http://finance.yahoo.com/news/italy-police-seize-6-trillion-144806660.html I really have to wonder who these crooks think they are going to sell these bonds to.
Things are going to get desperate in the EU. The headlines coming out of the region are of significance. Spain using old currency, the Greek riots, Presidents (German) and other heads of state resigning, bond issues and other massive financial shortfalls. The world does not need the EU. It has no place in todays modern human culture. It is a hindrance to all of humanity. Socialism is not sustainable. The Americans are not going to pay into their ponzi system and the Chinese want to break the EU market for a brand new bunch of consumers. When the European nations let go go of the control of the Middle east and Africa the game was over. They also have a not made in roads into gaining new member states. Poland Switzerland and the UK have been wise not to join the EU. Welcome to Planet Misery, Akuma
Museum Robbed at Greece's Ancient Olympia http://abcnews.go.com/Entertainment...greeces-ancient-olympia-15707043#.Tz52A04gdDs
If you wanted to put on a detective hat, a good place to start digging for clues would be the article referenced in a thread i started several days ago with 157 views and no responses. For those bonds to be worth anything more than souvenirs, they have to be redeemed by the rightful owners. Even then, they may not be honored because, typically, 20% of them would be made out to be counterfeit by the issuing authority (the Fed), using gimmicks such as mispelling semi-common English words, something the original issuee (owner) would not have been able to recognize if their language was not English. That would permit 100% of them to be seized, and/or the redeemer thrown in jail for attempting to negotiate counterfeit instruments. These kind of bond caches were never intended to be honored, and so this cache was more than likely destined to be taken out of circulation, stolen from it's rightful owner, to be destroyed by the authority most responsible for them...the issuing authority or an agency of it. The guys caught with them would probably have been duped into thinking they could receive a payoff for delivering what was probably stolen. They might have been paid, had they not got caught, for delivery...not for the printed value of the bonds. In that kind of game, there probably isn't going to be much honor among thieves, and for all we know, elements in the Italian government may want to drive their own bargain. They can't redeem them, but they may be able to make them go away, or worse, sent back to the rightful owner. It could also be uninformed (people doing their job) elements within the Italian system who may not have known it was in Italy's best interest to let those bonds go through. On the intended receiving end, there may have been a bank, such as the Bank of International Settlements in Switzerland, who would have been interested in confiscating them. That is, from a reading of the referenced article above, they would seem to have the most to gain from their disappearance from the face of the earth.
Having now read the entire article, this is a recent development, and not necessarily a reference to the incident in Chiasso, Italy in 2009 where 134 billion in bonds was seized (or 754 billion depending on whose writing the article). What struck me about this article is that these bonds were seized IN SWITZERLAND...FROM A TRUST ACCOUNT...allegedly in cooperation with U.S. and Swiss authorities (in addition to Italian authorities). As mentioned in my first response, the Fed and/or an agency in Switzerland, such as the Bank of International Settlements, would be very interested in making such caches of bonds disappear from the face of the earth, and that their disappearance may also be in the best interests of Italy. In 1934, boxes, looking very much like treasure chests, were issued by the Fed in exchange for gold, redeemable 60 years in the future, which would have been 1994. These boxes had a little scroll on the inside said to contain the Treaty of Versailles. Perhaps that made them seem more authentic to whomever took them in exchange for their gold. According to an article i posted in another thread, these types of treasure chests would've been as much as 20% seeded with misspelled words...whatever might later indicate some - and therefore all - of them were fake. In addition, same issuing authority may have been involved in the manufacture of entirely fake treasure chests upwards of three fakes for every one authentic, to further confuse the issue, and invalidate the whole lot. These are fakes, according to the article linked by peilthetraveler. But think about it, a stash of fakes in a Swiss trust account is not a threat to the players who seized them. They are worthless except to the owners of the bonds, who must submit them for "negotiation" to redeem the gold they stand for. There isn't a single bank who would "cash" them without doing *due diligence* to see if they are even authentic. And who, besides the issuer (ie. the Fed) be able to honor them anyway...even if it intended to do