No Matter What You Think

you do not own a single bond or share of stock unless it’s in your hands.

This is one of those mind blowing pieces of information that shows there is nothing that is not owned by the Federal Reserve.  A little known company – Depository Trust and Clearing Corporation – DTCC is the one entity/corporation in the world that holds all stocks and bonds traded for brokers.  They handle every stock/bond transaction world wide.  Not just that, but every stock/bond that people think they own, they are not the owners of them.  The stocks and bonds are not in their names in fact, the broker puts them in a fictitious name which the DTCC owns.   The DTCC is listed as the actual owner of the stock and bond and those who have purchased them are strictly the beneficiary of said stocks and bonds.

You may be thinking… well being beneficiary is just as good as being the stated owner…. WRONG!
Being beneficiary of the stocks and bonds purchased may be fine when all things are going well, but what happens when things start going nuts and banks have some real problems (ie: Greece default and banks exposure to it, via derivatives)?

Remember MF Global – world’s largest commodities broker? 

http://sherriequestioningall.blogspot.com/2012/03/own-stocks-and-bonds-think-they-are.html

 

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