Sunday, February 19, 2012

Really Grand Larceny

Sometimes there are things in the news that go way beyond my small brain capacity to comprehend, like when I read that in Italy police seize $6 trillion of fake U.S. T-bonds. I mean, counterfeiting $100 dollar bills I can grasp. But phony billion dollar T-bills? You can't spend those at the liquor store; the clerk wont have change. The total scope is amazing to me.

The fake securities, worth more than a third of U.S. national debt, were seized in January from a Swiss trust company where they were held in three large trunks.

Most of us (unless Bill Gates or Warren Buffet happen to be reading this) would consider a million dollars an amazing sum to have. We fantasize about what we'd do if we won the lottery, but it's usually a fairly mundane level fantasy: travel, buy a yacht, indulge our family and friends, that kind of luxury. With 6 million million, you could easily buy several countries. Or finance a couple of major wars...wait a minute...has anybody dusted those bills for Cheney's fingerprints?
(h/t to Pissed on Politics for the link)

No comments: