***ALARMING VIDEO**** $134 Plus BILLION In Counterfeit Bonds?

Glen Beck Fox News ^ | Monday, June 15, 2009 | Glenn Beck and Joe Weisenthal

[Yosemitest]

Watch this unbelievable video!!!
Put it in a separate window, and make it a small window so you can read the transcript below in my comment.

[Yosemitest]

Automatically Generated Transcript (may not be 100% accurate)


" Listen to this one and ask yourself
"Why is no one covering this story?

There is a fake bond scam.
We think .
..two middle aged Japanese men were reportedly caught
trying to cross from Italy into Switzerland
with a 134 Billion dollars in bonds.
-- 134 Billion dollars ... remember that number.
It presents two possibilities, both are really bad.
Either they're fake,
which means people are trying to flood the market with fake cash
and it's probably a country doing that.
Just remember bonds at the same as cash.
Or worse, it's real
and some country, some sovereign fund is trying to quietly dumped their reserves.
It would have to be a country, if they're real because
... nobody has this much money.
That is one percent of our GDP.


With me now is Joe Weisenthal and thought he is ... Weisenthal ... he is the editor of "businessinsider.com".

BECK: Joe....
" (Are) You surprise this isn't everywhere?


WEISENTHAL: I'm stunned and it's ...
It's a really interesting story
either of the scenarios you suggest, real or fake.
I just wish there were more to talk about it.
I wish treasury would talk about it
or some of the main stream press would go after them for some answers.

BECK: Well we just...

WEISENTHAL: -- But I would go out to them for some answers

BECK: We just got to a "no comment" from the Treasury Department. They said
-- we have received your question by US bonds--
We've received a question about US bonds seized at the Italian border.
These bonds are evidence, in an ongoing investigation.
We will not be able to comment at this time.
Sorry we can't be more help.
US treasury.

A 134 Billion dollars of bonds.
Can we put the chart up on one
which countries have that much?
Here are the top foreign holders of US treasuries
China 763 Billion
Japan 685
United Kingdom 152 Billion
Russia 137
The value of the smuggled bonds 134 Billion.
That's gigantic sums of money.

WEISENTHAL: Either way it's an incredible scale
whether it's a government dumping some of their holdings
or it's a counterfeit operation.
It's unlike anything we've ever seen,
not just in size but also sophistication.
The fact that it's this long before they can just dismiss them as being fake
or say these are real.

BECK: Right, so who would have the technology to fake that with,
would that be North Korea ...

WEISENTHAL:I would ...
I would imagine any government that prints cur..
and that prints currency could probably...
procure a printer of extremely high quality...
It's a printer you know of extremely high quality,
-- right

BECK: So this would be a ...
do you think it only possibly ...
a government would be able to do this.

WEISENTHAL: It would be the kind of technology that you would expect only a government to have, okay.

BECK: And if they are real, this is ...
this is...
what people ...

WEISENTHAL: Every day the market wakes up to some news out of someone in Russia or China
or Japan making some comment "dump the dollar"
-- that they're getting nervous about holding --
Some days they come out and say they're confident in the dollar
but the market completely on edge on this question
will foreign governments keep buying our debt.
So that if it is real
and if there is a foreign government that's sort of secretly trying to dump some of their dollar holdings.
That's a big story.
That really tips the story in that direct.

BECK:Apparently these bonds are old
and they come from the fifties and sixties.

WEISENTHAL: Well that's one of their questions
that make people question the veracity of these types of bonds,
"the Kennedy Bonds" can be bonds
supposedly would be issued in the fifties or sixties.
Uhm, the reason that they were
I mean 500 million fake dollar face value bond
it's almost hard to believe that we ever issued those.
Apparently the reason was the other bearer bonds -- you have to send in the coupon, to collect the money
-- your borrowing a lot of money you
-- you want to had huge coupons
because otherwise it's just too much pain to keep sending them in.
The were some reports that said the date on the bond was from 1934.
That would lend credence to the idea that it was some sort of counterfeit fraud operation."

BECK: "Okay thank you very much
we'll follow this because, one way or another, it's not good.
Somebody is trying to print mass amounts of our money
and which would be...
Well, our feds' doing it
and our treasury is doing it.
Why not everybody?
And the other is
people are starting to tire of our nonsense here."

---

HELLO!!!

DID ANYONE HEAR THIS IN THE DRIVE-BY MEDIA?

