Italy Seizes $135 BILLION Of US Bonds

[Oddball]

Just came in over the transom.

Anyone heard of this one??

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. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.

The question now is whether the bonds are real or counterfeit

<snip>

If they're real, what government (the only entity that would have such a cache) is trying to unload them?

If they're fake, this is arguably the biggest counterfeiting operation ever, by a factor of many times. I've seen news about various counterfeiting operations over the years that have made me chuckle, but this one, if that's what it is, is absolutely jaw-dropping.

Italy Seizes A Ridiculous $135 BILLION Worth Of Smuggled US Bonds

 

[Sweet Willy]

Be interesting to find out the deal. Wouldn't be surprised if anyone was unloading US treasury backed instruments at this point. The Treasury had to pull the plug on the market last September to stop a run. There is no shortage of players that want out.

 

[Oddball]

This is bad either way....Much worse if they're real.

 

[Yurt]

Greetings from Milan,

This letter must come to you as a big surprise, but I believe it is only a day that people meet and become great friends and business partners. I am Mr. Shoichi Nakagawa, former Finance Minister for a Group of 7 country. I write you this proposal in good faith, believing that I can trust you with the information I am about to reveal to you.

I have an urgent and very confidential business proposition for you. In February of this year an agent of a foreign power spiked my cold medicine with opiates causing me to nod off during an important press conference. I was subsequently forced to resign in disgrace.

As my termination loomed I took the chance to retain US DOLLARS 134 BILLION in negotiable bearer bonds I found forgotten in the dusty bottom drawer of the prime minister's desk. I have since, by the grace of God, deposited these documents with trusted associates in Italy.

As I am under constant surveillance I cannot directly deposit these bonds without the help of a foreigner and that is why I am contacting you for an assistance. My associates will travel to Switzerland by train to deliver the documents to the Swiss banking organization of your choice.

If you accept to work with me, I want you to state how you wish us to share the funds in percentage, so that both parties will be satisfied. If you are interested, contact me as soon as you receive this message so we can go over the details. Thanking you in advance and may God bless you. Please, treat with utmost confidentiality.

I wait your urgent response.
Regards,

Mr. Shoichi Nakagawa

Zero Hedge: Guardia di Finanza to [Bloomberg/Handelsblatt]: Bonds Probably [Fake/Real]

 

[Mad Scientist]

Just came in over the transom.
Anyone heard of this one??

Already post by me a few days ago:
http://www.usmessageboard.com/stock...-smuggle-135-billion-in-bonds-into-italy.html