2 Japanese Nationals caught trying to dump 134 billion in treasuries

$500 million treasury bonds? The largest size I can find mentioned on the intenet is $1 million. Treasury bills are usually $10,000 and treasury notes go to $5,000. Sounds like either the bonds or the story may be fake. Unless there are special government only bonds in that size.

http://www.investorguide.com/igu-article-576-treasury-bonds.html
Treasury bonds

These securities have the longest maturity of any bond issued by the U.S. Treasury, from 10 to 30 years. The 30-year bond is also called the "long bond." Denominations range from $1000 to $1 million. T-bonds pay interest every 6 months at a fixed coupon rate. As mentioned above, these bonds are not callable, but some older T-bonds available on the secondary market are callable within five years of the maturity date.

Probably forgeries:
http://www.encyclopedia.com/doc/1G1-135104556.html
According to news.gov.hk: Four Taiwanese have been charged for possessing forged US Treasury Bonds with a face value of US$250 billion. Police received a report early this month form a 79-year-old man who was asked by one of the Taiwanese to help realise two boxes of US Treasury Bonds with a face value of US$500 million each. Officers arranged a controlled buy meeting with the Taiwanese in a Jordan guesthouse on August 11. ...

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can someone give me the idiots guide explanation of unsecured bonds?
 
Latest News Release...
Due to inflation and direct devaluation of the FIAT US dollar, the 2 Japanese nationals were released when the US Treasuries were valued at $5000 not $500 Million :rolleyes:

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
(in billions of dollars)
HOLDINGS 1/ AT END OF PERIOD

http://www.treas.gov/tic/mfh.txt
Look at the link, then look at the UK, WTF? :confused:
Department of the Treasury/Federal Reserve Board May 15, 2009

1/ Estimated foreign holdings of U.S. Treasury marketable and non-marketable bills, bonds, and notes
reported under the Treasury International Capital (TIC) reporting system are based on annual
Surveys of Foreign Holdings of U.S. Securities and on monthly data.
2/ United Kingdom includes Channel Islands and Isle of Man.
3/ Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.
4/ Caribbean Banking Centers include Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama.
Beginning with new series for June 2006, also includes British Virgin Islands.
5/ New series reflect new benchmark survey taken in this month. Estimated positions based on the previous survey are shown for comparison.

Japan's Marshall Plan: Write off US Treasury holdings

http://seekingalpha.com/article/112261-japan-s-marshall-plan-write-off-us-treasury-holdings

BLOOMBERG - Japan Should Scrap US Debt.
http://www.bloomberg.com/apps/news?pid=20601080&sid=aFgHlh.Dn4Lc&refer=news

A Bloomberg report quoting Akio Mikuni president of the rating agency Mikuni &Co. provides a possible way out of the current mess. While he speaks paricularly with respect to Japan, his suggestions can be implemented by other countries which have a major dependence on US for its exports and are heavily invested in US treasuries. He says:

  1. Japan should waive or write-off US Treasury holdings as it is likely that US government will find it extremely difficult to service them.
  2. Given the size of its budget deficit and the potential amount of borrowing it needs to do will put tremendous pressure on the dollar, which he sees at 50 to 60 Yen if such measures are not taken.
  3. Japan also should invest in the infrastructure, roads and bridges that the US plans to help create jobs and support personal spending.
  4. Such an 'out of the box approach' is only likely to save countries like Japan which are dependent on US consumers. In this sense it is a current sacrifice to protect the long term interest of the Japanese economy.
This sounds very interesting and if implemented could be challenging for Japan (it has $976.9 billion in foreign-exchange reserves). China may be better placed, but given the political angle this may not be possible. The US, it appears, has to be 'doled out' while its government is busy ''bailing out'! Watch out, as any such move may bring life back to the markets.
 
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How can two people be smart enough to acquire $134 billion but stupid enough to hold it in U.S. treasuries?
 
Got one word for ya:

Vatican

EDIT: Scratch that. See my hypothesis a few posts below.
 
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Thank you. I too, am not clear what they were doing wrong. Can't they sell their shit?

They didn't register the bonds when they entered the country. It's not really any different than registering/declaring a large amount of cash in your luggage when you come through Customs. So the failure to register them equals attempted money laundering under Italian law with a penalty of 40% seized by Italy. Nice chunk of change. I bet the bonds end up in Pope Benedict's mattress.
 
I bet the bonds end up in Pope Benedict's mattress.

You saw this news then?

JERUSALEM – An Israeli woman mistakenly threw out a mattress she said had almost $1 million inside, setting off a frantic search through tons of garbage at a number of landfill sites on Wednesday. The woman told The Associated Press that she bought her elderly mother a new mattress as a surprise present on Monday — and threw out the old one.

The next day, she said, she remembered that she had hidden her life savings inside the old mattress. "I woke up in the morning screaming, when it hit me what happened," said the Tel Aviv woman, who asked not to be identified.

She went to look for the mattress, but it had already been hauled away by garbage collectors, she said. Searches at three different landfill sites turned up nothing.
 
OK so what are odds? Seriously...what are the odds of this shit being a coincidence? All the TARP money is being paid back. Was someone trying to make off with the left overs for a quiet deposit into a Swiss bank account? Or maybe hand them over to a foreign central bank to use to keep buying new Treasuries?

http://www.asianews.it/index.php?l=en&art=15456&size=A
06/08/2009

Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland.


http://online.wsj.com/article/SB123828522318566241.html

3-30-09
WASHINGTON -- The Treasury Department said it has about $134.5 billion left in its financial-rescue fund, giving the Obama administration a cushion as it implements expensive programs aimed at unlocking credit markets and boosting ailing industries.

EDIT: Hmm, this gets more interesting the more I look into it. Very soon after this went down, Japan released a statement that its trust in US Treasuries is "unshakable".
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMqRFNo4uSgY
Now the timing of that report is interesting because it means one of two scenarios, neither of which are good. Either these Japanese smugglers were trying to dump 20% of Japan's USD holdings under the table and the "unshakable" report is meant to try to save face after getting busted OR Japan didn't get the memo about the seizure in time to spike the statement. In the latter instance, it's really easy to have "unshakable" trust when the Fed/Treasury is quietly handing you TARP (US taxpayer) money to use to buy new Treasuries, therefore not risking your own money, and keeping the illusion that the game is still going strong. Also notice that Yosano's statement was released prior to a summit of G8 finance ministers being held in ITALY.
 
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We've been watching the FED closely for 18 months, trying to do the 'reverse engineering' of where the funds are going IN & OUT.

Using contacts, info, press releases, money trails, and smoking guns... it was apparent the FEDERAL RESERVE was doing a lot of Covert, Fraudulent, and downright Unconstitutional money and asset movements.

I've always called out ALL their illegal wranglings with funds going out of the country and overseas. Check all my prior posts on the FED ;)

Much more than a coincidence
, the MSM has completely buried this story, along with a well execute banking and government plan on T-Bill purchases and international press releases. All well prepared and covered, just like the good ole boys in the CIA and the WH's Department of Propagnada.

Yet the people who question all this, are considered: Enemy of the State

When neighbors and colleagues keep stating, It's too late, I always try to convince them otherwise, but the past year and especially the past 24 hours of the; the US Treasury, The FED, US government, MSM , foreign governments, and all the BANKING systems are in complete control over people and the planet. Where's that grafting dipshyt, Maxine Waters and her 'Masters of the Universe' Crap

The Propaganda is getting downright saturating these days. George Carlin was so correct... THEY OWN YOU, ME, ALL of US.

Look what happen to Qwest when the executive staff denied the US government/NSA to wiretap Americans... The US Government Conjured-up accounting fraud and indictments on some paif 42,167 of the IRS tax code bullshyt. I'm glad to see at least Judge Napolitano brought this exact situation up on FOX BIZ.

OH, on a low note... LARRY SUMMERS has an economic meeting at 11:15AM with CFR members.

OK so what are odds? Seriously...what are the odds of this shit being a coincidence? All the TARP money is being paid back. Was someone trying to make off with the left overs for a quiet deposit into a Swiss bank account? Or maybe hand them over to a foreign central bank to use to keep buying new Treasuries?

http://www.asianews.it/index.php?l=en&art=15456&size=A
Quote:
06/08/2009

Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland.

http://online.wsj.com/article/SB123828522318566241.html

Quote:
3-30-09
WASHINGTON -- The Treasury Department said it has about $134.5 billion left in its financial-rescue fund, giving the Obama administration a cushion as it implements expensive programs aimed at unlocking credit markets and boosting ailing industries.
EDIT: Hmm, this gets more interesting the more I look into it. Very soon after this went down, Japan released a statement that its trust in US Treasuries is "unshakable".
http://www.bloomberg.com/apps/news?p...d=aMqRFNo4uSgY
Now the timing of that report is interesting because it means one of two scenarios, neither of which are good. Either these Japanese smugglers were trying to dump 20% of Japan's USD holdings under the table and the "unshakable" report is meant to try to save face after getting busted OR Japan didn't get the memo about the seizure in time to spike the statement. In the latter instance, it's really easy to have "unshakable" trust when the Fed/Treasury is quietly handing you TARP (US taxpayer) money to use to buy new Treasuries, therefore not risking your own money, and keeping the illusion that the game is still going strong. Also notice that Yosano's statement was released prior to a summit of G8 finance ministers being held in ITALY.
 
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$3.3 TRILLION held by FOREIGN Entities!

TREASURIES-2.jpg
 
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If those bonds turn out to be real, those two might consider not going home anytime soon. Someone is not going to like loosing 40 Percent of that kind of money.

It will further be interesting who the bonds belong too. Note our media doesn't report on this.

If the bonds are fake then there is a story there on who was trying to palm off 134B in fake bonds.

The 10K declaration has been around quite a while. You have to declare if you have 10K or more in money when going international. I remember it back 20 years at least.
 
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