$37 TRILLION IN "PERISHABLE" PAPER STOCKS WERE ALLEGEDLY DESTROYED AT ONE PRIVATE COMPANY BY FLOODING AFTER HURRICANE SANDY IN NEW YORK, AND ALMOST 65,000 TROY OUNCES OF GOLD, PALLADIUM, AND PLATINUM BULLION "CANNOT BE ACCESSED FOR TRANSPORT BY ANOTHER"?
The Depository Trust & Clearing Corporation (DTCC)
DTCC IS A PRIVATE COMPANY THAT BOASTED $23 TRILLION IN ASSETS WAY BACK IN 2003. YES, TRILLION...
IT STATED A LOSS OF $37 TRILLION IN PAPER STOCKS IN ITS FLOODED BASEMENT IN NEW YORK IN THE AFTERMATH OF HURRICANE SANDY.
DTCC LEGALLY OWNED ALL THOSE STOCKS VIA A REAL LITTLE COMPANY CALLED "CEDE & COMPANY", WHICH MAY BE THE BEST-KEPT SECRET IN AMERICA, INC, A COMPANY MANY ERRONEOUSLY BELIEVE IS A "DUMMY COMPANY", A MERE FORMALITY SO THAT DTCC CAN HANDLE ALL THOSE STOCKS EASILY FOR INVESTORS.
WRONG!
WHAT IS PERHAPS MORE ALARMING IS THAT THE FEDERAL RESERVE ABSOLUTELY INSISTS THAT DTCC HANDLES EVERY, ALL, EACH BROKERAGE AND INSTITUTIONAL FIRM'S ' BOOK ENTRY SETTLEMENT TRANSACTIONS'.
YES, ALL, EVERY ONE.
THE FED HAS SPOKEN
GOING UP A LEVEL AS FAR AS ALARMS GO, THE FED ITSELF IS ALSO A PRIVATE ENTITY, NOT A PART OF THE FEDERAL GOVERNMENT, NOT IN ANY WAY (EXCEPT THAT IT OWNS THE FEDERAL GOVERNMENT) AND THE SAME GUYS WHO RUN THE FED ALSO RUN DTCC.
HOW VERY CONVENIENT IS THAT?
THIS AMIDST THE PENDING INDICTMENT OF BANKS, WASHINGTON FEDERAL OFFICIALS, AND COMRADES FOR RACKETEERING AND MONEY-LAUNDERING?
[IS THIS LIKE WHEN RUMSFELD ANNOUNCED ALMOST $3 TRILLION MISSING FROM THE PENTAGON AND THEN, A DAY OR SO LATER, THE PENTAGON WAS HIT BY THAT 9/11 'PLANE', RIGHT WHERE RECORDS WERE STORED?
[SEE VIDEO BELOW AT END OF PAGE.]
WHAT'S GOING ON HERE?
READY FOR MORE?
DTCC IS A BIT MORE THAN 34% OWNED BY THE NEW YORK STOCK EXCHANGE ON BEHALF OF ITS "MEMBERS".
"It is a limited purpose trust company and is a unit of the Federal Reserve." ---New York Stock Exchange, Inc.
WHO ARE AMONG ITS MEMBERS?
THE GUYS WHO OWN THE FED AND DTCC, NATURALLY.
THE SAME GUYS WHO BUY GOVERNMENT OFFICIALS AT CAMPAIGN TIME....DONATIONS AND ALL THAT, YOU SEE.
HERE'S HOW THE WHOLE THING WORKS:
<<If you're not aware how the system works, you should visit or call a stock broker or bank and instruct them you want to purchase some shares of common stock or a small municipal bond, for example.
They will set up a brokerage account for you and act as your agent with full durable power of attorney (which you must legally sign over to them) to conduct business on your behalf, upon your buy or sell instructions.
The broker will place your stock or bond purchase into their safekeeping under a "street name". According to Mr. McNeff of the DTC, no bank or broker can place any stock or bond into their firm's own name due to Federal Trade Commission (FTC) and Security and Exchange Commission (SEC) regulations.
The broker or bank must then send the transaction to the DTC for ledger posting or book entry settlement under mandate by the Federal Reserve System.
Remember, since your bank or broker can't use their name on the certificate, they use a fictitious street name.
"Since the DTC is a banking trust company, we can't hold the certificates in our name, so the DTC transfers the certificates to our own private holding company or nominee name." states Mr. McNeff.
