Posted on 02/15/2026 9:06:59 PM PST by Libloather
Recessions and stock market crashes are inevitable in a market-based economy, but few Americans realize that their investments face risks far greater than falling stock prices.
Because of largely unknown legal changes, millions of Americans could temporarily or even permanently lose their retirement and other investment savings in the next major financial crash, all while too-big-to-fail Wall Street firms and banks are protected.
That might sound like a wild conspiracy theory, but the danger is real and well documented.
How Wall Street centralized ownership of your investments
Beginning in the 1970s, at the request of powerful Wall Street and banking institutions, state lawmakers quietly adopted a series of changes to the Uniform Commercial Code, a body of law enacted in all 50 states. These changes effectively allowed financial institutions to reassign direct ownership of most securities away from individual investors, including those holding retirement accounts and traditional brokerage accounts.
Under the revised legal framework, direct ownership of securities such as stocks and bonds was centralized within a single financial institution controlled by Wall Street’s largest firms and banks: the Depository Trust Company, or DTC.
Today, DTC "provides custody and asset servicing for 1.44 million security issues from more than 170 countries and territories valued at more than US $100 trillion as of 2025." To put that figure in perspective, the entire federal budget is roughly $7 trillion.
(Excerpt) Read more at foxnews.com ...
All your fiat money belong to us.
As if we needed another reason to own precious metals.
It is really unfortunate that the only time you have the assurance of no fraud investment will be eternity.
So it appears this “news article“ is an opinion piece by a guy selling a book. Not that there’s anything wrong with that.
This possibility (remote, but present) is but one reason I closed my Wells Fargo account and transfer most of my retirement savings to a small local bank, almost nobody has ever heard of.
The other reason is my W.F. account was twice invaded by ‘sources’ who called me, pretending to be part of the Wells/Fargo Fraud Prevention Unit, when actually, they were the Sharks circling in the water! First time, I was a blabbermouthed fool and got stolen from. Next year, I knew the signs and just hung up. I closed my accounts at that bank the next day. W/F needs to look closely and ask why it’s credit/ debit accounts are so easily invaded.
That very “Wells Fargo fraud department” scheme just happened to my wife a few weeks ago. Luckily she was working from home and I overheard the convo. I ran into the room and disconnected her call. We closed our accounts out after painfully dealing with the real WF fraud department, whose Indian accent was punishingly thick and their script was very unhelpful. We had to keep repeating that we wanted our accounts locked and to disable wire transfer capability. It was surreal how bad it was.
My mother used to collect stock certificates from the companies in which she invested her savings (AT&T, IBM, etc) - I remember them clearly. Very official looking, many like works of art. She held these shares/stocks for decades.
Would having actual certificates of ownership, held in one's own hands, avoid dealing with his Depository Trust Company?
The Sharks ARE out there. Even after my first very costly experience, I found it somewhat difficult to realize in the internet age, such vicious, greedy people are never very far away, and one has to always be on your guard when it comes to talking about your savings - with anyone.
Keep the small talk short, if at all. Never offer any ‘extra’ information. Very few banking decisions need to be done “Right Now!!”. Always give yourself time to think things over or to verify any change with another branch of that bank. I’m not talking about Brokerage accounts.
democraps are perfectly fine on this
And there is nothing whatsoever we can do about it...take your money out and you will pay a ton of taxes...move it to reserves?..like that is safe.
He has other videos on how the democrats are taking homes from descendants.... your kids. They are taxed so high they have to sell. The new owner gets hit with higher property tax.
California Found a New Way to Take Your Home!
https://www.youtube.com/watch?v=gHmuw4cEgDU
Prop 19: They Stole Your Dad’s Houses!!
https://www.youtube.com/watch?v=gpQcDLu1V-E&t=282s
This, unfortunately, has been true for a while. The investment house owns the apartment actual stock. You only hold and account that says you have that stock.
This, unfortunately, has been true for a while. The investment house owns the actual stock. You only hold an account that says you have that stock.
Bfl
Thanks for your summary.
It's a bit like worrying about someone stealing your car after a catastrophic accident has already totaled it.
Ursula von der Leyen, EU President, recently stated their intention to use “private accounts” to fund “progressive investments”.
My dad owns a bunch of gold and I can’t figure out where to sell it. So it’s essentially worthless.
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