$6 Trillion In US Bonds Seized In Zurich

http://www.zerohedge.com/news/6-trillion-us-bonds-seized-zurich

Back in the summer of 2009, a peculiar story circulated when two Japanese individuals were arrested trying to smuggle $134 billion in US bonds into Switzerland from Italy. The story quickly died down after it was subsequently reported that the bonds were merely fake bearer bonds. Nobody heard much about it since then. Until today, when out of the blue we get a new story which blows that one out of the water. According to Bloomberg, “Italian anti-mafia prosecutors said they seized a record $6 trillion of allegedly fake U.S. Treasury bonds, an amount that’s almost half of the U.S.’s public debt.” From here the story just gets weirder: “The bonds were found hidden in makeshift compartments of three safety deposit boxes in Zurich, the prosecutors from the southern city of Potenza said in an e-mailed statement. The Italian authorities arrested eight people in connection with the probe, dubbed “Operation Vulcanica,” the prosecutors said. The U.S. embassy in Rome has examined the securities dated 1934, which had a nominal value of $1 billion apiece, they said in the statement. Officials for the embassy didn’t have an immediate comment.” …And weirder: “The individuals involved were planning to buy plutonium from Nigerian sources, according to phone conversations monitored by the police.” …And really, really weird: “The fraud posed “severe threats” to international financial stability, the prosecutors said in the statement.” Ok great, however one thing we don’t get is just how can $6 trillion in glaringly fake bombs be a “threat to international financial stability.

More from Bloomberg:

The financial fraud uncovered by the Italian prosecutors in Potenza includes two checks issued through HSBC Holdings Plc in London for 205,000 pounds ($325,000), checks that weren’t backed by available funds, the prosecutors said. As part of the probe, fake bonds for $2 billion were also seized in Rome.

HSBC spokesman Patrick Humphris in London declined to comment when contacted by telephone.

Phony U.S. securities have been seized in Italy before and there were at least three cases in 2009. Italian police seized phony U.S. Treasury bonds with a face value of $116 billion in August of 2009 and $134 billion of similar securities in June of that year.

The U.S. Secret Service averages about 100 cases a year related to bonds and other fictitious instruments.

As a reminder, total US debt in circulation is just over $10 trillion. So if the allegedly “fake” bonds were sufficiently threatening to put international financial stability at risk, just what is going on here?

————

curious got curious-er..counterfeit they cry..but what about the boxes they came in?

something is rotten here..and its not the apples..

401

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~ by seeker401 on February 20, 2012.

9 Responses to “$6 Trillion In US Bonds Seized In Zurich”

  1. http://www.reuters.com/article/2012/02/17/us-usa-bonds-forgery-idUSTRE81G11620120217 I talian police in CH werd too

    to bring they new B abylon down like ‘they’ show on the HT of the s uper bowl and on they’ divas-grammyss
    they showcase like ‘they’ always do ‘they’ take over
    first
    they’ need to take over f inances

  2. counterfeit…much like the money printed by the soverign nations of today; only our money is backed by debt. It’s reverse psychology.

  3. I saw this topic first over at cryptogon, they now also have this article: http://cryptogon.com/?p=27621
    “Statements by James Blackheath, House of Lords, 16 February 2012
    Also see:
    Did Somebody Just Try to Buy the British Government?
    Record $6 Trillion of Fake U.S. Bonds Seized in Mafia Probe
    Via: Lords Hansard

    Creepy.

  4. Way to be on top of this 401…let’s see if the msm is…rumor has it that these bonds were issued by the fed back in 1934 to many countries around the world…turn in your gold to us and we will keep it safe for you and in return we will provide you with these wonderful paper bonds that are worth cash money…but you can’t redeem them for 60 years…but we will pay you interest!…fuckin a mate!!!

    If anyone wants an interesting link to check out on this go to sgtreport.com

    It is the same ZH story but with links to David Wilcocks site and an interview with Ben Fulford. Before I go any further…I don’ t know if I can believe some of their stuff…it is fucking mindboggling and I am a simpleton… However, it is facinating reading…and these days, it could be true!!!

    Seek, anyone…show me the way…again, great job 401.

    • aware of fulford and wilcox on this story..problem with those guys is any truth they have gets mixed up in the other crap they waffle on about..these bonds if not real are super counterfeits..

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