The German newspaper WeltOnline Wirtschaft reported this afternoon that the authenticity check of the bonds is not yet complete but at least a portion of them are real. Apparently, this investigation is making headlines in Asia and Europe but not a peep out of the West. Most curious?

Note the article below originally produced in German and translated on Google.

Regards - VHF

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134 billion U.S. dollars in a suitcase

Bonds are probably smuggled genuine

13. June 2009, 13:57 o'clock

The contraband securities valued at 134 billion U.S. dollars are apparently real. The Italian financial police had two Japanese caught in the false bottom suitcase billion-dollar bonds in Switzerland wanted to create. The Fund benefited from the Heavily Italy.

At least part of the bonds worth 96 billion euros, the two men on the Italian border into Switzerland smuggle wanted, is probably real.

It said a representative of the Italian financial police Como on Saturday. Among the finds are ten so-called Kennedy-bonds to one billion dollars (715 million euros) and 249 U.S. government bonds with a nominal value of 500 million U.S. dollars each (about 358 million euros).

The tax collectors had the valuable papers on 3 Juni in the double bottom of a suitcase was discovered. The train traveling towards Switzerland owners - the information after two Japanese over 50 - were arrested on a provisional basis.

"As to the authenticity of the Kennedy-Bonds is concerned, we still have doubts, but the U.S. government bonds worth some 358 million euros seem credible. They are made of filigree paper of excellent quality," said Colonel Rodolfo Mecarelli. Moreover, the papers an extensive Bank in the original documentation.

The examination of the securities has not yet been completed. The Guardia di Finanza "investigating together with the American secret service. Mecarelli According to the Italian customs so far counterfeit securities with up to a billion dollars worth.

The huge smuggling scandal could prove to be unexpected cash injection for the indebted Italy out: If the authenticity of the securities threaten the smugglers high penalties, because it is prohibited, amounts in excess of 10,000 euros in non-EU countries which are without them at customs indicated. The state is expected to 40 percent of the total seized keep: These would be approximately 38.5 billion euros.