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Italy confiscates $6 trillion in fake US bonds
US News ^ | AP

Posted on 02/17/2012 7:46:51 AM PST by green iguana

Authorities in Switzerland have confiscated $6 trillion in counterfeit U.S. bonds at the request of Italian prosecutors, authorities said Friday.

(Excerpt) Read more at usnews.com ...


TOPICS: Crime/Corruption; Foreign Affairs; Front Page News
KEYWORDS:
$6 Trillion???

Really now, $6 billion I could understand, but $6 trillion? What's the point? Especially with bonds dated from 1934...

1 posted on 02/17/2012 7:46:59 AM PST by green iguana
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To: green iguana

WTF!

With our monetary policy being what it is, are we that sure they are fake?


2 posted on 02/17/2012 7:49:50 AM PST by papertyger
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To: green iguana

Does Obama still get to keep the money to fund his $6 trillion deficit?


3 posted on 02/17/2012 7:51:48 AM PST by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: green iguana

Signed by Barry Soetoro....


4 posted on 02/17/2012 7:53:04 AM PST by Mustang Driver
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To: green iguana

Is this a rerun? I thought this happened about two years ago.


5 posted on 02/17/2012 7:53:41 AM PST by meatloaf (Support House Bill 1380 to eliminate oil slavery.)
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To: green iguana

Hey! Those are mine!

6 posted on 02/17/2012 7:54:17 AM PST by 1rudeboy
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To: green iguana
Dr. Evil is at it again: 1 Million...100 Billion...6 Trillion Dollars!
7 posted on 02/17/2012 7:54:50 AM PST by Jack of all Trades (Hold your face to the light, even though for the moment you do not see.)
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To: green iguana

something funny going on...remember this? same deal

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a62_boqkurbI


8 posted on 02/17/2012 7:58:15 AM PST by mo
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To: meatloaf

It did, but not that high - below $100 billion IIRC.


9 posted on 02/17/2012 8:05:13 AM PST by green iguana
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To: green iguana

I know inflation is out of control but that is ridiculous. You’d think they would be satisfied with another 100 billion.


10 posted on 02/17/2012 8:14:34 AM PST by meatloaf (Support House Bill 1380 to eliminate oil slavery.)
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To: papertyger

These bonds could be the real deal, and the money WE are currently using is fake.


11 posted on 02/17/2012 8:17:54 AM PST by C210N
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To: Johnny B.; Psycho_Bunny; Moonman62; GulfBreeze; count-your-change; GraceG; exDemMom; Kevmo
Let's put this particular fraud FOR $6,000,000,000,000.00 into perspective ~ those on this thread who know of Rossi can tell you that if you really believe fraud consists of nothing more than a demonstration of a process with which you disagree, $6 TRILLION has got to be the real thing!

Just a lesson guys ~ there's "thought fraud" and "real fraud", and "real fraud" gets the full attention of the Italian carabinieri AND the Swiss authorities. You'll notice they didn't just pass notes to each other about this one ~ they sent armed men with the authority to shoot babies if need be!

12 posted on 02/17/2012 8:22:33 AM PST by muawiyah
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To: C210N
These bonds could be the real deal, and the money WE are currently using is fake.

Now that is funny!

13 posted on 02/17/2012 8:23:58 AM PST by expat1000
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To: mo

I remember that! The speculation was such large sums could be used to influence the markets one way or the other.

$6 trillion would be a perfect amount to engineer a collapse.


14 posted on 02/17/2012 8:27:29 AM PST by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: mo

As I recall they let them go.

Very weird.

.


15 posted on 02/17/2012 8:28:43 AM PST by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: mo
From your link:

This is still a story with far more questions than answers. It’s odd, though, that it’s not garnering more media attention. Interest is likely to grow. The last thing Geithner and Federal Reserve Chairman Ben Bernanke need right now is tens of billions more of U.S. bonds -- or even high-quality fake ones -- suddenly popping up around the globe.

16 posted on 02/17/2012 8:28:43 AM PST by Roccus
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To: green iguana

6 Trillion, dang! Somebody has been a busy little bee.


17 posted on 02/17/2012 8:33:57 AM PST by The Cajun (Palin, Free Republic, Mark Levin, Newt......Nuff said.)
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To: green iguana

Just found Corzine.