[9YearLurker]

A story at least worthy of note, and I like the way Beck covered it: brought on someone who’s been following it, didn’t overhype it, and closed with the probability of its being a forgery.

[Daisyjane69]

Nope, but the financial blogs have been all over it for days.

http://market-ticker.denninger.net/archives/1114-Smuggling-Or-Counterfeit-Printing.html

http://market-ticker.denninger.net/archives/1119-The-Saga-Of-The-Bearer-Bonds.html

http://zerohedge.blogspot.com/2009/06/open-letter-to-secretary-of-department.html

http://www.jrdeputyaccountant.com/2009/06/more-on-bearer-bonds-illicit-issue-from.html

http://www.jrdeputyaccountant.com/search?updated-max=2009-06-14T11%3A46%3A00-07%3A00&max-results=10

[Yosemitest]

But it it's real,

We can thank FASCIST Obama for causing this,
when he printed ONE POINT THREE TRILLION DOLLARS out of thin air!!

[Daisyjane69]

also go to Bloomberg and in Search, type in:

bonds found Italy

There are several articles there. (I don’t think we can post Bloomberg links.)

[Cindy]

Background Link:

http://www.freerepublic.com/focus/f-news/2269335/posts

[Yosemitest]

Thanks.

Japan Probes Report Two Seized With Undeclared Bonds (Update2)

[Daisyjane69]

You’re very welcome!

But Beck said it best, in that it’s bad either way!

[beaversmom]

Heard about it a few nights ago on FR. Of course, FR is always ahead of the MSM:

2 Japanese carrying $134 bil worth of U.S. bonds detained in Italy
http://www.freerepublic.com/focus/f-news/2269335/posts

[LegendHasIt]

He77.... Even the ones Geithner issues himself might as well be counterfeit. They are worthless in the long term.

[Paige]

NO, they’re either taking their kool-aid or waiting to be given more kool-aid.

We do not have a legitimate Media anymore. Professional journalism completely died in 2008.

[Paige]

Sharia Banking is totally different from the rest of the world. I see none of those countries are listed as having bonds.

If they can’t destroy the Western world and those involved with them by force, wouldn’t it suffice to say that Muslims could possibly be behind this illegal act to collapse the economic markets?

[Earthdweller]

These are our own bonds that would have been flooding the market and now they are conveniently "being held for investigation"?

HMMMMMMM.....

[ME-262]

Wow 134 Billion!
Everybody's printing our money.
I must be the only fool still working for it.

Is this not an act of war? Financial Terrorism? How many free chances will we give our enemies to crash our economy while it's shaky? I guess until they actually crash our economy into our trade center we'll keep denying that anybody's messing with us.

[SatinDoll]

This sounds like something the North Koreans would do, because they’ve counterfeited our money in the past in an attempt to distabilyze our economy.

Now, you have to admit, is a good time to try those actions again. But it sounds as though whoever did this really isn’t very thorough at counterfeiting: dated 1934?

[Paige]

Not one peep out of the main stream media....NOT one...and where is the Treasury Department? They are the ones with an immense amount of power to catch such illegal acts around the World. Then again, an Electronic Run On Banks took place on SEPTEMBER 11, 2008 - $550 Billion Withdrawn in 1 Hour, the Federal Reserve stopped other withdrawals - if the Feds had not stopped the withdrawals, the US Economy Would Have Collapsed Capitalism, this took place without even a peep from the Mainstream media. This has to be the same group. As stated on the Glenn Beck show, this is a sophisticated network...
VIDEO - REP Paul KANJORSKI...on the Bank Run...

http://atlasshrugs2000.typepad.com/atlas_shrugs/2009/02/9112008-catastrophic-financial-terrorist-attack-caused-economic-meltdown.html

[DB]

If a country is dumping US bonds, the last thing in the world the treasury department is going to do is make it public.

[PLMerite]

Anybody got a better image of the bonds, either these or a specimen ?

[Leisler]

"If a country is dumping US bonds, the last thing in the world the treasury department is going to do is make it public.

A. The US, officially, but secretly, has been selling more bonds then publicly acknowledged. Crazy? Try to get anything out of the Federal Reserve.

B. Someone in the Treasury printed up from official paper, ink, plates, their own bonds.

[Ken H]

These guys need to learn finance 101. Their portfolio is WAY overweighted in bonds.