Anyone have the foggiest idea why $134 BILLION in U.S. Treasury Bonds was found in the possession of two Japanese men at Italy’s border?

Glenn Beck mentioned this story yesterday on his radio show. He said no American MSM was talking about it, so it would be interesting to know if he talked about it on his Fox News show last night. The Internet is abuzz about this, of course.

OpEdNews is talking about it, as is, Asia News.

Anyway, if this story is true, then the questions that need to be asked are:

Are the bonds real?

Did the Bush Regime keep tabs on their portion of the TARP money allotted to them last year?

If it’s a government who is behind these bonds (fake or not) and which countries are involved?

Who are these two Japanese men and do they have any connections to Americans?

What is the reason for smuggling this money?

IN SEPTEMBER 2008, THERE WAS A RUN ON THE BANKS WHERE $550 BILLION WAS TAKEN OUT OF OUR MONEY MARKETS IN AN HOUR AND A HALF, so where did that money go? Was it taken out by a few powerful offshore hedge funds, our CIA, or by another country? No one knows and our government did not investigate this!

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Honestly, when Glenn Beck was talking about this smuggling my mind went back to the beginning days of the Iraq invasion in 2003 when Paul Bremer was given the task to distribute $9 BILLION over in Iraq to start the reconstruction of that country. Well, as far as we know, most of the money is unaccounted for and was passed out without writing down the names/groups of people who received it. In fact, we don’t even honestly know if the $9 BILLION made it to Iraq. For all we know, the same thing happened to this money as the bonds found on the Italian border: COULD HAVE BEEN SWINDLED INTO A SWISS BANK ACCOUNT or somewhere else. My fear when it was known what Bremer had done is Cheney and his Cabal had access to the money. With that kind of money, you could start your own country or military or whatever the hell you want to!

So, who was intended to receive the $134 BILLION had the two Japanese been successful, that is, if it wasn’t going to go in a Swiss Bank?

Anyone have the foggiest idea what this is all about?

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14 thoughts on “Anyone have the foggiest idea why $134 BILLION in U.S. Treasury Bonds was found in the possession of two Japanese men at Italy’s border?

  1. This article is interesting too…

    http://www.asianews.it/index.p.....;art=15505

    [emit]…Since yesterday though, some reports have published by English-language news agencies. And some commentators are starting to link the story to reports in US press dating back to 30 March.

    On that date the US Treasury Department announced that it had about US$ 134.5 billion left in its financial-rescue fund, the Troubled Asset Relief Program (TARP), whose purpose is to purchase assets and equity to buttress companies in trouble. The existence of such means that the Obama administration may not have to go to Congress for additional funds, something which is especially important since many lawmakers have vowed to oppose any requests for more money.

    At the same time, Japan’s Kyodo news agency has reported that the resignation of Japan’s Interior Minister Kunio Hatoyama might also be related to the Ponte Chiasso affair. Officially the minister quit as a result of a row over who should head the state-owned Japan Post, but some sources have suggested that such a scenario is not very plausible since Mr Hatoyama was Prime Minister Taro Aso’s main ally in his rise to the prime minister’s office, and is especially unconvincing since the ruling coalition government has to face elections in just two weeks time. Indeed there are many reasons to connect the Ponte Chiasso incident to the minister’s resignation.

    If this money truly was TARP money and is legitimate, then why didn’t the two Japanese men declare it at the border? Doesn’t make sense.

  2. Tom Coburn the IDIOT who still wants to deny AGW?

    The idiot who thunks NOBODY related to him can possibly be gay?

    Who has ALWAYS cherry picked his “evidence” just like he did in this report using reich-wing slants on the articles he cherry picked to push his version of the effects of the bill, like all GOPers do, their exalted leader the fat lying drug addict being example #1.

    Colburn second dumbest fuck in the senate (behind Jeff the stupid Sessions)?

    Bhawahwhahwhawhaaaa, capi-dummy you are reaching for that one…..

    BTW how much taxpayer money did he waste ginning up that propaganda he paid his staff to create so he could spin some more?

  3. You understand that these bonds are non-negotiable, right? E.g. the paper copies of these bonds are a joke as these are all traded electronically with significant records that track their movement.

    Think of the title to your house and property… If someone showed up at your door and said he owned your property and presented a title, how far would that get him? The piece of paper is worthless without the electronic backup of a chain of custody. Heck the same would apply to as lowly as the title of a 10 year old car. (Of course, at that level of return, it’s rarely that a crook would take the risk of presenting a forgery or a stolen title to a third party)

    It’s the same as the 550 billion draw down in the Money Market funds… That could be easily tracked to probably thousands if not millions of people changing their asset allocations to even SAFER accounts than Money Markets (with Money Market fund yields dropping to below .5%, many people feel that THAT isn’t worth the risk and prefer their funds to sit in CDs or merely in escrow funds).

