpose is to purchase assets and equity to buttress companies in trouble. The existence of such means that the Obama administration may not have to go to Congress for additional funds, something which is especially important since many lawmakers have vowed to oppose any requests for more money.

At the same time, Japan’s Kyodo news agency has reported that the resignation of Japan’s Interior Minister Kunio Hatoyama might also be related to the Ponte Chiasso affair. Officially the minister quit as a result of a row over who should head the state-owned Japan Post, but some sources have suggested that such a scenario is not very plausible since Mr Hatoyama was Prime Minister Taro Aso’s main ally in his rise to the prime minister’s office, and is especially unconvincing since the ruling coalition government has to face elections in just two weeks time. Indeed there are many reasons to connect the Ponte Chiasso incident to the minister’s resignation.

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). Thirdly, how the seizure took place is worthy of a Monty Python movie—two well-dressed Japanese men carrying a briefcase travelling in a local train usually used by Italian manual labourers who commute to Switzerland for work had as much chance to go unobserved as two European businessmen travelling in the Congo.

For AsiaNews the incident raises several questions. For example, why did Italy’s press, of every stripe, first give the matter great visibility, only to drop it as quickly? Also, if we are to assume that the bonds are real, why were they in Italy on their way to Switzerland? If these were the unused TARP funds why would they be in US Federal Reserve denomination? Would it not have been better to wait to see how they would be used before the bonds were issued? If they are authentic and owned by a foreign state, why were they not transported in a diplomatic bag, which cannot be inspected at customs? And what will the Italian government do insofar as the issue represents an offence under Italian law? Will it impose a fine of 38 billion euros, and run the risk of a row with an ally, or return the money without any penalty to the rightful owner and show the world that Italy is some kind of banana republic, a semi-colonial protectorate that violates its own laws and constitution?

Whatever the case may be, for Italy’s Prime Minister Silvio Berlusconi it is a heavy burden to bear, given the legal and criminal consequences he might face.

The only people who come out of it well are Italy’s tax cops, reason for them to show off their success on their website.

zero1

17-06-2009, 07:11 PM

They're completely ignoring the possibility that the bonds are "fake" insomuch as they were printed by the Treasury, but with duplicate serial numbers.

As has already been posted, the Treasury could issue duplicated bonds, thus raise the capital from the market, but would only have to record officially on the books, the lower amount.

Yes, that's the trick.

And as Beck said, even if they are fake, it's almost as bad as them being real, cos' some government (it can only be a money-printing body on the level of the private Fed Res) is possibly trying to flood the market with counterfeit money (bonds are money).

decim

17-06-2009, 07:18 PM

Yes, that's the trick.

And as Beck said, even if they are fake, it's almost as bad as them being real, cos' some government (it can only be a money-printing body on the level of the private Fed Res) is possibly trying to flood the market with counterfeit money (bonds are money).

This is a mega story.

The Side stream Media can only ignore for so long.

FTSE from the same date of the story dives..
http://newsvote.bbc.co.uk/nol/shared/fds/hi/business/market_data/chart?chart_primary_ticker=LSE:UKX&chart_time_period=1_month&username=bbc&password=jihoj952&canvas_colour=000000&primary_chart_colour=cc0000&use_transparency=0&plot_colour=ffffff&margin_left=35&margin_bottom=20&margin_right=20&tiny_chart=1&tiny_month_view=1&logo_strength=light&y_axis_left=1&x_axis_plain=1&charting_freq=1_minute&co_dimension^width=629&co_dimension^height=190

Currencies fall on same date..

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/12/img/208+GBP_USD+bbc-big_thick-line+one_month.png

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/12/one_month.stm

Stock markets down also..

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/stockmarket/default.stm

yozhik

17-06-2009, 07:26 PM

This is a mega story.

The Side stream Media can only ignore for so long.

Indeed ... a MEGA story.

The implications are enormous.
The fraud of the century; either way.

If legitimate, a sovereign nation was secretly attempting to dump the USD by taking bonds into Switzerland and probably via the B.I.S (nothing else could handle bonds of this size). Also, according to Beck, there are only 4 nations that hold bonds exceeding USD$134.5 Billion, with China and Japan holding the lion's share. Japanese businessmen offloading Japanese bonds seems to be the most obvious.

But why via Italy?
Most obvious conspiracy link is the Vatican and the Holy See.

If fake, then the Fed/Treasury has colluded in Herculean proportion bond duplication to hide the true extent of the U.S national debt.

Regardless of what Beck et al suggest; I do NOT believe these are counterfeit, in the normal sense of the word. No counterfeiter would make the amateur error of printing bonds in denominations only used in state/nation transactions.

Ian2day

17-06-2009, 08:10 PM

real6

17-06-2009, 08:52 PM

http://deathby1000papercuts.com/2009/06/italys-1345-billion-us-federal-bond-train-caper-think-134-billion-is-big-try-25-trillion/

It’s been over a week since two “Japanese” men were detained on an Italian train near the Swiss border after Italian customs police discovered 134 billion in US Federal Reserve bonds. So far, according to the international press the men have yet to be positively identified as to whether they’re from Japan (they were purportedly carrying Japanese passports) or if Italian prosecutors have ascertained as to whether the bonds are real or counterfeit.

Here’s the link to the Times Online giving more of the scant details of the story.

There are two similar incidents: one in Manila in 2001 where 2.5 trillion in counterfeit bonds were seized in a raid and another in the UK, where a former forensic scientist, a Korean, and a Canadian were caught and convicted of of trying to peddle 2.5 trillion in bogus US Federal Reserve bonds in 2003.

The Manila caper, run by the “Trillion Dollar Gang” was written up by the Times while the UK scheme was published by the UK’s Independent.

As for the MSM, CNN’s blog IReport had a poster named “SuperMax” in Milan post the story about the Italian train mystery. No questions asked and no followup. Must be CNN’s way of “cutting costs” in the newsroom while Asia News had these points to ponder:

1. When it comes to Italy the world press has tended to focus on Italian Prime Minister Berlusconi’s personal problems rather than on stories like the bonds smuggling affair which has been front page on Italian newspapers.

2. The fear of counterfeit bonds and securities has spread across Asia with the result that real securities are also considered with suspicion.

3. During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared. The main difference though is that 65 years ago the world was involved in a bloody war, which is not the case today.

real6

17-06-2009, 08:56 PM

The Trillion Dollar Gang!!!
http://www.time.com/time/business/article/0,8599,100595,00.html

the mountainous jungles of Mindanao, primitive tribesmen stumble upon the wreckage of an American B-17 bomber from World War II. In the twisted fuselage they discover several strongboxes with U.S. government markings. The stacks of printed sheets inside are worthless to the hunter-gatherer tribesmen but not to the city slicker who happens to pass by a few days later�he acquires them in exchange for a few trinkets. At this point in the tale, the narrator reaches into a rusty, banged-up box and pulls out a sheaf of the papers, seemingly yellowed by age: Treasury bonds, worth trillions of dollars. Now the narrator makes his dramatic offer: for a small downpayment, a big piece of this windfall can be yours!

Who would buy a yarn like that? According to the Philippine police, thousands of gullible Filipinos and others did, coughing up millions of real greenbacks to a group of Mindanao fraudsters now dubbed the Trillion Dollar Gang. The numbers could be higher: police say many victims are probably too embarrassed to come forward. They should be red-faced, having fallen for the crudest of cons. Using computers and rudimentary desktop printers, the gang ran off fake U.S. Federal Reserve notes in denominations from $100 million to $500 million. The total: $2.15 trillion, more than the annual American budget. The scam was blown by a joint U.S. Secret Service and Philippine police operation on Feb. 18, when they arrested one Mindanao ex-security guard; they are hunting at least six other suspects, including several foreign nationals.

Going by the number of zeros on their notes, the Trillion Dollar Gang were certainly the most ambitious counterfeiters in history. Their victims didn't know that the U.S. government has never printed a bond larger in value than $10 million; nor did it matter that the fake dollar bills copied onto the bonds were sloppy blurs in which Benjamin Franklin looks like a blob from Mars. They were taken in by the tantalizingly credible story. All the fake bonds were dated 1934 and marked to "mature" 30 years later. Each of the hustlers told his victims the bonds were being demonetarized by the U.S. government, pulled from circulation in a matter of weeks, and that he needed some cash to pay his expenses to Washington, where he would redeem the Federal Reserve note before it expired. In exchange, he offered to pay back 1%�or $1 million to $5 million�on every note cashed in. "It is the scam du jour," says U.S. Secret Service agent David Popp, a former White House bodyguard now stationed in Manila to protect U.S. monetary instruments against an onslaught of hustles, swindles and fakes that have sprung up in the Philippines.

The counterfeiters' tale struck a chord with many treasure-mad Filipinos. Newspaper classifieds routinely advertise the services of psychic fortune hunters, and the four governments since Ferdinand Marcos' regime have embarked on searches for Japanese war loot�reportedly worth billions of dollars in gold and jewels�that was allegedly buried somewhere in the archipelago when General Yamashita Tomoyuki's forces retreated before the Allied invasion in 1945. The "primitive" tribes of Mindanao are often the first to capitalize on this gullibility. Says General Ruben Cabignati, regional military commander based in the town of Cagayan de Oro in Mindanao: "I know of so many smart businessmen who have been tricked by these seemingly innocent natives." It helps that Mindanao's prolonged Muslim separatist insurgency has created a lawless haven for kidnappers, arms sellers, drug traffickers and itinerant counterfeiters.

The first clues to the Trillion Dollar Gang were detected not in Mindanao but in Los Angeles. In early 1998, customs officials found fake Treasury notes hidden in the suitcase of a Filipino Jesuit priest. Investigators eventually traced the fake bonds to a shantytown on the edges of Cagayan de Oro. There, in the home of a security guard named Archie Mingoc, police found a box containing $1.38 trillion in fake bonds and stacks of counterfeit Japanese, Malaysian and Argentinian currency. A raid on the home of his brother-in-law, Renato Waban, yielded an additional $773 billion in bonds. Mingoc swears Waban, who has since disappeared, asked him to stash the box. Police believe Waban, who flew from Cagayan de Oro to Manila twice a week, may have acted as go-between for the Mindanao forgers and the ringleaders, some of whom may be Japanese, Americans and Europeans.

Popp, for one, isn't too upset that only one arrest has been made. It is enough, he says, that the publicity surrounding the bust has alerted Asian countries to look out for the fake U.S. notes. They're the ones with all the zeros.

real6

17-06-2009, 09:18 PM

http://www.***********************/forum1/message815048/pg1#12591321

A link:

[link to market-ticker.denninger.net]

Zerohedge:

[link to zerohedge.blogspot.com]

Friday, June 12, 2009
Zero Hedge Exclusive: Is State Street Trading For Federal Accounts?
Posted by Tyler Durden at 9:54 AM

Zero Hedge has always been fascinated by the behemoths of securities lending (or not so much lately) State Street and Bank Of New York: these firms, which allegedly had just marginal toxic exposure, were in the front lines for the TARP bailout and have traditionally been handled with velvet gloves by the administration. In fact, many would say the custodian firms are in a league of importance much higher than even Goldman or JP Morgan as with their repo activity, security lending and cash collateral reinvestment, they are the de facto center of the shadow banking system.

A Cliff notes version of the stock lenders' Modus Operandi, sent in compliments of a reader:

* In the securities lending arb, stocks and bonds are lent out by custodians and investment managers. The loan is collateralized by the borrower with cash, the lender promises the borrower a return on that cash and then invests the cash in repo and short-term debt at a spread to that promised rate of return. The sec lending market is in the trillions. This market is basically rolling overnight repo right now as it tries to dig itself out of the MTM/liquidity hole.

* Many of the Fed/Treasury balance sheet efforts have been basically attempts to supplant securities lenders. Sec lending funds were the biggest buyers of 1-3yr FRNs (hence, TLGP). Lenders were also the biggest buyers of AAA cards and autos (read TALF 1.0). They were the second-biggest buyers of ABCP after 2a7 funds (ergo AMLF). Indirectly they were the largest funder of LT2 bank debt (via SIVs MTNs). They're large repo counerparties, and did everything from short-dated CDS to liquidity put options on Canadian levered super-senior CDOs.

* Many stock lending funds, which have similar accrual accounting regimes to '40 Act money-market funds, have broken the buck but are still trading at $1. for example see the section beginning "We may be exposed to customer claims" on p.11. What does this mean? Not only are certain securities lending providers opening themselves up to significant litigation risk but, importantly, clients in stocks can't reallocate to bonds (or vice-versa), since the sec lending funds aren't letting them out (except in-kind). Finally, of course, as long as sec lenders remain hurt but unsupplanted, they stay short duration, which extracts hundreds of billions of $$ in term financing capacity out of the market. Fed won't act as a lender of last resort since they're still smarting from the AIG sec lending bail-out they didn't see coming.

It is no surprise that in order to incite a return to pre-Lehman economic levels (the administration's #1 goal bar none), not only the stock market would have to much higher from its March lows (a task largely accomplished through market increases on disappearing breadth, liquidity extraction by the likes of Goldman Sachs, and assorted last minute inexplicalbe ramp ups in the various futures and ETF markets), but also the shadow system would have to be back with a vengeance. And while new mechanisms to achieve this such as securitization replacement alphabet soups have yet to prove their efficacy, the real heart of the shadow banking system Frankenstein is and has always been the repo market.

Which is why we were greatly troubled when we learned recently on good authority that Federal representatives may have opened multiple undisclosed-type accounts with none other than State Street Global Advisors over the past few months. All of these accounts are allegedly handled by one single trader, who is cocooned and isolated from interaction with other partners.

Zero Hedge can, as of yet, not vouch for this being 100% factual and is asking readers who may have additional knowledge of the situtation to please come forward and share their views (tips@zerohedge.com). If, indeed, the Federal Reserve or other derivatives of the administration, are now directly involved in trading, managing repo terms, stock lending, collateral distribution and other liquidity-crucial aspects of what was once an efficient market, then indeed this rally could be written off not merely as the biggest short covering rally of all time, but one that has been explicitly orchestrated by those who should be most impartial to an efficiently working market.

Zero Hedge is investigating.

yozhik

17-06-2009, 09:43 PM

Someone would have to be a criminal genius to dream up such a scam. Who has such a mind.

Gee ... I wonder :rolleyes:

Probably the same "criminal genius" minds that thought up the whole Fed Reserve, IMF, etc scam.

yozhik

17-06-2009, 09:45 PM

3. During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared. The main difference though is that 65 years ago the world was involved in a bloody war, which is not the case today.

I've highlighted it before, but its worth highlighting again.

real6

17-06-2009, 10:19 PM

I've highlighted it before, but its worth highlighting again.

Must have missed it. I know i probably over looked a few things by posting alot of stuff but people have to beware of THE SCAM!!!!!!!

Also i think this:

Could Obama & Japan’s Interior Minister Kunio Hatoyama be involved plus the internationa bankers 'Which they are"?

http://wasatchecon.wordpress.com/2009/06/13/border-bust-equals-possible-international-incident-missing-tarp-funds/

The WSJ reported on March 30 that Treasury Has $134.5 Billion Left in
TARP…”The Treasury Department said it has about $134.5 billion left in
its financial-rescue fund, giving the Obama administration a cushion
as it implements expensive programs aimed at unlocking credit markets
and boosting ailing industries”….

And this is what these 2 Japanese business men had in a suitcase...

Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.

decim

17-06-2009, 10:26 PM

Must have missed it. I know i probably over looked a few things by posting alot of stuff but people have to beware of THE SCAM!!!!!!!

Also i think this:

Could Obama & Japan’s Interior Minister Kunio Hatoyama be involved plus the internationa bankers 'Which they are"?

http://wasatchecon.wordpress.com/2009/06/13/border-bust-equals-possible-international-incident-missing-tarp-funds/

The WSJ reported on March 30 that Treasury Has $134.5 Billion Left in
TARP…”The Treasury Department said it has about $134.5 billion left in
its financial-rescue fund, giving the Obama administration a cushion
as it implements expensive programs aimed at unlocking credit markets
and boosting ailing industries”….

And this is what these 2 Japanese business men had in a suitcase...

Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.

Yes worth highlighting.

$134.5 Billion Left TARP The Treasury Department Japanese Detained with $134 Billion in Bonds $134.5 Billion Left TARP The Treasury Department Japanese Detained with $134 Billion in Bonds $134.5 Billion Left TARP The Treasury Department Japanese Detained with $134 Billion in Bonds $134.5 Billion Left TARP The Treasury Department Japanese Detained with $134 Billion in Bonds $134.5 Billion Left TARP The Treasury Department Japanese Detained with $134 Billion in Bonds $134.5 Billion Left TARP

zero1

17-06-2009, 10:57 PM

Thanks and praise to Real6 for his awesome, diligent work on this thread. :)

Sure if the relevant authorities were to look here @ this thread, they might find some leads from some of the great posts and links here. ;)

yozhik

18-06-2009, 02:32 AM

Friday, June 12, 2009
Zero Hedge Exclusive: Is State Street Trading For Federal Accounts?
Posted by Tyler Durden at 9:54 AM

Tyler Durden???
Isn't that the name of the character in Fight Club?

decim

18-06-2009, 03:33 AM

Tyler Durden???
Isn't that the name of the character in Fight Club?

yes

signalnorth

18-06-2009, 09:30 AM

Ninja's?!!!

h2pogo

18-06-2009, 01:02 PM

bloomberg tv just talked about these bonds,said they were fake kennedy bonds.
i take any thing bloomberg says with a ton of salt tho.
yes i am very sad

yozhik

18-06-2009, 01:23 PM

bloomberg tv just talked about these bonds,said they were fake kennedy bonds.
i take any thing bloomberg says with a ton of salt tho.
yes i am very sad

"fake" also means "indistinguishable from genuine bonds".
i.e. bonds printed by the Treasury but with duplicate serial numbers, although printed at source, would still be classified as "fake".

So, they may well be "fake" Kennedy bonds.
However, they could still have been printed by Treasury, for an official treasury bond auction.

Key points;

1. There were $1 Billion denominations amongst the bonds. These are specific to state/nation transactions.

2. No true counterfeiter would make the "amateur" mistake of printing rare denominations; most counterfeiting of currency is in the commonly used, lower denominations (5, 10, 20) to limit the "wow" factor. Billion dollar bonds will (did) attract attention. This was not an amateur operation.

3. The amount of bonds;

only 4 sovereign nations have this amount of US Treasury Bonds
coincidentally the EXACT figure as was left in the TARP funds balance.

Nope.
Sorry.
Not buying it yet.
Something still stinks.

h2pogo

18-06-2009, 01:47 PM

"fake" also means "indistinguishable from genuine bonds".
i.e. bonds printed by the Treasury but with duplicate serial numbers, although printed at source, would still be classified as "fake".

So, they may well be "fake" Kennedy bonds.
However, they could still have been printed by Treasury, for an official treasury bond auction.

Key points;

1. There were $1 Billion denominations amongst the bonds. These are specific to state/nation transactions.

2. No true counterfeiter would make the "amateur" mistake of printing rare denominations; most counterfeiting of currency is in the commonly used, lower denominations (5, 10, 20) to limit the "wow" factor. Billion dollar bonds will (did) attract attention. This was not an amateur operation.

3. The amount of bonds;

only 4 sovereign nations have this amount of US Treasury Bonds
coincidentally the EXACT figure as was left in the TARP funds balance.

Nope.
Sorry.
Not buying it yet.
Something still stinks.

and of course bloomerg tv failed to mention these great point you raised.
just thought if the assasination of kennedy failed may be there was a contingency plan to screw the economy by flooding the market with fake money before kennedy went back to the gold/silver standard.
then they could say his policy didnt work.
just a thought.

h2pogo

18-06-2009, 02:04 PM

another thought how much was 130 billion worth back in the 60s??

yozhik

18-06-2009, 02:08 PM

Is there any confirmation that a "Kennedy Bond" actually means it is from the Kennedy era?
When I first read this (Page 1), I interpreted a "Kennedy Bond" to be the denomination, not the date of issue.

To support this comes this from Bloomberg;
‘Kennedy Bonds’

Counterfeit $100 bills are one thing; two guys with undeclared bonds including 249 certificates worth $500 million and 10 “Kennedy bonds” of $1 billion each is quite another.
Seems to suggest that a Kennedy Bond is the denomination; I could be wrong though.

Some more telling observations made in the same article;
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.
Think about it: These two guys were carrying the gross domestic product of New Zealand or enough for three Beijing Olympics. If economies were for sale, the men could buy Slovakia and Croatia and have plenty left over for Mongolia or Cambodia.
These men carrying bonds concealed in the bottom of their luggage also would be the fourth-largest U.S. creditors.
It would be terrible news for the White House. Other than the U.S., China or Japan, no other nation could theoretically move those amounts.
On his blog, the Market Ticker, Karl Denninger wonders if the Treasury “has been surreptitiously issuing bonds to, say, Japan, as a means of financing deficits that someone didn’t want reported over the last, oh, say 10 or 20 years.”
This is still a story with far more questions than answers. It’s odd, though, that it’s not garnering more media attention. Interest is likely to grow. The last thing Geithner and Federal Reserve Chairman Ben Bernanke need right now is tens of billions more of U.S. bonds -- or even high-quality fake ones -- suddenly popping up around the globe.

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

real6

18-06-2009, 02:23 PM

and of course bloomerg tv failed to mention these great point you raised.
just thought if the assasination of kennedy failed may be there was a contingency plan to screw the economy by flooding the market with fake money before kennedy went back to the gold/silver standard.
then they could say his policy didnt work.
just a thought.

And remember, the F.E.D. killed Kennedy over HR 2755...

We cant forget that!!!

The private Federal Reserve owners don’t have a trillion dollars to lend the Government, nor do they need it. All they do is create it, via a bookkeeping entry, and write a check to the U.S. Government as the loan in exchange for the U.S. Bonds. The U.S. Government banks at the Federal Reserve Bank so cashing this check is very easy.

--FDRS

http://existentialistcowboy.blogspot.com/2008/09/three-reasons-jfk-was-murdered.html

h2pogo

18-06-2009, 02:27 PM

Is there any confirmation that a "Kennedy Bond" actually means it is from the Kennedy era?
When I first read this (Page 1), I interpreted a "Kennedy Bond" to be the denomination, not the date of issue.

only have what bloomberg said(to be taken with a ton of salt)
which was implying they were well old.
just found an article

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=asY7iT9pfocQ

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

yozhik

18-06-2009, 02:27 PM

And remember, the F.E.D. killed Kennedy over HR 2755...

We cant forget that!!!

HR 2755?
Isn't that the one sponsored currently by Ron Paul (R-TX)?

Do you mean JFK's Executive Order 11110?

real6

18-06-2009, 02:29 PM

HR 2755?
Isn't that the one sponsored currently by Ron Paul (R-TX)?

Do you mean JFK's Executive Order 11110?

Shit, i mixed up things. Grrrrrrrrrrrrrrrrrrrrrrr

It's too early for me right now.

http://www.john-f-kennedy.net/executiveorder11110.htm

real6

18-06-2009, 05:25 PM

Mystery surrounding 134.5 “fake” billion US dollars seized in Ponte Chiasso remains

http://www.asianews.it/index.php?l=en&art=15556

After two weeks a US Treasury official says securities were fakes. Italy’s financial police is silent. The case is still baffling and full of discrepancies.

Milan (AsiaNews) – US government bonds seized by Italy’s financial police (Guardia di Finanza) at Ponte Chiasso, an the Italian town on the border with Switzerland, are “clearly fakes,” Stephen Meyerhardt, spokesman for the US Bureau of the Public Debt, is quoted as saying in a news report by the Bloomberg agency. AsiaNews contacted the divisional headquarters of Italy’s financial police in Como, which is responsible for Ponte Chiasso, asking for an explanation but none has come forth yet.

For some days the affair has been in the limelight [1]. Importantly, at the time of the bonds were seized it was not possible to determine whether the US government bonds and US Federal Reserve certificates were real of fakes.

Right after the seizure Colonel Mecarelli, Guardia di Finanza commander in Como, said that for at least some of the securities, especially the ‘Kennedy Bonds’, there were doubts about their authenticity. As for the others, some were so well made that it was hard to tell them apart from real ones.

The seizure was carried out two weeks ago. The bonds were in the possession of two Oriental-looking individuals in their fifties with Japanese passports. The two men, were travelling from Milan to Chiasso, in Switzerland, on a local train used primarily by Italian workers commuting to-and-fro Switzerland for work.

At the customs office both men said they had nothing to declare but a check by financial police agents revealed a false bottom in their respective suitcases, each containing a fortune in US securities.

Also inside the agents found extensive and detailed original bank documents about the bonds.

If the latter were real the two Asian men had in their possession (although not necessarily in their ownership) a big chunk of the US debt which would have made them the fourth largest creditors of the United Sates.

Despite what US Treasury spokesman Meyerhardt said, and until more information is forthcoming from Italy’s financial police in Como for AsiaNews the mystery is still there.

Under Italian law when law enforcement agencies seize fake bonds or counterfeit money they are under the obligation to arrest the bearers. And in order to avoid misappropriation, the agency seizing the material, in this case the financial police, must quickly proceed to its destruction (i.e. incineration).

However, in case of real securities, after the securities holders are identified, the financial police must release them immediately after issuing a statement of confiscation and imposing a fine valued in this case at € 38 billion (US$ 53.4 billion). In this case, why were the two men released right away without any fine imposed?

That is not the only discrepancy. It is not clear how statements by US Treasury spokesman Meyerhardt and Italian financial police can be reconciled. For the former the bonds “are clearly fakes”; for the latter, speaking at the start of this whole affair, some bonds were indistinguishable from the real ones when it comes to quality and detail.

Italy’s Guardia di Finanza has a reputation for being a highly specialised and expert financial police agency. How could it be so easily duped! And if the bonds are “clearly fakes” why did it take US authorities two weeks to find out.

Another discrepancy is the fact that, along with the securities, original and recent bank documents were seized as proof of their authenticity.

If what Meyerhardt says is true, some major financial institutions have been deceived by the securities carried by the two Asian men. This would be a bombshell and raise serious questions as to how many bank assets are actually made up of securities that for Meyerhardt are “clearly fakes.”

If counterfeit securities of such high quality are in circulation the world’s monetary system, let alone that of the United States, is in danger. International trade and exchanges could come to a halt.

Whether it is counterfeit money or money laundering, what happened is potentially more dangerous for the stability of the international system than the results of Iran’s elections.

If the bonds are real it means someone with a lot of cash no longer trusts the US dollar as a reserve currency. If this is the case then it would spell the end of the Bretton Woods system and most likely negatively impact world trade.

Unfortunately the international press and main TV networks, with some exceptions, have ignored the whole affair. These days this is actually the real news.

[1] See “US government securities seized from Japanese nationals, not clear whether real or fake,” AsiaNews, 8 June 2009, and “Seizure of US government bonds from two Japanese men in Italy raises questions,” AsiaNews, 8 June 2009.

real6

18-06-2009, 05:51 PM

http://www.prisonplanet.com/strange-inconsistencies-in-the-1345-billion-bearer-bond-mystery.html

J.S. Kim
Seeking Alpha
Thursday, June 18, 2009

Here’s yet another huge financial story that has been virtually blacked out by the US financial media. Although on the surface, this story appears to be a non-event, if we consider some of the released facts about this case, you will understand why I consider it to be a huge story. On June 8th, the Asia News reported the following story:

“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 dollars each. Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.”

Here are just a few fascinating facts about this case (at least they are being reported as “facts” at this current time):

(1) Though the smugglers have been identified in the press as “Japanese nationals” there has yet to be any confirmation if the smugglers were indeed Japanese or of some other ethnicity. How difficult is it to confirm the ethnicity of the smugglers and why is this information being kept secret?

(2) According to a brief Bloomberg article regarding this story, the seized bearer bonds allegedly were dated as of 1934. Since bearer bonds in denominations of $500 million did not exist in 1934, the bonds were deduced as fake, though the Italian police are still waiting for a declaration regarding the bonds’ authenticity from the SEC. There is something truly “off” about this declaration. How can the quality of the forged bearer bonds be so meticulous that they “are indistinguishable from the real ones”, yet the people involved in the alleged forgery so ill-informed as to not date the bearer bonds with a more recent year that would not immediately identify them as fraudulent? How hard would it have been to date the bearer bonds with a more recent year? An equivalent analogy would be if an expert art forger meticulously re-created a Picasso oil canvas and then erroneously signed the work with the wrong artist’s name. This story just does not add up.

(3) The Bloomberg story also reported that there is no known existence of the alleged 10 Kennedy bonds that were discovered in the smuggler’s suitcases, each with a denomination of $1 billion. Again, this discovery defies any logical explanation. Why would expert counterfeiters make 249 bearer bonds with denominations of $500 million apiece, each indistinguishable from the real thing, and then instead of just making 20 more such bonds, decide to make 10 bonds in denominations of $1 billion a piece in a bearer bond design that has never existed? Were the alleged counterfeiters just too lazy to confirm if Kennedy bearer bonds were ever a legitimately issued security? Again, this story makes no sense.

(4) On March 30, 2009, the US Treasury Department announced that USD $134.5 billion remained in its Troubled Asset Relief Program [TARP]. The stated amount of seized bearer bonds was $134.5 billion. Coincidence?

(5) The two well-dressed Japanese men opted to travel to Chiasso on a local train normally full of Italian manual laborers commuting to Switzerland. If they were really intent on successfully smuggling these bonds, counterfeit or real, why would they not take more care to select a travel route in which it was literally impossible for them not to stick out like two sore thumbs? Again, this part of the story defies all logic.

(ARTICLE CONTINUES BELOW)

Strange Inconsistencies in the $134.5 Billion Bearer Bond Mystery 250509BANNER

(6) The bearer bonds were discovered in a hidden briefcase compartment after a customs inspection. Again, if the bonds were indeed authentic and owned by a nation state, they could have been transported in a diplomatic pouch exempt from customs searches that would have guaranteed transport without detection.
Thus, all of the above irreconcilable and illogical points, other than the coincidence of the amount of the bearer bonds exactly matching the remaining TARP fund amount declared on March 30th, seem to indicate that not only were the seized bearer bonds counterfeit, but also that the smugglers were intent on being caught.
Before I continue, let’s review the purpose of bearer bonds.

Here is the Wikipedia definition of bearer bonds:

“A bearer bond is a debt security issued by a business entity, such as a corporation, or by a government. It differs from the more common types of investment securities in that it is unregistered – no records are kept of the owner, or the transactions involving ownership. Whoever physically holds the paper on which the bond is issued owns the instrument. This is useful for investors who wish to retain anonymity. The downside is that in the event of loss or theft, bearer bonds are extremely difficult to recover.”

If you recall the Michael Mann movie “Heat”, starring Robert DeNiro and Al Pacino, during a daring daytime armored car robbery, the criminals specifically targeted millions of dollars of bearer bonds for theft precisely because of the above qualities of bearer bonds that make them very difficult to trace. Again, due to the properties of bearer bonds, it seems highly unlikely that $134.5 billion of bearer bonds would be transported, if they were real, by two men with no security, since theft almost guarantees that they would be lost forever.

Thus far, about the only piece of information that appears to be reliable as reported by various news sources regarding this huge mystery is the remarkable authenticity of the 249 seized bearer bonds in denominations of USD $500 million. If any of the other facts, as they are being reported, are remotely accurate, then the bearer bonds were likely counterfeit. Still, the interesting part of this story, at least to me, is that the smugglers seemed intent on being caught with the counterfeit bonds. This leads me back to my previous question. What possible reason would the smugglers have for wanting to be caught? One of the quickest ways to sabotage and usher in the death of a currency is to raise legitimate questions about its ability to withstand counterfeiting efforts. Prove that counterfeiting is not only possible but highly likely, and the world’s confidence in the sabotaged currency will undoubtedly plummet.

In fact, this very tactic was applied during World War II when the Nazis launched Operation Bernhard in an attempt to crash the British economy by producing, by 1945, 132 million expertly counterfeited British pounds, a figure that represented roughly 15% of all real British pounds in circulation at the time. The counterfeit pounds were produced by expert printers and engravers supervised by an SS officer named Bernhard Krueger. As well, historical evidence exists that the Allies considered launching a counter-counterfeit plan against the Nazis as well. During this time, it was also alleged that the Bank of Italy counterfeited their own money by issuing the same securities twice with identical registered numbers and codes in order. The purpose of this counterfeiting was to secretly expand monetary supply without public transparency or accountability. Perhaps then, this $134.5.billion bearer bond mystery was an attempt of a nation state to shake the world’s confidence in the position of the US dollar as the world’s reserve currency.

There should be little debate that the world’s emerging economies in Russia, Brazil, China and certain Gulf Nations are at economic war today with the world’s Western nations and their economic allies. The currency war being fought today is sure to get much uglier in the foreseeable future, in both open tactics as well as secretly executed tactics. Currently, if the currency war were the world series of poker, the US and the UK would be holding a pair of 2s and relying on nothing but bluffs to keep the rest of the world at bay. Conversely, the Chinese and other emerging nations with large surpluses would be holding straight or royal flushes, and likely quietly maneuvering to go “all in” at some point.

Given that the discovery of $134.5 billion of bearer bonds in the suitcases of two Japanese nationals in Chiasso, Italy on the border of Switzerland qualifies as one of the largest smuggling operations in history, and given the various implications of such an act and the possible players involved, the silence regarding this huge story is simply stunning. It is not a huge story, per se, because of the counterfeiting operation, because accusations and revelations of massive money counterfeiting operations have occured in the past. It is a huge story, rather, due to all the inconsistencies of the story and the potential explanations that could explain these inconsistencies. The larger story at hand is, who are the players (nations) involved, and what was the intention of this likely counterfeiting operation? Maybe the future will reveal the answers to these questions. But maybe not.

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18 Responses to “Strange Inconsistencies in the $134.5 Billion Bearer Bond Mystery”

1. Jim Lunsford Says:
June 18th, 2009 at 6:15 am

This is an odd thing. I remember reading this last week. None of it makes sense, just as stated here.

Reply

The Transmogrifer Reply:
June 18th, 2009 at 7:55 am

Dear Jim Lunsford et al

“Civilization” cannot operate without a good level of trust. I am having difficulty finding anyone who trusts the Rothschild octopus. I work with DOD and they are defaulting on every aspect of financial activity. I am afraid for the future. I am sixty, and wondering if my rest home will come out of the barrel of a gun or a FEMA death camp. My research has indicated that half of our Social “Security” Ponzi scheme money is going to China. Why hasn’t China gotten the pink slip for this continent yet?

Reply

pitofdoom Reply:
June 18th, 2009 at 8:18 am

It’s rather amazing how they can throw monopoly money around
as if it is power, yet “We that people” can’t even throw shit as if it’s power?

Reply
2. prospector Says:
June 18th, 2009 at 6:21 am

The $134.5 billion figure is going to be the key to this. Fake or real.

Reply
3. Troy Ounce Says:
June 18th, 2009 at 6:36 am

The German news site Die Welt informed readers that the bonds are real. http://is.gd/15l3W

Reply
4. Gary S Says:
June 18th, 2009 at 6:40 am

Well I don’t wish to sound ungreatful for this article, for am I indeed greatful. My only point would be to mention how is this important overall? The Federal Reserve produces fiat money 24/7. What they (Reserve and government) can’t print, they simply borrow and put the government further in debt.

So fiat bearer bonds? What do they expect to do with them? Cash them in for monopoly money?

Reply
5. flatearther Says:
June 18th, 2009 at 7:00 am

Gary ,i think the intention is to compromise the worlds trust in the american dollars security and therefore crash it’s economy,and then possibly the western worlds due to a lack of confidence in the us dollar,then china and other countries buying the US debt might stop ,then the IMF steps in to bring on the solution of a new world reserve currency in it’s step toward cashless society,using the internet to do credit exchanges,but this is just a guess,there is so many lies from birth to death in this Orwellian society these days,you would have to get a dna test to prove you were alive.

Reply

pitofdoom Reply:
June 18th, 2009 at 8:22 am

Were not “alive” we’re Memorex, at the time of Magog the Most High
shall hit rewind sending man back into the acient of times to finish his works.

Reply
6. Rino Says:
June 18th, 2009 at 7:07 am

Maybe a country (most likely Japan) wants to subtly signal that they could, if necessary, start to dump their us-bonds if they were forced to do so. It woudl be a political message against any attempt by the us to sink the value of their foreign-owned debt. They cannot say it openly (actually they declared the very contrary extactly some days before this event), so they say it in typical “haragei” fashion…
this would explain the odd nature of the bonds (fake, but not really fake…) and the fact that they wanted to be detected

a puzzled italian

Reply
7. georgeohwell Says:
June 18th, 2009 at 7:13 am

1934 was the year Joe Kennedy was appointed chair of the Securities and Exchange Commission. Old Joe was known to counterfeit stock certificates to short the market.
Much like naked short selling today.

Reply

The Transmogrifer Reply:
June 18th, 2009 at 7:59 am

Dear georgeohwell, I have long considered Joe Kennedy and family to be the most successfull gangsters in America and that they put Al Capone and Meyer Lansky to shame.
The Kennedys: big toothed, big hair American royalty with Joe advocating entering WW2 on the side of the Nazies when he was ambassador to England. I wish I were smart enough to make this shit up.

Reply
8. Donald F. Truax Says:
June 18th, 2009 at 7:17 am

Hypothesis

This is a smuggling operation to get out of the country and into ‘other’ hands the said 249 seized bearer bonds in denominations of USD $500 million.

For emphasis, the counterfeit & ‘Kennedy’ bonds are a contamination by basic; meaning that the original and counterfeits have a basic relationship in that both are bonds. The purpose is to disguise the real transaction of the smuggling of the 249 originals bearer bonds with a contaminated forged bonds as to induce confusion “if caught” masking the real transaction.

Most of these operations are compartmentalized meaning they have several parts. In this case the ‘mules’ are sacrificed to hide the real operations in the smuggling of the 249 bearer bonds out of the country. I suspect this operation is another front operation much alike the Milken, Madoff and Lay operations disguised to hide the real fraud in stealing and moving billions out of this country.

For emphasis, there have been recent revelations that would force the criminal’s elements of this country to devise other ways to steal ‘trillions’ and these revelations are as follows:

*Federal Reserve IG not knowing where ‘Trillions’ went.

*Keeping secret the recipients of the said’ trillions’.

*Other ‘current’ fraud investigations.

It’s interesting to note that on the 11th of September 2001 records pertaining to fraud investigations at both the World Trade Center and the Pentagon where destroyed.

Moreover, the pallets of cash dropped over Iraq, and monies removed from the Federal Reserve from New York that Mike Ruppert wrote about in his book ‘Crossing the Rubicon’ can make clear these kinds of operations.

This does not include the ‘reported’ deaths of some of the major players real or otherwise; interesting to say the least.

In my humble opinion ;)
Love “Light” and Energy

_Don

PS: http://www.amazon.com/Crossing.....0865715408

Reply
9. Morgan Says:
June 18th, 2009 at 7:53 am

Hey Infowarriors! Looking for more info on the controlled demolition of our global economies? For a growing database of over 2,700 documents, news articles and video clips on NWO-related issues, please check out and collaborate with,

http://infowardocs.org

Reply
10. A Patriot Says:
June 18th, 2009 at 8:11 am

A really good analysis of this bizarre situation.

Donald - interesting point - you certainly may be right on this one!

Reply

real6

18-06-2009, 06:01 PM

If real, US Bonds seized by Italian customs would wipe out Italian budget deficit.

http://troyounce.blogspot.com/2009/06/real-us-bonds-seized-by-italian-police.html

Market Skeptics blogged an interesting story about US$ 135 Billion Treasury Bonds found in a suitcase belonging to 2 Japanese nationals by Italian custom officials on the Italian/Swiss border.

http://www.marketskeptics.com/2009/06/italy-seizes-135-billion-treasury-bonds.html

Read it here (Mogambo Guru in Asia times) and here (Guardia di Finanza), and here (Bloomberg) and if you can read Dutch here for the Financiele dagblad

http://www.atimes.com/atimes/Global_Economy/KF13Dj01.html

http://www.gdf.it/gdf__informa/notizie_stampa/adnkronos/adnkronos_2009/adnkronos_giugno_2009/info-1518911049.html

http://www.bloomberg.com/apps/news?pid=20601101&sid=ayy1QKcwcGN0

http://www.fd.nl/artikel/11763103/douane-italie-vindt-koffer-134-mrd

Interestingly, we expect the bonds to be false. But, according to the Financiele dagblad, if the bonds are real, Italian customs can seize 40% of the amount, wiping out the Italian budget deficit.

http://www.fd.nl/artikel/11763103/douane-italie-vindt-koffer-134-mrd

The rumour goes, again acording to the Financiele dagblad, that it is the work of North Korean secret agents (well done 001 & 002, fake bonds are a much cleaner idea than atomic bombs.)

Important: Die Welt (Germany) claims the bonds are real.

Watch a video of Japanese TV showing the content of the suitcase, here (in Japanese):
http://www.welt.de/wirtschaft/article3918926/Geschmuggelte-Anleihen-sind-wohl-echt.html#article_comment

Video on this page:

http://troyounce.blogspot.com/2009/06/real-us-bonds-seized-by-italian-police.html

Update: Claim: Bonds have been faked by USA: if this is true all US bonds owned by foreign entities will be seen as highly suspicious. No collateral. Fake money, fake bonds, fake statistics and full throttle towards the cliff....
http://market-ticker.denninger.net/archives/1119-The-Saga-Of-The-Bearer-Bonds.html

0

Max Keiser lost his cool completely in this video. And right he is.

Update1: William Pesek writes about the bonds in Bloomberg:

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

"....This is still a story with far more questions than answers. It’s odd, though, that it’s not garnering more media attention. Interest is likely to grow. The last thing Geithner and Federal Reserve Chairman Ben Bernanke need right now is tens of billions more of U.S. bonds -- or even high-quality fake ones -- suddenly popping up around the globe..."

http://search.bloomberg.com/search?q=Ben+Bernanke&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1

yozhik

18-06-2009, 11:30 PM

US government bonds seized by Italy’s financial police (Guardia di Finanza) at Ponte Chiasso, an the Italian town on the border with Switzerland, are “clearly fakes,” Stephen Meyerhardt, spokesman for the US Bureau of the Public Debt

Sounds like Meyerhardt drew the short straw in the US Bureau of the Public Debt office sweepstake!!

You can imagine THAT meeting :D

"Fuck ... we've been caught!"
"What are we going to do?"
"Draw straws."
"Draw straws???"
"Yeah ... whoever gets the short one is the one who goes in front of the media and says they're fake."
"But ... they're not fake ... we printed ...."
"Shut it you fool !! ... You saw the memo from Tim G ... noone is allowed to know we tried to fuck over the whole world ... we have to make it look like the US Monoploy Dollar is still good ... capiche??"
"OK ... and does the patsy get a bonus? You know ... danger money or something?"
"Yeah ... Timmy G said there is a bonus ... an extra months salary ..."
"Ummm ... can we get that paid in Euros or something? You know ... with the dollar tanking and everything ... I'd kinda like to be paid in something I can actually USE around Xmas time ... when I say use, I mean use to buy stuff ... rather than "use" like toilet paper ... know what I mean?"
"I'll ask Tim G ... should be OK ... "
"OHHH ... Stephen ... bad luck!! You got the short one ... damn ... OK ... chin up and remember ... "they are clearly fakes" ... its all you have to say ..."

zero1

19-06-2009, 12:45 AM

el jefe

19-06-2009, 12:55 AM

When will we find out the identity of the 2 guys? If they're fake lets plaster them all over the news for trying to fraud the world.

