Thursday, June 18, 2009

Bearer Bonds are Fake!

Thanks to a tip from an anonymous commenter I've learned that the $134 Billion in Bearer Bonds are fake. So the Mystery is solved right?

According to Bloomberg and Stephen Meyerhardt, a spokesman for the U.S. Bureau of the Public Debt in Washington, the bonds are no good.

Meyerhardt had this to say:

“They’re clearly fakes, that’s beyond the fact that the face value is far beyond what’s out there.”

So was this just a simple idea to swindle some unsophisticated and unsuspecting thief or thieves looking to buy U.S. debt at a discount? Or is this part of a deeper and more elaborate conspiracy? Frankly, I find the denominations staggering! Perhaps this lends itself to the "hide in plain sight" theory suggested by some of your comments on my posts. That is; this number was so ridiculously large that some might even believe that they were authentic. But who would really bite on such huge numbers? I contend that any legitimate buyer would certainly exercise due diligence and verify the authenticity of the bond/bonds before purchasing even a $500 million debt instrument.

So I submit that this was probably the conclusion of one of three possible scenarios.
  1. The two Japanese criminals were part of a scam aimed at tricking some underworld or rogue buyers. These target buyers were possibly criminals attempting to launder some dirty money or terrorists hoping to increase their war chest, or just unsophisticated greedy criminals hoping to score big. To these groups, it's plausible that the Japanese government (represented by the two men with Japanese passports) could have possession of that much U.S. debt and be willing to dump it on an open market for a number of reasons.
  2. Some unnamed or unidentified entity is sending a message to the United States and the rest of the world that they have the capability to print and negotiate "realistic" counterfeit debt instruments. This naturally would be an item of immediate concern to the national security of the United States. The hidden message here would be that the U.S. currency is in jeopardy and is risky. A compromised U.S. dollar would be devastating to the U.S. and global economies.
  3. This was part of a complex "chess match" pitting the world economic powers against each other. Each move calculated and every opponent's move scrutinized, analyzed, and countered. The purpose of this little exercise was to test and analyze the intelligence capabilities of the "super-power" nations.

Let's dig a little deeper and look at how this discovery came to be and how it was handled. Didn't it seem unlikely in the first place that these two couriers would be discovered? And once the discovery was made, why did it take so long for anyone from the U.S. government to speak up? And now that they've spoken, let's analyze what they've said:

According to the Italian authorities, the seized notes included 249 securities with a face value of $500 million each and 10 additional bonds with a value of more than $1 billion, as well as securities purported to be “Kennedy” bonds.

Meyerhardt said no such securities exist. Nowadays, Treasury securities are issued electronically. The U.S. started converting all of its marketable debt from paper to electronic form in the 1980s.

Meyerhardt also said Treasury records show an estimated $105.4 million in bearer bonds have yet to be surrendered. Most matured more than five years ago, he said. The Treasury stopped issuing bearer bonds in 1982.

Interesting! $105.4 million is a tiny drop in the bucket compared to $134 billion. Don't you think? So why wouldn't the U.S. Government speak up immediately to denounce these bonds as fakes right away? Why did it take nearly a week for the word to come out? In my estimation, these were the right answers to minimize the risk to the U.S. currency. By announcing to the world that there are only $105.4 million in bearer bonds on the open market, and that bearer bonds were no longer issued after 1982, the U.S. has essentially minimized the realistic possibility of anyone counterfeiting and exchanging more than $100 million in physical bonds. And by declaring them fake- Well, imagine if they were real; The U.S. may have just wiped 134 billion dollars off of the books.

My question is why so much silence and why has it taken so long for valid information to come out? In this world of super technology and high tech communication devices, I want my information two minutes ago.

I still find this entire episode quite curious!

Do you believe what you read and hear?

"Cloak and Dagger." "Cat and mouse."

We're all very much part of the Game!

- By the way, if my Blog locks up and shuts down in the next few days, you will all know that I was onto something big! -


Jane Turley said...

Hmm...tis all very curious indeed. All of the options are plausible but no 2 is the most worrying. There are some dark forces at play in the world:(

I notice your playing Little Tommy's tune! I didn't know you were a fan:))

Chris said...

Just got back from overseas... what do you MEAN my $500 bearer bonds are FAKE? This is a CATASTROPHE!