BELLACIAO - The $3 Trillion Scam: An Economic 9-11? - Collective Bellaciao: "Monday 25th April 2005 (23h43) :
The $3 Trillion Scam: An Economic 9-11?
5 comment(s).
An Economic 9-11?
An interesting story appeared briefly a few days ago. Two men were arrested with three trillion (with a 't') in fake US Federal Reserve Negotiable Certificates, sometimes called 'bearer bonds'. What is interesting about the story is how the US Mainstream media pretty much ignored the whole thing. Considering the non-stop coverage given the Michael Jackson molestation trial, the avoidence of a story of a three trillion dollar crime called attention to itself.
Details of the story are sketchy. Acting on a tip, Philippine police arrested two men in the process of paying for a shipment of some iron boxes to Zurich. Upon opening the boxes, police discovered what was first reported to be Federal Reserve notes, then later corrected to 'certificates', totaling three trillion dollars. The two arrested men were released on bail, warrants issued for two other men involved in the crime... and there the story ends.
Why?
Three trillion dollars, even in fake money, should be a huge story. And, for much of the foreign press, it has been. But here in the US, the story is over before it has begun.
So, what was such a huge amount of counterfeit money intended for in Zurich? Normally, currency counterfeiters sell their product through a large distributed chain of passers, who will pay some fraction of the face value of the currency, then spend it in stores, etc. But counterfeit beaerer bonds headed for Zurich strongly suggest the destination was a bank.
So, what happens when three trillion shows up all at one time? At the very least, three trillion dollars worth of paper dumped into the US economy at one time would trigger a sudden inflationary spiral; the usual result of too much cash chasing too few goods and services. Three trillion dollars in bonds presented for redemption through the banks in Zurich could trigger a run on the Federal Reserve itself, as even the Federal Reserve does not keep that kind of cash or even gold reserves at hand. Since the bonds were fakes, the ultimate mastermind could care less if the "money" was lost, and anyone willing to "lose" three trillion dollars in just the right way could bring down the entire US stock market.
George Bush and his neocons need a "terrorist" attack to justify the invasion of Iran, and a staged economic terrorist attack, executed from behind the anonymity of the Swiss Banks would be ideal. Blame for the crash of the US eocnomy could be shifted onto a scapegoat such as Iran, and off of the Congress that has borrowed this nation into ruin over the decades. The infamous FEMA Executive Orders, the means by which the nation can be turned into a legal dictatorship, include an economic crisis among the list of conditions under which the President can suspend the Constitution.
Three trillion in fake Federal Reserve Certificates could do huge damage to the nation, yet the mainstream media that screams "terrorism" everytime a taxicab backfires in Bahgdad has totally buried this story.
Why?
----------------------------------------------------
http://www.whatreallyhappened.com/e...
Note:
I posted the entire story because the story disappeared from the Philippine Star. Why were these perps bailed out for $291 each?
The $3 Trillion Scam: An Economic 9-11?
5 comment(s).
An Economic 9-11?
An interesting story appeared briefly a few days ago. Two men were arrested with three trillion (with a 't') in fake US Federal Reserve Negotiable Certificates, sometimes called 'bearer bonds'. What is interesting about the story is how the US Mainstream media pretty much ignored the whole thing. Considering the non-stop coverage given the Michael Jackson molestation trial, the avoidence of a story of a three trillion dollar crime called attention to itself.
Details of the story are sketchy. Acting on a tip, Philippine police arrested two men in the process of paying for a shipment of some iron boxes to Zurich. Upon opening the boxes, police discovered what was first reported to be Federal Reserve notes, then later corrected to 'certificates', totaling three trillion dollars. The two arrested men were released on bail, warrants issued for two other men involved in the crime... and there the story ends.
Why?
Three trillion dollars, even in fake money, should be a huge story. And, for much of the foreign press, it has been. But here in the US, the story is over before it has begun.
So, what was such a huge amount of counterfeit money intended for in Zurich? Normally, currency counterfeiters sell their product through a large distributed chain of passers, who will pay some fraction of the face value of the currency, then spend it in stores, etc. But counterfeit beaerer bonds headed for Zurich strongly suggest the destination was a bank.
So, what happens when three trillion shows up all at one time? At the very least, three trillion dollars worth of paper dumped into the US economy at one time would trigger a sudden inflationary spiral; the usual result of too much cash chasing too few goods and services. Three trillion dollars in bonds presented for redemption through the banks in Zurich could trigger a run on the Federal Reserve itself, as even the Federal Reserve does not keep that kind of cash or even gold reserves at hand. Since the bonds were fakes, the ultimate mastermind could care less if the "money" was lost, and anyone willing to "lose" three trillion dollars in just the right way could bring down the entire US stock market.
George Bush and his neocons need a "terrorist" attack to justify the invasion of Iran, and a staged economic terrorist attack, executed from behind the anonymity of the Swiss Banks would be ideal. Blame for the crash of the US eocnomy could be shifted onto a scapegoat such as Iran, and off of the Congress that has borrowed this nation into ruin over the decades. The infamous FEMA Executive Orders, the means by which the nation can be turned into a legal dictatorship, include an economic crisis among the list of conditions under which the President can suspend the Constitution.
Three trillion in fake Federal Reserve Certificates could do huge damage to the nation, yet the mainstream media that screams "terrorism" everytime a taxicab backfires in Bahgdad has totally buried this story.
Why?
----------------------------------------------------
http://www.whatreallyhappened.com/e...
Note:
I posted the entire story because the story disappeared from the Philippine Star. Why were these perps bailed out for $291 each?
posted by gr8fuldaniel | 1:12 PM
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