Anonymous ID: d4955a June 30, 2021, 6:13 a.m. No.14020861   🗄️.is đź”—kun   >>0872 >>1094

>>14020778

This small New York based financial institution has a dozen directors and no more than a half dozen employees but holds, according to some reports, some 34 trillion dollars in assets. A complex system of interlocking bodies, such as The Depository Trust & Clearing Corporation, the National Securities Clearing Corporation and the Fixed Income Clearing Corporation oversee all stock trading in the US. They all come under the umbrella of Cede.

 

And, on paper at least, own all the stocks traded. The multi-trillion dollar secret works like this: The Depository Trust Company is a private bank for securities. Every other financial organisation in the US, bankers and brokerage houses, is obliged to secure membership with DTC. Like the Federal Reserve, DTC is a private company entrusted with national responsibility. It processes all stock and paper securities for every US bank and brokerage house.

 

Cede technically owns nearly all of the publicly issued stock in the United States. Private investors don’t own the stock they think they own, but rather have contractual rights that are part of a complex chain of rights ending up at Cede and Company.