Monday, June 15, 2009

Weird stuff going on

Voltron says: I'm back on the west coast.

The foreign press has been covering news of 2 Japanese citizens caught with $134 BILLION in $500 million US Treasury bearer bonds. It seems unlikely to me that they are counterfeit because if it was part of a fraud, smaller denominations would seem more practical.

At the same time, the Japanese finance minister says "our trust in U.S. Treasuries is absolutely unshakable."

There is also over 10 million in gold missing from the Royal Canadian Mint, which explains why I have not been able to open an account there through Kitco.

Foreign holdings of US debt is falling as the US credit rating is at risk.

No comments: