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

[Suzanne de Kuyper]

Fantastic!  Dumping U S Treasury Bonds.  The first clear action that
expresses the great contempt of millions of Asians for U S fiscal thievery.
Suzanne             suzannedk at gmail.com

On Mon, Jul 6, 2009 at 4:14 AM, Bill Totten <shimogamo at ashisuto.co.jp>wrote:

>
> (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
>
>
>
> http://74.125.153.132/search?q=cache:XfMKzBTqko4J:www.turnerradionetwork.com/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D59:employees-of-japan-finance-ministry-arrested-in-italy-trying-tosmuggle-134-billion-in-us-treasuries-in-suitcases%26catid%3D1:latest-news%26Itemid%3D50+Finance+Ministry+of+Japan+arrested+Treasury+Bonds%E3%80%80&cd=1&hl=ja&ct=clnk&gl=jp&client=firefox-a
>
>
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