Tuesday, June 16, 2009

Did the Japanese Try to Dump $135 BILLION in US Bonds on the Black Market?

The most important and tantalizing financial story that you have not heard.

Update: sources now say they were forgeries. That would be good news.

UPDATE TO THE UPDATE: Our government lies to us constantly. It now appears that the two Japanese caught trying to smuggle 134 BILLION dollars in Treasury Bonds in a suitcase with a fake bottom have been released. IF they were forgeries, why release the men who smuggled them in? The only reasonably explanation is that some government- likely Japan, has lost confidence in the dollar and is trying to get rid of as much of their pile of dollar-denominated assets as possible without notice.

1 Comments:

Anonymous Anonymous said...

This story keeps getting more bizarre:

http://www.ft.com/cms/s/0/82091ec2-5c2f-11de-aea3-00144feabdc0.html

They released the perps. They don't know their whereabouts. They didn't event check the identities with the Japanese.

This is bungling stage performance is what a poorly executed multi-national cover-up looks like.

7:13 AM, June 19, 2009  

Post a Comment

Links to this post:

Create a Link

<< Home