Right......

yozhik

19-06-2009, 12:57 AM

So then, is there any cause to doubt the determination that these bonds are "fakes"?

I personally doubt it. I still think it's TARP money. I think the Americans shit themselves when the two Japanese "couriers" were caught and the story was reported by the Italian media.

I think the authorities are lying now to victimize the smugglers @ the expense whomever they were working for, and so that the Italian government can maybe claim a percentage in compensation.

I don't think they're fake. Smart money bets they're actually real.

As they're "old" bonds, the big figures Kennedy Bonds circa the 1960's, it could be some of that old money too, belonging to some of those incredibly wealthy, powerful family dynasties that we rarely hear about, but know exist.

Has anyone got any supporting evidence that a Kennedy Bond means from the Kennedy era?

Maybe a Kennedy Bond simply refers to the denomination.
Just as FRN's are colloquially referred to by the "face" on them.
Isn't a $20 FRN sometimes called an Andrew Jackson?

I don't know ... and that's the point.
We're guessing due to the lack of information available.

yozhik

19-06-2009, 01:02 AM

When will we find out the identity of the 2 guys? If they're fake lets plaster them all over the news for trying to fraud the world.

Right......

In my opinion, the implications of this story are extreme ... regardless of whether the bonds are fake or genuine.
In either case, I can only see these guys being hung out to dry as scapegoats.
I don't see how there is really any other choice.
If they're not painted as international villains, then the shit is REALLY going to hit the fan!!
For them to be the innocent victims and merely the mules (or whatever) would implicate some people further up the food chain ... and that simply will not be allowed to happen.

They'll be compensated to take the fall for this.
We'll never get to know the source of this one.
Just can't see it happening, personally.

el jefe

19-06-2009, 01:04 AM

Has anyone got any supporting evidence that a Kennedy Bond means from the Kennedy era?

Maybe a Kennedy Bond simply refers to the denomination.
Just as FRN's are colloquially referred to by the "face" on them.
Isn't a $20 FRN sometimes called an Andrew Jackson?

I don't know ... and that's the point.
We're guessing due to the lack of information available.

Quick search, from 1964:

http://select.nytimes.com/gst/abstract.html?res=F40810FA3B5415738DDDAB0894DD405B 848AF1D3

JOHNSON PURCHASES KENNEDY BOND NO. 1

From LA Times today:

What’s more, the package of bonds was said to include "Kennedy" bonds worth $1 billion each. "There is no such thing as a Kennedy bond," Meyerhardt said.

http://latimesblogs.latimes.com/money_co/2009/06/speculation-about-the-italian-smuggling-case-involving-134-billion-in-purported-us-treasury-bonds-may-have-been-fun-while.html

el jefe

19-06-2009, 01:05 AM

Didnt know someone tried this in 2001

Well, there are people that stupid. In 2001, Phillipine authorities seized $2 trillion in fake Treasury bonds. A year before that, they seized $60 billion. A month before that, they seized $50 billion.

http://gawker.com/5295490/the-billions-in-fake-treasury-bonds-we-all-wished-were-real

http://news.bbc.co.uk/2/hi/asia-pacific/1180171.stm

United States and Philippine officials have seized more than $2,000bn (two trillion) in fake US Federal Reserve bonds in the southern Philippines.

yozhik

19-06-2009, 01:17 AM

Speculation about the Italian smuggling case involving $134 billion in purported U.S. Treasury bonds may have been fun while it lasted, but the Treasury Department says today the bonds are bogus.

"They’re obvious fakes," said Steve Meyerhardt, a spokesman for the Treasury's Bureau of Public Debt in Washington.

Meyerhardt said Treasury authorities could see immediately from photos of the bonds that they were doctored.

Hmmmmm ...

So why did the first reports from Police experts state that they were indistinguishable from the genuine article?

How can a Treasury spokesperson make such a definitive statement from viewing a photo, when experts who have seen and touched the confiscated bonds could not?

Why has it taken 2 weeks for officials from the Treasury to speak out?

Do you not think someone from the Treasury should have gone there, in person, rather than commenting publicly and using information gathered from "a photo"?

This still doesn't feel right.

I can not get into my head why any counterfeiters would be so stupid as to print Treasury bonds in those denominations, if they had any thought of passing them off as genuine. That just does not ring true, on any level.

... and now the spokesman has stated that there is no such thing as a Kennedy Bond, when there obviously was, for President Johnson to have been the first to purchase one.

Too many holes. Too much time has elapsed for bogus denials. Too many questions.

Given the international headlines and the nervousness in the Asian market, this story should have been "closed down" by the US Treasury a LONG time ago.

This isn't just closing the stable door after the horse has bolted; this is closing the stable door after the horse has bolted, been saddled, mounted and won the Kentucky Derby.

Let's revisit the original story and reported information from officials;
Milan (AsiaNews) – 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.

Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.

As soon as the seizure was made the US Embassy in Rome was informed. Italian and US secret services were called in to assist the Italian financial police.

So they were "so good" they were undistinguishable from genuine bonds and US Secret Services were also assisting the Italian officials ... but it takes two weeks for a Treasury spokesman to say they are "obviously fakes" ... and this he gleaned "from looking at a photo over the internet."

:rolleyes:

Is it just me or does something seem out of kilter with this?

el jefe

19-06-2009, 11:56 PM

And this is prob the last we'll ever hear of this.

decim

20-06-2009, 12:15 AM

Jun 18th, 2009 | By Contrarian Profits | Category: Top Story

Today’s Notes reads more like a John le Carre novel than an investment newsletter. But bear with us. It tracks one of the most fascinating news stories you’ve never heard of. The news reports are maddeningly sketchy. And the mainstream media is doing a damn good job of not reporting the story.

But it’s clear the arrests by Italian authorities of two “Japanese-looking” men allegedly attempting to smuggle $134.5 billion worth of US bearer bonds across the Swiss border is the biggest financial crime in history. And one with major implications for America’s economic security.

For those of you who don’t know, a report surfaced on Monday, June 8, on an obscure Vatican-sponsored news website, AsiaNews.it, that Italy’s financial police (Guardia Italiana di Finanza) had “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.”

According to the report, these securities included “249 US Federal Reserve bonds worth $500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar [sic] each.”

If the report is true (it has been relayed by the Associated Press, Bloomberg, The Times and the Dow Jones news service), it means these two as-yet-to-be-identified men were carrying securities amounting to the GDP of New Zealand – or enough money to fund three Beijing Olympics – in non-negotiable bonds in their suitcase.

As Bloomberg put it, “If economies were for sale, the men could buy Slovakia and Croatia and have plenty left over for Mongolia or Cambodia.”

The story is filled with bizarre and incongruous details. Enough, in fact, to make the mind of even the most determined news hound spin.

1. First, there’s the obvious question of whether these billion and half-billion dollar notes are real or fake. According to the AsiaNews report, “Italian authorities have not yet determined whether they are real or fake but […] if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.”

2. The story has received a lot of coverage in Europe and Asia. But US media outlets have ignored it, despite the fact that it concerns either the biggest ever counterfeiting or the biggest ever smuggling of US bonds. (A third possibility is that the story itself is a fake. Even so, this would merit serious attention as it implies that someone or some state or state agency is interested in destabilizing the value of US debt at a time when it’s most sensitive to destabilization, i.e., when America is issuing most of it.)

3. The story broke smack in the middle of heightened concerns over the stability of US bonds markets. Treasury Secretary Tim Geithner has just completed a trip to China, where he did his best to assuage Chinese fears that US fiscal and monetary policy is undermining the value of US government and agency debt. And the BRIC nations – Brazil, Russia, India and China – have recently stirred the pot by calling for a less dollar-centric global currency system.

And following the report of the bond arrests, Japan – the second largest foreign holder of US debt after China – felt it necessary to come out with the following statement via its finance minister: “We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental. So our trust in U.S. Treasuries is absolutely unshakable.” (As Karl Denninger points out on his blog, The Market Ticker, the Japanese said in December 1941 that all was well, too.)

1. According the Dow Jones Business News, “An official at Japan’s Consulate General in Milan said Tuesday that Italy was still investigating the case, adding it wasn’t confirmed that the two men are Japanese.”So are the alleged smugglers/counterfeiters Japanese or aren’t they? And if they aren’t, why did the press reports say they were?According to Dow Jones, the Japanese have “sent a letter asking for further information to the Italian tax police as well as prosecutors.” But why the delay?

1. A breaking report from Joe Weisenthal at The Business Insider, snatched from Japanese TV, says the “Japanese” bond smugglers are now missing. If this was a simple case of counterfeiting (albeit the biggest in history), it’s highly unlikely the Italian and US authorities would have let the men carrying the bonds simply slip off into the night…

2. The amount seized should ring alarm bells. On March 30 2009, the Treasury Department announced that $134.5 billion remained in the TARP. The stated amount of seized bearer bonds was $134.5 billion.

3. According to JS Kim of investment research company SmartKnowledgeU, “The two well-dressed Japanese men opted to travel to Chiasso on a local train normally full of Italian manual laborers commuting to Switzerland. If they were really intent on successfully smuggling these bonds, counterfeit or real, why would they not take more care to select a travel route in which it was literally impossible for them not to stick out like two sore thumbs?

4. The bearer bonds were discovered in a hidden briefcase compartment after a customs inspection. As Kim also points out, “If the bonds were indeed authentic and owned by a nation state, they could have been transported in a diplomatic pouch exempt from customs searches that would have guaranteed transport without detection.”

Here at Notes we have two theories about the bond arrests, presuming the story is legit. (That is to say presuming the reporting on the story is legit. More on this later.) Both have serious implications for the US economy and all who depend on it for their livelihoods.

The first possibility, as we see it, is that the events in Italy are evidence of sophisticated economic espionage and an attempt by a (hostile) foreign power to undermine US economic power.

In other words, somebody wants to destabilize the US bond markets by spreading the word that US bonds can be forged, but that “the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones ” (as the original report put it). Raising legitimate concerns about the ability to withstand counterfeiting efforts is a sure-fire way of sabotaging a currency.

It wouldn’t be the first time that such a strategy has been used to destabilize an enemy power. During World War II, Hitler launched Operation Bernhard to crash the British war economy. By the end of the war, it had produced 132 million expertly counterfeited British pounds – a sum that represented about 15% of all British pounds in circulation at the time. The British ran a similar counterfeiting operation against the Nazis.

It seems careless, to say the least, to get caught with $134.5 billion dollars worth of securities by a regular inspection on a train. We’ve already ruled out that this wasn’t an official state operation (otherwise the bonds would have traveled in a diplomatic pouch). So it’s certainly odd that people sophisticated enough counterfeit or steal $134.5 billion worth of US government bonds couldn’t think of a safer way to transport them.

The implication is the “Japanese” interlopers wanted to be caught. And they wanted the world to know that US bonds could be so expertly forged.

Who would want to destabilize US economic power? Who would have the technology and the know-how to print such convincing forgeries? Who is a declared enemy of the US? Who might have “Japanese” looking agents working for them? North Korea would have to top the list of suspects…

Also, there’s the question of why the Italian authorities didn’t allow the “Japanese” couriers to deliver their illicit cargo to its destination (and therefore also apprehend the intended recipient/s of the bonds). Surely, that would have been of interest to the Italian authorities, who seem to have been acting on a tip-off. (Unless you believe that the Italians are in the habit of searching false-bottomed suitcases of well-dressed Asians on their way to Switzerland.)

One explanation for this is that the Italians believe these bonds are real. Italian law prevents people importing or exporting more than €10,000 in cash. And the penalty for violating the law is 40% of the money seized. That would mean the jackpot of the Italian government – the fine for this particular haul would be €38 billion. This would go a long way to eliminate the country’s public debt.

This brings us to our second theory. If the bonds turn out be real, it points to the possibility that the US Treasury may have been secretly issuing bonds to foreign nations to finance America’s deficits. This has worse implications than the sabotage theory. Let us explain…

The bonds the Italian authorities seized earlier this month were bearer bonds. That means they are unregistered – whoever holds the physical piece of paper owns the instrument.

This is where the plot really thickens. Since the passing of the US Tax and Fiscal Responsibility Act in 1982, the US doesn’t officially issue this kind of bond anymore. And according to the Treasury’s own figures, the approximate amount of debt outstanding in bearer bonds as of May 2009 is just over $100 billion – roughly $34 billion less than the amount wound up in a false-bottomed suitcase on a train from Milan to Switzerland.

It seems the only way the bonds could be real is if the Treasury has been issuing bonds it doesn’t want anyone to know about.

According to underground investor Karl Denninger at The Market Ticker, this is “one of the few explanations that actually fits the facts.” And Denninger goes a step further. He writes:

If in fact previous administrations were issuing “off-book” Treasury debt in this fashion to sovereigns then implications are truly explosive as such issues are blatant and outrageous unlawful acts and would expose everyone involved to severe criminal penalties.

This wouldn’t surprise us in the least. Right now the US government is on a $12.8 trillion spending spree. As we’ve said before, it’s now the biggest player in the US economy. And it’s destined to be this way for a long time to come.

Put simply, the government money, and a handful of chosen stock shoot up. (To find out which stocks are benefiting from this unprecedented spending splurge, read on here. )

This story has more holes than a Swiss cheese. We know from experience here at Notes (your co-editor spent two years working as an investigative reporter in his native Ireland) that there is rarely smoke without fire when it comes to news stories. But one aspect of this story still puzzles us… and it’s a part of the story nobody to date has questioned: What was an obscure Vatican-sponsored news outfit doing breaking the largest financial crime story all time?

As far as we can tell, AsiaNews.it broke the story on June 8. Major news services followed on with their own reports much later. Bloomberg, for instance, only got to it yesterday. So how did AsiaNews.it, a website linked to the Ponticial Institute for Foreign Missions and funded by the Vatican scoop the major news agencies on the bond story?

AsiaNews.it’s About Us page freely admits that it is an anti-Communist organ of the Roman Catholic Church, “nobly dedicated to China and her people.” The organization’s missionary zeal is not difficult to detect:

Since [Chinese] university students have internet access, we think that AsiaNews will help them to be familiar with the impact Christianity has on Asian and Chinese society. Already many Chinese intellectuals think China can be saved by Christianity, so as not to explode into a soulless market or a dictatorship that humiliates the individual.

Whatever the truth behind the bearer bond arrests , we know it doesn’t bode well for America’s economic future. At best, it demonstrates that the US faces economic sabotage from an (as yet) unknown source. At worst, it’s evidence of underhand behaviour by US authorities to finance the country’s spiraling debt problem.

Even if the case can be put down to (a highly incompetent) nation trying to offload its dollar holdings, it underscores our argument here at Notes that investors need to closely watch US debt markets to determine the future of their investments.

This year, it’s estimated that the US Treasury Department must raise $15 billion a day in debt just to keep the country afloat and Team Obama in pocket. It’s our view that this is America’s Achilles’ heel.

The US economy has already been brought to its knees by too much private debt. We believe its public debt problem could one day deal the country a deathblow.

http://www.contrarianprofits.com/articles/how-the-bearer-bonds-saga-could-bring-down-the-us/18081

zero1

20-06-2009, 12:59 AM

Hmmmmm ...

So why did the first reports from Police experts state that they were indistinguishable from the genuine article?

How can a Treasury spokesperson make such a definitive statement from viewing a photo, when experts who have seen and touched the confiscated bonds could not?

Why has it taken 2 weeks for officials from the Treasury to speak out?

Do you not think someone from the Treasury should have gone there, in person, rather than commenting publicly and using information gathered from "a photo"?

This still doesn't feel right.

I can not get into my head why any counterfeiters would be so stupid as to print Treasury bonds in those denominations, if they had any thought of passing them off as genuine. That just does not ring true, on any level.

... and now the spokesman has stated that there is no such thing as a Kennedy Bond, when there obviously was, for President Johnson to have been the first to purchase one.

Too many holes. Too much time has elapsed for bogus denials. Too many questions.

Given the international headlines and the nervousness in the Asian market, this story should have been "closed down" by the US Treasury a LONG time ago.

This isn't just closing the stable door after the horse has bolted; this is closing the stable door after the horse has bolted, been saddled, mounted and won the Kentucky Derby.

Let's revisit the original story and reported information from officials;

So they were "so good" they were undistinguishable from genuine bonds and US Secret Services were also assisting the Italian officials ... but it takes two weeks for a Treasury spokesman to say they are "obviously fakes" ... and this he gleaned "from looking at a photo over the internet."

:rolleyes:

Is it just me or does something seem out of kilter with this?

Out of kilter, to put it mildly.

yozhik

21-06-2009, 12:27 AM

I fear now that a "spokesman" has given the official hex on the information, this one is going to be swept under the carpet, the media "warned" that dropping the story would be in their best interests and this one will slip off the page into the vortex of "never to be seen or heard of again."

Or maybe anyone who pursues this will also become labelled by Beck as "the same as Holocaust deniers" and a group that "Timothy McVeigh" would have come from?

Let's not let this story evaporate into the ether ...

rosix

21-06-2009, 12:42 AM

everyone I know now knows about it :)
total denial all-around until I linked a Bloomberg article!

el jefe

22-06-2009, 06:06 PM

http://www.examiner.com/x-14143-Orange-County-Conservative-Examiner~y2009m6d21-134-billion-dollar-bond-caper-full-of-holes-and-inconsistencies

Scanning foreign papers one would find many people demanding to know where is mainstream media? The 134.5 Billion seized by the Italians is attracting a multitude of inquiring minds. Either scenario of counterfeit or smuggling are of historic proportion and should be dominating the news!
Italian police seized U.S. government bonds found in the false bottom of a suitcase carried by two Japanese travelers attempting to cross into Switzerland. “They’re clearly fakes,” said Stephen Meyerhardt, a spokesman for the U.S. Bureau of the Public Debt in Washington. “That’s beyond the fact that the face value is far beyond what’s out there.” Meyerhardt said Treasury records show an estimated $105.4 billion 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 added.
Colonel Rodolfo Mecarelli of the Guardia di Finanza in Como, Italy, said the securities, seized in Chiasso, Italy, was very genuine looking and needed to be confirmed by the Securities and Exchange Commission. If the notes are genuine, the pair would have been the U.S. government’s fourth-biggest creditor, ahead of the U.K. with $128 billion of U.S. debt and just behind Russia, which is owed $138 billion. The Italian authorities reported they seized 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!
First described as meticulous and high quality, reports are surfacing that instruments were rough and shoddy. The Japanese businessmen detain have been reported to released. Reports that all this happened on June 1st instead of the 10th adds another inconsistency to the growing list:
Inconsistencies
(1) Although the smugglers have been identified in the press as “Japanese nationals”, there has yet to be any third party confirmations, formal charges made or a release of the culprit’s identities. Asian and Japanese press outlets are reporting the suspects were released shortly after they were detained.
(2) A Bloomberg article regarding this story, the seized bearer bonds allegedly were dated as of 1934. Since bearer bonds in denominations of $500 million did not exist in 1934, the bonds were deduced as fake. The police are still waiting for a declaration regarding the bonds’ authenticity from the SEC. and the populous is speculation how to spend their 40% windfall. Something smells about this declaration. How can the quality of the forged bearer bonds be so meticulous that they “are indistinguishable from the real ones”, yet the counterfeiters are so ill-informed as to not date the bearer bonds appropriately?
(3) Bloomberg reported that there is no known existence of the alleged Billion-dollar Kennedy bonds. This defies any logical explanation. The expert counterfeiters would have made more of the $500 million denomination, indistinguishable from the real thing, instead of making 10 bonds in denominations of $1 billion a piece in a bearer bond never existed?
(4) On March 30, 2009, the US Treasury Department announced that USD $134.5 billion remained in its Troubled Asset Relief Program [TARP]. The same amount as the seized bearer bonds was $134.5 billion.
(5) The two well-dressed Japanese men traveled a well known financial smuggling route where them would stick out like sore thumbs, defies logic.
(6) Then we have this June 18 article from the Financial Times, that questions whether the men are really Japanese, as their passports declared, and it is may be the work of the Mafia.
(7) Officials in Tokyo were nonplussed. Takeshi Akamatsu, a Japanese foreign ministry press secretary, said Italian authorities had confirmed that two men carrying Japanese passports had been questioned in the bond case but Tokyo had not been informed of their names or whereabouts. “We don’t know where they are now,” Mr. Akamatsu said. Kyodo News reported on June 19 that the two Japanese men had been released. The Japanese consulate general in Milan said Thursday it has confirmed that two men who were briefly detained by Italian police after attempting to enter Switzerland with $134 billion worth of U.S. bonds were Japanese citizens. The men were released later that day after an Italian lawyer provided fidelity guarantee for them. The Italian authorities continue to probe how the two obtained the bonds and why they were trying to take the fake securities to Switzerland.
(8) The Italians are now saying the forged bonds appeared shoddy and some of them had face values that were nonexistent. The Italian authorities said they wonder why the securities were produced because the bonds cannot be used even for fraud in view of their poor quality. In pictures the bonds appear new, crisp and clean! They were first described as being “meticulous” work and “indistinguishable” from real ones but we are also to believe that they now “appeared shoddy.”
Hold on to your hat for another wild turn. Turner Radio Network (TRN) announced June 20 that it had new confirmed information the two Japanese nationals are in the “employees of the Finance Ministry of Japan.” TRN has now confirmed the two men arrested were trying to secretly dump Bonds as ordered by the government of Japan because the Japanese government feared that the U.S. government would be unable to repay its debts. Despite the assurances from Japanese Finance Minister Kaoru Yosano that Japan has complete confidence in the U.S. Treasury has confirmed the upon the serial numbers of the Bonds, part of the $686 billion of U.S. debt officially held by Japan.
The last couple of days the Italian press was abuzz with suggestions on how to spend their forty-billion dollar windfall despite the claims the being counterfeit. Under Italian law Italy gets to keep forty percent (40%) of the smuggled bonds. Now TRN reports that the US and Japan are trying to negotiate with Italy for return of the Bonds but because of the astonishing amount of money involved and Italy is refusing to negotiate.
If all of this hold’s true Americans should know clearly that Japan is still capable of a Pearl Harbor, financial style, and that our Government is incapable of telling the truth. U.S. officials apparently lied to Italy, numerous news outlets, the American People and Glenn Beck! From the World’s perspective the U.S.A. can’t even identify its own bonds, has very nervous creditors and that U.S. mainstream media in unable to perform impartial journalism and are worthless as an honest and viable news source. Glenn Beck offers good advice from his radio show, “Wake up America!”

http://images.turnerradionetwork.com/OneBillionDollarKennedyBond.jpg

http://www.turnerradionetwork.com/index.php?option=com_content&view=article&id=59:employees-of-japan-finance-ministry-arrested-in-italy-trying-tosmuggle-134-billion-in-us-treasuries-in-suitcases&catid=1:latest-news&Itemid=50#June20Update

(Turner Radio Network) -- Two Japanese men arrested by Italian Police while trying to smuggle $134 Billion in U.S. Treasury Bonds concealed in suitcases, out of Italy into Switzerland, are employees of the Finance Ministry of Japan.

Turner Radio Network has now confirmed the two men arrested by Italy were trying to secretly dump Bonds that were previously held by the nation of Japan. The men arrested have told Italian police they were ordered to move the Bonds by the government of Japan because the Japanese government has lost faith in the ability of the U.S. government to repay its debts.

Despite assurances from Japanese Finance Minister Kaoru Yosano about Japan's "absolutely unshakable” confidence in the credibility of the U.S. dollar, it is now confirmed based upon the serial numbers of the Bonds, that the $134 Billion is part of the $686 billion of U.S. debt officially held by Japan.

According to Italian Law Enforcement, authorities originally thought the men were part of the "Yakuza", a Japanese organized crime syndicate similar to the Italian Mafia, which lead officials to believe the Bonds were forgeries But after the men who were arrested were forced to remain in jail for more than a few days, they discarded their cover story and admitted to being employees of the Finance Ministry of Japan.

Strangely, very few major media outlets have covered this story. Of the few media outlets that have covered it, one - Bloomberg Business News - reported the bonds were "fakes." But according to Italian authorities, that is a cover story developed by the U.S. government to avoid panic selling of U.S. Treasuries by other nations.

Law enforcement sources in Rome claim the Italian government is ecstatic over the seizure because under Italian law, they get to keep forty percent (40%) of the smuggled bonds. The governments of both the US and Japan are trying to negotiate with Italy for return of the Bonds but because of the astonishing amount of money involved, Italy is refusing any negotiation at all.

TRN has been told to expect to receive serial numbers from the bonds as proof they are real. In addition, our source claims he can obtain scanned images of some of those bonds as well. If we are given such information or images, we will report them publicly.

The implications of this situation are monstrous: An ally of the United States has been caught trying to secretly unload U.S. government debt. This is unmistakable proof that the United States government is headed into economic collapse because nations around the world have now officially lost faith in its ability to repay.

The fact that $134 Billion in Bonds was intercepted by Italian Police was confirmed two days ago by Bloomberg Business news (here). Today's revelation by TRN that the men arrested were employees of the Japan Finance Ministry is a huge development which will cause sudden and dramatic reaction worldwide.

UPDATE June 19, 2009 2115 HRS ET -- The Japanese men taken into custody by Italy have been released and they were allowed to take their "fake" Bonds with them! Authorities now say they do not know where the men went. Those same authorities have told the "Financial Times" of London that the Bonds were "most likely fakes."

Updated Commentary: This is the single biggest farce we've heard about in a long time. Does anyone actually believe that anyone would be transiting a national border with $134 Billion in "fake" Bonds concealed in a suitcase with a fake bottom?

Does anyone actually believe Italian Authorities would ignore their own laws and release persons who violated Italian financial disclosure laws?

Does anyone really believe that a bank or other entity would simply accept a US Treasury "Intergovernmental" Bond with a face value of either $500 Million or $1 Billion without ever calling the US Treasury to determine if the bonds were valid?

The absurd explanation provided by the U.S. Government that the bonds were "fakes" would be laughable if it wasn't so pathetic.

Clearly the government of Japan got caught red handed trying to dump U.S. Treasury Bonds because they no longer trust that the USA can pay its debts. When the issue blew up in their faces, everyone from Japan to Italy to the USA had to get together and lie about what was happening with the hope that other nations wouldn't start dumping U.S. Treasuries too.

That is precisely what happened. Anyone who says otherwise is either lying or stupid. . . . . or thinks we're stupid enough to believe them!

We have now entered the official "end game" for the United States Government. They are broke. Bankrupt. They have no hope of ever repaying their debts. Countries around the world know this and are starting to dump U.S. debt and U.S. currency because it will all become worthless very soon.

There's no stopping it. There's no avoiding it. There's no way to patch things up to make this go away.

The United States of America has been bankrupted by its own government. That government bears sole responsibility for the economic collapse that is coming. When the collapse happens, the American people - the most heavily armed population on Earth - will probably take up arms and overthrow the government by force. In our view, forcible overthrow is a fate the U.S. Government richly deserves.

It would be very wise for those of you who still can, to consult with qualified financial people about how to get your assets out of the USA and your money OUT of U.S. dollars before you are all wiped out too. Time is running out. Japan is already trying to dump their U.S. holdings. You should too before everyone does at the same time.

UPDATE - JUNE 20 1435 HRS ET -- The Turner Radio Network has obtained photos and video from the Guardia di Finanza (Italian Financial Police) showing the actual $134 Billion in U.S. Bonds, with coupons attached, which were caught being smuggled from Italy into Switzerland.

The bonds were intercepted in Chiasso, Italy at the border of Switzerland.

The Bonds were owned by the country of Japan since the early 1980's when printed bonds were still issued by the U.S. Treasury. Today, all such Bonds are done electronically.

The paper bonds below were being smuggled into Switzerland by employees of the Japan Finance Ministry so they could be sold, at discount, under the anonymity of Swiss financial laws. If no one knew Japan was dumping US Treasury bonds, it would not cause a panic worldwide as other nations dumped their US Treasuries too. Japan was rudely surprised when the two employees of the Japan Finance Ministry were grabbed at the Italian border.

Japan sent the $134 Billion in bonds to Switzerland because Japan has lost faith in the ability of the U.S. government to repay its debts and Japan wanted to sell the bonds at a discount off face value with the hope of recouping at least some of the money before the U.S.collapses economically.

Those of you around the world who are holding U.S. Treasury notes would do well to consult with a qualified financial planner to see how quickly you can dump any U.S. Treasury Bonds and any U.S. Dollars you may be holding before the U.S. suffers the economic collapse which is now unavoidable.

If you are left holding Bonds or Dollars, you will likely be financially wiped out when the US Government repudiates its debt because it simply cannot pay anymore.

In the photo below, the piles of Bonds which appear to have a cash-like top have a face value of five hundred million dollars each ($500,000,000) and the smaller Bonds at the bottom right of the table are "Kennedy Bonds" with a face value of one billion dollars each ($1,000,000,000)

The total face value of the bonds shown on the table below is one hundred thirty four billion dollars!

yozhik

22-06-2009, 06:11 PM

So its being revealed, exactly as we said it would be.

And they call us conspiracy theorists?????
FFS ... it isn't us that constantly makes up bullshit ... :mad:

They really do take us for fools.
We have been asking these very same questions and raising these exact anomalies, on this thread, for days.

Mainstream media is a fucking joke ... no journalism anymore, just employed repeaters and pretty faces to woo the stupid masses, sitting in their comfy chairs, swilling their cold beers and swallowing "mother's little helper".

el jefe

22-06-2009, 06:11 PM

Check this thread: http://www.davidicke.com/forum/showthread.php?t=68297

we have been talking about this for more than a week now

Latest developments:

http://images.turnerradionetwork.com/OneBillionDollarKennedyBond.jpg

http://www.turnerradionetwork.com/index.php?option=com_content&view=article&id=59:employees-of-japan-finance-ministry-arrested-in-italy-trying-tosmuggle-134-billion-in-us-treasuries-in-suitcases&catid=1:latest-news&Itemid=50#June20Update

(Turner Radio Network) -- Two Japanese men arrested by Italian Police while trying to smuggle $134 Billion in U.S. Treasury Bonds concealed in suitcases, out of Italy into Switzerland, are employees of the Finance Ministry of Japan.

Turner Radio Network has now confirmed the two men arrested by Italy were trying to secretly dump Bonds that were previously held by the nation of Japan. The men arrested have told Italian police they were ordered to move the Bonds by the government of Japan because the Japanese government has lost faith in the ability of the U.S. government to repay its debts.

Despite assurances from Japanese Finance Minister Kaoru Yosano about Japan's "absolutely unshakable” confidence in the credibility of the U.S. dollar, it is now confirmed based upon the serial numbers of the Bonds, that the $134 Billion is part of the $686 billion of U.S. debt officially held by Japan.

According to Italian Law Enforcement, authorities originally thought the men were part of the "Yakuza", a Japanese organized crime syndicate similar to the Italian Mafia, which lead officials to believe the Bonds were forgeries But after the men who were arrested were forced to remain in jail for more than a few days, they discarded their cover story and admitted to being employees of the Finance Ministry of Japan.

Strangely, very few major media outlets have covered this story. Of the few media outlets that have covered it, one - Bloomberg Business News - reported the bonds were "fakes." But according to Italian authorities, that is a cover story developed by the U.S. government to avoid panic selling of U.S. Treasuries by other nations.

Law enforcement sources in Rome claim the Italian government is ecstatic over the seizure because under Italian law, they get to keep forty percent (40%) of the smuggled bonds. The governments of both the US and Japan are trying to negotiate with Italy for return of the Bonds but because of the astonishing amount of money involved, Italy is refusing any negotiation at all.

TRN has been told to expect to receive serial numbers from the bonds as proof they are real. In addition, our source claims he can obtain scanned images of some of those bonds as well. If we are given such information or images, we will report them publicly.

The implications of this situation are monstrous: An ally of the United States has been caught trying to secretly unload U.S. government debt. This is unmistakable proof that the United States government is headed into economic collapse because nations around the world have now officially lost faith in its ability to repay.

The fact that $134 Billion in Bonds was intercepted by Italian Police was confirmed two days ago by Bloomberg Business news (here). Today's revelation by TRN that the men arrested were employees of the Japan Finance Ministry is a huge development which will cause sudden and dramatic reaction worldwide.

UPDATE June 19, 2009 2115 HRS ET -- The Japanese men taken into custody by Italy have been released and they were allowed to take their "fake" Bonds with them! Authorities now say they do not know where the men went. Those same authorities have told the "Financial Times" of London that the Bonds were "most likely fakes."

Updated Commentary: This is the single biggest farce we've heard about in a long time. Does anyone actually believe that anyone would be transiting a national border with $134 Billion in "fake" Bonds concealed in a suitcase with a fake bottom?

Does anyone actually believe Italian Authorities would ignore their own laws and release persons who violated Italian financial disclosure laws?

Does anyone really believe that a bank or other entity would simply accept a US Treasury "Intergovernmental" Bond with a face value of either $500 Million or $1 Billion without ever calling the US Treasury to determine if the bonds were valid?

The absurd explanation provided by the U.S. Government that the bonds were "fakes" would be laughable if it wasn't so pathetic.

Clearly the government of Japan got caught red handed trying to dump U.S. Treasury Bonds because they no longer trust that the USA can pay its debts. When the issue blew up in their faces, everyone from Japan to Italy to the USA had to get together and lie about what was happening with the hope that other nations wouldn't start dumping U.S. Treasuries too.

That is precisely what happened. Anyone who says otherwise is either lying or stupid. . . . . or thinks we're stupid enough to believe them!

We have now entered the official "end game" for the United States Government. They are broke. Bankrupt. They have no hope of ever repaying their debts. Countries around the world know this and are starting to dump U.S. debt and U.S. currency because it will all become worthless very soon.

There's no stopping it. There's no avoiding it. There's no way to patch things up to make this go away.

The United States of America has been bankrupted by its own government. That government bears sole responsibility for the economic collapse that is coming. When the collapse happens, the American people - the most heavily armed population on Earth - will probably take up arms and overthrow the government by force. In our view, forcible overthrow is a fate the U.S. Government richly deserves.

It would be very wise for those of you who still can, to consult with qualified financial people about how to get your assets out of the USA and your money OUT of U.S. dollars before you are all wiped out too. Time is running out. Japan is already trying to dump their U.S. holdings. You should too before everyone does at the same time.

UPDATE - JUNE 20 1435 HRS ET -- The Turner Radio Network has obtained photos and video from the Guardia di Finanza (Italian Financial Police) showing the actual $134 Billion in U.S. Bonds, with coupons attached, which were caught being smuggled from Italy into Switzerland.

The bonds were intercepted in Chiasso, Italy at the border of Switzerland.

The Bonds were owned by the country of Japan since the early 1980's when printed bonds were still issued by the U.S. Treasury. Today, all such Bonds are done electronically.

The paper bonds below were being smuggled into Switzerland by employees of the Japan Finance Ministry so they could be sold, at discount, under the anonymity of Swiss financial laws. If no one knew Japan was dumping US Treasury bonds, it would not cause a panic worldwide as other nations dumped their US Treasuries too. Japan was rudely surprised when the two employees of the Japan Finance Ministry were grabbed at the Italian border.

Japan sent the $134 Billion in bonds to Switzerland because Japan has lost faith in the ability of the U.S. government to repay its debts and Japan wanted to sell the bonds at a discount off face value with the hope of recouping at least some of the money before the U.S.collapses economically.

Those of you around the world who are holding U.S. Treasury notes would do well to consult with a qualified financial planner to see how quickly you can dump any U.S. Treasury Bonds and any U.S. Dollars you may be holding before the U.S. suffers the economic collapse which is now unavoidable.

If you are left holding Bonds or Dollars, you will likely be financially wiped out when the US Government repudiates its debt because it simply cannot pay anymore.

In the photo below, the piles of Bonds which appear to have a cash-like top have a face value of five hundred million dollars each ($500,000,000) and the smaller Bonds at the bottom right of the table are "Kennedy Bonds" with a face value of one billion dollars each ($1,000,000,000)

The total face value of the bonds shown on the table below is one hundred thirty four billion dollars!

yozhik

22-06-2009, 06:13 PM

why a new thread?
Just throw it in the one that already exists ... then we don't have to jump back and forth between the two. :rolleyes:

el jefe

22-06-2009, 06:13 PM

decim

22-06-2009, 06:16 PM

why a new thread?
Just throw it in the one that already exists ... then we don't have to jump back and forth between the two. :rolleyes:

I was counting on the mods to merge it.

A new topic seemed a good way to re-elevate awareness of this swindle.

yozhik

22-06-2009, 06:16 PM

You think the pic they got is real and the info Turner got is real? I dont know who in their right mind would release such info or if theyre only doing what we have been(guessing)? Which is usually fairly accurate....

Regardless of the pictures ... why did it take more than 2 weeks for the treasury to speak out?

How did police reports of them being "indistinguishable" from genuine bonds, which was made with the US security services assisting the Italian authorities, morph into "they're shoddy" and in the Treasury statement, they were called "obvious fakes", which was determined by looking at a photo over the internet?????? (what the fuck ... excellent "forensic" science right there ... )

USD$134.5 BILLION in Treasury Bonds uncovered ... and they base their assessment from "a picture over the internet" ??????????????????????????

So many little pieces of bullshit all over this thing.

gilly

22-06-2009, 06:17 PM

I was counting on the mods to merge it.

A new topic seemed a good way to re-elevate awareness of this swindle.

I didn't want to seem peevish, tying your thread up with mine! :D

I'll do it now though, as I do think it makes life easier. :)

decim

22-06-2009, 06:19 PM

I didn't want to seem peevish, tying your thread up with mine! :D

I'll do it now though, as I do think it makes life easier. :)

No sweat.

elrafaargentino

22-06-2009, 06:20 PM

Regardless of the pictures ... why did it take more than 2 weeks for the treasury to speak out?

How did police reports of them being "indistinguishable" from genuine bonds, which was made with the US security services assisting the Italian authorities, morph into "they're shoddy" and in the Treasury statement, they were called "obvious fakes", which was determined by looking at a photo over the internet?????? (what the fuck ... excellent "forensic" science right there ... )

USD$134.5 BILLION in Treasury Bonds uncovered ... and they base their assessment from "a picture over the internet" ??????????????????????????

So many little pieces of bullshit all over this thing.

i totally agree. the answers are are to hilarious: fakes? not crime?
are you f***ng crazy!?!?

decim

22-06-2009, 06:22 PM

Italy & Japan "negotiating" the "cut" might well cause critical mass..

real6

22-06-2009, 06:22 PM

why a new thread?
Just throw it in the one that already exists ... then we don't have to jump back and forth between the two. :rolleyes:

Italian Police With Smuggled US Treasury Bonds - YouTube

Cause people are fucking retarted and dont do their homework maybe?

zero1

22-06-2009, 06:22 PM

From Ben Fulford, our man in Japan -

The Japanese arrested in Italy with $134 billion were part of a CIA black-ops

The Japanese citizens arrested in Italy last week carrying bonds worth $134 billion were part of a CIA black-ops linked to the Nazi faction, according to high level intelligence sources. The CIA front behind this operation is known as Mayflower and is linked to a malevolent Chinese faction that wishes to restore dynastic rule in China. One of the Japanese arrested was probably a Mr. Fukushima, who works for the puppet emperor of Japan and the CIA and the Rothschilds. The operation is also linked to former Japanese Prime Minister and Bush slave Junichiro Koizumi as well as the current CIA-bribed traitor Prime Minister Taro Aso. They were hoping to use the money in part to operate a massive psy-ops in Japan designed to keep the current slave government in charge after elections that must be held by September 11th of this year. For the sake of humanity and the planet, they must not be allowed to redeem those bonds. We can also add that as a direct result of these arrests that faction has contacted us and proposed talks in Switzerland. We will accept.

Links -

Source; bejaminfulford.com (http://benjaminfulford.typepad.com/benjaminfulford/)

The story; linked to as be text in bold quoted above from Fulford's site

whatdoesitmean.com (http://www.whatdoesitmean.com/index1241.htm)

Above is Sorcha Faal's site.

So...

yozhik

22-06-2009, 06:23 PM

Italy & Japan "negotiating" the "cut" might well cause critical mass..

But isn't this laughable in itself?
This is admission (if true) that it is at "sovereign nation" level. :)
Why have the two men never been named?
That is very unusual in a case of such magnitude.

decim

22-06-2009, 06:29 PM

But isn't this laughable in itself?
This is admission (if true) that it is at "sovereign nation" level. :)
Why have the two men never been named?
That is very unusual in a case of such magnitude.

Yes it is comical, but also revealing, in so much as if the Japanese are asking for the return of the bonds & Italy is asking for their "legal" cut of such shenanigans it would imply that the bonds are genuine. (as far as coming from the US Gov't, it doesn't rule out any cloning of bonds though)

The magnitude of this story, is of epic proportions.

real6

22-06-2009, 06:31 PM

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agTTqVJ0rhJI

Yosano Says Japan’s Trust in Treasuries ‘Unshakable’ (Update2)

* STORY
* PHOTO
* VIDEO
*

Yosano Says Japan’s Trust in Treasuries ‘Unshakable’ (Update2)
Share | Email | Print | A A A

By Keiko Ujikane and Takashi Hirokawa

June 12 (Bloomberg) -- Japanese Finance Minister Kaoru Yosano said his government is confident about the outlook for U.S. Treasuries, signaling the second-biggest foreign holder of the securities will keep buying them amid record sales.

“We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental,” Yosano, 70, said in an interview in Tokyo on June 10 before attending a Group of Eight meeting of finance ministers starting today in Italy. “So our trust in U.S. Treasuries is absolutely unshakable.”

China and Russia, the largest and third-largest single holders of the debt, have said they may switch some of their reserves out of Treasuries, and economist Nouriel Roubini said yesterday the dollar won’t always be the world’s reserve currency. Treasury yields fell today after Yosano’s remarks, retreating from a seven-month high.

“Japan is, of course, mindful that selling Treasuries will cause the yen to strengthen and that would hurt corporate profits,” said Chotaro Morita, chief strategist in Tokyo at Barclays Capital Japan Ltd. in Tokyo. “Even with their strong ties, it’s possible Japan would consider selling U.S. Treasuries should the dollar say, halve in value.”

Switch Holdings

Ten-year Treasury yields fell to 3.80 percent today after Yosano’s remarks from 3.86 percent yesterday. They advanced to their highest since Oct. 16 this week after Alexei Ulyukayev, first deputy chairman of Russia’s central bank, said on June 10 his country may switch some of its Treasury holdings to International Monetary Fund bonds.

“We may see complementary reserve currencies,” Roubini, the New York University economics professor who predicted the financial crisis, said yesterday in Athens. While it’s “not going to happen overnight,” the development “will diminish the role of the dollar over time,” he said.

U.S. President Barack Obama, who is projected to quadruple the nation’s budget deficit to $1.85 trillion in the year ending Sept. 30, has tried to assuage investor concern by pledging to cut the shortfall in half by the end of his first term. Obama may borrow a record $3.25 trillion this fiscal year, almost four times last year’s amount, according to Goldman Sachs Group Inc.

China Premier Wen Jiabao called in March for the U.S. “to guarantee the safety of China’s assets” and central bank Governor Zhou Xiaochuan has proposed a new global currency to reduce reliance on the dollar.

