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06/17/2009 02:47 PM ID: 79202 Permalink   

Two Men Caught Smuggling $134 Billion in Suitcase

 

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.

 
  Source: www.bloomberg.com  
    WebReporter: slavefortheman Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  36 Comments
  
  @Article  
 
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.
 
  by: slavefortheman     06/17/2009 02:53 PM     
  @slave  
 
The way things are going, you might need that 500 mil to fill your gas tank before long...

BB
 
  by: bbeljefe     06/17/2009 03:06 PM     
  @bb  
 
Tell me bout it. If this money proves to be real, it really shows you how bad things are actually getting and are going to get in the near future.
 
  by: slavefortheman     06/17/2009 04:00 PM     
  OMFG  
 
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.
 
  by: steve2045     06/17/2009 04:16 PM     
  @Slave  
 
M8 the link is broken, I dont seem to be able to load it.. I will keep trying..
Damn What a story.
 
  by: steve2045     06/17/2009 04:21 PM     
  hey  
 
aren't we missing around that amount in the TARP?
 
  by: Trevelyan   06/17/2009 04:22 PM     
  @steve  
 
lol I think you failed math

0.1% of $134 billion is 134,000,000
 
  by: syoware   06/17/2009 04:38 PM     
  @steve  
 
Seems to be working fine for me? Maybe try again.
 
  by: slavefortheman     06/17/2009 04:52 PM     
  @syo  
 
M8 Can you read or what, I first said 1%
Then I said wouldn't mind 0.1%.!
 
  by: steve2045     06/17/2009 04:55 PM     
  @Slave  
 
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..

Ciao..
 
  by: steve2045     06/17/2009 04:59 PM     
  @syo @ steve  
 
I would not mind 0.01% either, but the reality is that the bonds are in increments of 500 mills, so, round up and both of you will be happy?
 
  by: kmazzawi     06/17/2009 05:21 PM     
  @steve  
 
"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"

Thats 1 quadrillion, 326 trillion, 6 hundred billion dollars

Just saying...
 
  by: syoware   06/17/2009 05:44 PM     
  Billion English vs Billion american  
 
I wonder if this is where the confusion is.

http://www.askoxford.com/...


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
 
  by: slavefortheman     06/17/2009 05:57 PM     
  n/t  
 
What has Adobe got to do with opening a link?
 
  by: Lurker     06/17/2009 07:04 PM     
  can i has sum billionz plz italy?  
 
can i has?
 
  by: djskagnetti     06/17/2009 11:41 PM     
  .  
 
You would think they would spread it up between quite a few people, in case one of them got caught, like smugglers do with drug mules.

or maybe they DID spread it out?
 
  by: PeddlerOfFlesh   06/17/2009 11:46 PM     
  Serious Question  
 
So what is the actual crime here? You can't carry $134 Billion in bonds on you when you travel?

 
  by: teh_epic     06/18/2009 12:07 AM     
  The crime  
 
You have to declare how much money you are carrying with you. It is subject to taxes ect..
 
  by: xufeelinlukyx   06/18/2009 12:18 AM     
  @feelinluky  
 
So if they had said "Oh yea, by the way, there's $134 Billion in this suitcase" they would have been fine?

Maybe they can convince the government that it just slipped their mind and they just forgot about it.
 
  by: teh_epic     06/18/2009 12:34 AM     
  "Smuggling?"  
 
Bizarre...

Any way you would think they could afford to be discreet if they were smuggling.
 
  by: H. W. Hutchins   06/18/2009 02:47 AM     
  @Hutchins  
 
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.

BB
 
  by: bbeljefe     06/18/2009 03:22 AM     
  I reckon  
 
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.

Or maybe they won an internet lottery.
 
  by: stretchman     06/18/2009 06:14 AM     
  huh?  
 
$134Billion? holy shit.
they can buy a country with that amount
 
  by: bastrel   06/18/2009 07:18 AM     
  @lurker  
 
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.
 
  by: steve2045     06/18/2009 08:42 AM     
  @Kmazz  
 
Well ok just one of those little pieces of paper will do. TA...LOL
 
  by: steve2045     06/18/2009 08:45 AM     
  @bbeljefe  
 
For $134 billion, they could have Obama himself smuggle the bonds. They may be dumb, but that doesn't explain where the bonds came from...
 
  by: H. W. Hutchins   06/18/2009 09:26 AM     
  @steve2045  
 
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.
 
  by: mbartnz   06/18/2009 11:48 AM     
  I'm a little confused about the 'crime'  
 
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.
 
  by: Maxx20     06/18/2009 01:52 PM     
  @Maxx20  
 
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.
 
  by: evilrat   06/18/2009 04:45 PM     
  Notes are fakes  
 
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.
 
  by: Dela     06/18/2009 05:20 PM     
  @Dela  
 
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.
 
  by: slavefortheman     06/18/2009 06:52 PM     
  Er...  
 
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.
 
  by: slavefortheman     06/18/2009 06:54 PM     
  All right  
 
downgrade the charges to "undeclared monopoly money."
 
  by: H. W. Hutchins   06/18/2009 07:50 PM     
  @ H W  
 
they passed 'GO' a whole lotta times!!
 
  by: snowztorm29     06/18/2009 11:18 PM     
  @Snowz  
 
Or you just hit there boardwalk alot

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?
 
  by: Dolphin Commando   06/21/2009 02:58 PM     
  its a ploy  
 
to help out in that region .. :p
 
  by: Key2000     06/11/2010 02:59 AM     
 
 
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