On Thursday, June 11, 2009 Italian police of the Guardia di Finanza seized
US$134 billion of United States bearer bonds at the border with Switzerland
at Chiasso. The bonds include 249 Treasury bonds worth $500 million each,
and ten $1 billion Kennedy Bonds. Bearer bonds are unregistered bonds that
are redeemable by whoever is in possession.
Are they fraud?
JSmineset writes: Governments in
times of war counterfeit the opponent’s currency and government bearer
bonds to balloon the money supply, inflicting injury by inflation. These
instruments, even not in official figures, act the same as a massive
increase in the money supply. $134 billion is not massive by today’s
standards but how do you know this is the only suitcase? Nobody is that
stupid with funds of this size, even if they are counterfeit. You can be
sure there is more where this came from. The probability then is that the
$134 billion is not all of it and might just be the tip of the iceberg.
Some images: images.google.com/images?hl=en&q=bearer+bonds&btnG=Search+Images&gbv=2&aq=f&oq=
A similar story from 2001: news.bbc.co.uk/2/hi/asia-pacific/1180171.stm
A lot of updates here: www.greenenergyinvestors.com/index.php?s=&showtopic=6834&view=findpost&p=113920