‘Complete Faith’

“We have complete faith in U.S. economic and fiscal policy,” said Yosano, who is also the minister in charge of Japan’s banking sector and economic policy. “The U.S. dollar’s position as the world’s reserve currency isn’t under threat.”

A strong U.S. currency benefits Japan by increasing corporate profits in yen terms and preserving the competitiveness of exports. A collapse in global demand and the yen’s 8.5 percent advance against the dollar since September caused earnings to tumble a record 69 percent last quarter.

Japanese investors are the biggest foreign holders of Treasuries after China with $686.7 billion of the securities in March, according to the Treasury Department. To reduce Japan’s investment risk, some lawmakers have argued the U.S. should sell yen-denominated debt, an idea Yosano said the government wouldn’t pursue.

“We have no intention of asking for that,” Yosano said. “It’s up to the U.S. to decide whether to issue dollar- denominated bonds or samurai yen-denominated bonds.”

Masaharu Nakagawa, finance spokesman of the opposition Democratic Party of Japan, said last month the government should ask the U.S. to sell debt denominated in yen, so-called samurai bonds, over his concern that the dollar may weaken.

Poets in Family

Yosano, a cancer survivor who became a lawmaker in 1976, is the grandson of Tekkan and Akiko Yosano, poets whose work is taught to school children. The son of a diplomat, Yosano is fluent in English and studied in Cairo for three years when he was a teenager. He graduated with a law degree from Tokyo University in 1963.

Under Yosano’s stewardship, Japan in April unveiled a record 15.4 trillion yen ($158 billion) stimulus package to pull the nation out of its deepest postwar recession. The minister said new measures may not be needed because packages announced since last year have already started to support the economy.

“We don’t believe the effect of the stimulus will fade,” Yosano said.

In the long term, Japan will need to reduce its reliance on exports and foster spending at home to sustain growth, he said.

“Ceaseless efforts are needed to create new technology and products,” Yosano said. “We need to increase domestic demand to invigorate the economy and make a significant contribution to global growth.”

To contact the reporter on this story: Keiko Ujikane in Tokyo at kujikane@bloomberg.net; Takashi Hirokawa in Tokyo at thirokawa@bloomberg.net
Last Updated: June 12, 2009 02:51 EDT

real6

22-06-2009, 06:32 PM

DPJ’s Nakagawa Says Treasuries Remark Personal, Not Party Policy

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

May 13 (Bloomberg) -- A senior member of Japan’s opposition party said his comment that the government should stop buying dollar-denominated Treasuries in favor of yen-denominated U.S. bonds didn’t reflect party policy.

Masaharu Nakagawa, chief finance official in the Democratic Party of Japan, said in an interview with the British Broadcasting Corp. that he was worried about the value of the dollar and that Japan should only buy yen-denominated bonds. He told Bloomberg News today in Tokyo that he was giving his personal opinion in the BBC interview.

real6

22-06-2009, 06:34 PM

Can we all read between the lines at these old news articles???

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aj0JstLwkxnE

Watanabe Says It’s Unrealistic to Ask U.S. to Issue Yen Bonds

By Keiko Ujikane

May 15 (Bloomberg) -- Hiroshi Watanabe, a former top currency official at the Japanese Ministry of Finance, said asking the U.S. to issue yen-denominated bonds is unrealistic.

“I don’t think it’s realistic that the nation with the world’s reserve currency would raise money in other countries’ currencies,” Watanabe, now president of the state-run Japan Bank for International Cooperation, said at a meeting with the press in Tokyo today.

Watanabe was responding to comments made by Masaharu Nakagawa, finance spokesman of the opposition Democratic Party of Japan, who said the government should ask the U.S. to sell debt denominated in yen, so-called samurai bonds, because he’s concerned about the dollar’s future value.

“It wouldn’t be that meaningful for Japan to ask the U.S. to issue samurai bonds,” Watanabe said.

Nakagawa said on May 13 that he had been expressing his personal opinion, not party policy, in an interview with the British Broadcasting Corp. that Japan should stop buying dollar-denominated U.S. government bonds. He confirmed saying he was worried about the value of the dollar and that it was preferable for Japan to only buy yen bonds. He also said the DPJ hasn’t formulated a policy about U.S. Treasury holdings.

Watanabe said the Japanese government is unlikely to sell its U.S. Treasuries because that may cause the dollar to plunge and the yen to surge, hurting exporters.

Japan is the world’s second-largest holder of Treasury notes, after China. Japan’s holdings rose 4.3 percent to $661.9 billion in February, according to a U.S. government report.

real6

22-06-2009, 06:35 PM

Japan May Scrap 50 Trillion-Yen Plan to Prop Up Stock Market

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_MWEZS.CDr8

May 28 (Bloomberg) -- Japan’s ruling Liberal Democratic Party may abandon a bill that would set aside 50 trillion yen ($520 billion) to buy shares from the market because stocks have rebounded from a 26-year low, lawmakers said.

“A system of buying stocks directly may provide a sense of relief when shares plunge,” Naokazu Takemoto, chief director of the LDP’s lower house finance committee, said in an interview in Tokyo on May 26. “But stocks have been stable, so the measures aren’t necessarily that essential.”

Investor optimism that the worst of Japan’s deepest postwar recession is over has led the recovery in the Nikkei 225 Stock Average, which tumbled a record 42 percent last year. Direct purchases would be the first among the Group of Seven industrialized nations and would affect prices more than the Bank of Japan’s program of buying shares from lenders to cushion their balance sheets.

“I don’t think there’s really a crisis in Japanese stocks to begin with,” said Naomi Fink, Japan strategist at Bank of Tokyo-Mitsubishi UFJ Ltd. in Tokyo. “It might even undermine Japanese equities because foreigners are going to say ‘wow, the government is propping up prices and how do we know whether it actually reflects the value of the firms or not?’”

The bill was submitted to parliament on April 27 as part of Prime Minister Taro Aso’s record 15.4 trillion yen stimulus package. Under the plan, the government would set up a state- owned entity to buy exchange-traded funds, which are instruments that track stock indexes, as well as equities listed in the indexes and related derivatives for three years.

Raise Money

The body would raise money by borrowing from the Bank of Japan or commercial lenders as well as issuing bonds, and the government would set aside 50 trillion yen to guarantee the investments.

Deliberations on the law haven’t taken place because the opposition Democratic Party of Japan, which controls the upper house, is against the measure. While the ruling coalition can use its two-thirds majority in the lower house to pass the bill if it’s rejected, Takemoto, 68, signaled the LDP may not force the bill through parliament.

“Whether we need to revote and pass the bill even after it’s defeated in the upper house depends on economic conditions,” Takemoto said. “People were split about the bill to begin with and even a majority of lawmakers regarded as economic experts in our party are opposed to the idea.”

Finance Minister Kaoru Yosano said on May 22 that “the argument is losing force” given that stock prices are recovering. The Nikkei has risen 34 percent since March 10, when it fell to 7,054.98, the lowest since October 1982.

Distort Prices

Masaharu Nakagawa, the DPJ’s shadow finance minister, said the party opposes the measure because it may distort stock prices. He said the government should consider buying stakes in financial institutions should plunging equities erode their capital.

“It goes against the market’s mechanisms to begin with,” Nakagawa, 58, said in an interview on May 26. “We’re absolutely against it. Even discussing it would look bad.”

As a separate measure, the government has already set aside 20 trillion yen to purchase stocks owned by banks to bolster their capital. The Bank of Japan has decided to buy 1 trillion yen of shares held by lenders to ease a credit squeeze.

The government last bought stocks owned by financial institutions from 2002 to 2006.

Yoshinori Ohno, an LDP lawmaker who compiled the bill, said even though equities have recovered, it’s important to show the government is committed to preventing a plunge of stock prices given the severity of the current financial crisis.

real6

22-06-2009, 06:37 PM

China cut its Treasury bond holdings by $4.4 billion in April, down to $763.5 billion. This was the first time its dropped in 11 months.

And earlier this month, Russia said it planned on cutting its Treasury bond holdings, too, down from the current 30% of its $400 billion-strong sovereign wealth fund.

http://seekingalpha.com/instablog/420590-marli/8420-did-the-japanese-try-to-dump-135-billion-in-us-bonds-on-the-black-market

Did the Japanese Try to Dump $135 BILLION in US Bonds on the Black Market?

Last Friday morning, Treasuries rallied as the Japanese Minister of Finance Kaoru Yosano went on the public record to say that his faith in US Treasuries and America’s ‘strong dollar policy’ was ‘unshakeable’.

See here:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agTTqVJ0rhJI

As far as I could tell, the Bloomberg article did not indicate that this statement was in response to any recent event, challenge, rumor or inquiry. In fact, it appeared to materialize out of the ether. The article stuck in my memory specifically because the Japanese opposition, the Democratic Party of Japan, issued a proclamation on May 12, 2009 to the effect that if elected, they would refuse to buy US government bonds. I dismissed it at the time as populist agitation, recognizing however that such a statement must at some level represent a weathervane of considerable public sentiment, something along the lines of Nikita Khrushchev’s “we will bury you” speech at the Kremlin in 1956.

As a made my usual round of blogs, major networks and syndicated news sites, an article popped up on my radar alleging that Italian police captured two unidentified Japanese men trying to illegally cross the border from Italy into Switzerland-carrying $134.5 billion dollars in US government bonds in a false-bottomed briefcase. At first, I chuckled at what had to be the boldest counterfeiting attempt of the century. Then my spider-sense started tingling.

The securities were divided among 249 certificates of 500 million each, along with ten other certificates each worth $1 billion respectively. The men captured were not named, nor to this date have they been charged with any crime. With the exception of two articles roughly three paragraphs long on Bloomberg.com, which at no point in time appeared on the main page and had to be dredged up via a keyword search, a follow-up search on Google, Bing and Yahoo! reveal an almost complete media blackout of what is at the very least, the most elaborate counterfeiting attempt we have ever seen in a generation, and at the worst, a sinister omen for the future of American debt.

There were no headlines on CNBC, MSNBC, CNN, the BBC, FOX business news, or any other western media network, whereas the article is already spreading like wildfire through the Italian, Swiss and Asian news networks. The articles first began appearing on June 11, exactly one day before Yosano began singing the praises of US Treasuries.

These denominations are strictly for government-to-government transactions and are not found in the private sector. The 16 primary dealers who make a market for US government debt are the only private sector organizations even remotely likely to have access to bonds of that size in paper or bearer form. However, the auction process is entirely electronic and has been so for decades ever since the Depository Trust and Clearing Corporation was established. This would suggest that these bonds, if real, belonged to a Central Bank.

As for forgery, any potential buyer who would be interested in buying government bonds in that denomination would not only have the technology sophisticated enough to authenticate then within seconds, but would need to have the financial networks and the banking infrastructure to make the transition from bearer bond form to transferable accounts, or cash. As such, it would be extremely difficult for a forger to make a successful market in denominations typically exclusive to central bank transactions because of the eyebrows it would raise. This is why art forgers generally try to avoid replicating Rembrandt and other high-profile old Masters. The values are so high, and the market so thin, that the white-hot intensity of the screening process would immediately expose all but the very best counterfeiters. As such, when such forgeries do occur at that level, they are almost never sold directly to auction houses. A forger must provide not only certificates of authenticity, but proof of fire and theft insurance with a major art insurer.

The identities of the men captured have been withheld, and as of this writing (pending further developments) there is nothing to indicate that they have been formally charged with a crime. The men captured are being treated with the courtesy normally provided to government agents. Colonel Mecarelli of the Guardia di Finanza in Italy said that he asked the SEC to verify the bonds authenticity, and that he expects a reply “within a few days” according to the Bloomberg article which can be read in its entirety here:

www.bloomberg.com/apps/news?pid=newsarch...

And then we have the suspicious comments uttered the following day by Yosano which were widely disseminated throughout the news media - with no immediate reference to what I have decided to refer to as the ‘Italian Incident’. The $134.5 billion in US government bonds would have represented roughly a third of the Japanese’ debt holdings. As such, any attempt to liquidate them openly would have resulted in a panic- and a potential collapse of the Treasury market.

The evidence as of this writing strongly suggests that a major Central Bank, most likely the Japanese, attempted to liquidate $134.5 billion dollars in US government debt on the black market, at what would have to be a deep discount. The ‘Italian Incident’ is perhaps the biggest news story never to hit the front page.

Assuming this is in fact the case, it means that the market for Treasuries is inefficient. Vital price signals that would have been sent through an open liquidation have been suppressed due to parallel market activity. These and other concerns have led to the increased popularity of TBT and ETFs that attempt to replicate the inverse performance of dollar and Treasury bond indices. I am not a fan of leveraged ETFS for reasons other than intra-day trading, but would strongly encourage investors to find ways both transparent and liquid to hedge their overall dollar exposures.

el jefe

22-06-2009, 08:14 PM

http://www.youtube.com/watch?v=eMU7zeZcFUg

Cause people are fucking retarted and dont do their homework maybe?

Wow, those look legit to me :D

el jefe

22-06-2009, 08:44 PM

Have we actually figured out if the US ever printed $1bil bonds?

zero1

22-06-2009, 08:52 PM

Have we actually figured out if the US ever printed $1bil bonds?

It would be kept a secret if they did. No doubt in my mind they have @ some time in the past.

yozhik

22-06-2009, 09:37 PM

Have we actually figured out if the US ever printed $1bil bonds?

From the OP;

What caught the policemen’s attention were the billion dollar securities. Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.

real6

22-06-2009, 09:39 PM

From the OP;

http://www.davidicke.com/forum/showpost.php?p=1068103&postcount=101

UPDATE - JUNE 20 1435 HRS ET -- The Turner Radio Network has obtained photos and video from the Guardia di Finanza (Italian Financial Police) showing the actual $134 Billion in U.S. Bonds, with coupons attached, which were caught being smuggled from Italy into Switzerland.

The bonds were intercepted in Chiasso, Italy at the border of Switzerland.

The Bonds were owned by the country of Japan since the early 1980's when printed bonds were still issued by the U.S. Treasury. Today, all such Bonds are done electronically.

The paper bonds below were being smuggled into Switzerland by employees of the Japan Finance Ministry so they could be sold, at discount, under the anonymity of Swiss financial laws. If no one knew Japan was dumping US Treasury bonds, it would not cause a panic worldwide as other nations dumped their US Treasuries too. Japan was rudely surprised when the two employees of the Japan Finance Ministry were grabbed at the Italian border.

Japan sent the $134 Billion in bonds to Switzerland because Japan has lost faith in the ability of the U.S. government to repay its debts and Japan wanted to sell the bonds at a discount off face value with the hope of recouping at least some of the money before the U.S.collapses economically.

Those of you around the world who are holding U.S. Treasury notes would do well to consult with a qualified financial planner to see how quickly you can dump any U.S. Treasury Bonds and any U.S. Dollars you may be holding before the U.S. suffers the economic collapse which is now unavoidable.

If you are left holding Bonds or Dollars, you will likely be financially wiped out when the US Government repudiates its debt because it simply cannot pay anymore.

In the photo below, the piles of Bonds which appear to have a cash-like top have a face value of five hundred million dollars each ($500,000,000) and the smaller Bonds at the bottom right of the table are "Kennedy Bonds" with a face value of one billion dollars each ($1,000,000,000)

The total face value of the bonds shown on the table below is one hundred thirty four billion dollars!

real6

22-06-2009, 09:40 PM

www.youtube.com/watch?v=eMU7zeZcFUg

el jefe

23-06-2009, 03:01 AM

From the OP;

I think they are more or less talking about the amount rather than the physical version of it.

Have there been real $500mil and $1bil paper bonds issued to China/Russia/Japan? Would we even be able to find out?

yozhik

23-06-2009, 03:31 AM

I think they are more or less talking about the amount rather than the physical version of it.

Have there been real $500mil and $1bil paper bonds issued to China/Russia/Japan? Would we even be able to find out?

I don't agree ... I might be wrong, but I don't agree.
The original article states "Such a large denomination" (singular) not "total".

In context, I took this to mean a USD$1 Billion denomination in a single bond.
USD$1 Billion in TOTAL bonds, would not be so unusual or draw attention.

Or have I misunderstood your meaning?

el jefe

23-06-2009, 05:50 PM

Oh I see now, ya denomination would signify the physicsal version of it. Wish we had more than a news article to verfiy these types of bonds ever existed

yozhik

23-06-2009, 06:06 PM

Oh I see now, ya denomination would signify the physicsal version of it. Wish we had more than a news article to verfiy these types of bonds ever existed

It has never been denied, which I find telling.

The Treasury spokesperson said there were no such things as Kennedy Bonds, which was proven to be a lie ... but no-one has ever said that USD$1 Billion denomination bonds did not exist.

el jefe

23-06-2009, 06:37 PM

One other thing, every source before the Treasury spoke up states they are Kennedy bonds. If this image Turner Radio Network received is legit:

http://images.turnerradionetwork.com/OneBillionDollarKennedyBond.jpg

Why were they calling them Kennedy Bonds if the word Kennedy nor his pic is nowhere to be found on it?

el jefe

23-06-2009, 06:45 PM

http://news.bbc.co.uk/2/hi/business/8113642.stm

The Guardia di Finanza has now sent the seized "bonds" to Washington, so that the US Treasury can let the Italians know whether they were or fake or not.

But already US Treasury spokesman Steve Meyerhardt, who has seen the photos, has few doubts.

"There's no way on earth these things are real," he says. "From the pictures we've seen of these supposed bonds, they certainly look fake. They don't look like anything the US Treasury has ever issued."

Why would they send them to the US if they are fake? Just destroy them....And still he not once mentions the US has never printed such denominations. Is BBC that far behind and didnt see the US Treasury statement from the 19th?

el jefe

23-06-2009, 07:14 PM

Well, there are people that stupid. In 2001, Phillipine authorities seized $2 trillion in fake Treasury bonds. A year before that, they seized $60 billion. A month before that, they seized $50 billion.

From the 2001 incident:

BBC News | ASIA-PACIFIC | Trillions of fake US bonds seized (http://news.bbc.co.uk/2/hi/asia-pacific/1180171.stm)

David Popp of the US Treasury Department said the fakes were of very good quality, but some of the bond denominations did not exist.

The US bonds were in denominations ranging from tens of thousands of dollars to $250m, while the counterfeit bonds of other countries had a face value as low as $30.

Mr Popp said the large bonds may have been meant for a major ''lost treasure'' swindle.

''Very frequently these fraudsters weave a tale that there are these long-lost Federal Reserve bonds hidden away or found in a plane crash,'' he said.

So this Treasury Rep from 2001 states the denominations don't exist but the US needed 16 days to look at pics and determine if these larger denominations existed?

el jefe

24-06-2009, 07:32 PM

Latest article:

http://english.chosun.com/site/data/html_dir/2009/06/24/2009062400686.html

Fake U.S. Bonds 'Manufactured in N.Korea'

It appears North Korea is printing counterfeit U.S. bonds. An Italian newspaper reports a recent mysterious case involving US$134.5 billion worth of counterfeit bonds has a North Korea connection. Earlier this month two Japanese nationals were caught in Italy allegedly trying to smuggle the bonds into Switzerland.

Il Messaggero says the fake bonds may have been manufactured in North Korea since the two men are North Korean agents and are believed to have been seeking to purchase weapons.

yozhik

24-06-2009, 07:37 PM

how convenient. :rolleyes:

... and yet recent reports stated they were japanese businessmen; Japan even confirmed they were Japan nationals, yes?

There were also strong suggestions they were on official Japanese business.
Weren't there also reports of Japan and Italy negotiating over the 40% "commission"?

Strange that this comes at the EXACT time North Korea states that if the US provokes it, North Korea will wipe the US, the world bullies, off the face of the earth.

Nice timing ... :D

smoke n mirrors

24-06-2009, 08:04 PM

@ el jefe,

Do you actually believe the US/Fed could be trusted on any issue concerning money or bonds?

If they could refute the legitimacy of a 20 year old bond, I have no doubt in my mind that they would. After all its their word against the holder and we all know how honest the Fed is. :rolleyes:

.

el jefe

24-06-2009, 08:08 PM

Do you actually believe the US/Fed could be trusted on any issue concerning money or bonds?
Nope, but millions of people are clueless and would rather side with a MSM article stating a US Treas Rep said they were fake. At least thats what Ive gotten from all the threads Ive started on this.

yozhik

24-06-2009, 08:09 PM

real6

24-06-2009, 08:13 PM

Securities seized in Chiasso still between a wall of silence and a flow of disinformation

http://www.asianews.it/index.php?l=en&art=15588

Neither Italian nor US authorities have officially said whether the seized US Treasury bills worth US$ 134.5 billion are real or fake. A US Treasury spokesperson said they were fakes, but acknowledged that he only saw them in a photo on the internet. For Italy’s financial police, if they are forgeries, they are practically indistinguishable from the real stuff. Both the US Federal Reserve and the Bank of Japan have an interest in denying their authenticity.

Milan (AsiaNews) – Italy’s financial police (Guardia di Finanza) seized US$ 134.5 billion last 3 June. In the following days the news hit the front pages of Italian newspapers and became a major story in the country’s news broadcasts.

AsiaNews is a missionary news agency, not an economic agency and began reporting the story a few days later (8 June) noting how foreign media were ignoring news of such importance which could have major social and economic implications for Asia (and the rest of the world) and this irrespective of whether the bills were real or not.

Despite the many uncertain explanations, one thing is certain, namely that the major print and electronic media and the authorities have said almost nothing about it.

So far the only official statement made by any government authority is that by the Italian financial police, on 4 June, right after the money was seized. The only new piece to this big puzzle is information from Japanese agencies which cite Japanese consular sources.

According to them, the two Asian men stopped at Ponte Chiasso (Italy) on their way to Chiasso (Switzerland) were indeed Japanese nationals, one from Kanagawa Prefecture (central Japan) and the other from Fukuoka Prefecture (western Japan).

The only other certainty is that both men were released after their identity was established.

If police had enough elements to conclude that the securities were fakes (and this is true even for lower denominations or net worth), it had to arrest the two men. Failure to do so would have meant charges for the police officers involved.

If this was not the case, then the two men were released because police authorities were convinced that the securities were real. In fact under Italian law, the authorities could not arrest the two Japanese nationals but could only impose a fine worth 40 per cent of the value of anything above 10,000 €.

If this did not happen, there is only one other possible explanation, namely that an order from higher up the chain of command in the government came on national interest grounds.

Neither the Guardia di Finanze nor any other Italian government agency has released an official comment or statement on the matter one way or the other. It is not even known if a written fine was issued (had it been it would indicate that the securities were real for the police).

All that AsiaNews can conclude is as follow:

The first report by an international news agency is dated 12 June and is by Bloomberg. It includes something odd. Some of the seized securities were issued in 1934; a detail not found in the statement issued by Italy’s financial police.

One can argue from the facts that this detail could have indicated in which direction someone was trying to move the affair, i.e. towards the idea that the bills were fakes.

Conversely, we do know that the US treasury did issue one billion dollar Kennedy Bonds less than ten years ago, like those mentioned in the police’s official statement of 4 June, but whether the latter are real or not is something that has not yet been officially determined.

So far little has been said about who the two Japanese men really are. Given what the securities are worth this is understandable, albeit unusual.

Two weeks after the story initially broke Bloomberg quoted a US Treasury official, Stephen Meyerhardt, who could claimed that the securities were “clearly fakes”. Yet in another interview Meyerhardt said that he had not seen the securities in person but had relied on a photo on the internet to reach his opinion.

Also, two weeks into the affair, after Italian and US authorities were informed about the seizure, no one from the US Treasury has yet to come to Italy to check out their authenticity; indeed such a simple operation if we are to believe Mr Meyerhardt since he could reach that conclusion just by looking at an internet photo and this against the backdrop of the Italian financial police which claims that if the securities were indeed counterfeit they were so well done that they were indistinguishable from real ones.

What this means is that either the Italian policemen are totally incompetent (which is not very likely) or that Meyerhardt’s statement should be taken with a pinch of salt.

Since no official statement has been forthcoming from the authorities, all we have to rely on is an interview by the commander of the Guardia di Finanza detachment in Como to a news agency in which he expressed his own opinion, not that of his force, which is thus not formally bound by what he said. Even then, as far as the authenticity of the securities is concerned all Colonel Mecarelli would say is that Italy’s financial police “is waiting for our US colleagues to determine whether the bonds are real or forgeries.”

Whatever the case may be, the fact that two weeks into the affair US experts in counterfeit securities have not yet arrived in Italy raises more than one question; after all we are talking about US$ 135.4 billion.

Often considered a good authority in journalism, London’s Financial Times seems to have jumped to the wrong conclusion when in a recent article it claimed that the seized faked securities were the “the latest handiwork of the Italian Mafia”, thus accepting uncritically that the US Treasury bills were fakes. In fact it did not show how they were linked to the mafia.

Confidential sources, whose reliability AsiaNews could not confirm, claim that one of the two Japanese stopped and then released in Ponte Chiasso was Tuneo Yamauchi, brother-in-la of Toshiro Muto, who was until recently Deputy Governor of the Bank of Japan, which of course does not automatically mean that the securities are real.

However, other sources are saying that for Italian authorities they are real and that Rome is unwilling to play along with the US Federal Reserve, which described them as fakes without taking a peak at them, except via the internet.

What seems clear is that the Federal Reserve has a vested interest in helping the Bank of Japan get the Securities back to avoid paying the Italian fine. The Fed in fact is having a hard time trying to sell its bills on various markets and the Japanese are its main buyers.

At the same time the Berlusconi administration in Italy, despite its popularity and electoral successes, could come under pressure at home if the securities are actually real and it came out that it was unwilling to enforce its own laws on Italian territory.

smoke n mirrors

24-06-2009, 08:14 PM

Nope, but millions of people are clueless and would rather side with a MSM article stating a US Treas Rep said they were fake. At least thats what Ive gotten from all the threads Ive started on this.

Thats the problem with governments and bankers that tell lies, and cheat and swindle people. Eventually nothing they say can be trusted and with good reason! :rolleyes:

Heres another thread for you http://www.davidicke.com/forum/showthread.php?t=69837 :)

Enjoy

.

real6

24-06-2009, 08:18 PM

http://cultandpaste.com/2009/06/23/operation-chiasso-the-money-mover-maneuver-snafu/

The largest international financial smuggling conspiracy event ever…. went down on Wednesday June 3, 2009, in the remote Italian-Swiss border town of Ponte Chiasso. Two “Japanese” men, who have yet to be named, were allegedly carrying USD $134.5 billion worth of financial instruments. The Guardia Italiana di Finanza who is carrying out the investigation claims to have tracked the men from Milan where they boarded a train for Lugano, but transferred en route to a local train to cross over the border. In a hidden compartment of a suitcase, officials found 249 US Federal Reserve bonds each worth $500 million, plus ten Kennedy bonds with face values of $1 billion. One of the men is reported to be from Kanagawa prefecture, the other from Fukuoka. Here’s a Japanese news report.

Anonymous bearer bonds are the medium of choice when it comes to laundering money internationally. You can carry a ginormous amount around on a piece of paper, and as long as it's in your hand, you own it- no signatures, no notaries... puff, puff, give. The security on these things is so problematic that the Treasury hasn't been known to issue solely paper notes since the early 80's. They've since tried to keep a registry of sorts on who is holding what debt and track down all outstanding paper trails from years gone by.

But it's tricky. The Germans were making fake bonds during WWII, in an attempt to destabilize Allied economies. Operation Bernhard was intended to drop banknotes and bonds from passing airplanes over Britain.... the deposit never materialized, but the notes did. Even the CIA has had some forged bonds printed here and there. Some of these went down with a DC-10 plane crash in the Philippines and ended up in the hands of MILF rebels among others (note- there are entire islands under the control of MILF forces- the Moro Islamic Liberation Front- in the Philippine archipelago). Some of these notes surfaced in San Diego in 2004.

As for the Italian job, a spokesperson for the US treasury department, Stephen Meyerhardt, has stated that the notes are "clearly fakes" but even that claim was based on an internet photo assessment. The only official statements regarding the whole fracas were those made by the border patrol on June 4 right after the "instruments" were seized and the report issued by Colonel Rodolfo Mecarelli of the Como provincial finance police when the two men were released.

If the bonds are phony, why were the men released? Fraud after all is a crime, and if there was legitimate evidence that the US bonds were going to be put up as collateral for Swiss francs or Euros, the men could be held for conspiracy to commit fraud. However, if the bonds were in fact real... under Italian law, the men cannot be arrested. They can only be fined for exceeding the legal take-out limit of 10,000 euros. Incidentally the fine is 40% of the amount found.... and that 40% would go straight to the government of Italy- who probably wouldn't want to talk about it.

And that's where the fun begins.

http://blogs.warwick.ac.uk/images/mhillebrandt/2008/04/15/berlusconi.jpg

Problem I.

If these bonds are fake... they're still very expensive to make, or at least keep other people's grubby hands off of: Where did they come from? Who made them? Are there more? Where were these guys headed? Why were they carrying them in a suitcase and not under better cloak and dagger? Even Don Johnson knows traveling in Switzerland requires a Mercedes and some henchmen.

Problem II.

If these bonds are real:

Who wins? 40% of 134.5 billion is a lot of money that goes straight to Italian coffers. That could clear up a good chunk of the nation's debt. Does the rest come back to America? Was this planned as some kind of payoff to Fiat for helping cover the auto failure?

Who loses? was Japan caught trying to secretly drop their American good faith? Or is this some kind of arranged deal to preemptively knockout Japan's attempt? In the days after this report surfaced, the Japanese Finance minister resigned. Japan has stated publicly it is steady with it's holdings. These may be completely independent events. The Japanese guys may or may not even be Japanese. One Italian news site reports that atleast one of the men is a well known Filipino con man named Yohannes Riyadi....another Asian news affiliate suspects one of the men could be Tuneo Yamauchi, a brother-in-law of Mr. Toshiro Muto, who was until recently Deputy Governor of the Bank of Japan.

The Human need to pattern keeps the internet awash with plenty of conspiratorial debauchery.

June 23, 2009 - Posted by cultandpaste | Miscellany | 134.5 billion bearer bonds, Bernhard Krüger, Bernhard Krueger, central bank dump, Chiasso train station, Conspiratorial debauchery, counterfeit treasury bonds with kennedy's picture, Division 39, Don Johnson 8 billion Switzerland Germany, fake bonds italy, ginormous amount of money, Guardia italiana di Finanza and the great muppet caper, Japanese men on a train in Chiasso, Joseph Daraman, Largest bank robbery in history was in Baghdad, largest fake financial instrument ever blown, MILF island captured, Operation Bernhard, Over the counterfeit, Salomon Smolianoff, Seán Garland, superdollar found, Wilfredo Saurin, Yohannes Riyadi | No Comments Yet

real6

24-06-2009, 08:23 PM

From a blog in Japanese:

http://yamaji.iza.ne.jp/blog/entry/1091276/

One of involved two Japanese men is Tuneo Yamauchi. He is brother-in-law of Mr. Toshirou Mutoo, former deputy Governor of Bank of Japan.

real6

24-06-2009, 08:25 PM

http://www.boj.or.jp/en/theme/public/koen/koenlist/dgovernor/muto/index.htm

el jefe

24-06-2009, 08:30 PM

All that AsiaNews can conclude is as follow:

The first report by an international news agency is dated 12 June and is by Bloomberg. It includes something odd. Some of the seized securities were issued in 1934; a detail not found in the statement issued by Italy’s financial police.
Wow I had not realized this

Conversely, we do know that the US treasury did issue one billion dollar Kennedy Bonds less than ten years ago, like those mentioned in the police’s official statement of 4 June, but whether the latter are real or not is something that has not yet been officially determined.
woh woh woh, wheres the proof? Everyone email them and ask about this ^

Also, two weeks into the affair, after Italian and US authorities were informed about the seizure, no one from the US Treasury has yet to come to Italy to check out their authenticity;
Exactly my point

el jefe

24-06-2009, 08:31 PM

real6

24-06-2009, 08:33 PM

seriously?

No bullshit my brother....

Also take this into consideration...

Obama & Japan’s Interior Minister Kunio Hatoyama be involved plus the internationa bankers 'Which they are"?

http://wasatchecon.wordpress.com/200...ng-tarp-funds/

The WSJ reported on March 30 that Treasury Has $134.5 Billion Left in
TARP…”The Treasury Department said it has about $134.5 billion left in
its financial-rescue fund, giving the Obama administration a cushion
as it implements expensive programs aimed at unlocking credit markets
and boosting ailing industries”….

And this is what these 2 Japanese business men had in a suitcase...

Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.

el jefe

24-06-2009, 08:35 PM

You use a translator or where did "One of involved two Japanese men is Tuneo Yamauchi. He is brother-in-law of Mr. Toshirou Mutoo, former deputy Governor of Bank of Japan." come from on the page?

Found this from the 18th, seems were behind the times...

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_S/threadview?m=tm&bn=72878&tid=111099&mid=111391&tof=14&frt=2

real6

24-06-2009, 08:36 PM

Toshiro Muto: Challenges facing Japan's economy – a case for structural reform

http://www.bis.org/review/r070913e.pdf

Toshiro Muto: Challenges facing Japan’s economy – a case for structural reform
Speech by Mr Toshiro Muto, Deputy Governor of the Bank of Japan, at the Japan Society, London, 7 September 2007.
* * *
It is my great honor to speak to you today, the esteemed members of the Japan Society. When I was last invited to speak here in 2004, the Japanese economy was just coming out of a protracted downturn after the collapse of the bubble and was at last moving onto a full-fledged recovery path. Japan's economy has since continued its growth and I am happy to report to you today that the recovery, which started in 2002, is now in its sixth year and has become the longest in the postwar era.
I. Current economic situation in Japan
First, let me briefly discuss the current Japanese economic situation. Japan's economy has been experiencing a sustained period of growth at the rate of around 2 percent, which is slightly above the potential growth rate, supported by strong external demand and stable domestic demand.
Conditions in the corporate sector are particularly good. According to the Tankan (Short-Term Economic Survey of Enterprises in Japan), a business survey conducted by the Bank of Japan, the ratio of firms' current profits to sales is at a record high and corporate fixed investment this fiscal year is likely to register its fifth consecutive year of growth.
Those favorable conditions in the corporate sector are gradually but steadily feeding through to the household sector. Although wages are not yet rising, as I will discuss in more detail later, household income is trending upward via several channels, for example, increases in the number of employees and in dividends, and private consumption is steady. Under those circumstances, the utilization of resources such as production capacity and labor is increasing. The unemployment rate has come down to 3.6 percent for the first time in nine years.
There are two main factors behind Japan's continued economic growth. The first is growth in exports on the back of the global economic expansion. The extension and deepening of the international division of the production process, particularly in Asia, along with rapid growth in newly industrialized economies, have together greatly contributed to the growth of our economy.
The second is the recovery of strength in the corporate sector along with the restoration of stability in the financial system. From the latter half of the 1980s, the formation and subsequent collapse of the economic bubble left firms burdened with excesses in debt, production capacity and labor, and financial institutions with significant holdings of nonperforming loans. Firms have since restructured their business lines and improved their financial standing, while the rate of banks' nonperforming loans has been reduced from a peak of above 8 percent to below 3 percent. I think it is fair to say that those impediments have now mostly been removed.
II. The price situation
On the price front, there is not yet any evidence of inflationary pressure despite steady growth in the economy. The annual rate of change in consumer prices (excluding fresh food) stayed negative from fiscal 1998 through 2004. Although small but positive in both fiscal 2005 and 2006, the recent figures are again negative, albeit marginally.

The absence of inflationary pressure despite steady growth in the economy is one of the distinctive features of the current recovery and also a somewhat puzzling phenomenon. Behind it, I believe, lie three changes affecting the formation of prices and wage-setting.
The first is the advance of economic globalization. As globalization proceeds, competition with newly industrialized economies that enjoy lower labor costs has been compelling firms to raise productivity and to retain their restrictive stance on labor costs, together with greater exposure to the discipline of the capital market.
The second is the influence of deregulation. Even nonmanufacturing firms, which are relatively unexposed to the global market, find themselves in a fiercely competitive environment as deregulation and realignment of the industry continues.
Attitudes on the part of employees could be listed as the third change. Employees, having experienced a protracted period when the employment situation was severe, still tend to prefer stable employment to wage increases.
Taking a rather longer perspective, however, the environment surrounding prices is likely to change gradually. First, with the economy continuing to grow steadily, overall supply and demand conditions are likely to tighten.
Second, labor market conditions are becoming tighter, as indicated by the decline in the unemployment rate. That will eventually lead to rising wages although this may be gradual.
Third, surveys of inflation expectations in the private sector suggest moderate rises in prices ahead. Given those factors, the annual rate of change in our consumer prices is expected to be around 0 percent in the short run, but gradually to rise in the longer run.
III. The conduct of monetary policy
I will now turn to the conduct of monetary policy. In a situation where prices are not rising while the economy is growing steadily, the Bank has been adjusting the level of interest rates in a gradual manner. Our policy interest rate, the call rate, now stands at 0.5 percent after being raised twice since the termination of the quantitative easing policy in March 2006.
The Bank has no plans to abandon this basic idea about the conduct of monetary policy. In other words, while assessing the situation of the economic activity and prices in a forward-looking manner, if the Japanese economy is deemed likely to follow a path of sustained growth under price stability, the Bank intends to adjust the level of interest rates gradually in accordance with improvements in the economic and price situation.
At the Monetary Policy Meeting in August, we decided to keep our policy interest rate unchanged. The Japanese economy is expected to continue to enjoy sustained growth. However, global financial markets have been exhibiting some volatility recently, triggered by the subprime mortgage problem in the United States. Although that seems basically to reflect a reevaluation of risk by investors, we believe that the market situation deserves close attention, along with the global economic developments. We will carefully assess incoming economic data and other information as well as the financial market situation both at home and abroad, so as to ensure appropriate policy decisions.
IV. Challenges facing Japan's economy
So far, I have explained the path of Japan's economy to date, and also our thoughts on the conduct of monetary policy. I hope that the economy will remain on a stable growth path and will be able to match the UK's record 15-year expansion. However, I am aware that a number of domestic issues, such as the declining birth rate and population aging along with the need for fiscal consolidation, have made some people skeptical about the future of Japanese growth. I will use the rest of my allotted time to talk about three issues, and to explain how they are being dealt with.
The first issue is the declining birth rate and the aging population. Although the problem is being experienced by many leading economies, the situation is especially serious in Japan. It is not easy to maintain the pace of economic growth when the working-age population, of those aged between 15 and 64, is decreasing at a rate of nearly 1 percent a year.
Under such circumstances, society's key task is to bring those members of the elderly and female population who are willing to work into the workforce. Firms, as a move toward solving the problem, have been diversifying their employment patterns. As a result of such efforts, labor force participation rates among the females and the elderly are increasing and the total number of employees is growing at around 1 percent a year despite the diminishing working-age population.
Considering the labor market over the longer term, however, there is evidently a need to start exploring other possible measures to deal with the declining population. For that point, I am informed that the UK has accepted around 6 hundred thousand immigrants in the last three years and they are contributing to the growth of the UK economy. Japan too needs to consider accepting more foreign workers, while paying due attention to its impact on Japanese society as a whole.
The second issue is fiscal consolidation. Basically, I believe that it should be carried out in as transparent a fashion as possible. The long-term path of fiscal consolidation and its measures should be spelt out clearly in advance.
As for the pace of consolidation, it is important that it should be measured, with each step taken in confidence that the economy remains on a sustainable growth path. That is how fiscal consolidation has proceeded to date.
The Japanese government, while establishing a precise target for how much they intend to reduce fiscal expenditure, aims to achieve a surplus on its primary balance by the early 2010s. The primary balance deficit, which expanded to around 6 percent of GDP in fiscal 2003, is expected to fall to around 0.9 percent this fiscal year. Spending on public works for this fiscal year, in particular, has declined to around half its peak in fiscal 1995. The amount of the reduction is large, corresponding to around 4 percent of GDP.

Yet even with such steady progress in fiscal consolidation, the public debt, at over 140 percent of GDP, is still the largest among leading economies. The government's next step is to secure a stable reduction of this rate by the mid-2010s. It will be a considerable challenge when social security expenditure is increasing due to the aging population. And additional measures to reduce expenditure and maintain revenue levels, including possible changes in the consumption tax, should be examined, following nationwide discussions.
The third issue is the intensification of competition with newly industrialized economies. Particularly during the period after the collapse of the bubble economy when Japan was undergoing heavy economic adjustments, the growing presence of newly industrialized countries tended to be regarded as a threat to Japan's competitiveness.
In recent years, however, Japanese firms have become better adapted to the situation and a new international division of the production process, concentrated in Asia, has been established. That is evidenced by the changing composition of Japan's imports from Asian countries. The composition has been gradually shifting away from labor-intensive products, such as clothing and other light manufacturing goods, toward machine products that require a relatively high degree of processing, such as IT-related machinery. Against that background, intra-regional trade has been expanding. Japan has been exporting high-tech parts and importing final goods from Asian countries assembled utilizing the abundant labor force in the area.

real6

24-06-2009, 08:36 PM

smoke n mirrors

24-06-2009, 08:40 PM

@ el jefe,

This was a link in the tread I posted for you just now...http://benjaminfulford.typepad.com/benjaminfulford/

.

el jefe

24-06-2009, 08:41 PM

@ el jefe,

This was a link in the tread I posted for you just now...http://benjaminfulford.typepad.com/benjaminfulford/

.
I dont doubt this is far from the truth at all:

"There is now a secret war going on between the royal families who have real treasure (the British, the Chinese, the Thai etc.) and the aristocratic families who own dollar and Euro printing presses. At stake is the future of this planet. The owners of the real treasure want to start a new financial system backed by metals and start a campaign to permanently end war, poverty and environmental destruction. The owners of the money printing presses want to continue their cycle of perpetual war and terror in order to keep control over humanity. "

real6

24-06-2009, 08:48 PM

@ el jefe,

This was a link in the tread I posted for you just now...http://benjaminfulford.typepad.com/benjaminfulford/

.

About the $134.5 billion bonds found in Italy and the secret financial system

There is a lot of confusion these days among people who still believe the Zionist web of lies formerly known as the “mainstream consensus.” The story about the $134.5 billion in bonds found in Italy is adding to that confusion. Perhaps a bit of background information will help clarify the situation somewhat.

First of all people need to realize that there are two sets of books used in global finance: the “official” data put out by government agencies etc. and the secret financial arrangements used between sovereign entities (countries as well as organizations). When members of the British and Japanese royal families first contacted me and started talking about thousands of trillions of dollars, I thought they were bonkers. Officially world GDP is $55 trillion so their numbers seemed impossible. However, after meeting multiple sources ranging from freemasons, to yakuza, to MI6 to Japanese security police, to CIA etc. I can now confirm there is a secret financial system whose total worth is “quintillions of dollars.” I think the numbers got this big as a result of some sort of ridiculous contest to see who had the largest penis among the folk who control the printing presses for dollars and euros etc.

In any case, the bonds found in Italy are connected to a massive operation that took place in the Far East before and during WW2. Part of that involved the Japanese invasion of Manchuria. When the Japanese invaded Manchuria in 1931 the owners of the Federal Reserve Board contacted the Chinese emperor and said “the Japanese are about to steal the treasure you have in Manchuria. How about we take that treasure to the Philippines for safe keeping? In exchange we will give you 70-year US government bonds that you can use to buy stuff from around the world.”