The DTC's private holding company or street name, as shown on certificates we have personally examined from numerous certificate holders, is shown as either "CEDE and Company", "Cede Company" or "Cede & Co". >>
AFTER THAT, YOU HAVE NO REAL, NO ACTUAL, NO LEGAL CLAIM OVER THESE STOCKS/CERTIFICATES/BONDS.
WELL, THE DTCC STOCKS ARE A MESS, FLOODED, RUINED, OR SO WE'RE TOLD.
DTCC RELEASES STATEMENT ON $37 TRILLION IN DAMAGED STOCK CERTIFICATES
http://investmentwatchblog.com/dtcc-releases-statement-on-37-trillion-in-damaged-stock-certificates/
Trillions of Dollars of Securities May Have Been Destroyed by Hurricane Sandy
11/05/2012
http://www.zerohedge.com/contributed/2012-11-05/trillions-dollars-securities-may-have-been-destroyed-hurricane-sandy
<<The building remains inaccessible, but the lower floors are believed to be flooded. The full extent of the damage cannot be assessed until power is restored and the building is deemed safe to enter. The information is not lost, since it is stored on computer systems.>>
HOW EASILY ARE "ELECTRONIC" STOCKS CHANGED, MANIPULATED?
HOW EASY WOULD IT BE TO CHANGE THE NAMES OF THE STOCKHOLDER?
FROM CNN:
<<"Trillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have suffered water damage from Superstorm Sandy."
The international headquarters for DTCC and its Cede & Co. and Deriv/SERV subsidiaries is located at 55 Water Street in Manhattan, and the vault storing trillions in stock certificates and other instruments was apparently flooded by Hurricane Sandy.>>
http://buzz.money.cnn.com/2012/11/02/stock-certificates-sandy/
ACTUALLY, CNN, IT'S IN THE NEIGHBORHOOD OF $37 TRILLION...BUT WHO REALLY KNOWS?
SEE MY BLOG ON THIS POWERFUL PRIVATE COMPANY THAT HANDLES TRANSACTIONS FOR THE FEDERAL GOVERNMENT HERE:
http://havacuppahemlock1.blogspot.com/2013/02/13-quadrillion-of-federal-securities.html
$1.3 QUADRILLION OF FEDERAL SECURITIES HANDLED BY ONE PRIVATE COMPANY!
FROM THEIR OWN WEBSITE, DTCC STALLS (ummm, I mean states):
http://www.dtcc.com/superstorm_sandy.php
DTCC Client Update
Certificate Restoration and Physical Processing
Tuesday, December 4, 2012
<<Certificates Moved to Secure Location
DTCC’s subsidiary DTC has completed the relocation of all physical certificates - previously located in its securities vault - to a secure location outside of 55 Water Street. Details of the new location will remain confidential for security purposes.
The certificate restoration process is now in progress. DTC will provide an assessment of the condition of the physical securities as soon as a thorough analysis of all certificates has been completed.
As announced earlier, significant flooding and water damage occurred throughout the facility. DTC has retained highly-recognized, well-respected disaster recovery and expert restoration firms who are carefully and diligently addressing the certificate damages caused by the storm. DTC maintains a robust, fully intact, certificate inventory file with ownership information that can be replicated from our multiple data centers.
Declaration of Unavailable Certificate(s) and Limited Indemnity (“Declaration”)
DTC recently agreed with the Securities Transfer Association (STA) on the protocol for the presentment of evidence of ownership in lieu of the original certificates which are currently inaccessible. As previously announced, the agreement balances the needs of the transfer agents, paying agents, and issuers, while facilitating DTC’s ability to efficiently continue physical processing on behalf of the industry while its vault inventory is inaccessible.>>
Who in their right mind would store paper documents in underground storage, i.e. below sea level, and not protect them from water damage?
PERHAPS those who want to see them "DISAPPEAR"?
Zenshaman.com reported 12/01.2012 on the DTCC flooding as well, but also noted another "victim" of the flooding on the East Coast:
"Collapse of Precious Metals Market?"
http://zenshaman.com/collapse-of-precious-metals-market/
<<Since Hurricane Sandy struck the East coast several weeks ago, many things have been either under-reported, or not reported at all. In my opinion, the biggest piece of news being under-reported is CME Group declared a force majeure at one of its New York precious metals depositories yesterday, run by bullion dealer and major coin dealer Manfra, Tordella and Brooks (MTB), due to “operational limitations” posed by Hurricane Sandy.
MTB has “operational limitations” following Hurricane Sandy and can’t load gold bullion, platinum bullion or palladium bullion, CME Group Inc., the parent of the Comex and New York Mercantile Exchange, said today in a statement.
