Grab a coffee- this will be a long one!
When things “illuminate” for me, I get a driving urge to get the article out RIGHT NOW or I’ll implode. This morning was one of those mornings. Nick showed me an article on RT and immediately my brain went into overdrive. This will be a bit long and convoluted, but please hang on with me as I take you through my mach5 thought process.
It all started back in October 2012, when Hurricane Sandy was being driven into the eastern seaboard of the United States. You remember that fiasco of Haarp and chembombs and chemtrails?
What I didn’t report at the time – because I was still listening to the guys telling me to shut up and sit in the corner and colour- was that under the cover of the Hurricane, there was purportedly a quasi military operation underway to take over the New York Stock Exchange and change all their computer systems over to a new system that would over-ride the old one and create a mirror of exchanges without any exchanges actually happening. At this time, purportedly, they also wiped out all the Strawman accounts in the NYSE data banks.
…. Interestingly enough, exactly 4 days before this purported operation happened, OPPT filed the Commercial Bill into the UCC….
Follow me on this bit of review of what happened then, and then what happened in Dec 2013 and what I believe is about to happen now…..
It all starts with a whole bunch of lies and disinfo, and even the media couldn’t get their stories straight!
“Now, I’ve hinted at one of the reasons for the shut down of the NY Stock Exchange. Let’s face it, they didn’t have any damage in the NYSE (regardless of what CNN said, lol), they could of kept the electronic trading sections opened, and that was the original plan as of Sunday night, but suddenly in the middle of the night, they decided to close down all trading with no notice.
…Why would they close it? Is it because they powers that be knew it would crash on Monday? Many of my sources warned of exactly that happening. And if you’re going to be doing certain things in the financial sector, it’s that much easier to make changes if the Markets are not open, right? The market has been artificially propped up for a long long time. In order to “fix” things, some of that “propping” needs to disappear, back into the pit from whence it came….”
CNN and The Weather Channel ran into trouble on Monday night when they falsely reported that the New York Stock Exchange was flooding with water.
Then more than two weeks after the Hurricane, “they” started spinning their disinfo and lies…..
“In equity securities the presence or absence of the piece of paper is essentially irrelevant,” Rogers said. “If someone can by other means prove the ownership, they can work it out. It might just be a nuisance to replace the certificates. It has no systemic impact on markets.”
Problems could occur in instances such as a municipal bond issued in the form of bearer certificates in 1920 that matures 99 years later, Rogers said. Bearer securities don’t have a record of ownership other than the certificate…..
…Certificates in the vault have been recorded electronically with the data accessible from multiple locations, Bodson said. DTCC also has images of all bearer stocks and bonds in the vault, he said last week…..
…“Over the weekend we saw flooding would hit lower Manhattan and declared we were going into recovery mode,” Bodson said. “Given our criticality to the U.S. financial system, we have very, very robust disaster-recovery plans that have been built up over the years….
….“We might look at this event in five years as a blessing,” he said. “All these old pieces of paper were destroyed and people realized it didn’t make any difference.”
“…Because at the end of the day, it is not whether or not the physical stock certificate for a given holding was damaged in the flood. What is far more troubling, and has been since the advent of Cede & Co as master custodian, is that regardless of the content of its securities vault, it is the DTCC that is the rightful and ultimately legal owner of every security. Or would be in case Cede & Co decided to make it a legal matter of assigning ownership: good luck in a legal battle with a company that is owned by every major financial institution in the US (including Goldman, JPM, the NYSE and of course, the Fed). In other words, it was not DTCC’s flooding that was the issue: that is largely irrelevant. It is the fact that DTCC, and its “partnership nominee” exist, and that they are in effect, the default custodians of every transaction.”
Unlike 99.9% of investors, most SD readers are aware (or should be) that unless you have physically taken possession of your equity shares, the actual owner is the Depository Trust & Clearing Corp. (DTCC).
CNN Money has reported that the DTCC vault holding trillions of dollars in equity certificates was breached in the Sandy flood-waters, and trillions in stock certificates and other paper securities may have suffered damage.
While the jokes relating to vaporization of assets from Hurricane Sandy were centered on the gold stored 60 feet below the NY Fed, it appears that in reality, Sandy may have destroyed portions of millions of Americans’ 401k’s, pensions, and stock accounts.
Up to $36.5 trillion in securities may be damaged according to the CNN report:
I highly recommend that you look up DTCC because their history and alliances because it makes for VERY interesting reading: http://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation
…. take note of their various subsidiaries.