[Ernest_at_the_Beach]

Drudge and Bloomberg have reports on this now...

[Ernest_at_the_Beach]

Drudge leads to the Bloomberg Report:

Japan Probes Report Two Seized With Undeclared Bonds (Update2)

[Ernest_at_the_Beach]

Previous FR thread posted yesterday:

Smuggling Or Counterfeit-Printing?

[Principled]

Curious - why smuggle US bonds. Isn’t that kind of risky for the miniscule reward?

[DB]

These things have to be numbered and tracked.

It shouldn't be hard to find who originally bought them and if they still have them or not. And if not who they sold them to and so on.

In order to successfully counterfeit them, they'd have to have access to the logs of where these things have been to appear legit.

[Oorang]

FYI bond ping

[pleikumud]

It won’t be long before U.S. Bonds aren’t worth stealing.

[tinamina]

Did anyone happen to think of George Soros in connection with this?

[Jhoffa_]

or perhaps a government gave them the bonds to convert in secret, covered by the Swiss insistence on secrecy in banking... Craig Meister wonders whether the Japanese wanted to start dumping the dollar.

No. There's no way the Japanese government would risk walking 130 Billion undeclared through customs. They've got an Embassy and a Consulate in Bern and Geneva. Surely they'd get them over the fence in a diplomatic pouch before sending two yahoos through the airport with them hidden in the luggage.

[joesjane]

Wasn’t there a report not too long ago where there was a large amount of cash missing from the FED or TARP? I am going to try to dig it up. I’m just sayin’