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Friday, February 17, 2012

Why Were The Trillions In Fake Bonds Held In Chicago Fed Crates?

Tyler Durden's picture




While there is precious little in terms of detail coming out of the latest and literally greatest "fake" bond story in history, the BBC has been kind enough to release the pictures of the boxes that the supposedly fake bonds were contained in. While we reserve judgment on the authenticity of the bonds, what we wonder is whether the boxes were also fake. Because while we can understand why someone would counterfeit the Treasury paper itself, what we don't get is why someone would go the extra effort to also create a "fake" compartment in which to store it. In this case a compartment that is property of the "CHICAGO FEDERAL RESERVE SYSTEM." Perhaps Fed uberdove and Chicago Fed President Charles Evans will be kind enough to explain why Versailles Treaty Chicago Fed crates are floating around in Europe (and filled with $6 trillion in supposedly fake bearer bonds)?

What is also interesting is that a simple google search for Mother Box Treaty of Versailles yields the following:
Transferring rights over Mother Box Treaty of Versailles 1934-Illinois Bank
We transfer rights over Mother Box Treaty of Versailles 1934-Illinois Bank having the next status:
1. Has been verified by the authorities, being legal, certain and real existence.-
2. With SKR in an Reputable Security House in an European Country .-
3. History of mother box and baby boxes (13 ) certified by a public notary.-
4. Print amount in the front of Mother Box includes:
M.B. Control...G7777xxxxxxxxxxxx
Serial
Sec Code
Public Debt Nº
Total Face Value: Three Trillions
5. Inside 13 baby boxes closed, with certificates, numbers, size and height.-
6. 13 JPG Images (In High Definition) Front, Up, Down, Right, Left, Inside, each with notary seal and sign.-
Transfer rights under conditions as follows:
1. Deal only with direct interested with Bank POF (Proof of Funds) in hands (Non negotiable point).
2. No broker chains or pretenders in the middle.
3. Verification when buyer wants and wish face to face.
4. Meeting with the owner without problem, ever in the European Country.
5. We are able and open mind about any reasonable offer.
6. We not send images, numbers of information in advance.
7. First step for any interested person: LOI and Passport.
8. Second step: We reply with the same.
9. Third Step: Both parties disclose addresses, phone numbers, mails and skype (Owners don´t speak english)
10. Operation is clear: after all previous steps is Box against Money.
If interest please write to secretisimo@mail.com

And some other examples of Chicago Fed Mother Boxes courtesy of divinecosmos:







And below is a fascinating, if entirely uncorroborated account on the provenance of these boxes, once again courtesy of Divine Cosmos. Unwittingly, the counterfeiters may have stumbled upon something they had no idea about:


 
 



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Fri, 02/17/2012 - 11:12 | 2169833 dexter_morgan
dexter_morgan's picture
Seems much of our political scum seems to come from Chicago nowdays.........but these do look fake based on the lettering.
Fri, 02/17/2012 - 11:12 | 2169835 surf0766
surf0766's picture
It is filled with toilet paper !!!!!!!!!!!!!!!!!!!!!!!!!!!!
Fri, 02/17/2012 - 11:16 | 2169838 ziggy59
ziggy59's picture
Counterfeit bonds in a counterfeit market
Fri, 02/17/2012 - 11:12 | 2169842 kito
kito's picture
sniff...sniff....sniff..i smell me a conspiracy............
Fri, 02/17/2012 - 11:13 | 2169844 johnnymustardseed
johnnymustardseed's picture
Real treasuries and fake treasuries are both fake money
Fri, 02/17/2012 - 11:16 | 2169864 GMadScientist
GMadScientist's picture
Don't worry. The ECB will still accept them as collateral.
Fri, 02/17/2012 - 11:15 | 2169851 I_Am_
I_Am_'s picture
good grief........seems to be no sanctity in anything. When and how does this madness end?
Fri, 02/17/2012 - 11:17 | 2169866 GMadScientist
GMadScientist's picture
Soon. In tears.
Fri, 02/17/2012 - 11:14 | 2169855 resurger
resurger's picture
so what's the end game of all this shit? Can someone please explain.... AM HAVING A MIND FREEZE.
THIS IS THE HEADLINE OF 2012 NO DOUBT!
Fri, 02/17/2012 - 11:37 | 2169990 resurger
resurger's picture
thnx Con
do you recommend shortning stox today? if any of you bear raiding let me know.. ill tank starting with long vxx and tvix
Fri, 02/17/2012 - 11:15 | 2169856 walküre
walküre's picture
If the bonds are not fake, the US debt is much bigger than they're admitting. Frankly, that's probably what we all know deep down inside. The debt has been building higher and higher since the creation of the Fed and they've done everything they could to hide it. Maybe WW2 was meant to destroy all remnants of the debt.
I'm less inclined to believe the bonds are fake. I'm more interested to know whether or not the bonds still have a value and can be collected.
I think it's time the TROIKA comes to town!
Fri, 02/17/2012 - 11:33 | 2169974 GeezerGeek
GeezerGeek's picture
Obama should confiscate them and use them to reduce the official government debt. (Don't ask me how that would work, this is just mindless speculation.) Then he can get reelected by claiming he reduced the debt by 40%. It would give him room to avoid having to renegotiate the debt ceiling in September or October.
Then the total U.S. debt would be about the same as now when he retires in 2017, as he could run $1.5 trillion deficits for four more years.
Fri, 02/17/2012 - 11:17 | 2169869 fonestar
fonestar's picture
In Rickards book, he basically says that there is no threat posed by someone dumping USTs on the market all at once.  So what "security threat" did these fake bonds pose exactly?
Fri, 02/17/2012 - 11:25 | 2169936 seek
seek's picture
The threat would be, if they are real, that the UST issued more debt than reported. A lot more debt.
So if they were authenticated, it would severely compromise faith in US debt, and create a lot of very uncomfortable questions at home, which will never be asked by the media lapdogs, but might get mentioned on a blog or two.
Fri, 02/17/2012 - 12:00 | 2170099 LowProfile
LowProfile's picture
I have a feeling that these bonds are real.
Why would someone go through the trouble of counterfeiting a something that is the equivalent of a piece of history, these when the chance of passing them would be nil?  You would be better off spending your efforts counterfeiting 1000 EUR notes, it would be about as difficult, and they would be easier to pass, and you'd actually get something in return (as opposed to trying to cash trillions of dollars of bonds).
I'm sure the Chinese now realize that to enforce their contracts, force of law won't be enough at this point. Either that, or they will simply dump their treasury holdings and drive gold to the moon.  Or both.
Unless they can be satisfied doing that, or have some other way to insure they are repaid, I suggest that everybody go long Sunburst and Dong Feng 21D missiles.
Fri, 02/17/2012 - 11:17 | 2169874 rsnoble
rsnoble's picture
Well if the bonds are confiscated and are also claimed fake.........then no one can cash in on them right?  They're probably real and were given to the Mafia way back when for who knows what lol.
Fri, 02/17/2012 - 11:58 | 2170093 rsnoble
rsnoble's picture
Just read the article beneath the pics. Interesting.
Fri, 02/17/2012 - 11:18 | 2169878 Crispy
Crispy's picture
If paper were liquid we would need a bigger boat right about now.
Fri, 02/17/2012 - 11:19 | 2169886 SilverRhino
SilverRhino's picture
Things that may you go what the fuck???
Fri, 02/17/2012 - 11:19 | 2169890 economessed
