4 ms·

I don't believe the Treasuries' statement for a second, because it is precisely the only statement the could make regardless of the truth of the matter.

by TrevorJ 17y ago

deleted 17y ago
[deleted]
adamhowell 17y ago
Haha, dude read the story: "Meyerhardt said Treasury records show an estimated $105.4 billion in bearer bonds have yet to be surrendered." and: "Had the notes been genuine, the pair would have been the U.S. government’s fourth-biggest creditor, ahead of the U.K. with $128 billion of U.S. debt and just behind Russia, which is owed $138 billion."
- TrevorJ 17y ago
  So we are supposing that our declared dept figures are accurate?
Eliezer 17y ago
I do believe the Treasury's statement, even though it adds little information (i.e. the Treasury would be expected to say the same thing regardless) since reasonable bloggers have advocated the same conclusion with some degree of supporting detail about who probably did it and it being a classic scam.
dinkumthinkum 17y ago
You don't believe it? You've got to be kidding.You think it's Black Helicopter Tin Foil Hat time? First of all, if they were not fake, it would quickly be found out they are legitimate from other sources and the government would look ridiculous. Nevertheless, you really find it more believable that they actually seized $135 Billion in bonds from the 1950s from two dumb dumbs crossing the border in Italy? Cool. I have a bridge you might be interested in and for only a fee $50,000 I can give you access to vault filled with $1Million US in Lagos, Nigeria if you are interested.
- TrevorJ 17y ago
  "the government would look ridiculous." You criticize me and then make my point for me. No matter what the truth of the matter is the only thing the treasury would say publicly is that they are fakes, that's my point. Even if a portion of the bonds where real you would never hear about it. Period. Find out from whom? Other bondholders? Why would they want to destabilize the value of the bonds they hold? No, I'm not saying they must be fakes. But come on, do you REALLY think the treasury is completely open about all of it's dealings? There is a reason we went off the the silver standard. There's all sorts of slight of hand you can perform with fiat money that you can't get away with if it needs to be backed up 1:1 with silver.
  - dinkumthinkum 17y ago
    No, revealing a cover-up of such a thing is much more embarrasing than the original problem.

I don't believe the Treasuries' statement for a second, because it is precisely the only statement the could make regardless of the truth of the matter.

by TrevorJ 17y ago

I don't believe the Treasuries' statement for a second, because it is precisely the only statement the could make regardless of the truth of the matter.

deleted 17y ago

[deleted]

adamhowell 17y ago

Haha, dude read the story: "Meyerhardt said Treasury records show an estimated $105.4 billion in bearer bonds have yet to be surrendered." and: "Had the notes been genuine, the pair would have been the U.S. government’s fourth-biggest creditor, ahead of the U.K. with $128 billion of U.S. debt and just behind Russia, which is owed $138 billion."

TrevorJ 17y ago
So we are supposing that our declared dept figures are accurate?

Eliezer 17y ago

I do believe the Treasury's statement, even though it adds little information (i.e. the Treasury would be expected to say the same thing regardless) since reasonable bloggers have advocated the same conclusion with some degree of supporting detail about who probably did it and it being a classic scam.

dinkumthinkum 17y ago

You don't believe it? You've got to be kidding.You think it's Black Helicopter Tin Foil Hat time? First of all, if they were not fake, it would quickly be found out they are legitimate from other sources and the government would look ridiculous. Nevertheless, you really find it more believable that they actually seized $135 Billion in bonds from the 1950s from two dumb dumbs crossing the border in Italy? Cool. I have a bridge you might be interested in and for only a fee $50,000 I can give you access to vault filled with $1Million US in Lagos, Nigeria if you are interested.

TrevorJ 17y ago
"the government would look ridiculous." You criticize me and then make my point for me. No matter what the truth of the matter is the only thing the treasury would say publicly is that they are fakes, that's my point. Even if a portion of the bonds where real you would never hear about it. Period. Find out from whom? Other bondholders? Why would they want to destabilize the value of the bonds they hold? No, I'm not saying they must be fakes. But come on, do you REALLY think the treasury is completely open about all of it's dealings? There is a reason we went off the the silver standard. There's all sorts of slight of hand you can perform with fiat money that you can't get away with if it needs to be backed up 1:1 with silver.
- dinkumthinkum 17y ago
  No, revealing a cover-up of such a thing is much more embarrasing than the original problem.