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This is from EJ's post via a cut and paste.
But I think this $134.5 billon in Bonds is just too important to bury
It is a rant and rave but I have really got to get this off my chest
Ok time for a recap (with or without tin foil hats )
Seems to be the latest news that I can find.
http://www.asianews.it/index.php?l=e...&theme=&size=A
This raises a point I had to deal with today - after 2 weeks a dead rat under the floor of the kitchen sink - well - STANK. As does this sad little story.
I offer only these observations, so feel free to find holes in the logic.
The Largest Fraud in History
- Takes two weeks to tell us basically nothing.
- Largely unreported by US media even to date. CNN, FOX, ABC, CBS, NBC, NY Times, LA Times, Chicago Tribune, the WSJ and ALL THE REST do not see this story as news worthy? Bloomberg's did a report filed under "conspiricy witch hunt" parameters via Phil Black and William Pesek on 6/17/09
- People who counterfeit sovereign states Bonds/ Banknotes are usually arrested,deported and jailed forever. These fellows released ??? They had a get out of jail card from someone. Please note this action well !!
-The US Government has taken NO ACTION on what could destabilize the entire world bond market. Gee, I wonder why? Might the authorities know they're real and be just a wee bit nervous that disclosure of a sovereign attempting to covertly dump nearly $140 billion in debt could cause a wee bit of panic, given that we're running nearly $200 billion a month in deficits?
-To date NO definite announcement has been made by the SEC on the serial numbers, real or fake has been made. Only someone ( US Treasury spokesman Meyerhardt) that according to what they have "seen" they are fake.
- 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?
- 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.
- 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. Again US Government action is visibly underwhelming ???
- Another discrepancy is the fact that, along with the securities, original and recent bank documents were seized as proof of their authenticity.
-June 10th - “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.” and the seizure story broke 2 days earlier.
- Ponder the sheer impossibility of cashing a fake $500 million bond. Why would you bother with such a scam. Expensive and totally futile. But they exist for a reason (and don't give me crap about Italian mafia or Osama bin dead lately.)
- 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 certificates 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. To Date this has not been done officially ?? why not
- Fake or Real IT DOESN'T MATTER not a jot What matters is the deafening silence on a matter which requires the swiftest action by all parties, who ever they are. The Implication are just to far reaching to allow this thing to fester.
Which brings me back to the dead rat under the kitchen - it Stinks and its not going away nor the smell. Much as its going to cost to repair the damage caused by the demolition of the kitchen. Its either bury the Rat or leave the house.
I would suggest that the US Government get out the Wreaking Bar forthwith as its your house and This Dead Rat is going to continue to fester and make life uncomfortable for all who live in it.
or
It could be just a Japanese Reality TV show scam and we can all get back to mowing the lawn. (this I pray)
NB: some of the points above are "Cut and pastes" from various sites which reflect my views. The authors are numerous and the comments sensible. please accept this as thanks for useage.
Last edited by thunderdownunder; Today at 09:12 PM.
But I think this $134.5 billon in Bonds is just too important to bury
It is a rant and rave but I have really got to get this off my chest
Ok time for a recap (with or without tin foil hats )
Seems to be the latest news that I can find.
http://www.asianews.it/index.php?l=e...&theme=&size=A
This raises a point I had to deal with today - after 2 weeks a dead rat under the floor of the kitchen sink - well - STANK. As does this sad little story.
I offer only these observations, so feel free to find holes in the logic.
The Largest Fraud in History
- Takes two weeks to tell us basically nothing.
- Largely unreported by US media even to date. CNN, FOX, ABC, CBS, NBC, NY Times, LA Times, Chicago Tribune, the WSJ and ALL THE REST do not see this story as news worthy? Bloomberg's did a report filed under "conspiricy witch hunt" parameters via Phil Black and William Pesek on 6/17/09
- People who counterfeit sovereign states Bonds/ Banknotes are usually arrested,deported and jailed forever. These fellows released ??? They had a get out of jail card from someone. Please note this action well !!
-The US Government has taken NO ACTION on what could destabilize the entire world bond market. Gee, I wonder why? Might the authorities know they're real and be just a wee bit nervous that disclosure of a sovereign attempting to covertly dump nearly $140 billion in debt could cause a wee bit of panic, given that we're running nearly $200 billion a month in deficits?
-To date NO definite announcement has been made by the SEC on the serial numbers, real or fake has been made. Only someone ( US Treasury spokesman Meyerhardt) that according to what they have "seen" they are fake.
- 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?
- 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.
- 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. Again US Government action is visibly underwhelming ???
- Another discrepancy is the fact that, along with the securities, original and recent bank documents were seized as proof of their authenticity.
-June 10th - “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.” and the seizure story broke 2 days earlier.
- Ponder the sheer impossibility of cashing a fake $500 million bond. Why would you bother with such a scam. Expensive and totally futile. But they exist for a reason (and don't give me crap about Italian mafia or Osama bin dead lately.)
- 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 certificates 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. To Date this has not been done officially ?? why not
- Fake or Real IT DOESN'T MATTER not a jot What matters is the deafening silence on a matter which requires the swiftest action by all parties, who ever they are. The Implication are just to far reaching to allow this thing to fester.
Which brings me back to the dead rat under the kitchen - it Stinks and its not going away nor the smell. Much as its going to cost to repair the damage caused by the demolition of the kitchen. Its either bury the Rat or leave the house.
I would suggest that the US Government get out the Wreaking Bar forthwith as its your house and This Dead Rat is going to continue to fester and make life uncomfortable for all who live in it.
or
It could be just a Japanese Reality TV show scam and we can all get back to mowing the lawn. (this I pray)
NB: some of the points above are "Cut and pastes" from various sites which reflect my views. The authors are numerous and the comments sensible. please accept this as thanks for useage.
Last edited by thunderdownunder; Today at 09:12 PM.
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