The emperor agreed to the deal and the Americans started issuing huge numbers of bonds backed by the emperor’s gold. To keep these shenanigans out of the US public eye, they printed the bonds in the Philippines. Some of these bonds are the ones the two Japanese were carrying in Italy.

This whole thing also ties into 911 big time. When the emperor made his deal with the Feds he asked them what would happen when the bonds came due and the Feds refused to pay back the principal. He was told US criminal authorities would take action.

The owners of the Fed thought they would never have to pay back the money because they thought the last emperor died as a gardener in communist China. What they did not realize was that the man in China was a double and that the real emperor escaped to Taiwan. His grandson, the current emperor, is now the dean of a University (I know his name and what university but to protect him I cannot tell).

The grandson had many other treasures in addition to the one taken to the Philippines and so he sued the Feds using top lawyers. A giant investigation was set up in the US involving the Treasury police, the Naval Office of Investigations, the FBI and Cantor Fitzgerald Securities. When first bonds came due for redemption on September 12, 2001, they were set to move against the Feds.

Well by lucky coincidence on September 11, 2001 “Al CIADA” bombed the Naval Office of Investigations, etc. out of existence and the investigation was temporarily blocked as the US was turned into a fascist dictatorship (if you do not understand this find a copy of the Nazi laws and compare them to the patriot act).

There is now a secret war going on between the royal families who have real treasure (the British, the Chinese, the Thai etc.) and the aristocratic families who own dollar and Euro printing presses. At stake is the future of this planet. The owners of the real treasure want to start a new financial system backed by metals and start a campaign to permanently end war, poverty and environmental destruction. The owners of the money printing presses want to continue their cycle of perpetual war and terror in order to keep control over humanity.

The Japanese arrested in Italy were part of that secret war and they were released immediately and sent on their way with their bonds. There is so much contradictory information from the Italian Treasury Police, MI6 and Japanese military intelligence sources that I cannot say whose side these guys were on. I am just glad the astronomical numbers released to the corporate media created congnitive dissonance among the still brain washed.

el jefe

24-06-2009, 10:39 PM

Seems TRN is lying...

Just found this article from March 2006:

http://www.thesmokinggun.com/archive/0315062billion1.html

Turner Network is using the pics from this bust involving a guy from South Korea:

http://i.cdn.turner.com/trutv/thesmokinggun.com/graphics/art3/0315062billion2.jpg
http://i.cdn.turner.com/trutv/thesmokinggun.com/graphics/art3/0315062billion3.jpg

el jefe

24-06-2009, 10:44 PM

Damn how many times has this been attempted:

http://www.bizjournals.com/denver/stories/2002/10/07/daily40.html

yozhik

24-06-2009, 10:44 PM

Seems TRN is lying...

Turner Network is using the pics from this bust involving a guy from South Korea:

Gee ... what a surprise.
MSM lying and using misleading pictures? :eek: ... unheard of ... must be the first time THAT has EVER happened!!!

:rolleyes:

el jefe

24-06-2009, 10:48 PM

Gee ... what a surprise.
MSM lying and using misleading pictures? :eek: ... unheard of ... must be the first time THAT has EVER happened!!!

:rolleyes:

Actually TRN is the only one to post the image of the billion dollar bond. We still havent seen them except for the 11 second vid that was posted. Someone put that 06 article on TRN's comment section. I bet this story will be removed shortly....

http://www.turnerradionetwork.com/index.php?option=com_content&view=article&id=59:employees-of-japan-finance-ministry-arrested-in-italy-trying-tosmuggle-134-billion-in-us-treasuries-in-suitcases&catid=1:latest-news&Itemid=50#June20Update

From Ben Fulford, our man in Japan -

Links -

Source; bejaminfulford.com (http://benjaminfulford.typepad.com/benjaminfulford/)

The story; linked to as be text in bold quoted above from Fulford's site

"The Japanese arrested in Italy with $134 billion were part of a CIA black-ops

The Japanese citizens arrested in Italy last week carrying bonds worth $134 billion were part of a CIA black-ops linked to the Nazi faction, according to high level intelligence sources. The CIA front behind this operation is known as Mayflower and is linked to a malevolent Chinese faction that wishes to restore dynastic rule in China. One of the Japanese arrested was probably a Mr. Fukushima, who works for the puppet emperor of Japan and the CIA and the Rothschilds. The operation is also linked to former Japanese Prime Minister and Bush slave Junichiro Koizumi as well as the current CIA-bribed traitor Prime Minister Taro Aso. They were hoping to use the money in part to operate a massive psy-ops in Japan designed to keep the current slave government in charge after elections that must be held by September 11th of this year. For the sake of humanity and the planet, they must not be allowed to redeem those bonds. We can also add that as a direct result of these arrests that faction has contacted us and proposed talks in Switzerland. We will accept."

whatdoesitmean.com (http://www.whatdoesitmean.com/index1241.htm)

Above is Sorcha Faal's site.

So...
Anyone heard anymore from Fulford on this? Reliable? I had never heard his name until a couple hours ago. Been watching his Illuminati vids on youtube especially his interview with David Rockefeller. Intriguing to say the least

yozhik

24-06-2009, 10:56 PM

Sorcha Faal ? :eek:

Why is that name at the bottom of the story?
Well known fictitious author of "entertainment" articles :(

Interesting theory, but if its linked in ANY way to "Sorcha Faal", it desperately requires confirmation from a more reliable source :)

el jefe

24-06-2009, 11:05 PM

Doesnt seem to be linked. Not sure why that link appear but at the top it shows Bens site is where the CIA story comes from.

I wonder how much more I can type CIA in my posts before I get a knock on my door....

real6

26-06-2009, 06:06 PM

http://www.bloomberg.com/apps/news?pid=20601080&sid=aQ32BuBoC5Ak

Citigroup Inc. was ordered by Japan’s financial regulator to suspend marketing of banking services to individuals for a month, after failing to put in place adequate internal controls to prevent money laundering.

The Financial Services Agency told Citibank Japan Ltd. to halt retail banking sales from July 15 to Aug. 14, except in cases where the company is approached by customers, the regulator said in a statement in Tokyo today. It also ordered the bank to improve governance and control systems.

The regulator found Citigroup had “fundamental problems” with its compliance, including systems to detect and monitor suspicious transactions. The New York-based bank failed to implement an improvement plan it submitted after it was forced to close its private banking business in Japan in 2004 for a similar failure, the watchdog said.

Citibank Japan didn’t update a database used to screen suspicious transactions since 2004, and management officials “lack an understanding of the rules applied in Japan, such as laws and regulations, and an awareness of improvement,” the regulator said in its statement.

Citigroup will comply with the regulator’s order and will submit an improvement plan by July 31, the company said in a statement. The order won’t have any impact on business with institutional clients, the bank said.

“We apologize deeply and take the situation seriously,” the company said in the statement.

real6

29-06-2009, 03:41 PM

Did anyone else see this?? 134.5 Billion USD seized in Italy from two Japanese men; Amount of TARP on March 30, 134.5 billion

http://www.dailypaul.com/node/96168

I don't know if they are legit or not, I don't think people would be stupid enough to counterfeit such large amounts, but if it's real,
this is our money, we should know what's going on.

Another reason to audit the fed, but I'd prefer charging them for treason.

http://www.asianews.it/index.php?l=en&art=15505&size=A

http://www.businessinsider.com/italy-seizes-a-ridiculous-135-billion-worth-of-smuggled-us-bonds-2009-6

el jefe

29-06-2009, 05:57 PM

You and I posted this info on the TARP amount left over back on page 2 or 3

real6

29-06-2009, 06:10 PM

You and I posted this info on the TARP amount left over back on page 2 or 3

SO many pages i cant keep track

el jefe

29-06-2009, 06:39 PM

Looks like the media is done with this. No new news articles anywhere....Asia News never wrote me back

smoke n mirrors

29-06-2009, 06:43 PM

The cleaners, must be struggling to sweep all the current crap under the carpet.

.

real6

02-07-2009, 05:14 PM

http://www.asianews.it/index.php?l=en&art=15648

Everything suggests that the American bonds seized at Chiasso are real

Official U.S. sources continue to say they are fakes, but there is no news that American experts have inspected them in person. Arrested for another matter, the director of a U.S. radio who says the bonds are real and Japan was trying to sell in Switzerland, not trusting the ability of the United States to honour its debt.

Milan (AsiaNews) – Four weeks have passed since American bonds were confiscated from two Japanese who were travelling on a direct train to Chiasso, Switzerland, and while there has been clarification of some points, very few, Italian authorities have remained silent on the rest of the episode.

In addition, a strange coincidence in the timing of the arrest of a director of an internet radio who had made revelations regarding the incident increases the already strong oddities surrounding the case. This added to the revaluation of the fact that among the evidence seized there were "Kennedy Bond" all points toward the authenticity of the items seized by the Guardia di Finanza (GdF) in early June.

The major English-speaking newspapers ignored the story for a couple of weeks. They only started to report on it after the Bloomberg agency carried a story on 18 / 6, in which a spokesman for the Treasury, Meyerhardt, declared that the bonds, based on photos available on the Internet, were "clearly false." The same day, the Financial Times (FT) published an article whose title laid the blame for the (alleged) infringement at the feet of the Italian Mafia, despite the fact that the article failed to make even one possible connection with the episode in Chiasso. Nevertheless, the version of events as reported in FT was taken up by others as being "appropriate" (given that it is a very common cliché about Italy and it is a sequester that took place in Italy) and in the end "colourful." It’s a pity that it goes against all logic: that the Mafia tried to pass unnoticed in its attempt to dump fake bonds amounting to 134.5 billion dollars and moreover were to "stung" a mere step from their gaol, is not very credible.

Most recently last week, 25 / 6, the New York Times reported on the story in particular, the allegations of CIA spokesman, Darrin Blackford: the U.S. Secret Service carried out inspections, as required by the Italian judiciary, and found that they were fictitious financial instruments, never issued by the “U.S. government”. It is not clear, however, how the checks mentioned Blackford were carried out and whether they were also are carried out via internet. According to official Italian sources, in fact, the Commission of American experts, expected in Italy, have yet to arrive. Furthermore, the bonds were accompanied by a recent and original bank record. It is therefore unclear how the U.S. authorities can declare fake documentation that does not originate from the Fed or the U.S. Department of Treasury.

On the contrary, claims in support of the bond’s authenticity were made 20 / 6 on the Turner Radio Network (TRN), an independent radio station broadcast via Internet. On that date in a massive exposure, TRN stated that the two Japanese arrested by the Guardia di Finanza (GdF) and then released in Ponte Chiasso were employees of the Japanese Ministry for Treasury. AsiaNews had also received similar reports: one of the two Japanese arrested in Chiasso and then released is Tuneo Yamauchi, brother of Toshiro Muto, until recently vice governor of the Bank of Japan. On its website, the creator and presenter of Radio, Hal Turner, had also claimed that his sources had revealed that the Italian authorities believe the evidence to be authentic and that the two Japanese officials are from the Japanese Ministry for Finance. They were supposed to bring the bonds to Switzerland because the Japanese government had apparently lost confidence in U.S. ability to repay its debt. Japanese financial authorities therefore were trying to sell a part of the securities in their possession through parallel channels ahead of an imminent financial disaster, thanks to the anonymity which, Turner said, is guaranteed by the laws of Switzerland.

AsiaNews does not know to what extent Turner’s revelations can be held as credible, given that in this case too, it is difficult to believe that $ 134.5 billion would pass unnoticed anywhere in the world. It seems far more logical to assume that the bonds, if authentic, were directed to the Bank for International Settlements in Basel, BIS, the central bank of central banks ahead of the issuance of securities in a new supranational currency. Turner had in any event added that as evidence of his support of his revelations he would have provided the serial numbers of the seized bonds. Before it could do so, however, was imprisoned. Hal Turner is the journalist who long ago first broke the news of a secret plan to replace the dollar, after a severe financial crisis, with a common North American currency, the Amero. In a dramatic phone call from inside the prison in which he is detained pending trial, relayed via internet, Hal Turner claims that his arrest is political and it is in relation to securities seized in Chiasso, because the authorities are terrorized by his revelations regarding the bonds’ authenticity. Of course, the allegations made against him have to nothing to do with the story and thus an already intricate story becomes increasingly complex. Turner maintains that he did not personally formulate the disclosure for which he has been imprisoned. Although it was clearly his responsibility to remain vigilant, it is also true that blogs from around the world and the U.S. themselves are full of threats and provocations. The coincidental timing, the unusual diligence and the details of his arrest arouse suspicions about the true motives of the American federal police. Indeed, this very arrest suggests that the evidence seized from GdF are truly authentic.

One more element in favour of the bond’s authenticity is found in the securities, which in the June 4 statement, the GdF termed "Kennedy Bonds” with photos provided. These photos reveal that the securities under discussion are not bonds but Treasury Notes, because they are securities that can be immediately exchanged for their worth in goods or services and because they are devoid of interest coupons. One side carries a reproduction of the image of the American president, the reverse side that of a spaceship. From confidential, usually well-informed sources, AsiaNews has learned that this type of paper money was issued less than ten years ago (in 1998), although it is difficult to know whether those seized in Chiasso are authentic. But the fact that the release of this particular State Treasury was not completely in the public domain tends to exclude the possibility of counterfeiting. It highly unreasonable to suppose that a forger would reproduce a State Treasury not commonly in circulation and of which there is no public knowledge. For this reason, it can be concluded that the 124.5 billion dollars divided in 249 bonds of 500 million each are authentic. These titles, although referred to as "Federal Reserve Notes" are actually bonds, because they accrue interest and are redeemable at maturity. But one question remains unsolved regarding them. It is somewhat hard to understand why the securities, which were from the outset indistinguishable from the original to the GdF, all have their coupons. Any ordinary investor, even a state, would have cashed in the interest coupon every year, so as not to lose purchasing power.

real6

02-07-2009, 05:26 PM

Weather Hal Turner is a white supreisist or not, i think he was arrested over speaking about the Ponte Chiasso Affair.

Sounds like bullshit to me!!!

"This website has been taken offline by Hal's family. Please check back soon. In the meantime, you can get updates on the situation from his mom at http://family-of-hal-turner.blogspot.com. You can also email her at family.of.hal.turner@gmail.com. We are terribly sorry for this inconvenience."

http://www.chicagotribune.com/news/local/chi-internet-radio-arrest-25-jun25,0,7879524.story

FBI says blogger threatened to kill 3 U.S. appellate judges in Chicago

By Jeff Coen | Tribune reporter
June 25, 2009

A blogger and Internet radio host from New Jersey was arrested Wednesday by the FBI on charges he threatened to kill three federal appellate judges in Chicago.

The federal charges, filed in Chicago, alleged white supremacist Hal Turner called for the judges' murders after they affirmed on June 2 a lower court decision to dismiss challenges to Chicago's ban on handguns.

The three have each served as chief judge of the 7th Circuit U.S. Court of Appeals: Frank Easterbrook, the current chief judge; Richard Posner, one of the best-known appellate judges in the country and a prolific author; and William Bauer, a veteran jurist and onetime U.S. attorney.

The charges alleged Turner used his Web site to call the three "cunning, ruthless, untrustworthy, disloyal, unpatriotic, deceitful scum" who violated the Constitution. "Let me be the first to say this plainly: These judges deserve to be killed," officials quoted the site.

Turner was scheduled to appear Thursday in federal court in New Jersey, but the U.S. attorney's office in Chicago said he ultimately would face prosecution here.

Turner allegedly posted the work addresses of the judges as well as their photos with a note that home addresses would follow. Also included was a map of Chicago's federal courthouse highlighting its "anti-truck-bomb" pylons.

Turner is no stranger to law enforcement. Just this month, he was charged in Connecticut with making threats against legislators.

He came to attention of authorities in Chicago after the killings of the husband and mother of U.S. District Judge Joan Lefkow in 2005.

Turner posted the work addresses of appeals court judges who had ruled against white supremacist Matthew Hale in a civil case presided over by Lefkow.

real6

02-07-2009, 05:31 PM

http://www.truthinourtime.com/

Japanese Bond Smugglers Released!

I reiterate that this should be the TOP story on every news station across the globe. 2 Japanese men that were trying to cash 135 BILLION worth of Japanese US held debt, have now been released! Either scenario isn't good.

1. The bonds were fake, but then why did 2 counter fitters get released from custody and nobody seems to know where they are?

2. Which happens to be what I think is the truth, the bonds were very real and the Japanese government is so worried about the imminent collapse of the American financial system and the onslaught of hyper inflation that they wanted to cash these in secret.

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=MAI&t=list&m=27235840&l=0&pd=0&r=0

The Truth About The Japanese Bonds

This is why Hal Turner is being detained. The fact that this isn't the BIGGEST news story on planet earth right now, should be undeniable proof that the media and government is 100% controlled.

(Taken from his site before it was taken down)

Employees of Japan Finance Ministry arrested in Italy trying to smuggle $134 Billion in U.S. Treasuries in suitcases

real6

08-07-2009, 04:15 PM

Maybe this has alittle something to do with the Ponte Chiasso Affair?

http://www.cnbc.com/id/31792983

Switzerland has vowed to prevent UBS from handing over client information to U.S authorities, in an attempt to defend bank secrecy, saying a tax case targeting its main bank is souring diplomatic ties.

Wealth management giant UBS is facing a court hearing in Miami next week after refusing to disclose data on 52,000 Americans holders of secret Swiss bank accounts to U.S. tax authorities.

The Swiss Justice Ministry said on Wednesday that Swiss law prevents UBS from handing over client information and the government would seize UBS client data, if necessary, to stop that happening.

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The case, which comes amid a global fight against tax cheats supported by the U.S. administration, has damaged the UBS brand and could result in an expensive settlement for the bank at a time when the bank needs to focus on restructuring.

"Switzerland will use its legal authority to ensure that the bank cannot be pressured to transmit the information illegally, including if necessary by issuing an order taking effective control of the data at UBS," the Swiss government said in a response to U.S. authorities filed in Miami on Tuesday.

The tax litigation is also crucial for the future of the multi-billion dollar wealth management industry and is pushing several offshore banks to force clients to come clean.

A court hearing that will lead to a ruling on the UBS data issue is due to start on July 13.

Washington has accused UBS of hiding nearly $15 billion in assets in secret accounts.

The Swiss statement came in response to a filing by the U.S. Justice Department last week asking the Miami court to enforce tax compliance with the full weight of U.S. law.

Although Swiss criminal law prohibits banks passing on client information to foreign authorities, UBS and Switzerland have already made concessions on their treasured bank secrecy.

UBS agreed to pay in February $780 million, admitted wrongdoing and disclosed about 250 client names to avert tax fraud criminal charges the Swiss government said threatened the bank's survival.

And faced with the threat of possible sanctions from the G20, Switzerland —- along with other tax havens — vowed in March to redraft its tax treaties with the United States and other countries and cooperate more on tax evasion.

"International Conflict"

Switzerland said in its latest court filing it hoped it would not have to take the "extraordinary action" of issuing an order to seize the UBS client data.

UBS
Sharon Lorimer

"The IRS (Internal Revenue Service) now inappropriately seeks to provoke international conflict through this civil proceeding," the statement read.

In its brief last week, the Justice Department said that UBS had already acknowledged that its bankers committed "very serious crimes on U.S. soil" and had therefore subjected the bank to the full jurisdiction of U.S. law.

"Swiss banking secrecy is not an impenetrable wall," it said.

But Berne said the fact that UBS had released some names in settling the criminal case and admitted wrongdoing did not undermine the legitimacy of Swiss banking secrecy as a whole.

Although the court hearing is due next week, the Swiss government has not ruled out the possibility of UBS and Washington agreeing another out-of-court settlement.

Swiss Finance Minister Hans-Rudolf Merz has repeatedly said there is still room for a deal and Swiss Economy Minister Doris Leuthard told Reuters in an interview on Tuesday that it expected UBS to pay a price as the bank had made mistakes.

Swiss media have said UBS may have to pay 3-5 billion Swiss francs ($2.76-$4.6 billion).

The bank raised 3.8 billion francs of capital late in June and will report earnings on Aug. 4.

"As the whole story is about money and as UBS has already admitted its fault, there can be only one solution: the Swiss bank will have to pay a fine or a compensation of an amount corresponding to taxes that are still due to the U.S. government" said Nicolas Michellod, senior analyst at Celent.

UBS shares fell 1.7 percent at 12.8 francs against a 1.2 percent drop in the European banking index.

real6

08-07-2009, 04:18 PM

Am i bugging or the numbers are just funny?

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=azmmBNvs6rUM

May 18 (Bloomberg) -- Aozora Bank Ltd., the Japanese lender controlled by Cerberus Capital Management LP, fell in Tokyo trading after posting a wider-than-forecast full-year loss on overseas investments and higher bad-loan costs.

Aozora fell 5 percent to close at 134 yen in Tokyo, while an index tracking 84 Japanese lenders dropped 3.3 percent. The bank booked a 242.6 billion yen ($2.6 billion) deficit in the year ended March 31, compared with a profit of 5.93 billion yen a year earlier, it said on May 15.

The Tokyo-based bank, which had forecast a loss of 196 billion yen on Feb. 10, had a larger shortfall after boosting reserves for bad loans and taking additional losses on fund investments. The company, rescued by Japan’s government during the 1990s banking crisis, aims to focus on domestic lending after racking up losses last year on hedge funds, subprime- related securities and an investment in U.S. lender GMAC LLC.

Aozora is in talks to merge with Shinsei Bank Ltd., backed by U.S. investor Christopher Flowers, two people familiar with the discussions said last month, as the lender seeks to weather the worst of the global credit crisis. Chief Executive Officer Brian Prince, who replaced Federico Sacasa on Feb. 10, declined to comment last week on reports of the merger.

Aozora forecasts profit of 5 billion yen this year and booked credit costs of 134.5 billion yen in the year ended March 31, the bank said last week. The company increased reserves by 33.4 billion yen from the February forecast for bad loans following a “faster than anticipated deterioration in economic and credit conditions,” Aozora said.

The bank lost 35.8 billion yen on GMAC and also booked losses related to Bernard Madoff and failed Lehman Brothers Holdings Inc., Aozora said.

To contact the reporter on this story: Finbarr Flynn in Tokyo at fflynn3@bloomberg.net

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a.iWtwo80krs

McDonald's, Honeywell Lead $9.5 Billion of Bond Sales (Update1)
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By Bryan Keogh

Feb. 26 (Bloomberg) -- McDonald's Corp. and Honeywell International Inc. led a rush of borrowers selling $9.5 billion in U.S. corporate bonds today, the most since January.

McDonald's, the world's largest restaurant company, raised $2.25 billion in its biggest debt offering. Morris Township, New Jersey-based Honeywell sold $1.5 billion of 5- and 10-year notes to repay debt, also its largest sale ever.

Investment-grade borrowers are taking advantage of renewed confidence in the credit markets. Today's sales follow a spurt of issuance yesterday and are more than triple the tally for all of last week. Bill Gross of Pacific Investment Management Co., said his funds are buying more investment-grade and bank bonds in a bet the securities will recover after falling 0.26 percent this year.

``There's a fair number of issuers that are waiting to do something,'' John Tierney, credit strategist at Deutsche Bank AG in New York, said in a telephone interview. ``Investors are largely on the sidelines and are very picky so'' issuers are waiting for a better tone in the market to sell.

The risk of protecting corporate debt from default has plunged 23 basis points since Feb. 21 on optimism that MBIA Inc. and Ambac Financial Group, the two biggest bond insurers, averted rating downgrades that threatened their businesses. The Dow Jones Industrial Average index has jumped about 400 points.

The extra yield investors demand to own investment grade bonds rather than Treasuries of similar maturity widened 1 basis point to 243 basis points, the highest since November 2002, according to Merrill Lynch & Co. index data.

McDonald's

Borrowers sold $3.26 billion of investment grade bonds yesterday, according to Bloomberg data.

Gross increased the world's largest bond fund's holdings of investment-grade corporate debt to the highest since April 2003, according to Pimco's Web site.

The $120 billion Pimco Total Return Fund had 19 percent of its assets in investment-grade company debt at the end of January, up from 13 percent in December, according to data published on the Web site.

McDonald's of Oak Brook, Illinois, split its sale between $500 million of five-year notes, $1 billion of 10-year debt and $750 million of 30-year bonds. Honeywell, the world's biggest maker of aircraft controls, sold $600 million of five-year 4.25 percent notes and $900 million of 10-year 5.3 percent bonds, both at yields 147 basis points more than Treasuries of similar maturity.

Other issuers today include Fifth Third Bancorp, Ohio's second-largest lender, with a $1 billion offering of 8.25 percent 30-year subordinated bonds, and Pacific Gas & Electric Co., California's biggest utility, which sold $600 million of bonds in two parts.

KFW

KfW Group, the German government-owned finance agency, sold $3 billion of 10-year 4.375 percent notes at a spread of 13 basis points less than the midswap rate, a benchmark for corporate borrowing in Europe that measures the cost of swapping between fixed and floating-rate payments, according to data compiled by Bloomberg.

Biogen Idec Inc., the world's largest maker of multiple sclerosis drugs, began marketing an inaugural $1 billion bond offering today. The sale is expected to take place tomorrow.

Credit-default swaps on the CDX North America Investment- Grade Index fell 6.5 basis points to 134.5 in New York, according to Deutsche Bank AG.

Credit-default swaps are financial instruments based on bonds and loans that are used to speculate on a company's ability to repay debt. They pay the buyer face value in exchange for the underlying securities or the cash equivalent should a borrower fail to adhere to its debt agreements. A decline indicates improvement in the perception of credit quality.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aC4lvyCW3eK4

Corn, Soybeans Surge as Global Commodity Demand May Increase
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By Jeff Wilson

March 16 (Bloomberg) -- Corn rose to a seven-week high and soybeans jumped the most since January on speculation that government bailouts help revive the world economy and demand for food, animal feed and crop-based fuels.

The MSCI World Index of equities rose for a fifth session after Group-of-20 finance ministers vowed over the weekend to combat the global recession. The U.S. dollar fell to a three-week low against a basket of six currencies, increasing the appeal of commodities.

“It is a step in the right direction, and grain prices should follow the stocks higher and get a boost from a weaker dollar,” said Chuck Shelby, a vice president at Risk Management Commodities Inc. in Lafayette, Indiana. “Commercial buyers may want to push up prices to encourage farmers to sell some of last year’s crop because next month they will be focused on planting.”

Corn futures for May delivery rose 8.5 cents, or 2.2 percent, to $3.97 a bushel at 10:35 a.m. on the Chicago Board of Trade, after earlier rising to $3.975, the highest price since Jan. 26. Last week, corn jumped 7.5 percent, the biggest gain this year. The most-active contract still is down 51 percent since reaching a record $7.9925 in June.

Soybean futures for May delivery rose 29.25 cents, or 3.3 percent, to $9.0575 a bushel in Chicago. A close at that price would be the largest percentage gain since Jan. 9. The contract earlier reached $9.075, the highest since Feb. 18. Before today, the price had fallen 46 percent since reaching an all-time high of $16.3675 on July 3.

The average cash soybean price have fallen 34 percent in the past year and cash corn is down 32 percent, according to data from the Minneapolis Grain Exchange.

Demand Outlook

Soybeans also rose after an industry report showed better- than-expected U.S. demand for the crop used in making animal feed and vegetable oil, Anne Frick, a senior oilseed analyst for Prudential Financial, said in a report to clients.

Domestic processors including Bunge Ltd. and Archer Daniels Midland Co. used 128.668 million bushels of soybeans last month, down from 138.923 million a year earlier, the National Oilseed Processors Association said today in a report. Four analysts surveyed by Bloomberg News estimated 125.3 million on average.

Frick said the report indicates total soybean demand will rise to 134.5 million bushels in February, above her earlier estimate of 130 million. U.S. soybean use in the marketing year that ends Sept. 30 may reach 1.673 billion bushels, 2 percent larger than the U.S. Department of Agriculture’s forecast of 1.64 billion, Frick said.

“Evidence continues to mount that the ‘February break’ low is in place for the soybeans and soybean meal,” Frick said in the note. “The most conservative projection we have for the spring rally high is $9.52-$9.59 basis the May futures.”

Corn Speculators

Buying in corn futures increased today after May futures closed above their 50-day moving average on March 13, said Shelby of Risk Management Commodities.

Hedge-fund managers and other large speculators more than tripled their net-long position in Chicago corn futures to 48,641 in the week ended March 10, the largest since the week ended Jan. 6, according to U.S. Commodity Futures Trading Commission data. A week earlier, the total net-longs were 15,375 contracts.

“There is increased new buying in corn,” Shelby said. “The chart picture improved.”

Corn is the biggest U.S. crop, valued at $47.4 billion in 2008, with soybeans in second place at $27.4 billion, government figures show. The U.S. is the world’s largest grower and exporter of both crops.

To contact the reporter on this story: Jeff Wilson in Chicago at

decim

08-07-2009, 04:27 PM

Some one trying to associate the figure of 134.5 with other stories to divert attention from the TARP theft.

gripit

08-07-2009, 04:34 PM

Some one trying to associate the figure of 134.5 with other stories to divert attention from the TARP theft.

Definitely seems that way, doesn't it? Fuckers!

real6

08-07-2009, 04:41 PM

Some one trying to associate the figure of 134.5 with other stories to divert attention from the TARP theft.

Wait, so you trying to say"I'm" deverting?

Definitely seems that way, doesn't it? Fuckers!

Seems that way ;)

http://fabiusmaximus.wordpress.com/2009/05/01/tarp/

It’s official. TARP is just theft.
Filed under: America, Post-WWII era, end of — Tags: bank bailout, banks, clarium capital management, financial crisis, henry paulson, john hinderaker, patrick wolff, paulson plan, rge monitor, robert scheer, sigtarp, tarp, tim geithner — Fabius Maximus @ 12:01 am

These reports about the TARP must be read to be believed. Since you are reading this on a screen, I have highlighted in red where you would scrawl WTF! on printed material. This is best read somewhere you can scream without attracting undue attention.

1. “Thievery Under TARP“, Robert Scheer, The Nation, 22 April 2009
2. Initial Report to the Congress, SIGTARP, 6 February 2009
3. Quarterly Report to Congress, SIGTARP, 21 April 2009

Who is SIGTARP?

The Office of the Special Inspector General for the Troubled Asset Relief Program (”SIGTARP”) was established by the Emergency Economic Stabilization Act of 2008 (”EESA”).

Under EESA, the Special Inspector General has the responsibility, among other things, to conduct, supervise and coordinate audits and investigations of the purchase, management and sale of assets under the Troubled Asset Relief Program (”TARP”). (source: their website)

Why?

Why has the TARP been structured in such a manner? Why have all the bank bailout programs been like this? It is a shortcut to avoid necessary Congression authorization and review. Patrick Wolff (Managing Director of Clarium Capital Management) explains in his report “The Wonderful World of Oz” (April 2009):

Tim Geithner has structured the PPIP to require as little new money up front as possible. The program supplies market participants with free put options and attractive financing to motivate them to buy impaired assets from troubled banks. Rather than spend money it doesn’t have and is unlikely to get, Treasury is partnering with the FDIC (which receives no Congressional appropriations) to provide free insurance whose claims come due later and whose costs can be obscured from the general public.

Excerpts

(1) “Thievery Under TARP“, Robert Scheer, The Nation, 22 April 2009 — Excerpt

We are being robbed big-time, but you can’t say we haven’t been warned. Not after the release Tuesday of a scathing report by the Treasury Department’s special inspector general, who charged that the aptly named Troubled Asset Relief Fund bailout program is rife with mismanagement and potential for fraud. The IG’s office already has opened twenty criminal fraud investigations into the $700 billion program, which is now well on its way to a $3 trillion obligation, and the IG predicts many more are coming.

Special Inspector General Neil M. Barofsky charged that the TARP program from its inception was designed to trust the Wall Street recipients of the bailout funds to act responsibly on their own, without accountability to the government that gave them the money.

… For all of its criticism of the original program, designed by the Bush administration, the report was equally severe in denouncing the Obama administration’s plan to partner with hedge funds and other private capital groups to buy up the “toxic” holdings of the banks.

… As with the entire banking bailout, the new plan of Obama’s treasury secretary, Timothy Geithner, is likely to enrich the very folks who impoverished the rest of us, as the report notes: “The significant government-financed leverage presents a great incentive for collusion between the buyer and seller of the asset, or the buyer and other buyers, whereby, once again, the taxpayer takes a significant loss while others profit.”

At the heart of this potentially massive fraud was the original decision of Henry Paulson, President Bush’s treasury secretary and a former Goldman Sachs chairman, to not require the recipients of the bailout, such as his old firm, to account for how the money was spent.

Unfortunately, President Obama’s administration continued that practice.

The only difference is that the amount of public money being put at risk is now far greater, and the hedge funds, which are totally unregulated, have been brought in as the central players. One of the largest of those hedge funds, D.E. Shaw, carried Obama’s top economic adviser, Lawrence Summers, on its payroll to the tune of $5.2 million last year. He may have reason to trust these secretive enterprises that operate beyond the law, but the public does not.

About the author

Robert Scheer, a contributing editor to The Nation, is editor of Truthdig.com and author of The Pornography of Power: How Defense Hawks Hijacked 9/11 and Weakened America and Playing President. He is author, with Christopher Scheer and Lakshmi Chaudhry, of The Five Biggest Lies Bush Told Us About Iraq.

(2) Initial Report to the Congress, SIGTARP, 6 February 2009 — Excerpt

SIGTARP’’s Recommendations (p. 8)

{P}articipants should be required to use best efforts to account for the use of TARP funds…

Fraud vulnerabilities in the Term Asset-backed Securities Loan Facility (“TALF”) should be addressed before the program is initiated.

Potential Fraud Vulnerabilities Associated with TALF (p. 99)

First, as discussed more fully in Section 3, TALF is a program in which participants can receive loans upon the posting of certain asset-backed securities (“ABS”) as collateral. Because the loans will be non-recourse, that is, the participant can walk away from the loan by forfeiting the collateral, the risk associated with the ABS (which, in turn, is dependent on the risk of the underlying asset — in this case, certain consumer loans) is critically important to whether the taxpayers’ investment is a sound one.

For this reason, Treasury should consider requiring that some baseline fraud prevention standards be imposed (such as minimum underwriting standards or some other combination of provisions that will minimize the risk of fraud) on the ABS and/or the assets underlying the ABS used as collateral in TALF. SIGTARP was informed in early January by Treasury and the Federal Reserve that the program relies on:

1. the requirement that the ABS receive a certain minimum rating from credit rating agencies …

Transparency (p. 13)

Promoting transparency in the management and operation of TARP is one of SIGTARP’s primary roles. Through EESA, the American taxpayer has been asked to fund — to the tune of hundreds of billions of dollars — an unprecedented effort to stabilize the financial system and promote economic recovery; in this context, the public has a right to know both how the U.S. Department of the Treasury (“Treasury”) decided to invest that money and what was done with it by the recipients. Transparency is a powerful tool to ensure accountability and that all those managing TARP funds will act appropriately, consistent with the law, and in the best interests of the country.

(3) Quarterly Report to Congress, SIGTARP, 21 April 2009 — Excerpt:

SIGTARP’s Recommendations

SIGTARP continues to recommend that Treasury require all TARP recipients to report on their actual use of TARP funds. (p.6)

… The announced expansion of TALF to permit the posting of MBS as collateral poses significant fraud risks, particularly with respect to legacy residential MBS (“RMBS”). … Aspects of PPIP make it inherently vulnerable to fraud, waste, and abuse, including significant issues relating to conf icts of interest facing fund managers, collusion between participants, and vulnerabilities to money laundering. (p. 7)

TARP implementation (p. 14)

The Initial Report contained a series of SIGTARP recommendations with regard to the design of TALF. Since the Initial Report, SIGTARP has remained in regular contact with Treasury and FRBNY with regard to oversight and fraud prevention in TALF and has sought greater transparency, explicit oversight access, and assurances regarding underwriting standards on the loans underlying the securities, among other things. SIGTARP’s past and new recommendations regarding TALF are discussed in greater detail in Section 4 of this report.

… Although not all of these recommendations have been adopted, the design of the program, in SIGTARP’s view, has significantly improved from an oversight perspective due to SIGTARP’s suggestions and FRBNY’s willingness to engage on these issues. (p. 14)

SIGTARP’s recommendations to the Treasury

… One of SIGTARP’s responsibilities is to provide recommendations to the Department of Treasury (“Treasury”) so that Troubled Asset Relief Program (“TARP”) programs can be designed or modified to facilitate transparency and effective oversight and prevent fraud, waste, and abuse. SIGTARP’s Initial Report to Congress, dated February 6, 2009 (the “Initial Report”), set forth a series of recommendations, some of which were adopted by Treasury and some of which were not. (p. 137)

… Treasury has indicated, however, that it will not adopt SIGTARP’s recommendation that all TARP recipients be required to do the following:

* account for the use of TARP funds
* set up internal controls to comply with such accounting
* report periodically to Treasury on the results, with appropriate sworn certifications

In light of the fact that the American taxpayer has been asked to fund this extraordinary effort to stabilize the fi nancial system, it is not unreasonable that the public be told how those funds have been used by TARP recipients. (p. 137)

… Lack of Resources within OFS-Compliance - The Compliance department within OFS has primary responsibility over a vast and complex array of compliance and risk management functions. This responsibility includes ensuring that appropriate internal controls are in place over OFS management of TARP programs, providing primary oversight of vendors that are providing services to OFS, and monitoring TARP recipients’ compliance with their contractual and legal obligations.

More than 500 financial institutions are already participating in various TARP programs; additional announced programs will expand OFS-Compliance’s responsibilities to a mortgage modification program involving millions of mortgages and to public-private partnerships that will involve not only many new participants but also a whole new set of compliance challenges and types of risk.

To carry out all of these responsibilities, now six months into TARP operations, OFS-Compliance currently has a staff of approximately 10 employees. Although SIGTARP has plans for a future audit to assess the integration and effectiveness of OFS’s risk assessment and compliance efforts, SIGTARP makes a preliminary observation that the current resource commitment for this vitally important function appears plainly inadequate. (p. 144)

Some experts review the Geithner Plan

1. “Despair over financial policy“, Paul Krugman, blog at the NYT, 21 March 2009 — Nobel Laureate economist.
2. “More on the bank plan“, Paul Krugman, blog at the NYT, 21 March 2009
3. “Geithner Plan Will Rob US Taxpayers“, Reuters, 24 March 2009 — Remarks by Joheph Stiglitz, Nobel Laureate economist.
4. “Successful bank rescue still far away“, op-ed by Martin Wolf, Financial Times, 24 March 2009
5. “The Geithner Plan Won’t Work“, James K. Galbraith, posted at The Daily Beast, 24 March 2009
6. “Obama’s bank plan could rob the taxpayer“, Jeffrey Sachs, op-ed in the Finanical Times, 25 March 2009
7. “ The Pricing of Investment Grade Credit Risk“, Jubal Coval, Erik Stafford and Jakub Jurek (the first two are Harvard, the last is Princeton), Presented at the USC FBE Finance Seminar, 2 April 2009 — This undercuts the entire basis of the Geithner Plan; the paper appears at the end.
8. “Administration Seeks an Out On Bailout Rules for Firms“, Washington Post, 4 April 2009 — It’s OK to get angry when reading this.
9. “Larry Summers, Tim Geithner and Wall Street’s ownership of government“, Glenn Greenwald, 4 April 2009 — The individuals Obama chose to be his top economic officials embody exactly the corruption he repeatedly vowed to end.
10. “The Geithner-Summers plan is worse than you think“, Laurence J Kotlikoff and Jeffrey Sachs, blog of the Financial Times, 6 April 2009
11. “Apples and Truffles: PPIP is Financially Flawed, Intellectually Dishonest“, The Institutional Risk Analyst, 6 April 2009 — A technical analysis of the plan.
12. “TARP: The Looming Debacle“, John H. Hinderaker, Powerline, 27 April 2009
13. “Green shoots: grounds for cautious pessimism“, William Buiter, blog of the Financial Times, 28 April 2009 — “US regulators and Treasury have put the interests of the unsecured creditors of the banking system ahead of those of current and future tax payers…”

Afterword

If you are new to this site, please glance at the archives below. You may find answers to your questions in these.

Please share your comments by posting below. Per the FM site’s Comment Policy, please make them brief (250 words max), civil, and relevant to this post. Or email me at fabmaximus at hotmail dot com (note the spam-protected spelling).

For more information from the FM site

To read other articles about these things, see the FM reference page on the right side menu bar. Of esp relevance to this topic:

* about the Financial crisis – what’s happening? how will this end?
* about the America – how can we reform it?
* some Good News about America!

Posts about the Paulson Plan, now Obama’s Plan:

1. Treasury Secretary Paulson leads us across the Rubicon, 9 September 2008
2. Another step away from our Constitutional system, with applause, 19 September 2008
3. America appoints a Magister Populi to deal with the financial crisis, 21 September 2008
4. Slowly a few voices are raised about the pending theft of taxpayer money, 21 September 2008
5. A quick guide to the “Emergency Economic Stabilization Act of 2008″, 29 September 2008
6. The Paulson Plan will buy assets cheap, just as all good cons offer easy money to the marks, 30 September 2008
7. A reminder – the TARP program is just theft, 24 November 2008
8. Stand by for action – more theft of our money being planned in Washington, 4 February 2009
9. Update: yes, the Paulson Plan was just theft, 14 February 2009
10. Now is the time for America to get angry, 24 March 2009
11. Bush’s bailout plan is now Obama’s. His quiet eloquence guides the sheep into the pen, 30 March 2009

Posts about the American spirit:

1. Americans, now a subservient people (listen to the Founders sigh in disappointment), 20 July 2008
2. de Tocqueville warns us not to become weak and servile, 21 July 2008
3. The American spirit speaks: “Baa, Baa, Baa”, 5 August 2008
4. We’re Americans, hear us yell: “baa, baa, baa”, 6 August 2008
5. This crisis will prove that Americans are not sheep (unless we are), 8 January 2009
6. About security theater, a daily demonstration that Americans are sheep, 25 January 2009

real6

08-07-2009, 04:45 PM

http://www.consumerwarningnetwork.com/2009/01/13/grand-theft-of-tarp-money/

“Grand theft” is the stealing of property worth more than about $200 in most states. It is a felony, and can bring you up to five years in prison. So far, banks have received $350 billion in federal TARP bailout funds. That’s $1,167 in tax dollars from every man, woman and child in the country. This whole bailout is starting to feel a lot like grand theft. Take the money and run!

When these bailout funds were authorized, amid great outcries of impending financial doom, the Administration and Congress in their collective wisdom decided to attach no strings to receiving these billions of dollars. After all, risky and unregulated financial markets got us into this mess, but we can trust them to take our money and spend it wisely to alleviate the crisis, right?

How did they spend this public money? When asked, these same banks told us to mind our own business. That’s right - they refuse to reveal exactly how they spent these public funds. Is your temperature rising yet?

Well, at least we know that they were in a huge financial hole, so they certainly had no profits to distribute to their investors, right? Wrong again. Let’s look at the incredible story.

