$2.5 Trillion in fake USA bonds

[wildfirepower]

Officials said today they have seized more than $2 trillion in counterfeit U.S. Federal Reserve bonds and arrested one suspect in the southern Philippines.

Police also showed reporters stacks of counterfeit Japanese yen and Argentine peso notes in various denominations, a few fake one-dollar bills and some other currencies seized Saturday.

http://abcnews.go.com/International/story?id=81469&page=1

Inside was what appeared to be $134 billion in U.S. Treasury bonds labeled with denominations of $500 million and $1 billion. (This despite the fact that the Treasury has never produced bonds in denominations greater than $100,000.) Later this summer, history seemed to repeat itself when Italian authorities intercepted another cache of false T-bills from the Philippines destined for the United States worth an alleged $116 billion.

http://www.thebigmoney.com/articles/explainer/2009/10/21/bond-fake-bond?page=full

Police: Sovereign Citizen Busted With $302 Billion In Fake Bonds

http://www.wsbtv.com/news/24764950/detail.html

[HOLLYWOOD]

What about arresting the counterfeiters at the FEDERAL RESERVE / Bureau of Printing and Engraving?

Oh I forgot, you can't cut in on the action of the Central Bankers.

[oyarde]

I wonder how good the one dollar bills were and how many ?

[Bruno]

It's always helpful when counterfeiting to know the actual denominations of what you are trying to reproduce.

[oyarde]

Ever notice one dollar bills are the only bills that do not get hit with those markers when you pay cash ?

[tangent4ronpaul]

Inside was what appeared to be $134 billion in U.S. Treasury bonds labeled with denominations of $500 million and $1 billion. (This despite the fact that the Treasury has never produced bonds in denominations greater than $100,000.)

Not the sharpest pencil in the jar.

Maybe they were a mere visionary, as this policy will ahve to change with the advent of hyper-inflation.

-t

[tangent4ronpaul]

Ever notice one dollar bills are the only bills that do not get hit with those markers when you pay cash ?

Out here they only do 20's, 50's and 100's. Never 5's and 10's.

-t

[oyarde]

Out here they only do 20's, 50's and 100's. Never 5's and 10's.

-t

Used to not here , but mostly do now , especially the newer styles .

[sevin]

Inside was what appeared to be $134 billion in U.S. Treasury bonds labeled with denominations of $500 million and $1 billion. (This despite the fact that the Treasury has never produced bonds in denominations greater than $100,000.)

Maybe they were a mere visionary, as this policy will have to change with the advent of hyper-inflation.

-t

Whoa. Interesting thought.

[Kregisen]

Out here they only do 20's, 50's and 100's. Never 5's and 10's.

-t

At my part-time job we blacklight $5 bills and above.

[Vessol]

At my part-time job we blacklight $5 bills and above.

Really? At the gas station I work at we only market 50$ and 100$ bills.

[specsaregood]

Not the sharpest pencil in the jar.

Maybe they were a mere visionary, as this policy will ahve to change with the advent of hyper-inflation.

-t

Actually, the part you miss is the important part in the very first sentence:

more than $2 trillion in counterfeit U.S. Federal Reserve bonds
They weren't printed by the US Treasury. So the claim that the "US Treasury has never produced bonds in denominations greater than $100,000." Could still be true.

These are the same things that were picked off those guys in Italy a year or so ago. They supposed real ones date back to the 1930's.

[itshappening]

reminds me of the simpsons episode and the trillion dollar bill

[JoshLowry]

Actually, the part you miss is the important part in the very first sentence:


more than $2 trillion in counterfeit U.S. Federal Reserve bondsThey weren't printed by the US Treasury. So the claim that the "US Treasury has never produced bonds in denominations greater than $100,000." Could still be true.

These are the same things that were picked off those guys in Italy a year or so ago. They supposed real ones date back to the 1930's.

Good eye!


The raid on the house also found two metal boxes from the U.S. Federal Reserve, said Nestor Gualberto, Philippine National Police superintendent. Counterfeit federal reserve boxes, or actual metal boxes from the Federal Reserve?