Update: Two Japanese Men Busted with $134 BILLION in US Bonds

Here's a very weak update (via Bloomberg, in English) to the story of these maybe/maybe not Japanese men busted smuggling $134 Billion in US bonds from Italy into Switzerland.

From the article:

"The Asahi newspaper reported today Italian police found bond certificates concealed in the bottom of luggage the two individuals were carrying on a train that stopped in Chiasso, near the Swiss border, on June 3.

The undeclared bonds included 249 certificates worth $500 million each, the Asahi said, citing Italian authorities. The case was reported earlier in Italian newspapers Il Giornale and La Repubblica and by the Ansa news agency. "


Counterfeit? Real? Japanese nationals?

Who knows!

Whatever the real story behind this ultimately is, it could certainly have some far reaching implications.

$134 BILLION in US Bonds Seized At Italian Border

Nothing to see here folks - move along...

Two Japanese men busted trying to smuggle $134 Billion in US bonds from Italy into Switzerland.

The official release (in Italian)


Feel free to speculate as this isn't normal. Really, it isn't...