North Korea's Counterfeit

In the 1990s North Korea was one of the largest, and best producers of counterfeit technology and used it to counterfeit U.S. dollars. Problem is they still do that. However a news story from Italy where several people were arrested for holding 160 Billion dollars in bonds has caught my attention. Only 4 nations in the world hold more than 160 Billion dollars of United States debt. This means no person could possibly have that amount of bonds in their posession.

Two possibilities for this incident are they are real and countries are trying to get rid of their bonds in fear of a deflated U.S. dollar, or they are counterfeit. An expert has said only a country could counterfeit the bonds due to the required resources to do so. North Korea seems to be, for a nation with extreme poverty, doing a lot with its military - and seemingly only its military. Such policies are expensive. So, how would they be able to afford it? Just print the money or the bonds apparently. I am not saying it is North Korea behind the bonds, but it seems likely to me.