The One Thing: 6/19

" What -- here's the one thing when the media completely ignores the biggest fraud in history. Conspiracy theories are going to give birth. We told you about the two middle aged guys would Japanese passports who were stopped by Italian police after trying to enter Switzerland. With a 134. Point five billion dollars worth of US treasury bonds put this into perspective. That is about as many treasury bonds as our held by the United Kingdom. Got it it's more than what's held by Russia it's 1%. Of our GDP. This story broke in June 1. What's the date today. How come there is under reporting and -- reporting on this story it has the bohemian grove. Crowd to licking their chops to go it's -- the Al on fire again. They're probably already registering -- for their next conspiracy website. We must know the facts of this story. Under reporting means no facts no -- means speculation. And speculation ends up looking like this these are just a few of the stories that have come out. Bloomberg -- columnist wrote. Are these would be smugglers agents of Kim Jong -- North Korea's cash in -- with small. Bag man for Nigerian Internet spammers. Was the money meant for terrorists looking to buy nuclear warheads. Is Japan dumping its dollars secretly. -- that those -- the stories you can find. So we know the questions. But what are the answers what in the fact. It's there are many and we have been on the phone with Washington all day we've been on the phone -- Italy all day and Japan all day. We can't get any facts. -- at least ten reliable news sources today are reporting. That the bonds now are deemed to be fake but there are other reliable sources that are saying no no not so fast. Our bureau of public -- debt. Suggests that their board -- their bogus. Here's a quote however from the treasury when we asked them today. Quote based on the pictures we've seen via the Internet the securities are crude fakes and quote."

" Possibly the biggest scam in history and that's -- isn't Google's. It's let me know -- and there's our guys. And I'll IA did break -- on this it's only a 130 point four point five billion dollars. The apparent lack of investigating. In this story is leaving all of these questions unanswered questions like. If these funds were so obviously -- why is it taken over two weeks for that information to come out. This isn't the run of the mill scam this is huge. 1% of our GDP. Why are people ignoring it. This makes Bernie Madoff look like a petty thief if economies. Were for sale. These two guys -- these bonds could buy Slovakia Croatia and Mongolia. It is sold big that it's real confidence in the dollar wouldn't plummet. But apparently not big enough for the authorities to bother. Even holding on to these guys. Our researchers couldn't find any wires or major dailies -- official word on whether these guys are still in custody. I'll show you the the phone that the game that we played today with our own government. Trying to find out if any -- are these guys in jail what are their names. Reports from the Financial Times and at least two credible Japanese papers suggest that these guys have been released. -- If I make a mistake on my income tax. The IRS. You know is -- in my Turbotax at my door within ten minutes in -- Timothy Geithner. But if you get caught with -- Auburn 34 point five billion dollars in our treasuries the reaction is let it -- We're too busy now Billy the state Coolio noting his stay in jail can you stop by a week. This. Where are these two. -- are these -- and why won't do anyone comment on it why aren't the Italian police releasing any information. Or at least verify. That they know where these two are. With so many questions left and answer and no one in the media think of this. 1% of our GDP is either counterfeit. Or real. And the story hasn't been in the New York Times yet."

" That's weird isn't. That's why we're left with speculation there's talk of four possible scenarios that I want to -- to you real quick here they are. First keystone cops these guys are just a couple of slobs and they're acting alone they printed -- these treasurys up. But we've only seen the pictures on the Internet. So we don't know but that one doesn't make sense and -- explain here in a minute. Second one economic terror some -- state may be in league with the mob the Chinese Japanese Russian. Italian. Already the Venezuela. And the Italian mob had been working together. I believe -- Italian money. Things -- bogus bonds for Italian bonds. A while back. We don't know third one is some country is quietly getting out -- US dollars somebody may be like China or Japan or Russia. To say and I want to get out of this but they don't want to collapse of the dollar so they're doing it quietly. And the fourth one is really troubling. The treasury or the Federal Reserve is selling black market bonds or double dealing someway or another maybe because they know. Of the -- possible deflation of the dollar they just can't they just can't sell this many bonds okay. The worst. Is it were running another set of books were already running four sets of books -- New York but I mean in Washington DC why would that. Would -- surprise anybody. Hopefully it's just keystone cops but we don't know these are guesses no one is answering questions. And if this story just dies mark my word America. Two years from now when our dollar really starts to lose its value and we can't sell our bonds because we have too much debt and none of the this stuff happened it was keystone cops. This conspiracy theory will gain power. And we're going to have to listen to yet another drug induced Charlie Sheen theory about how we were destroying our self. We must have transparency."