- This is a strange case which the MSM is not reporting. If the bonds are real, the question is: which government is trying to offload them? Only governments have such great amount of bonds. 3 comes to mind: Japan, Russia and obviously China. If these bonds are fake, this is the biggest counterfeit operation by far.
- Japan Today reports :
ROME — Two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday. The Japanese consulate general in Milan confirmed that the detention had taken place and said it was trying to confirm with Italian authorities whether the two were indeed Japanese nationals and their identities.
According to the report in il Giornale, two unidentified Japanese in their 50s concealed the bonds, including 249 U.S. Treasury bonds each worth $500 million, in a suitcase with a false bottom that was searched by the Italian authorities June 3 when they were in Chiasso, at the border with Switzerland, about 50 kilometers north of Milan. The daily did not say on what charges they have been detained, but the two may have been detained on suspicion of attempting to take a large amount of securities out of Italy without declaring it because the paper said they had not declared the bonds.
- Peter Schiff gives his opinion on the financial markets in the past few weeks. Will inflation pose a problem? Are bond yields rising because of economic ‘green shoots’?