Strange Inconsistencies in the $134.5 Billion Bearer Bond Mystery

J.S. Kim
Seeking Alpha
Thursday, June 18, 2009

Here’s yet another huge financial story that has been virtually blacked out by the US financial media. Although on the surface, this story appears to be a non-event, if we consider some of the released facts about this case, you will understand why I consider it to be a huge story. On June 8th, the Asia News reported the following story:

“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 dollars each. Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.”

Here are just a few fascinating facts about this case (at least they are being reported as “facts” at this current time):

(1) Though the smugglers have been identified in the press as “Japanese nationals” there has yet to be any confirmation if the smugglers were indeed Japanese or of some other ethnicity. How difficult is it to confirm the ethnicity of the smugglers and why is this information being kept secret?

(2) According to a brief Bloomberg article regarding this story, the seized bearer bonds allegedly were dated as of 1934. Since bearer bonds in denominations of $500 million did not exist in 1934, the bonds were deduced as fake, though the Italian police are still waiting for a declaration regarding the bonds’ authenticity from the SEC. There is something truly “off” about this declaration. How can the quality of the forged bearer bonds be so meticulous that they “are indistinguishable from the real ones”, yet the people involved in the alleged forgery so ill-informed as to not date the bearer bonds with a more recent year that would not immediately identify them as fraudulent? How hard would it have been to date the bearer bonds with a more recent year? An equivalent analogy would be if an expert art forger meticulously re-created a Picasso oil canvas and then erroneously signed the work with the wrong artist’s name. This story just does not add up.

(3) The Bloomberg story also reported that there is no known existence of the alleged 10 Kennedy bonds that were discovered in the smuggler’s suitcases, each with a denomination of $1 billion. Again, this discovery defies any logical explanation. Why would expert counterfeiters make 249 bearer bonds with denominations of $500 million apiece, each indistinguishable from the real thing, and then instead of just making 20 more such bonds, decide to make 10 bonds in denominations of $1 billion a piece in a bearer bond design that has never existed? Were the alleged counterfeiters just too lazy to confirm if Kennedy bearer bonds were ever a legitimately issued security? Again, this story makes no sense.

(4) On March 30, 2009, the US Treasury Department announced that USD $134.5 billion remained in its Troubled Asset Relief Program [TARP]. The stated amount of seized bearer bonds was $134.5 billion. Coincidence?

(5) The two well-dressed Japanese men opted to travel to Chiasso on a local train normally full of Italian manual laborers commuting to Switzerland. If they were really intent on successfully smuggling these bonds, counterfeit or real, why would they not take more care to select a travel route in which it was literally impossible for them not to stick out like two sore thumbs? Again, this part of the story defies all logic.

(ARTICLE CONTINUES BELOW)

(6) The bearer bonds were discovered in a hidden briefcase compartment after a customs inspection. Again, if the bonds were indeed authentic and owned by a nation state, they could have been transported in a diplomatic pouch exempt from customs searches that would have guaranteed transport without detection.
Thus, all of the above irreconcilable and illogical points, other than the coincidence of the amount of the bearer bonds exactly matching the remaining TARP fund amount declared on March 30th, seem to indicate that not only were the seized bearer bonds counterfeit, but also that the smugglers were intent on being caught.
Before I continue, let’s review the purpose of bearer bonds.

Here is the Wikipedia definition of bearer bonds:

“A bearer bond is a debt security issued by a business entity, such as a corporation, or by a government. It differs from the more common types of investment securities in that it is unregistered – no records are kept of the owner, or the transactions involving ownership. Whoever physically holds the paper on which the bond is issued owns the instrument. This is useful for investors who wish to retain anonymity. The downside is that in the event of loss or theft, bearer bonds are extremely difficult to recover.”

If you recall the Michael Mann movie “Heat”, starring Robert DeNiro and Al Pacino, during a daring daytime armored car robbery, the criminals specifically targeted millions of dollars of bearer bonds for theft precisely because of the above qualities of bearer bonds that make them very difficult to trace. Again, due to the properties of bearer bonds, it seems highly unlikely that $134.5 billion of bearer bonds would be transported, if they were real, by two men with no security, since theft almost guarantees that they would be lost forever.

