The person operating behind the handle Tyler Durden at Zero hedge blog yesterday broke some very interesting news.
It seems that a cache or about $ 6 trillion “fake” bonds has been found in a bank vault in Zurich. The bonds are dated 1934 and worth a billion each. Now that in itself is already worth investigating. $6 trillion in bonds each worth 1 billion would have been out of he question in that time. Hell it’s pretty impossible now to think if these numbers. The entire amount of dollars floating around in the system is about $10 trillion. So were did they come from. Who printed them and why are they called a huge danger to the financial system.
I’m not trying to connect dots that don’t exist here but what came straight into my mind was the missing Pentagon trillions. That was another enigma. How come the Pentagon could loose a staggering $ 2.3 trillion over a period of five years with only a budget of hundreds of Billions of $ over that same period and we are now 10.5 years further down the line so how much more has gone astray?
Me thinks this either disappears or we haven’t heard the last of it yet.
Back in the summer of 2009, a peculiar story circulated when two Japanese individuals were arrested trying to smuggle $134 billion in US bonds into Switzerland from Italy. The story quickly died down after it was subsequently reported that the bonds were merely fake bearer bonds. Nobody heard much about it since then. Until today, when out of the blue we get a new story which blows that one out of the water. According to Bloomberg, “Italian anti-mafia prosecutors said they seized a record $6 trillion of allegedly fake U.S. Treasury bonds, an amount that’s almost half of the U.S.’s public debt.” From here the story just gets weirder: “The bonds were found hidden in makeshift compartments of three safety deposit boxes in Zurich, the prosecutors from the southern city of Potenza said in an e-mailed statement. The Italian authorities arrested eight people in connection with the probe, dubbed “Operation Vulcanica,” the prosecutors said. The U.S. embassy in Rome has examined the securities dated 1934, which had a nominal value of $1 billion apiece, they said in the statement. Officials for the embassy didn’t have an immediate comment.” …And weirder: “The individuals involved were planning to buy plutonium from Nigerian sources, according to phone conversations monitored by the police.” …And really, really weird: “The fraud posed “severe threats” to international financial stability, the prosecutors said in the statement.” Ok great, however one thing we don’t get is just how can $6 trillion in glaringly fake bombs be a “threat to international financial stability.“