18 posted on 02/17/2012 9:03:39 AM PST by Brilliant
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To: Pollster1

By coincidence that is almost exactly the amount of debt Obama has written since being sworn in. So I suppose he thinks it’s no big deal.


19 posted on 02/17/2012 9:06:52 AM PST by Brilliant
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To: green iguana
And they were found in crates from the Chicago Fed...It's the Chicago Way(TM).
20 posted on 02/17/2012 9:07:41 AM PST by Keith in Iowa (Willard Romney, purveyor of the world's finest bullmitt. | FR Class of 1998 |)
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To: green iguana

I came across this story earlier, but I’m not sure how much of this one should believe.

You be the judge for yourselves...

CONFIRMED: The Trillion-Dollar Lawsuit That Could End Financial Tyranny

http://divinecosmos.com/start-here/davids-blog/995-lawsuit-end-tyranny

FINANCIAL TYRANNY: Defeating the Greatest Cover-Up of All Time

http://divinecosmos.com/start-here/davids-blog/1023-financial-tyranny


21 posted on 02/17/2012 9:13:48 AM PST by phockthis (http://www.supremelaw.org/fedzone11/index.htm ...)
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To: green iguana

I came across this story earlier, but I’m not sure how much of this one should believe.

You be the judge for yourselves...

CONFIRMED: The Trillion-Dollar Lawsuit That Could End Financial Tyranny

http://divinecosmos.com/start-here/davids-blog/995-lawsuit-end-tyranny

FINANCIAL TYRANNY: Defeating the Greatest Cover-Up of All Time

http://divinecosmos.com/start-here/davids-blog/1023-financial-tyranny


22 posted on 02/17/2012 9:14:41 AM PST by phockthis (http://www.supremelaw.org/fedzone11/index.htm ...)
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To: Erik Latranyi

“$6 trillion would be a perfect amount to engineer a collapse”

BINGO!!!!

Its a race. Does the Euro implode before the dollar? the dollar certainly will if the French and Germans decide a little payback is in order for what we did to them in Iraq!!!


23 posted on 02/17/2012 9:15:53 AM PST by mo
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To: green iguana

I remember being amused at the nerve of this counterfeiter, but $6T? The guy must be a socialist Obama-lover to aim that big.

24 posted on 02/17/2012 9:29:56 AM PST by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: muawiyah
And there's big frauds and petty frauds. Rossi leans more to the one than the other and so far he hasn't collected money from the consumers.
25 posted on 02/17/2012 9:45:30 AM PST by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: meatloaf

Apparently it takes an awful lot of fake money to buy plutonium from Nigeria. One scammer buying from another - the plutonium, I’m sure, would have been fake also.


26 posted on 02/17/2012 10:04:02 AM PST by green iguana
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To: The Cajun

> 6 Trillion, dang! Somebody has been a busy little bee.

The copy machine got stuck until it ran out of paper.


27 posted on 02/17/2012 10:28:56 AM PST by jim_trent
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To: jim_trent
The copy machine got stuck until it ran out of paper.

Getting an image of our currency being printed for some reason :^)

28 posted on 02/17/2012 10:55:09 AM PST by The Cajun (Palin, Free Republic, Mark Levin, Newt......Nuff said.)
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To: Keith in Iowa

Interesting link in your post #20. The World War I vintage crate the bonds were found in is curious to say the least. One doesn’t exactly make something like that on a color copier. There is more to this story than we are led to believe.


29 posted on 02/17/2012 11:46:02 AM PST by SpaceBar
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To: C210N
These bonds could be the real deal, and the money WE are currently using is fake.

Being paper, they are both fake.

Korea has been printing 100's maybe better ones than we have, how would you know? Any currency is only worth something while the people believe it is. Maybe we should remember the Isle of Yap, they had really strange money, but it was difficult to counterfeit.


30 posted on 02/17/2012 12:40:20 PM PST by itsahoot (I will Vote for Palin, even if I have to write her in.(Recycled Tagline))
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To: green iguana

This could well be how the FED is holding up the Euro and the markets. It is obvious that they have some sort of backdoor method of doing it.

Don’t worry though. This will all be swept under the carpet just like the last time. This story will just go away.


31 posted on 02/17/2012 12:46:15 PM PST by Revel
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To: green iguana

In fact...6 trillion in replacement bonds are probably already on the way.


32 posted on 02/17/2012 12:47:07 PM PST by Revel
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To: Pollster1
There you go trying to short the bozo by six Zeros.

1,000,000 = Million

1,000,000,000,000 = Trillion.


33 posted on 02/17/2012 12:52:58 PM PST by itsahoot (I will Vote for Palin, even if I have to write her in.(Recycled Tagline))
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To: green iguana

This sounds like the identical story from a few years ago only the amount is more.


34 posted on 02/17/2012 1:36:40 PM PST by Hot Tabasco (The only solution to this primary is a shoot out! Last person standing picks the candidate)
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To: muawiyah

Rossi’s fraud may not be quite at this scale, but it’s still fraud.

He’s not “demonstrating a process with which I disagree”—he’s claiming to do something that’s physically impossible. No amount of wishful thinking can bypass the laws of physics. (Or, as my son says, “Gravity. It’s not just a good idea. It’s the law!”) And Rossi is trying to get people to “invest” in his fraud. Just because he hasn’t been arrested yet on this one doesn’t mean he won’t be. It is also possible that one of his “investors” will take matters into their own hands. I dunno how this will pan out, but I’m paying attention.


35 posted on 02/17/2012 4:45:52 PM PST by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: exDemMom
Gravity is one of four fundamental forces. Then there's the Strong Nuclear Force, the Weak Nuclear Force, and the Electromagnetic Force. The latter two work together frequently so they are sometimes referred to as the Electroweak Force.

There are all sorts of manifestations of these forces, some with high temperatures, some with low temperatures, and some with in between temperatures.

When you say something is "impossible" you really do have to say WHY.

36 posted on 02/17/2012 4:58:29 PM PST by muawiyah
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To: muawiyah

The reason cold fusion (or if you want, call it “LENR”) is impossible has been explained many times.

Shoving two particles of the same polarity together to form an atom of a different identity—e.g. shoving nickel and hydrogen together to form copper—takes a LOT of energy.

Mathematically, the process is impossible. But math is sometimes imprecise.

When the particles are far apart, it is easy to push them together. But it becomes logarithmically more difficult the closer they get, until the energy required asymptotically approaches infinity. That energy barrier is what people refer to as the Coulomb force. In reality, at very high temperature (like that found inside a star), it is possible to overcome the Coulomb barrier on very small atoms—like a hydrogen and a helium, which have +1 and +2 charges, respectively—because the high temperature represents a huge amount of energy. But, as I saw two physicists describe it in a blog, there isn’t enough energy in the universe to overcome the Coulomb barrier of a nickel nucleus (charge of +28).

And that is why Rossi’s claims are not believable.


37 posted on 02/17/2012 5:26:22 PM PST by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: exDemMom

Did I say that was going on? Try this one. You have an atom of hydrogen ~ actually, it’s in a molecule of hydrogen. You slip another proton in there to get deuterium. What you have to do is overcome the Coulomb Barrier ~ (SEE http://en.wikipedia.org/wiki/Coulomb_barrier ) which requires a great deal of energy BUT under certain conditions quantum tunneling is available (SEE http://en.wikipedia.org/wiki/Gamow_window ) There are a variety of descriptions of what seem to be other techniques which amount to the same tunneling trick.


38 posted on 02/17/2012 5:45:32 PM PST by muawiyah
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To: exDemMom
BTW, overcoming the coulomb barrier in an atom of nickel, or anything else, is a trivial problem for a neutron star or a black hole to deal with.

So who were these physicists?

39 posted on 02/17/2012 5:48:16 PM PST by muawiyah
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To: muawiyah

I notice that the Wiki entry you linked on Gamow says that an expert’s attention is needed on that subject. (In other words, there are questions about that article.)

From what I remember when taking pchem, quantum tunneling is a random event and not very likely to occur. It also describes the movement of a particle through a physical barrier, not through a charge barrier.