Since these banks have gotten their mittens on our money, they decided to throw a party and distribute some more dividends to their investors. Just look at how the top five recipients of your TARP dollars spent some of that money:

1. Citigroup got $25 billion. They then declared a dividend and distributed $3.5 billion to their shareholders.
2. JP Morgan Chase & Co. got $25 billion. They then distributed $5.7 billion to their shareholders.
3. Wells Fargo also got $25 billion. Shareholders then received dividends of $4.5 billion.
4. Bank of America got $15 billion, and distributed $2 billion to its shareholders.
5. Goldman Sachs (Secretary Paulson’s alma mater) got $10 billion and distributed almost $1 billion to its shareholders.

That’s just dividends. There’s also bonus money for a job well done by company executives, fancy corporate get-togethers at ritzy resorts, and who knows what else. After all, remember, they’re refusing to account to us where these billions went.

And as for the troubled homeowners who couldn’t pay their high mortgage payments, what tax dollars reached them? The government and banks announced with great fanfare new mortgage modification programs like Hope for Homeowners that promised to give some 400,000 relief. Guess what? To date, approximately 370 applications have been processed by banks in furtherance of this consumer benefit.

Now you know why we’ve connected these activities to the definition of “grand theft.” These banks just took more than $1,000 right out of your pocket. Do you care? It brings to mind that old English saying:

“They hang the man and flog the woman

Who steals the goose from off the Common;

But let the greater criminal loose

Who steals the Common from the goose.”

302 Moved

el jefe

08-07-2009, 05:15 PM

Finally some footage of the Kennedy Bonds. Looks fake to me but what do we know..

YouTube - Broadcast Yourself.

decim

08-07-2009, 05:16 PM

Wait, so you trying to say"I'm" deverting?

Nope

"they" are planting the figure for the webcrawlers.

decim

08-07-2009, 05:20 PM

Most highway robbers have the decency to atleast wear a mask.

1. Citigroup got $25 billion. They then declared a dividend and distributed $3.5 billion to their shareholders.
2. JP Morgan Chase & Co. got $25 billion. They then distributed $5.7 billion to their shareholders.
3. Wells Fargo also got $25 billion. Shareholders then received dividends of $4.5 billion.
4. Bank of America got $15 billion, and distributed $2 billion to its shareholders.
5. Goldman Sachs (Secretary Paulson’s alma mater) got $10 billion and distributed almost $1 billion to its shareholders.

real6

08-07-2009, 05:27 PM

Nope

"they" are planting the figure for the webcrawlers.

Sorry, thats what i thought ;)

real6

14-07-2009, 02:36 PM

http://www.anarchyjapan.com/mainichi-shimbun-134-billion-treasury-bond-incident-542

Mainichi Shimbun on $134 billion treasury bond incident
June 21, 2009 by matt

I noticed that Ken Worsley is still following the $134 billion treasury bond case. The Mainichi Shimbun apparently sent a reporter. A short article appeared on the internet.

Here is the link.

http://mainichi.jp/select/world/news/20090616dde041040016000c.html

Here is a very poor translation. (I couldn't find one at the English Mainichi shimbun site.) I say poor, but I think it contains all the important information with out any major errors. It's just a bit sloppy. Corrections and clarifications are more than welcome.

イタリア：１３兆円分証券は偽造品？　密輸未遂で拘束の日本人２人、処罰法なく釈放

Headline: Are the $130 billion in bonds fake? The two Japanese arrested for smuggling have been released.

　【コモ（イタリア北部）藤原章生】日本人男性２人が今月３日、計１３４０億ドル（約１３兆円）相当の米有価証券をイタリアからスイスに持ち出そうとしたとして、イタリア当局に拘束された事件で、所持していた証券は偽造の可能性が高いことが１５日までの毎日新聞の取材で分かった。

Regarding the $134 billion in treasury bonds seized by Italian authorities from two Japanese nationals crossing the border from Italy to Switzerland, it has been learned by the Mainichi Newspaper that the chances of them being fake are very high.

また、今年４月上旬にも日本人が関与したとみられる別の偽造証券の押収事案があったことが判明。イタリア財務警察とコモ検察庁は、相次ぐ「巨額」偽造証券の背後に日本人を含む組織的な関与があるとみて捜査している。

At the beginning of April, Japanese were involved in a similar case of high denomination fake bonds. The Italian police and the local city officials have seen case after case (?) of large denomination bonds in possession of Japanese, which is the background in which these two Japanese were searched and arrested. [Not sure I understand the implications of ”相次ぐ”, which seems to imply this has been happening a while. Has it happened just twice now or is it a regular occurrence?]

　同検察庁は、在ローマ米大使館と連携し、押収した証券について調査。

Both local authorities and Italian police have been cooperating with the American embassy in Rome over this issue. [Does the word "調査” imply that American authorities have actually looked at the bonds? Or were just asked about them.]

関係者によると、２人が所持していた米国債やケネディ債は「額面の大きさや発行年代が現存しない可能性が高い」という。

Based on the year and amount of the bonds, the chances of such bonds *not* existing is very high.

イタリアの法律では、証券が本物の場合、２人には未申告輸出の容疑で巨額の罰金刑が科せられるが、偽物の場合、使用や提示がなければ処罰されないため、２人は事情聴取後に釈放された。

As per Italian law, while a large penalty can be levied against the bonds if they were real, as in this case the bonds were not real (and were not going to be used), so no penalty was leveraged and the men were let go after questioning.

在ミラノ日本総領事館は２人の所在を把握していないという。

The Japanese consulate general in Milan has no information about the whereabouts of these two Japanese.

今年４月の事件では、日本人から依頼を受けたイタリア人男性が、額面２００億ドル相当の日本国債の偽造品をスイスに持ち出そうとし財務警察に押収された。

Also as far as the incident in April, an Italian man was also found holding $20,000,000,000 (in approximate value, not denomination) in Japanese bonds at the request of the Japanese (men).

Comment: It certainly sounds like a kind of scam. I have absolutely no idea, but a wild guess might be that this is some low level scam, similar to the African email stuff everyone gets. Like maybe they pretend they are trying to dump bonds, but need your help. They then ask for some upfront money.

real6

14-07-2009, 02:38 PM

There is an international criminal network based in the Philippines that produces these fake bonds and bills. The paper is used to sell to greedy and unsuspecting individuals who then get caught trying to cash them.

For example, here's a Spanish case from February involving more than $16 billion in fake bonds (in Spanish):

http://www.elmundo.es./elmundo/2009/06/02/barcelona/1243939297.html

Here's a USA case from 2008:

http://www.dallasnews.com/sharedcontent/dws/news/localnews/stories/022608dnmetcounterfeit.38c632b.html

Had enough? Want more? Do you remember the Spanish case? Don't you think that law enforcement has not been able to break this network yet?

Here's what the Fed has to say about these schemes:

http://www.federalreserve.gov/boardDocs/SRLetters/2003/sr0314.htm

TO THE OFFICER IN CHARGE OF SUPERVISION
AT EACH FEDERAL RESERVE BANK
SUBJECT: Fraudulent Federal Reserve Note Schemes

Over the past several years, the Federal Reserve has issued various advisories relating to bogus investment schemes involving phony "prime bank" notes, letters of credit, and guarantees, and other financial instruments. In May 2002, in SR letter 02-13 the Federal Reserve once again highlighted the dangers associated with investment schemes that promise very high rates of interest that are, among other things, supposedly generated through secret trading programs involving financial instruments. That SR letter listed the general characteristics or "red flags" of illicit financial instrument investment scams.1
An image of a fraudulent note

Since the issuance of the Federal Reserve's last pronouncement about fraudulent investment schemes in 2002, Board staff has become aware of the growing use of altered Federal Reserve Notes as part of illicit investment schemes. The notes are in face amounts of $1 billion, $100 million, or $50 million or some other astronomically large amount and have "coupons" attached to them. They often look like the picture to the right.

Except for coins, U.S. currency is in the form of "Federal Reserve Notes." The notes are designed and printed by the Bureau of Engraving and Printing of the U.S. Department of the Treasury and are circulated through the 12 Federal Reserve Banks in the United States. These notes are familiar – they are the money in our pockets – and are in general circulation in this country and abroad in $1, $2, $5, $10, $20, $50, and $100 denominations. It would appear that there should be no confusion between the phony notes and legitimate U.S. currency. However, fraudsters often falsely claim that the altered Federal Reserve Notes that they hold are somehow very special (for example, they are part of a secret trove of notes issued by the Federal Reserve under unusual circumstances that have been hidden for decades in secret locations abroad) and are not known to the public because they are so secret. The fraudulent notes – one example of which is set forth above – are worthless.2

Board staff is also aware that wrongdoers have been falsely claiming that the "notes" can be taken to banks and other financial institutions to be used to collateralize loans or traded as part of an investment program. They cannot be used for any purpose whatsoever because they are entirely bogus.3

Federal law enforcement authorities have asked the Federal Reserve to advise individuals, banking organizations, and other entities who have been contacted regarding the phony Federal Reserve Notes to contact the local offices of the agencies. This includes the field offices of the Federal Bureau of Investigation, U.S. Secret Service, U.S. Bureau of Immigration and Enforcement, or Internal Revenue Service's Criminal Investigation Division.

Reserve Banks are asked to distribute this SR letter to the domestic and foreign banking organizations supervised by the Federal Reserve in their districts. Questions concerning this matter should be directed to a senior special investigator in the Special Investigations Section of the Division of Banking Supervision and Regulation at (202) 452-6488 or (202) 452-2289.
Herbert A. Biern
Senior Associate Director

http://www.federalreserve.gov/boarddocs/SRLETTERS/2002/sr0213.htm

TO THE OFFICER IN CHARGE OF SUPERVISION AND APPROPRIATE SUPERVISORY STAFF AT EACH FEDERAL RESERVE BANK AND TO BANKING ORGANIZATIONS SUPERVISED BY THE FEDERAL RESERVE

SUBJECT: "Prime Bank" and Other Financial Instrument Fraud Schemes

In 1993 and 1996, the Federal Reserve issued advisories concerning illegal schemes purporting to involve "prime bank" financial instruments.1 In its alerts, the Federal Reserve advised banking organizations and the public that, among others things, it does not know of any legitimate use of any financial instrument called a "prime bank" note, guarantee, letter of credit, or debenture and that the Federal Reserve does not guarantee or enter into transactions with individuals and does not license anyone to trade "prime bank" financial instruments or act as the Federal Reserve's agent to sell or redeem such instruments.

Since 1996, fraudulent schemes involving financial instruments have proliferated in the United States and abroad, and investors have lost significant sums of money. Federal and state law enforcement agencies, as well as the U.S. Securities and Exchange Commission, have investigated and prosecuted numerous individuals associated with supposed investment opportunities involving "prime bank" instruments or other financial instruments.

The Federal Reserve wants to again highlight the dangers associated with investing or participating in questionable transactions that promise unrealisticly high rates of return and involve other dubious characteristics. Over the past several years, Federal Reserve staff has reviewed numerous illicit transactions and provided assistance to U.S. and foreign law enforcement and securities regulators and, based on this experience, has identified the following hallmarks or "red flags" associated with many fraudulent financial instrument scams that can be used to avoid them:

*

References to financial instruments issued by "prime banks," "top 100 world banks," "top 25 European banks," and similar references to categories or groups of banks that are not used in the banking industry.
*

Promises of extremely high, unrealistic rates of return with little or no risk.
*

Participation in an investment program often referred to as a "roll program (or programme)," "high yield investment program," or "bank debenture trading program."
*

High rates of return are generated by repeatedly trading (or buying and selling) financial instruments (often over a 40-week period).
*

Legitimate financial instruments, such as letters of credit, guarantees, and medium term notes, are bought and sold or traded in manners that are not realistic -- for example, standby letters of credit are bought and sold.2
*

Transactions are overly complex and nonsensical.
*

Terms that have no meaning in legitimate financial transactions are used repeatedly -- for example, "conditional SWIFT," "key tested telex," "pay order," "funds of good, clean, clear and non-criminal origin," "master commitment," "one year and one day," and "commitment holder."
*

High degree of secrecy -- for example, the trading of financial instruments takes place on a secret market, your banker or investment adviser will not know about the investment opportunity because only a few special people around the world are aware of it or participate in the secret trading, or the investor is being allowed to participate in a secret trading program and, if he or she reveals any information about the program, the investor's participation will be terminated.
*

The investor's funds are absolutely safe and cannot be lost -- for example, a bank has issued a guarantee or an attorney is holding the funds in a special escrow fund.
*

Involvement of a well known governmental authority, such as the Federal Reserve, World Bank, or IMF.
*

Inaccurate references to the International Chamber of Commerce and its publications.
*

Investor's funds will be used for "humanitarian" projects.

Federal law enforcement authorities have asked the Federal Reserve to advise individuals, banking organizations, and other entities who have been approached to invest in a "prime bank" financial instrument or participate in some manner in any transaction containing the characteristics listed above to contact the local offices of the agencies. This includes the field offices of the Federal Bureau of Investigation, U.S. Secret Service, U.S. Customs Service, or Internal Revenue Service's Criminal Investigation Division. The U.S. Securities and Exchange Commission is also actively involved with investigating securities frauds associated with these types of transactions, and asks that companies and individuals alert a local office of that agency.

Reserve Banks are asked to distribute this SR letter to domestic and foreign banking organizations supervised by the Federal Reserve. Questions regarding apparent fraudulent schemes involving "prime bank" financial instruments or other transactions with the hallmarks described above can be directed to the Special Investigations Section of the Division of Banking Supervision and Regulation at (202) 452-2620 or (202) 452-5235.

real6

14-07-2009, 02:44 PM

The only newest info i could find. Video in link:

http://www.japaneconomynews.com/2009/06/20/glenn-beck-on-the-counterfeit-bonds/

Glenn Beck is passionate, the only US commentator willing to discuss the subject, but doesn’t really get the issue. His guest, however, is dead on at times, while sounding like someone who doesn’t have a basic understanding of how the Treasury works at others in the video that follows. The fact is that over two weeks since the two men carrying these bonds were arrested, the truth about what they were doing has not yet been made public:

My favorite quote: “Is a dollar really worth 100 cents, or is it worth less than that?”

Dude, I think they explained that in third grade, at least at Cathoilc Schoool. Aquinas can explain it pretty easily in terms of math.

http://mainichi.jp/select/world/news/20090616dde041040016000c.html

LA Times picks it up:

http://latimesblogs.latimes.com/money_co/2009/06/for-your-entertainment-bloomberg-news-columnist-william-pesek-lets-his-imagination-run-wild-about-the-strange-case-of-two-ja.html

Case of $134-billion T-bond bust fuels conspiracy theories
9:22 PM, June 17, 2009

For your entertainment, Bloomberg News columnist William Pesek lets his imagination run wild about the strange case of two Japanese men who were allegedly trying to smuggle $134 billion in U.S. Treasury bonds into Switzerland last week:

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 case has received little play in mainstream media, which Pesek presumes is because it’s so surreal. And, probably, because the assumption is that the bonds are phony. But the Italian authorities seem to have released few details so far.

I think the original story was carried by a service called AsiaNews, which I’ve never heard of. Go here for the original and here for the service’s follow-up. The Seeking Alpha website has a story here. Glenn Beck on Fox News also has picked up on this.

As you’re reading, keep in mind that actual facts on the story are in short supply.

Still, even assuming this is just a counterfeiting case, the total involved (if it’s accurate) is mind-boggling. This is manna from heaven for conspiracy theorists.

Note, though, that Bloomberg goes a little over the top with the headline on Pesek's column, suggesting that "Suitcase With $134 Billion Puts Dollar on Edge." The dollar may have plenty of things weighing on it lately, but this probably isn’t one of them.

-- Tom Petruno

And from Turner Radio Network:

http://www.turnerradionetwork.com/index.php?option=com_content&view=article&id=59:employees-of-japan-finance-ministry-arrested-in-italy-trying-tosmuggle-134-billion-in-us-treasuries-in-suitcases&catid=1:latest-news&Itemid=50

The headline seems odd on this FT piece:

http://www.ft.com/cms/s/0/f200bec6-5c69-11de-aea3-00144feabdc0.html?nclick_check=1

Italian Mafia cashes in on fake T-bills

By FT reporters

Published: June 19 2009 03:00 | Last updated: June 19 2009 03:00

One summer afternoon, two "Japanese" men in their 50s on a slow train from Italy to Switzerland said they had nothing to declare at the frontier point of Chiasso. But in a false bottom of one of their suitcases, Italian customs officers and ministry of finance police discovered a staggering $134bn in US Treasury bills.

Whether the men are really Japanese, as their passports declare, is not entirely clear, but Italian and US secret services working together soon concluded that the bills and accompanying bank documents were most probably counterfeit, the latest han-diwork of the Italian Mafia.

Few details have been revealed beyond a June 4 statement by the Italian finance police announcing the seizure of 249 US Treasury bills, each of $500m, and 10 "Kennedy" bonds, used as inter-government payments, of $1bn each. The men were apparently tailed by the Italian authorities.

Yesterday the mystery deepened as an Italian blog quoted Colonel Rodolfo Mecarelli of the Como provincial finance police as saying the two men had been released. The colonel and police headquarters in Rome both declined to respond to questions from the Financial Times.

"They are all fraudulent, it's obvious. We don't even have paper securities outstanding for that value,'' said Mckayla Braden, senior adviser for public affairs at the Bureau of Public Debt at the US Treasury department. "This type of scam has been going on for years.''

The Treasury has not issued physical Treasury bonds since the 1980s - they are handled electronically - though they still issue savings bonds in paper format.

In Washington a US Secret Service official said the agency, which is working with the Italian authorities, believed the bonds were fake.

Officials in Tokyo were nonplussed. Takeshi Akamatsu, a Japanese foreign ministry press secretary, said Italian authorities had confirmed that two men carrying Japanese passports had been questioned in the bond case, but that Tokyo had not been informed of their names or current whereabouts.

"We don't know where they are now," Mr Akamatsu said.

Italian officials, while pointing out that hauls of counterfeit money and Treasury bills were not unusual, were stunned by the amount involved. Investigators are looking into the origin and destination of the fakes.

Last month Italian prosecutors revealed they had cracked a $1bn bond scam run by the Sicilian Mafia, with the alleged aid of corrupt officials in Venezuela's central bank. Twenty people were arrested in four countries.

The fake bonds were to have been used as collateral to open credit lines with banks, Reuters news agency reported. The Venezuelan central bank denied the accusations.By FT staff in Rome, Tokyo, New York and Washington

Fall in jobless claims raises hopes

The number of US citizens claiming unemployment benefits fell for the first time since January, the labour department said yesterday, raising hopes the worst could be over for the stricken job market.

Continuing jobless claims declined by 148,000 to 6.69m in the first week of June, more than economists expected and marking the biggest weekly drop since 2001. The total number of US workers claiming unemployment benefits had hit new record highs for 19 straight weeks.

However, new jobless claims ticked up last week, offering a reminder that any employment recovery will be slow and that companies are continuing to cull workers as they cope with the recession. Initial jobless claims rose by 3,000 last week to 608,000 as layoffs mounted in the construction and car industries.

Joshua Shapiro, chief US economist at MFR, noted the probability that "long-term unemployed are starting to fall off the rolls as the duration of their unemployment benefits reaches the statutory limit".

real6

14-07-2009, 02:49 PM

Find a blog in Japanese:

http://yamaji.iza.ne.jp/blog/entry/1091276/

One of involved two Japanese men is Tuneo Yamauchi. He is brother-in-law of Mr. Toshirou Mutoo, former deputy Governor of Bank of Japan.

Yosano Says Japan’s Trust in Treasuries ‘Unshakable’

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agTTqVJ0rhJI

Customs displays phony 1930s cash, bonds

http://www.signonsandiego.com/news/metro/20040910-9999-7m10bonds.html

http://market-ticker.denninger.net/archives/2009/06/13.html

It just gets more and more odd after my original report, with the latest coming from a German newspaper (translation courtesy of Google):

Hit for the Zöllner: The contraband securities valued at 134 billion U.S. dollars are apparently real. Die italienische Finanzpolizei hatte zwei Japaner ertappt, die im doppelten Boden eines Koffers milliardenschwere Anleihen in die Schweiz schaffen wollten. The Italian financial police had two Japanese caught in the false bottom suitcase billion-dollar bonds in Switzerland wanted to create. Von dem Fund profitiert das hochverschuldete Italien.

Note that this has received very little coverage in the so-called "mainstream US media" - but it is everywhere in Europe and Asia.

Japan, for its part, oddly said the following as soon as this story started to hit the press:

“We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental,” Yosano, 70, said in an interview in Tokyo on June 10 before attending a Group of Eight meeting of finance ministers starting today in Italy. “So our trust in U.S. Treasuries is absolutely unshakable.”

Uh huh. And the Japanese said in December of 1941 that all was well too. Anyone remember what happened on the morning of the 7th?

Let's apply a little "Occam's Razor" to this entire story.

You're not going to walk into a bank with $130 billion in bearer bonds and cash them. Nor are you going to sell a bond with a $500 million face value to someone without them authenticating it. They will be authenticated before you get one dime out of them - no matter who you think you're going to "give" them to.

So if they're fakes and you're "just screwing around", there is no reason to hide them. Nor is there any particular reason to have authentic and recent original bank documents in your luggage with them, as has been reported.

Next, unless someone knew you were smuggling them, why would you be subject to that sort of search? What made the people involved "interesting" to the authorities? This doesn't sound like a random stop to me; how many people are carrying $130 billion in bearer bonds at any given point in time? No, someone was tipped off that this was happening. Now why would you bother to stop them here, prior to their attempted delivery of such instruments, if they were fake?

Think about this: You know someone is smuggling a load of drugs. You can either bust them immediately or you can tail them and bust them when they show up at the "meet" to exchange the dope for the money. If you do the former the guys with the money get away, having committed no crime. But if you do the latter, you get to bust both the courier and the purchaser - two times the effectiveness for the price of one, and double the seizure value, since you get to seize the cash too!

So let's assume that the certificates are real, as German media seems to believe and which, by the way, makes logical sense given what they were and the sheer impossibility of cashing a fake $500 million bond.

Ok, who has $130 billion in bearer bonds? Remember, bearer instruments haven't been issued by the Treasury since 1982, when they became illegal to issue, at least to US institutions and residents (there was an exception carved out for Treasury instruments issued to non-US residents in 1985 - a time of high deficits) The answer to that question: it is rather unlikely that there remains $130 billion of legitimate US Bearer issuance outstanding anywhere - to anyone.

Mr. Holmes would be initially puzzled by such a caper. On the one hand we have the impossibility of the bonds being real, because there simply isn't $130 billion of issues remaining outstanding. On the other hand we have the impossibility of negotiating a fake $500 million bearer instrument, making the exercise of counterfeiting one expensive and futile.

This leaves us with more questions than answers at this point.

Or does it?

As Mr. Holmes is famously rumored to have said, "once you eliminate the impossible, whatever remains, however implausible, must be the truth."

So what remains? Let's run a theory here - one of the few possible remaining options, given the exclusion of what we know not to be true...

Are we willing to assume that all the "issue" of Treasury bonds has been done "above board" as required by law. If Treasury has been surreptitiously issuing bonds to, say, Japan, as a means of financing deficits that someone didn't want reported over the last, oh, say 10 or 20 years, then the following is about to occur:

Who could have possibly been complicit in such a scheme? I can come up with only two nations (and only nations could be involved due to size): The Japanese and Chinese. Since the two individuals who were arrested were reported to be Japanese nationals......

There are tremendous implications in an event like this, again, assuming the bonds are real.

The owner is going to want them back, of course. But Italy is going to keep a third as their statutory penalty for non-declaration on the border. Oops. That's great for Italy, but it blows bananas for the actual owner.

Of course Italy (or the US!) could declare them "fake" and as a consequence simply burn them. If they are in fact real, that's an even bigger problem. See, Bearer Bonds are issued without registration - they are as anonymous as a $100 bill in terms of who owns them. That's one of their "features", and why they were often used for various clandestine money operations. So if they are real and are destroyed, the owner is out of luck - their money is gone just as it is if you burn a $100 bill in an ashtray.

How much is $130 billion in this context? About 1/5th or so of what Japan legitimately owns of US Treasury debt. How would you like to take an instantaneous (and permanent!) 20% haircut on your securities? That's what I thought.

To add some balance here, there have been stories about fake bearer bonds coming out of North Korea and other places for years. But the idiocy of attempting to pass a $500 million certificate belies this possibility - who in the name of God would take such a thing and give you anything for it without authenticating it first? While bearer instrument are "anonymous" in terms of who owns them, their authenticity is easily verified as they ARE serialized instruments.

I remain puzzled, and am not advancing the above theory as fact.

It is, however, one of the few explanations that actually fits the facts, and for that reason, I think we need some answers. If in fact previous administrations were issuing "off-book" Treasury debt in this fashion to sovereigns then implications are truly explosive as such issues are blatant and outrageous unlawful acts and would expose everyone involved to severe criminal penalties.

Let's hope we get those answers, and this isn't one of those "funny things" that just disappears into the night.

decim

14-07-2009, 05:40 PM

Definitive theft/fraud deception with the Take And Run Policy

el jefe

14-07-2009, 06:43 PM

“We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental,” Yosano, 70, said in an interview in Tokyo on June 10 before attending a Group of Eight meeting of finance ministers starting today in Italy. “So our trust in U.S. Treasuries is absolutely unshakable.”

:rolleyes:

real6

20-07-2009, 04:00 PM

http://www.liveleak.com/view?i=e47_1244776047&c=1

http://www.doomdaily.com/2009/1345-billion-bonds-in-italy-geithner-in-italy-tarp-japan-russia-what-a-recipe/

To create an illusion you need people to see it. When people see the tricks it becomes a recipe for disaster and what a recipe this is.

And we add our first ingredient -

Russia reportedly has ~140 billion in US debt they are trying to get rid of.

There was 134.5 Billion left in TARP at the end of March.

Timmy (the cheat) Geithner is currently in Italy, meeting with the Japanese and Russian financial guys in relation to the G-8. Urbansurvival.com

And the cherry on top

Which is why we were greatly troubled when we learned recently on good authority that Federal representatives may have opened multiple undisclosed-type accounts with none other than State Street Global Advisors over the past few months. All of these accounts are allegedly handled by one single trader, who is cocooned and isolated from interaction with other partners. Doomdaily

What a recipe and what an insight from Urban Survival, I wonder what it looks like after being cooked! I dont want to taste it thats for sure.

http://www.doomdaily.com/2009/us-government-securities-seized-from-japanese-nationals-unknown-if-real-or-fake/

decim

20-07-2009, 04:34 PM

real6

20-07-2009, 04:40 PM

Recipe for a giant sh#t sandwich, question is who's going to be eating it.

Great info Real6.

Trying to keep up with it but its hard to find....

real6

22-07-2009, 06:27 PM

Possible Links to a Coming Bank Holiday in the Ongoing $134.5 Billion Bearer Bond Mystery

http://www.cryptogon.net/possible-links-to-a-coming-bank-holiday-in-the-ongoing-134-5/

Possible Links to a Coming Bank Holiday in the Ongoing $134.5 …

In fact according to official Italian sources the Commission of American experts, expected in Italy , have yet to arrive. Furthermore, the bonds were accompanied by a recent and original bank record. It is therefore unclear how the U.S. … They were supposed to bring the bonds to Switzerland because the Japanese government had apparently lost confidence in U.S. ability to repay its debt. Japanese financial authorities therefore were trying to sell a part of the securities …

http://www.theundergroundinvestor.com/2009/07/possible-links-to-a-coming-bank-holiday-in-the-ongoing-134-5-billion-bearer-bond-mystery/

Possible Links to a Coming Bank Holiday in the Ongoing $134.5 Billion Bearer Bond Mystery

Since the time I wrote the first article about this event, “The Strange Inconsistencies of the $134.5 Billion Bearer Bond Mystery”, there has been virtual silence in the media regarding any follow-up to this story. However, a little Italian-based website called Asianews.it reported the below story a couple of weeks ago that contained even more strange inconsistencies than the ones I originally reported. I’ve outlined the most prominent portions of this article below.

“Four weeks have passed since American bonds were confiscated from two Japanese men who were traveling on a direct train to Chiasso, Switzerland, and while there has been clarification of some – very few -points, Italian authorities have remained silent on the rest of the episode…The major English-speaking newspapers ignored the story for a couple of weeks. They only started to report on it after the Bloomberg agency carried a story on June 18th, in which a spokesman for the Treasury, Meyerhardt, declared that the bonds, based on photos available on the Internet, were ‘clearly false’. The same day, the Financial Times (FT) published an article whose title laid the blame for the (alleged) infringement at the feet of the Italian Mafia, despite the fact that the article failed to make even one possible connection with the episode in Chiasso.”

Furthermore, “the Financial Times (FT) published an article whose title laid the blame for the (alleged) infringement at the feet of the Italian Mafia, despite the fact that the article failed to make even one possible connection with the episode in Chiasso. Nevertheless, the version of events as reported in FT was taken up by others as being ‘appropriate’.”

When this story first broke, the Italian financial police stressed the remarkable authenticity of the 249 bearer bonds, each of $500 million denomination, and that they were indistinguishable from the real ones. If so, how would it be possible for US Treasury spokesman Meyerhardt to declare the bonds fake based upon looking at internet photos? If he declared them fake because of their alleged 1934 date, note that although this detail was provided by a Bloomberg report, apparently the alleged 1934 date of the bearer bonds was not included in any official statement issued by Italian police. Bloomberg reported that the purported 1934 date came from Colonel Rodolfo Mecarelli of the Italian financial police. If this is true, then why would Colonel Mecarelli omit this critical piece of information from his official report? And indeed, it is strange of the Financial Times to lay the blame for this bearer bond mystery at the feet of the Italian Mafia without any explanation or evidence that points to the mafia’s involvement. Very strange indeed.

On June 25th, “the New York Times reported on the story in particular, the allegations of CIA spokesman, Darrin Blackford: the U.S. Secret Service carried out inspections, as required by the Italian judiciary, and found that they were fictitious financial instruments, never issued by the U.S. government. It is not clear, however, how the checks mentioned by Blackford were carried out and whether they were also are carried out via internet. In fact according to official Italian sources the Commission of American experts, expected in Italy, have yet to arrive. Furthermore, the bonds were accompanied by a recent and original bank record. It is therefore unclear how the U.S. authorities can declare fake documentation that does not originate from the Fed or the U.S. Department of Treasury.”

Again, is any of the above believable? Are we really to believe that no US official made the trip to Italy to inspect these bearer bonds for authenticity and that US officials conducted their inspections via photos passed through the internet? Again, this makes no sense at all. Given the enormous implications regarding the indistinguishable authenticity of these bearer bonds from real bearer bonds, I would believe that a modicum of common sense would dictate that the US Treasury and US Federal Reserve immediately send agents to Italy to inspect the bonds as a matter of procedure. Even if the bearer bonds could be confirmed as fake through their serial numbers, I still find it very difficult to believe that no US official would want to personally inspect the bearer bonds in an attempt to track down the counterfeiters. The official stance that no US officials had yet arrived in Italy a couple of weeks after the discovery of the bearer bonds is very difficult to believe.

“Claims in support of the bond’s authenticity were made June 26th on the Turner Radio Network (TRN), an independent radio station broadcast via Internet. On that date in a massive exposure, TRN stated that the two Japanese men arrested by the Guardia di Finanza (GdF) and then released in Ponte Chiasso were employees of the Japanese Ministry for Treasury. AsiaNews had also received similar reports: one of the two Japanese arrested in Chiasso and then released is Tuneo Yamauchi, the brother (in-law) of Toshiro Muto, until recently vice governor of the Bank of Japan. On its website, the creator and presenter of the Radio, Hal Turner, had also claimed that his sources had revealed that the Italian authorities believe the evidence to be authentic and that the two Japanese officials are from the Japanese Ministry for Finance. They were supposed to bring the bonds to Switzerland because the Japanese government had apparently lost confidence in U.S. ability to repay its debt. Japanese financial authorities therefore were trying to sell a part of the securities in their possession through parallel channels ahead of an imminent financial disaster, thanks to the anonymity which, Turner said, is guaranteed by the laws of Switzerland.”

Certainly if the identity of one of the two Japanese men could be confirmed as the brother-in-law of the recent vice governor of the Bank of Japan, then this would seem to indicate that there is much more to this story than the “official” story that is being reported. However, all I could discover about this detail was that the identity of Tuneo Yamauchi was leaked by “confidential sources” whose reliability is unknown. So the alleged identities of the two Japanese nationals caught in possession of the bearer bonds still remain a big question mark.

“AsiaNews does not know to what extent Turner’s revelations can be held as credible, given that in this case too, it is difficult to believe that $ 134.5 billion would pass unnoticed anywhere in the world. It seems far more logical to assume that the bonds, if authentic, were directed to the Bank for International Settlements in Basel, BIS, the central bank of central banks ahead of the issuance of securities in a new supranational currency.”

The only thing interesting about the above is that there have been lots of underground rumblings about the imposition of a US Bank Holiday, similar to the one imposed during the Great Depression, sometime before the end of this year for the purpose of dollar devaluation. These rumblings have allegedly originated from employees that work at US embassies all over the world, but at this point, these rumors are all anecdotal. If another Bank Holiday was in the works, then it would lend more credibility to the “authentic bearer bonds” angle, but this is a very big “if”.

“One more element in favour of the bond’s authenticity is found in the securities, which in the June 4 statement, the GdF termed “Kennedy Bonds” with photos provided. These photos reveal that the securities under discussion are not bonds but Treasury Notes, because they are securities that can be immediately exchanged for their worth in goods or services and because they are devoid of interest coupons. One side carries a reproduction of the image of the American president, the reverse side that of a spaceship. From confidential, usually well-informed sources, AsiaNews has learned that this type of paper money was issued less than ten years ago (in 1998), although it is difficult to know whether those seized in Chiasso are authentic. But the fact that the release of this particular State Treasury was not completely in the public domain tends to exclude the possibility of counterfeiting. It is highly unreasonable to suppose that a forger would reproduce a State Treasury not commonly in circulation and of which there is no public knowledge.”

In the end, there truly is no possible way to separate fact from fiction in this still under-reported and largely uncovered story; however, if a Bank Holiday happens before year end, it certainly will lend significant support to the still incredulous possibility that these bearer bonds were indeed real.

real6

22-07-2009, 06:30 PM

Also, check the comments on this website. Some interesting comments...

The real name of Tuneo Yamauchi is “Akihiko Yamaguchi”

from WHISTLEBLOWER - RESPONSE TO STRIDERUS' POST OF JUNE 15th, re: 2 JAPANESE MEN WITH U.S. BONDS

Posted By: hobie <Send E-Mail>
Date: Thursday, 18-Jun-2009 00:11:10

From Whistleblower - 6 PDF files of documentation accompany this post - look for links at the end in order to view that documentation:

=====

Dear Hobie,

I refer to
the section of a posted by Striderus on June 15th as follows:-

=====

http://www.rumormillnews.com/cgi-bin/forum.cgi?read=148843>

I think every one interested in this story needs to see this information I recieved found no where else but here at RMN

Posted By: Striderus Send E-Mail

Date: Monday, 15-Jun-2009 21:39:14

In Response To: B. Fulford's
updated arrests involving ' citizens arrested in Italy last week carrying bonds worth $134 billion ' (Striderus)

http://www.rumormillnews.com/cgi-bin/forum.cgi?read=148778

".... the name of the gentleman is akihiko yamaguchi he is a representative of the dragon family in japan - the bonds are registered with the fed under fed code; draggon family, very old story ...................... and very delicate ...."

I find this especially interesting considering what he is involved in in business ...

And also considering Maat's post.

Striderus

=====

If I may respond, with publication, relative to the highlighted area of Striderus’s article.

Akihiko Yamaguchi was a top official at the Japanese Ministry of Finance, and the signatory for the Dragon Funds under the authority of the Ministry of Finance / Minister.

Yamaguchi was also responsible for the unauthorized and illegal issuance of the Japanese 57 Series Bonds which were issued using the Dragon Funds as Collateral. Yamaguchi was subsequently arrested and incarcerated for Fraud.

Obviously he is now out of prison and up to his old tricks. Some people never learn do they.

However, the fact that neither he or his Japanese accomplice were actually arrested or charged by the Italian Authorities, when they are undoubtedly and blatantly breaking Italian Law relevant to the carrying of cash / securities across borders, and International Law whereby they were in possession of stolen property (The UST Historic Bonds 1933/34 = $134 billion USD) whereby the intent was to commit fraud and criminal / fraudulent deception by virtue of the possible illegal use of the Stolen Property; is in my opinion evidence that there is something more than just strange about the whole issue surrounding the $134 bill UST Bonds and the actual people involved.

Perhaps the notion of Yamaguchi being connected to the CIA and covert operations has quite a lot of foundation.

I also hasten to add that the other Japanese person in Italy with Yamaguchi may have been Mr Mitsuyoshi Watanabe (Yamaguchi’s accomplice in the Japanese Series 57 Bond scam)

For those interested I attach in Adobe .pdf format, copies of Yamaguchi’s Passport and details of the illegally issued Japanese 57 Series Bonds, plus copies of the Passports of all other known persons involved with this illegal issuance matter, which I gained when investigating this same.

(Please Note: As this subject matter is directly related to the Japanese Government and its Ministry of Finance, specific documents contain a “Top Secret” stamp / seal. Readers should note that under Japanese Law and US Law (together with similar laws of other Nations), it is illegal to publish such documents.

Readers should also note that International Treaty Law and International Law, where relevant to the Combined International Collateral Accounts, takes precedence over National Laws, whereby National Laws become subservient and as such are irrelevant.

However, so as to avoid any form of reproach, embarrassment, conflict, legal actions, or otherwise, that may be inflicted, undertaken, brought upon, enacted, or otherwise, against Rumormillnews.com, or any other community Web Site, together with Owners, Administrators, adjudicators, or similar, such documents containing “Top Secret”, “Secret” or similar official descriptive wording, will not be published and will therefore restrict the public from viewing or obtaining full details of this specific illegal transaction.

We do apologize for this, but we point out that we also care and are considerate towards any person, persons, or party who willingly agree to publication of such matters, whereby the consequences of same may have an adverse effect on such person, persons, and parties, whereby the fullest possible protection from any adverse effects or consequences are paramount in our minds and within our own acts or actions).

I can also state that ABN-amro bank in Holland were partly involved in this fraud as they issued a “Proof of Funds” to an Egyptian (Ibrahim Ghonaim) who had gained possession of one of the Series 57 Bonds.

These Bonds, or Series, issued under requisite Authority from the International Treasury Controller, through the Japanese Ministry of Finance are in fact, and strictly, Government to Government Bonds only.

Needless to say, and I hate repeating myself, but the Dragon Funds are actually part of the Collateral Accounts of the Global Debt Facility, whereby The Japanese Ministry of Finance / Government are just Custodians of the numerous Accounts held in Japan, and whom hold no authority, without of course the requisite permission of the International Treasury Controller, to issue, or authorize issuance of any Bonds, Notes, Certificates or otherwise against the Dragon Fund Accounts.

Please refer to the attachments, which should be displayed with my response whereby I hope you can insert them within, or below, my response. Unfortunately I only have these in .pdf format.

Regards

Whistleblower.

Attachments:

A5721-DragonBond.pdf

http://img.photobucket.com/albums/v517/REAL6/SKMBT_C45109072213470.jpg

[Two Top Secret documents omitted]

Passport-Ghonaim.pdf
Passport-Watanabe.pdf
Passport-Xavier.pdf
Passport-Yamaguchi.pdf
Xapier-POA.pdf

(Thanks, J. :)

Reader J. writes:

************************************************** *************************

Re: from WHISTLEBLOWER - RESPONSE TO STRIDERUS....

If the two person caught with the bonds is a filipino i think someone is connected to them. They doesn't look to be Japanese maybe a Japanese citizen i know that there are thousands of those are here in Mindanao and i know one of the holder and someone said that there will be a scheduled redemption program soon starting from Europe, China and The Philippines.

************************************************** *************************

IN RESPONCE:

Dear Mr J.

Thank you for your input which is highly respected and appreciated.

As far as we have been made aware, there were only 3 people taken off the Italian train and their baggage searched. Two were definitely Japanese and their identities are known, One was apparently a European or American carrying a Diplomatic Passport.

However, I should point out that information is expectedly vague on these matters at this moment in time whilst further investigations are being undertaken.

Whether a Filipino was accompanying the above persons we have no knowledge on same as yet, but our thanks for bringing this to our attention which we will take into account in due course.

We did actually post [as PDF files] Passport copies of the two Japanese apparently involved. These were posted under

from WHISTLEBLOWER - RESPONSE TO STRIDERUS' POST OF JUNE 15th, re: 2 JAPANESE MEN WITH U.S. BONDS
hobie -- Thursday, 18-Jun-2009 00:11:10

If you care to look at the passport copies, or alternatively sent us a copy of the picture you are referring to when you state they do not look like Japanese, I will investigate and get back to you on it.

As for a scheduled Redemption, unfortunately this is not correct. All these certificates that are referred to in my previous posts and other posts are Debt Obligation Certificates whereby the only party who can redeem that debt is the Nation that issued the Obligation Certificates to secure the debt. As this is America I can not see for many years to come that they will be able to redeem the debt under any circumstances.

As for other matters surrounding the assets, whether certificates or physical assets, you, or your associates are very welcome to contact me at any time and seek confirmation of anything you may have heard, or seek advice of specific matters if there is a need to do so.

In the meantime, thank you once again for your questions

Regards

Whistleblower.

(Thanks, SG :)

Reader SG writes:

************************************************** *************************

Re: from WHISTLEBLOWER - RESPONSE TO STRIDERUS....

I sent this post to a friend and this was friend's comment:

Whistleblower:

Please evidence the existence of a bona fide "International Treasury Controller" and the "Combined international collateral accounts of the Global Debt Facility"?

And while you're doing so perhaps you could likewise evidence the supposed beneficiaries of this wonderful facility namely "Nations of the World" a fantastically girthsome and generic term that, so far as I can ascertain, has no actual reality outside of a Walt Disney Studio. Perhaps it is so hush-hush that mere mortals aren't allowed a glimpse behind the (grifters) curtain?

I ask only because I want to know which nations of the world agreed to the post of an " International Treasury Controller" back in 1933/34-ish?

Did, for example, Hitler's Germany agree with Roosevelt's America to do this? Did Ramsey MacDonald"s Britain agree with Benito Mussollini"s Italy to join the team as partners? Or are we talking of "Injun" nations of the world--- or the Dominion of Mechizedek's nations of the world or Walt Disney Studio"s make-up artists nations of the world?

************************************************** *************************

IN RESPONCE:

Dear Hobie,

In response to the questions put forward by Reader SG:

Dear Sir,

We have experienced questions of this nature before and I have to say that we have absolutely no reason to justify or defend ourselves against such questions.

Such questions generally have three sources:-

a). Individuals or professionals who do not carry the applicable status or clearance level to access the data records of the OITC, the relevant International Treaties, or all documented decisions made by the Nations of the World.

b). Misinformation or sabotage agents whose main purpose is to discredit and destroy, and whom usually work for specific governments or government agencies.

c). Those who genuinely want to either contact the OITC or find out more, but get frustrated in their efforts to locate relevant information, and then claim that if they can’t find it, then it doesn’t exist.

Sir, you have obviously not read either the content of our web site ( www.unoitc.org ), nor viewed the Video Presentation – General information, because if you had then you will clearly notice and hopefully understand that only Kings, Queens, Presidents, Prime Ministers, or in certain cases under special dispensation, a Minister of Finance or Minister of Foreign Affairs, can seek verification of the OITC using and strictly applying specific procedures and protocols.

