maxkeiser.com / by Janet Tavakoli / December 27, 2013
The Return of the 1875 Peru “Gold” Bond Scam: Guano-Crazy
Earlier this week I spoke to an “investor” in a trust backed by a $1,000 Peru “gold” bond of 1875, also known as guano bonds. According to this scam, only three of the bonds in existence are redeemable, and you have one of the lucky three! The bonds are worth hundreds of millions, no trillions, because the much lower number that bond math gives doesn’t matter when you make phony claims about worthless bonds. The con artists claim late and ex-presidents have all successfully monetized these bonds, because using big names is a way to provide false social proof to those desperate to believe in phantoms.