Two Japanese were detained at the border between Switzerland and Italy carrying $134 Billion dollars in US Federal Reserve and Treasury bonds hidden in the bottom of a suitcase.  If they are real a 40% fine is payable to the Italians.  Market Ticker considers the implications:

But folks: This is $134.5 billion dollars worth.

If they’re real, what government (the only entity that would have such a cache) is trying to unload them?

Notice, by the way, that the US Media has totally ignored this story – even though the securities in question are allegedly US instruments.

Gee, I wonder why?  Might the authorities know they’re real and be just a wee bit nervous that disclosure of a sovereign attempting to covertly dump nearly $140 billion in debt could cause a wee bit of panic, given that we’re running nearly $200 billion a month in deficits?

Inquiring minds want to know what’s really going on here.

Zero Hedge has a link from an Italian periodical with the following pic: