Of course, our sell out politicians will do nothing to address this issue, and our media will act like good little lapdogs and say noting.  Too late boys, the word DID get out and it will not go away.

______________________________________

Subject: FW: INCREDIBLE COLUMNS ON AN ATTEMPTED ATTACK ON THE AMERICAN ECONOMY

 

- Northeast Intelligence Network - http://homelandsecurityus.com -

Disappeared into thin air

Posted By Director On June 19, 2009 @ 8:22 am In Douglas J. Hagmann, Fifth Column, Globalist Agenda | Comments Disabled

Douglas J. Hagmann, Director & Judi McLeod, Founding Editor, Canada Free Press

19 June 2009: Good morning America!  On June 3, either an attempted attack on the economy of the U.S. on an unprecedented scale was narrowly averted–or a criminal conspiracy involving the U.S. Treas ury and Federal Reserve that would legitimize the most radical of globalist conspiracies of all time–was exposed. In either event, a deliberate media blackout was employed in the U.S.  When news of the event gained traction in the foreign media, the U.S. media was compelled to report it as well, but only after facts could be changed and damage control employed by the highest levels of the U.S. government, aided and abetted by faceless global powerbrokers.

The event involves the smuggling of $134.5 billion in U.S. government bearer bonds, which by no coincidence, happens to be the exact amount remaining in the U.S. Troubled Asset Relief Program [TARP] as announced by the Department of the Treasury on March 30, 2009.

But the beginning of this story should go back to September 18, 2008, the day when a now, all but forgotten rare money market run nearly destroyed the entire US economy.

In the words of Paul Kanjorski, Democrat member of Congress from Pennsylvania, to C-SPAN’s Washington Journal=2 0on January 27, 2009:

“On Thursday at about 11 o’clock in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States, to the tune of $$550 billion was being drawn out in a matter of an hour or two.  The Treasury opened up its window to help.  It pumped $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks.  They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there.”

Now, getting back to the smuggling of $134.5 billion in U.S. government bearer bonds:

Even as we report this, the story is continuing to evolve, not by erroneous first reports, but by the deliberate scrubbing and sanitizing of facts. Not only are the facts being scrubbed, but the perpetrators are disappearing just like a murderer who attempts to scrub clean the blood from the crime scene. But even the best attempts are never enough to rid all traces of the crime.

Since this crime was initially reported in the German and Japanese media exactly one week ago, professional investigators from the Northeast Intelligence Network and veteran journalists from Canada Free Press teamed up to uncover as many facts about this case as possible. During the course of our investigation, we quietly contacted and interviewed a number of law enforcement and intelligence sources from three countries on two continents.  Exhaustive research into not only the facts of this case, but into related areas and historical events was also performed during our coordinated investigation.

The following r epresents our initial but very disturbing findings, with additional information promised to follow.

The Crime

On Wednesday, June 3 2009, Italian police arrested two “unidentified Japanese nationals” illegally crossing the border from Italy into Switzerland carrying $134.5 billion dollars in US government bearer bonds in a false-bottomed briefcase. The men were arrested in Chiasso, on the border between Italy and Switzerland by Italy’s financial police (Guardia Italiana di Finanza).

The securities confiscated by authorities were identified as follows: 249 certificates worth $500 million each, and ten certificates, further identified as “Kennedy Bonds” worth $1 billion each.  A bearer bond is a debt security issued by governments or large corporations, and is much like cash because it does not require any ownership registration, thus providing anonymity to those possessing such an instrument.  The large face amounts and the anonymity of ownership obviously make bearer bonds enviable to possess. In this case, the bonds were reportedly issued by the U.S. government.

It is relevant to note here, however, that such bearer bonds have not been legitimately issued by the U.S. Treasury Department since 1982, at least according to public reports by the U.S. Treasury. This is important to point out due to the reasonable speculation that there is not $134.5 billion of bearer bonds left in the market, thus bringing up the possibility that the bonds in the possession of the two men are counterfeit.  This possibility, as it turns out, is extremely important to the U.S. for two reasons. First, it would mitigate the potential impact on the U.S. economy by asserting that the bonds are indeed counterfeit. Secondly, it would provide the U.S. Federal Reserve a vital alibi for a much larger crime being perpetrated on the American people. That crime would be the secret, “off-the-books” issuance of securities to other nations to finance deficits, among other purposes.