Thus far, about the only piece of information that appears to be reliable as reported by various news sources regarding this huge mystery is the remarkable authenticity of the 249 seized bearer bonds in denominations of USD $500 million. If any of the other facts, as they are being reported, are remotely accurate, then the bearer bonds were likely counterfeit. Still, the interesting part of this story, at least to me, is that the smugglers seemed intent on being caught with the counterfeit bonds. This leads me back to my previous question. What possible reason would the smugglers have for wanting to be caught? One of the quickest ways to sabotage and usher in the death of a currency is to raise legitimate questions about its ability to withstand counterfeiting efforts. Prove that counterfeiting is not only possible but highly likely, and the world’s confidence in the sabotaged currency will undoubtedly plummet.

In fact, this very tactic was applied during World War II when the Nazis launched Operation Bernhard in an attempt to crash the British economy by producing, by 1945, 132 million expertly counterfeited British pounds, a figure that represented roughly 15% of all real British pounds in circulation at the time. The counterfeit pounds were produced by expert printers and engravers supervised by an SS officer named Bernhard Krueger. As well, historical evidence exists that the Allies considered launching a counter-counterfeit plan against the Nazis as well. During this time, it was also alleged that the Bank of Italy counterfeited their own money by issuing the same securities twice with identical registered numbers and codes in order. The purpose of this counterfeiting was to secretly expand monetary supply without public transparency or accountability. Perhaps then, this $134.5.billion bearer bond mystery was an attempt of a nation state to shake the world’s confidence in the position of the US dollar as the world’s reserve currency.

There should be little debate that the world’s emerging economies in Russia, Brazil, China and certain Gulf Nations are at economic war today with the world’s Western nations and their economic allies. The currency war being fought today is sure to get much uglier in the foreseeable future, in both open tactics as well as secretly executed tactics. Currently, if the currency war were the world series of poker, the US and the UK would be holding a pair of 2s and relying on nothing but bluffs to keep the rest of the world at bay. Conversely, the Chinese and other emerging nations with large surpluses would be holding straight or royal flushes, and likely quietly maneuvering to go “all in” at some point.

Given that the discovery of $134.5 billion of bearer bonds in the suitcases of two Japanese nationals in Chiasso, Italy on the border of Switzerland qualifies as one of the largest smuggling operations in history, and given the various implications of such an act and the possible players involved, the silence regarding this huge story is simply stunning. It is not a huge story, per se, because of the counterfeiting operation, because accusations and revelations of massive money counterfeiting operations have occured in the past. It is a huge story, rather, due to all the inconsistencies of the story and the potential explanations that could explain these inconsistencies. The larger story at hand is, who are the players (nations) involved, and what was the intention of this likely counterfeiting operation? Maybe the future will reveal the answers to these questions. But maybe not.

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43 Responses to “Strange Inconsistencies in the $134.5 Billion Bearer Bond Mystery”

Jim Lunsford Says:
June 18th, 2009 at 6:15 am
This is an odd thing. I remember reading this last week. None of it makes sense, just as stated here.

The Transmogrifer Reply:
June 18th, 2009 at 7:55 am
Dear Jim Lunsford et al

“Civilization” cannot operate without a good level of trust. I am having difficulty finding anyone who trusts the Rothschild octopus. I work with DOD and they are defaulting on every aspect of financial activity. I am afraid for the future. I am sixty, and wondering if my rest home will come out of the barrel of a gun or a FEMA death camp. My research has indicated that half of our Social “Security” Ponzi scheme money is going to China. Why hasn’t China gotten the pink slip for this continent yet?

pitofdoom Reply:
June 18th, 2009 at 8:18 am
It’s rather amazing how they can throw monopoly money around
as if it is power, yet “We that people” can’t even throw shit as if it’s power?

GWBUSHPIG Reply:
June 19th, 2009 at 1:30 am
They are preparing an excuse for the quadrillion dollar derivatives black hole they have brought about.
prospector Says:
June 18th, 2009 at 6:21 am
The $134.5 billion figure is going to be the key to this. Fake or real.

jg Reply:
June 18th, 2009 at 10:13 am
Yep – good prospecting.

Why act all mystified, Seeking Alpha? You’re very close but didn’t point at the Bush/Clinton Dominion bank deal in Toronto, nor the undercover tug-of-war between Vatican, World Court and Fed Res, yet you must understand this stuff. Strange. Leo Wanta could help… so could Basel III…
Troy Ounce Says:
June 18th, 2009 at 6:36 am
The German news site Die Welt informed readers that the bonds are real. http://is.gd/15l3W
Gary S Says:
June 18th, 2009 at 6:40 am
Well I don’t wish to sound ungreatful for this article, for am I indeed greatful. My only point would be to mention how is this important overall? The Federal Reserve produces fiat money 24/7. What they (Reserve and government) can’t print, they simply borrow and put the government further in debt.

