Freakonomics
Jun. 12th, 2009 09:48 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
glocka134.5 == 134.5
10x![[info]](https://l-stat.livejournal.com/img/userinfo.gif)
hojja_nusreddin
UPDATE
The bonds the Italian authorities seized earlier this month were bearer bonds. That means they are unregistered – whoever holds the physical piece of paper owns the instrument.
This is where the plot really thickens. Since the passing of the US Tax and Fiscal Responsibility Act in 1982, the US doesn’t officially issue this kind of bond anymore. And according to the Treasury’s own figures, the approximate amount of debt outstanding in bearer bonds as of May 2009 is just over $100 billion – roughly $34 billion less than the amount wound up in a false-bottomed suitcase on a train from Milan to Switzerland.
It seems the only way the bonds could be real is if the Treasury has been issuing bonds it doesn’t want anyone to know about.
UPDATE
FREE TIBET
with purchase of a country of equal or greater spiritual value.
10x
hojja_nusreddinUPDATE
The bonds the Italian authorities seized earlier this month were bearer bonds. That means they are unregistered – whoever holds the physical piece of paper owns the instrument.
This is where the plot really thickens. Since the passing of the US Tax and Fiscal Responsibility Act in 1982, the US doesn’t officially issue this kind of bond anymore. And according to the Treasury’s own figures, the approximate amount of debt outstanding in bearer bonds as of May 2009 is just over $100 billion – roughly $34 billion less than the amount wound up in a false-bottomed suitcase on a train from Milan to Switzerland.
It seems the only way the bonds could be real is if the Treasury has been issuing bonds it doesn’t want anyone to know about.
UPDATE
FREE TIBET
with purchase of a country of equal or greater spiritual value.
