Posted on 06/15/2009 4:34:10 PM PDT by FromLori
Fox's Glenn Beck is the first mainstream outlet to pick up on this intriguing story
Surprise surprise. Fox News is the only "mainstream" US news outlet to be interested in the story of the $134.5 billion in (probably fake) bonds that were seized in Italy. Host Glenn Beck had us on to talk about the story, and they even got the first quote from the Treasury.
(Excerpt) Read more at businessinsider.com ...
Around 20 years ago, 60 Minute did a whole story about how easy it would be to forge stocks and bonds. All it takes is a master engraver and the right paper.
From Bloomberg:
“The seized notes include 249 securities with a face value of $500 million each and 10 additional bonds with a value of more than $1 billion, the police force said on its Web site. Such high denominations would not have existed in 1934, the purported issue date of the notes, Mecarelli said. Moreover, the Kennedy classification of the bonds doesnt appear to exist, he said.
Both Free Republic and AIPNEWS reported on this story days ago.
I know and so did the market ticker which I posted but I believe they are referring to tv news
Yeah. I guess it isn’t real until one of the alphabet soups have reported it. /s
I do know the Business Insider Blog is full of vile liars and government dependents. My gosh what filthy perverts.
The quote from Treasury sounded exactly like all the quotes from Janet Reno.
Oh, sorry, it’s under investigation we can’t discuss this.
I had never heard of this organization. I read all of the comments at the end of the page. Pure left wing BS. Definitely a bunch of nut cases who know or care nothing about business.
This story is incredible and I doubt that the bonds are fake, the denomination (500M) is way too large.
Weisenthal wrote this TODAY and says the bonds are “probably” fake ????? Maybe when this story first broke, there wasn’t info about the bonds to state firmly that they’re fake, but there has been for several days now.
Did you see this thread?
The Saga Of The Bearer Bonds
Sun Jun 14 2009 01:19:43 GMT-0500 (Central Daylight Time) · 35 of 42
Vince Ferrer to FromLori
Just speculation, but you could buy all of the gold the IMF has proposed selling with those bonds.
The IMF holds 103.4 million ounces (3,217 metric tons) of gold, making it the third largest official holder of gold. The gold is valued on its balance sheet at SDR 5.9 billion (about $9.2 billion) on the basis of historical cost. The market value of this gold was $95.2 billion as of February 20, 2008.
IMF Gold sales
http://www.freerepublic.com/focus/f-news/2271273/posts
You have a story that states they are definitely fakes? I haven’t seen one like that yet.
Real or Fake, I’ll bet Geithner will say fake. He thus saves $134 Billion. However, if those bonds are claimed by a Muslim nation, they’ll be real, whether they are real or not.
Single physical bearer bonds with face value of $1 billion? Total amount of over $130 billion? Issued in 1934? “Kennedy” bonds? Kennedy? In 1934?
And as many sources have pointed out, the US Treasury hasn’t issued bearer bonds since 1982, and most of what was ever issued has long since been redeemed, making it highly unlikely that there is a total of $134.5 billion in bearer bonds outstanding on the entire planet, never mind in a single suitcase being toted around by a sketchy pair of Japanese travellers.
Feel free to wait for official confirmation from the SEC if you like . . .
Gee, if they are real, the US may be asked by Italy (who can claim one third of the bonds as the bonds were not declared to Italian authorities as they passed thru their borders) for their one third, and, if the bonds progress to Switzerland, payment may still be required by the US. They are bearer bonds. Since the Germans have demanded all their gold bullion in the US be repatriated to Germany by October, this might prove an unwelcome stress by October.
The Kennedy Bonds were issued by the US Treasury in 1998 in lieu of interest payments to the Dragon Family on their Gold Coin sitting in our Federal REserve. Their Gold Coin has a value that is beyond your imagination and is something our government has never talked about. Besides Kennedy Bonds they also printed Federal Notes for the Dragon Family. The Bonds confiscated in Italy are phonies and the Italian Government knows this seeing they have Kennedy Bonds deposited in some of their banks. I believe the two foreign nationals are from North Korea and working with ex PM of Japan Nakasone. This game has been going on with the bonds/notes etc for a long time (before we was born) but in the past 23 years the Japanese and the Americans froze the DF assets in Japan and took them and used them themselves. Our government will never expose this to anyone and if they do their entire bubble will pop. Everything behind the people’s backs. Now it is catching up with them. I know this for sure and am not guessing.
The bonds that have been confiscated are fake. But Kennedy Bonds are real and were issued in 1998 along with the Federal Notes that people have no idea about. They were issued in lieu of interest payments on the Gold Coin to the Dragon Family (you will never find them on the net so don’t bother/they are a very private group that has existed for many years and has helped the world out privately through the use of their funds and has been assisting us for nearly 100 years). This is the real situation. Not what you hear from the Treasury.
IMF gold sales clarification welcomed by World Gold Council
The U.S. House of Representatives’ passage of a bill which would effectively allow the IMF to sell 403.3 tonnes of gold has been welcomed by the World Gold Council which feels the sale will have no impact on the global gold market
Author: Lawrence Williams
Posted: Sunday , 21 Jun 2009
FUNCHAL, MADEIRA -
In a statement issued on Friday, the World Gold Council (WGC) says it welcomes the news that the U.S. House of Representatives has, in effect, finalised the process whereby the IMF can sell 403.3 tonnes of gold “in a manner that will have no impact on the smooth running of the international gold market.” The approval was tied to the Military Supplemental Bill which covered additional funding for the Iraq and Afghanistan conflicts for the U.S forces and also approved $108.6 billion in funds to support the IMF in a role to prevent global economic meltdown and the problems which might occur as a result - see: Obama Administration pushes IMF gold sales through House
As it happens there is still another hurdle for the bill to pass and this is through the U.S. Senate, but the tieing of the bill to state security should ensure its passage through the upper house too whatever the Senators’ views on the specific IMF gold sale aspect.
http://www.mineweb.net/mineweb/view/mineweb/en/page34?oid=85262&sn=Detail
That needed to be posted so I did. Thanks!
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