Another dull diary on Economics.
I have tried checking sources on this, but if anyone finds this to not be factual then ---pardon me.
Two Japanese trying to get into Switzerland were searched and 134 billion dollars in U.S. bonds were found in a false bottom suitcase.
That is a lot of money. It is reasonable to suppose they were not your ordinary businessmen or even drug lords. That quantity most likely is a foreign government that quietly wants to get their assets out of U.S. dollars and into gold or even Euros. Quietly.
One link----http://newsusa.myfeedportal.com/viewarticle.php?articleid=346
Which leads to another link (http://newsusa.myfeedportal.com/viewarticle.php?articleid=344 ) discussing the Fed hiring a former Enron lobbyist to allay fears of any oversight of their greater power over the last year or so. Makes a reasonable person question the role of the Federal Reserve and the possibility that all is not right with that powerful entity. Raises the concern that they need auditing.
That second link has a short video of the Inspector General of the Fed testifying that she does not know where the hundreds of millions in bailout money went.
I know economics can be dull but 134 billion dollars is a lot of money to be hauling around in a suitcase. This has implications for our whole economy and questions the likely devaluation of the dollar.