by Anthony Wayne
Part I
This exclusive report is a compilation of interviews and background research
from October 1995 through April 1999.
Depository Trust Company (DTC) is the best kept secret in America.
Headquartered at 55 Water Street in New York City, the average American has no
clue that this financial institution is the most powerful banking corporation
in the world. The general public has no knowledge of what the DTC is or what
they do. How can a private banking trust company hold assets of over $19
trillion and be unknown? In a recent press release dated April 19, 1999, the
Depository Trust Company stated:
The Depository Trust Company (DTC) is the world's largest securities
depository, holding nearly $19 trillion in assets for its Participants and
their customers.... Last year, DTC processed over 164 million book-entry
deliveries valued at more than $77 trillion.
In dealing with the trust department of Midlantic Bank, N.A. in New Jersey [now
PNC Bank, N.A.], this writer was authorized, as trustee and power of attorney,
to transfer original trust assets comprising of common stocks and bonds to a
new trust set up in another jurisdiction. An Assistant Vice President from the
Trust & Financial Management Office of Midlantic Bank said to me "it
will take at least 6 weeks to do this as the majority of the stocks and bonds
are not held in the name of the trust". This same Midlantic Bank Assistant
V.P. also stated in a letter dated November 17, 1995, "Of the 11 municipal
bonds, 8 are held in book entry only. This means they cannot be physically
re-registered with a certificate sent to the new trustees." (* these are
not the actual figures quoted in the letter in order to protect the privacy of
the account holder, at their request. Also, we were asked not to name the
Midlantic Assistant V.P. in order to protect her privacy Rights. We respect
these requests with full moral compliance). In disbelief, I brought this matter
to the attention of our research assistants at the Christian Common Law Institute
[formerly the North Bridge News] and we began our lengthy investigation into
the matter. After 3 years, the can of worms we've opened up should frighten
every American. With the advent of reported Y2K computer glitches and the
possible collapse of our 'paper asset' economy, every person who has a stock or
bond in their portfolio had better read this report and act on the information
we are disclosing here.
In November 1995, after encountering numerous "no comments" and a
myriad of "that's not my department" excuses via telephone, I
eventually spoke with Mr. Jim McNeff who told me his position was Director of
Training for the DTC. He said he'd been employed there for 19 years and was
"very proud" of his employer. During my initial telephone interview, either
Jim's employer or some other unknown person or persons were illegally listening
or taping our telephone conversation according to the electronic eavesdropping
equipment we have installed on our end. Why did anyone feel it was necessary to
illegally record our conversation without advising us? Was some federal
alphabet agency monitoring DTC calls to safeguard National Security? That in
itself is suspicious enough to warrant a big red warning flag.
Jim informed me back then (1995) that "the DTC is the largest limited
trust company in the world with assets of $ 9.1 trillion". In July 1998, I
spoke with Ms. Rose Barnabic of the DTC Finance Department who said that
"DTC assets are currently estimated at around $11 trillion". As of
April 19, 1999, the DTC itself has stated that their assets total "nearly
$19 trillion" (see above). Mr. McNeff had also stated "the DTC is a
brokerage clearing firm and transfer center. We're a private bank for
securities. We handle the book entry transactions for all banks and brokers.
Every bank and brokerage firm must secure their membership with us in case they
become insolvent, so your assets are secure with DTC". Yes, you read that
correctly. The DTC is a private bank that processes every stock and bond (paper
securities) for all U.S. banks and brokerage houses. The big question is this;
Just who gave this private bank and trust company such a broad range of
financial power and clout?
The reason the public doesn't know about DTC is that they're a privately owned
depository bank for institutional and brokerage firms only. They process all of
their book entry settlement transactions. Jim McNeff said "There's no need
for the public to know about us... it's required by the Federal Reserve that
DTC handle all transactions". The Federal Reserve Corporation, a/k/a The
Federal Reserve System, is also a private company and is not an agency or
department of our federal government, according to the 1998 Federal Registry.
The Federal Reserve Board of Governors is listed, but they are not the owners.