so? The Fed knows all too well which of these bonds are fake, and which are, how shall we say, legal tender. Is it against the law to possess (in a Swiss trust) fake instruments such as these (if they were fake)? I'm not sure. But the normal point of seizure would be the moment a forger tried to negotiate their redemption with a bank affiliated with the issuing authority (the Fed and/or an agency such as the Bank of International Settlements). Indeed, the normal point of seizure would be the moment the rightful owner of the bonds came in with the physical instruments, because these were never intended to be honored. There was never a danger that these bonds could ever be "passed" as legitimate currency...unless they were actually, uh, legitimate. What needs to be suppressed, with debts this size, is that they ever existed in the first place as legitimate instruments, at least at the face value given them by the Fed. What needs to be seized are bonds that can be authenticated and shown to be owned by their legitimate owners (those countries that took the bonds in lieu of their gold in the 30's), in values (plus interest) that could break whoever issued them, or in whose name they were issued (ie. the U.S.). Edit: I mentioned they are worthless except to their rightful owners. Not exactly. A lot this size might be worth only about $80,000 to a non-owner. So let's say you have this many bonds in your possession. Even if they are authentic, if you don't own them, they may only be worth $80,000 to someone else, someone dumb enough to want to have them in their possession, or someone interested in their value as some kind of souvenir. Likely they would be worth less as fakes. According to the article i posted in another thread, someone did loan someone else about $76,000 and received a ton of these bonds as collateral. And that's because whomever had them, understood their relative worthlessness...if they are not in the possession of the rightful owner...and even if they are! So this whole thing about needing to seize (from a Swiss trust) something that is relatively worthless to a non-owner seem to me to be part of a disinformation campaign. And who has the power and will to seize anything from A SWISS TRUST anyway? How have the normal safeguards insuring privacy and security of Swiss accounts been circumvented, or otherwise overpowered? Who has that kind of authority?
Obviously this kind of scam works somewhat in the fact that so many bonds were printed. I mean it seems at least once per year someone is caught with a huge dollar amount of bonds like this article from 10 years ago where someone was caught with $2 trillion in bonds. http://news.bbc.co.uk/2/hi/asia-pacific/1180171.stm Some of these people must be getting lines of credit at banks and using these bonds as collateral. I suppose if you got a line of credit and funded a business venture and always made your payments on time, nobody would ever be the wiser.
Nobody is scamming anybody, except those who issued the bonds in the first place. In 1934 the Fed issued bonds with denominations of 100 Million, and put several bonds in boxes that were then packed into what looks like a treasure chest, including a little scroll said to be the Treaty of Versailles. If you recall, this is about the time the U.S. made it illegal to hold gold, and U.S. citizens had to turn it in for whatever was offered ($35 ounce?). Globally, a similar program was underway. You could turn in your gold and get these bonds in return...or else have it taken away by the Japanese. Between a rock and a hard place, China sent seven battleships full of gold back to the Fed in return for these bonds. Heck, even Japan was sending gold over to the Fed! WWII finished the collection process such that most of the world's gold was consolidated under a central control, and taken off-market (hidden). So, about 90% of the world's gold is "black", and serves as the standard for a black market. The bonds functioned as bait, to entice an otherwise reluctant contributor to go along with a program of gold centralization. The value of the bonds issued may have exceeded the value of the gold at that time, and, as more bait, 33 coupons were attached to them, one of which could be turned in every year to receive 4% interest. The holders eventually became aware that these bonds were not going to be honored. For one thing, as many as 20% of the bonds contained errors (ie. spelling errors) that would disqualify them, should the holder try to redeem the bonds for the original gold. If ANY of the bonds were found to be in error, the whole lot could be trashed as "fake". To further devalue the authentic bonds (those that were exchanged for gold), entire lots were faked, and packaged in these boxes. And ever since they were issued, throughout WWII, there has been a campaign to retrieve and dispose of the authentic bonds. Producing lots of fake bonds serves to devalue the authentic batches of bonds...as intended. As news-consumers, we are being programmed to think of any bond issued in 1934 as "fake". It's working so well that none of us are asking: If these are fake, then where are