Financial Times is reporting the 134 bbl in US Treasury bonds are Mafia forgeries en route to Venezuela to be not redeemed but safely locked in a bank vault as collateral used to open lines of credit at the Venezuelan central bank.
Back story, the deepcapture dot com story of the global financial meltdown of last Autumn mentions the Genovese family (as well as the ‘russian mafia’) as prominenty involved in the the naked shorting that is now apparently being quietly cleaned up with taxpayer dollars at the DTCC (see the deepcapture story on same).
Middle story, it so happens that very recently the Genoveses and insiders at the Venezuelan central bank were caught running in all likihood a BIG laundering operation with the side benefit of a major attack on the Dollar.
Front story, now just a little while later at the Italian/Swiss border two mules get busted with $134,000,000,000 in about 250 pre-1982 paper bearer bonds in a suitcase.
How likely is THAT on its face um, value?
Looks to me like somebody from last month’s bust talked, and someone on the dirty end of the laundry line was told to deliver them bonds to the authorities or else ‘something’ would happen that the narcotrafficantes/enemy agents/forgers/bolivarian hugo communists/russian mafia-kgb/genoveses -sicilian- mafia/ etcetera, wouldn’t like.
Can’t imagine what that would be. Oh yes i can. But anyway.
There’s so many “why else woulds” here but glaring is the fact that the two mules (Japanese, from our ally Japan, like the 9/11 Saudis from our ally Saudi Arabia, hmmm….) have apparently been released (watch, it’ll be a ‘error by a local police chief’) and their whereabouts are currently not known to the few reporters on this story –so says the FT article which is fast getting old.
No need to mention the timing of other events, but the rather savage undergraound financial attack that has been underway in spades since last summer on first the US banking system and now on the Dollar itself, has been really hot lately with BRIC summit in the Urals turning into an anti-dollar plenary session, the wild thing going on in an Iranian election that the Achmadinejad faction itself called into being, the NoKo brinkmanship (really hot now, USN tailing the NoKo ‘hot delivery’ freighter, China warning not to act, NoKo same, threatening nuclear war), all happening in the tipping point area of Dollar confidence brought on by the USA gov’t's four-month escalating no-limits tsunami of fiat money creation in the background and in the foreground three straight ‘record’ sized Treasury bond auctions (well two so far and the new record 104 bbl in twos & sevens [thank goodness it’s the short end, where foreign demand is still stronger than the better-indicator-of-confidence long end) slated for next week (scroll down to see news on the bust, and far scarier news of a Vietnamese gov’t bond auction failure).
