Liz, any way to find out if any of Soro’s companies has been betting against the dollar the past 8 months?
The Depository Trust Company (DTC) is the world’s largest securities depository, holding nearly $19 trillion in assets for its Participants and their customers.... Last year, DTC processed over 164 million book-entry deliveries valued at more than $77 trillion. The Federal Reserve Corporation, a/k/a The Federal Reserve System, is also a private company and is not an agency or department of our federal government. The Federal Reserve Board of Governors is listed, but they are not the owners. The Federal Reserve Board is nothing more than a liaison advisory panel between the owners and the Federal Government.
The Federal Reserve mandates that the Depository Trust Company process every securities transaction in the US. It’s no wonder that the Depository Trust Company (including the Participants Trust Company, now the Mortgage-Backed Securities Division of the Depository Trust Company) is owned by the same stockholders as the Federal Reserve System. In other words, the Depository Trust Company is really just a ‘front’ or a division of the Federal Reserve System.
“Depository Trust Company is 35.1% owned by the New York Stock Exchange on behalf of the Exchange’s members. It is operated by a separate management and has an independent board of directors. It is a limited purpose trust company and is a unit of the Federal Reserve.” - New York Stock Exchange, Inc.
If you’re not aware how the system works, you should visit or call a stock broker or bank and instruct them you want to purchase some shares of common stock or a small municipal bond, for example.
They will set up a brokerage account for you and act as your agent with full durable power of attorney (which you must legally sign over to them) to conduct business on your behalf, upon your buy or sell instructions. The broker will place your stock or bond purchase into their safekeeping under a “street name”.
The Depository Trust Company’s private holding company or street name, as shown on certificates is shown as either “CEDE and Company”, “Cede Company” or “Cede & Co”.
The banks and brokers are merely custodians for their clients. By federal law (SEC), they cannot hold any assets in the customer’s name. The assets must be held in the name of Depository Trust Company’s holding company, CEDE & Co.
That’s how Depository Trust Company has more than $19 trillion dollars of assets in trust... or is it really in “trust” if the private Federal Reserve System is technically holding it in their “unknown” entity’s name?
Obviously, if stock and bond certificates you’ve purchased aren’t in your name, then the “holder” (the Federal Reserve System) could theoretically refuse to surrender them back to you. The Depository Trust Company owns that bond or stock, not you. Rather than in your name, it’s registered (as the legal Registered Owner or agent) in their “street name”.....Cede & Company.
Cede & Co.
c/o The Depository Trust Company
7 Hanover Square
New York, New York 10004
George Soros and Quantum Partners. Cede & Co. is under:
- SOROS FUND MANAGEMENT LLC. in Delaware
- Quantum Industrial Partners LDC in Cayman Islands
- QIH Management Investor, L.P. in Delaware
- QIH Management, Inc. in Delaware
- Stanley F. Druckenmiller
- Duquesne Capital Management, L.L.C. in Pennsylvania