Japan,Italy,and U.S., 134 Billion in US Bonds Smuggling Case

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Saturday June 13, 2009 · 1:12 PM PDT

2009/06/13 · 13:12

This would make a great movie. Two Japanese couriers are stopped and searched trying to cross into Switzerland from Italy with 134 Billion in US bearer bonds. The bonds were hidden in a secret compartment of a suitcase.

Yes, officials are determining if these are counterfeit or legitimate. If real, Italy stands to collect 40 Billion dollars as that is the penalty on the 134 billion amount.

These bonds (#249 500 million notes) are bearer bonds,that is like a check drawn on the U.S. Treasury,payable to the holder.

You just can't make this stuff up,but this story has had almost no exposure by the MSM in this country.

Parisgnome

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Thursday May 21, 2009 · 8:21 PM PDT

2009/05/21 · 20:21

the Wasington Post story here.

Breaking News: US Gov to put GM into Bankruptcy next week

The Obama administration is preparing to send General Motors into bankruptcy next week under a plan that would give the automaker tens of billions of dollars more in public financing as the company seeks to shrink and reemerge as a global competitor, sources familiar with the discussions said.

Breaking News: US Gov to put GM into Bankruptcy next week

Bank Stress Test Leak Worries Wall Street

Parisgnome

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Monday April 20, 2009 · 4:43 PM PDT

2009/04/20 · 16:43

Last night a blog leaked info from the bank stress test...creating a virtual shit storm today on wall street and a denial from the US Treasury.

I think the blog has been shut down since.....seems to me some heavy shit is going down.

I know it's not much of a dairy...but I don't want to post too much info.

Parisgnome

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Saturday April 04, 2009 · 12:31 AM PDT

2009/04/04 · 00:31

Well I wasn't going to blog about this anymore but this article derserves some sunlight. It's hard to imagine how the U.S. Treasury and the Federal reserve could be ignorant of the facts here.

Sure the economic system could have imploded but today the new unemployed numbers are still bad. So with many trillions of dollars spent the government could have extended unemployment benifits for 5 years and still had several trillions left over to start a shadow banking system,but that would be to simplistic and pragmatic.

Instead the USGOV chooses too validate the "Casino" and this article says exactly that.

Thanks to Chris Whalen for the article and (Credit Barry Ritholtz and Institutional Risk Analytics, the original source)

Update / Since the Bill Moyers broadcast this article is extemely relevant.

Parisgnome

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Thursday April 02, 2009 · 9:18 AM PDT

2009/04/02 · 09:18

Well I wasn't going to blog about this anymore but this article derserves some sunlight. It's hard to imagine how the U.S. Treasury and the Federal reserve could be ignorant of the facts here.

Instead the USGOV chooses too validate the "Casino" and this article says exactly that.

Thanks to Chris Whalen for the article and (Credit Barry Ritholtz and Institutional Risk Analytics, the original source)

Parisgnome

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Tuesday March 31, 2009 · 9:32 AM PDT

2009/03/31 · 09:32

Every now and then I read a blog and my blood boils. Names from the past come up, Michael Milken,noless. The junk bond king that went to prison. I have even seen Robert Vessco mentioned. I wonder WTF our congressman are doing. But then again they all have their hands out...running for something.

Parisgnome

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Monday March 02, 2009 · 8:30 AM PST

2009/03/02 · 08:30

What the hell is "The Bezzle"...well it's not part of your bling or a drug or slang for oral sex.....It's the biggest problem we face....it is being given trillions of dollars and cover by governments around the world. Simply it is corruption and the term was penned by the great economist John Kenneth Galbraith....

"One of the great minds of economic thinking, John Kenneth Galbraith, long ago pointed out an interesting bit of herd behaviour that seems to reoccur in every bubble. According to Galbraith, whenever we got to the end of a bubble, the Bezzle — a term for, basically, corruption — will always rise. You can set your watch to it. As a bubble inflates the early euphoria of "new money" begins to fall away and as the end comes into sight the players closest to the action get agitated and begin doing whatever they can to grab whatever they can off the table before it all falls apart. And so it was with the recent U.S. housing bubble."

Rise of the Bezzle

Parisgnome

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Wednesday February 11, 2009 · 11:17 PM PST

2009/02/11 · 23:17

This is old news....The report actually puts the date at 2004....but for those who missed it...this recounts how the big five investment banks came up with those sub prime mortgage dirivitives....and blew up the world economic system....Heys guys was the chinese food good?

Parisgnome

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Monday February 02, 2009 · 4:22 PM PST

2009/02/02 · 16:22

President Obama in a Interview late today said " Some banks will fail".

Parisgnome

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Thursday January 08, 2009 · 10:35 AM PST

2009/01/08 · 10:35

Market traders are a cynical lot especially when it comes to politicians. I voted for and donated to my President elect Obama. I hope Karl Denninger is wrong here and Obama on January 20th.... the shit will hit the fan...the Justice department goes after these crooks....because not for revenge but these Predetors need to be punged from our financial system.

Parisgnome

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Tuesday December 23, 2008 · 6:48 PM PST

2008/12/23 · 18:48

The Barbarian's at the gate.....The notorious Hal Turner issues a threat on his blog...Return the money or else....

This is mentioned by the market trader and financial activist Karl Denninger...that it is time for the USGOV to act.....

Parisgnome

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Wednesday December 17, 2008 · 2:26 PM PST

2008/12/17 · 14:26

Do you ever get the feeling the FED and the US Government...don't now what the hell there doing? That your tired of these massive bubbles...Dotcom,stockmarket,Housing and commercial real estate....not to mention this bubblemania is worldwide.

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Japan,Italy,and U.S., 134 Billion in US Bonds Smuggling Case

Breaking News: US Gov to put GM into Bankruptcy next week

Bank Stress Test Leak Worries Wall Street

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Is Our USGOV This Corrupt???

"The Bezzle" America's most pressing Problem

How the Mortgage mess all started......and collapsed the world economy

Breaking...Obama "Some Banks Will Fail"

P..E..Obama this Trader thinks you will Fail....

The Barbarians at The Gate??

Bernanke's Super Bubble.....Soon to be a bust near you..