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

[peripatetic]

According Asianews, the timing of the arrest of Ted Turner may well be 
related to his coverage of this story:

http://www.asianews.it/index.php?l=en&art=15648

06/30/2009: /Official U.S. sources continue to say //they //are fakes, 
but there is no news that American experts have inspected them in 
person. Arrested for another matter, the director of a U.S. radio who 
says the bonds are real and Japan was trying to sell in Switzerland, not 
trusting the ability of the United States to honour its debt./

Milan (AsiaNews) -- Four weeks have passed since American bonds were 
confiscated from two Japanese men who were travelling on a direct train 
to Chiasso, Switzerland, and while there has been clarification of some 
- very few -points, Italian authorities have remained silent on the rest 
of the episode.
In addition, a strange coincidence in the timing of the arrest of a 
director of an internet radio who had made revelations regarding the 
incident ,increases the already strong oddities surrounding the case. 
This added to the revaluation of the fact that among the evidence seized 
there were "Kennedy Bonds", all points toward the authenticity of the 
items seized by the Guardia di Finanza (GdF) in early June.
The major English-speaking newspapers ignored the story for a couple of 
weeks. They only started to report on it after the Bloomberg agency 
carried a story on 18 / 6, in which a spokesman for the Treasury, 
Meyerhardt, declared that the bonds, based on photos available on the 
Internet, were "clearly false." The same day, the Financial Times (FT) 
published an article whose title laid the blame for the (alleged) 
infringement at the feet of the Italian Mafia, despite the fact that the 
article failed to make even one possible connection with the episode in 
Chiasso. Nevertheless, the version of events as reported in FT was taken 
up by others as being "appropriate" (given that it is a very common 
cliché about Italy and it is a sequester that took place in Italy) and 
in the end "colourful." It's a pity that it goes against all logic: that 
the Mafia tried to pass unnoticed in its attempt to dump fake bonds 
amounting to 134.5 billion dollars and moreover were to "stung" a mere 
step from their gaol, is not very credible.
Most recently last week, 25 / 6, the New York Times reported on the 
story in particular, the allegations of CIA spokesman, Darrin Blackford: 
the U.S. Secret Service carried out inspections, as required by the 
Italian judiciary, and found that they were fictitious financial 
instruments, never issued by the "U.S. government". It is not clear, 
however, how the checks mentioned by Blackford were carried out and 
whether they were also are carried out via internet. In fact according 
to official Italian sources the Commission of American experts, expected 
in Italy, have yet to arrive. Furthermore, the bonds were accompanied by 
a recent and original bank record. It is therefore unclear how the U.S. 
authorities can declare fake documentation that does not originate from 
the Fed or the U.S. Department of Treasury.
On the contrary, claims in support of the bond's authenticity were made 
20 / 6 on the Turner Radio Network (TRN), an independent radio station 
broadcast via Internet. On that date in a massive exposure, TRN stated 
that the two Japanese men arrested by the Guardia di Finanza (GdF) and 
then released in Ponte Chiasso were employees of the Japanese Ministry 
for Treasury. AsiaNews had also received similar reports: */one of the 
two Japanese arrested in Chiasso and then released is Tuneo Yamauchi, is 
the brother of Toshiro Muto, until recently vice governor of the Bank of 
Japan/*. On its website, the creator and presenter of the Radio, Hal 
Turner, had also claimed that his sources had revealed that the Italian 
authorities believe the evidence to be authentic and that the two 
Japanese officials are from the Japanese Ministry for Finance. They were 
supposed to bring the bonds to Switzerland because the Japanese 
government had apparently lost confidence in U.S. ability to repay its 
debt. Japanese financial authorities therefore were trying to sell a 
part of the securities in their possession through parallel channels 
ahead of an imminent financial disaster, thanks to the anonymity which, 
Turner said, is guaranteed by the laws of Switzerland.
AsiaNews does not know to what extent Turner's revelations can be held 
as credible, given that in this case too, it is difficult to believe 
that $ 134.5 billion would pass unnoticed anywhere in the world. It 
seems far more logical to assume that the bonds, if authentic, were 
directed to the Bank for International Settlements in Basel, BIS, the 
central bank of central banks ahead of the issuance of securities in a 
new supranational currency. Turner had in any event added that as 
evidence to support his revelations he would have provided the serial 
numbers of the seized bonds. Before he could do so, however, was 
imprisoned. Hal Turner is the journalist who long ago first broke the 
news of a secret plan to replace the dollar, after a severe financial 
crisis, with a common North American currency, the Amero. In a dramatic 
phone call from inside the prison in which he is detained pending trial, 
relayed via internet, Hal Turner claims that his arrest is political and 
it is in relation to the securities seized in Chiasso, because the 
authorities are terrified by his revelations of the bonds' authenticity. 
Of course, the allegations made against him have to nothing to do with 
the story and thus an already intricate story becomes ever more complex. 
Turner maintains that he did not personally formulate the disclosure for 
which he has been imprisoned. Although it was clearly his responsibility 
to remain vigilant, it is also true that blogs from around the world and 
the U.S. themselves are full of threats and provocations. The 
coincidental timing, the unusual diligence and the details of his arrest 
arouse suspicions about the true motives of the American federal police. 
Indeed, this very arrest suggests that the evidence seized from GdF are 
truly authentic.
One more element in favour of the bond's authenticity is found in the 
securities, which in the June 4 statement, the GdF termed "Kennedy 
Bonds" with photos provided. These photos reveal that the securities 
under discussion are not bonds but Treasury Notes, because they are 
securities that can be immediately exchanged for their worth in goods or 
services and because they are devoid of interest coupons. One side 
carries a reproduction of the image of the American president, the 
reverse side that of a spaceship. From confidential, usually 
well-informed sources, AsiaNews has learned that this type of paper 
money was issued less than ten years ago (in 1998), although it is 
difficult to know whether those seized in Chiasso are authentic. But the 
fact that the release of this particular State Treasury was not 
completely in the public domain tends to exclude the possibility of 
counterfeiting. It highly unreasonable to suppose that a forger would 
reproduce a State Treasury not commonly in circulation and of which 
there is no public knowledge. For this reason, it can be concluded that 
the 124.5 billion dollars divided in 249 bonds of 500 million each are 
authentic. These titles, although referred to as "Federal Reserve Notes" 
are actually bonds, because they accrue interest and are redeemable at 
maturity. But one question remains unsolved regarding them. It is 
somewhat hard to understand why the securities, which were from the 
outset indistinguishable from the original to the GdF, all have their 
coupons. Any ordinary investor, even a state, would have cashed in the 
interest coupon every year, so as not to lose purchasing power.

http://webabuser.blogspot.com/2009/07/everything-suggests-that-american-bonds.html