economessed's picture
Fake bonds are like fake breasts -- hard to take your eyes off of, fun to play with; but ultimately, they are just over-compensating for much larger issues of inadequacy by the owner.
Fri, 02/17/2012 - 11:23 | 2169891 LouisDega
LouisDega's picture
Hmmmmmmmm... Im intrigued. Why were they? I gots ta know
Fri, 02/17/2012 - 11:20 | 2169895 maneco
Fri, 02/17/2012 - 11:20 | 2169898 dontgoforit
dontgoforit's picture
SARCASM - because beating the crap out of someone is illegal.  Given EU's situation these bonds may have been their ace in the hole!
Fri, 02/17/2012 - 11:21 | 2169904 alien-IQ
alien-IQ's picture
Perhaps in all the excitement, somebody forgot to transfer the bonds to the crates marked "Property of Al-Qaeda"?
Fri, 02/17/2012 - 11:21 | 2169907 surf0766
surf0766's picture
If they were real ,could these be gold backed?
Fri, 02/17/2012 - 11:27 | 2169908 Eally Ucked
Eally Ucked's picture
http://upintelligence.multiply.com/photos/album/10?&show_interstitial=1&u=%2Fphotos%2Falbum#photo=136
1 billion face value bond from 1934, many more images of boxes and bonds at this site.
Fri, 02/17/2012 - 11:21 | 2169910 GMadScientist
GMadScientist's picture
So imagine you're a Euro-douche with too many zooro on hand and you'd like to "diversify" into something that can (theoretically) be redeemed in a less doom-prone currency (by degrees anyway).
Who better to take advantage of with fake bearer bonds?
What'll they do...report they were defrauded while attempting to evade currency controls and taxation?!
The IBM love dumb Euro money.
Fri, 02/17/2012 - 11:22 | 2169916 TradingJoe
TradingJoe's picture
"They were trying to sell them back to Benjie":)))
Fri, 02/17/2012 - 11:23 | 2169920 Dr. Engali
Dr. Engali's picture
Maybe uncle sam should do that with all the outsatnding debt. Debt? What debt? It's all fake. We don't owe you anything.
Fri, 02/17/2012 - 11:23 | 2169922 rsnoble
rsnoble's picture
Forensic evidence: Notice the dust on the crate and the fading of the letters? They've been around awhile.
Fri, 02/17/2012 - 11:30 | 2169959 GMadScientist
GMadScientist's picture
So the stuff in the back window of my car is valuable now?
Fri, 02/17/2012 - 11:34 | 2169979 rsnoble
rsnoble's picture
Just a posibility. For instance anyone that does storage auctions knows that units covered in dust have a much larger % of containing something old and valuable than a well organized, shiny plastic piece of shit filled with China crap.
Fri, 02/17/2012 - 11:24 | 2169923 PicassoInActions
PicassoInActions's picture
soon the word "million"  and "billion" will disapear from dictionarry.
wtf, when people hears that some1 stole a million it's like... who cares that's not money.
I never had in my hands more than 50k in cash.
This numbers are getting wierd quickly.
Fri, 02/17/2012 - 11:25 | 2169929 Flakmeister
Flakmeister's picture
Santelli just jumped the shark....
Pretty sad if I do say so....
Fri, 02/17/2012 - 11:46 | 2170024 samsara
samsara's picture
what did he say?
Fri, 02/17/2012 - 11:25 | 2169930 dontgoforit
dontgoforit's picture
Pappillion strikes again!  Go butterfly!
Fri, 02/17/2012 - 11:25 | 2169933 aerial view
aerial view's picture
Oh, I'm sure that somehow Iran is behind this terrorist act: must be time for war again.
Fri, 02/17/2012 - 11:51 | 2170058 Mad Max
Mad Max's picture
Awwww mom, I'm not finished with my last war!  Can't we wait?
Fri, 02/17/2012 - 11:26 | 2169935 Sutton
Sutton's picture
Seriously, isn't this what Ben does every day?
Counterfeiting.
He bought 91% of newly issued government  bonds last year.
How?Where does his money come from?
And we get stuck with 100 dollar oil, when it could be 30 dollars. 4 bucks at the pump instead of 1.70
the FED slaughters the common man for Jamie Dimon's benefit.
Fri, 02/17/2012 - 11:30 | 2169958 rsnoble
rsnoble's picture
I think it's coming to a head. They overshot critical mass and the momentum behind it is still pushing it much farther out.  Someone's gona get their teeth knocked out when it comes back in. Putting it mildly.
Fri, 02/17/2012 - 11:26 | 2169939 Yen Cross
Yen Cross's picture
 LMAO! I know the Swiss value privacy, but Mobsters building fake compartments in safe deposit boxes takes the cake!
Fri, 02/17/2012 - 11:27 | 2169943 Norsky
Norsky's picture
Call Geraldo! It must be Al Capone's lost treasure.
Fri, 02/17/2012 - 11:27 | 2169945 gwar5
gwar5's picture
If the plan is to euthanize the USD, this is one step closer to it. Getting rid of the USD as the WRC looks to be the end game.
The primary thought by the banker elites seems to be to get rid of the USD at the same time the EURO goes extinct, making way for a transition to a one world currency that the BRICs will buy into to prevent an Asian WRC.



