MAIN ST. NEWS: BLACK MARCH 2012- Money

People kill for money, people die for money, people make Wars for money, people spend their lives looking for money, people give away their organs for money, people beg for money, people make love for money, people lose their souls for money, people have no money to eat, people waste their money, people live for money, people make laws for money, people break the law for money, people sue for money, people cheat for money, people lose their homes for money, people leave their countries for money, people work and give their time for money, people only create for money, people only invent for money, people live empty lives for money and people... some people only care about money because that's the meaning to their life here on earth.

BLACK MARCH 2012 

MAKE A STAND THIS YEAR 

AGAINST CONSUMERISM AND GREED 

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WORLD PROBLEMS: RT- Italian police seize fake bonds worth a third of US national debt

Published: 18 February, 2012, 16:37

Edited: 19 February, 2012, 11:22

Italian Carabinieri display fake U.S. Treasury bonds during a news conference in the southern Italian city of Potenza February 17, 2012. (REUTERS/Stringer Italy)

A huge batch of fake US Treasury bonds worth some $6 trillion – more than a third of the US national debt – has been seized by Italian police. Eight Italians have been arrested and accused of a large-scale international fraud.

The fake bonds and other securities were seized from a Swiss trust company during a joint operation by Italian, Swiss, and US authorities. The fake certificates signed "Chicago, Illinois, Federal Reserve Bank" were stored in trunks stamped with “Federal Reserve System, Treaty of Versailles” marks. The bonds were carrying the false date of issue of 1934.

The forgers were planning to use the fake certificates as collateral to secure loans in a number of Swiss banks, prosecutor of the southern Italian city of Potenza said as cited by Reuters.

The investigation began over a year ago as a trivial probe into Italian mafia loan-sharking. However, after the Italian authorities uncovered an international network plotting a full-scale fraud, they called upon their Swiss and US colleagues. The US experts helped to identify the bonds as fakes.

This is not the first attempt to defraud Swiss banks with fake US bonds, but the most ambitious so far.

In 2009 the officers of the Italian financial police arrested two Japanese nationals who tried to cross the Italian border and enter Switzerland with a suitcase full of fake US treasury bonds worth $134.5 billion. 

In a similar incident in 2009 two Filipinos were arrested at Milan Airport with a bag of fake US bonds amounting to some $180 billion.

In January last year six smugglers were arrested during a routine search at a highway rest shop. They were carrying a briefcase full of fake bonds valued at approximately $20 billion.

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