the authentic bonds? How many 100 Million denomination bonds were originally issued? To whom? Why? If they were 60 year bonds, they would have come due in 1994. If they were 30 year bonds, they would have come due in 1964. The operation designed to debunk whatever authentic bonds survived theft, would be at least that old. I doubt anybody is "caught". More like, stashes of fakes are being periodically paraded in the press for our consumption. Among the fakes may be authentic bonds (those that were exchanged for gold), but also labeled as fake by their association/proximity with fakes. The value of the original authentic bonds is being systematically destroyed/devalued. Theft of these kinds of bonds would not be profitable except to the issuing authority (ie. the Fed). There is NO MARKET for COUNTERFEIT BONDS of this type: 1934 100 Million denominations. No bank will take them as collateral for the same reason no bank would cash them! Banks aren't stupid. If you take a 100 bill into Bank of America, they are likely to scan it or use some special pen on it to make sure it's not fake. How much more with a 100 Million bond? First of all, to counterfeit a bond of that size, you need to be faking something that already exists. If you are planning on defrauding a bank, you have to be damn sure that the bank is fully aware that such things actually exist, and that some of them are authentic. Even then, why would any bank not do *do diligence* before "cashing" such a bond...even if it could! No, these bonds are meant to be taken to the issuing authority, to a branch of the Federal Reserve to be redeemed. What bank is going to take your 100 Million bond, cash it, and then turn around and ask the Fed to reimburse them...before they even contacted the Fed to make sure the darn thing is even authentic? No, these bonds, if fake, have ZERO value except as souvenirs. They may not even be redeemable except by the original owner, or trustee of the owner. There is simply no market for counterfeits of this sort. Counterfeit $100 dollar bills? Sure. $100 Million 1934 bonds? NO! So as mentioned, the fakes that are diluting the value of the originally issued bonds have been manufactured by the issuing authority to insure that NONE of the bonds will ever be honored...as originally intended. This, of course is according to information i gathered from a series of articles that i pointed to in this thread. But even without that article, the kind of questions i've posed here ought to be easy to ask, and the logic should be easy to follow.
The article you quoted describes events in the Philippines going back to 2001 and earlier. Two TRILLION dollars worth of bonds. A year earlier, 2000, it says 60 BILLION coming from the same area, and another 50 BILLION a month before that...all said to be "fake". Let's take a closer look: "David Popp of the US Treasury Department said the fakes were of very good quality, but some of the bond denominations did not exist. " Ok, so which of the bond denominations DID exist? "Good quality"...compared to what? Here's another question, who, besides anyone at the US Treasury or connected with the Federal Reserve, could be considered knowledgeable enough about these sorts of things to be able to say what is a fake, and what is not? Of course, they are the first authorities we would think to ask about such things. But so far, every bond ever paraded across the press has been declared a "fake", which make me wonder if we aren't asking the wrong departments. These departments are MOST liable, if any of these bonds were declared to be authentic. So, what market is there for these kinds of bonds? "'"We know they were selling some bonds to very curious buyers - businessmen in the area,'' he said. Last year, police seized more than $60bn in fake US bills, treasury notes and bonds. They apparently were being smuggled out of the country for sell abroad. " Apparently? And, what kind of "businessman" would buy a bond of 100 Million or even 250 Million denomination? For how much? I think it would be safe to say no businessman would pay anything even near face value to anyone in a small town in southern Philippines. Suppose a businessman did buy a 100 Million bond from someone in a "house" in southern Philippines. Who would the businessman sell it to, in order to make a profit? What kind of *front* would the businessman need to craft, in order to make these bonds appear to have more value than they would appear to have, coming from a house in Cagayan De Oro? Wouldn't the businessman at least need to appear to be a bank, or even to actually BE a bank? None of these "businessman" scenarios seem plausible to me, so i'm willing to categorize the whole "businessman" angle as SPIN. "Curious buyers" seems more plausible. If I was in Cagayan De Oro, i'd probably give $100 for a bond, regardless it was authentic or not...IF it was "good quality", ha ha! The bonds value to me, at $100, would be based on the fact that there was a time and place, where such bonds WERE authentic, and i'm taking home a bit of legend and lore. Authenticity would hardly make the bond more valuable under the