Photo: Swiss Guards serve as the Pope’s bodyguards.
On June 3, the Italians seize $134.5 billion in US Treasuries (maybe fake, maybe not) from two Japanese on the Swiss-Italian border. Under the law, the Italians may have the right to claim a healthy % of them.
On June 29th the Pope publishes a new encyclical, immediately prior to the G-8 meeting in Italy and President Obama’s visit to the Vatican, and calls for a new world order government by an international entity with teeth to enforce against US financial institutions.
Then, on July 8th, the Swiss government suddenly tells the IRS to p*** off with respect to the UBS case.
Just a coincidence?