The latter would provide a great deal of legitimacy to the so-called conspiracy theorists who have suspected such illicit activity involving the U.S. money supply, the Federal Reserve, and the direct involvement or complicity of numerous U.S. administrations over the last 75-plus years. The ramifications of this scenario would be extreme.

To give the reader of this report an idea of the enormity of the amount of securities possessed by the two men, consider that the value of the bearer bonds would be equivalent to the Gross Domestic Product of New Zealand. Possession of the bonds would also make these men the fourth largest creditor of the U.S.  Again, $134.5 billion happens to be the exact amount remaining in the U.S. Troubled Asset Relief Program [TARP] announced by the Department of the Treasury on March 30, 2009.

The Perpetrators

Central to this aspect of the story are the two Japanese nationals who were caught “red handed” with the booty.  According to official reports, they were caught as they traveled on a local train normally used by laborers traveling from Italy to Switzerland. They were well-dressed and carrying briefcases. Imagine, then, two well-dressed Japanese nationals carrying briefcases among a train load of Italian day laborers. Obviously, they were not attempting to avoid scrutiny by customs or border agents.

Who are these men and where are they now? Perhaps we might never know as both men are (surprise) reportedly MISSING.

Since we began our investigation, news reports have been published that provide many of the details and offer interesting possibilities. On June 17, 2009, an article by William Pesek titled Suitcase With $134 Billion Puts Dollar on Edge appeared on Bloomberg.com at this link. Joe Weisenthal of The Business Insider has published various reports and appeared on The Glenn Beck Program.

Meanwhile, the U.S. government has assured the media and the world that the bonds were indeed forgeries and that the Italian Mafia did it.   That, of course, should be the end of it. It was all just a botched forgery attempt. There is nothing more to see here - move along, folks.  And right on cue, the mainstream media is indeed, moving along.

Like no other time in America, before the truth gets swallowed up in time, the burning demand of We the People should be: “Show us the money!”

 

 

Article printed from Northeast Intelligence Network: http://homelandsecurityus.com

URL to article: http://homelandsecurityus.com/?p=2863

 

Subject: The American dollar and the false-bottomed suitcase

http://www.telegraph.co.uk/finance/economics/5586543/Is-this-the-death-of-the-dollar.html

 

Dear Short List,

There's a riveting story in today's Sunday Telegraph about two Japanese gentlemen carrying $134 billion of US state bonds from Italy into Switzerland in a false-bottomed suitcase. This is, of course, a gargantuan amount of money. However, border guards at Chiasso saw the clever trick and apprehended the smugglers.

Pretty promptly, American officials "confirmed" one theory -- that the bonds were forgeries. This, of course, is nonsense. They could only be genuine. If any Swiss bank were presented with such documents it would have to be entirely convinced that they were genuine. It would do this quite simply either by checking the numbers directly with the US Fed or there'd have to be a covering letter from a high official of the Japanese government that they were genuine US Fed bonds and that the deposit had to be treated confidentially.

The bank wouldn't need to be told why the matter had to be confidential. It would know that, from then onwards, the Japanese government would be selling the bonds -- under the anonymity of the Swiss bank -- probably in small aliquots (US$5 billion each time?) in order to prevent the value of the US dollar dropping too sharply.

Which, of course, is the reason why the Japanese government wants to sell the dollar bonds. It holds large quantiti es of American government debt and, if the dollar carries on sliding as it has been doing, Japan faces financial disaster because its own government debt (in yen) is already overwhelming.  Since 2002, the value of the dollar compared with the other main currency has fallen over 20%. The whole world of finance is now approaching a state of panic that the value of the dollar could fall a great deal further -- and swiftly, too. Even the Chinese government -- an even larger owner of American government debt than the Japanese -- has been saying recently that they are worried about the falling value of the American dollar.