    Finally, to beat a dead horse, the absence of COMPLETE accounting for a given amount of money doesn’t mean the presence or non-presence of malfeasance. The again COMPLETE accounting doesn’t ensure anything either. For example, my wife can’t account for all the money she spent last week. Does that mean she’s stealing money. By the same token, I could provide a complete account of money spent at my church last month, but could easily steal some of the money for myself.

  4. When the run on the banks was happening, it wasn’t too long after that that George Bush was yelling, “We need to save the banks! Bail them out now!”. Don’t forget this. Was it planned? Could be. Was Lynn Forester de Rothschild pissed that Hillary was out of the race and was backing McCain at the time? Yep. Did she hate Obama more than lint in her belly button? Yep! Gee, then the run on the banks started in the hopes it would help McCain out, but it didn’t, because he’s a republican. The End.

  5. U.S. Treasury bonds are worthless pieces of paper? Really? So why have them at all, wingnut? If these bonds were so worthless and non-negotiatable, then why didn’t the 2 Japanese guys say that at the border? And why was Glenn Beck freaking out about this yesterday on his program? Huh?

  6. Kay, when it comes to finance, you have NO IDEA what you’re talking about, stopping digging the hole.

    U.S. Treasury bonds are worthless pieces of paper? Really? So why have them at all, wingnut?

    INSTITUTIONS “need” them to as a physical artifact of proof of ownership (but really we could easily do away with this anachronistic practice). Without proof of ownership, yes, these ARE worthless pieces of paper. When the Treasury “prints” money, what percent of that money is ACTUALLY printed in terms of bills or coins? The M0 portion of the monetary supply is probably only about 1/10 the ACTUAL money supply controlled the Fed.

    If these bonds were so worthless and non-negotiatable, then why didn’t the 2 Japanese guys say that at the border?

    I have no idea… Maybe some sort of long con or elaborate scam? Besides, how do we know WHAT they said, the story is pretty sketchy.

    And why was Glenn Beck freaking out about this yesterday on his program? Huh?

    Umm, I ain’t no Alan Greenspan, but at least I have an MBA… Glenn is smarter than Hannity, but he’s not smarter than me.

    • Well JFH, according to Glenn Beck and his insinuations: THESE TREASURY BONDS WERE THE SAME AMOUNT AS THE REST OF THE TARP MONEY, SO THEREFORE, THE OBAMA ADMINISTRATION HAS SOMEHOW STOLEN IT! Hey, I’ve never said I am a financial guru either, but Beck was freaking out about this, so I did a post questioning this matter too. Also, Glenn Beck said if they were real bonds then this means the biggest heist in history just occurred. So, who to believe?

      Apparently the 2 Japanese men were not arrested at the border even though they had in their possession more money than is allowed. Maybe the whole story is fake? Could be. It first appeared in an Italian newspaper, but on further investigation, this original article is no longer available. Weird? Yes. Maybe it was put out there by Dick Cheney’s buddies in Italy as a red herring to keep people from noticing that he’s stolen billions from America? Hey, could be! Now that I would believe!

  7. The money was ransom to that asshole that didn’t let Daddy bush go to his maker while skydiving into the ground.

    Two pieces of history that shouldn’t be embalmed,
    memory of a bush,
    squared.

  8. U.S. Says Bonds Seized in Italy Are ‘Clearly Fakes’

    U.S. government bonds found in the false bottom of a suitcase carried by two Japanese travelers attempting to cross into Switzerland are fake, a Treasury spokesman said.

    “They’re clearly fakes,” Stephen Meyerhardt, a spokesman for the U.S. Bureau of the Public Debt in Washington, said yesterday. “That’s beyond the fact that the face value is far beyond what’s out there.”

    Italy’s financial police last week said they asked the U.S. Securities and Exchange Commission to authenticate the seized bonds, with a face value of $134 billion. Colonel Rodolfo Mecarelli of the Guardia di Finanza in Como, Italy, said the securities, seized in Chiasso, Italy, were probably forgeries.

    Meyerhardt said Treasury records show an estimated $105.4 million in bearer bonds have yet to be surrendered. Most matured more than five years ago, he said. The Treasury stopped issuing bearer bonds in 1982, Meyerhardt said.

    Had the notes been genuine, the pair would have been the U.S. government’s fourth-biggest creditor, ahead of the U.K. with $128 billion of U.S. debt and just behind Russia, which is owed $138 billion.

    According to the Italian authorities, the seized notes included 249 securities with a face value of $500 million each and 10 additional bonds with a value of more than $1 billion, as well as securities purported to be “Kennedy” bonds. Meyerhardt said no such securities exist.

    Nowadays, Treasury securities are issued electronically. The U.S. started converting all of its marketable debt from paper to electronic form in the 1980s.

    Damn the Nigerians thunk they cornered the market on big money scams …… and a couple of Japanese tourists sink that dream.

    • Well that’s good to know Clif! Thanks for posting this update. Apparently the North Koreans are very good at producing fakes, so it makes you wonder if they sent out one of those emails we all get to have these two Japanese guys funnel the “money” for them? LOL!

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