The Federal Reserve Board, headed by Mr. Alan Greenspan, is nothing more than a
liaison advisory panel between the owners and the Federal Government. The FED,
as they are more commonly called, mandates that the DTC process every
securities transaction in the US. It's no wonder that the DTC (including the
Participants Trust Company, now the Mortgage-Backed Securities Division of the
DTC) is owned by the same stockholders as the Federal Reserve System. In other
words, the Depository Trust Company is really just a 'front' or a division of
the Federal Reserve System.
"DTC is 35.1% owned by the New York Stock Exchange on behalf of the
Exchange's members. It is operated by a separate management and has an
independent board of directors. It is a limited purpose trust company and is a
unit of the Federal Reserve." -New York Stock Exchange, Inc.
Now, let's see how this effects the average working American family. 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". We have searched every source known to learn who CEDE really is, but
have been unable to get any background information on them. Is Cede Company
fictitious or is their identity perhaps a larger secret than DTC? We must
presume that the information Mr. McNeff gave us was correct when he confirmed
that Cede Company was a controlled private holding company of the DTC. We have
now found the following proof that CEDE is real from the Bear Stearns internet
site:
NEW YORK, New York - March 16, 1999 - Bear Stearns Finance LLC today announced
that it will redeem all of the 6,000,000 outstanding 8.00% Exchangeable
Preferred Income Cumulative Shares, Series A ("EPICS") of Bear
Stearns Finance LLC, liquidation preference of $25.00 per Series A Share, CUSIP
number G09198105. All of the Series A Shares are held by Cede & Co., as
nominee of The Depository Trust Company, and the payment of the redemption
price will be made to Cede & Co. by ChaseMellon Shareholder Services, LLC,
as paying agent, whose address is: 85 Challenger Road, Ridgefield Park, New
Jersey 07660.
The banks and brokers are merely custodians for their clients. By federal law
(SEC), they cannot hold any assets in the customer's name. The assets must be
held in the name of DTC's holding company, CEDE & Co. That's how DTC has
more than $19 trillion dollars of assets in trust... or is it really in
"trust" if the private Federal Reserve System is technically holding
it in their "unknown" entity's name? Obviously, if stock and bond
certificates you've purchased aren't in your name, then the "holder"
(the Federal Reserve System) could theoretically refuse to surrender them back
to you under a "national emergency" according to the Trading with the
Enemy Act (as amended). Is this the collateral being held by the private
Federal Reserve System to pay off the national debt owed to them by our federal
government, first initiated by Lincoln's debt bonds of 1864?
According to Mr. McNeff, the DTC was a former member of the New York Stock
Exchange (NYSE), and "Our sister company is the National Securities
Clearing Corporation... the NSCC" (they have since merged). He was correct
since we now know that the NYSE holds 35.1% of the "ownership" of the
DTC on behalf of their NYSE members. Simply put, the Depository Trust Company
absolutely controls every paper asset transaction in the United States as well
as the majority of overseas transactions, and they now physically hold (as of
April 1999) 99% of all stock and bond book-entrys in their street name, not the
actual owner's names. If you have stock or bond certificates in your name
buried in your back yard or under your mattress, we suggest you keep them
there. If not, it might be very wise to cancel your brokerage account and power
of attorney status, re-register the stocks and bonds in your name (if you still
can), and keep them hidden where only you know their location. Otherwise, you
have absolutely no control over them (see Part II of our exclusive research
report on the DTC for more information on beneficial ownership status).
However, getting a stock or bond certificate these days is not so easy if
possible at all:
"For the most part, issuers know little about the role of the Depository
Trust Company (DTC). The DTC was created in 1973 as a user-owned cooperative for
post-trade settlement. Our members are banks and broker/dealers, whom we refer
to as participants. We handle listed and unlisted equities, including 51,000
equity issues and 170,000 corporate debt issues, equating to more than 78% of
shares outstanding on the New York Stock Exchange (NYSE). We also have more
than 95% of all municipals on deposit.
In the 1980s, the "Group of 30" [business leaders] recommended that
stock certificates be eliminated, because physical certificates create risk.