So fiat bearer bonds? What do they expect to do with them? Cash them in for monopoly money?

quakergirl Reply:
June 18th, 2009 at 6:04 pm
I wonder how many times they had to go back and forth across the border before somebody tried to question them? If they were trying to get caught. I would trust the German story before i would trust something in English. The Swiss speak German and French.

Richard Fowler-Pierre Reply:
June 18th, 2009 at 6:14 pm
The U.S. dollar is not “monopoly money”.

The term “monopoly money” suggests “a unit of money that anyone can print some of, and have it be just as spendable the ones that others printed.” That characteristic does not describe the U.S. dollar or any other currency.

Let’s have a little mental discipline, folks. Without it, we don’t have much of anything! With it, success may be within reach.

RFP

Richard Fowler-Pierre Reply:
June 18th, 2009 at 6:15 pm
Correction: “Just as spendable AS the ones . . . . “

Jim Lunsford Reply:
June 18th, 2009 at 6:39 pm
You are correct. We do not have monopoly money. It is banana republic money.

David Reply:
June 18th, 2009 at 11:45 pm
This is important overall because there is power and influence on this planet and we need to know how they work. If this story was printed by the Hollywood-minded Jews of the media, there must be a reason they wanted our minds to be concerned with this detail. ‘Why?’ is the question.
flatearther Says:
June 18th, 2009 at 7:00 am
Gary ,i think the intention is to compromise the worlds trust in the american dollars security and therefore crash it’s economy,and then possibly the western worlds due to a lack of confidence in the us dollar,then china and other countries buying the US debt might stop ,then the IMF steps in to bring on the solution of a new world reserve currency in it’s step toward cashless society,using the internet to do credit exchanges,but this is just a guess,there is so many lies from birth to death in this Orwellian society these days,you would have to get a dna test to prove you were alive.

pitofdoom Reply:
June 18th, 2009 at 8:22 am
Were not “alive” we’re Memorex, at the time of Magog the Most High
shall hit rewind sending man back into the acient of times to finish his works.
Rino Says:
June 18th, 2009 at 7:07 am
Maybe a country (most likely Japan) wants to subtly signal that they could, if necessary, start to dump their us-bonds if they were forced to do so. It woudl be a political message against any attempt by the us to sink the value of their foreign-owned debt. They cannot say it openly (actually they declared the very contrary extactly some days before this event), so they say it in typical “haragei” fashion…
this would explain the odd nature of the bonds (fake, but not really fake…) and the fact that they wanted to be detected

a puzzled italian
georgeohwell Says:
June 18th, 2009 at 7:13 am
1934 was the year Joe Kennedy was appointed chair of the Securities and Exchange Commission. Old Joe was known to counterfeit stock certificates to short the market.
Much like naked short selling today.

The Transmogrifer Reply:
June 18th, 2009 at 7:59 am
Dear georgeohwell, I have long considered Joe Kennedy and family to be the most successfull gangsters in America and that they put Al Capone and Meyer Lansky to shame.
The Kennedys: big toothed, big hair American royalty with Joe advocating entering WW2 on the side of the Nazies when he was ambassador to England. I wish I were smart enough to make this shit up.

Jim Lunsford Reply:
June 18th, 2009 at 6:40 pm
They most certainly were good at smuggling scotch! But, JFK and his brother did turn out pretty good in the end. And they paid the price for it. Proving once again that no good deed goes unpunished.

Do Logic Reply:
June 18th, 2009 at 4:38 pm
For the REALLY STRANGE COINCIDENCE monitor:

Joe Kennedy Yearbook photo:

http://en.wikipedia.org/wiki/F.....nLatin.jpg

and Eddie Redmayne

http://www.lahiguera.net/cinem.....otos/4434/
Donald F. Truax Says:
June 18th, 2009 at 7:17 am
Hypothesis

This is a smuggling operation to get out of the country and into ‘other’ hands the said 249 seized bearer bonds in denominations of USD $500 million.

For emphasis, the counterfeit & ‘Kennedy’ bonds are a contamination by basic; meaning that the original and counterfeits have a basic relationship in that both are bonds. The purpose is to disguise the real transaction of the smuggling of the 249 originals bearer bonds with a contaminated forged bonds as to induce confusion “if caught” masking the real transaction.

