Two Japanese Smuggle 135 Billion In Bonds Into Italy

Discussion in 'Stock Market' started by Mad Scientist, Jun 12, 2009.

  1. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Italy seizes 135 Billion in Bonds from two Japanese citizens. WTF?

    Italy seizes $135B of US bonds from two Japanese citizens - International Business Times -
    What the heck would that be all about? Why would they be trying to smuggle that amount of money? Are they trying to affect the markets, or the dollar, in some way? Maybe Japan want's to dump some of our debt without crashing the dollar?
    Would the Japanese Yakuza or Italian Mafia have that kind of money? I don't think so.
     
  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    There is speculation that China is going to offload their dollar holdings and convert it all to precious metals and comodities. The Japanese fear that possibility and it could be that several banks want to convert on the quiet. How they got caught in Italy without courier papers is beyond me.
     
    Last edited: Jun 14, 2009
  3. Toro
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    Toro Diamond Member

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    If there are rumors that China is going to dump all their dollars for commodities, sell all your commodities to those people and buy dollars because that ain't happening.
     
  4. Neubarth
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    Neubarth At the Ballpark July 30th

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    Toro, I will believe what you say when I don't see it.
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    I was this close to liquidating my 401K and buying Gold. I honestly don't know what to even think now.
     
  6. Toro
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    Toro Diamond Member

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    Well, I've told you that the Dow isn't going to 3000 like you've said, and that has not happened.
     
  7. Epsilon Delta
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    Epsilon Delta Jedi Master

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    This is a job for 007.
     
  8. rdking647
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    rdking647 VIP Member

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    The bonds were fake. The supposodly were "kennedy bonds" issued in the 1930's. And they were in denominations the government never issued
     
  9. wimpy77
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    wimpy77 Member

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    yes the bonds were fake.
     
  10. editec
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    editec Mr. Forgot-it-All

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    $500 million denominated bonds?

    How does one cash those in, do you suppose, without somebody noticing?
     

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