Tuesday, September 01, 2009

FLASHBACK: Two Japanese Men Detained in Italy at Swiss Border With $134,000,000,000 in U.S. Treasury Bonds

When this story first broke a few months ago about two Japanese men trying to sneak into Switzerland with $134 billion in U.S. treasury bonds, I did not hear much information except for from the alternative media. Some people felt that it was a sign the economy was headed for an imminent collapse. I even heard that the bonds may have been counterfeits.

I didn't report on this story, because I could not confirm the details and the potential disinformation. I will email this Bloomberg reporter to see if there is any further update on these matters and update this blog post accordingly.

Japan is investigating reports two of its citizens were detained in Italy after allegedly attempting to take $134 billion worth of U.S. bonds over the border into Switzerland.

“Italian authorities are in the midst of the investigation, and haven’t yet confirmed the details, including whether they are Japanese citizens or not,”
Takeshi Akamatsu, a spokesman for the Ministry of Foreign Affairs, said by telephone today in Tokyo. “Our consulate in Milan is continuing efforts to confirm the reports.”

Source: Bloomberg

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