$134B In Seized U.S. Treasury Bonds Are "Fakes"

June 17, 2009 4:34 PM EDT

A spokesman for the U.S. Bureau of Public Debt said the recently seized $134 billion of U.S. Treasury Bonds in Italy are fakes, according to reports from Bloomberg.

Stephen Meyerhardt said, "They're clearly fakes. That's beyond the fact that the face value is far beyond what's out there"

U.S. records shows that there are an estimated $105.4 billion in bearer bonds that have yet to be surrendered, with most maturing more than five years ago. The Treasury stopped issuing bearer bonds in 1982.

Last week, Italian police seized the bonds from two Japanese travelers who were carrying the bonds in the false bottom on a suitcase and trying to cross into Switzerland.

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Comments

Seized Bonds are REAL
Grav Moran on Jun 19, 2009 07:38 PM

I've read two different sources that are now reporting that Italian authorities are about to announce that the $134.5 billion in US bonds that they seized on June 3 are "REAL" and the bonds are owned by the government of Japan. According to SlyRyder.com, "one of the smugglers is very likely to be identified as Tuneo Yamauchi, brother-in-law of Mr. Toshirou Mutoo, former deputy Governor of Bank of Japan. " http://slyryder.com/bondgate.html The Turner Radio Network is reporting that the smugglers are employees of the Finance Ministry of Japan. http://www.turnerradionetwork.com/

134.5 Billion
Lupus Yonderboy on Jun 19, 2009 11:57 AM

Of course the govt will say they are fake. They want this story to go away. What if they are real? Having been sold by the Fed "under the table" to keep debt off the books. Prison for the banksters big time. Just a thought. Many unanswered questions in this story.

Nothing is as it seems
L Uminati on Jun 19, 2009 12:16 AM

Everything is a conspiracy. Hey, it beats thinking.

$134 Bill Bonds
Mark on Jun 18, 2009 08:55 PM

Do we REALLY expect the Fed/Treasury to come out and say-wow-these are FOR REAL-wonder how they did it?

$134 bil bonds
Olav on Jun 18, 2009 01:02 PM

If the bonds were fake, then what are the names of the two guys who were caught and where are they now? If they're not in custody, why not? If they were bailed out - by whom? The burden of proof is on Geithner, Bernanke & co. who are demonstrably full of sheisse


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