US government securities seized from Japanese nationals, not clear whether real or fake

AsiaNews ^ | 06/08/2009 | unattributed

[NorseWood]

Travel money. See below.

http://pacificcresttales.com/Pacific_Crest_Tales/Views_%26_Perspectives/Entries/2009/6/11_Traveling_Money_.html

[Royal Wulff]

Possibly related?

Reuters: Japan internal affairs minister says to resign
http://twitter.com/BreakingNews

[1010RD]

The real question is who benefits from a story reported outside the US that causes you to conclude:

1. Some sovereign holdings are being shifted secretly.

2. Billions are being counterfeited.

3. Either way you cannot trust US debt (bonds or dollars).

If heavily reported in the US press the story would be debunked quickly and thoroughly. It is ripe for the ignorant.

[NVDave]

I really have no idea. Let’s say that it is a scam and they’re counterfeit: It would be one of the biggest scams attempted in history - more than double what Madoff supposedly pulled down.

Let’s say they’re legit: What a windfall for the Italian government - who would get to seize something like 40% of the value of the paper they were trying to smuggle. It would go a long way to clearing up the Italian national budget deficit this year.

Either way, it should get more attention, and I’m at a complete loss to explain why the US press hasn’t dug into it more.

[April Lexington]

Hmmm....

Also, Japan issued a statement yesterday praising the American dollar and promising to continue buying bonds. I was very surprised by that announcement. Maybe Japan just got caught doing something really unnecessary and stupid? But, Japanese are extremely smart. Why do this????

[April Lexington]

Good point. This still doesn't make any sense to me. Plus, Japan issued a statement yesterday supporting the dollar and US bonds. Very strange indeed!

[10Ring]

Appears to be simply a case of fraud. People do fall for those 419 Scams. Otherwise you wouldn't get those Nigerian emails, right?

Here is a good compilation of legit links (including Bloomberg) from a very "tinfoil hat-ish/truther" blog. In keeping with the tinfoil nature of that site...how can you tell they're fake if you rely the U.S. Treasury verify them?..lol;)

http://cryptogon.com/?p=9095

It's hard to believe anyone would fall for some kind of scam involving U.S. Bearer bonds from 1934. Then again, a lot of "smart" people fell for Madoff, too.