MTB must provide holders with metal at Brinks Inc. in New York to meet current outstanding warrants in relevant delivery periods with compensation for costs, Chicago-based CME said.
The CME said that MTB will not be able to deliver metal as the lower Manhattan company deals with “operational limitations” almost a month after the arrival of Hurricane Sandy.
MTB is one of five depositories licensed to deliver gold against CME’s benchmark 100-troy ounce gold contract, held 29,276 troy ounces of gold and 33,000 troy ounces of palladium as of Nov. 23, according to data from CME subsidiary Comex.”
(source -http://www.zerohedge.com/news/2012-11-27/cme-declares-force-majeure…)>>
Zenshaman goes on to say:
<<In a white paper earlier this year, it said that it cost the financial industry almost $300m to replace $16 billion of certificates that disappeared in the collapse of the World Trade Center in 2001.”
The last piece of information is this video from James Turk, Chairman of GoldMoney and co-author of The Collapse of the Dollar (2004), about his claim that central banks are holding less in their physical gold reserves than many assume.
http://www.youtube.com/watch?feature=player_embedded&v=cYnEAHIwn5E
http://youtu.be/cYnEAHIwn5E >>
HOW CONVENIENT THIS FLOODING TOOK OUT SOOOO MUCH 'PAPER'!
RACKETEERING AND MONEY LAUNDERING BANKS AND MEGA-CORPORATIONS MAY WANT TO BUY A HAARP STATION OR 3 AND STEER THOSE HURRICANES WHERE THEY NEED THEM MOST!
THIS COULD MAKE THEM...WELL, TRILLIONS!
IS THERE ANY DOUBT WHERE THE TRAIL WILL END SINCE DTTC HANDLES THINGS FOR THE FEDS, AND HOW MANY FEDS ARE NAMED IN THIS SUIT!
<<James N. Fiedler, Managing Partner of Spire Law Group, LLP, stated: "It is hard for me to believe as a 47-year lawyer that our nation's guardians have been unwilling to stop this theft.
Spire Law Group, LLP stands for the elimination of corruption and implementation of lawful strategies, and that is what we're doing here. Spire Law Group, LLP's charter is to not allow such corruption to go unanswered." >>
WHY HASN'T CONGRESS TAKEN THIS TO COURT?
WHY HAS NO ONE BEEN INDICTED ALREADY?
MAYBE BECAUSE OUR FEDERAL GOVERNMENT IS COMPLICIT IN THIS?
MAYBE BECAUSE WALL STREET AND THE BANKING CARTEL OWN CONGRESS?
OR BECAUSE OUR CONGRESSMEN OWN STOCKS IN SOME OF THESE BANKS/BUSINESSES?
I'D REALLY LIKE TO KNOW, WOULD YOU?
"Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP's Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury"
Oct. 25, 2012,
<<Spire Law Group, LLP's national home owners' lawsuit, pending in the venue where the "Banksters" control their $43 trillion racketeering scheme (New York) - known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the "Banksters" and their U.S. racketeering partners and joint venturers - now pinpoints the identities of the key racketeering partners of the "Banksters" located in the highest offices of government and acting for their own self-interests.
In connection with the federal lawsuit now pending in the United States District Court in Brooklyn, New York (Case No. 12-cv-04269-JBW-RML).
The case further alleges that through these obscure foreign companies, Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, and numerous other federally chartered banks stole trillions of dollars of home owners' and taxpayers' money during the last decade and then laundered it through offshore companies. >>
Well, in any case, the paper is wet, the ink has run, the 'recovery' is in limbo and the Market is keeping a nice lid on the far-reaching implications of this, as are the MSM behind-kissers who should be keeping us all up-to-date!
[I bet Mitt is extra happy he has HIS $$$$$$$$$$$$$ in off-shore accounts now!
I'd wager ALL our "Americans" with off-shore accounts are still smiling just like Mitt, 'Daddy' Bush, and a cast of thousands.
Where, oh where, are those TRILLION$ in Wanta Funds Reagan and Bush1 hid so well?]
HOW'S THAT RECOVERY COMING ALONG, REALLY, DTCC?
HOW ABOUT SOME VIDEO COVERAGE, MAYBE SOME DATE-STAMPED PHOTOS OF ALL THAT DAMAGE?
HOW ABOUT AN EXPLANATION OF HOW YOU COULD HAVE BEEN THAT LAX, AND THAT DOWNRIGHT STUPID?
OR WERE YOU STUPID?
THE VERY NEXT DAY THE FILES THAT MAY HAVE EXPLAINED THIS WERE
ALL DESTROYED ON 9/11/2001.
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