Two weeks ago on June 3, Italian authorities at Chiasso train station, arrested two Japanese men who tried to smuggle $134 billion of undeclared U.S. bearer bonds into Switzerland. The contraband was hidden in the false bottom of a suit case. Police said the two suspects were carrying a total of 259 bonds, including 10 with a value of $1 billion each and 249 with a value of $500 million each.
What is also interesting about this event (besides the amount involved) is that just across the border in Switzerland is one the Swiss 'free ports'. These areas are not subject to normal Swiss trade or financial regulations, and are notorious throughout the world as clearing and storage houses of nefarious goods of all sorts.
The big question which is on everyone's lips is, "Who owns these bonds"? Followed hard by, "Are they real"? And if they are forgeries, "Then why"? Some possible answers;
Scenario one: The bonds are real.
- Is the Japanese government serapticiously dumping bonds?
- The Bank for International Settlements, which is headquartered in Switzerland and is the central banks banker, is engaged in some creative accounting as in - now you see them, now you don't!
- Could this be a 'cloak and dagger' intelligence operation gone wrong?
- Is this some of the TARP money meant to 'feather' a few nests?
Scenario two: The bonds are fake.
- Who did it and why?
- Which governments are involved? Since the amounts indicated could only be afforded by governments.
- Could this be a 'false flag' affair?
- Are they real but being branded fake so as to conceal their origin?
The questions can be endless, limited only by ones depth of imagination. These questions require answers. Why is it that the main stream media gave this important story only cursory coverage, with no follow up considering the state of the globes economies? What is needed is some good old fashioned "deep throat" type of investigative journalism.
The story behind this occurrence is important to not only the financial world, but to the governments involved - the U.S., Japan, Switzerland and Italy. This amount of money, if real, could wreak havoc on a global scale if it were to fall into the wrong hands. Can you imagine what could be the consequences if someone like Osama Bin Ladin got his hands on this amount of money? I shudder to contemplate!
The public deserves to know the answers. After all, these bonds (if real) most likely stem from the tax payers pocket books.
Disclosure: No position.
