Two Japanese men are in custody in Italy after attempting to smuggle $134 billion worth of US bonds into Switzerland. Details are few at the moment. If the bonds prove to be genuine, the amount they had was nearly equal to the GDP of New Zealand.
The bonds included some 249 certificates worth $500 Million each and 10 $1 Billion Kennedy bonds. If the bonds are real, Italy may fine the men up to 40% of the amount, which would be a boon for the Italian economy.
Since details are sparse, theories range from the bonds belonging to Kim Jong Il to Japan secretly trying to dump its dollar reserves. The US losing control of its monetary supply could be a major issue if the bonds are real.
I thought it was a typo at first but then I realized this had to be the biggest bust in world history of crime. I am curious where that money came from.
I wouldnt be surprised on some nation trying to dump their reserves. Man if I could just get my hand on just one of those 500 mil certificates! How life would be so different afterwards.
134 Billion Bucks worth..... Jeez...that wouldn't change your life would it..Well it has their's, and they don't get to spend it.good gog. Where has it come from, i wouldn't mind 1% of that and it would change my life. And that is $1,326,600,000,000,000 Jeez at that rate even .1% Would do nicely...FEWWW my head hurts.
It seems to be something to do with Windows 7. I have been running Adobe 7. Ya ok. Its old, and windows 7 gave me an error, Broken Link, that's why i said i will keep trying. The problem seems to be i needed Adobe 9.1 So I downloaded, and it wont set up.. #1 fault i have found with Win 7. SO far its been great. I will google Adobe 9.1 after i have sent this to you..
In the "English" form of a billion this means Trillion to us Americans. At least this is the way it is traditionally done in the British form of the english language.
So to put it in terms of British English this was 1000 Million. The Actual figure would be: $134,000,000,000.00
Smugglers aren't usually known to be honor role students. Think about how many drug busts you have read about where the smuggler was caught because of a simple burned out tail light or speeding....
They may have a surplus of money but clearly they suffer from a deficit in the common sense department.
They got the loot from a Nigerian businessman that needed a trustworthy friend to get an inheritance out of the country. Obviously the 2 japanese blokes decided to scam the poor Nigerian. Goes to show that you just can't trust anyone.
Wish i knew, but, suspect that Bloomberg use a PDF format using Adobe 9.1. Hence the error "Broken link " and win7 telling. Jeez you guys must think Ive got crystal Balls....I might be pathetic at times but im certainly not physic.
Adobe 9 is trouble in WinXP too. Try Foxit as it is not such a bloated dog. 2.98MB as against 25MB. Why the hell does a reader need to have a 25MB install file.
When you carry money across borders, e.g. if I went to France for a week with €100 for a holiday, they could tax me as I left Britain? Or indeed, if my European odyssey took me sight seeing in Italy, then for chocolate tasting in Switzerland, would the Italian government want to go through my wallet?
I totally get that the scale is different, but it makes little sense.
Yes if you go across the borders with a large sum you have to go trough customs. For 100€ it is not required. I don't know how it is from one EU country to another. But Switzerland is not an EU country.
@mbartnz Adobe9 can display 3D graphics thats why.
The U.S. Treasury has said that all photographs of the notes it has seen so far show they don't look anything like Treasury Securities. Additionally, since the 1980's, U.S. marketable debt is issued electronically.
The Italian authorities are still investigating but the Treasury has declared that the notes are worthless.
yes it looks like they are probably fakes. The 500 mill bonds were dated as printed in 1934 which there were no such things as 500 mil bonds in 1934. Also there are no records of any Kennedy bonds like that.
Still a very strange occurrence. Why would they be hiding these bonds if they knew them to be fake.
To me this seems like it may have been a ploy by another nation such as N. Korea or maybe Russia or China, to shake up some insecure feelings towards the USD.
Who knows it may have just been 2 stupid idiots who thought they could hock off the equivalent of a fake $3 Bill scam or something and nobody would be the wiser.
I meant a three dollar bill. Not Billion. For those that have never heard the story of the incompetent forger that forged some 6$ and 9$ bills.... Both of which dont exist. Maybe the same case here.
In anycase, if they are all real, thats more then 100,000 million if you divide it up. I live in italy and it says that it will rain tomorrow, with luck, the rain will be green, flat, rectangular, and have 100$ signs on it. So I have to ask one thing much like a post dj made above me. Millz please italy? Please millz for me?