Fri, 02/17/2012 - 11:30 | 2169962 Dr. Gonzo
Dr. Gonzo's picture
I always laugh when gold haters say we can't use gold as money because counterfitters could find a way to make fake money.
Fri, 02/17/2012 - 11:30 | 2169964 Archduke
Archduke's picture
anybody remember the $ 1.34Bn UST bonds smuggled by two mysterious
japanese courriers, also intercepted at the Swiss border in 2009?

http://zerohedge.blogspot.com/2009/06/about-those-bonds.html
Fri, 02/17/2012 - 11:30 | 2169965 mayhem_korner
mayhem_korner's picture


Does this mean the U.S. can write off $6T of its debt?  Would give some nice headroom to the debt ceiling debate.  :D
Fri, 02/17/2012 - 12:01 | 2170109 Eally Ucked
Eally Ucked's picture
No, US has to return gold and then they get back their bonds.
Fri, 02/17/2012 - 11:31 | 2169966 Wakanda
Wakanda's picture
Talk to Chuck (Evans)!
Fri, 02/17/2012 - 11:31 | 2169968 jomama
jomama's picture
i wonder who has the equipment to produce fake bonds? probably the same entity that cranks out all those counterfeit 100$ bills as well?
Fri, 02/17/2012 - 11:36 | 2169986 Yen Cross
Yen Cross's picture
I'll take North Korea for 100 Alex.
Fri, 02/17/2012 - 11:39 | 2170000 hangemhigh77
hangemhigh77's picture
Bing bing bing bing.....WE HAVE A WINNER!!!!!!!!
Fri, 02/17/2012 - 11:32 | 2169970 Zero Govt
Zero Govt's picture
"..what we don't get is why someone would go the extra effort to also create a "fake" compartment in which to store it."
It's not fake
Govt is the biggest criminal enterprise in every country, around the globe.
The crates are real from the real criminals in/behind Govt
The cash that "just fukng disappeared" in Iraq under US military stewardship is the same "vapourised" money that disappeared under Donald Rumsfeld and John Corzine
Govt: the biggest Gangland Crooks in history (tax is robbery don't you know that already?)
Fri, 02/17/2012 - 11:32 | 2169971 RafterManFMJ
RafterManFMJ's picture


Pretty clear exactly what is going on here:
Mr. China: "I'd like to redeem/sell this stack of 1.1 trillion US Securites, please?"
Uncle Slaver, making a show of closely examining the pile: "Sorry! It's pretty clear these are all fake. But I am authorized to help you save face by offering you this single gold coin for the pile."
Fri, 02/17/2012 - 11:32 | 2169972 buzlightening
buzlightening's picture
Excuse me while I act surprised.  dead head fed goon platoon wants to crash the dollar and bring us to all out war in the middle east. lil scamBO needs a good old fashioned monetary crisis to win re-election.  l
Fri, 02/17/2012 - 11:34 | 2169977 Sandmann
Sandmann's picture
Were they in mrs Romney's Swiss account ?
Fri, 02/17/2012 - 11:34 | 2169982 Timmay
Timmay's picture
Hmm, fake printed money. How quaint.
Fri, 02/17/2012 - 11:35 | 2169984 Byte Me
Byte Me's picture
Wonder if anyone can get him to swap it for a crate of FedEx delivered computer trash?
Sounds like a Vlad though...
Fri, 02/17/2012 - 11:37 | 2169989 sabra1
sabra1's picture
that was to be the new reserve currency!
Fri, 02/17/2012 - 11:38 | 2169992 hangemhigh77
hangemhigh77's picture
Someone didn't get paid off.  Ooooops.
Fri, 02/17/2012 - 11:39 | 2169999 Internet Tough Guy
Internet Tough Guy's picture
I'll trade you the Ark of the Covenant for some gen-u-wine radioactive material scraped from the dials of 10000 old watches.
Fri, 02/17/2012 - 11:39 | 2170003 derryb
derryb's picture
Nice scam, issue bonds for lots of asian gold and then many years later claim the bonds are fake. I don't believe the Dragon Family will let this go without a violent fight.
Fri, 02/17/2012 - 11:40 | 2170006 yogibear
yogibear's picture
Bernanke and the Federal Reserve banksters have so much fiat trash sitting around. The US dollar is becoming a joke. The federal reserve has no intentions on protecting it.  So countries of the counterfiet away! China can finish in dumping all it's treasuries and afterwards join in.
Fri, 02/17/2012 - 11:41 | 2170009 zerotohero
zerotohero's picture
What if said bonds are actually the real deal but the spin doctors don't want that info hitting the marketplace so they call "Counterfeit" - hey crazier things have happened.
Fri, 02/17/2012 - 11:43 | 2170015 rsnoble
rsnoble's picture
As mentioned in my prior post which was laughed at, forensic evidence.
Also.......having been a sheetmetal worker for 20 years I would like to mention that the design and mfg of these crates in the pictures in this article are consistent with the 1930's.   Not to mention the trouble it would have been to stamp out the letters etc. Not an impossible task but it's very hard to imitate "age".
Also I have dealt in antiques/auctions etc for the past 15 years and from my experience in dealing with old stuff just by looking at the pictures I would have to conclude that they crates are indeed authentic.  Of course I am not sure if my knowledge of what's going on in the world is subconciously affecting my descision.
The rusting, design of the handles, stamping, the welding, use of castings etc are all of a time when stuff was built to last and there was actually some amount of pride involved. 
Fri, 02/17/2012 - 11:44 | 2170018 falak pema
falak pema's picture
Goldylocks who posts here brought the Dragon family story to ZH forum. Its now balooning out. I remember listening to an interview with an American reporter from Forbes in Japan on some radio station in US who said it was all true, this dragon family lark.
Is the fake world now being outfaked by the banksta baked world? What a lark that would be!
Fri, 02/17/2012 - 11:44 | 2170020 Bill_Menshew
Bill_Menshew's picture
Although "maneco" posted the link he only refered to "more pictures" - that's not really the point if you follow the link.
The link is a blog by David Wilcock about a lawsuite filed recently.  I believe the most recent article (both posted on zerohedge) are disinformation attempts (not by zerohedge but the MSM).  I would suggest you follow the link and take the time to read through the blog that provides the history and evidence for the lawsuite.  The controllers of the system are in panic mode.
http://www.divinecosmos.com/start-here/davids-blog/1023-financial-tyranny
Fri, 02/17/2012 - 11:46 | 2170031 LookingWithAmazement
LookingWithAmazement's picture
Storm in a teacup.
Fri, 02/17/2012 - 11:47 | 2170039 YesWeKahn
YesWeKahn's picture
i don't see why they fake such a ugly and complicated box.
Fri, 02/17/2012 - 11:47 | 2170041 somethingelse
somethingelse's picture
Who's starring the movie about this?   Clive Owen?  Gerard Butler?  Ryan Gosling? 
Fri, 02/17/2012 - 11:59 | 2170091 zerotohero
zerotohero's picture
50 Cent
Fri, 02/17/2012 - 11:49 | 2170046 El Gordo
El Gordo's picture
It makes no difference if they are real or fake.  The real issue here is to see how the government dealt with them - namely, they just picked them up, declared them counterfeit, and presto, they are gone.  Who is to say that they won't handle future claims the same way.  No need to default on the debt, just declare it counterfeit, seize it, and walk away.  Who will ever know the difference?

