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Thread: What Ever Happened to $134 Billion in US Bonds Seized 2 Years Ago?

  1. #1

    Default What Ever Happened to $134 Billion in US Bonds Seized 2 Years Ago?

    If you might recall just about 2 years ago $134 billion dollars in US Bonds were discovered being carried by two Japanese citizens traveling from Italy to Switzerland, at the border of the two countries.

    The story hit for less than a week and disappeared.

    I found this from a zerohedge comment and am reminding myself of the details now.

    To put this in perspective, $134 billion is ~1% of the USA's gross domestic product for 1 year, and only 5 foreign countries, China, Russia, Japan, Brazil and the U.K., have this amount of bonds as part of their holdings.

    Supposedly there is now a lawsuit in US courts involving this case and new information is forthcoming which will rock the financial (and thus real) world.

    Details here.
    Last edited by WilliamC; 03-27-2012 at 05:46 AM. Reason: Liberty Eagle Spelling Correction.
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  3. #2
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  4. #3

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    Quote Originally Posted by LibertyEagle View Post
    Yes, I made a mistake.

    Thank you for the correction.

    Now answer the question, what did you do with that $134 billion you seized?
    Last edited by WilliamC; 03-27-2012 at 05:48 AM. Reason: witty repertoir
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  5. #4
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    They were fake so after any trial they will perhaps be destroyed.
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  6. #5

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    Quote Originally Posted by Zippyjuan View Post
    They were fake so after any trial they will perhaps be destroyed.
    What trial? Specifically was there ever a trial in Italy for the two Japanese citizens (apparently named Yamaguchi and Watanabe) allegedly caught with the bonds?

    Apparently there is a lawsuit described in the link to David Wilcock's page (warning, he is trying to sell you a book!) of one Benjamin Fulford, who at least was a publicly acknowledged specialist in international finances.

    You seem well informed about most things economic and have (to say the least) an extremely reasonable outlook on the world.

    I am interested in your opinion about this if you have the time.

    BTW there has been nothing about this published since it happened that I can find from any mainstream news outlet.
    Last edited by WilliamC; 03-27-2012 at 03:52 PM.
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    I assumed that there would be a trial based on the initial reports that the suspects were arrested and the counterfit notes seized. Like you, I am unable to find any follow-up on what happened after they were seized.
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  8. #7

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    This is so weird. I was actually thinking about this earlier today!

  9. #8

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    Quote Originally Posted by Zippyjuan View Post
    I assumed that there would be a trial based on the initial reports that the suspects were arrested and the counterfit notes seized. Like you, I am unable to find any follow-up on what happened after they were seized.
    Which is why I am reading from the second link in the original post and some references therein.

    I'm not convinced everything I read is true, but there is a lot of information about how it really is a lust for wealth and power that drives modern politics and I acknowledge your objectivity and acumen with respect to economics.

    I try not to be too credulous but sometimes an over abundance of skepticism is just as bad.
    Last edited by WilliamC; 03-28-2012 at 11:54 AM.
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  10. #9

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    Not really an update but yet another $6 trillion in bonds seized by Italian officials, ostensibly declared fake.

    http://www.msnbc.msn.com/id/46428102.../#.T3RjVtklR2I
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  11. #10

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    bump, especially for Zippyjuan since I respect his opinions on economics.
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  12. #11
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    Quote Originally Posted by Zippyjuan View Post
    They were fake so after any trial they will perhaps be destroyed.
    They were declared fake. Unless you have had your hands on one of them and are well trained in detecting forgeries I would hold off on taking someone else's word on it. There was something very stinky about that whole deal and the fact that it was swept under the carpet mas rapido does nothing to inspire confidence in the official line.

    They may have been fakes, they may not have been. Can one really trust that which is reported these days?
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  13. #12

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    The only official source of information on the lawsuit that apparently deals with this issue is http://www.courthousenews.com/2011/12/05/41930.htm

    A month after the Japanese men were detained, an man named Leo Zagami, "a self-described 33rd degree Free Mason, who, as of April 2008, had reportedly claimed to be the leader of a breakaway faction of the Knights of Templar and high-level Freemasons centered around the elite of the Masons P2 (propaganda Due) Lodge in Monte Carlo," arrived on the scene, according to the complaint. (Parentheses in complaint.)

    Zagami claimed to be a representative of the Vatican Illuminati and other European sect societies and "had been looking to make contact with certain Asian Secret Societies," the complaint states.