The Securities Exchange Commission (SEC) issued a concept release in 1994 to
gradually decrease certificates, providing optional direct registration on the
books of the issuer instead of a certificate.... this enhances the portability
of shares between transfer agents and brokerage accounts. With the direct
registration system, brokers transmit instructions to purchase through DTC,
which the issuer or transfer agent then registers, so shares can be delivered
electronically." -John D. Faith, Manager, Corporate Trust Services, The
Depository Trust Company (1996)
Now we're about to reveal to you the most shocking discovery we came across
during our research into this matter. Most of us remember a few years back the
purported computerized selling of stocks that resulted in Wall Street's
"Black Monday":
Dow Dives 508.32 Points in Panic on Wall Street
"The largest stock-market drop in Wall Street history occurred on
"Black Monday" -- October 19, 1987 -- when the Dow Jones Industrial
Average plunged 508.32 points, losing 22.6% of its total value. That fall far
surpassed the one-day loss of 12.9% that began the great stock market crash of
1929 and foreshadowed the Great Depression. The Dow's 1987 fall also triggered
panic selling and similar drops in stock markets worldwide" -Source: Facts
on File World News CD ROM
The stock exchanges had dramatic record losses, and a record volume of shares
were traded on that infamous Monday in October 1987. We all asked ourselves how
computers could have done this by themselves without someone knowing about it.
After all, someone has to program a computer to tell it what to do, what not to
do, or even when to do or not do it.
During my telephone conversation, Mr. McNeff was trying to assure me that they
[the DTC] have "never lost a certificate or made a mistake in a book
ledger transaction". In attempting to give me an example of how
trustworthy the DTC is when I asked him how he could back up such a statement,
he replied "DTC's first controlled test was 4 or 5 years ago. Do you remember
Black Monday? There were 535 million transactions on Monday, and 400 million
transactions on Tuesday". He was very proud to inform me that "DTC
cleared every transaction without a single glitch!". Read these quotes
again: He stated that Black Monday was a controlled test. Black Monday was a
deliberately manipulated disaster for many Americans at the whim of a
controlled test by the DTC.
What was the purpose of this test? Common sense tells you that you test
something before you intend to use it. It's quite obvious that the stock
markets are going to 'crash and burn' at some future date and for some
'unknown' reason since the controlled test was so successful. Was this just one
of the planned tests for a Y2K internationally planned worldwide economic
meltdown? The Great Depression is about to be repeated, and it will be as
deliberate and manipulated as the first one that began with the stock market
crash of 1929. We are, without a doubt, on the brink of the Mother of all
economic Depressions. As of May 3, 1999, the Dow Jones Industrial Average
(DJIA) went above a record 11,000 points. Just prior to the 1929 stock market
crash, Wall Street was posting record prices, record earnings, and record
profits.... just like the scenario we are experiencing today. Will Y2K be a
manipulated and deliberate a financial meltdown? Too many facts already support
this probability.
On June 7, 1995, the federal government issued a new regulation requiring stock
and bond certificate transfers to be cleared in three days instead of the
previous five day time period. It coincided with the infamous Regulation CC
that purportedly gave us faster three day availability of funds from deposited
checks. This means that brokers and banks must get your stock or bond
transaction into the street name (Cede & Co.) of the DTC within 3 working
days. That's hard to do considering banks claim it takes 3 or more days to
clear a check that you've submitted to pay for a stock purchase. But, there's a
reason for this new regulation and it coincides with the introduction of the
new FRS "dollars".
On February 22, 1996, "the DTC will flip the switch" according to Mr.
McNeff. "What switch?", I asked. "This is the day that clearing
house funds will no longer be accepted for stock or bond transactions" was
my reply from Jim. "Instead, only Fed Funds will be accepted". Fed
Funds, or a Fedwire, are electronic computer ledger debit transfers between
Federal Reserve System member banks. No checks or drafts have been allowed from
that day, just as Mr. McNeff accurately stated. This is more commonly called a
'cashless transaction'. I call it the reality of the mark of the beast. This is
the manifestation of the new international god, the New World Order [I prefer
the term 'New World DISorder' as a more accurate description].
Consider this my fellow Christian Americans: All pension funds and other
institutional 'managed funds' are comprised of paper asset investments such as
stocks, bonds, and mutual funds. These certificates are technically in the name
of DTC's private holding company, CEDE and Company. The DTC is owned by the
private Federal Reserve System owners (Click for a complete list of names).
