Drudge Retort: Red Meat for Yellow Dogs
Thursday, June 11, 2009

Two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday. The Japanese consulate general in Milan confirmed that the detention had taken place and said it was trying to confirm with Italian authorities whether the two were indeed Japanese nationals and their identities.

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Either the Japenese are trying to unload the bonds or these are counterfeit; either way this does not bode well for the Treasury.

A blogger on DailyKos has the same story and seems to believe these were two officials trying to exchange U.S. dollars for Euros or gold. I still think, and hope, they may be fakes.

Breitbart has picked up on it now as well. It will be interesting to find out what is actually going on here.

I'm going with a stealth dollar dump. If legit, that's about a quarter of what the Japanese are holding in US debt.

If legit, the penalty is 40% of the value of the bonds - that's huge.

It seems to me that 134 billion might be a bit much to try and slip under the radar as counterfeiters.

Russia and Brazil unloaded $10 bil in US currency today in exchange for bonds with the IMF. I am not so sure I would trust the IMF with my money. The IMF is as corrupt as the UN.

I would trust the IMF with my inflating US dollars if I were convinced that they were going to use their SDR to create a new super currency. Or they are trying to leverage the IMF to accelerate the SDR process. Either way, I think they believe that the dollar is going down and want to get the most bang for their buck.

I thought they were Bushco bagboys-making a secret run to Deposit Bush Family bloodmoney-from the war.

I would trust the IMF with my inflating US dollars if I were convinced that they were going to use their SDR to create a new super currency.

Again, the IMF is full of crooks and if you want to trust them with your investment instead of trusting the good old US dollar, don't come bitching when your investment ends up worthless.

The two Japanese are actualy Bond CZAR's apointed by the anointed one. They will only answer to Obama and congress along with other athorities can go whistle. Damn good Idea Obama should give his whole cabinet CZAR status and then they would not have to worry about those pesky tax questions that keep poping up...

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