    During a meeting in Japan, he says, he told a contact that Yamaguchi and Watanabe had been "set up" and that he had inside information about the seized instruments.
    Subsequently, he introduced his contact in Japan to defendant Daniele Dal Bosco, a Vatican banker and associate of the P2 Masonic Lodge, who "would be able to 'cash the bonds seized by the Italian Treasury Police,'" according to the complaint.
    Supposedly this is related to the fact that JPMorgan Chase has terminated their relation with the Vatican Bank.

    http://www.thedailybeast.com/article...k-account.html

    I've been reading about this and much more from David Wilcocks site divinecosmos.com (disclosure, he sells books and seminars).

    Not sure how much I believe, but there is a lot of information there that seems to make some sense as to why the FED saw fit to loan over 26 Trillion dollars to various banks in the last couple of years and why this isn't even enough to begin bailing them out.

    I'm typically fairly skeptical of conspiracies but seeings how so little in the world of international politics and finance makes sense any more I am now convinced that there is indeed a huge amount of information that is either unknown or ignored by the media and what we are fed as the truth is in fact nothing more than a cover story designed to protect the criminals who are running the system.

    As Sherlock Holmes once said, 'when every other explanation has been eliminated, what remains, no matter how implausible, must be the truth.'
    Last edited by WilliamC; 04-02-2012 at 02:30 PM.
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  14. #13
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    Physical descriptions reported would make them obvious fakes.
    http://www.reuters.com/article/2009/...46360420090619
    (Reuters) - A purported $134 billion in U.S. government bearer bond certificates seized by police near the Italian-Swiss border are fake, the U.S. Treasury said on Friday.

    "Based on the photograph we've seen online, they are clearly fake. And not even good fakes," said Stephen Meyerhardt, a spokesman for the Treasury's Bureau of the Public Debt.

    He added that there is only $105 million in Treasury bearer bond securities outstanding, so the $134 billion amount seized far exceeds the universe of outstanding securites.
    The bonds comprised 249 "Federal Reserve" bonds of $500 million nominal value each and 10 "Bond Kennedy" with a $1 billion nominal value, the tax police said June 4 in a statement.
    Another U.S. official said the seized bonds were purported to be issued during the Kennedy administration in the early 1960s, but the certificates showed a picture of a space shuttle on it -- a spacecraft that first flew in 1981. Some of the bonds were purportedly issued in a $500 billion denomination that never existed.
    Last edited by Zippyjuan; 04-02-2012 at 02:34 PM.
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  15. #14

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    There is evidence of a space shuttle picture that has been released to the public? That would be interesting.

    So the official story is that any and all such bonds are merely fakes, and not even very good ones.

    Which raises the question, who would put such time into making high quality forgeries of bonds if there weren't some types of the same bonds worth forging to begin with?

    From http://www.theundergroundinvestor.co...-bond-mystery/

    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 undistinguishable 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 canvass 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 undistinguishable 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.

    (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.
    Supposedly there are many trillions of real bearer bonds issued by the FED for gold it seized from Asia before WWII, and as part of the creation of these bearer bonds and mixed in with the legitimate bonds were obviously fake bonds that were included for the sole purpose of casting plausible deniability on all of the bonds.

    Sounds like something I would do so its credible to me, but I like hearing a skeptical point of view as well.

    Also, supposedly Kennedy had issued bonds as part of the Green Hilton Agreements with Indonesian President Soekarno shortly before his assassination.

    http://ayemmo.wordpress.com/2010/04/...t-geneva-1963/

    In 1963 the gold that had been entrusted to the care of President Soekarno was recalled by the Nations to underpin the issuance of further US Dollars in order to further facilitate international trade. Under this Agreement, Soekarno (as the International Trustee Holder of the Gold) began the process of repositioning the gold that had earlier been entrusted to the care of the Indonesian People, back into the banking system to create a fractional backing for the US Dollar. Initially this was managed under the arbitration of the Tripartite Gold Commission in The Hague as per the decisions of the International Community through their Government representatives at the Innsbruck/Schweitze r Conference and its later revisions. Under the agreement signed between President Soekarno and President John Kennedy, was that control of these assets would cede automatically to US upon the fall from power of President Soekarno. This occurred in 1967. The potential of this agreement led to Executive Order 11110 issued July 1963, which would have provided the Department of the Treasury the power to issue United States Dollars. Within two weeks after signing the Green Hilton Agreement which would have then enabled consolidation of EO 11110. Kennedy was assassinated a few days after his signing of the Green Hilton Agreement. With the death of Kennedy, the authority granted to the Treasury was never taken up.
    Last edited by WilliamC; 04-03-2012 at 09:05 AM.
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  16. #15

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    Quote Originally Posted by Zippyjuan View Post
    Physical descriptions reported would make them obvious fakes.
    http://www.reuters.com/article/2009/...46360420090619
    So who is in jail., arrested, warrants for arrest? I presume billion is a felony, not a misdemeanor.
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