Points to Ponder

Thank goodness for small miracles.

I have a new mission in life ...
If you haven't read yesterday's posting, read this: Unless you hold stock certificates, the stock you think you own is probably owned by Cede & Co., the street name for Depository Trust Corporation. You are merely the "beneficial" owner.

I've done my research. Here's what I see:

A virtually unknown Depository Trust Company owns in excess of $19 Trillion dollars of OUR stock.
The DTC is a private bank that processes every stock and bond (paper securities) for all U.S. banks and brokerage houses.
Most people don't realize that when they open a brokerage account, they have entered into an contractural agreement allowing the broker to assign the stocks and bonds to an undisclosed creditor, the DTC.

A snippet from the above site:

The truth is, the securities you purchased and paid for with your hard earned money is collateral for the United Nations which is backed by the Federal Reserve System and it's associated agencies, such as the International Monetary Fund. Is it any wonder that the UN can operate year after year with increasing budgets, but without sufficient funds? The UN has nearly $19 Trillion of backing and reserves, thanks to millions of duped Americans. We are financing the New World Dis-Order with our stocks and bonds.

Here's a report from a broker who tried to withdraw from this arrangement.

You will receive the soft-sell from financial institutions, such as this one from CitiCorp. I've got news for you ... CitiCorp is no angel operation itself. I just closed out a home mortgage with them this summer. I'll spare you the details, but they lie, delay, and use your money for as long as they can.

I encourage readers to study all the document. Remember Black Friday? There is evidence that DTC caused it as an experiment in stock transactions. Me? I'm taking the advice to begin selling my stocks/bonds that are "book-entry" only, or where I am the "beneficial owner". Mutal funds? I haven't established a plan yet, but you can believe this ole boy wants something solid -- not simply electrons.

Fire up a search engine ...cede ... dtc ... depository trust corporation. Check it out for yourself.