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Started By
Message
2 rich Japanese guys.
Posted on 6/15/09 at 12:35 pm
Posted on 6/15/09 at 12:35 pm
Of course, the usual German disclaimer, however the search on the Rant must not speak German, because I didn't see it discussed.
What gives?
Sedrious cash
What gives?
Sedrious cash
3
Posted on 6/15/09 at 12:42 pm to lsurox
I was expecting a "walk into a bar" joke
interesting stuff...
interesting stuff...
Posted on 6/15/09 at 4:37 pm to lsurox
Glen Beck just did a segment on this. Evidently if the bonds are fake, we're sort of screwed. If they're real (and therefore, a country was quietly dumping them), then we're totally screwed.
This according to Beck, not me. I know I don't know.
This according to Beck, not me. I know I don't know.
Posted on 6/15/09 at 4:46 pm to Fat Man
Not sure how fake bonds has any material effect on anything. What was his explanation?
Posted on 6/15/09 at 6:01 pm to kfizzle85
quote:
Not sure how fake bonds has any material effect on anything.
counterfeiting costs America and likely would cause ripple effects in the international markets
Posted on 6/15/09 at 6:02 pm to SlowFlowPro
nothing in that article tops this comment though
quote:
Consider these background facts: * North Korean faced international sanctions over institutional counterfeiting of US $100 bills. The country has no qualms about mass producing counterfeit money. * North Korea has repeatedly manufactured fake passports, such as the Dominican Republica one used by Kim Il Jung's son to repeatedly enter Japan (where he was caught wearing a diamond encrusted watch). He claimed he was visiting Disneyland, but witnesses say he went straight to the red light district. The country has no qualms about mass producing counterfeit passports and claiming fake citizenship. * There are a million ethnic Koreans in Japan who are otherwise Japanese, about a third of whom identify with North Korea and have supported North Korea's policies including kidnapping, murder, and international terrorism. North Korea has in fact admitted to these allegations, which are the crux of Japan's stance in six-way talks. North Korea has no qualms about terrorism, murder, kidnapping, or any crimes in general. * North Korea's counterfeiting, missile sale, and opium production are all designed to generate hard currency it desperately needs to survive. It will do anything to get money. * One of the few safe havens in the world for North Korea is Switzerland due to its strong neutrality. Kim Il Jung's heir went to school there and Switzerland serves as a repository for much of North Korea's currency and banking needs. * North Korea has been known to use its small fleet of ships to transport agents into various countries for its crimes - as demonstrated by their use in kidnapping operations off Japan. Agents prefer to disembark by ship and cross borders by land. * As only China, Japan, and Russia even possess this amount in bonds these are the only nationalities any smugglers would claim. Alas, such denominations of bonds do not exist in this amount and would be accounted for in any case, and they are almost definitely forgeries. * North Korea has a colorful history of organized crime dating back decades - not many years have to pass for another bizarre pattern of crimes to emerge and it was only a couple of years ago they were caught for mass counterfeiting of dollars.
Posted on 6/15/09 at 7:58 pm to SlowFlowPro
quote:
counterfeiting costs America and likely would cause ripple effects in the international markets
How much does that possibly cost the US? What are we paying for in the event that they are fake? It's not like we're talking about $160 Billion in cash, its a bunch of frickin bearer bonds, which haven't been issued in decades. Whatever the sum is, its not anything that would cause us to be, as Glenn Beck apparently put it, "fricked." Ripple effects in international markets of what? US bonds? Stocks? Corp bonds? I don't follow you on either of those points man.
Posted on 6/15/09 at 8:00 pm to lsurox
Do bonds not have identifying marks on them?
Posted on 6/15/09 at 8:26 pm to kfizzle85
if it's counterfeit, and it's north korean, that's a worry to me. $134B is a bit of money. how much more is out there?
the best conspiracy theory i saw posted was japan handling north korea dumping REAL bonds on the open market though
the best conspiracy theory i saw posted was japan handling north korea dumping REAL bonds on the open market though
Posted on 6/15/09 at 8:36 pm to SlowFlowPro
quote:
if it's counterfeit, and it's north korean, that's a worry to me. $134B is a bit of money. how much more is out there?
There's definitely something very espionage-ish about it that I find highly intriguing, especially given the magnificent sum. But the question about how much more is out there is really my point. It's not like its cash, $500 Million bearer bonds aren't exactly liquid to begin with, so its pretty unlikely they're mass producing them to sell to other unsuspecting Swiss bankers, or whoever else could possibly be dumb enough to think they were legit in the first place. Other than whatever sneaky ancillary activities this whole deal is tied into, which will be the real story IMO, I can't see how it has any effect on any markets.
Posted on 6/15/09 at 9:28 pm to kfizzle85
quote:
It's not like its cash, $500 Million bearer bonds aren't exactly liquid to begin with
bullshite, I just bought 20 of them for $50 off a guy standing outside the local Hit'n'Run... how much more liquid can you get then that?
Posted on 6/15/09 at 9:31 pm to igoringa
Amsterdam will probably buy some from you. He manages money.
Posted on 6/15/09 at 11:10 pm to kfizzle85
I hate it when dudes get busted with $200Billion worth of bonds and the somehow the cops misreport it to the media.
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