Congress has attempted, on no less than two occasions since 1995, to pass
legislation allowing pension funds to be used by the government as purported
'loans'. All the Federal Reserve System has to do is hand it over. But, what
happens to the people counting on those pension fund investments in order to
feed themselves in their retirement? Too bad for them.... they're out of luck
because for the 'good of the nation', they may be forced to share or relinquish
their lifetime of hard-earned wealth. This can be done without the consent of
Congress under an Executive Order based on the War and Emergency Powers Act and
a state of National Emergency, just like we are already under (See further
Executive Orders). Since the Federal Reserve System already holds our stocks
and bonds in their fictitious DTC "street name", CEDE, then perhaps
they'll cash them in for the federal government's failure to repay the loans
that have become way overdue. Heck, some of Lincoln's gold backed bonds from
1864 have not been repaid yet.... and for a reason.
On March 6, 1933, all bullion gold and gold coins were forcibly taken from the
hands of private citizens (see New York Times). Under the War Powers Act,
President Roosevelt declared a national emergency touted as a "Banking
Holiday". It was declared due to the deliberately calculated stock market
crash that preceded the Great Depression. Where did this gold end up? Into the
hands of the Federal Reserve System owners. The majority is stored in the
impervious rock vaults they own beneath New York City. Is it any surprise that
the DTC physically holds all the remaining non-book entry issued stock and bond
certificates in the same place?
Technically, our entire nation is still under the Executive Order declaration
of the War Powers Act and in a continual state of national emergency (See
Clinton's 1994 Executive Order 12919). The President can enforce any new
emergency at any time under Executive Order or Presidential Directive. In 1995,
we [the former North Bridge News] published that we expected a new national
"dollar" emergency to be declared within a year or two. Just like we
thought at the time, they have now blamed it on the purported drug dealers who
are allegedly destroying our currency by money laundering schemes.
Since late 1996, old U.S. $100 FRB notes issued by the Federal Reserve Bank are
being exchanged for new $100 FRS issued by the Federal Reserve System. These
new notes have scanable magnetic platinum encryption on the plastic strips
embedded inside the bills. The U.S. Treasury claims this is for "the
blind". Now, new $20 and $50 FRS's are replacing the older notes as well.
What people don't realize is that very soon, the older FRB notes will no longer
be 'legal' and there will be a penalty for hoarding them. This is what happened
to those Americans holding gold and gold coins after 1933.
"We are most gratified with the successful introduction of the new $100
and $50 notes and look forward to the same success with the new $20s,"
Chairman Greenspan said. For the first time, a machine-readable capability has
been incorporated for the blind. A new feature in the $20 will facilitate the
development of convenient scanning devices that could identify the note as a
$20. -U.S. Treasury, Office of Public Affairs, RR-2449 released May 20, 1998.
Why new paper 'money' and for what purpose? Because the new FRS notes in your
pocket can be scanned and whoever scans them can know exactly how much money
you have on you. The older FRB notes are not encoded to do this. This writer
knows firsthand of at least one machine, manufactured by Diebold, Inc. (a/k/a
InterBold) that scans the money in your pockets, wallet or purse no different
in theory than a credit card scanner, but much more sophisticated. I
participated in a 'test' of this machine at a U.S. international airport in
1998. To me, it looks much like the standard metal detector scanners you walk
through at all airports. I was asked (by who I believe was a U.S. Treasury
Agent, as he introduced himself and flashed his ID quickly in my face so I
couldn't read it) if I had any of the new $100 or $50 bills in my pockets. I
looked in my wallet and saw I had one new $100 FRS note. I told him
"yes", then he said "Good, but don't tell me how much".
After saying he would "really appreciate it" if I would help them
with a test, he asked me to walk through what looked like a typical airport scanner.
No beeps. No noise. No sound at all. He looked at a computer screen and said
"Do you have a new $100 bill?". When I confirmed that was true, he
thanked me and told me to please move on. I tried to ask him how the machine
knew that, but he ignored my question. I took a good look at the scanning
system and believe I have now spotted them at Kennedy, Atlanta, Miami and Los
Angeles airports.
