I have to say that I enjoy a good conspiracy theory as much as the next guy but I tend to only share the most implausible ones. I read this update to the story from June 3rd of the two Japanese businessmen traveling between Switzerland and Italy with $134.5B in US bonds smuggled in a false bottom of their briefcase and just had to pass it on.
The news story reported that the inventory of bonds consisted of:
249 U.S. Treasury bonds each worth $500M US
10 U.S. Kennedy bonds worth $1B US each
Now for the conspiracy theory:
I know I shouldn't pass this stuff on but I'm really enjoying the conspiracy theorists going back and forth on this. Some say the securities were real, some say they were fake, everyone agrees that if they were real, Italy just hit the jackpot. If they turn out to be fake, there are two customs guys that have stopped patting themselves on the back.
The best part of this story is in the details. The number and value of the bonds, where they were stored, how they were smuggled, how these guys were caught, etc.
Unfortunately for us, the reporting in Italy is not what they are known for.
Enjoy the laughs as much as I have.
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