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$6 Trillion In Fake US Treasury Bonds Seized In Switzerland

Posted by timothy on from the that's-ok-the-official-ones-are-fake-too dept.

ackthpt writes "If you're going to steal, steal big, right? Italian anti-mafia prosecutors have announced the seizure of $6 trillion of allegedly fake U.S. Treasury bonds, an amount that's almost half of the U.S.'s public debt. The probe focusing upon money laundering has also include financial dealings alleged to direct money to Nigerian sources to buy plutonium. Sound like a movie plot, yet? $6 Trillion, that's a lot of lettuce."

1 of 199 comments (clear)

  1. Wow, Zero Hedge is going full on truther there by Sycraft-fu · · Score: 5, Insightful

    Seriously, that is the dumbest conspiracy theory I've seen. The fact aside all the truther bullshit of "9/11 was an inside job" there's no way the bonds were real on account of the amount. In 1940 the US debt was only about $43 billion dollars (the GDP was only $97 billion). So there weren't $6 trillion of bonds floating around. The debt didn't hit the $6 trillion mark until late 2002 (the GDP was about $10 trillion). However, dates of the bonds aside, the treasury doesn't issue physical notes anymore. They are all just electronic entries in a database. Far more convenient, secure, and trackable.

    Might want to lay off the conspiracy sites. Here's a hint: If someone starts going on about 9/11 being an inside job, they are a conspiracy nut.