The Seeding Company CEDE TRUST Owned by DTC
The Seeding Company CEDE TRUST Owned by DTC
The Seeding Company CEDE TRUST Owned by DTC
Cede & Company is the 'street name' holding company owned by the DTC
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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.
If Americans had any idea that they have relinquished the lawful ownership of their
stocks and bonds [Editor Note: or pledged their flesh] 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.
Editor Note: The real question here is are they also holding your Birth Certificate
Bond, which pledges “your flesh” as “Surety” to finance the government's around the
world under the New World Order? Are these the certificates evidencing the lawful
ownership of human capital, “legalized and voluntary slavery through deception”?
VERY MYSTERIOUS - Does Cede & Co. own all our stocks?
- A MUST READ -
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Dan C writes:
I got my annual report from New Ireland Fund today - I only own 20 shares.
In the prospectus for re-election of directors the report said 96.63 percent of
the outstanding shares owned by Cede & Co., with the footnote that Cede is the
nominee partnership of the Depository Trust Co.
That would leave only about 150,000 shares available for trading out of the 5
million issued shares.
I have never seen this before. So I Googled and found this essay.
(Even if Cede is just a holding agent every other annual report has percentage
breakdowns of top shareholders - while this New Ireland prospectus claims Cedes
owns virtually of it as a nominee partnership.)
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Ming the Mechanic: The unknown 20 trillion dollar company The NewsLog of Flemming
Funch
There is a busy little private company you probably never have heard about, but
which you should. Its name is the Depository Trust & Clearing Corporation. See
their website. Looks pretty boring. Some kind of financial service thing, with a
positive slogan and out there to make a little business. You can even get a job
there. Now, go and take a look at their annual report. Starts with a nice little
Flash presentation and has a nice message from the CEO. And take a look at the
numbers. *It turns out that this company holds 23 trillion dollars in assets, and
had 917 trillion dollars worth of transactions in 2002. That's trillions, as in
thousands of thousands of millions.
As it so turns out, it is not because DTCC has a nice website and says good things
about saving their customers money that they are trusted with that kind of
resources. Rather it is because they seem to have a monopoly on what they do. In
brief, they process the vast majority of all stock transactions in the United
States as well as for many other countries. And - and that's the real interesting
part - 99% of all stocks in the U.S. appear to be legally owned by them.*
In the old days, when you owned stocks you would have the stock certificates lying
in your safe. And if you needed to trade them, you needed to get them shipped off
to a broker. Nowadays that would be considered very cumbersome, and it would be
impractical to invest via computer or over the phone. So the shortcut was invented
that the broker would hold your stocks instead of you.
And in order for him to legally be able to trade them for you, the stocks were
placed under their "street name". i.e. they're in the name of the brokerage, but
they're just holding them in trust and trading them for you.
And you are in reality the beneficiary rather than the owner. Which is all fine and
dandy if everything goes right. Now, it appears the rules were then changed so the
brokers are not allowed any longer to put the stocks in their own name. Instead,
what they typically do is to put the stocks into the name of "Cede and Company" or
"Cede & Co" or some such variation. And the broker might tell you that it is just a
fictitious name, and will explain why it is really more practical to do that than
to put it in your name.
The problem with that is that it appears that Cede isn't just some dummy name, but
an actual corporation that DTCC (Depository Trust Corporation) controls. And, well,
if you ask anybody about this, who actually knows about it, they will naturally
tell you that it is all a formality. To serve you better, of course. And, well,
maybe it is.
DTCC seems like a nice and friendly company. It is a private company, owned by the
same people (major U.S. banks) who own the Federal Reserve Bank. And if they all
stick to their job, and just keep the money and your stocks flowing smoothly, I'm
sure that is all well and good. But if somebody at some point should decide
otherwise, and there's a national U.S. emergency and/or the U.S. government becomes
unable to pay its debts, well, they might just not give you your stocks back.
Because legally they own them. Something to think about.
An fascinating article about this whole thing is here. I will include it at the
bottom too, in case it should disappear. Not that I can vouch for or agree with
everything the guy is saying, and some of it is a little whacko, but obviously he's
been researching this quite a bit. You'll find very little about it on the net
otherwise.
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Part I of II
The 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 (i.e. Banks) 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."
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":
"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.
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.
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)
[Editor-The Statute actually said “confuscate” from “PERSONS” not living flesh, and
confuscate means “UNLAWFUL SEIZURE”].
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.
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.
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.
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Part II of II-
You don't own your Stocks....or any of your Bonds...The Depository Trust Company
does. by Anthony Wayne
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.
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".
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.
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.
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 contractural 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).
[Editor Note: If the DTC is holding your Birth Certificate Bond, then that bond has
been pledged to the IMF and your flesh is surety.]
These are the same paper securities found in your IRA and pension fund accounts, as
well as in your brokerage account.
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.
Editor Note: And possibly with your Birth Certificate Bond as well.
Editor Notes:
The Depository Trust Company and The Depository Trust Corporation are two separate
entities.
Private companies owned by the same individuals and corporations that own the
Federal Reserve Bank in the USA and controlled by the IMF that in turn is likely
owned by the same individuals and corporations. No one can find out who owns the
IMF as their records are invioble.
The IMF is untouchable as if owned by gods, read the immunity section Article IX of
the Bretton Woods Agreement that formed the IMF (attached).
When the time comes that the bubble is burst [on purpose] regarding the present
economic systems of the planet, the IMF can/will foreclose on all the bonds
(promises to pay in the future) particularly the bonds of PERSONS whose flesh was
pledged with their Birth Certificates to set off the benefits handed out by
governments using their double-bookkeeping entry system, that has been used to
hoodwink the living flesh of the planet for a long long time.
The coming RFID chipping of the total planet will greatly increase the level of
control by the ruling elite. Reference http://spychips.com . IBM who handled the
punchcard system for the Hitler Nazi extermination program has been filing patents
regarding improvments in RFID chip technology. Presently the RFID capabilities by
using a close or distant radio signal such as from a GWEN Tower.:
The Editor's opinion is that the DTC, Federal Reserve as well as all the Central
Banks of the planet and the IMF and the BIS (Bank of International Settlements
Switzerland, the Central Bank of the Central Banks) and various other Banks and
Stock Brokerage companies are all owned by the Vatican Bank System through various
minions both government and individual which are controlled through the secret
society systems of the Jesuit Order.
The minions of Lucifer through; The Banks, Courts and Governments [all Temples to
Ba'al (Cybele)] are ushering in a World Fascist Commerce Control System using the
ancient pledging concept together with a cashless society controlling the flesh
beings with RFID chips with the entire system controlled by the minions of Lucifer,
eventually with the Anti-Christ at the top, the head priest of Ba'al – Lucifer
himself ruling from Solomon's 3rd Temple in Jerusalem.