[R-G] [BillTottenWeblog] Japan caught dumping US Treasury Bonds

[Bill Totten]

(Turner Radio Network) -- Two Japanese men arrested by Italian Police
while trying to smuggle $134 Billion in U.S. Treasury Bonds concealed in
suitcases, out of Italy into Switzerland, are employees of the Finance
Ministry of Japan.

Turner Radio Network has now confirmed the two men arrested by Italy
were trying to secretly dump Bonds that were previously held by the
nation of Japan.  The men arrested have told Italian police they were
ordered to move the Bonds by the government of Japan because the
Japanese government has lost faith in the ability of the U.S. government
to repay its debts.

Despite assurances from Japanese Finance Minister Kaoru Yosano about
Japan's "absolutely unshakable” confidence in the credibility of the
U.S. dollar, it  is now confirmed based upon the serial numbers of the
Bonds, that the $134 Billion is part of the $686 billion of U.S. debt
officially held by Japan. 

According to Italian Law Enforcement, authorities originally thought the
men were part of the "Yakuza", a Japanese organized crime syndicate
similar to the Italian Mafia, which lead officials to believe the Bonds
were forgeries  But after the men who were arrested were forced to
remain in jail for more than a few days, they discarded their cover
story and admitted to being employees of the Finance Ministry of Japan.

Strangely, very few major media outlets have covered this story.  Of the
few media outlets that have covered it, one - Bloomberg Business News -
reported the bonds  were "fakes."  But according to Italian authorities,
that is a cover story developed by the U.S. government to avoid panic
selling of U.S. Treasuries by other nations.

Law enforcement sources in Rome claim the Italian government is ecstatic
over the seizure because under Italian law, they get to keep forty
percent (40%) of the smuggled bonds.  The governments of both the US and
Japan are trying to negotiate with Italy for return of the Bonds but
because of the astonishing amount of money involved, Italy is refusing
any negotiation at all.

TRN has been told to expect to receive serial numbers from the bonds as
proof they are real. In addition, our source claims he can obtain
scanned images of some of those bonds as well.  If we are given such
information or images, we will report them publicly.


UPDATE June 19, 2009  2115 HRS ET -- The Japanese men taken into
custody by Italy have been released and they were allowed to take their
"fake" Bonds with them!  Authorities now say they do not know where the
men went. Those same authorities have told the "Financial Times" of
London that the Bonds were "most likely fakes."  (Financial Times Story
Here: http://www.ft.com/cms/s/0/82091ec2-5c2f-11de-aea3-00144feabdc0.html) 


Updated Commentary:  This is the single biggest farce we've heard about
in a long time.  Does anyone actually believe that anyone would be
transiting a national border with $134 Billion in "fake" Bonds concealed
in a suitcase with a fake bottom? 

Does anyone actually believe Italian Authorities would ignore their own
laws and release persons who violated Italian financial disclosure laws?

Does anyone really believe that a bank or other entity would simply
accept a US Treasury "Intergovernmental" Bond with a face value of
either $500 Million or $1 Billion without ever calling the US Treasury
to determine if the bonds were valid?

The absurd explanation provided by the U.S. Government that the bonds
were "fakes" would be laughable if it wasn't so pathetic.

Clearly the government of Japan got caught red handed trying to dump U.S.
Treasury Bonds because they no longer trust that the USA can pay its
debts.  When the issue blew up in their faces, everyone from Japan to
Italy to the USA had to get together and lie about what was happening
with the hope that other nations wouldn't start dumping U.S. Treasuries
too.

That is precisely what happened.  Anyone who says otherwise is either
lying or stupid. . . . . or thinks we're stupid enough to believe them!

We have now entered the official "end game" for the United States
Government.  They are broke.  Bankrupt.  They have no hope of ever
repaying their debts.  Countries around the world know this and are
starting to dump U.S. debt and U.S. currency because it will all become
worthless very soon.

There's no stopping it.  There's no avoiding it.  There's no way to
patch things up to make this go away.

The United States of America has been bankrupted by its own government. 
That government bears sole responsibility for the economic collapse that
is coming.  When the collapse happens, the American people - the most
heavily armed population on Earth - will probably take up arms and
overthrow the government by force.  In our view, forcible overthrow is a
fate the U.S. Government richly deserves.

It would be very wise for those of you who still can, to consult with
qualified financial people about how to get your assets out of the USA
and your money OUT of U.S. dollars before you are all wiped out too. 
Time is running out.  Japan is already trying to dump their U.S.
holdings.  You should too before everyone does at the same time.


UPDATE - JUNE 20  1435 HRS ET -- The Turner Radio Network has obtained
photos and video from the Guardia di Finanza (Italian Financial Police)
showing the actual $134 Billion in U.S. Bonds, with coupons attached,
which were caught being smuggled from Italy into Switzerland. 

The bonds were intercepted in  Chiasso, Italy at the border of
Switzerland.

The Bonds were owned by the country of Japan since the early 1980's when
printed bonds were still issued by the U.S. Treasury.  Today, all such
Bonds are done electronically.  

The paper bonds below were being smuggled into Switzerland by employees
of the Japan Finance Ministry so they could be sold, at discount, under
the anonymity of Swiss financial laws. If no one knew Japan was dumping
US Treasury bonds, it would not cause a panic worldwide as other nations
dumped their US Treasuries too.  Japan was rudely surprised when the two
employees of the Japan Finance Ministry were grabbed at the Italian
border.

Japan sent the $134 Billion in bonds to Switzerland because Japan has
lost faith in the ability of the U.S. government to repay its debts and
Japan wanted to sell the bonds at a discount off face value with the
hope of recouping at least some of the money before the U.S.collapses
economically.

Those of you around the world who are holding U.S. Treasury notes would
do well to consult with a qualified financial planner to see how quickly
you can dump any U.S. Treasury Bonds and any U.S. Dollars you may be
holding before the U.S. suffers the economic collapse which is now
unavoidable.

If you are left holding Bonds or Dollars, you will likely be financially
wiped out when the US Government repudiates its debt because it simply
cannot pay anymore.

In the photo below, the piles of Bonds which appear to have a cash-like
top have a face value of five hundred million dollars each ($500,000,000)
and the smaller Bonds at the bottom right of the table are "Kennedy
Bonds" with a face value of one billion dollars each ($1,000,000,000)

The total face value of the bonds shown on the table below is one
hundred thirty four billion dollars!


U.S. Treasury Bonds grabbed by Italian Police at Swiss Border


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