(But, briefly, let's inspect the official assertion that the apprehended bonds were forgeries. Any criminal gang that is clever enough to buy genuine bonds and then copy-print perfect forgeries would know that the forgeries would still have to pass muster with a Swiss bank when presenting them. A gang as clever as this wouldn't be so stupid as to think that it could get away with it. North Korea gets away with perfect counterfeiting -- albeit of US$100 bills, it is said -- but even these can only be dissipated in modest quantities via embassies and so forth.)

Back to the dollar. It's in deep trouble. The American economy is in deep trouble. The credit-crunch has meant that even the "viable" handful of major American banks (and UK ones) are still not lending money to business as they used to. They still have massive outstanding loans on their books which they c annot call in when due because they're based on property values which would immediately start falling further -- follow by general economic collapse. So far, almost all of the additional money which the US and UK governments have been printing -- and continuing to do so -- is being held back as reserves within the banks.

Very few people understand what printing money is all about. Even some financial journalists don't understand. I noticed that even the economic editor of an eminent newspaper was confused a week or two ago. Apart from dropping money by helicopter or paying government workers in crisp newly printed bank-notes, the only method a government has of distributing extra money is by means of its central bank buying government bonds from the banks (held as reserves) or from private owners of government bonds (or other bonds issued by major businesses).

But, like all banks, a central bank has to abide by double-entry book-keeping. When it creates credits (by holding bonds) it has to enter the same amount in its liabilities account for the banknotes it has issued (in actuality this is in the form of electronic transfers). So, for every bond deposited, the central bank has a liability for the capital value of the bond, but also has to pay interest on the bond itself to the government or the original bond issuer. But it can't do this because a central bank is not a profit-making business and doesn't naturally make money. It could -- and does, of course -- print even more money t o pay the original bond issuers -- and therein lies the impetus behind inflation than can, if continued for more than a brief period, lead to hyperinflation.

So what are the prospects for the US and the UK? Sooner or later, the great dollops of printed money will overflow the commercial banks' reserves and will start to be lent to businesses again. Mortgages will become easier, too. The economy will revive. But the additional money in the market will now start to be producing inflation -- in shop prices and thus in wages. The governments will then hasten to instruct its central banks raise the basic interest rate to choke all this off. They may succeed in establishing interest rates at exactly the right level. Or they may not. Or interest rates may see-saw for year or two.  Whatever happens, the governments have got to recoup all the additional money via taxation from those in jobs

So what is the truth behind the attempted smuggling operation? And how was it that the two smugglers were caught red-handed so easily? (And how many previous attempts has been successful I wonder? -- itself accounting for part of the dollar's slide?) We can only blame it on something which is becoming an increasing phenomenon in all central governments and their civil service administrations -- leaks. Someone high up in the Japanese financial world decided that this policy was far too potentially dangerous and gave the wink to the Italian authorities.

If the smuggling operation had been successful ( particularly if previous ones had been) but then revealed at some later stage, then the American government would have to drop on Japan like a ton of bricks in order to retain any credibility with its electorate and business. And so would China, because the renminbi (yuan) is still tied to the value of the American dollar. Someone in Japan, much wiser than the finance ministry (or whoever) decided that it must be stopped before it became dangerous.

Essentially, money is no different from any other economic good that is traded. Its value follows the normal operation of supply and demand. It has always been the case for thousands of years that it had intrinsic value -- until approximately a century ago when governments decided to nationalize money so they could print as much as they needed for current warfare. It's as simple as that, and the vast majority of the general public, credulous as always, bought the switch. Almost everybody now thinks that only governments can issue money. Fortunately, enough economists have read and considered the work of Frederick Hayek and, sometime soon -- unless the whole world goes into currency mayhem -- and world trade with it -- then currencies will have to be backed-up once again with real value.

Keith

Keith Hudson, Bath, England, <www.evolutionary-economics.org>, <http://www.amazon.com/dp/1906557020/>