Most of these operations are compartmentalized meaning they have several parts. In this case the ‘mules’ are sacrificed to hide the real operations in the smuggling of the 249 bearer bonds out of the country. I suspect this operation is another front operation much alike the Milken, Madoff and Lay operations disguised to hide the real fraud in stealing and moving billions out of this country.

For emphasis, there have been recent revelations that would force the criminal’s elements of this country to devise other ways to steal ‘trillions’ and these revelations are as follows:

*Federal Reserve IG not knowing where ‘Trillions’ went.

*Keeping secret the recipients of the said’ trillions’.

*Other ‘current’ fraud investigations.

It’s interesting to note that on the 11th of September 2001 records pertaining to fraud investigations at both the World Trade Center and the Pentagon where destroyed.

Moreover, the pallets of cash dropped over Iraq, and monies removed from the Federal Reserve from New York that Mike Ruppert wrote about in his book ‘Crossing the Rubicon’ can make clear these kinds of operations.

This does not include the ‘reported’ deaths of some of the major players real or otherwise; interesting to say the least.

In my humble opinion

Love “Light” and Energy

_Don

PS: http://www.amazon.com/Crossing.....0865715408

duke of omaha Reply:
June 18th, 2009 at 3:39 pm
I had heard that the book “Crossing the Rubicon” was an eye-opener book. Will have to put it on my must read book list.

Jack Francis Reply:
June 18th, 2009 at 4:59 pm
Just be aware that although all the facts in the book (Crossing The Rubicon) are crosschecked and documented well, the conclusions Ruppert reaches “it was all done for control of oil” and that it was good – are quite suspect – almost as if someone was trying to justify the murder of 3,000 by attaching a good cause to it. Mike Ruppert’s father and Mike Ruppert himself are all ex-CIA.

The book, ironically, is aptly named in case no one has noticed – the Rubicon was the river Julius Caesar crossed that, once he and his troops crossed it, became an overt declaration of war on the existing Roman republic because it was against Roman law to have a Roman Legion quartered within it’s borders. It started the civil war in which Caesar was eventually victorious.
A Patriot Says:
June 18th, 2009 at 8:11 am
A really good analysis of this bizarre situation.

Donald – interesting point – you certainly may be right on this one!
pitofdoom Says:
June 18th, 2009 at 8:24 am
US Dollar = Hot potato, who gets stuck?
Joe Jr Says:
June 18th, 2009 at 9:28 am
Why assume the “smugglers” were sucessful on their first attempt at getting caught? Perhaps they are on a security camera tape somewhere, passing through undetected.
Astro Chimp Says:
June 18th, 2009 at 9:35 am
Good essay.
REAL6 Says:
June 18th, 2009 at 9:40 am
People have to beware of THE SCAM!!!!!!!

Also i think this:

Could Obama & Japan’s Interior Minister Kunio Hatoyama be involved plus the international bankers ‘Which they are”?

http://wasatchecon.wordpress.c.....arp-funds/

The WSJ reported on March 30 that Treasury Has $134.5 Billion Left in
TARP…

”The Treasury Department said it has about $134.5 billion left in
its financial-rescue fund, giving the Obama administration a cushion
as it implements expensive programs aimed at unlocking credit markets
and boosting ailing industries”….

And this is what these 2 Japanese business men had in a suitcase…

Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.
MONEY-TO-THE-PEOPLE! Says:
June 18th, 2009 at 10:51 am
Joe Jr’s theory may be right.

Maybe the two Japanese smuggler guys were BETRAYED?

Maybe Japan’s government owned the 134.5 billion dollar bonds?

But these bonds belong to Italy’s police now.
Irony?
gravel kucinich paul nader Says:
June 18th, 2009 at 11:12 am
Total propaganda media blackout.

2-3% of population
extort blackmail bribe
the chosen the superior
perception management
aipac’s israel-first dual-nationals

liars or truthers
anthrax cover-up of 911
the non-federal reserve w/no reserves
DS101 Says:
June 18th, 2009 at 11:41 am
Check this blog if you know Japanese:

http://yamaji.iza.ne.jp/blog/entry/1091276/

One of two Japanese men is Tuneo Yamauchi. He is brother-in-law of Mr. Toshirou Mutoo, former deputy Governor of Bank of Japan.
MiyokoGoto Says:
June 18th, 2009 at 1:38 pm
I’m glad those Japanese emperor related criminals caught at Chiasso in this year. I would be in trouble if such thing happened around April of 2007. I lived in the refugee center in Chiasso.
A.J. Vidz Says:
June 18th, 2009 at 1:38 pm
HERE: Stream and Download ALL the best interviews and rants from the Alex Jones Show Archives:

http://alex-jones-archives.politicsfiles.info/

TODAY:
- {Director} William Lewis (In-Studio):Bubbles, Panics and Depressions
- Weird Hexadecimal Code in Telegraphs Operation Blackjack Part 5
- “POWER GRAB” by The Federal Reserve Banksters