circumstances...unless i thought i could find the original owner of the bond, and receive a finders fee. In Cagayan De Oro, i could also probably buy a fake Rolex for $20 that actually works. Does that mean there were never any authentic Rolex watches? But even if i could get a 100 Million bond for $100, it may not be worth it because these things are likely to be *toxic* whenever trying to cross a border (airport etc.). So the fake Rolex market is likely to be more robust in Cagayan De Oro, and the fake bond market is likely to be ZERO, except for small, common denominations. I spent time in the Philippines in 1997, and was approached with what was probably a scam that i'll briefly describe to you. Someone, who had done *due diligence*, had discovered one of the places where the Japanese army had hurriedly buried a lot of gold, as they were being expelled from the Philippines, and while sea lanes back to Tokyo had been cut by the US Navy. What the man needed from me, the tourist, was about $6000 in order to continue his mining endeavors...to dig through the next obstacle that was keeping the gold hidden underground. And of course, i would be paid in gold when it was finally excavated. This scam has traction because of the commonly accepted lore that there are indeed such caches of gold, and that Marcos had discovered one or more of them. It was appealing because his due diligence was described in detail, and the value of the gold can mostly be salvaged even if it was melted down and sold for its weight. In retrospect, the location of any such caches would be well-known to the global cabal that controls the gold hidden therein, and uses it as a basis for a black market. And that would explain why, even then, any story about the extraction of such gold included a story about how someone had died trying to get to it. A bond scam, however, doesn't have even near this much traction, however risky. Unlike gold, the bond is hardly salvageable, even if authentic. So why are they regularly finding "fake" bonds? One reason could be that during WWII, a plane from the US Air Force (a bomber?) went down in southern Philippines containing a cache of these bonds, and was found by tribesmen. The article you quoted wants to paint that story a fake as well: "''Very frequently these fraudsters weave a tale that there are these long-lost Federal Reserve bonds hidden away or found in a plane crash,'' he said. " This is probably the truest aspect of this alleged "scam", which gives traction to whatever bonds are being sold from the southern Philippines, at whatever small price. This aspect of the story is confirmed true, according to the article i posted here, in another thread. Those bonds, if dated 1934, would not have been in the process of delivery to a gold-owner. Those would have been the bonds that were, during the chaos of war, being taken back from from their legitimate holders, as part of a black ops program to destroy or otherwise devalue them through the manufacture of fakes. (Kind of like the way the Fed devalues our current dollars by printing more money out of thin air). Most likely, the bonds in the southern Philippines were being held in hopes the legitimate owners would come knocking in exchange for a finders fee, before the black ops operation caught up with them. In this case, imo, black ops caught up with them before they could find the owners. They could be fake, because the black ops have always been involved in making fakes, to devalue (if unable to destroy) the original lot of 1934 bonds, issued to various heads of state in exchange for gold that was in danger of confiscation (ie. by the Japanese) anyway. They could be authentic, having been en-route (if dated during the war) to a head of state who was agreeing to take them in exchange for gold that might otherwise fall into the hands of the Japanese. They could be both! "They said the large-denomination counterfeit bonds may have been intended to be sold as part of ''lost treasure'' scam where buyers are told the documents have recently been found." If anyone can explain exactly how such a scam would work, and make it sound anything like the gold scam i described above, maybe this would be plausible. But at face value, this story does not seem plausible to me. There is simply NO SERIOUS MARKET for that kind of "treasure", except for it's place in history as a fraud perpetrated by the Federal Reserve. The market, if in any way significant, would be to the occasional Indian Jones who thinks he can find the original holder for a finders fee (before black ops catches up)...who themselves would be facing an uphill climb to have the bonds recognized, acknowledged, and redeemed. Risky business indeed. A curiosity-seeker market is not going to be significant (also not plausible), nor worth the work and risk of counterfeiting such documents. According to the article i've pointed to, a viable owner has recently filed (last November?) a suit in a New York high court, using a high profile lawyer...trying to have their bonds recognized and acknowledged. This case, some believe, will blow the whole lid off this whole sordid business.
