Previously on this site I reported a couple of times on the Japanese Bearer Bond Scandal of 2009, and more recently have written a members' White Paper on a similar story coming out of Spain. Now, yet another fake bonds scandal has emerged, this time, in Switzerland:
Now, read that opening paragraph again:
"Italian anti-mafia prosecutors said they seized a record $6 trillion of allegedly fake U.S. Treasury bonds, an amount that’s almost half of the U.S.’s public debt." From here the story just gets weirder: "The bonds were found hidden in makeshift compartments of three safety deposit boxes in Zurich, the prosecutors from the southern city of Potenza said in an e-mailed statement. The Italian authorities arrested eight people in connection with the probe, dubbed “Operation Vulcanica,” the prosecutors said. The U.S. embassy in Rome has examined the securities dated 1934, which had a nominal value of $1 billion apiece, they said in the statement. Officials for the embassy didn’t have an immediate comment." ...And weirder: "The individuals involved were planning to buy plutonium from Nigerian sources, according to phone conversations monitored by the police." ...And really, really weird: "The fraud posed “severe threats” to international financial stability, the prosecutors said in the statement." Ok great, however one thing we don't get is just how can $6 trillion in glaringly fake bombs be a "threat to international financial stability."
Now readers of my members' area white paper will recall that the Spanish bonds were also dated 1934! What is unique here is that the bonds pictured in this most recent story look like the faked US Gold certificate $100,000 bills involved in the Spanish affair.
It again must be asked, why would anyone bother to counterfeit such bonds in the first place? The answer I gave in my members' White Paper on the Spanish case was that they could only exist if there was a market for them. And there could only be a market, in my opinion, if in fact there are large securities in similar denominations being secretly circulated in the world.
In other words, folks, the bonds scandals - and this is the third such in the last three years - is an indicator that there may indeed be a two-track financial system afoot in the world, and that these bond scandals are an indicator of some fuzzy bookkeeping being done. You'll note one significant fact about the picture of the faked billion dollar bond, and that is that it is a "gold certificate," in other words, perhaps we're looking at suggestions that this two-tiered covert financial system is in fact tied to bullion? Well, perhaps...
The question that the article itself points out is how could "$6 trillion in glaringly fake (bonds) be a threat to international financial stability?" Indeed, how could they, unless they are, again, based on something that someone knows, and that they are sending messages through these fake bonds scandals. Just what is really going on I explored more fully in my members' white paper, but since I raise the subject here, I can provide a slight hint: can you say "breakaway civilization?"
See you on the flip side.