The Saga Of The Bearer Bonds

The Saga Of The Bearer Bonds

It just gets more and more odd after my original report, with the latest coming from a German newspaper (translation courtesy of Google):

Hit for the Zöllner: The contraband securities valued at 134 billion U.S. dollars are apparently real. Die italienische Finanzpolizei hatte zwei Japaner ertappt, die im doppelten Boden eines Koffers milliardenschwere Anleihen in die Schweiz schaffen wollten. The Italian financial police had two Japanese caught in the false bottom suitcase billion-dollar bonds in Switzerland wanted to create. Von dem Fund profitiert das hochverschuldete Italien.

Note that this has received very little coverage in the so-called "mainstream US media" - but it is everywhere in Europe and Asia.
Japan, for its part, oddly said the following as soon as this story started to hit the press:

"We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental," Yosano, 70, said in an interview in Tokyo on June 10 before attending a Group of Eight meeting of finance ministers starting today in Italy. "So our trust in U.S. Treasuries is absolutely unshakable."

Uh huh.  And the Japanese said in December of 1941 that all was well too.  Anyone remember what happened on the morning of the 7th?
Let's apply a little "Occam's Razor" to this entire story.
You're not going to walk into a bank with $130 billion in bearer bonds and cash them.  Nor are you going to sell a bond with a $500 million face value to someone without them authenticating it.  They will be authenticated before you get one dime out of them - no matter who you think you're going to "give" them to. 
So if they're fakes and you're "just screwing around", there is no reason to hide them.  Nor is there any particular reason to have authentic and recent original bank documents in your luggage with them, as has been reported.
Next, unless someone knew you were smuggling them, why would you be subject to that sort of search?  What made the people involved "interesting" to the authorities?  This doesn't sound like a random stop to me; how many people are carrying $130 billion in bearer bonds at any given point in time?  No, someone was tipped off that this was happening.  Now why would you bother to stop them here, prior to their attempted delivery of such instruments, if they were fake? 
Click here for complete story:http://market-ticker.org/archives/1119-The-Saga-Of-The-Bearer-Bonds.html

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