http://seekingalpha.com/instablog/4...p-135-billion-in-us-bonds-on-the-black-market http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agTTqVJ0rhJI
Blogger stupidity never stops. Central banks DO NOT issue bearer bonds to each other. What would be the point, other than creating a huge security problem? Central banks go through their clearing networks. If anything, they are the least likely candidate for using bearer bonds. There is zero evidence that large bearer bonds have ever been issued by one central bank for inter-central-bank uses. Yet this guy assume that it's a fact. Of all the conspiracy theories on this one, not a single one has ever quoted a credible source that backs up the existence of these bonds. (Moreover, how the hell do you liquidate 136Billion in the private market? What are you getting paid with? more bearer bonds?)
If these gigantic bearer bonds existed then why criminals use â¬500 EUR bills, diamonds, etc in order to transfer money via airplanes? All they would have to do is to take a $1m US bond put in his wallet and do the transfer. The US government would shutdown this game very quickly
Hi chinaman. You do realize we all know YOU DON'T MAKE SQUAT from the markets. Asiaprop my ass. With Swifts 95/5 split in China, you're more like asianslavelabor. Stick to what you do best. Selling rice noodles at your corner street stall.
What a pity he has never had the opportunity to travel, work, or live in Asia. For him Asia is rural Chinese workers. By the way those Chinese workers become this year the most important market for Porsche after Germany. Guess of what sign the slope of your economy vs. the one of China is? ;-)
it is an old story with american posters. they also slur canadians. i suppose it is difficult to be part of a fading empire.. china's big mistake was to accumulate all this crap american treasury paper instead of reinvesting it immediately into hard assets. now they are trying slowly to let out the air from the balloon in order not to lose their investment.. do no be to hard on these posters. they are products of an educational system which graduates students who are barely literate.
Fully bearer bonds (Principle and interest) have been illegal in the U.S. since about... 1986. This was enacted to stop money laundering. All bonds issued (or re-registered) in the past 20+ years in the U.S. have at least registered interest payments (and most are registered principle). So this idea of T-bonds smuggled in a suitcase belongs in a bad 1970's James Bond movie.
Have not actively followed up but I read in the Nikkei newspaper today that most of the documents turned out to be fake. This news may already be out there but am still curious about more details. What took them so long to figure out and who is behind all of this....
Properly nothing. News that "a bunch of fake looking papers turned out to be fake" isn't exactly front line news. Only a small handful of news sources actually tried to make a big deal out of it - and I doubt very much they are in a hurry go back and tell everyone they were wrong