Here then is the actual complaint (see attached PDF), filed on November 23, 2011, in United States District Court, Southern District of New York. Ok, it appears i can't upload the whole 20 MB PDF file (114 pages) so i'll just start looking at some of it's parts to get a better idea how to interpret the recent press releases. Here, BTW, is a picture of the bonds siezed in Italy in 2009. It appears, from the complaint, that these bonds may have been stolen from the plaintiff. Here i'd like to look closer at it to get a better idea of what has been going on, and also to give a perspective about the most recent news releases about 134 Billion in bonds siezed in Italy in 2009, and another 6 Trillion, taken from a Swiss bank account just this month (February 2012). Court: UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Plaintiff: NEIL F. KEENAN, Individually and as Agent for THE DRAGON FAMILY, citizens of foreign states Plaintiff's attorney: Bleakley Platt & Schmidt, LLP Defendants: 1.) DANIELE DAL BOSCO, a citizen of a foreign state, 2.) THE OFFICE OF INTERNATIONAL TREASURY CONTROL, a foreign corporation ("OITC"), 3.) RAY C. DAM ("DAM"), individually, and as President of OITC, DAVID A. SALE ("SALE"), individually, and as Deputy Chief of the Council for the Cabinet of OITC, the UNITED NATIONS, 4.) BAN KI-moon, individually, and as Secretary General of the UN, 5.) H.E. Ambassador CESARE MARIA RAGAGLINI, Individually, and as Permanent Representative of the Italian Mission to the UN in New York, 6.) H.E. Ambassador LAURA MIRACHIAN, Individually, and as Permanent Representative of the Italian Mission to the UN in Geneva, 7.) the ITALIAN REPUBLIC, 8.) the ITALIAN FINANCIAL POLICE, 9.) Former Prime Minister of Italy, SILVIO BERLUSCONI, 10.) THE WORLD ECONOMIC FORUM ("WEF") a foreign corporation, 11.) WORLD ECONOMIC FORUM U.S.A., INC., 12.) GIANCARLO BRUNO, individually, and as Head of the Banking Industry of WEF, 13.) and various unknown individual co-conspirators, JOHN DOES A-Z Description of the case: NATURE OF THE ACTION AND JURISDICTION 1. This is a civil claim arising out of the concerted, knowing, malicious scheme and international conspiracy engaged in by the defendants for the designed purpose of defrauding plaintiff KEENAN, the designated Agent of his Principal, the "Dragon Family," for the express purpose of expropriating, stealing and converting certain negotiable financial instruments lawfully owned by the Dragon Family and entrusted to KEENAN in early 2009. These assets (hereinafter referred to as the "Dragon Family Financial instruments" or the "DFFI") had been intended for participation in select, registered and authorized Private Placement Investment Programs (or "PPPs") for the benefit of a wide range of global humanitarian purposes. At the time of the criminal and deceitful acts of the Defendants, the approximate face value of the stolen DFFI was One Hundred Forty-Five and One Half Billion ($145,500,000,000.00) United States Dollars with an approximate accrued interest value of One Trillion ($1,000,000,000,000.00) United States Dollars. 2. The stolen DFFI, which had been entrusted to KEENAN in early 2009 by the Dragon Family, are comprised of the following: (i) Two-Hundred Forty-Nine (249) United States 1934 Series Federal Reserve Notes (or "FRNs") which, according to a Federal Reserve System Inventory List (SC1226-71-DOO4-D45184101 A) prepared at the time of issuance, were contained in "Box No. D 45184101 A" bearing Bond Nos. "D 45184101 A- D 45184350 A" (one sheet No. D 45184349 A missing) each with a face value of $500 Million ($500,000,000.00) United States Dollars in the total amount of One Hundred Twenty-Four Billion Five-Hundred Million United States Dollars ($124,500,000,000.00). (a) KEENAN does not have personal knowledge of the circumstances which gave rise to the original issuance of any of the DFFI. The knowledge he has obtained is based largely upon the representations made by Mr. Akihiko Yamaguchi (hereinafter, "Yamaguchi"), Signatory of the Dragon Family, in various documents Yamaguchi has executed over the years in connection with his attempts to place the DFFI into legitimate PPPs in furtherance of the Dragon Family's objectives to provide humanitarian global assistance when and where needed. (b) Upon information and belief, between 1927 and 1938, as a result of arrangements made between China and the United States, the United States purchased