The Mystery of the Smuggled U.S. “Bearer” Bonds

The United States Treasury Department issues bonds as a form of debt financing. Government bonds are considered free of credit risk because of the government’s ability to raise taxes to service these bonds at maturity. The undeclared “bearer bonds” included 249 certificates worth $500 million apiece and 10 "Kennedy bonds" of $1 billion each. There are few news reports... Read More

Red Hot Cold War

1997. Riots broke loose in the streets. Years of money streaming into the Thai economy had come to a sudden end—the baht had collapsed. The economic jolt would wipe billions out of the economy. The shockwave would rattle the surrounding economies in Southeast Asia. Billionaire investor George Soros would be held as a “Satan” by the local Thai population for what it... Read More