Backup your favorite episodes, don’t miss any!
will hale Says:
June 18th, 2009 at 3:51 pm
why would china and japan which hold most of america’s debt want to crash its economy ?
wouldnt they lose trillions also ??
can someone explain to me why its in their interests to do this ?
thank you
Madman Says:
June 18th, 2009 at 8:38 pm
My two cents…

They are North Korean…
The money is the 134.5 billion remaining of the economic stimulus package.
The money was intended to help them build nukes, and to declare a war on the US, thus stimulating both economies, and killing off masses of the male over population in North Korea via the War, while striking cities listed and agreed upon previously with nuclear weapon strikes in the us.
A washing of hands, with dirty money, stolen from the American people, to make both North Korea and the USA more viable, sustainable, and to cull off thousands, if not millions of what the elite consider useless humans, while making a huge profit and then allowing them to follow a Blackjack senario, and create a North American Union, which they have already printed the currency for.

http://www.stevequayle.com/New.....f.day.html

All the pieces fit.

If the world clock on the blackjack 12 site does indicate a 1 year, 3 day nuke senario, with 134.5 billion, I’d think someone with the IQ of Forrest Gump could find SOMEONE to help them build and perfect nuclear warhead.
poorboy Says:
June 18th, 2009 at 9:06 pm
Uncle Sam needs your help
http://www.pentwhistle.com/
ADOLFO ARAYA Says:
June 18th, 2009 at 10:37 pm
HEY..Just read at Benjamin Fulford the English sectors at
http://benjaminfulford.typepad.....d/2009/06/
=========================================
06/15/2009 The Japanese arrested in Italy with $134 billion were part of a CIA black-ops

The Japanese citizens arrested in Italy last week carrying bonds worth $134 billion were part of a CIA black-ops linked to the Nazi faction, according to high level intelligence sources. The CIA front behind this operation is known as Mayflower and is linked to a malevolent Chinese faction that wishes to restore dynastic rule in China. One of the Japanese arrested was probably a Mr. Fukushima, who works for the puppet emperor of Japan and the CIA and the Rothschilds. The operation is also linked to former Japanese Prime Minister and Bush slave Junichiro Koizumi as well as the current CIA-bribed traitor Prime Minister Taro Aso. They were hoping to use the money in part to operate a massive psy-ops in Japan designed to keep the current slave government in charge after elections that must be held by September 11th of this year. For the sake of humanity and the planet, they must not be allowed to redeem those bonds. We can also add that as a direct result of these arrests that faction has contacted us and proposed talks in Switzerland. We will accept.
no Says:
June 19th, 2009 at 1:55 am
Friends,

Click on:

http://www.free-press-release......19752.html

for the real “TRUTH”

Bcoz TRUTH needs U in the middle…….
Troy Ounce Says:
June 19th, 2009 at 2:38 am
Again “Fake” Bonds: Now Japanese Bonds @ 15 Billion € Confiscated in Italy.
http://is.gd/167Bd
ron Says:
June 19th, 2009 at 3:48 am
all I can fiqure its for an up coming book and movie deal….
Grav Says:
June 19th, 2009 at 4:23 pm
I’ve read two different sources that are now reporting that Italian authorities are about to announce that the $134.5 billion in US bonds that they seized on June 3 are “REAL” and the bonds are owned by the government of Japan.
According to SlyRyder.com, “one of the smugglers is very likely to be identified as Tuneo Yamauchi, brother-in-law of Mr. Toshirou Mutoo, former deputy Governor of Bank of Japan. ” http://slyryder.com/bondgate.html

The Turner Radio Network is reporting that the smugglers are employees of the Finance Ministry of Japan. http://www.turnerradionetwork.com/
jen Says:
June 20th, 2009 at 2:57 pm
.
kaleb Says:
June 20th, 2009 at 7:29 pm
http://www.cnn.com/2009/US/06/.....index.html
hmm? maybe U.S. officials passed the word to keep an eye out for large amounts of cash floating around (buses, trains, planes, whatever)