The odd part about this is that these machines seem to all be located in the
customs areas where you enter the U.S. from a foreign country. Obviously, they
want to know if someone is carrying more than $10,000 into the U.S. Common
sense dictates that they should be more concerned about people leaving with
more than $10,000 if they're really trying to thwart the drug dealers.... until
you begin to realize that there must be some other hidden agenda: They are
apparently going to stop money from entering the U.S. for a reason.
Will the President call for the confiscation of all gold bullion and bullion
coins as Roosevelt did? Who will end up with it? The Federal Reserve System
owners, just like before. Since June 1998, international gold supplies have
been so low that some private Swiss Banks have been paying a premium above the
market wholesale value for gold bullion. This was confirmed to us by a gold and
diamond mining Chief Executive from Rex Mining in Guinea, West Africa, who
supplies raw gold to a major Swiss Banking company smelter and processor The
spot gold market has been manipulated to keep the price low so that the Federal
Reserve System owners can purchase all that is available through their various
trusts and corporations. World gold availability on the open market is now at a
record low and mining production of gold is also at a record low output.
What happened to 'supply and demand' with gold and silver? Normally, when
supply is high the price decreases. When supply is low, precious metal prices
increase. Perhaps the private FED will peg the new dollar to gold prices, as
many experts have already speculated. What will stocks and bonds purchased with
old dollars be worth then? Pennies to the dollar, so to speak. Who ends up
being the only winner? The Federal Reserve System stockholders. They control
the circulation amounts of paper money in the U.S. Combine that with the new
scanner to stop large amounts from entering into the U.S., and the scenario
amounts to a planned shortage of paper FRS notes, the banning of the older FRB
notes, and the soon to be astronomical price of gold which most Americans will
be forbidden to have or hoard, once again. The facts we've presented in this
report all point to this.
People will be at the mercy of the federal government for daily food and for
jobs. Checks are soon to be totally phased out. Banks issue ATM debit cards and
tell you they must charge more for your account if you use a real live human
teller instead of the machine. The switch is being turned on. This is not
speculation. This is the truth of reality. It's already been tested, and their
new system works. Just ask Jim McNeff of the DTC.
The day has come when you must decide to accept or reject the beast and the New
World Disorder.
Part II
You don't own your
Stocks....or any of your Bonds...The Depository Trust Company does.
In Part I of this series, excerpts of which were first published in November
1995 by the former North Bridge News, we exposed The Depository Trust Company
(DTC) as the Unknown $ 9.1 Trillion Company. It appears that our startling
discoveries of the inner-workings of the DTC had only scratched the surface.
We'd like to add more fuel to this blazing fire by further exposing the DTC and
those behind it.
The Depository Trust Company has grown since October 1995. On July 1998, this
amount was estimated by a DTC employee at more than $11 Trillion. As of April
19, 1999, the DTC itself has stated in a press release that their asset value
is nearly $19 trillion. In 3 1/2 years, their assets increased nearly $ 10
Trillion. That's a lot of stocks and bonds supposedly held in trust. The latest
trend over the past ten years is for stock and bond brokers to offer
"book-entry ownership" only. Every book-entry stock or bond is
literally owned by the DTC. Since 1985, most bond and many stock issuers have
converted from the issuance of certificates to book-entry systems administered
and controlled by the DTC. As of March 1999, the National Securities Clearing
Corporation (NSCC) and the Participants Trust Company (PTC) are now merged into
the DTC. Practically, there isn't one stock or bond issued that is not controlled
by the DTC.
If you purchase any stock or bond through a broker, it is being held for you
under a "street name" by the DTC unless you have specifically
requested to hold the certificate yourself. If you have a book entry stock or
bond, you won't be issued a certificate. It's important to note that you have
purchased that particular stock or bond without becoming a registered holder of
the actual stock or bond certificate. Instead, you have become a beneficial
owner. The difference between the two is like night and day. Take the time to
absorb and understand the following definitions:
REGISTERED HOLDER- A Registered Holder literally possesses, owns, and holds,
his stock or bond with his name appearing on the face of the certificate. The
company that issued the certificate has registered the owner's (holder's) name
on their official books. This is the safest way to own a paper asset. You
literally possess the fully registered certificate and only you can transfer or
sell it. By all Rights and definition of law, you are the owner. You have it,
you hold it, you possess it, and you keep it. You have the complete control
over it.