Hey, you know those hot checks floating around out there drawn on my account?  Well, guess what, they are forgeries and counterfeits, so leave me alone.  What, you have security video clearly showing me executing the documents - no, you've just got video of my evil twin, so go away.
Fri, 02/17/2012 - 11:49 | 2170048 Yen Cross
Yen Cross's picture
I think it's time to bring "Ripley's believe it or not", out of retirement.
Fri, 02/17/2012 - 11:51 | 2170054 xela2200
xela2200's picture
I am laughing and crying while I read the article.
Fri, 02/17/2012 - 11:52 | 2170064 lagrossebertha
lagrossebertha's picture
sexy woman's feet on those photos
Fri, 02/17/2012 - 11:52 | 2170065 vh070
vh070's picture
Hey!  Those are mine.  I got an email from Nigeria that says so.
Fri, 02/17/2012 - 11:54 | 2170071 Jim in MN
Jim in MN's picture
Maybe the point is that the Treaty of Versailles specified gold as the unit of measure.
From the text of the treaty regarding reparations:
Payments required to be made in gold or its equivalent on account of the proved claims of the Allied and Associated Powers may at any time be accepted by the Commission in the form of chattels, properties, commodities, businesses, rights, concessions within or without German territory, ships, bonds, shares or securities of any kind, or currencies of Germany or other States, the value of such substitutes for good being fixed at a fair and just amount by the Commission itself.
Fri, 02/17/2012 - 11:57 | 2170085 CapTool
CapTool's picture
Thw guy who put the patina on these should have used a cloth and a sponge. You can see the brush strokes, idjit.
Fri, 02/17/2012 - 12:01 | 2170108 Jim in MN
Jim in MN's picture
LOL this is from six years ago.

http://answers.yahoo.com/question/index?qid=20060915234111AAdOzlL

Q: I have purchased a sealed box of Bank of Chicago series of 1934 issue of Treaty of Versailles? What is it???
Fri, 02/17/2012 - 12:01 | 2170110 unclebill
unclebill's picture
Somehow I am not surprised....... :/

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