21-06-2009, 06:22 PM
(This post was last modified: 21-06-2009, 06:24 PM by Jan Klimkowski.)
Again, speculatively, if these are genuine, but sub rosa, debt instruments of a sovereign government - eg the United States - and they were presented to a bank in Switzerland and acknowledged as genuine - eg by the US Secret Service and govt - presumably the payment of this debt would have to show up on an official American government balance sheet.
Even with crooked accounting, & allowing for Bush Crime Family & Enron-style smoke & mirrors, $134 billion is a pretty big turd to hide (copyright Ticker Forum). Where would the debit side of such a transaction be likely to be appear?
In reality, it appears these debt instruments - whether genuine or not - will not now be honoured. So, no balance sheet shenanigans have to take place.
Even with crooked accounting, & allowing for Bush Crime Family & Enron-style smoke & mirrors, $134 billion is a pretty big turd to hide (copyright Ticker Forum). Where would the debit side of such a transaction be likely to be appear?
In reality, it appears these debt instruments - whether genuine or not - will not now be honoured. So, no balance sheet shenanigans have to take place.
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war