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MORE INFORMATION ON THE JAPANESE BEARER BONDS

May 4, 2011 By Joseph P. Farrell

Well the comments keep coming in on the Kennedy Bearer bonds blog that I posted last Thursday. Yet another reader was able to process those images and make more determinations about the strange instrument. Again, I pass this along to you the readers without comment, as I have no way with my own image processing software to determine whether or not the following statements are true, yet, I believe that they are significant enough to bring them to everyone's attention. I have deleted the name of the reader but he or she is a member of this website:

"Joseph,

"I believe the issuer/creator of the bearer bonds is stamped right on the face of the bond, surrounding the red seal:  Money World, Asia.
I found their website via Google; here are some relevant quotes:

"'MoneyWorld Asia first started as a numismatic company dealing in money collectibles and commemorative products. Our humble beginning has enabled us to forge close relations with major central banks in the world, including the Bank of England, the US Bureau of Printing & Engraving, The Reserve Bank of Australia and New Zealand, as well as the Board of Commissioners of Currency-Singapore (BCCS). "

"'MoneyWorld Asia is one of the region’s most trusted and reliable Foreign Exchange and Remittance dealer, with offices in seven countries and a presence across the Asia Pacific. We are the world’s leader in Foreign Exchange and Electronic Funds Transfers, constantly innovating and developing new products and forging new channels for the benefit of our clients."

"''A significant milestone was our active participation at the Handover of Hong Kong to the People’s Republic of China in 1997, where we co-ordinated the commemorative notes to mark this momentous occasion."

"'MoneyWorld Asia is a foreign exchange operator, specializing in cash handling services to enable individuals and businesses to conduct cross-border transactions. Our clients include Multi-National Corporations, educational institutions, government agencies, retailers, duty-free concessions and hotels."

"'Since our inception in 1991, MoneyWorld Asia has enlarged our business focus in the world of money. We have established a two-pronged business strategy: money changing and remittance services, and numismatic products."

"'Moneyworld has today entrenched itself firmly in the global forex markets, with the added specialization in niche currencies such as the Chinese RMB (Yuan), Malaysian Ringgit (MYR) and the Indonesian Rupiah (INR). As these are non-tradable currencies, Moneyworld’s correspondent offices in these countries have provided our clients with a constant availability of these currencies, allowing them to transact with their partners in these currencies quickly and without fuss."

And there you have it. If this analysis be proven true, or if any other readers are able to make the same determinations about the red seal on the obverse, I would be grateful to hear from you.

If this is the source for these bonds then it's a huge story: why would such a company be involved in such a scheme that could seriously affect its position in Asian currency trading? If it was set up by these "bonds," who did so, and why? And if indeed it was acting as a go-between and the bonds are legitimate, then who was behind their issuance?

The story just got murkier again, folks, any way one slices it.