We do publish whatever information we possibly can to enlighten people, but sometimes that is not enough and can be damaging to a slight degree.

This is not of our making but that of the Nations of the World at the time and although we are making the appropriate efforts by seeking the necessary changes, unfortunately the wheels of International bureaucracy turn very slow indeed.

The fact that you are making insinuations and scepticisms of a discrediting nature tells me a lot about you, whereby I have no need to justify our existence to you at all. What you believe is your prerogative, but do not try to impose your own distorted opinions on others via a respected community Web Site, especially if you do not hold the status or capacity to seek proper formal and official verification of the OITC.

Sir, have you ever looked at the other side of the coin and wondered, or even questioned as to why this has been held secret ever since inception, 1920, 1945 to date. If not, perhaps you should. Maybe you should also read some of the postings on RMN by other respectable persons such as Watcher 51445, Rayelan and many others, as these are all relevant to the subject matter and / or the Collateral Accounts in one way or another and actually are all relevant to the very same financial system which you are claiming to be, quote “are we talking of "Injun" nations of the world--- or the Dominion of Mechizedek's nations of the world or Walt Disney Studio"s make-up artists nations of the world?”.

What you do not know, and probably never will, is that there are several Sovereign Nation Presidents and Prime Ministers who are fully aware of who we are and have been dealing with us over a period of time. Unfortunately, we are not allowed to breach confidentiality and will only reveal the names of those persons / countries if and when they give their written permission.

I should also point out some additional facts to you and other readers:-

a). It was the Collateral Accounts (GDF) that under-pinned the US Dollar until 1971 when the Gold Standard was removed by President Nixon.

b). It is the Collateral Accounts (GDF) that underwrite the Federal Reserve System (Not the actual Federal Reserve) which is also operational in Europe. There is a special account for this, which is Fedsystem Account No. 8543418(8)

c). It is the Gold of the Collateral Accounts (GDF) supporting the IMF, some 3,400 + MT of gold that actually belongs to the Collateral Accounts.

d). It is the Collateral Accounts (GDF) that also have a special account for the United States Senate (U.S. Senate Account No. 9845270019) which the Senate can draw against to cover specific costs incurred relative to work undertaken by the Senate regarding the Collateral Accounts (GDF).

e). Files on H.E. The Chairman and the OITC are Secured by U.S. Congress under 3rd Level to the 5th Level Rules, with Appointment and Protective reaffirmed by the United States Senate under the Great Seal of America No: 632-258894. The US Congressional Committee holding the file and who are responsible is Chaired by a very well known long established US Congressman.

I could go on and on, but there doesn’t seem to be much point based upon your own negative attitude.

Proof is there if you seek it from its lower realms, but perhaps Sir you do not want to know the truth. Whatever the reason for you not wanting to know the truth, please realize that others do, and certainly several parts of the US Government already do as they are financed by the Collateral Accounts (GDF) and hold official documentation / information of H.E. The Chairman and the OITC.

You see Sir, the world is not as you imagine or want it to be. Just because you demand answers and imply negative factors if you do not get the answers, doesn’t mean to say that the world has to listen to you or kneel to your every command. Far from it.

Governments are equally secretive to the people (That’s why they get away with many things including corruption etc.). What you see publicly and what really goes on beneath the scenes are two totally different things, but do you Sir, ever question same with a similar vengeance. No, I very much doubt it, because you will believe what you want to believe no matter what truth is placed before you.

On that, enough said as your statement says it all, quote “Perhaps it is so hush-hush that mere mortals aren't allowed a glimpse behind the (grifters) curtain?”. I would use the words “Top Secret” or “Secret” instead of “hush – hush” as being more applicable. Please be assured however that we are as transparent and open as we possibly can be, or allowed to be at this moment in time.

Please Note: The OITC Web Site now has a Question and Answers section ( www.unoitc.org ) if you prefer to use this as an alternative. However, without turning RMN into a “Discussion Board” we do like to be open and transparent so posting at RMN is acceptable to us as it enables others to learn about the facts and truth.

Regards

Whistleblower

real6

22-07-2009, 06:59 PM

http://cannonfire.blogspot.com/2009/06/mystery-bonds-enter-cult-now-it-gets.html

My articles have been vindicated. After you read the piece below, check out the sixth update to this Cryptogon article on the mystery bonds. The main Cryptogon article was written before my work but the update -- which gloms onto the Filipino connection -- was written afterward, independently. The giveaway was the "1934" date on the bonds. Apparently, when someone tried to pull this trick back in 2005, the bonds amounted to $3 trillion. Those guys on the Italian-Swiss border were pikers. For lots more info (included a damning photo), see my updated post, "Vindication.")

Our previous story on "The Italian job" has gotten stranger.

Before we get to the new stuff, we must recap: Two "Japanese nationals" (who may not actually come from Japan) were caught in Italy just as they were about to take $134.5 billion dollars in bonds into Switzerland. Most of these bonds, we are told, were of such a ridiculously high denomination ($500 million each) as to make them non-negotiable by normal humans. Only states could hope to use such things.

Mystery number 1: What did the "Japanese nationals" hope to do with these instruments?

Mystery number 2: Are the bonds counterfeit or real? If real, Italy stood to gain a windfall -- Italian law allows the government of that country to take 40 percent of the booty.

Mystery number 3: Why has the American press kept mum about a possible swindle that dwarfs the Madoff affair? The Europeans and the Asians are all over it.

Now that we are caught up, here's the latest: This site by Karl Denninger quotes a translated German news article which indicates that the bonds are probably real, or so sayeth the Italians. That clear up Mystery number 2.

Or does it? Recall that the Italians, who are conducting the investigation, have a strong financial stake in the outcome. Below, we will examine good evidence that the bonds are actually outrageous fakes.

Real or fake, just how did the two "Japanese" hope to cash such bonds? Who are these guys? Why are their names being kept out of all news accounts?

One news story -- immediately taken offline -- identified one of the "Japanese" as a notorious con man from the Philippines named Yohannes Riyadi, a.k.a. Wilfredo Saurin, whose associates in international crime are fairly well-known. The other guy may have been his comrade Joseph Daraman. These two men are the right ages, and they both could pass for Japanese. They've been trading in fake documents from the Federal Reserve for years.

A more basic question: Just what ARE these bonds?

Karl Denninger seems to think that we are dealing with bearer bonds. Such bonds are like the bills in your wallet (only lots more compact) -- they bear no record of the transaction. If you possess them, the money's yours. That is, if you can figure out how to cash a $500 million bond, which you probably couldn't.

But are they bearer bonds? The original Italian story referred to the bonds as mostly "Federal Reserve Bonds" plus "Kennedy Bonds." BabelFish it:

Duecentoquarantanove bond della Federal Reserve statunitense per un valore nominale di 500 milioni di dollari ciascuno, più 10 bond Kennedy da 1 miliardo di dollari ciascuno

And now I'm trying to figure out just what these words mean.

Maybe you'll have better luck than I did, but when I looked up the phrase "Kennedy bonds," I encountered no previous usage of that term. The classification almost certainly does not exist.

"Federal Reserve Bond" is a more difficult term. This site offers a discussion of the Italian mystery which includes an eye-opening comment by one sjfan:

I used to trade treasury bonds and cash for several institutions... there's no such thing as "Federal Reserve Bond". It doesn't exist. The fed do not issue their own debt instrument.

Is that claim true? The improper subject-verb agreement does not necessarily mean that we should dismiss what sjfan has to say. I've been researching the term "Federal Reserve Bond" and have found no hard evidence that such an animal has ever stomped the earth. Yes, there are Federal Reserve Notes, which we all know about. But the bonds shown in the photograph are not those.

So what are they? Here's where we enter the land of high strangeness.

I found a surprisingly relevant YouTube video produced by a group of Asian religious fanatics. This video allegedly displays old Federal Reserve Bonds, dug up from an underground stash. You really must watch this video, because it has a direct impact on our tale. Sorry about the annoying music, but at least the Beethoven is nice:

At about the 1:26 mark, you'll see a rather soiled financial instrument that looks an awful lot like the ones pictured in the photo taken of the Italian job. There must be a connection.

So where did these bonds come from? This cache is attributed to "Queen Salvacion A. Legaspi," who, near as I can tell, heads up a cult in the Philippines. As you will recall, we have tentatively identified the two "Japanese" nationals as a pair of notorious high-level Filipino grifters.

And where did the Queen supposedly find all this stuff? I'm dying to hear her tale of treasure and adventure, which I'm sure will be very entertaining.

In a 2007 press release preserved here (but currently missing from her web site), she announced that she was keeping the bonds in a secret location but was willing to give them to President Bush because they were originally issued by the United States, long, long ago. Alas, the press release does not explain how she "found" them. The Queen also says that there are enough $500 million bonds to fill up an airplane.

One comment on the YouTube page refers to these Federal Reserve Bonds as

"...fakes. Not forgeries. Just plain fakes. You can find a lot of those things in the Philippines. From Yamashita's treasure maps to these so-called war bonds."

Side note: Over the past few decades, there have indeed been many maps floating around, allegedly identifying the location of Yamishita's gold, the legendary horde best described by someone doing an expert imitation of Sidney Greenstreet. Think of it! All the gold looted in Asia during World War II! So much gold that acknowledging it would force authorities to double their estimates of how much gold has existed in all of history! And not just gold but silver and jewels and other valuables!

Author Sterling Seagrave, whom I respect, says that the stolen war loot is or was real. Perhaps -- but that does not mean that the maps are real. Many a wild goose has been stalked.

End side note; back to our story. My internet research has uncovered a few references to "Federal Reserve Bonds" of 1934 vintage being stashed in the Philippines. As far as I can tell, these yarns are pure legend. If you know differently, feel free to educate us all.

(Recall that the queen says that she has enough of these $500 million bonds from 1934 to fill up an airplane. Hm. So what was the U.S. gross national product back in 1934...?)

One thing's for sure: Those Filipinos do love their buried treasure stories.

Are you curious to learn more about Queen Legaspi, possessor (printer?) of the bonds? Looks like she's latest incarnation of JC. (He keeps coming back...and back...) If you want to see her in action, she has a couple of silent videos up, here and here. Lo, it is written:

On this anointment as God's Chosen as Manifested on her saga, these collective of events are being put together as a proof of her events as the Anointed Spirit of God, and The Chosen One. In any of all the places she goes, wherever she was, the Tribal Leaders/ Lumads, Religious Organization Leaders, Islamic or Muslim group, had blessed her and appoint her to be their Queen. This all happened unknowingly what is to come in the future.

Translation: She's a toon. But she's a toon with money and political ambition, or so it would appear. A toon like Moon.

Except for this one video, which was produced by a bizarre Asian religious sect, I have seen no visual evidence that Federal Reserve Bonds exist.

The Federal Reserve Bank of New York, in a 2005 announcement, says that

The Federal Reserve is aware of several scams involving high denomination Federal Reserve notes and bonds, often in denominations of 100 million or 500 million dollars, dating back to the 1930s, usually 1934. In each of these schemes, fraudulent instruments are claimed to be part of a long-lost supply of recently discovered Federal Reserve notes or bonds.

The Federal Reserve has never issued any bonds or notes with coupons attached. The Federal Reserve Bank of New York is not aware of any currency or debt stockpile of large denomination Federal Reserve notes from the 1930s and warns that any institution that pays out on such a claim does so at its own risk.

It should also be noted that the largest denomination of currency ever printed by the Bureau of Engraving and Printing was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson.

Okay, now we're getting somewhere!

The same page offers a warning about Riyadi (a.k.a Saurin), the likely culprit. And this Bloomberg story mentions that the bonds in the Italian cache supposedly date from 1934. (They sure look new in the photo! The ones in the video look aged. That sort of thing can be faked, of course.)

So not only are the bonds captured in Italy a probable hoax, the entire concept of a "Federal Reserve Bond" seems to be a myth. Nevertheless, such bonds did become a topic of discussion recently, within a section of the blogosphere not normally traversed by Cannonfire readers. On Lew Rockwell's site, one Michael Rozeff claims that

Rumor has it that the Federal Reserve is considering selling bonds. The legality is in question. Leaving that aside, why would the Fed do such a thing? If it did, how would such a thing work? What would be its effects?

Rozeff goes on from there, and it's all pretty interesting. But he speaks of the Federal Reserve Bond as a theoretical construct. Such things do not yet exist -- and may never exist, since they are probably not allowed by the law which created the Federal Reserve.

So: What are our options? Can we cobble together a revised theory of the Italian mystery, based on all of this additional information?

1. The Italian news story got it wrong. They used the term "Federal Reserve Bond" incorrectly; the financial instruments are actually bearer bonds.

This theory has one big problem: That damned video! The bonds captured by the Italians look exactly like the bonds pictured in the video, and they are clearly marked "Federal Reserve Bonds." The bonds in the video -- which has a terribly unpersuasive provenance -- are probably fake.

Yet the Italian authorities (according to the German article) lean toward the theory that these bonds are not counterfeit. Not only that: In their first press release, the Italians said that the bonds were virtually indistinguishable from the real thing. How could they make such a claim if Federal Reserve Bonds do not even exist?

2. The bonds are real. Maybe there is such a creature as a Federal Reserve Bond. It's not just a theoretical possibility; they've been around for decades. But they are traded on a very august level, far from the sight of we ordinary mortals. Thus, there is no mention of this type of bond in Wikipedia or on any other "respectable" web site. The Federal Reserve of New York is lying when it claims that such bonds do not exist.

Is that theory possible? If you say "Yes," then perhaps you also think that space lasers destroyed the twin towers.

3. "We got a great big con-job; ain't it a beautiful sight?" Our pals Wilfredo and Joseph decided to put together their own cache of fake financial instruments, probably using the same printing press which "Queen Salvacion A. Legaspi" used. Why? Perhaps their intent was not to negotiate the bonds but to use them to fleece the gullible. There are lots of ways a con artist can cause mischief if he can convince a dupe that he (the conster) has a lot of money.

So why did the Italians say that the bonds are indistinguishable from real?

As noted earlier, under Italian law, the government gets-a to keep-a 40 percent-a da money -- if the bonds are genuine financial instruments.

Maybe Berlusconi somehow got wind of what Wilfredo and Joe-Joe were up to -- hey, SISMI is not entirely useless -- and decided to turn the situation to his advantage. Maybe he decided to put the bonds in a bank and simply credit the money to a government account. (Berlusconi to bank officer: "These bonds are real. You want proof? My pal Vito the leg-breaker will give you proof.") Like magic, fake money becomes genuine coin.

But is such a thing possible? Could Silvio Berlusconi falsely label fake bonds real, stash them in a government bank account, and then start singing the Italian version of "We're in the money"?

Again, it all seems highly unlikely. Of course, Silvio's whole life has been one massive experiment in unlikelihood.

By the way: Our Randroid "friend" Pam Geller feels certain that she knows who the real culprits are: The Norks! (That is, the North Koreans.) She has, of course, zero evidence for this assertion. So far, the evidence tends to point to the Filipino underworld. But if you enjoy baseless accusations, it's "Wham, bam, thank you Pam!"

Please do me a favor and spread word about this post. Although the Italian job has engendered a lot of blogosphere speculation, no other site known to me has put together as much of the story as you'll see here. (Things may be different in a few hours, of course.) Incidentally, a Daily Cheeto diary made mention of this story. That post, along with six comments, has now been pulled. Why? You tell me!

real6

22-07-2009, 07:13 PM

http://img.photobucket.com/albums/v517/REAL6/1-4.jpg
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http://img.photobucket.com/albums/v517/REAL6/9-1.jpg
http://img.photobucket.com/albums/v517/REAL6/10-1.jpg

http://www.rumormillnews.com/pdfs/Whistleblower/A5721-DragonBond.pdf

http://www.rumormillnews.com/pdfs/Whistleblower/Passport-Ghonaim.pdf

http://www.rumormillnews.com/pdfs/Whistleblower/Passport-Watanabe.pdf

http://www.rumormillnews.com/pdfs/Whistleblower/Passport-Xavier.pdf

http://www.rumormillnews.com/pdfs/Whistleblower/Passport-Yamaguchi.pdf

http://www.rumormillnews.com/pdfs/Whistleblower/Xapier-POA.pdf

real6

22-07-2009, 07:14 PM

http://img.photobucket.com/albums/v517/REAL6/11.jpg
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el jefe

22-07-2009, 07:24 PM

What exactly are we looking at here?

real6

22-07-2009, 07:33 PM

http://www.bloomberg.com/apps/news?pid=20601101&sid=aKk6SFXTYeMw

Japan 10-year Bonds Decline as Stock Gains Damp Demand for Debt

July 21 (Bloomberg) -- Japanese bonds fell for the first time in a week after a five-day gain in stocks reduced demand for the relative safety of government debt.

Ten-year yields touched the highest level in more than two weeks after Goldman Sachs Group Inc. lifted its forecast for the Standard & Poor’s 500 Index on improving earnings and CIT Group Inc. agreed to a loan to avoid bankruptcy. Demand for bonds weakened before the Ministry of Finance sells 1.1 trillion yen ($11.7 billion) of 20-year securities tomorrow as the government increases debt sales to fund stimulus programs.

“We are seeing better-than-expected earnings reports, which are the trigger for recent optimism,” said Takashi Nishimura, a Tokyo-based analyst at Mitsubishi UFJ Securities Co., a unit of Japan’s largest bank by assets. “There are a lot of negative factors surrounding the JGB market such as the rally in stocks and tomorrow’s 20-year auction.”

The yield on the 1.4 percent bond due June 2019 rose three basis points, or 0.03 percentage point, to 1.35 percent as of 12:57 p.m. in Tokyo at Japan Bond Trading Co., the nation’s largest interdealer debt broker. The price fell 0.265 yen to 100.436 yen. Ten-year yields earlier reached 1.355 percent, matching the highest level since July 2.

Twenty-year yields increased three basis points to 2.06 percent. Bond futures for September delivery declined 0.22 to 138.36 at the Tokyo Stock Exchange.

Stocks, CIT

The Nikkei 225 Stock Average rose 1.4 percent today after the S&P 500 Index yesterday advanced to 951.13, the highest level since November. Goldman Sachs boosted its year-end target for the S&P 500 to 1,060, a 15 percent increase from strategist David Kostin’s projection of 940 on June 30.

CIT is receiving a $3 billion loan, the New York-based firm said. Loan proceeds of $2 billion are available immediately and the rest is expected within 10 days, the company said.

Issuance of Japan’s government debt will probably overwhelm investor demand, according to UBS Securities Japan Ltd., one of the 23 primary dealers. The finance ministry in April said it will boost debt issuance by 15 percent to 130.2 trillion yen this fiscal year started April 1 to help pay for Prime Minister Taro Aso’s economic stimulus packages.

‘Balance Will Collapse’

“The demand and supply balance will collapse into August, applying upward pressure on longer-dated yields,” said Tokyo- based Eiji Dohke, chief strategist at UBS Securities Japan.

The spread, between 20- and 10-year Japanese debt held near the widest since April 2008. The gap was at 71 basis points.

Investors should bet the yield curve will steepen between five- and 10-year notes, Dohke said. The spread widened to 66.5 basis points today, according to data compiled by Bloomberg.

A yield curve is a chart that plots the yields of bonds of the same quality, but different maturities. It steepens when yields on shorter-maturity notes fall, those on longer-dated bonds rise, or both happen simultaneously.

Japan’s previous sale of 20-year government bonds on June 17 drew bids for 3.6 times the amount on offer, compared with a so-called bid-to-cover ratio of 3.52 at the May 26 sale.

Primary dealers, which are required to bid at government debt sales, tend to reduce holdings of bonds in case prices decline before they can pass on the new securities to investors.

To contact the reporter on this story: Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net; Theresa Barraclough in Tokyo at tbarraclough@bloomberg.net.

el jefe

23-07-2009, 07:32 AM

What exactly are we looking at here?

http://img.photobucket.com/albums/v517/REAL6/16.jpg

In Yen? Japan got $500bil or the UN did?

http://ilgiorno.ilsole24ore.com/como/2009/07/02/199822-bond_sequestrati_comasco.shtml

Translation: Italian » English
LA PERIZIA affidata ai servizi segreti, i due indagati giapponesi spariti prima dell’interrogatorio che si sarebbe dovuto tenere ieri mattina e tornati... Dimensione testo Home - Notizie Como prec succ 2009-07-02 di PAOLA PIOPPI — COMO — LA PERIZIA affidata ai servizi segreti, i due indagati giapponesi spariti prima dell’interrogatorio che si sarebbe dovuto tenere ieri mattina e tornati nel loro Paese, ma anche un indagato italiano, Alessandro Santi, 72 anni di Carimate, iscritto con le stesse ipotesi: falsificazione di monete e introduzione nello Stato di monete falsificate, e parificazione delle carte di pubblico credito alle monete. Santi si sarebbe incontrato con i due giapponesi - Akihiko Yamaguchi, 54 anni e Mitsuyoshi Watanabe, 61 anni - prima che andassero in dogana a inizio giugno e venissero fermati con 259 titoli obbligazionari, vale a dire bond, per un valore di 134 miliardi di dollari americani. Il più grosso sequestro mai effettuato a Como, con un controvalore di 96 miliardi di euro, rispetto al quale si sa pochissimo. I BOND erano nascosti sul fondo di una valigia, in uno scomparto chiuso e separato da quello contenente gli indumenti personali. In tutto 249 bond della Federal Reserve americana, emessi nel 1934, del valore nominale di 500 milioni ciascuno, che secondo i primi accertamenti dovrebbero essere falsi, e 10 Bond Kennedy del valore nominale di un miliardo di dollari ciascuno, emessi nel 1998 e probabilmente autentici. Assieme ai titoli, i due avevano cospicua documentazione bancaria in originale. Tra giovedì e sabato scorsi la Guardia di finanza e i servizi segreti degli Stati Uniti hanno fatto perquisizioni in diversi luoghi della Lombardia, acquisendo telefonini, pc e documentazione varia, non si sa a carico di chi sono state fatte queste perquisizioni, ma è certo che si tratta di società o persone in qualche modo collegate ai tre indagati o ai bond. Resta comunque il fatto che questa vicenda, di cui nessuno vuole parlare, sembra nascondere un giro internazionale di alto livello, legato indiscutibilmente alla finanza: ne sono dimostrazione da un lato la presenza dei servizi segreti statunitensi dall’altro un episodio singolare. Ancora prima che i nomi dei due giapponesi comparissero sui giornali, un sito internet finanziario aveva pubblicato la fotocopia dei loro passaporti, indicando a quali precedenti affari i due si legavano. SEMPRE IN MATERIA di bond falsi, ieri il Tribunale collegiale di Como ha assolto Giuseppe Maffei, ingegnere romano di 68 anni, che a gennaio era stato trovato in possesso di 120 milioni di dollari in titoli di stato americani mentre viaggiava in treno da Lugano a Milano. Si trattava di quattro titoli, due da dieci milioni e due da cinquanta, che i militari della Guardia di finanza avevano trovato in un cestino dell’immondizia di un vagone. L’accusa di introduzione in Italia di titoli falsi è decaduta in quanto emessi da una società privata fallita, e inoltre scaduti da sette anni.

THE EXPERT entrusted with the secret services, the two suspects disappeared first Japanese questioning that was to be held yesterday morning and returned ...
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prec succ
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PAOLA PIOPPI of
- COMO --
THE EXPERT entrusted with the secret services, the two suspects disappeared first Japanese questioning that was to be held yesterday morning and returned to their country, but also a suspected Italian, Alessandro Santi, 72 years of Carimate, written with the same assumptions: forgery and the introduction of coins in the State of coins, and equalization of public credit card coins. Saints would have met with the two Japanese - Akihiko Yamaguchi, 54 years and Mitsuyoshi Watanabe, 61 years - before it went to customs to begin in June and were stopped with 259 bonds, ie bonds, worth 134 billion dollars Americans. The biggest seizure ever made in Como, with a value of 96 billion euros, for which we know very little.

BOND I had hidden at the bottom of a suitcase, in a closed compartment and separate from that of the personal clothing. Altogether 249 bond of U.S. Federal Reserve, issued in 1934, the nominal value of 500 million each, which according to the initial investigations should be false, and 10 Kennedy Bond par value of one billion dollars each, issued in 1998 and probably authentic . Along with titles, the two had large bank documents in original. Between Thursday and last Saturday the Guardia di Finanza and the secret services of the United States have done searches in various places in Sydney, acquiring mobile phones, computers and various documents, we do not know against whom they were searching, but it is certain that case of companies or individuals in some way related to the three suspects or bond. The fact remains that this affair, and no one wants to talk, it seems to hide an international tour of high-level finance indisputably linked: they are demonstrating on the one hand the presence of the U.S. Secret Service on the other a singular episode. Even before the names of the two Japanese appear in newspapers, a financial website had published a photocopy of their passports, showing what the two previous affairs is bound.

ALWAYS IN THE MATTER of bond forged, yesterday the Court of Como collegiate acquitted Giuseppe Maffei, a Roman engineer of 68 years, which in January was found in possession of 120 million dollars in debt while Americans were traveling by train from Lugano to Milan . It was four titles, two of ten million and two fifty, that the soldiers of the Guardia di Finanza was found in a trash dell'immondizia a wagon. The charge introduced in Italy false securities fell as issued by a private company failed, and also due for seven years.

real6

23-07-2009, 03:57 PM

What exactly are we looking at here?

Well for starters, the two Japanese men who were arrested, that is their Passports and pictures. ;)

Funny how we only hear about the 2 asian men. But was there a third? ANd was he an american or italian?

This is a quote from someone:

Dear Mr J.

Thank you for your input which is highly respected and appreciated.

As far as we have been made aware, there were only 3 people taken off the Italian train and their baggage searched. Two were definitely Japanese and their identities are known, One was apparently a European or American carrying a Diplomatic Passport.

However, I should point out that information is expectedly vague on these matters at this moment in time whilst further investigations are being undertaken.

Whether a Filipino was accompanying the above persons we have no knowledge on same as yet, but our thanks for bringing this to our attention which we will take into account in due course.

We did actually post [as PDF files] Passport copies of the two Japanese apparently involved. These were posted under

from WHISTLEBLOWER - RESPONSE TO STRIDERUS' POST OF JUNE 15th, re: 2 JAPANESE MEN WITH U.S. BONDS
hobie -- Thursday, 18-Jun-2009 00:11:10

If you care to look at the passport copies, or alternatively sent us a copy of the picture you are referring to when you state they do not look like Japanese, I will investigate and get back to you on it.

As for a scheduled Redemption, unfortunately this is not correct. All these certificates that are referred to in my previous posts and other posts are Debt Obligation Certificates whereby the only party who can redeem that debt is the Nation that issued the Obligation Certificates to secure the debt. As this is America I can not see for many years to come that they will be able to redeem the debt under any circumstances.

As for other matters surrounding the assets, whether certificates or physical assets, you, or your associates are very welcome to contact me at any time and seek confirmation of anything you may have heard, or seek advice of specific matters if there is a need to do so.

In the meantime, thank you once again for your questions

Regards

Whistleblower.

el jefe

23-07-2009, 06:08 PM

real6

23-07-2009, 06:13 PM

Is that communication between you and a new source or? Everyone has always said 2 men were arrested but only until the last few days have I heard of a 3rd person

Japan Today still wont write me back on how they know the US did in fact print bonds of that denomination, but numerous sources are quoting them as stating that

Same here bro. I sent an email to Japan today and to i forget the Japanese man that commented about the story in Bloomberg.com thats in Japan. NOTHING!!!

I found some site where a few people in Japan were living found other webistes or know people that were talking about these businessmen and know insiders. I dont know any of these people.

Im just posting what i find. Its our job to spot the bullshit and whats real and see for ourselves, you know :)

But its amazing they did get the 2 mens passport copies.

real6

27-07-2009, 03:23 PM

The only site that is following this so far...

http://seekingalpha.com/article/149213-ongoing-134-5-billion-bearer-bond-mystery-possible-link-to-upcoming-bank-holiday#comment-603445

smoke n mirrors

27-07-2009, 11:41 PM

This whole thing stinks big time.

Thanks for the updates real6

tien an

28-07-2009, 03:16 AM

real6

28-07-2009, 03:26 AM

You guys are amazing...especially real6.

What a read...

Just for information's sake: Has anyone ever used the Chiasso border crossing?
If ever there was a 'back door' into Switzerland, this is it.
The only other 'quiet' way that I know of is a rowing-boat across Lago Maggiore ... a la Ernest Hemingway.

Thanks to all of you.

tien an.

Thanks Tien :)

Nah, i haven't been to Switz since a kid. But need to go check out Chiasso soon. Maybe i'll find what's really going on mauhahahaha

el jefe

28-07-2009, 07:29 PM

You guys are amazing...especially real6.

What a read...

Just for information's sake: Has anyone ever used the Chiasso border crossing?
If ever there was a 'back door' into Switzerland, this is it.
The only other 'quiet' way that I know of is a rowing-boat across Lago Maggiore ... a la Ernest Hemingway.

Thanks to all of you.

tien an.
You can see the crossing in this vid:

http://www.liveleak.com/view?i=e47_1244776047&c=1

Doesnt look like anything special

blueyonder2012

28-07-2009, 07:55 PM

http://img.photobucket.com/albums/v517/REAL6/16.jpg

In Yen? Japan got $500bil or the UN did?

http://ilgiorno.ilsole24ore.com/como/2009/07/02/199822-bond_sequestrati_comasco.shtml

THE EXPERT entrusted with the secret services,

YES, THE EXPERT JUST CONFIRMED IT WAS JUST A BIT OF PAPER LIKE ALL THE REST OF OUR MONOPOLY MONEY!! WORTH NOWT REALLY!!:eek::eek:;);):D:D

:)

real6

28-07-2009, 08:53 PM

http://www.rense.com/general86/bonds.htm

The story about the $134.5 billion in bonds found in Italy is adding to that confusion. Perhaps a bit of background information will help clarify the situation somewhat.

First of all people need to realize that there are two sets of books used in global finance: the "official" data put out by government agencies etc. and the secret financial arrangements used between sovereign entities (countries as well as organizations). When members of the British and Japanese royal families first contacted me and started talking about thousands of trillions of dollars, I thought they were bonkers. Officially world GDP is $55 trillion so their numbers seemed impossible.

However, after meeting multiple sources ranging from freemasons, to yakuza, to MI6 to Japanese security police, to CIA etc. I can now confirm there is a secret financial system whose total worth is "quintillions of dollars." I think the numbers got this big as a result of some sort of ridiculous contest to see who had the largest penis among the folk who control the printing presses for dollars and euros etc.

In any case, the bonds found in Italy are connected to a massive operation that took place in the Far East before and during WW2. Part of that involved the Japanese invasion of Manchuria. When the Japanese invaded Manchuria in 1931 the owners of the Federal Reserve Board contacted the Chinese emperor and said "the Japanese are about to steal the treasure you have in Manchuria. How about we take that treasure to the Philippines for safe keeping? In exchange we will give you 70-year US government bonds that you can use to buy stuff from around the world."

The emperor agreed to the deal and the Americans started issuing huge numbers of bonds backed by the emperor's gold. To keep these shenanigans out of the US public eye, they printed the bonds in the Philippines. Some of these bonds are the ones the two Japanese were carrying in Italy.

This whole thing also ties into 911 big time. When the emperor made his deal with the Feds he asked them what would happen when the bonds came due and the Feds refused to pay back the principal. He was told US criminal authorities would take action.

The owners of the Fed thought they would never have to pay back the money because they thought the last emperor died as a gardener in communist China. What they did not realize was that the man in China was a double and that the real emperor escaped to Taiwan. His grandson, the current emperor, is now the dean of a University

(I know his name and what university but to protect him I cannot tell).

The grandson had many other treasures in addition to the one taken to the Philippines and so he sued the Feds using top lawyers. A giant investigation was set up in the US involving the Treasury police, the Naval Office of Investigations, the FBI and Cantor Fitzgerald Securities. When first bonds came due for redemption on September 12, 2001, they were set to move against the Feds.

Well by lucky coincidence on September 11, 2001 "Al CIADA" bombed the Naval Office of Investigations, etc. out of existence and the investigation was temporarily blocked as the US was turned into a fascist dictatorship (if you do not understand this find a copy of the Nazi laws and compare them to the patriot act).

There is now a secret war going on between the royal families who have real treasure (the British, the Chinese, the Thai etc.) and the aristocratic families who own dollar and Euro printing presses. At stake is the future of this planet. The owners of the real treasure want to start a new financial system backed by metals and start a campaign to permanently end war, poverty and environmental destruction. The owners of the money printing presses want to continue their cycle of perpetual war and terror in order to keep control over humanity.

The Japanese arrested in Italy were part of that secret war and they were released immediately and sent on their way with their bonds. There is so much contradictory information from the Italian Treasury Police, MI6 and Japanese military intelligence sources that I cannot say whose side these guys were on. I am just glad the astronomical numbers released to the corporate media created congnitive dissonance among the still brainwashed.

gilly

28-07-2009, 09:10 PM

Many thanks for the posts contributed to this thread. :)

I have to admit that when posting the OP, I was a bit at a loss as to how to make sense of it.

Sneaky sods though, aren't they! :mad:

real6

28-07-2009, 09:17 PM

Many thanks for the posts contributed to this thread. :)

I have to admit that when posting the OP, I was a bit at a loss as to how to make sense of it.

Sneaky sods though, aren't they! :mad:

Anytime. It's funny how these two men that got caught have done it before a few years ago in the Japanese Series 57 Bond scam...

http://img.photobucket.com/albums/v517/REAL6/1-4.jpg
http://img.photobucket.com/albums/v517/REAL6/3-3.jpg

el jefe

28-07-2009, 09:46 PM

http://www.rense.com/general86/bonds.htm
In any case, the bonds found in Italy are connected to a massive operation that took place in the Far East before and during WW2. Part of that involved the Japanese invasion of Manchuria. When the Japanese invaded Manchuria in 1931 the owners of the Federal Reserve Board contacted the Chinese emperor and said "the Japanese are about to steal the treasure you have in Manchuria. How about we take that treasure to the Philippines for safe keeping? In exchange we will give you 70-year US government bonds that you can use to buy stuff from around the world."

The emperor agreed to the deal and the Americans started issuing huge numbers of bonds backed by the emperor's gold. To keep these shenanigans out of the US public eye, they printed the bonds in the Philippines. Some of these bonds are the ones the two Japanese were carrying in Italy.

Woh, just found that same article from June, 25: http://tribes.tribe.net/sunnelysrestart/thread/7cff2cb8-1b13-4725-950c-3a931f220229
It's funny how these two men that got caught have done it before a few years ago in the Japanese Series 57 Bond scam...
Link? All those scanned images you posted on the last page or two, are those from this incident or from the Japanese Series 57 Bond scam?

real6

28-07-2009, 10:09 PM

Woh, just found that same article from June, 25: http://tribes.tribe.net/sunnelysrestart/thread/7cff2cb8-1b13-4725-950c-3a931f220229

Crazy, right?

Link? All those scanned images you posted on the last page or two, are those from this incident or from the Japanese Series 57 Bond scam?

Well where i got it from it did not say but it did say these are the men. And in various newspaper articles they say these his name. But these photos are from 2004 when they got caught.

real6

28-07-2009, 10:13 PM

el jefe

28-07-2009, 10:17 PM

Well where i got it from it did not say but it did say these are the men. And in various newspaper articles they say these his name. But these photos are from 2004 when they got caught.

What happened in 2004?

el jefe

28-07-2009, 10:23 PM

Check out this discussion: http://www.forumosa.com/taiwan/viewtopic.php?f=12&t=66559

real6

28-07-2009, 10:48 PM

What happened in 2004?

I posted it a few pages back in this thread.

http://www.rumormillnews.com/cgi-bin/forum.cgi?read=149001

Check out this discussion: http://www.forumosa.com/taiwan/viewtopic.php?f=12&t=66559

Interesting:

Post subject: Japanese bonds from the 1930s

Location: Nei Hu District, Taipei, Taiwan
Does anyone have information on the continuing arguments over the redemption of "Japanese bonds" which were sold in Taiwan in the 1930's and perhaps 1940's?

There was some newspaper coverage on this in the Chinese language press in the last few weeks, but I didn't see corresponding coverage in the English language press here in Taiwan. (Maybe I missed something ..... )

Apparently the Taiwanese people were compelled to buy large quantities of Japanese bonds in the 1930's to prop up the financial solvency of the Japanese government as a result of some some natural disasters which occurred in Japan in that era. Later, one supposes that similar Japanese bonds might have been issued in connection with the military adventures of the Japanese war machine which began (arguably) in 1937 and really got into earnest after the attack on Pearl Harbor on Dec. 7, 1941.

Apparently, from what I have been able to understand, the argument of the Taiwanese people still holding these bonds in the present era involves their redemption. The Japanese government refuses to redeem them, hence the Taiwanese people feel that they were cheated.

(Those Taiwanese who have gotten tired of arguing have simply used these Japanese bonds as wall paper in their homes or outhouses ..... ) It is a sad situation.

I am interested in finding some comprehensive English language reportage or analysis of this topic.

Those are German Reichsmark bonds ("Reichsbanknote"): SMH Snapshots - November 21, 2007. Didn't find a related article there.

The bonds were paid by Germany as reparation to the allies after WWI; looks like the Japanase government found an easy way to turn them into cash by forcing them onto the Taiwanese and now doesn't want to buy them back anymore.

This article (in German) is from 2000 and says there was already a demonstration back then, it's estimated there are at least 1.9 million of those bonds in Taiwan and worth around 6 billion US$ [in 2000].

Doubtful that anyone would still change those, otherwise I will insist to trade in my (inherited) stamp collection that includes several stamps denominated in double or tripple digit million Reichsmark. :D

Post subject: Re: Japanese bonds from the 1930's
PostPosted: Mon, 10 Dec 2007 21:43
Offline
Bird Walker
Bird Walker

Joined: Thu, 29 Aug 2002 15:42
Posts: 1420
Hartzell wrote:

(Those Taiwanese who have gotten tired of arguing have simply used these Japanese bonds as wall paper in their homes or outhouses ..... ) It is a sad situation.
.[/color]

My uncle collects antique bank notes, a couple of those would be good as a Xmas present. Got an address where I can bring the wall paper scrapper to and get busying scrapping :D

I don't know much about those bonds, but the latest Stearling Seagraves' Book Gold Warriors makes some remarkable claims about bond practices in Japan, especially the so called forged 57's. I remembered the story of those bonds in the 80's when I was living in Japan and his book gives an excellent account of their history and how the Finance Ministry duped people out of billions.

Fox wrote:
I don't know much about those bonds, but the latest Stearling Seagraves' Book Gold Warriors makes some remarkable claims about bond practices in Japan, especially the so called forged 57's. I remembered the story of those bonds in the 80's when I was living in Japan and his book gives an excellent account of their history and how the Finance Ministry duped people out of billions.

During approximately what years were these bonds issued?

What was the time-table for redemption?

For those interested in what these bonds looked like, here are some samples:

http://img.photobucket.com/albums/v517/REAL6/1yang.jpg

Above is a bond issued in Dec 1941 as indicated on the left hand side of the bond (kanji: 昭和十六年十二月). The face value of the bond was Gold Fifteen Yen (kanji: 金拾五圓) but was sold at a discount for Gold Ten Yen (kanji: 割引賣出價格金拾圓; Lit: discount sale price gold ten yen). Note the word "gold", indicating that the value of this bond is backed by real gold. The title of the bond says "Savings Bond" 貯蓄債劵. The round chop on the right hand side says 支那事変, or literally, "China (pejorative)" and "incident".

http://img.photobucket.com/albums/v517/REAL6/2yang.jpg

Above is a bond issued in April 1942 as indicated on the left hand side of the bond (kanji: 昭和十七年四月). The face value of the bond was Gold Seven and a Half Yen but was sold at a discount for Gold Five Yen. Unlike the previous bond, this one has the title "Wartime Savings Bond" 戰時貯蓄債劵. The round chop on the right hand side also says 大東亞戰爭 or Great East Asian War.

http://img.photobucket.com/albums/v517/REAL6/3yang.jpg

Above is a bond issued in December 1942 as indicated on the left hand side of the bond (kanji: 昭和十七年十二月). The face value of the bond was Gold Ten Yen and there was no discount. The title says "Wartime Recompense Nation Bond" 戰時報國債劵, which is like a patriot bond where you were buying a bond without a discount but it was for the good of the nation during wartime. Recompense Nation (報國) is also written on the right hand side of the bond. The rectangular chop says 大東亞戰爭第一周年記念, or the First Anniversary of the Great East Asian War.

Quote:
During approximately what years were these bonds issued?

What was the time-table for redemption?

Well I'm pretty sure they aren't related to the bonds you saw on TV, but their story is a fascinating one all the same and very insightful into Japanese politics and financial scams.

The story starts in the Second World War when a character named Tanaka (of Lockheed bribery scandal infamy that led to US legislation against international bribery [one of the few countries in the world that has such a law I believe]) married a rich divorcee and there by inherited her father’s construction company. He used his new found wealth to become a war time profiteer. After the war he began contributing to the LDP which bought him a seat in the Diet. When Kishi was Prime Minister in 1957 Tanaka bribed him with 3 million yen in cash to get his first cabinet position (Tanaka's own boast). Kishi put Tanaka in charge of the Ministry of Finance which gave Tanaka control over the postal system (that included the national bank). Almost everyone in Japan saves with the postal system even today. It also put Tanaka in charge of the M-Fund (this is the focus of Seagraves' Book. The M-fund is supposedly comprised of war loot stolen by the Japanese, discovered by the Americans and partially returned to the Japanese as the M-Fund for rebuilding Japan post war. It is a secret fund because Japan was officially bankrupt after the war. That's why there has been no recompense for victims of Japanese war atrocities. The trail of this money is pretty complicated and makes the book well worth reading. The Fund is worth literally billions and underpins the financial security of some of the world's biggest banks including Citi, Chase Manhattan and HSBC, but these are Seagrave facts, which means they are probably true but you'll never know for certain). Anyway Tanaka as head of the Finance Ministry was in charge of funding public works which put him in the position of raiding the public purse including postal savings and access to the M-fund. In his role he issued bonds to some of Japan's richest people. They paid him with their own money or he used money from the M-Fund to purchase the bonds. The face value of which were in the 50 to 250 million US dollar range (1960s). The purpose of issuing the bonds was to allow for the parking of illicit funds by his cronies in legitimate government bonds. In other words it was a giant money laundering scheme. Interest paid on the bonds or profits at maturity were to be paid directly to Tanaka.

Tanaka went on to become Japan's Prime Minister but he fell fowl of his enemies who began to expose his corruption so he had to resign after only a little while as Prime Minister but he continued on in the background as a King maker for the LDP. That was when he became involve in the Lockheed scandal. He apparently received 2 million US dollars in a kick back scandal not dissimilar to the Layfayette scandal on Taiwan. The bribe was paid by the CIA through Kodama the infamous Japanese yakuza godfather who essentially got the LDP started. He had very strong contacts with Chiang Kai Sheik apparently. Funnily, in his defense Tanaka claimed the bribe was so minimal he didn't notice he'd been paid it. You have to love the arrogance of some of these Japanese characters.

