| User Info
| Now We Have Obviously-False "News" in forum [Market-Ticker]
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End_the_bubbles
Posts: 9519
Incept: 2009-03-25
The New 3rd World
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Quote:seized a record $6 trillion of allegedly fake U.S. Treasury bonds  It's OK - Bernanke will redeem them at parity. I mean, at this point, aren't ALL BONDS ****ing FAKE anymore? The whole system is run on monopoly money now. It's all ****ing fake!
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In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters.
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Northeaster
Posts: 68
Incept: 2011-05-13
Massachusetts
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I beat you to the last part of you thread Karl on ZH (I posted under same name) regarding the tie in, and added a little part of the "donation" from The Fed, per Bloomberg.
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Splashdown
Posts: 556
Incept: 2010-04-05
Central Illinois
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My only guess where someone would even contemplate passing US Treasury in large denominations would be, out side of Chuck E Cheese, is in the oil market, right? All oil is priced in USD, and so you must obtain USDs (US Treasury bonds) first before you can enter into a contract for oil.
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Genesis
Posts: 130731
Incept: 2007-06-26
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North, sometimes there is such obvious bull**** that I just have to call on it.
I emailed the link to my article to Bloomberg's editors and the author of that piece as well. It will be interesting to see if I get a response.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Richard112360
Posts: 610
Incept: 2008-02-06
Hooterville
Banned
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Two words in that article tell me it's bogus; Nigeria and Plutonium! Karl you got that right, Nigeria does not have the basic infrastructure to keep the lights on for more than a couple of hours/day much less produce Plutonium.  |
Mannfm11
Posts: 3542
Incept: 2009-02-28
DFW, Tx
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Not only that, but I doubt there was a $1 billion bond in 1934. In fact, I would be shocked if there was one today. That was a hell of a lot of money back then.
Not to mention, anyone with enough brains to have plutonium would not be so stupid to take wooden nickels for what they had. Agreed, the story is 100% bull****.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Frat
Posts: 1935
Incept: 2009-07-15
NKY
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Ok Karl, humor me here.... I'd like you to put on your 2 hats, and examine this horse****. The first hat is your thinking cap... What DO you thinks going on here?
2nd would be your tinfoil hat - what's your best conspiracy theory?
Feel free to not indulge me, but I thought I'd at least ask. :-)
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We're ****ed. Where's Henry Bowman when you need him?
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Friar_tuck
Posts: 1118
Incept: 2008-01-09
N. Cal
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if the us is planning to default, what better cover story would there be? "due to rampant counterfeit, all bearer bonds (or at least the bonds held by people we dont like) are null and void"
or perhaps this is how they're handling any "disorderly" liquidations, i betcha the japanese liquidators were state sponsored and were attempting a stealth dump... now whenever anyone trys an un authorised bond dump treasury will simply declare them fake, petro dollar rocks on....
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Genesis
Posts: 130731
Incept: 2007-06-26
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Ronald Reagan effectively banned bearer bonds in the 1980s under TEFRA (the law's acronym that made the change.)
(They're not ACTUALLY banned, but all new issues of them have a 1% tax per year of maturity due at origination to the IRS. That's so punitive that nobody issues them any more. Incidentally, the way the law is written any bearer instrument qualifies, which has interesting implications for "in blank" mortgage endorsements since the note then becomes negotiable......)
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Tsberts
Posts: 2354
Incept: 2008-02-05
Minnesota
Online
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I wonder if this is one of those stories that makes no sense right now, but in five years we'll have the whole story, look back and say, "OMG, that was a brilliant scheme."
Of course, it could be what it appears on its face, utter BS.
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Photoguy was an optimist.
In Soviet Russia, the banks are run by the politicians.
The cancer within the federal government has metastasized, it's now up to each of the states to contain the cancer.
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Kypackrat
Posts: 63
Incept: 2010-12-12
Banned
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if the us is planning to default, what better cover story would there be?
If you believe the Treasury, there's less than $100 million in US Treasury bearer bonds left extant. That's just not enough to cause any trouble to the Treasury.
Unless, of course, there are billions of off-paper bearer bonds floating out there that the Treasury has incorrectly (or fraudulently) written off. But that is a different story.
Reason: formatting
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Smacktle
Posts: 1362
Incept: 2009-01-20
Texas
Online
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One of those supposed bonds would be a neat souvenir.
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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
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Gamma
Posts: 5558
Incept: 2008-01-20
Northern CA
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Maybe the Nigerians sent multiple emails to workers within the BLS offering rewards of $24,335,664 if they would report good employment numbers.
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This stuff we're going through, this is nothing compared to the Middle Ages.
They told me if I voted for John McCain, an idiot would be a heartbeat away from the presidency. Sure enough...
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Hriderhaggard
Posts: 4
Incept: 2012-01-04
Banned
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Splashdown
Posts: 556
Incept: 2010-04-05
Central Illinois
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Reminds me of my one of my favorite movies...
Marty: This is uh, this is heavy duty, Doc, this is great. Uh, does it
run on regular unleaded gasoline?
Doc: Unfortunately no, it requires something with a little more kick,
plutonium.
