Ming the Mechanic: The unknown 20 trillion dollar company
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 litte 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. 23,000,000,000,000 dollars in assets.
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April 1st, 2011 at 8:24 pm
Contrary to popular belief neither the government nor the FED prints money out of thin air.
All money is borrowed into existence with interest attached.
Of course, the nominal borrower must put up collateral for this money.
What might that consist of?
Title.
Title to your property.
All of it.
Kids included.
And where might these titles be held for safe keeping?
At the bank….where else?
The Federal Reserve has a little known subsidiary
Within this subsidury exists a division called the DTCC and sub-division called DTC
Services include:
Custody & Safekeeping Services
Underwriting Services
Deposit & Withdrawal Services
Dividend, Reorganization and Proxy Services
Restricted Securities Family of Services
Direct Registration Service
DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the Securities and Exchange Commission.
Now that comes from their website.
Do you see the custody and safekeeping services offered?
Thats right.
What do you think that’s all about?
Safe keeping of original instruments of indebtedness in their original form?
i.e. original stock certificates, original mortgages, original birth registrations, etc.
How else could they claim to hold assets in excess of $34 trillion dollars?
Thats right….now your on to it.
I would never tell you this if I was not in possession of proof.
http://ming.tv/flemming2.php/__show_article/_a000010-000923.htm
http://www.dtcc.com/about/subs/dtc.php