After Tanaka's trial his cronies began to desert him, unfortunately for him and later for them Tanaka feared that in deserting him they might want to redeem their bonds. This was in the late 70's or early 80's. If they wanted to get their money back there was no money in the sinking fund (governments have sinking funds to cover bond issues). It would of meant the collapse of the LDP. Tanaka came up with another scam to protect himself and the party. Because the most likely types to want to redeem their bonds were not hardcore cronies but perimeter types he rolled over all the bonds into a new financial instrument called Certificates of Redemption. These were more or less IOUs. They were called 57's because they were issued in the 57th year of Hirohito's reign. Anyone who didn't like the idea faced assisted suicide. In fact, some of those who already new too much about the issuing process of the bonds were helped along the road to Shangri la, such as Prime Minister Takeshita's personal assistant, who was found with his wrists, legs and neck slashed hanging by his tie from a curtain rod.

Later the Ministry of Finance simply declared all 57's to be forgeries. They then (80s) conducted back door negotiations with holders in a selective redemption scheme.

I highly recommend Seagrave's book for all the dirt.

_________________
"When liberty comes with hands dabbled in blood it is hard to shake hands with her." Wilde

"I don't know where the sun beams end and the star light begins. It's all a mystery." Flaming Lips
redbubble
http://www.planetediting.com

real6

28-07-2009, 10:54 PM

Sterling Seagrave - Wikipedia, the free encyclopedia

Sterling Seagrave is author of The Soong Dynasty, The Marcos Dynasty, Gold Warriors and numerous other books which address unofficial and clandestine aspects of 20th Century political history of the countries in the Far East region.

Seagrave grew up on the China-Burma border, the fifth generation of an American family living in the Orient for nearly two centuries (his father was Dr. Gordon Seagrave, author of Burma Surgeon). As an investigative journalist in Asia, he contributed to many major newspapers and magazines. His other books include The Yamato Dynasty: The Secret History of Japan's Imperial Family, Opération Lys d'or (Operation Golden Lily in English), Yellow Rain: A Journey Through the Terror of Chemical Warfare, and Dragon Lady. He and his wife and collaborator, Peggy Sawyer Seagrave, live in Europe.

In its review of Gold Warriors: America's Secret Recovery of Yamashita's Gold, which dealt with allegations that post World War II the CIA had misappropriated billions of dollars of Japanese war loot, [1] BBC History Magazine noted that whilst "numerous gaps remain.... this is an important story, with far-reaching implications, that deserves to receive further attention".

Here is the book:

Amazon.com: Gold Warriors: America's Secret Recovery of Yamashita's Gold (9781844675319): Sterling Seagrave, Peggy Seagrave: Books@@AMEPARAM@@http://ecx.images-amazon.com/images/I/51QQvaSwMWL.@@AMEPARAM@@51QQvaSwMWL

Or other books:

Amazon.com: Peggy Seagrave: Books@@AMEPARAM@@http://ecx.images-amazon.com/images/I/51QQvaSwMWL.@@AMEPARAM@@51QQvaSwMWL

The Seagraves, bestselling authors (Lords of the Rim, etc.), contend that Japan systematically looted the entire continent of Asia during WWII, seizing billions in precious metals, gems and artworks. Further, according to the authors, from war's end to the present, the looted treasure, used by President Truman to create a secret slush fund to fight communism, has had a malignant effect on American and Asian politics. The Seagraves assert that the Japanese imperial family, along with Ferdinand Marcos, every American president from Harry Truman to George W. Bush, and numerous sinister figures on the American hard right have been tainted and in many cases utterly corrupted by the loot. Postwar efforts to recover and exploit the treasure, according to the Seagraves, involved murders, dishonest deals and cover-ups. Readers who want to examine the full range of sources for this controversial account are referred in the book to the authors' Web site, where two CDs containing "more than 900 megabytes" of supporting documentation are available. But a paradox affecting conspiracy histories such as this one is the authors' frequent insistence that the malefactors have suppressed relevant evidence. Conceptual difficulties of this sort make it impossible for the lay reader to judge this book's credibility, even while one is swept up in the high-intensity story the Seagraves tell. FYI: The authors claim that in consequence of their revealing the existence of the slush fund and its resulting "global network of corruption," they have received "veiled death threats."

Announcing they might be murdered for writing this book, the Seagraves proceed to tell an involved story about Japanese plunder from World War II that, never returned to its rightful owners, underwrites political slush funds and other financial legerdemain conducted by American and Japanese power brokers. According to the cognoscenti, some of the boodle is called the M-Fund, after the initial of a Douglas MacArthur crony who set it up; the gold behind it, in turn, was secreted in the Philippines under the supervision of the imperial Japanese family. The Seagraves, reputable authors of East Asian histories, advance considerable sourcing for their claims, some of which, however, rely precariously on the word of single individuals, while others are anonymous. It is, therefore, a challenge for the reader to decide what's true here, such as the authors' explosive assertion that Richard Nixon exchanged a political promise (returning Okinawa to Japan) for money from the M-Fund. In any event, the Seagraves' tale of treasure hunting, war crimes, and skulduggery will prompt some head scratching.

FTR #428 Gold Warriors: An Interview with Peggy Seagrave

http://spitfirelist.com/for-the-record/ftr-428-gold-warriors-an-interview-with-peggy-seagrave/

REALAUDIO:

http://www.wfmu.org/listen.ram?show=26024&archive=40492

Following directly and supplementing FTR#’s 426, 427, this interview with Peggy Seagrave highlights many of the key points of discussion in the remarkable new book authored by Peggy and her husband Sterling–Gold Warriors: America’s Secret Recovery of Yamashita’s Gold. (The Seagraves authored The Yamato Dynasty, which was the focal point of FTR#’s 426, 427.) Centered on the pivotally important (but little known) “Golden Lily” operation executed by the Japanese prior to and during World War II, this program sets forth the role played by this war loot in the postwar world. In addition to providing much of the foundation for the postwar Japanese economy (the world’s second largest), the plunder secreted by Japan in the Philippines provided a vast financial reserve that was used to finance US intelligence operations during the Cold War. Moreover, this vast pool of clandestine wealth was the source for a number of overlapping funds used to fix elections in a number of countries, control the Japanese political establishment in the postwar period and buttress major financial institutions around the world. In addition, this “black gold” was partially recovered by the late Philippines dictator Ferdinand Marcos, who utilized the loot to finance his regime and to manipulate both Japan and the United States. The corrupting influence of this vast pool of wealth continues to be felt around the world.

Program Highlights Include: The role of the Japanese underworld in that nation’s military and corporate imperialism; the rehabilitation of key Japanese war criminals, who served as kingmakers in the postwar “reformed,” “democratic” Japan; the secret provision at the 1944 Breton Woods conference to use Axis plunder to finance anti-Communist operations; the roles of Secretary of War Henry Stimson’s proteges John J. McCloy, Robert Lovett and Robert B. Anderson in administering the postwar disbursement of the Golden Lily assets; the recovery of the Golden Lily caches in the Philippines by OSS (and later CIA) officer Severino Diaz Garcia Santa Romana; CIA General Edward Lansdale’s partnership with Santa Romana in the manipulation of the Golden Lily loot; the marriage of the Golden Lily plunder with Nazi gold in order to form the pivotal Black Eagle Trust; then Vice-President Richard Nixon’s collusion with the Japanese to fix the US Presidential election; the role of the “M-Fund” in the corruption of postwar Japan and the perpetuation of Japanese oligarchy; the use of Golden Lily loot to finance right-wing militias in the United States; the role of the Black Eagle Trust in manipulating international currency standards; the apparent role of acting NYSE head John Reed in secreting away Golden Lily gold accounts for Citibank; the deliberate frustration of reparations lawsuits by former POW’s against Japanese corporations; US State Department officials’ professional connections to corporations that were defendants in those lawsuits.

1. (Note: the entire program is based on the book Gold Warriors. Although some text excerpts are presented here, the usual complete footnoting process is omitted for obvious reasons. Readers are emphatically encouraged to obtain and read the book. Be sure to visit the web site.) Beginning with discussion of the structure of Japanese imperialism in the 20th century, the program sets forth the profound operational relationship of Japan’s major corporations, its underworld syndicates and the Patriotic societies. The zaibatsu-the giant Japanese family trusts that dominate that nation’s economy use both the yakuza-the deadly Japanese criminal organizations-and the Patriotic societies (such as the Black Dragon and Black Ocean societies) as cooperative agents in the process of conquest and economic plunder. In this regard, Japan’s military functioned in seamless coordination with these entities (as well as the Emperor and his family) as partners in the conquest, brutalization and looting of Asia prior to, and during World War II. (For more on the zaibatsu, see Miscellaneous Archive Show-available from Spitfire-as well as FTR#’s 290, 426, 427. For more about the Patriotic Societies, see FTR#’s 291, 296, as well as RFA#7-available from Spitfire.)

2. One of the principal elements of discussion concerns the role of Princes Takeda and Chichibu in stashing vast amounts of looted in wealth in the Philippines, for eventual recovery and use on behalf of Japan’s postwar economic recovery. (See FTR#’s 290, 427.)

3. Supplementing the focal point of FTR#426, the program sets forth the deliberate subversion of Japanese reform by General Douglas MacArthur and his staff, acting on behalf of political and economic interests that sought a preservation of the status quo. In order to maintain the Japanese business and political infrastructure, the Emperor and the royal family were absolved of war guilt and notorious war criminals such as Nobosuke Kishi, Yoshio Kodama and Royichi Sasakawa were rehabilitated. Kishi, Kodama and Sasakawa became key movers on the postwar Japanese political stage. (For more about Kodama and Sasakawa, see FTR#’s 291, 296, as well as RFA#7-available from Spitfire.) Another of the significant players for Japan during the war-Kakuei Tanaka-evolved into one of the major controllers of the postwar clandestine monies, the “M” Fund in particular. (For more about the M-Fund, see FTR#290.)

4. One of the more important postwar US intelligence operatives was a former OSS and CIA agent Severino Diaz Garcia Santa Romana-nicknamed “Santy.” The discoverer of much of the gold hidden in the Philippines by Prince Chichibu and General Yamashita under “Golden Lily” (see FTR#427), Santa Romana worked with General Edward Lansdale to secret the gold into foreign bank accounts. There, it was subsequently utilized for a number of purposes, in particular the financing of postwar US intelligence operations. As Ms. Seagrave explains, a pivotal event in the recovery of the Philippines Golden Lily caches was the torture of General Yamashita’s driver, who eventually yielded the whereabouts of the repositories.

5. At the epicenter of the events set forth in Gold Warriors, a vast engine of clandestine wealth known as the Black Eagle Trust grew from the synthesis of the Santa Romana recoveries with Nazi loot recovered at the close of the war in Europe. Named for the black eagle imprinted on ingots of Nazi gold bullion, the Black Eagle Trust was the outgrowth of planning engaged in at the Bretton Woods conference in 1944. (Bretton Woods laid the groundwork for the postwar international economy.) Stemming from planning by the influential Secretary of War Henry Stimson and his power-elite proteges John J. McCloy, Robert Lovett and Robert B. Anderson, the Black Eagle Trust was used to finance US covert intelligence operations throughout the Cold War. Black Eagle gold was used to fix elections in many countries and to provide an underpinning for many of the world’s most important financial institutions. In addition, other (related) funds had much to do with the behind-the-scenes maneuvering on the Japanese, Philippine and U.S. political stages.

6. Next, the program focuses on the decisive role of Golden Lily loot and other “black” (clandestine) monies played in the affairs of postwar Japan. The most important of these funds was the “M-Fund,” deriving its name from General William Frederic Marquat, a key MacArthur aide involved with the administration of Japan’s postwar economy. As discussed above, that economy was entirely derivative from the institutions of Imperial Japan. (The M-Fund is discussed in FTR#290.) Initially administered by the U.S., the M-Fund was disbursed in conjunction with resurrected Japanese war criminals and profiteers, such as Msrs. Kishi, Kodama and Tanaka. Eventually, then Vice-President Richard Nixon effected the transfer of control of the M-Fund back to the Japanese, in exchange for kickbacks from this multi-billion dollar fund to Nixon’s campaign to win the presidency. After becoming Prime Minister, Tanaka used the vast wealth of the M-Fund to systematically manipulate the political topography of Japan. A central vehicle for this control was the issuance of bonds, such as the “57’s”, named for the year of Emperor Hirohito’s reign. These certificates could be redeemed or deemed “counterfeit” at the discretion of the controllers of the fund-a deliberate caprice that was used to devastating, Machiavellian effect. Among those ruined by the “57’s” was former Deputy Attorney General Norbert Schlei (see FTR#290.)

7. “A related legal battle was that of former U.S. Deputy Attorney General Norbert Schlei, who had to fight for his survival after being stung by the U.S. Treasury Department for asking too many questions about Japan’s secret M-Fund. While Schlei was indicted, prosecuted, bankrupted, and professionally ruined for trying to negotiate a financial certificate based on the M-Fund, former Secretary of State Alexander Haig-according to eyewitnesses-went to Japan and negotiated a similar certificate successfully, with the help of a personal letter from President George H.W. Bush. Why one man succeeded while the other was destroyed is a chilling story of financial collusion between Washington and Tokyo.” (Gold Warriors-America’s Secret Recovery of Yamashita’s Gold; by Sterling Seagrave and Peggy Seagrave; Verso [HC]; Copyright 2003 by Sterling Seagrave and Peggy Seagrave; ISBN 1-85984-542-8; p. 9.)

8. In addition to the M-Fund, the related Yotsuya and Keenan Funds were employed by the MacArthur group, Landsdale and their Japanese allies to manipulate Japanese and Asian affairs in a cynical (and often bloody) fashion. Administered by MacArthur’s fascist intelligence chief General Charles Willoughby, the Yotsuya Fund was used in conjunction with the Japanese criminal syndicates to efffect some of the more gruesome machinations of the early Cold War period in Japan. (For more about Willoughby, see-among other programs-RFA#’s 10, 11, 15, 37-available from Spitfire, as well as FTR#’s 54, 120.) “General Willoughby, MacArthur’s ‘lovable fascist’ and head of G-2 at SCAP, controlled the Yotsuya Fund and worked energetically with Kodama and his legions of yakuza to suppress any kind of leftist activity or public protest during the occupation. Because democracy tolerated dissent, the concept of democracy had long been regarded by Japan’s ruling elite as ‘a poisonous idea from the West’. In Japan, even the mildest kind of dissent was not tolerated. During the McCarthy era in America, the suppression of dissent became synonymous with anti-communism. But the witchhunt in Japan during that epoch was far more severe and bloody.” (Ibid.; p. 110.)

9. The Keenan Fund was yet another of these pools of “black” money. “The Keenan Fund, by contrast, was controlled by a civilian: Joseph B. Keenan, another MacArthur intimate who was chief prosecutor in the Tokyo war crimes trials. . . .Simply put, it was used to bribe witnesses at the war crimes trials, or to grease the intermediaries who persuaded the witnesses to falsify their testimony.” (Ibid.; pp. 111-112.)

10. Eventually, the late Philippine dictator Ferdinand Marcos learned of the Golden Lily plunder and the use of the clandestine funds by MacArthur and the Japanese. He then used this information to recover some of the treasure entombed the Philippines, and to blackmail both the Japanese and the Americans. It should be noted that this blackmail evolved into deep political collusion, in which the Marcos-controlled Golden Lily loot was trafficked around the world as part of various U.S. and Japanese covert machinations.

11. In addition, some of the Golden Lily caches in the Philippines were recovered by various “private” organizations, themselves intimately linked to elements of U.S. intelligence and reactionaries evolved from the MacArthur infrastructure. Among the participants in these recoveries were the John Birch Society and General John Singlaub-the later closely associated with the former World Anti-Communist League and the off-the-shelf intelligence operations associated with the Iran-Contra affair. (For more about the John Birch Society, see RFA#’s 10-12-available from Spitfire. For more about WACL, see RFA#’s14, 15, 36, 37. For more about the Iran-Contra affair and the machinations of Singlaub and Company, see RFA#’s 29-35. All of these programs are available from Spitfire.)

12. “Included here are handwritten letters and diagrams showing how a group of senior U.S. Government officials and Pentagon generals hoped to use Golden Lily treasure to create a new private FBI and a military-industrial complex controlled by them, in partnership with the John Birch Society, the Moonies and far-right tycoons. This is confirmed by tape recordings of a 1987 conference in Hong Kong that included retired U.S. Army General John Singlaub and General Robert Schweitzer of the National Security Council under President Reagan.” (Ibid.; p. 11.)

13. Recently, former Citibank CEO John Reed took over as acting head of the New York Stock Exchange. While presiding over Citibank’s operations, Reed was the focal point of litigation by the heirs to Santa Romana, who had secreted significant amounts of “black gold” in accounts at Citibank. The residual assets from Golden Lily, the Black Eagle Trust, the M-Fund etc. continue to occupy a decisive position in the clandestine affairs of governments and financial institutions around the world.

14. In what the Seagraves describe as the “last battle of the Pacific War,” surviving victims of Japanese atrocities, including American former POW’s sued for compensation for their wartime suffering. The federal government effectively blocked these suits, maintaining that international diplomatic relations took precedence over legal ethics and morality. “The real issue is conflict of interest. During the Clinton Administration, U.S. Ambassador to Japan Thomas Foley was adamant in rejecting compensation for POW’s and other slave laborers, insisting that ‘The peace treaty put aside all claims against Japan.’ His Deputy Chief of Mission, Christopher J. LaFleur, echoed this dogma at every opportunity.” (Ibid.; p. 12.)

15. “It ws a matter of some interest to victims that Foley’s wife was a well-paid consultant to Sumitomo, one of Japan’s biggest zaibatsu conglomerates, heavily involved in wartime slave labor and a target of the lawsuits. The moment Foley ended his tenure as ambassador and returned to America, he signed on as a paid advisor and lobbyist to another huge conglomerate-Mitsubishi-one of the biggest wartime users of slave labor.” (Idem.)

16. “Of greater significance, perhaps, is that Lafleur is married to the daughter of former prime minister and finance minister Miyazawa, one of the three Japanese who secretly negotiated the 1951 treaty with John Foster Dulles. (Miyazawa also is considered by professor Lausier and others to be the financial overseer of the M-Fund.) Conflict of interest does not seem to be an obstacle in diplomatic appointments to Tokyo.) (Idem.)

nezmond

28-07-2009, 10:58 PM

real6

29-07-2009, 12:43 AM

Wow you guys are good! with all the supressed news in this forum we could print our own newspaper and it realy would be a niche. Mabie it would help people wake up, but we would probably get sued for telling the truth and whats realy going on.

I know, that would be nice :)

How can we get sued? I doubt it ;)

If you google certain words this Thread will be in the top 4 or 5. Funny stuff.

If you want dirt, i'll find it ;)

nezmond

29-07-2009, 01:23 AM

nezmond

29-07-2009, 01:25 AM

im not a tard my keyboard if broke.

nezmond

29-07-2009, 01:33 AM

infact i live near the golf balls in wyorkshire so i guess i have a low latency lol (and no im not laughing out loud, only because the people tht i want to laugh at cant hear me so why bother)

real6

29-07-2009, 12:39 PM

yeah the fact that google ******* scares me kind of. hey heres one youve all seen. when ever your watchin a upload or iplayer whatever. if anyone seemes to mension 911 or govverment theres allways a video error od a freeze or somthing amiss happens i was wathin live at the appolo for example an in the middle they had an american comedian an as soon as he sez stuff a weied jitter occures, and ive seen this many times its like the goverments way if indexind files of a (terrorist nature, mabie i shouldent say that wort in here).

im not a tard my keyboard if broke.

infact i live near the golf balls in wyorkshire so i guess i have a low latency lol (and no im not laughing out loud, only because the people tht i want to laugh at cant hear me so why bother)

You're loosing it man....

el jefe

29-07-2009, 06:43 PM

http://rawstory.com/blog/2009/07/revealed-racist-talk-show-host-turner-was-an-fbi-informant/

White supremacist radio host Hal Turner was an FBI informant, his lawyer revealed in court today. The announcement is a confirmation of what hackers claimed nearly a year ago after allegedly gaining access to his e-mails.

Turner was arrested on June 24 for allegedly calling for the murder of three judges who supported the Chicago gun ban. The confession by his attorney came at a bond hearing Tuesday.

"Attorney Michael Orozco [...] said his client gave authorities information about a plot to assassinate President Barack Obama," reported the Associated Press.

However, prosecutors said they had no information about the alleged plot, but did confirm Turner had a relationship with the bureau. Attorney William Hogan told the wire service that relationship had ended "some time ago."

His recent arrest came after a complaint about an overt call for the murder of three judges.

"Let me be the first to say this plainly: these Judges deserve to be killed," he wrote on his Web site, according to MSNBC. "He included their pictures, phone numbers, work address and room numbers along with a photo of the courthouse in which they work and a map of its location, the FBI says."

"We take threats to federal judges very seriously. Period,"' said Patrick Fitzgerald, the U.S. attorney in Chicago," the network reported.

But perhaps the most interesting bit of Turner's recent history are his dealings with the users of the popular Internet forum 4chan, among others.

In July 2008, hackers -- who may or may not be connected to 4chan -- confronted Turner on his Web site's forums and claimed they had gained access to his e-mail, uncovering a message allegedly to his FBI handler in which he takes credit for "flush[ing] out another crazy."

decim

29-07-2009, 07:10 PM

What has hal turner got to do with the US bonds & Japs?

el jefe

29-07-2009, 08:09 PM

What has hal turner got to do with the US bonds & Japs?

http://www.davidicke.com/forum/showthread.php?p=1089813&highlight=turner#post1089813
http://www.davidicke.com/forum/showthread.php?p=1072767&highlight=turner#post1072767

He originally came out with the story that they were real, go back several pages

real6

29-07-2009, 08:14 PM

http://www.davidicke.com/forum/showthread.php?p=1089813&highlight=turner#post1089813
http://www.davidicke.com/forum/showthread.php?p=1072767&highlight=turner#post1072767

He originally came out with the story that they were real, go back several pages

Good one, was just about to post.

Jefe, what do you think of the Seagrave information?

Any truth in it?

Sterling Seagrave - Wikipedia, the free encyclopedia

The Seagraves, bestselling authors (Lords of the Rim, etc.), contend that Japan systematically looted the entire continent of Asia during WWII, seizing billions in precious metals, gems and artworks. Further, according to the authors, from war's end to the present, the looted treasure, used by President Truman to create a secret slush fund to fight communism, has had a malignant effect on American and Asian politics. The Seagraves assert that the Japanese imperial family, along with Ferdinand Marcos, every American president from Harry Truman to George W. Bush, and numerous sinister figures on the American hard right have been tainted and in many cases utterly corrupted by the loot. Postwar efforts to recover and exploit the treasure, according to the Seagraves, involved murders, dishonest deals and cover-ups. Readers who want to examine the full range of sources for this controversial account are referred in the book to the authors' Web site, where two CDs containing "more than 900 megabytes" of supporting documentation are available. But a paradox affecting conspiracy histories such as this one is the authors' frequent insistence that the malefactors have suppressed relevant evidence. Conceptual difficulties of this sort make it impossible for the lay reader to judge this book's credibility, even while one is swept up in the high-intensity story the Seagraves tell. FYI: The authors claim that in consequence of their revealing the existence of the slush fund and its resulting "global network of corruption," they have received "veiled death threats."

Announcing they might be murdered for writing this book, the Seagraves proceed to tell an involved story about Japanese plunder from World War II that, never returned to its rightful owners, underwrites political slush funds and other financial legerdemain conducted by American and Japanese power brokers. According to the cognoscenti, some of the boodle is called the M-Fund, after the initial of a Douglas MacArthur crony who set it up; the gold behind it, in turn, was secreted in the Philippines under the supervision of the imperial Japanese family. The Seagraves, reputable authors of East Asian histories, advance considerable sourcing for their claims, some of which, however, rely precariously on the word of single individuals, while others are anonymous. It is, therefore, a challenge for the reader to decide what's true here, such as the authors' explosive assertion that Richard Nixon exchanged a political promise (returning Okinawa to Japan) for money from the M-Fund. In any event, the Seagraves' tale of treasure hunting, war crimes, and skulduggery will prompt some head scratching.

real6

29-07-2009, 08:21 PM

What has hal turner got to do with the US bonds & Japs?

Here is one more link:

http://open.salon.com/blog/gordon_wagner/2009/07/08/remember_that_story_about_the_1345_billion_in_us_b onds

Remember that story about the $134.5 billion in US bonds?

Everything suggests that the American bonds seized at Chiasso are real.

Official U.S. sources continue to say they are fakes, but there is no news that American experts have inspected them in person. Arrested for another matter, the director of a U.S. radio who says the bonds are real and Japan was trying to sell in Switzerland, not trusting the ability of the United States to honour its debt.

Milan (AsiaNews) – Four weeks have passed since American bonds were confiscated from two Japanese men who were travelling on a direct train to Chiasso, Switzerland, and while there has been clarification of some - very few -points, Italian authorities have remained silent on the rest of the episode.

In addition, a strange coincidence in the timing of the arrest of a director of an internet radio who had made revelations regarding the incident, increases the already strong oddities surrounding the case. This added to the revaluation of the fact that among the evidence seized there were "Kennedy Bonds", all points toward the authenticity of the items seized by the Guardia di Finanza (GdF) in early June.

The major English-speaking newspapers ignored the story for a couple of weeks. They only started to report on it after the Bloomberg agency carried a story on 18 / 6, in which a spokesman for the Treasury, Meyerhardt, declared that the bonds, based on photos available on the Internet, were "clearly false." The same day, the Financial Times (FT) published an article whose title laid the blame for the (alleged) infringement at the feet of the Italian Mafia, despite the fact that the article failed to make even one possible connection with the episode in Chiasso. Nevertheless, the version of events as reported in FT was taken up by others as being "appropriate" (given that it is a very common cliché about Italy and it is a sequester that took place in Italy) and in the end "colourful." It’s a pity that it goes against all logic: that the Mafia tried to pass unnoticed in its attempt to dump fake bonds amounting to 134.5 billion dollars and moreover were to "stung" a mere step from their goal, is not very credible.

Most recently last week, 25 / 6, the New York Times reported on the story in particular, the allegations of CIA spokesman, Darrin Blackford: the U.S. Secret Service carried out inspections, as required by the Italian judiciary, and found that they were fictitious financial instruments, never issued by the “U.S. government”. It is not clear, however, how the checks mentioned by Blackford were carried out and whether they were also are carried out via internet. In fact according to official Italian sources the Commission of American experts, expected in Italy, have yet to arrive. Furthermore, the bonds were accompanied by a recent and original bank record. It is therefore unclear how the U.S. authorities can declare fake documentation that does not originate from the Fed or the U.S. Department of Treasury.

On the contrary, claims in support of the bond’s authenticity were made 20 / 6 on the Turner Radio Network (TRN), an independent radio station broadcast via Internet. On that date in a massive exposure, TRN stated that the two Japanese men arrested by the Guardia di Finanza (GdF) and then released in Ponte Chiasso were employees of the Japanese Ministry for Treasury. AsiaNews had also received similar reports: one of the two Japanese arrested in Chiasso and then released is Tuneo Yamauchi, is the brother of Toshiro Muto, until recently vice governor of the Bank of Japan. On its website, the creator and presenter of the Radio, Hal Turner, had also claimed that his sources had revealed that the Italian authorities believe the evidence to be authentic and that the two Japanese officials are from the Japanese Ministry for Finance. They were supposed to bring the bonds to Switzerland because the Japanese government had apparently lost confidence in U.S. ability to repay its debt. Japanese financial authorities therefore were trying to sell a part of the securities in their possession through parallel channels ahead of an imminent financial disaster, thanks to the anonymity which, Turner said, is guaranteed by the laws of Switzerland.

AsiaNews does not know to what extent Turner’s revelations can be held as credible, given that in this case too, it is difficult to believe that $ 134.5 billion would pass unnoticed anywhere in the world. It seems far more logical to assume that the bonds, if authentic, were directed to the Bank for International Settlements in Basel, BIS, the central bank of central banks ahead of the issuance of securities in a new supranational currency. Turner had in any event added that as evidence to support his revelations he would have provided the serial numbers of the seized bonds. Before he could do so, however, was imprisoned. Hal Turner is the journalist who long ago first broke the news of a secret plan to replace the dollar, after a severe financial crisis, with a common North American currency, the Amero. In a dramatic phone call from inside the prison in which he is detained pending trial, relayed via internet, Hal Turner claims that his arrest is political and it is in relation to the securities seized in Chiasso, because the authorities are terrified by his revelations of the bonds’ authenticity. Of course, the allegations made against him have to nothing to do with the story and thus an already intricate story becomes ever more complex. Turner maintains that he did not personally formulate the disclosure for which he has been imprisoned. Although it was clearly his responsibility to remain vigilant, it is also true that blogs from around the world and the U.S. themselves are full of threats and provocations. The coincidental timing, the unusual diligence and the details of his arrest arouse suspicions about the true motives of the American federal police. Indeed, this very arrest suggests that the evidence seized from GdF are truly authentic.

One more element in favour of the bond’s authenticity is found in the securities, which in the June 4 statement, the GdF termed "Kennedy Bonds” with photos provided. These photos reveal that the securities under discussion are not bonds but Treasury Notes, because they are securities that can be immediately exchanged for their worth in goods or services and because they are devoid of interest coupons. One side carries a reproduction of the image of the American president, the reverse side that of a spaceship. From confidential, usually well-informed sources, AsiaNews has learned that this type of paper money was issued less than ten years ago (in 1998), although it is difficult to know whether those seized in Chiasso are authentic. But the fact that the release of this particular State Treasury was not completely in the public domain tends to exclude the possibility of counterfeiting. It highly unreasonable to suppose that a forger would reproduce a State Treasury not commonly in circulation and of which there is no public knowledge. For this reason, it can be concluded that the 124.5 billion dollars divided in 249 bonds of 500 million each are authentic. These titles, although referred to as "Federal Reserve Notes" are actually bonds, because they accrue interest and are redeemable at maturity. But one question remains unsolved regarding them. It is somewhat hard to understand why the securities, which were from the outset indistinguishable from the original to the GdF, all have their coupons. Any ordinary investor, even a state, would have cashed in the interest coupon every year, so as not to lose purchasing power.

el jefe

29-07-2009, 08:35 PM

Good one, was just about to post.

Jefe, what do you think of the Seagrave information?

Quick search shows numerous sources all stating the same thing. Even that forum discussion says the same thing. I just cant believe Rense and Fulford are flat out stating these bonds were issued and were real back in the 30's. Do you think this is what Japan Today was referring to when they stated the US did print bonds of that denomination?

What was the value of those Japanese bonds in US on post 210?

So they had US bonds and then made converted them to Yen, then back to US for this heist a few months ago? Im confused...

el jefe

29-07-2009, 08:36 PM

Also if Turner is an FBI informant, that just gives more credibility to his statements. I saw his blog about killing the judges but didnt see any personal info like the link is stating...maybe someone planted that comment so they would have a reason to shut him up. So hes still being held? His blog still have the original statements about the bonds?

real6

29-07-2009, 08:43 PM

el jefe

29-07-2009, 10:03 PM

I cant even cache it on google. It's all shut down.

Interesting :o

el jefe

29-07-2009, 10:06 PM

Wow it really is gone. A comment about some judges and your entire site goes down? BS! He hit the nail on the head with the bond story

http://www.turnerradionetwork.com/

Good thing I copy and pasted it a month ago:

(Turner Radio Network) -- Two Japanese men arrested by Italian Police while trying to smuggle $134 Billion in U.S. Treasury Bonds concealed in suitcases, out of Italy into Switzerland, are employees of the Finance Ministry of Japan.

Turner Radio Network has now confirmed the two men arrested by Italy were trying to secretly dump Bonds that were previously held by the nation of Japan. The men arrested have told Italian police they were ordered to move the Bonds by the government of Japan because the Japanese government has lost faith in the ability of the U.S. government to repay its debts.

Despite assurances from Japanese Finance Minister Kaoru Yosano about Japan's "absolutely unshakable” confidence in the credibility of the U.S. dollar, it is now confirmed based upon the serial numbers of the Bonds, that the $134 Billion is part of the $686 billion of U.S. debt officially held by Japan.

According to Italian Law Enforcement, authorities originally thought the men were part of the "Yakuza", a Japanese organized crime syndicate similar to the Italian Mafia, which lead officials to believe the Bonds were forgeries But after the men who were arrested were forced to remain in jail for more than a few days, they discarded their cover story and admitted to being employees of the Finance Ministry of Japan.

Strangely, very few major media outlets have covered this story. Of the few media outlets that have covered it, one - Bloomberg Business News - reported the bonds were "fakes." But according to Italian authorities, that is a cover story developed by the U.S. government to avoid panic selling of U.S. Treasuries by other nations.

Law enforcement sources in Rome claim the Italian government is ecstatic over the seizure because under Italian law, they get to keep forty percent (40%) of the smuggled bonds. The governments of both the US and Japan are trying to negotiate with Italy for return of the Bonds but because of the astonishing amount of money involved, Italy is refusing any negotiation at all.

TRN has been told to expect to receive serial numbers from the bonds as proof they are real. In addition, our source claims he can obtain scanned images of some of those bonds as well. If we are given such information or images, we will report them publicly.

The implications of this situation are monstrous: An ally of the United States has been caught trying to secretly unload U.S. government debt. This is unmistakable proof that the United States government is headed into economic collapse because nations around the world have now officially lost faith in its ability to repay.

The fact that $134 Billion in Bonds was intercepted by Italian Police was confirmed two days ago by Bloomberg Business news (here). Today's revelation by TRN that the men arrested were employees of the Japan Finance Ministry is a huge development which will cause sudden and dramatic reaction worldwide.

UPDATE June 19, 2009 2115 HRS ET -- The Japanese men taken into custody by Italy have been released and they were allowed to take their "fake" Bonds with them! Authorities now say they do not know where the men went. Those same authorities have told the "Financial Times" of London that the Bonds were "most likely fakes."

Updated Commentary: This is the single biggest farce we've heard about in a long time. Does anyone actually believe that anyone would be transiting a national border with $134 Billion in "fake" Bonds concealed in a suitcase with a fake bottom?

Does anyone actually believe Italian Authorities would ignore their own laws and release persons who violated Italian financial disclosure laws?

Does anyone really believe that a bank or other entity would simply accept a US Treasury "Intergovernmental" Bond with a face value of either $500 Million or $1 Billion without ever calling the US Treasury to determine if the bonds were valid?

The absurd explanation provided by the U.S. Government that the bonds were "fakes" would be laughable if it wasn't so pathetic.

Clearly the government of Japan got caught red handed trying to dump U.S. Treasury Bonds because they no longer trust that the USA can pay its debts. When the issue blew up in their faces, everyone from Japan to Italy to the USA had to get together and lie about what was happening with the hope that other nations wouldn't start dumping U.S. Treasuries too.

That is precisely what happened. Anyone who says otherwise is either lying or stupid. . . . . or thinks we're stupid enough to believe them!

We have now entered the official "end game" for the United States Government. They are broke. Bankrupt. They have no hope of ever repaying their debts. Countries around the world know this and are starting to dump U.S. debt and U.S. currency because it will all become worthless very soon.

There's no stopping it. There's no avoiding it. There's no way to patch things up to make this go away.

The United States of America has been bankrupted by its own government. That government bears sole responsibility for the economic collapse that is coming. When the collapse happens, the American people - the most heavily armed population on Earth - will probably take up arms and overthrow the government by force. In our view, forcible overthrow is a fate the U.S. Government richly deserves.

It would be very wise for those of you who still can, to consult with qualified financial people about how to get your assets out of the USA and your money OUT of U.S. dollars before you are all wiped out too. Time is running out. Japan is already trying to dump their U.S. holdings. You should too before everyone does at the same time.

UPDATE - JUNE 20 1435 HRS ET -- The Turner Radio Network has obtained photos and video from the Guardia di Finanza (Italian Financial Police) showing the actual $134 Billion in U.S. Bonds, with coupons attached, which were caught being smuggled from Italy into Switzerland.

The bonds were intercepted in Chiasso, Italy at the border of Switzerland.

The Bonds were owned by the country of Japan since the early 1980's when printed bonds were still issued by the U.S. Treasury. Today, all such Bonds are done electronically.

The paper bonds below were being smuggled into Switzerland by employees of the Japan Finance Ministry so they could be sold, at discount, under the anonymity of Swiss financial laws. If no one knew Japan was dumping US Treasury bonds, it would not cause a panic worldwide as other nations dumped their US Treasuries too. Japan was rudely surprised when the two employees of the Japan Finance Ministry were grabbed at the Italian border.

Japan sent the $134 Billion in bonds to Switzerland because Japan has lost faith in the ability of the U.S. government to repay its debts and Japan wanted to sell the bonds at a discount off face value with the hope of recouping at least some of the money before the U.S.collapses economically.

Those of you around the world who are holding U.S. Treasury notes would do well to consult with a qualified financial planner to see how quickly you can dump any U.S. Treasury Bonds and any U.S. Dollars you may be holding before the U.S. suffers the economic collapse which is now unavoidable.

If you are left holding Bonds or Dollars, you will likely be financially wiped out when the US Government repudiates its debt because it simply cannot pay anymore.

In the photo below, the piles of Bonds which appear to have a cash-like top have a face value of five hundred million dollars each ($500,000,000) and the smaller Bonds at the bottom right of the table are "Kennedy Bonds" with a face value of one billion dollars each ($1,000,000,000)

The total face value of the bonds shown on the table below is one hundred thirty four billion dollars!

If he would of mentioned this Manchurian ordeal from 1930's I would of pissed myself....

real6

29-07-2009, 10:21 PM

real6

03-08-2009, 08:28 PM

Yamashita's Gold - Eyewitness Reveals Truth Of Fabulous WWII Hidden Treasure...

https://www.rayservers.com/cache/www.rense.com/general13/treasure.htm

In the closing months of World War II, in the Philippines, several of Japan's highest ranking imperial princes hid tons of looted gold bullion and other stolen treasure in caves and tunnels, to recover later. This was the wealth of 12 Asian countries, accumulated over thousands of years.

Expert teams accompanying Japan's armed forces had systematically emptied treasuries, banks, factories, private homes, pawn shops, art galleries, and stripped ordinary people, while Japan's top gangsters looted Asia's underworld and its black economy.

There were 175 ''imperial'' treasure sites hidden throughout the Philippines. When American tanks were close, the chief engineers of those vaults were given a farewell party 67 metres underground in Tunnel 8 in the mountains of Luzon, stacked with row after row of gold bars. As the evening progressed, they drank great quantities of sake, sang patriotic songs and shouted banzai (long life).

At midnight, General Yamashita Tomoyuki and the princes slipped out, and dynamite charges were set off in the access tunnels, entombing the engineers. Their vaults would remain secret. The princes escaped to Tokyo by submarine, and three months later General Yamashita surrendered to American troops. Japan had lost the war militarily, but the princes made certain Japan did not lose financially.

This grisly event has remained unknown until now, and the hidden treasure was brushed off as a fanciful legend of ''Yamashita's Gold''. But an eyewitness to the entombment has taken us there and given us his personal account. During the war, Ben Valmores was the young Filipino valet of a senior prince, who was in charge of closing all imperial treasure sites in the Philippines. A sometimes sentimental man, the prince spared Ben's life and led him out of Tunnel 8 just before the dynamite was detonated.

Japan's looting of Asia was overseen by [then-emperor] Hirohito's brother Prince Chichibu. His organisation was codenamed kin no yuri (Golden Lily), the title of one of the emperor's poems. Other princes headed different parts of Golden Lily across the conquered territories. Eventually, Japanese sources told us that Ben's wartime master was prince Takeda Tsuneyoshi, first cousin of Hirohito and grandson of emperor Meiji.

In 1998, we tested Ben with 1930s photographs of many princes, all the names removed, and he instantly identified prince Takeda, Hirohito's brother prince Chichibu and other princes.

Ben said he had spent time with each of them, bringing them food, tea and cigarettes while they inventoried each treasure site. When he saw our photo of Prince Takeda, Ben froze, then began softly crooning the Japanese folk song Sakura, Sakura (Cherry Blossoms), which he said Takeda often sang to himself.

In the final stages of work on a biography of Japan's imperial family titled The Yamato Dynasty, we were told that in October 1945, American intelligence agents learned where some of the Japanese loot was hidden in the Philippines, and quietly recovered billions of dollars worth of gold bullion, platinum, and loose diamonds. This information, if true, revealed the existence of an extraordinary state secret, something the United States Government kept from its own citizens for more than half a century. There was no time to include this in the biography. It had to be investigated separately. Here is some of what we have since learned:

After surrendering on September 2, 1945, General Yamashita was charged with war crimes over gruesome atrocities committed in Manila under the order of an admiral, while Yamashita had ordered withdrawing troops to leave the city unharmed. During his trial, there was no mention of plundered treasure, or of looting during the war.

But we now know there was a hidden agenda. Because it was not possible to torture General Yamashita physically without this becoming evident to his lawyers, members of his staff were tortured. His driver, Major Kojima Kashii, was given special attention. In charge of the torture of Major Kojima was a Filipino-American intelligence officer named Severino Garcia Santa Romana, whose friends called him Santy. He wanted the major to reveal each place where he had taken Yamashita, where bullion and other treasure was hidden for recovery after the war. Supervising Santy during the torture was Captain Edward Lansdale, later one of America's best known ''Cold Warriors''.

Early that October, Kojima broke and led Lansdale and Santy to more than a dozen Golden Lily treasure vaults in the rugged country north of Manila. What they found astounded everyone from General Douglas MacArthur all the way up to the White House. After discussions with his cabinet, President Harry Truman decided to keep the recovery a state secret.

Santy's ensuing recoveries greatly altered America's leverage during the Cold War. According to senior US government officials and high-ranking US Army officers, the Truman administration set this treasure aside along with Axis loot recovered in Europe, as a secret political action fund to fight communism in the Cold War.

Crudely put, it would be used to bribe statesmen and military officers, and to buy elections for anti-communist political parties. The idea for a global political action fund based on war loot had originated with US secretary of war, Henry Stimson. During the war, Stimson had a brain-trust thinking hard about recovered Axis plunder, and how it should be handled after the war. Their solution was to set up what is informally called the ''Black Eagle Trust'', after the black eagle emblem of Hitler's Reichsbank in Berlin.

The Black Eagle Trust was first discussed in secret during July 1944, when 44 nations met at Bretton Woods, New Hampshire, to plan the post-war economy. This was confirmed to us by a number of high-level sources, including former CIA deputy director Ray Cline, who knew about Santy's recoveries in 1945, and continued to be involved in attempts in the 1980s and 1990s to hide blocks of Japanese war loot still said to be in the vaults of banks in New York.

In November 1945, General MacArthur strolled down row after row of gold bars stacked two metres tall during a tour of vaults opened by Santy. >From what was seen in these vaults alone, it was evident that over a period of years Japan had looted billions of dollars in treasure from all over Asia.Much of this plunder had reached Japan overland earlier, from China through Korea, but the rest was hidden in the Philippines, unable to be shipped to Japan by sea because of the successful US submarine blockade.

According to Ray Cline and others, between 1945 and 1947 the gold bullion recovered by Santy and Lansdale was moved discreetly to 172 accounts at banks in 42 countries.

