This story is getting NO play in the media, except for a report from Glenn Beck. A staggering sum in US Treasury Bonds was seized on the Italian border, which is an amount, whether or not they are counterfeit or authentic, that could only have been held or produced by a sizable government, as is pointed out in this clip:
Rewind to February and Rep. Paul Kanjorski on C-SPAN setting the record straight on the September financial crisis and TARP timeline.
There are quite a few stunning statements in the clip, but the one that struck my memory when I heard about the treasury bonds was the electronic run on the banks on September 15, which like the bond seizure got zero play in the news:
Are these “incidents” related? It’s difficult to say, particularly so when no one wants to report on it. It seems to me that if I owned a media outlet, I’d be doing a little investigatory reporting on this.
This story, besides the obvious security threats, has everything to do with the value of our currency, which is precarious due to the unsustainable spending, borrowing, and printing that’s been going on for too long and increased exponentially since the fall of 2008.
To those of us who realize how much money has been spent, borrowed, and printed just in the last six months, it comes as no real surprise when other nations start calling for moving away from the dollar. Unfortunately, we’ve expected this to start any minute.
There was some talk about this earlier this year and around the time of the G20 Conference.
Just today, Russian President Medvedev called for a new reserve currency. I wonder if any of us understand the full implications of the world going off of the dollar.
We don’t have two more cents to spend, yet there is a blizzard of bills sitting in Congress as I write this proposing to spend billions of dollars. The President’s Health Care program is reported to require over $1 trillion in new spending.
We’re broke, hanging on the edge of a financial cliff. Everyone reading this should write, call, and email their representatives and tell them to stop spending Monopoly money!