Saturday, February 18, 2012
$6 Trillion in fake US Bonds seized
What this story doesn't explain is how these "fake" bond differ from "real" bonds pretending to represent money? What do the real ones have nicer engravings of dead blokes on them or something?
From Bloomberg:
Italian anti-mafia prosecutors said they seized a record $6 trillion of allegedly fake U.S. Treasury bonds, an amount that’s almost half of the U.S.’s public debt.
The bonds were found hidden in makeshift compartments of three safety deposit boxes in Zurich, the prosecutors from the southern city of Potenza said in an e-mailed statement. The Italian authorities arrested eight people in connection with the probe, dubbed “Operation Vulcanica,” the prosecutors said.
The U.S. embassy in Rome has examined the securities dated 1934, which had a nominal value of $1 billion apiece, they said in the statement. “Thanks to Italian authorities for the seizure of fictitious bonds for $6 trillion,” the embassy said in a message on Twitter.
The financial fraud uncovered by the Italian prosecutors in Potenza includes two checks issued through HSBC Holdings Plc (HSBA) in London for 205,000 pounds ($325,000), checks that weren’t backed by available funds, the prosecutors said. As part of the probe, fake bonds for $2 billion were also seized in Rome. The individuals involved were planning to buy plutonium from Nigerian sources, according to phone conversations monitored by the police.
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Friday, February 17, 2012
Weekend Chillout - The Missing Edition
With news this week that the total of "missing" client money at MF Global now stands at $1.6Bil up from earlier estimates of $1.2Bil I am guessing many farmers and mining company's are missing that money as well.
God damn it I want that suit. Have you ever seen Gold and Silver so happy together?
US wants in the Asia-Pacific
PressTVGlobalNews on Feb 15, 2012 Senior Pentagon officials have defended President Barack Obama's military spending plan, which includes a shift in strategic focus to the Asia-Pacific region.
Targeting Iran: Israel ramps up rhetoric
RussiaToday on Feb 16, 2012
Thai police say Israeli diplomats were the target of a group of Iranians arrested after prematurely setting off explosives in Bangkok. The claims are expected to further fuel anti-Iranian rhetoric that Tel Aviv has ratcheted up after bomb attacks targeted Israelis in Georgia and India.
Thai police say Israeli diplomats were the target of a group of Iranians arrested after prematurely setting off explosives in Bangkok. The claims are expected to further fuel anti-Iranian rhetoric that Tel Aviv has ratcheted up after bomb attacks targeted Israelis in Georgia and India.
Battlefield USA 2012: Gerald Celente on year's top trends
RussiaToday on Feb 16, 2012
Gerald Celente, the founder of the Trends Research Institute gives RT's Marina Portnaya his predictions for the headlines of tomorrow. OWS movement, US presidential elections, economic embargo on Iran are among the issues discussed.
Gerald Celente, the founder of the Trends Research Institute gives RT's Marina Portnaya his predictions for the headlines of tomorrow. OWS movement, US presidential elections, economic embargo on Iran are among the issues discussed.
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