some 50 million ounces of silver and leased vast amounts of gold from the Nationalist Chinese Government, known as Kuomintang. During this period, China was partly occupied by Japanese troops and there was a fear of China being overrun by the Japanese. (c) Upon information and belief, in return for the precious metals delivered by the Chinese, certificates were given pursuant to private agreement made between China and the United States. These certificates became the underlying funds of the Kuomintang. (d) Upon information and belief, following the promulgation in 1934 of the Gold Reserve Act, the law required all bullion gold and gold coin to be surrendered to the Federal Reserve, a private corporation that is chartered to operate as the Central Bank of the United States and the issuer of the United States Dollar. (e) Upon information and belief, domestically owned gold was purchased. Foreign Gold held by the Treasury was also surrendered to and thus leased to the Federal Reserve, which resulted in the issuance of the series of 1934 Notes by the Federal Reserve. These Dragon Family FRNs have never been redeemed and, upon information and belief, the accrued interest was met by the subsequent issue of certain 1968 series of Kennedy Bonds and later further issues of the 1934 series FRNs which, upon information and belief, were issued through the period of the Chinese civil war to assist Kuomintang operations in China and later in Burma. These 1934 FRNs guarantee the lease payments and helped to allow the Chinese Government to continue financially. KEENAN has no personal knowledge as to whether the FRN s with which he was entrusted were original or subsequently issued Notes. (f) Upon information and belief, this gold was documented into accounts through the Union Bank of Switzerland, placed under protection of the Swiss Attorney General, registered through the Swiss National Bank:into the Bank for International Settlements ("BIS") International Collateral Combined accounts and then from within the BIS, blocked to form the Institutional Parent Registration Accounts of the Federal Reserve System. (g) Upon information and belief, and in accordance with procedures that would be expected to occur in the event the Note Holder of record wished to redeem it, the Holder would do so by first remitting the number of the Note to the Federal Reserve with a major project or a list of projects for approval. Once the projects have been approved, the Note would be recognized and the Fed system would then make arrangements for the Note to be deposited into a bank which would provide a specific credit line, perhaps of 30% up to 80% of the face value. The Fed system would then provide immunity to the Holder to present the Note at a specific Bank where a Credit Line has been pre-arranged. Attempting to present these Notes outside this system will see the note arbitrarily denied and the illegal presenter incarcerated. (h) Upon information and belief, in order to effectuate this process, the Notes were printed to appear as if they were not produced from official origin and bear obvious imperfections, therefore easily deniable. However, when proper procedures are followed, the number of the Note and other linking identic data allows ultimate authentication and verification through the Federal Reserve System screening process and the presenting of the Note under the immunity shield allows effective use.
As you can see, from the information i've gathered so far (this is just a fraction of the description of the case) the bonds siezed in Italy in 2009 and called "fake", apparently have a legal owner, who is just now filing a formal complaint in New York. As you can see, the long list of defendants, would, if they are connected and involved, comprise a conspiracy at some very high levels. Also note section (g), which describes the redemption process of such bonds. No one but the legitimate owner is going to make it through this screening process, and therefore, there is really NO MARKET for counterfeit bonds of this sort. Anyone attempting to defraud the system is likely to be caught somewhere at the beginning of the screening process, and incarcerated. Section (h) discusses the imperfections introduced into the original lot by issuer (the Fed) as a ploy to render the whole lot irredeemable. Section (b) reveals why the "Dragon Family" took the bonds in the first place, in exchange for their gold.