UPDATE: $134 Billion US Bearer Bonds Mystery - Is It Solved?

Not yet.

Not even close.

There are still far more questions than answers relating to this bizarre case and the more that comes out about it, the more strange it gets.

Bloomberg has been keeping tabs on it. Bill Pesek runs down some interesting notes on the sheer magnitude of dollars represented by these instruments:

249 $500 million certificates
10 $1 billion certificates

These two men (if they're the rightful owners of these presumably legitimate bonds) would be the US's fourth largest creditor.

This figure is more than the debt of the country of Brazil.

It's equivalent to the GDP of New Zealand.


These are truly staggering figures folks. Why isn't it getting larger, front page headlines?

That answer may lie in whatever the reality of origins of these bonds actually is.

If they're fake:
- Why?
- Who's counterfeiting this ridiculous amount? There are only a handful of entities in the world who can transact with these.
- Who are they intended for?

If they're real:
- uh oh...
- Who's sneaking them around? And, for whom?
- Does it signal a weakening in the faith in the US Dollar as the world currency?
- Where were they going with them?
- What were they trying to do with them?
- Who, ultimately is behind all of this?

Somebody has some serious explaining to do.

Maybe ABC can get the inside scoop on this while they're doing their exclusive, inside the Whitehouse, one-sided, 'no other viewpoints allowed' special on Herr Kommandant Obama's 'health care reform'...