Such high denominations would not have existed in 1934, the purported issue date of the notes, Mecarelli said. Moreover, the “Kennedy” classification of the bonds doesn’t appear to exist, he said.
saulgoodman: Well, it might be because they likely don't exist.
jamjam: They may have been seized at the Italian border on the way into Switzerland because they originated in Italy and have been sitting there somewhere since WWII, essentially without value and relevant only as historical curiosities.
jamjam: Banks in trouble need increased fractional reserves-- cash on hand in other words-- to avoid failing, and these perfect forgeries would be the absolutely ideal injection of cash to keep a failing bank afloat. Sitting in the vault of a massive, established Swiss bank, few people would think to question their authenticity. If these guys had a buyer, as I think they almost certainly did, that means there is at least one major Swiss bank in dire straits.
delmoi: Oh come on. I seriously doubt that swiss banks can just 'magically' discover new reserves in their old vaults without some serious analysis, certainly not 134 billion dollars.
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