Fake US bonds $20 billion in Italy

Quote from peilthetraveler:

Only $20 billion? Thats nothing compared to these guys caught with 134 billion in fake bonds.

Or this guy caught with $302 billion in fake bonds.

Or the Grandaddy of all scams....

2.1 TRILLION in fake bonds.
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Why was this not posted in elitetrader earlier?
 
Quote from peilthetraveler:

Or the Grandaddy of all scams....

2.1 TRILLION in fake bonds.
More...
But the most important question is nobody in the world has $2 Trillion. Only governments have multi-trillion dollars. So who will purchase $2 Trillion of USA bonds?
 
Quote from bearice:

But the most important question is nobody in the world has $2 Trillion. Only governments have multi-trillion dollars. So who will purchase $2 Trillion of USA bonds?
More...

Maybe they need to manufacture fake ones to cancel out all the failures to deliver.....
 
Quote from bearice:

But the most important question is nobody in the world has $2 Trillion. Only governments have multi-trillion dollars. So who will purchase $2 Trillion of USA bonds?
More...

I already answered that. They likely were not going to sell them, but use them as colateral for loans and such. There are alot of complex financial transactions out there. For instance, they could be forming many corporations then listing assets as 1 billion using the t-bonds. Then having books audited by lowly paid CPAs who dont know about fake bonds, but just see the bonds and assume they are real, then the whole world thinks they have 1 billion in assets and they get loans for their projects and do this a couple of times with several corporations so they never have to put money down. If the project is profitable, the banks are never the wiser. Everyone gets paid and everyone wins. Thats just 1 example.
 
Quote from peilthetraveler:

I already answered that. They likely were not going to sell them, but use them as colateral for loans and such. There are alot of complex financial transactions out there. For instance, they could be forming many corporations then listing assets as 1 billion using the t-bonds. Then having books audited by lowly paid CPAs who dont know about fake bonds, but just see the bonds and assume they are real, then the whole world thinks they have 1 billion in assets and they get loans for their projects and do this a couple of times with several corporations so they never have to put money down. If the project is profitable, the banks are never the wiser. Everyone gets paid and everyone wins. Thats just 1 example.
More...
Big thanks. Everybody needed this information.
 
What about arresting the counterfeiters at the FEDERAL RESERVE / Bureau of Printing and Engraving?

Oh I forgot, you can't cut in on the action of the Central Bankers.
 
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