BENEFICIAL OWNER- A Beneficial Owner is nothing more than a beneficiary,
"One who is entitled to the benefit of a contract"- A Dictionary of
Law, 1893. All book-entry stocks and bonds you purchase make you the beneficial
owner, not the registered holder. The owner of a book-entry stock or bond is
the entity or name that it is registered under.
The DTC owns that bond or stock, not you. Rather than in your name, it's
registered (as the legal Registered Owner or agent) in their "street
name", Cede & Company. (In the past, it may have been registered in
your broker's street name, but this is no longer allowed). The DTC is the
Registered Owner - holder - of your stock or bond. The DTC is the legal
property-holder, share-holder, stock-holder, owner and purchaser. Your name
appears nowhere on the book entry or certificate as the actual owner. Instead,
you have been designated by the legal registered owner, the DTC, as the
Beneficial Owner. This means that your lawful Rights in that stock or bond are
confined to that of a successor or heir.
At the University of Utah College of Law, we found the following examination
question about Cede & Co.:
The common stock of LargeCo, Inc. is publicly traded on the New York Stock
Exchange. Over 2/3rds of the shares are registered on LargeCo's books in the
name of Cede & Co. Cede is a depository company which holds the shares as
nominee on behalf of brokerage firms, mutual funds and other active traders.
The brokerage firms in turn are also nominees with respect to some of the
shares, which they hold on behalf of their customers. Nominees, such as Cede
and brokerage firms holding for customers, view the customer as the beneficial
owner of the shares and consider the customer to be the one with the right to
vote the shares; mutual funds, however, view the fund as the owner of the
shares it holds and vote the shares themselves.
Most of the remainder of LargeCo's stock (26% of the total) is held by the
Large family, which is still actively involved in management. LargeCo is aware
that the beneficial owner of about half the stock registered in Cede's name is
the Small family, who live next door to the Larges in downtown Rome, and that
the remainder of the Cede stock is beneficially owned by several well known
mutual funds.
According to the DTC, under the US Security and Exchange Commission (SEC)
rules, you only have the right to "receive proceeds or other advantages as
the beneficiary". You are not the owner... you are the consignee,
"One who has deposited with a third person an article of property for the
benefit of a creditor"- A Dictionary of Law, 1893. In legal terms, you are
considered the heir presumptive or heir at law to the stock or bond you paid
for. The DTC controls, possesses as creditor, holds and owns your book-entry
stock or bond. This is a difficult pill to swallow for those who have placed
their assets in stocks and bonds over the past decade. Your broker sends you a
fancy accounting every month of your purported holdings, along with dividend
and interest payments paid. The fact is, you only receive the benefit of
ownership (interest and dividends) without holding title to your property. You
are at the mercy of the registered owner, the DTC. If you don't believe this is
true, then call your broker right now and ask them who's name is listed as the
Registered Holder of your book-entry stocks and bonds. If you're lucky, the
broker will tell you "why of course you're the Beneficial Owner",
then you'll know the truth. He may emphasize to you that the stocks and bonds
are being held in "safe keeping" for your own protection. This is
broker language for "your stocks and bonds are held by the DTC in their
street name as the creditor".
From J.P. Morgan's Internet site:
Registered and beneficial shareholders
There are two types of shareholders: registered, who hold an ADR in physical
form, and beneficial, whose ADRs are held by third-parties and are listed under
a "nominee" or "street" name.
Registered shareholders are listed directly with the issuer or its U.S.
transfer agent. The transfer agent handles the record-keeping associated with
changes in share ownership, distribution of dividend payments, and investor
inquiries; it also facilitates annual meetings. An issuer's depositary bank can
provide the identities of registered shareholders on a regular basis. However,
this may not provide the level of shareholder identification required for a
successful investor relations effort. Registered shareholders are typically
individual investors who have physical possession of their share certificates,
generally in lots of 100 shares or fewer. The registered list also includes
nominee names such as Cede & Co., which represent the aggregate position of
the Depository Trust Company (DTC), the primary safekeeping, clearing, and
settlement organization for securities traded in the United States. DTC uses
electronic book-entry to facilitate settlement and custody rather than the
physical delivery of certificates.
