The sports world is abuzz with Cristiano Ronaldo’s acquisition by Real Madrid for a record-setting 96 million Euro transfer fee, but I think the real important story of the day is the capture of two Japanese citizens in Italy who were bound for Switzerland with $134 billion in possibly-counterfeit US securities in $500M and $1B denominations.
Interesting how this story keeps getting blacked-out in the mainstream press, don’t you think? Methinks I detect Kim Jong-Il’s hand in this. North Korea has been turning out high-quality counterfeit US money for over a decade, and it was only a matter of time before they started working on the really valuable stuff. Still, it’s only speculation at this point. Still, is anyone in the market for shady $500M US bonds?..