Not even a neutron star or black hole would have the energy to overcome the Coulomb barrier of a large nucleus like Nickel, according to the physics blog. I don’t happen to know the blog off-hand; it was something that JohnnyB linked a while back. The large atoms are not made through fusion; they are made through another process that also happens inside stars, which involves shoving neutrons into the nucleus. Since neutrons have no charge, there is no Coulomb barrier to overcome. Since shoving neutrons into a nucleus is very likely to make unstable isotopes, those isotopes undergo various forms of radioactive decay, which ends up producing all of the elements that we know (with exception of the extremely unstable radioactive elements which have only been made in labs). That non-fusion process I just described does NOT describe what Rossi claims to be doing in his “eCat”. He is claiming to have achieved cold fusion... sure, he calls it “LENR”, but it’s cold fusion.

BTW, when you slip another proton into a hydrogen nucleus, you get helium, not deuterium. The nucleus of a hydrogen atom is a single proton. The nucleus of a deuterium atom is a proton and a neutron. Tritium consists of a proton and two neutrons. The identity of a chemical element is determined by the number of protons in the nucleus, and the isotope is determined by the number of neutrons.

Are there any other basic chemistry questions you would like answered?


40 posted on 02/17/2012 6:19:03 PM PST by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: exDemMom
Hmm, a neutronstar consists entirely (more or less) of nothing but neutrons ~ many of them created by fusing protons to electrons. I think your physicist advisors are referring to how supernovas stick discrete atoms together, and what those limits are. Blackholes do not respect those limits.

Yeah, I think there's quite enough energy in a sufficiently large gravity well to overcome the coulomb barrier (which has to do with electrostatic fields, to wit, the Electroweak force).

I suggested taking an hydrogen molecule (two atoms made up, each, of 2 electrons and 2 protons). That's an example you see in most of the arguments developed to 'splain what goes on ~ having that extra electron and proton handy immediately next door reduces the complexity in the explanation ~ not that I understand all those arguments ~ some of them are probably the purest BS.

No big thing, sure, but your common tunnel diodes won't work without "tunneling". More importantly, tunneling won't happen with every particle (I believe electrons are, so far, the favorite). However, there are some fairly regular statistical probabilities applicable to how often this can happen ~ and that may also involve the probability of the occurrence of an electron of a higher than average strength.

At that point you get into the sort of math with which I am more familiar ~ and with which I have considerable experience. Let's say you have an electromechanical/vacuum operated postal processing machine and it runs maybe 50,000 pieces per hour past a device that measures reflectance characteristics (to see if it has a stamp for example, or a special number ~ which at high speed is just a blur and not a static number). The question is how long can that line run at that speed before a mail piece manages to achieve "letter mail satori in real time" by simply exploding?

Fluid dynamics really don't help you predict such things, but if you simply keep track of failures of that kind over time you can, in fact, develop standards that tell you if the current rate is normal or unusual.

What's going on really is a probabilistic event ~ and it has nothing whatsoever to do with the characteristics of the mail piece, but rather the electrostatic charge the line processes managed to build up on that particular piece, or the one before it, or after it ~ and "bang" the piece simply disintegrates as the hydrogen bonds in the lignan break.

Most mechanical engineers can do the math to predict the fail rate. What they can't do is feel the charge and walk over to the machine to watch a piece blow up.

I see an "aura" (which probably has to do with a flaw in my retina) and have been able to catch dozens of these events sufficiently in advance of the failure to walk over to watch it happen.

Anyway, they keep track of these things and adjust and manipulate the machinery over time to reduce their incidence.

It would be unimaginable to believe that the same effect doesn't occur at microscales.

I don't believe this happens when you use Tyvec, at least I've never seen a Tyvec envelope disintegrate. Paper is different.

I am confident the math developing the probability of various events happening in a Bose-Einsten condensate is IDENTICAL to the probability of electrostatic charge cascade events on a high speed mail processing line.

41 posted on 02/17/2012 7:50:34 PM PST by muawiyah
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To: phockthis

There is a trillion dollar lawsuit in new york. I started a thread on it a while back.


42 posted on 02/19/2012 1:06:05 PM PST by marbren (I do not know but, Thank God, God knows)
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