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Agoracom Blog
Grandich on Michael Campbell Radio Show
Posted by
at 11:00 AM on Sunday, June 21st, 2009
Peter,
Do you know what kind of impact this possible merger between Xstrata and Anglo American, could have on NDM or NAK’s share price, if any.
Thanks,
Ryan
@@ DESTINY LOST @@
Perhaps you’ve heard about the $138 Biliion in US Bonds that 2 Japanese men were trying to smuggle into Switzerland and were caught?
http://www.thetreeofliberty.com/vb/showthread.php?t=65088
There’s plenty on ‘Google’ about the matter and the Official U.S. Treasury statement is that they are definitely counterfeit ‘FAKES’.
But what’s the real story?
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Bond market insight is that these were genuine U.S. Bonds in huge denominations that only a government could buy or sell. It’s almost a certainty that the Bonds were being delivered to circumvent the ‘DTC’ (Depository Trust Corp). All secutity transactions, Bonds including stocks are cleared through the DTC by securities law.
There was probably an illegal Black Market or offline transaction to bypass posting the transaction at a deep discount. Japan was most likely the party selling the Bonds, perhaps to a Mideast nation, or they were going to try selling them offline at a deep discount.
In an ordinary transaction, the market would not be able to absorb news of the sale without setting off a panic and markdown of the entire World’s value of U.S. Bonds. Banks and institutions might become upside down based on the loss of value through markdowns.
Thus they were labeled ‘Counterfeit’ by an official U.S. Treasury statement, but it would be virtually impossible to perpetrate such a fraud upon a government, and the smallest denomination was $500 Million.
That’s how deperate they are, trying to get out of U.S. Bonds
Like the Bible says – - Neither A Borrower Nor A Lender Be.
We’ve got them right where we want them. Either they throw more money down the rat hole or the world blows apart. Which will it be?
Starquestor, I believe the quote is from Shakespeare’s Hamlet, not the Bible.
Rightly or wrongly, borrowing and lending underpins all of our Western economies.
Why did they carrie the bonds in such a manner. perhaps maybe they knew that they in no way they were going to get thru customs without being cought? Was that just the beginning to notify the world that they are desperate to get rid of the U.S. currency and enter into a ” one world currency “?
Klaus Willmann, thanks for consistently being a voice of reason, accuracy, and intellectual integrity here amid all the right-wing hysterical overstatements and distortions the darkly clouded religious minds of many of these posters tend to produce. Thanks for challenging their paranoid fantasy world. It’s one of the strangest sites on the web: decent market advice mixed with vile religious, political,and social ramblings.
Eddie A, thanks for the kind words. This site is fascinating – sort of like a car crash. You don’t want to look, but you feel compelled to. I follow Peter’s blog mainly for the market info (Peter is one of a fairly small number of sharp market guys I like to listen to). I love the posts that have real information, and I try to ignore the flotsam and jetsam of fact-free opinion, but every now and then I just can’t contain myself.
Klauss & Eddie …. I now pronounce you ‘Man & Wife’.
Starquestor, thanks for being exhibit A for the morally crippling effects of a religiously clouded and confused mind! Oh, and bone up on that Shakespeare of yours so you quit confusing it with the Bible!