There were important reasons for all this secrecy. If the recovery of this huge mass of stolen gold was known only to a trusted few, the countries and individuals that had been plundered could not lay claim to it. Truman recognised that the very existence of so much black gold, if it became public knowledge, would cause the metal's fixed price to collapse. But as long as the gold was kept hidden, prices could be maintained and currencies pegged to gold would be stable. Meanwhile, the black gold would serve as a reserve asset, bolstering the prime banks in each country, and strengthening the anti-communist governments of those nations.

To hide the existence of all this treasure, Washington had to tell a number of lies. Especially lies about Japan, which had stolen most of the gold. America wanted Japan to become its anti-communist bastion in Asia, where the mainland was being overrun by communists. If American conservatives and Japanese conservatives were to ally effectively against communism, they had to begin by enlarging their financial resources for the Cold War.

Above all, the source of much of this hidden wealth must never be acknowledged. Washington had to insist, starting in 1945, that Japan never stole anything, and was flat broke and bankrupt when the war ended. Here was the beginning of many terrible secrets.

Because they remained ''off the books'', these enormous political action funds got into the wrong hands, where they remain to this day. We can reveal that in 1960, then vice-president Richard Nixon ''gave'' one of the biggest of these political action funds, the US$35-billion (about HK$272 billion) M-Fund, to leading members of Japan's Liberal Democratic Party (LDP). In return, he is believed to have sought their support for his presidential campaign that year.

The M-Fund, now said to be worth more than US$500 billion, is still controlled by members of the LDP.

Officially, we are told that Japan's wartime elite the imperial family, the zaibatsu (large industrial business conglomerates), the yakuza (Japanese mafia) and the ''good'' bureaucrats ended the war as impoverished victims of a handful of ''bad'' military zealots. We are told that Japan was badly damaged and impoverished, barely able to feed itself at war's end.

In fact, Japan emerged from the war far richer than before, and with remarkably little damage, except to the homes of millions of ordinary Japanese who did not count, at least in the view of their overlords.

Evidence of Golden Lily loot comes also from straightforward legal actions in America. Such simple things as the probating of the will of Santa Romana (Santy), verification of his tax records, and legal evidence of his fortune deposited in the US, Switzerland, Hong Kong and elsewhere, provide hard proof that the world is awash with clandestine bank accounts growing out of Golden Lily.

Other lawsuits in the US prove that Golden Lily war loot was indeed hidden in the Philippines. Rogelio Roxas, a Filipino locksmith, found a one-tonne solid-gold Buddha and thousands of gold bars hidden in a cave near Baguio only to have it stolen from him by President Ferdinand Marcos. Roxas was subsequently tortured and died in suspicious circumstances. Some believe he was murdered. In 1996, a US Federal Court awarded his heirs a judgment of US$22 billion against the Marcos estate.

As the 1951 Peace Treaty was skewed by secret deals, thousands of Japan's victims have been deprived of any compensation for their suffering. According to Article 14 of the Treaty: ''It is recognised that Japan should pay reparations to the Allied Powers for the damage and suffering caused by it during the war. Nevertheless it is also recognised that the resources of Japan are not presently sufficient.'' To reinforce the claim that Japan was broke, Article 14 noted that ''the Allied Powers waive all reparations claims of the Allied Powers and their nationals arising out of any actions taken by Japan...'' By signing the Treaty, Allied countries concurred that Japan's plunder had vanished down a rabbit hole, and all Japan's victims were out of luck. In return for going along with the Treaty, the Allies received portions of the gold bullion recovered by Santy.

We have evidence from former CIA deputy director Cline that the gold bullion Santy and Lansdale recovered was secretly moved to national treasuries and prime banks in more than 42 countries, including Great Britain. We also have evidence from British archives confirming this.

More than half a century later, the last battle of the Pacific War is being waged in courts in the US and Japan where surviving prisoners of war, slave labourers, comfort women and civilian victims of Japan have filed billion-dollar lawsuits to win compensation so mysteriously denied them after the war. In 1995, it was estimated that there were 700,000 victims of the war who had still received no compensation.

Today, their numbers are dwindling rapidly because of age and illness. Backing them is an extraordinary coalition, including international law firms with years of experience, fighting for compensation from German industries and Swiss banks, for crimes committed and money looted during the Nazi Holocaust.

Sterling and Peggy Seagrave are the authors of ''Golden Warriors''. This is an edited extract of the book's prologue. It will be published in French by Editions Michalon in November.

real6

11-08-2009, 05:16 PM

http://img.photobucket.com/albums/v517/REAL6/1345b_signed_papers.jpg

07/10/2009
イタリアで逮捕された「日本人」はＦＲＢ議長などの書類を持っていた

最近イタリアで逮捕された$１３４５億相当の米国債を持っていた「日本人」（実はフィリピン人と中国人であった）は、米連銀のバーナンキ議長やグリーンスパン元議長などのサイン入り文章書類を所有していた。その２人組は結局無罪であったし、外交官パスポートを持参していたのですぐに釈放された。しかし大手マスコミによると、その２人組が持参していた米国債は偽ものであった。もし本当にそうならば何故偽米国債を所有していた二人をすぐに釈放したのか？

様々な情報源によると、彼らが所有していた米国債は本物であり現在新しい金融システムを作成中の人達の元にある。このお金は世界から貧困や環境破壊や戦争をなくし、今まで封印されてきた技術の開発のためにもつかわれることが計画されているようだ。但しおそらく裏年度末である９月３０日までは膠着状態が続くだろう。

http://benjaminfulford.typepad.com/benjaminfulford/2009/07/%E3%82%A4%E3%82%BF%E3%83%AA%E3%82%A2%E3%81%A7%E9%8 0%AE%E6%8D%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%E 6%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

The Japanese arrested with $134.5 billion had papers signed by Bernanke, and Greenspan:　With corrections and additions

The two "Japanese" ( actually both were Filipinos ) arrested in Italy recently reportedly with $134.5 billion worth of F.R.N. s, ( THE AMOUNT WAS IN FACT SOME FIVE HUNDRED BILLION IN CERTIFICATES ) were also carrying a series of documents signed by the likes of Alan Greenspan and Ben Bernanke with federal reserve logos and stamps embossed, signed and witnessed .　The two were released after proving their credentials, and were released because they were carrying genuine diplomatic passports. The Pictures of the documents they carried are attached and we would like to hear some expert opinion on their contents (somebody is preventing us from uploading more than one picture).

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, by extreme persons in high places in Italy, who had the power to silence Prime Minister Belosconi ?

The truth is the Treasury certificates they carried were legitimate and are now in the safe hands of a new financial system. The instruments will be used to finance part of a Program at ending war, poverty and environmental destruction. It will also be used to develop previously forbidden technology. We may see some visible changes as early as next week as they carry out the new banking paradigms being incorporated, but, not with out resistance from the old abusive Wall street guard .

Bernanke’s latest check has bounced but, as mentioned before, things will drag on to the September 30 secret fiscal year end then all hell will break out as the financial world, takes a ninety degree down-turn . The information above comes from very highly placed sources.

More to this...

http://www.rumormillnews.com/cgi-bin/forum.cgi?noframes;read=150714

The following e-mail was sent to you via The Rumor Mill News Reading Room from xxxxxx

************************************************** *************************

from benjamin fulford

please delete name and email

==================================

.....fulford..july10th..............

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. The 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?

The truth is the Treasury certificates they carried were legitimate and are now in the safe hands of the managers of the new financial system. The money will be used to finance part of a Marshall plan aimed at ending war, poverty and environmental destruction. It will also be used to develop previously forbidden technology. We may see some visible changes as early as next week now that Bernanke’s latest check has bounced but, as mentioned before, things could drag on to the September 30th secret fiscal year end a possibly a bit beyond that date. The information above comes from very highly placed sources.

Posted at 13:03 | Permalink | Comments (0) | TrackBack (0)

MORE BENJAMIN FULFORD:

Secret government promises big changes

By Benjamin Fulford

The secret government of the US and EU has promised a major overhaul in the wake of the warning it got from the Chinese secret society, according to a senior Japanese public security police officer and Freemason who has been acting as an intermediary with the Chinese secret society. “Expect big changes this autumn,” he said in comments confirmed by a member of the Japanese royal family. “What you will be seeing is the unwinding of George Bush senior’s 50-year campaign to turn the U.S. into a fascist regime,” the secret police agent says. “George Bush senior is now a broken man showing signs of senile dementia,” he adds.

If the sources are to be believed, U.S. President George Bush’s government will resign, before his term expires, and will be replaced by an interim regime headed by Al Gore. This will start a 2-3 year transition period during which suppressed technology, such as free energy, will be released and a new system for running the planet will be implemented, according to these two sources. “They [The illuminati] know their rule is ending but they do not want it to end in an ugly way,” the security police source says.

The recent market turmoil, including the Chinese threat to sell dollars, was part of the bargaining towards major changes in the secret balance of power, we are told.

Certainly there are some encouraging signs. The tearful resignation of U.S. presidential “brain” Karl Rove removes a central lynchpin of Bush’s regime. Since it follows six other resignations; it does look like rats abandoning a sinking ship.

In Japan, meanwhile, the victory of the opposition Democratic Party in the recent upper house elections could lead to the end of the Iraq and Afghan wars. Japan Democratic Party leader Ichiro Ozawa has promised to block renewal of an “anti-terrorist” bill that allows Japan’s Self-Defense Forces to provide considerable logistical support to the U.S. sponsored wars in the region. Without that support, it is unlikely the U.S. will have enough money or military might to continue the wars.

Since this follows UK Prime Minister Brown’s vow to remove British troops with or without U.S. approval, it will mean the Bush regime has lost its last big war allies. Brown also publicly rebuked Bush during a recent visit by doing such things as pointedly refusing to take home a souvenir he was given.

There are also signs the Japanese election was manipulated behind the scenes to promote a Democratic Party victory in Japan. Just before the election, the Japanese mainstream media suddenly began reporting heavily about a pension scandal the JDP has been talking -unreported- about for at least 5 years. This was crucial for their victory. We may see a general election as early as this fall, followed by the birth of a JDP government and an end to the post-war Japanese regime. It could be a sign of diminished Rockefeller influence in Japan. However, it is not a sign of diminished illuminati control of Japan since Ozawa is himself a Freemason.

Despite the positive developments, the biggest worry is all the public hints about a new “terrorist attack” on the U.S. to be used as an excuse to trigger martial law. However, such an attack at this time “would fool nobody,” the sources said. Many U.S. citizens might be fooled but no other government in the world would believe it. “The secret government knows they cannot use their old tricks anymore,” the sources said.

The Chinese secret societies meanwhile, are watching carefully for any sign of new attempts to spread disease or otherwise carry out genocidal attacks. They only give one warning and have now initiated a news blackout. I am not in the loop about what they would do if a new breach was found but, they did say whatever action they took would be “unpredictable and worse than expected.”

At the same time, an anti-Rothschild alliance has been formed in Tokyo. They warn that the entire Bush regime was probably set up as a “bad cop” to scare people in the arms of the EU “good cop.” They say there may be other surprises, possibly including a fake UFO invasion that Henry Kissinger hinted at during the 1991 Bilderberg meeting. “We will have to look at least four or five steps ahead in order to keep on top of these people,” the alliance says.

So far, the EU only consists of governments that are controlled in secret by the Rothschilds etc. (Turkey is also a Rothschild fief). Their secret parliament, the Bilderbergers, have already shown they are racist by refusing to allow any Japanese to join. As a result, any effort to turn the EU into the base of a world government is doomed to fail.

The anti-Rothschild alliance, (with the discreet backing of the Chinese secret societies), will be contacting leaders of Russia, China, India, the Muslim countries, South America, Africa etc. to create a global alliance that will demand a new way of running the planet.

The UN Security Council will have to be replaced with a new grouping that more accurately represents the people of this planet. As it stands, 4 out of the 5 permanent Security Council members are representatives of Caucasian nations even though only 17% of the world’s people are Caucasian. This global apartheid will have to end.

The world’s financial system will also have to be replaced with a more transparent and equitable system that relies on more than simple human selfish greed as the main incentive for transactions.

Once this is done, a three-year campaign against the five curses of humanity: war, poverty, environmental destruction, ignorance and disease could be carried out. This could be a test case for replacing the Hegelian system of pitting opposite forces against each other in war with a system for people to compete towards agreed upon peaceful goals.

The industries and lobbies that have depended on war and turmoil will have to be given new goals and direction. One possibility would be a long-term campaign to terraform Mars.

People will have to be patient, however. These changes will happen over a period of years, not months. In the meantime, let us see if the autumn surprise appears as promised.

SOURCE: http://benjaminfulford.com/secretgoverment.html

real6

11-08-2009, 05:27 PM

Wilfredo Saurin

http://img.photobucket.com/albums/v517/REAL6/wil1.jpg

http://img.photobucket.com/albums/v517/REAL6/wil2.jpg

http://abundanthope.net/pages/printer_3339.shtml

From AbundantHope.net

True US History
Whistleblower: Response on Rumor Mill News re "DG's" Remarks on the $134.5B in Bonds
By Whistleblower: An agent of the OITC
Jul 12, 2009, 21:35

DG:
Please consider: REFERENCING THE VALIDITY OF CERTAIN DOCUMENTS CARRIED BY WILFREDO SAURIN AND HIS COMRADE
Date: Friday, 10-Jul-2009 15:05:03

'I do not desire to discredit Benjamin Fulford on the contents of his posting because much of what Benjamin states, in his postings, has real foundation.

However, I feel that on this one there is a little confusion, probably in the way Benjamin’s informant relayed this to Benjamin, which has resulted in the mixing of information within itself.

The first thing for me to say is that I will stick solidly to the content of my previous posting on this as it was based upon real documented intell information made available to us, which was further supported by Reuters, the first news service who released the story publicly and the Italian Police statement

Both Reuters and the Italian Police clearly stated that the persons involved were Japanese. On this issue, there is a big difference in visible characteristics between Japanese and Filipino, whereby I am of the opinion that the Immigration Police and Financial Police of Italy, after viewing of the passports of these two persons and from visible inspection, would not be confused as to the Nationality of these two people. If it was Chinese as to Japanese I could understand some confusion, but Filipino as to Japanese is as different as chalk and cheese especially if you look at the photographs posted. The information we have on the Japanese is from official intell sources which does in fact coincide with the statements of the Italian Police and Reuters.

That being said, I did state that there was a third person (There may have been others) with these two Japanese who was carrying a Diplomatic Passport and that the two Japanese were under Diplomatic protection. We still do not know who that third person is, as the names of Diplomatic passport holders are rarely released until the applicable country authorizes such a release of information.

Let me now refer to Wilfredo Saurin. We are fully aware of Wilfredo Saurin and of the fact that for many years he has attempted to utilize instruments such as the 1933/34 FR Bonds and other assets that he obtains from his many contacts in the Philippines. Yes, Wilfredo Saurin is Filipino as are many of his associates, but Wilfredo Saurin lives, and has done for many years, in Bangkok.

I stated in my previous post on this that the two Japanese did actually stay in Bangkok for a period of 2 weeks before traveling on to Italy on an Alitalia flight.

It may therefore be practical and possible that the two Japanese made contact with Wilfredo Saurin in Bangkok, and obtained the FR Bonds during that contact time. It may also be that Wilfredo Saurin flew with the Japanese to Italy, but he does not have a Diplomatic Passport. This is only my opinion as we do not yet have any information that would support this, but logically it makes sense.

We are also aware that in approximately 2004/5 Wilfredo Saurin claims he holds a letter from the Federal Reserve granting him appointed, by the Federal Reserve, to handle the assets of the Collateral Accounts.

I have not seen this letter, but one of our officers has. We can not state whether this is a forgery, fake, or actually real.

If real, it brings into question many issues, the main one being that the Federal Reserve hold no authority whatsoever over the Collateral Accounts or any part thereof, so what are they doing issuing a Letter of Authority to a person, no matter who that person is, granting such authority. The Federal Reserve know very well who the Legal Heir and Owner is of the Collateral Accounts, and they also know that legally they are obliged to undertake the instructions of the Legal Heir and Owner of the Collateral Accounts, failure of which would be construed as fraudulent activity on the part of the Federal Reserve. To supplement that point, Wilfredo Saurin is not engaged by the OITC and does not hold any authority issued by the Legal Heir and Owner of the Collateral Accounts.

If the aforementioned letter is fake, then it compliments the illicit activities of these people, or the people involved.

Wilfredo Saurin also claims that he is the legal Heir of the Sultan of Sulu, being the son born to one of the previous Sultan’s Filipino wives. Whether this is true or not I have no idea and wouldn’t waste my time on researching this based upon the person involved.

In respect of DG’s comments

a). In order for Bernanke and Smith to sign for a ‘bank instrument confirmation’ they would need to have possession of the original instrument, which this confirmation letter is based upon?

If they had the original instrument(s), the US Treasury Notes of 1933/34, then they have committed fraud (goes without saying, but I said it).

I could not agree more with this comment. Bernanke and Smith would be fully aware of who the real owners were of these instruments (1933/34 FR Bonds), and should have confiscated them immediately upon receipt. There again, we are use to the fraudulent activities of the Federal Reserve, both generally and in respect of assets of the Collateral Accounts, so what is claimed they did is not surprising or unusual as far as we are concerned.

b). If you read this article here: http://cannonfire.blogspot.com/2009/06/mystery-bonds-enter-cult-now-it-gets.html you will find that Saurin has been known to do this in the past as well. So what we have here is a classic money laundering case involving the Federal Reserve.

Not only Money Laundering, but Fraud, Wire Transfer Fraud, Criminal Deception, and all by what should be a respectable institution working under the rules of the BIS in the protection and stable operation of the country’s financial system. I believe Bernanke and Smith have actually incited a criminal action, been part of it, and on the basis on issuing that Letter of Confirmation (if real) have actually self confessed to the crime.

c). The Federal Reserve Bank instrument confirmation letter refers to two US Treasury cheques numbers. Are these separate instruments from those confiscated in Italy? Or are they instruments layered against the US
Treasury notes 1933/34 confiscated in Italy?

Confusion here. The Federal Reserve confirmation Letter refers to US Treasury Cheques. Wait a minute, the Federal Reserve is in no position to confirm US Treasury Cheques,. Confirmation should be through the US Treasury. Two separate legal entities, one a private organization (Federal Reserve) and the other being a Government Authority / organization (US Treasury). That smells worse than a mountain of raw sewage.

As a guess, irrespective of the above but based upon knowledge and experience, I would say that to cover up the illegal use of the 1933/34 FR Bonds, other instruments would be issued against them and then a bank somewhere would receive Swift verification from the Federal Reserve (acting on behalf of the US Treasury as their Client), enabling the Bank, once verified, to issue a credit line against the new instruments.

d). The letter is dated May 11, 2006. Have the funds made available to Raiffeisen Bank beneficiary Matthias Supersberger been utilized in any manner? For example, an illegal bank-trading program, sometimes referred to as High Yield Investment Program (HYIP)? If they have, Leo Wanta would be impressed.

More than likely based upon our knowledge of how these frauds work. Supersberger ……. Sounds like something out of McDonalds rather than a legitimate person. I would certainly investigate that factor.

e). Benjamin Fulford makes the claim that the managers of the new financial system will utilize these funds for the ending of wars and other humanitarian projects? These funds may have been generated in an illegal manner using the fiat system. Since it is the goal of many that the new system is gold backed, why would a fiat currency be used in this manner? Any comments?

If Benjamin is referring to the proposed new Financial System that we have designed, I can say that we do not need to even think about trading and using the funds accordingly. The assets of the Collateral Accounts would cover what was required, hundreds of times over, and still leave substantial change on account.

I can only assume therefore that some Chinese Group that Benjamin knows about is also proposing a new Financial System using some assets somewhere to generate further funds out of “Trading” to support their proposals.

Excuse me, but that is not what “Trading Programs’ are for. If that is the case, then bring on the IMF and World Bank who are desperate for money and have just received, or about to receive, and extra $500 bill USD in “TAXPAYERS” money to support them. Let them use the “Trading Programs” instead of always putting the onus on the “TAXPAYER”

Even if such “Programs” were allowed for such use, the generated funds would be “Fiat” money with no intrinsic value or backing, which in turn would only support the existing “Fiat” Financial System which all of us appreciate is structurally destroyed and generally beyond repair.

Maybe that is exactly what Bernanke / US Government, is trying to do. Support the existing dysfunctional system by illegal means using someone else’s assets through “Trading Programs”, thus protecting the Federal Reserve and its elitist / banking supporters as well as a Financial System that is corrupt and benefits only a very small portion of society.

-----------------------------------------------------------------------------------

There is so much going on behind the scenes at the moment that no one knows what new Fairy Tales the Federal Reserve and US Government are going to come up with next.

It’s like the recent G8 communiqué and Obama’s visit to Ghana. Suddenly there is going to be a few billion USD thrown around to help Africa support itself by investing in Agriculture, etc. That is in 2009, when in 2005 our proposals for Africa submitted to the G8 were discarded and ignored. Those proposals would have seen $900 bill USD injected into Africa by the OITC whereby many countries would be well on their way to recovery by now, but no, the Politicians must have their way and get their “Brownie Points” for re-election next time.

Regards

WHISTLEBLOWER'

http://www.rumormillnews.com/cgi-bin/forum.cgi?noframes;read=150819

el jefe

11-08-2009, 05:28 PM

Holy crap

real6

11-08-2009, 05:31 PM

Holy crap

Whats up?

real6

11-08-2009, 05:33 PM

http://cannonfire.blogspot.com/2009/06/mystery-bonds-enter-cult-now-it-gets.html

(Update: My articles have been vindicated. After you read the piece below, check out the sixth update to this Cryptogon article on the mystery bonds. The main Cryptogon article was written before my work but the update -- which gloms onto the Filipino connection -- was written afterward, independently. The giveaway was the "1934" date on the bonds. Apparently, when someone tried to pull this trick back in 2005, the bonds amounted to $3 trillion. Those guys on the Italian-Swiss border were pikers. For lots more info (included a damning photo), see my updated post, "Vindication.")

Our previous story on "The Italian job" has gotten stranger.

Before we get to the new stuff, we must recap: Two "Japanese nationals" (who may not actually come from Japan) were caught in Italy just as they were about to take $134.5 billion dollars in bonds into Switzerland. Most of these bonds, we are told, were of such a ridiculously high denomination ($500 million each) as to make them non-negotiable by normal humans. Only states could hope to use such things.

Mystery number 1: What did the "Japanese nationals" hope to do with these instruments?

Mystery number 2: Are the bonds counterfeit or real? If real, Italy stood to gain a windfall -- Italian law allows the government of that country to take 40 percent of the booty.

Mystery number 3: Why has the American press kept mum about a possible swindle that dwarfs the Madoff affair? The Europeans and the Asians are all over it.

Now that we are caught up, here's the latest: This site by Karl Denninger quotes a translated German news article which indicates that the bonds are probably real, or so sayeth the Italians. That clear up Mystery number 2.

Or does it? Recall that the Italians, who are conducting the investigation, have a strong financial stake in the outcome. Below, we will examine good evidence that the bonds are actually outrageous fakes.

Real or fake, just how did the two "Japanese" hope to cash such bonds? Who are these guys? Why are their names being kept out of all news accounts?

One news story -- immediately taken offline -- identified one of the "Japanese" as a notorious con man from the Philippines named Yohannes Riyadi, a.k.a. Wilfredo Saurin, whose associates in international crime are fairly well-known. The other guy may have been his comrade Joseph Daraman. These two men are the right ages, and they both could pass for Japanese. They've been trading in fake documents from the Federal Reserve for years.

A more basic question: Just what ARE these bonds?

Karl Denninger seems to think that we are dealing with bearer bonds. Such bonds are like the bills in your wallet (only lots more compact) -- they bear no record of the transaction. If you possess them, the money's yours. That is, if you can figure out how to cash a $500 million bond, which you probably couldn't.

But are they bearer bonds? The original Italian story referred to the bonds as mostly "Federal Reserve Bonds" plus "Kennedy Bonds." BabelFish it:

Duecentoquarantanove bond della Federal Reserve statunitense per un valore nominale di 500 milioni di dollari ciascuno, più 10 bond Kennedy da 1 miliardo di dollari ciascuno

And now I'm trying to figure out just what these words mean.

Maybe you'll have better luck than I did, but when I looked up the phrase "Kennedy bonds," I encountered no previous usage of that term. The classification almost certainly does not exist.

"Federal Reserve Bond" is a more difficult term. This site offers a discussion of the Italian mystery which includes an eye-opening comment by one sjfan:

I used to trade treasury bonds and cash for several institutions... there's no such thing as "Federal Reserve Bond". It doesn't exist. The fed do not issue their own debt instrument.

Is that claim true? The improper subject-verb agreement does not necessarily mean that we should dismiss what sjfan has to say. I've been researching the term "Federal Reserve Bond" and have found no hard evidence that such an animal has ever stomped the earth. Yes, there are Federal Reserve Notes, which we all know about. But the bonds shown in the photograph are not those.

So what are they? Here's where we enter the land of high strangeness.

I found a surprisingly relevant YouTube video produced by a group of Asian religious fanatics. This video allegedly displays old Federal Reserve Bonds, dug up from an underground stash. You really must watch this video, because it has a direct impact on our tale. Sorry about the annoying music, but at least the Beethoven is nice:

At about the 1:26 mark, you'll see a rather soiled financial instrument that looks an awful lot like the ones pictured in the photo taken of the Italian job. There must be a connection.

So where did these bonds come from? This cache is attributed to "Queen Salvacion A. Legaspi," who, near as I can tell, heads up a cult in the Philippines. As you will recall, we have tentatively identified the two "Japanese" nationals as a pair of notorious high-level Filipino grifters.

And where did the Queen supposedly find all this stuff? I'm dying to hear her tale of treasure and adventure, which I'm sure will be very entertaining.

In a 2007 press release preserved here (but currently missing from her web site), she announced that she was keeping the bonds in a secret location but was willing to give them to President Bush because they were originally issued by the United States, long, long ago. Alas, the press release does not explain how she "found" them. The Queen also says that there are enough $500 million bonds to fill up an airplane.

One comment on the YouTube page refers to these Federal Reserve Bonds as

"...fakes. Not forgeries. Just plain fakes. You can find a lot of those things in the Philippines. From Yamashita's treasure maps to these so-called war bonds."

Side note: Over the past few decades, there have indeed been many maps floating around, allegedly identifying the location of Yamishita's gold, the legendary horde best described by someone doing an expert imitation of Sidney Greenstreet. Think of it! All the gold looted in Asia during World War II! So much gold that acknowledging it would force authorities to double their estimates of how much gold has existed in all of history! And not just gold but silver and jewels and other valuables!

Author Sterling Seagrave, whom I respect, says that the stolen war loot is or was real. Perhaps -- but that does not mean that the maps are real. Many a wild goose has been stalked.

End side note; back to our story. My internet research has uncovered a few references to "Federal Reserve Bonds" of 1934 vintage being stashed in the Philippines. As far as I can tell, these yarns are pure legend. If you know differently, feel free to educate us all.

(Recall that the queen says that she has enough of these $500 million bonds from 1934 to fill up an airplane. Hm. So what was the U.S. gross national product back in 1934...?)

One thing's for sure: Those Filipinos do love their buried treasure stories.

Are you curious to learn more about Queen Legaspi, possessor (printer?) of the bonds? Looks like she's latest incarnation of JC. (He keeps coming back...and back...) If you want to see her in action, she has a couple of silent videos up, here and here. Lo, it is written:

On this anointment as God's Chosen as Manifested on her saga, these collective of events are being put together as a proof of her events as the Anointed Spirit of God, and The Chosen One. In any of all the places she goes, wherever she was, the Tribal Leaders/ Lumads, Religious Organization Leaders, Islamic or Muslim group, had blessed her and appoint her to be their Queen. This all happened unknowingly what is to come in the future.

Translation: She's a toon. But she's a toon with money and political ambition, or so it would appear. A toon like Moon.

Except for this one video, which was produced by a bizarre Asian religious sect, I have seen no visual evidence that Federal Reserve Bonds exist.

The Federal Reserve Bank of New York, in a 2005 announcement, says that

The Federal Reserve is aware of several scams involving high denomination Federal Reserve notes and bonds, often in denominations of 100 million or 500 million dollars, dating back to the 1930s, usually 1934. In each of these schemes, fraudulent instruments are claimed to be part of a long-lost supply of recently discovered Federal Reserve notes or bonds.

The Federal Reserve has never issued any bonds or notes with coupons attached. The Federal Reserve Bank of New York is not aware of any currency or debt stockpile of large denomination Federal Reserve notes from the 1930s and warns that any institution that pays out on such a claim does so at its own risk.

It should also be noted that the largest denomination of currency ever printed by the Bureau of Engraving and Printing was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson.

Okay, now we're getting somewhere!

The same page offers a warning about Riyadi (a.k.a Saurin), the likely culprit. And this Bloomberg story mentions that the bonds in the Italian cache supposedly date from 1934. (They sure look new in the photo! The ones in the video look aged. That sort of thing can be faked, of course.)

So not only are the bonds captured in Italy a probable hoax, the entire concept of a "Federal Reserve Bond" seems to be a myth. Nevertheless, such bonds did become a topic of discussion recently, within a section of the blogosphere not normally traversed by Cannonfire readers. On Lew Rockwell's site, one Michael Rozeff claims that

Rumor has it that the Federal Reserve is considering selling bonds. The legality is in question. Leaving that aside, why would the Fed do such a thing? If it did, how would such a thing work? What would be its effects?

Rozeff goes on from there, and it's all pretty interesting. But he speaks of the Federal Reserve Bond as a theoretical construct. Such things do not yet exist -- and may never exist, since they are probably not allowed by the law which created the Federal Reserve.

So: What are our options? Can we cobble together a revised theory of the Italian mystery, based on all of this additional information?

1. The Italian news story got it wrong. They used the term "Federal Reserve Bond" incorrectly; the financial instruments are actually bearer bonds.

This theory has one big problem: That damned video! The bonds captured by the Italians look exactly like the bonds pictured in the video, and they are clearly marked "Federal Reserve Bonds." The bonds in the video -- which has a terribly unpersuasive provenance -- are probably fake.

Yet the Italian authorities (according to the German article) lean toward the theory that these bonds are not counterfeit. Not only that: In their first press release, the Italians said that the bonds were virtually indistinguishable from the real thing. How could they make such a claim if Federal Reserve Bonds do not even exist?

2. The bonds are real. Maybe there is such a creature as a Federal Reserve Bond. It's not just a theoretical possibility; they've been around for decades. But they are traded on a very august level, far from the sight of we ordinary mortals. Thus, there is no mention of this type of bond in Wikipedia or on any other "respectable" web site. The Federal Reserve of New York is lying when it claims that such bonds do not exist.

Is that theory possible? If you say "Yes," then perhaps you also think that space lasers destroyed the twin towers.

3. "We got a great big con-job; ain't it a beautiful sight?" Our pals Wilfredo and Joseph decided to put together their own cache of fake financial instruments, probably using the same printing press which "Queen Salvacion A. Legaspi" used. Why? Perhaps their intent was not to negotiate the bonds but to use them to fleece the gullible. There are lots of ways a con artist can cause mischief if he can convince a dupe that he (the conster) has a lot of money.

So why did the Italians say that the bonds are indistinguishable from real?

As noted earlier, under Italian law, the government gets-a to keep-a 40 percent-a da money -- if the bonds are genuine financial instruments.

Maybe Berlusconi somehow got wind of what Wilfredo and Joe-Joe were up to -- hey, SISMI is not entirely useless -- and decided to turn the situation to his advantage. Maybe he decided to put the bonds in a bank and simply credit the money to a government account. (Berlusconi to bank officer: "These bonds are real. You want proof? My pal Vito the leg-breaker will give you proof.") Like magic, fake money becomes genuine coin.

But is such a thing possible? Could Silvio Berlusconi falsely label fake bonds real, stash them in a government bank account, and then start singing the Italian version of "We're in the money"?

Again, it all seems highly unlikely. Of course, Silvio's whole life has been one massive experiment in unlikelihood.

By the way: Our Randroid "friend" Pam Geller feels certain that she knows who the real culprits are: The Norks! (That is, the North Koreans.) She has, of course, zero evidence for this assertion. So far, the evidence tends to point to the Filipino underworld. But if you enjoy baseless accusations, it's "Wham, bam, thank you Pam!"

Please do me a favor and spread word about this post. Although the Italian job has engendered a lot of blogosphere speculation, no other site known to me has put together as much of the story as you'll see here. (Things may be different in a few hours, of course.) Incidentally, a Daily Cheeto diary made mention of this story. That post, along with six comments, has now been pulled. Why? You tell me!

real6

11-08-2009, 05:39 PM

http://www.rumormillnews.com/cgi-bin/forum.cgi?noframes;read=150821

Benjamin Fulford writes:

************************************************** *************************

Re: from Whistleblower: RESPONSE TO DG's REMAR....

There has been so much contradictory information about the "Japanese" with the $134.5 billion that it is hard to sort the wheat from the chaff.

What I hear from three sources directly involved (a Japanese military intelligence agent(A), an Italian Treasury Police agent(B), and an MI6 guy involved (C) when they are not contradicting each other is

1) They had legitimate Japanese diplomatic passports and were let go

2) The bonds were real

3) The letters from the Fed were real

Where the sources contradict each other is the amount. A and B both say it was $134.5 billion while C says it is $500 billion.

Also the nationalities A wont comment, B says the arrested men claimed to work for Japanese and Chinese military intelligence C says they are Philippino and Chinese conned by the Federal Resrve
Board.

My own gut feeling is that the whole operation was just the latest in Federal Reserve Board/D.C. corporation scams to keep their whole corrupt enterprize going.

One of my best sources says everything will go haywire starting around September 30th of this year.

************************************************** *************************

http://www.rumormillnews.com/cgi-bin/forum.cgi?noframes;read=150856

Reader Jack offers:

************************************************** *************************

Re: from Whistleblower: RESPONSE TO DG's REMAR....

Dear Hobie,

Just read the post from 'Whistleblower' re. the bonds confiscated in Italy. One paragraph in W. commentary on Ben Fulford's assessment caught my attention:

Maybe that is exactly what Bernanke / US Government, is trying to do. Support the existing dysfunctional system by illegal means using someone else?s assets through ?Trading Programs?, thus protecting the Federal Reserve and its elitist / banking supporters as well as a Financial System that is corrupt and benefits only a very small portion of society.

This is exactly what Christopher Story has been saying since May 2006 when he first started reporting on the so-called 'Wanta Plan'.

As you Yanks are fond of saying: 'Wake up, people! What on earth else could it be!'

Wanta Plan:

302 Moved

el jefe

11-08-2009, 05:42 PM

Bernanke’s latest check has bounced but, as mentioned before, things will drag on to the September 30 secret fiscal year end then all hell will break out as the financial world, takes a ninety degree down-turn . The information above comes from very highly placed sources.

Did you see this?

http://online.wsj.com/article/SB124970470294516541.html

Washington -- U.S. Treasury Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt limit on Friday, saying it is "critically important" that they act in the next two months.

Mr. Geithner, in a letter to U.S. lawmakers, said that the Treasury projects that the current debt limit could be reached as early mid-October. Increasing the limit is important to instilling confidence in global investors, Mr. Geithner said.

Another source I read he said we wont make it to October:eek:

real6

11-08-2009, 05:46 PM

Did you see this?

http://online.wsj.com/article/SB124970470294516541.html

Washington -- U.S. Treasury Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt limit on Friday, saying it is "critically important" that they act in the next two months.

Mr. Geithner, in a letter to U.S. lawmakers, said that the Treasury projects that the current debt limit could be reached as early mid-October. Increasing the limit is important to instilling confidence in global investors, Mr. Geithner said.

Another source I read he said we wont make it to October:eek:

Damn they are really fucking buggin now :)

I missed this, thanks :)

They want to leave this country with nothing and its people. Perpetual debt...

yozhik

11-08-2009, 08:25 PM

Let me apologise in advance for doing nothing more than a cut'n'paste job with this post, but I have my reasons. :)

This forum gets so "busy", with so many important pieces in the puzzle available at any one time, it is often very easy - too easy - to overlook vital clues.

This $134.5 Billion in bonds is really just the tip of the iceberg ... literally ... with the world financial markets the Titanic sailing directly for it's inevitable demise.

Here is a collection of "pieces to the puzzle" which whilst not directly related to the "Italian Job", ARE relevant to Treasury Bonds and the activities of the world players. To fully comprehend where we are in this crisis and to comprehend where we are headed, it is important to read this, absorb this and extrapolate ...

Just to put some perspective on this $ figure and to also bring a different perspective on the whole issue of bonds and the credit crunch, the following quote (taken from the 9/11 Forum) is incredibly sobering.

According to various distinguished sources including the Bank for International Settlements (BIS) in Basel, Switzerland — the central bankers’ bank — the amount of outstanding derivatives worldwide as of December 2007 crossed USD 1.144 Quadrillion, ie, USD 1,144 Trillion. The main categories of the USD 1.144 Quadrillion derivatives market were the following:

1. Listed credit derivatives stood at USD 548 trillion;

2. The Over-The-Counter (OTC) derivatives stood in notional or face value at USD 596 trillion and included:

a. Interest Rate Derivatives at about USD 393+ trillion;

b. Credit Default Swaps at about USD 58+ trillion;

c. Foreign Exchange Derivatives at about USD 56+ trillion;

d. Commodity Derivatives at about USD 9 trillion;

e. Equity Linked Derivatives at about USD 8.5 trillion; and

f. Unallocated Derivatives at about USD 71+ trillion.

Whilst outstanding derivatives are notional amounts until they are crystallised, actual exposure is measured by the net credit equivalent. This is normally a lower figure unless many variables plot a locus in the wrong direction simultaneously. This could be because of catastrophic unpredictable events, ie, “Black Swans”, such as cascades of bankruptcies and nationalisations, when the net exposure can balloon and become considerably larger or indeed because some extremely dislocating geo-political or geo-physical events take place simultaneously. Also, the notional value becomes real value when either counterparty to the OTC derivative goes bankrupt. This means that no large OTC derivative house can be allowed to go broke without falling into the arms of another. Whatever funds within reason are required to rescue failing international investment banks, deposit banks and financial entities ought to be provided on a case by case basis. This is the asymmetric nature of derivatives and here lies the potential for systemic risk to the global economic system and financial markets if nothing is done.

Let us think about the invisible USD 1.144 quadrillion equation with black swan variables — ie, 1,144 trillion dollars in terms of outstanding derivatives, global Gross Domestic Product (GDP), real estate, world stock and bond markets coupled with unknown unknowns or “Black Swans”. What would be the relative positioning of USD 1.144 quadrillion for outstanding derivatives, ie, what is their scale:

1. The entire GDP of the US is about USD 14 trillion.

2. The entire US money supply is also about USD 15 trillion.

3. The GDP of the entire world is USD 50 trillion. USD 1,144 trillion is 22 times the GDP of the whole world.

4. The real estate of the entire world is valued at about USD 75 trillion.

5. The world stock and bond markets are valued at about USD 100 trillion.

6. The big banks alone own about USD 140 trillion in derivatives.

7. Bear Stearns had USD 13+ trillion in derivatives and went bankrupt in March. Freddie Mac, Fannie Mae, Lehman Brothers and AIG have all ‘collapsed’ because of complex securities and derivatives exposures in September.

8. The population of the whole planet is about 6 billion people. So the derivatives market alone represents about USD 190,000 per person on the planet.

Original post in 9/11 Forum (http://www.davidicke.com/forum/showpost.php?p=1038691&postcount=7)

This bond market and derivative bubble has still not come to the surface. Consider this;

While there is much talk of a recovery on the horizon, commentators are forgetting some crucial aspects of the financial crisis. The crisis is not simply composed of one bubble, the housing real estate bubble, which has already burst. The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Indicators show that the next possible burst is the commercial real estate bubble. However, the main event on the horizon is the “bailout bubble” and the general world debt bubble, which will plunge the world into a Great Depression the likes of which have never before been seen.

Original post (http://www.davidicke.com/forum/showpost.php?p=1185538&postcount=7)

So, back to "Treasury Bonds" ... again, from another thread;

The Fed chief is sticking it to the American people big-time and no one seems to have any idea of what's really going on. Former hedge fund manager Andy Kessler sums it up in a recent Wall Street Journal article, "The Bernanke Market". Here's a clip:

"By buying U.S. Treasuries and mortgages to increase the monetary base by $1 trillion, Fed Chairman Ben Bernanke didn't put money directly into the stock market but he didn't have to. With nowhere else to go, except maybe commodities, inflows into the stock market have been on a tear. Stock and bond funds saw net inflows of close to $150 billion since January. The dollars he cranked out didn't go into the hard economy, but instead into tradable assets. In other words, Ben Bernanke has been the market."

What does it mean?

It means the revered professor Bernanke figured out a way to circumvent Congress and dump more than a trillion dollars into the stock market by laundering the money through the big banks and other failing financial institutions. As Kessler suggests, Bernanke knew the liquidity would pop up in the equities market, thus, building the equity position of the banks so they wouldn't have to grovel to Congress for another TARP-like bailout. Bernanke's actions demonstrate his contempt for the democratic process. The Fed sees itself as a government-unto-itself.

Over at Zero Hedge, Tyler Durden did the math and figured that the recent 45% surge in the S&P 500 had nothing to do with the fictional economic "recovery", but was just more of the Fed's hanky panky. Durden noticed that the money that's been sluicing into stocks hasn't (correspondingly) depleted the money markets. That's the clue that led him to the truth about Bernanke's 6 month stock rally.

"Most interesting is the correlation between Money Market totals and the listed stock value since the March lows: a $2.7 trillion move in equities was accompanied by a less than $400 billion reduction in Money Market accounts!
Where, may we ask, did the balance of $2.3 trillion in purchasing power come from? Why the Federal Reserve of course, which directly and indirectly subsidized U.S. banks (and foreign ones through liquidity swaps) for roughly that amount. Apparently these banks promptly went on a buying spree to raise the all important equity market, so that the U.S. consumer who net equity was almost negative on March 31, could have some semblance of confidence back and would go ahead and max out his credit card. Alas, as one can see in the money multiplier and velocity of money metrics, U.S. consumers couldn't care less about leveraging themselves any more."

So, the magical "Green Shoots" stock market rally was fueled by a mere $400 billion from the money markets. The rest ($2.3 trillion) was main-lined into the market via Bernanke's quantitative easing (QE) program, of which Krugman and others speak so highly.

Wouldn't you like to know if Bernanke sat down with G-Sax and JPM executives and mapped out the details of this swindle before the printing presses ever started rolling?

So, how long can this kind of fakery go on before our creditors grow weary of dealing with chiselers and stop buying US Treasuries altogether? Here's a blurp from Friday's Wall Street Journal on that very topic:

"Shaky auctions of Treasury notes this week reignited concerns about whether the government can attract buyers from China and elsewhere to soak up trillions in new debt.

A fuse was lit this week when traders noted China's apparent absence from direct participation in two Treasury bond auctions. While China may have bought Treasurys just before the auctions, market participants read the country's actions as a worrying sign that China and other foreign investors may be ratcheting back purchases at a time when the U.S. is seeking to fund a $1.8 trillion budget deficit.

This week alone, the U.S. deluged the bond market with more than $200 billion in record-size sales. The U.S. has had little trouble finding buyers in recent months. But that demand is fading, and the Treasury market has become volatile."

Original post (thread starter) (http://www.davidicke.com/forum/showthread.php?t=76054)

This information, along with everything else available, throws a different spotlight onto the $134,5 Billion in Treasury Bonds ...