Marty: Uh, plutonium, wait a minute, are you telling me that this
sucker's nuclear?
Doc: Hey, hey, keep rolling, keep rolling there. No, no, no, no, this
sucker's electrical. But I need a nuclear reaction to generate the one point twenty-one gigawatts
of electricity that I need.
Marty: Doc, you don't just walk into a store and ask for plutonium. Did
you rip this off?
Doc: Of course, from a group of Libyan Nationalists. They wanted me to
build them a bomb, so I took their plutonium and in turn gave them a shiny bomb case full of used pinball machine parts.
Marty: Jesus.
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Bagbalm
Posts: 4255
Incept: 2009-03-19
Just North of Detroit
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If the mafia is involved in this I would suspect the bonds were aimed not at any institution or sovereign, but a scam aimed at the sort of person they sometimes deal with who has peasant cunning and native intelligence, but little formal education and less access to reliable information about the nature of high level financial dealings. Certainly not dealing between sovereigns at a time distance that removes them from the experience of most living persons. Such people deal in cash from drug and arms transactions in which the amount of currency becomes a matter of bulk shipping and a problem. They might regard this compact portable form of wealth attractive and trade for it. But I'd hate to deal with the aftermath of them finding out if they are fake...
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Captainkidd
Posts: 594
Incept: 2010-05-25
Pasadena, Texas
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Quote:Maybe the Nigerians sent multiple emails to workers within the BLS offering rewards of $24,335,664 if they would report good employment numbers. My first thought: Someone finally answered the email that I seem to get weekly, and found out that the huge money that was trying to be brought out of by the deposed Nigerian Prince is actually 1934 US Treasury Bearer Bonds. (/sarcasm)
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A lawyer with a briefcase can steal more than a thousand men with guns. --Mario Puzo
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. -- Henry Ford
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Asimov
Posts: 103970
Incept: 2007-08-26
East Tennessee Eastern Time
Online
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Did you catch the image from ZH on the boxes they were supposedly in? That is *QUITE* interesting, imo.  It says: Quote:CHICAGO
Federal reserve system
Mother box
Treaty of Versailles And it looks quite authentic. How the ****** did they come by those cases to transport TRILLIONS in bonds? With there being no possibility of $6T worth of bonds with the reported date on them, that part's VERY obviously fake... but those boxes have peaked my interest in a serious way.
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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
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Bluebird
Posts: 1381
Incept: 2008-05-02
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So while we are all spending time discussing the fake news, what is really going on in the financial world. Perhaps this is a diversion from the upcoming Greek default?
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Bighiller
Posts: 1471
Incept: 2009-05-06
Hiding from Monkeys
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The Earth will forget Mankind.
The play of life will go on.
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Nuke_engineer
Posts: 2698
Incept: 2007-08-19
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Nigeria does have a nuclear research reactor in operation, NIRR-1 (I think that's its name) and it does have the capability to create plutonium as part of its capabilities. There is surely Plutonium within the political borders of Nigeria as a result of its operation.
On the other hand, the research reactor produced Plutonium would have to be purified and separated in order to be of weapons grade quality and there's probably not enough Plutonium to even begin to assemble a trigger, much less an actual warhead.
If I recall correctly, the IAEA back in 2007-2008 sent some contract engineers to look at downgrading the purity of the uranium at the reactor in exchange for more advanced instrumentation and research packages which Nigeria heartily embraced. This would allow the Nigerian universities to do significant core physics research and the IAEA could secure old high grade uranium used in the initial reactor design and ship it back to Europe or the US for safekeeping so that Nigeria would not be a terrorist target for weapons grade uranium. I remember that there were challenges to monitoring the shipment, transport and sea voyage for that particular batch across the country. I don't know if the reactor re-design has been performed or not.
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Trading and investing is understanding about people, emotions and corruption of government, corporations, banks and people using propaganda, lies, mathematics and bankster logic working against you.
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Splashdown
Posts: 556
Incept: 2010-04-05
Central Illinois
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Take a look at the text stamped into a similar box from a separate incident...  God only knows what kind of crap people were trying to get away with back in the 1930's and 40's. |
Genesis
Posts: 130731
Incept: 2007-06-26
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Yes there's a research reactor that has been operating for quite a while. But we're not talking about a unit that would produce enough plutonium for anything but research purposes, and that presumes the separation technology exists in Nigeria, which is quite a stretch.
Point being that the idea that you're going to buy plutonium for some nefarious purpose with forged bonds is bull****. Now if you tell me you're going to buy Uranium from Nigeria I might believe it, but not Plutonium.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Nuke_engineer
Posts: 2698
Incept: 2007-08-19
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Glad to see you confirmed my statements, Karl.
On the other hand Karl, if I was buying not for a bomb but for the coating of a "dirty" device using conventional explosives for the dispersal, Nigeria's research reactor spent fuel rods would be very attractive choice of coating material and there's no need for separation for a dirty bomb.
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Trading and investing is understanding about people, emotions and corruption of government, corporations, banks and people using propaganda, lies, mathematics and bankster logic working against you.
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