Thread: A note of caution for those with deposits in US Banks

^ Its the "probably" part that worries most people.

Originally Posted by Spin

If they belong to a nation state then they could be transported in a suitcase that would have diplomatic immunity and therefore not liable to border searches.

True, apart from the fact that the covert nature of the cashing-out would be rather overt. The same two gentlemen have also been identified by someone at the hotel that the Japanese delegation to the G8 meeting in Rome were staying in at the same time as this incident occurred. Of course, some would say that Italians think that all Japs look the same but.........

Originally Posted by passengers

The idea that handling of counterfeit bonds in Italy is not illegal and you wouldn't get arrested for it is so absurd that it demonstrates the sheer lunacy of the world that Butterfly inhabits.

and US Bonds would fall under that Jurisdiction ? nice try but no cigar for someone who claim to be a lawyer

Fact: they were released, they didn't do anything wrong
Fact: you live in Lala land, and you are a fool

^They were probably just playing Monopoly? No harm done or meant.

Originally Posted by Butterfly

Originally Posted by passengers

The idea that handling of counterfeit bonds in Italy is not illegal and you wouldn't get arrested for it is so absurd that it demonstrates the sheer lunacy of the world that Butterfly inhabits.

and US Bonds would fall under that Jurisdiction ? nice try but no cigar for someone who claim to be a lawyer

It is so funny that you wish to argue that carrying forged bonds in Italy is not a criminal offence and you would not be arrested for it. Are you sure?

Originally Posted by Butterfly

Fact: they were released, they didn't do anything wrong

Because the bonds were not counterfeit, but were forfeited as they were being moved across the border without the proper declaration.

Originally Posted by Butterfly

Fact: you live in Lala land, and you are a fool

Given the choice between 'Lala land' and the strange world of deceit, lies and denial you live in, I know which place most would select.

I also repeat my offer to you to show any any of your posts, anywhere and on any forum that is not either a lie, false or misleading. I note that in the month since I last asked you to do this, there has been no reply.

Originally Posted by passengers

Because the bonds were not counterfeit, but were forfeited as they were being moved across the border without the proper declaration.

so they forfeited billions after they didn't do anything wrong or illegal ?

oh boy, you are out of your mind

Originally Posted by Panda

They were probably just playing Monopoly? No harm done or meant.

well technically, this seems to be the case, nothing illegal

Originally Posted by passengers

anywhere and on any forum that is not either a lie, false or misleading. I note that in the month since I last asked you to do this, there has been no reply.

There are whole threads, including this one, showing your lies, deceptions and made up facts, it's everywhere, so not sure why you are complaining you can't find them

Wouldn't Interpol be involved in such a huge case as this? I mean secretly trying to move multiple $billions in forged US bonds across international borders seems like a crime. Yet all the governments concerned dont seem (publicly at least) to be showing any interest. The Yanks are saying-- well, they must be forged because we dont owe that much in those old bonds. The Japs are saying, -- we dont know who these blokes are because the Italians didn't tell us. And the Italians are saying, -- we just let them go. This happens all the time.
The whole thing just doesn't smell right. No definitive media statements from the Italians as to why they were let go. No definitive statement from the Yanks explaining how they determined the bonds were fake. And no definitive statement from the Japs re two of their nationals being held on suspicion of trying to carry out (?)the worlds biggest international fraud against their major trading partner. And cant even be bothered to ask for the identities of the suspects.

If the Mafia are involved in this sort of fraudulent scam there has got to be somebody suffering a loss to make it profitable.

It just seems unbelievable that there is no law anywhere in the world against printing counterfeit US bonds and smuggling them across international borders.
And even more unbelievable that ALL the governments concerned hardly raise an eyebrow at it. Something just aint right.

Originally Posted by Panda

And even more unbelievable that ALL the governments concerned hardly raise an eyebrow at it. Something just aint right.

Maybe an operation against the Italian mafia where the bonds were used as a bait.
Would explain the silence from the countries involved.

not only that, or it could be Japanese mafia involved, we can only speculate

and why would we expect government officials to publicly comment on such activities ? anything they would say would even sound more suspicious, they are better off saying absolutely nothing

that's how it feel strange,

An international plot to trap the Italian and or Japanese Mafia?
I know the conspiracy theories abound in this particular case, but that one surely has to be way down on the list of credibility.

^ it's all speculation, your conspiracy theory is just as good as any others

Have to disagree there Butterfly. I think the Mafia set up conspiracy theory would be the very least believable of them all. Would you care to expand on this theory?

Originally Posted by Butterfly

Originally Posted by passengers

Because the bonds were not counterfeit, but were forfeited as they were being moved across the border without the proper declaration.

so they forfeited billions after they didn't do anything wrong or illegal ?

oh boy, you are out of your mind

It is an offence to move over 10000 Euros over the Italian border under Italian law, with the punishment being surrender of the bonds and a charge of 40% levied.

What is hard to understand about that?

Originally Posted by lom

Originally Posted by Panda

And even more unbelievable that ALL the governments concerned hardly raise an eyebrow at it. Something just aint right.

Maybe an operation against the Italian mafia where the bonds were used as a bait.
Would explain the silence from the countries involved.

And maybe it was the work of the lizard-men attempting to act on a repossession order from Mars and smuggle them out of the galaxy.

Or perhaps they were just forfeited under Italy's money laundering rules in the normal way.

Originally Posted by passengers

It is an offence to move over 10000 Euros over the Italian border under Italian law,

it's actually an European Law, and it's about cash

don't think a few billions in long term bonds can be considered as cash, but again in your world, everything is possible

Originally Posted by Butterfly

Originally Posted by passengers

It is an offence to move over 10000 Euros over the Italian border under Italian law,

it's actually an European Law, and it's about cash

Incorrect, yet again:

In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.

If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to € (euro) 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy’s eliminate its public deficit.

If the certificates are fakes the two Japanese nationals could get a very lengthy jail sentence for fraud.

ASIA – ITALY US government securities seized from Japanese nationals, not clear whether real or fake - Asia News

^ et al...

Originally Posted by passengers

I have reviewed all of the great BKKandrew's predictions and all appear to have come true. It is only a great shame that he does not feel able to post his wise words on this forum any more.

Helecopter Ben lets it slip out whilst issuing threat against FED Audit:

Still, Bernanke warned lawmakers against moving forward on legislation that would give the Government Accountability Office, Congress' investigative arm, new authority to audit the Fed. More than half of the U.S. House has signed on a measure that would make way for audits of the Fed.

"My concern about the legislation is that the GAO is auditing not only the operational aspects of our programs and details of the programs, but is making judgments about our policy decisions that would effectively be a takeover of monetary policy by the Congress, a repudiation of the independence of the Federal Reserve, which would be highly destructive to the stability of the financial system, the dollar and our national economic situation," he said.

2nd UPDATE: Lawmakers Attack Fed For Being Too Secretive

No shit - you find out the truth and the dollar, the US and the World Financial System implodes. Best keep the truth hidden then, eh?

Rolling Stone magazine has a very interesting piece on Goldman Sachs this month, here

U.S. Rescue May Reach $23.7 Trillion, Barofsky Says (Update3) - Bloomberg.com

$27TR

thats

$27 000 000 000 000

But don't worry as Spin sez the recession is over. Thank fuk for that.

As you can see - the DJIA trebled in value between 1931 and 1936, but most commentators would hardly describe that period as being one of economic success...

and your point is ?