Beneficial shareholders, which can include individual as well as institutional
investors, do not have physical possession of their certificates; third-party
broker-dealers or custodian banks hold their securities on their behalf. These
shares are said to be held in street name because they are kept with the DTC in
the name of the broker-dealer or the custodian bank - not the underlying
shareholder. Lists of beneficial shareholders who do not object to disclosing
their holdings are available from banks and broker-dealers. These lists, called
NOBO for Non-Objecting Beneficial Owner, typically provide the names of
individual investors.
To help identify institutional investors, who do not usually disclose their
holdings, issuers use publicly available filings. Large holders, including
investment managers, are required to make periodic filings - such as 13-F,
13-G, and 13-D - with the Securities and Exchange Commission (SEC) disclosing
the name and value of the positions in their portfolios.
Which brings us to the street name used, registered, and designated by the DTC
as the registered owner of over $19 Trillion (USD) of our stocks and bonds...
CEDE & Co. Everyone in the brokerage business keeps pronouncing this name
as "See Dee" and Company, but it's spelled C-E-D-E and pronounced
"Seed". This is where the real irony comes.
According to Black's Law Dictionary, Sixth Edition, 1990, the word Cede is
defined as "To yield up; to assign; to grant; to surrender; to withdraw.
Generally used to designate the transfer of territory from one government to
another". In the Black's 1951 Fourth Edition, it lists the following as
supportive case law; Goetze v. United States, C.C.N.Y., 103 Fed. 72.
Have you made the connection yet? Your book-entry stocks and bonds and all
stock and bond certificates purchased through your broker and held by them
under your brokerage account are owned by CEDE & COMPANY (the DTC) as the
registered owner. You have surrendered, assigned and granted ownership to
someone else other than yourself. Their name says it all.
How ironic and sarcastic can they be?
"CEDE- To surrender possession of, especially by treaty. See Synonyms at
'relinquish'." -American Heritage Dictionary of the English Language, 3rd
Edition of 1992
If Americans had any idea that they have relinquished the lawful ownership of
their stocks and bonds to someone or something else, there would be a
revolution. In a sense, that's why we are exposing this paper asset scam to
you. The point is, now that you know the truth, do something about it and get
your assets back into your name.
Our suggestion to you is this: If you don't literally have every stock and bond
registered certificate in your possession, then promptly call your broker and
tell him you want all your securities transferred and re-registered into your
name as the Registered Holder and Owner. If he says he can't do that because
your stock or bond is a book-entry transaction only, we strongly suggest, for
your own security, that you sell your book-entry assets immediately. Don't let
the broker tell you that it's "safer" for you if they keep your
certificates. Remember, you know the truth. Even if all your stock and bond
certificates were burned in a fire, the process to have them replaced is
simple. If someone were to steal your certificates, you simply report them
stolen to the company that issued them and they're automatically cancelled,
just like a stolen credit card. Replacement certificates are then issued to
replace the lost or stolen originals.
Most people don't realize that when they open a brokerage account, they have
entered into an contractual agreement allowing the broker to assign the stocks
and bonds to an undisclosed creditor, the DTC. (We suggest you read the small
print on your brokerage agreement). This gives the broker your express written
permission to place all your securities into the ownership of the DTC. Your
broker is an agent for the DTC through mandatory Securities and Exchange
Commission regulations and mandates by the Federal Reserve System private bank.
Your broker represents them, not you. Your brokerage account is nothing more
than a ledger of accounting. It reflects no assets held in your name. The
assets are registered in a "street name" that is not you or your
name. Sure.... you receive the interest and dividends, but you do so as a
beneficiary to the real owner. Your brokerage account in no way, shape, or
manner reflects who literally owns your securities. What you own is a brokerage
account and nothing more.
A greater consideration is just exactly who does the DTC hold these securities
for? As the owner, who has the DTC pledged these securities to? Our research
points to the Federal Reserve System, an international private banking cartel
with major offices found in Moscow, London, Tokyo, and Peking. By treaty with
the United Nations and in compliance with the Bretton Woods Agreement, the DTC
under regulation of the Federal Reserve System has pledged all those stocks and
bonds to the International Monetary Fund (IMF). These are the same paper
securities found in your IRA and pension fund accounts, as well as in your
brokerage account. Remember, you don't own them.... you're just a beneficiary.
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.
