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Glenn Beck on the counterfeit bonds

June 20, 2009
By Ken Worsley


Glenn Beck is passionate, the only US commentator willing to discuss the subject, but doesn’t really get the issue. His guest, however, is dead on at times, while sounding like someone who doesn’t have a basic understanding of how the Treasury works at others in the video that follows. The fact is that over two weeks since the two men carrying these bonds were arrested, the truth about what they were doing has not yet been made public:

My favorite quote: “Is a dollar really worth 100 cents, or is it worth less than that?”

Dude, I think they explained that in third grade, at least at Cathoilc Schoool. Aquinas can explain it pretty easily in terms of math.

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Comments

One Response to “Glenn Beck on the counterfeit bonds”

  1. Matt at AnarchyJapan on June 21st, 2009 7:15 am

    There was an article about this in the Mainichi Shimbun.

    Here’s the link:
    http://mainichi.jp/select/world/news/20090616dde041040016000c.html

    I put a rough translation up at my site. Corrections would be welcome.

    My personal theory about this is that it’s a scam whereby they tell someone they are trying to to dump the bonds and need your help. They ask for some money up front and then keep the money. But, of course, who knows?

    The actual quality of the bonds is not at all clear to me. Perhaps it’s not as high as some have suggested?

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