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$134.5 in fake government securities: Case closed, sans tin foil hat
$134.5 billion in fake government securities: Case closed, sans tin foil hat
Why did the government take so long to comment? Why did government representatives say so little? Why were the perpetrators Japanese? Why did the Italian authorities let them go? Why has the mainstream media said so little about it?
We knew the $134.5 billion in bonds were fake two weeks ago and a week before the U.S. Treasury confirmed this to be the case. How did we know? Simple: the Treasury didn't print bonds after the early 1980s, and all of the bonds printed before then totaled less than $4 billion in face value.
Fake securities are only illegal if they are used in the perpetration of a fraud or are counterfeits of actual U.S. securities.
No one stepped forward as the intended buyer, so there was no fraud.
The fake bonds were not replicas of real U.S. government bonds--were not even remotely similar--so they were not counterfeits.
Unable to charge the two men with either fraud or counterfeiting, with nothing but a pile of pretty paper, the Italian authorities had to let them go.
Why were they Japanese? Every country has its share scammers. Japan, too.
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06-23-09, 11:15 AM
$134.5 in fake government securities: Case closed, sans tin foil hat
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