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You are here: Home / Truth In Reporting / What Would You Do With $134 Billion?

What Would You Do With $134 Billion?

June 12, 2009 By Joan of Snark

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That’s the question being asked of two Japanese nationals, arrested in Italy as they allegedly attempted to cross into Switzerland a few days ago.  The big red flag is that nowhere is this being reported by any American mainstream media.

Hidden inside a a suitcase were 249 $500-million U.S. Federal Reserve bonds, 10 Kennedy bonds, and “other U.S. government securities worth a billion dollars each.” 

So why were Japanese nationals carrying around such an ungodly amount of non-negotiable securities?  Particularly in denominations not available to normal financial and banking markets?

Curiouser and curiouser, as they say.

If these are counterfeit, it is headline newsworthy, for the report is that not only would this be the largest financial smuggling attempt in history, but these are the best counterfeits ever seen.

If they are real, it is even bigger news for just how did these special kind of securities get into the hands of these people?  And for what purpose would they be headed for uber-privacy-protecting Switzerland?

Of note is that should the securities turn out be genuine, Italian law would reap 40% of the confiscated amount.  In this particular case, a windfall “five times the estimated cost of rebuilding quake-devastated Abruzzi region,” and a big help to Italy in eliminating its public deficit.

Yes, indeed, curiouser and curiouser.

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Filed Under: Truth In Reporting Tagged With: Italian arrests, smuggled securities, smuggled U.S. bonds

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