The Bank for International Settlements stands in Basel, Switzerland
IPFS
Understanding How Screwed We All Are - "The Greatest Depression" – by Ernest Hancock
Written by Ernest Hancock Subject: Economy - InternationalUnderstanding Just How Screwed We All
Are
by Ernest Hancock
(Rescheduled to run again on the Front Page of
FreedomsPhoenix 09-18-2008. The original publication date was 07-23-2008.
But I think that this 'prediction' will help people understand more
about what is coming,... it's just starting)
Stuck in the Baltimore/Washington airport for 8 hours
due to a canceled flight, I had time to listen to an Interview posted on FreedomsPhoenix
by Editor Mike Dugger (over the next 24 hours I would listen to the program 3 times). This started
us down a path of news coverage that exposed a whole new level of understanding
about just how much the planet has been plundered by those,… that can.
Bloomberg even won an Emmy for a 30 minute TV program telling
a small part of the story (wmf LINK)
Summary:
Central bankers devised a way
of taking physical possession of all of the stocks in every Initial Public Offering (as far as I
can tell it seems like _ALL_). This allows for selected entities (broker
friends etc.) to use the stocks as “collateral” in such a way that they are counterfeited
into many many many many times their value into ‘the market’. The term most associated with this practice is "Naked Short Selling".
The stories below include press releases by MARKIT
and the DTCC announcing their combined efforts to make an accurate accounting of all of the
trades in the world so that they can be balanced with what is actually
available. What was interesting to me was how cryptic the stories were about
who/what MARKIT and DTCC was. In none of the articles did they even provide the
full name of the DTCC (so I took a look and did some research after a friend
told me about their nickname that he read about in 1999. CEDE (as in turning
over something to another) comes from: “Depository
Trust Company (DTC) A central securities certificate
depository (also known as "CEDE" by virtue of its nominee name, CEDE
& Co.) It seems that the holders of the
actual stocks have a sense of humor,... kind’a like the Total Information
Awareness logo designers (the Pyramid/Earth logo below a few paragraphs down is real. We thought it was joke too back in 2002/03 when this was rolled out, but it was real. After a lot of criticism it was changed)
DTCC is a member of the
Federal Reserve System (they are the “holders” of the actual stocks as far as I
can tell). Now we have "The BANK" (the Central Bankers we have been warned often
about by those tracking such things), The
Bank of International
Settlements has just
announced their plan to “audit” the Federal Reserve (something that even the US
Government can’t do). President Bush 'agreed' to this only if it was done after he has left office :)
(Speculation: Oh,... and if The Bank of Settlements has some auditing 'authority' over the Federal Reserve, and Public companies have their stock in the Deposit Trust that is part of the Federal Reserve,... then what happens to those stocks should the Bank of International Settlements decide that the Federal Reserve is insolvent and they should be 'taken over'? This could be the structure for the consolidation of most of the wealth of the planet into the hands of a select class that the conspirists have been screaming about for decades)
Bottomline:
I am of the opinion that we have all been the victims of the largest robbery
in Human history. Computer technology allowed for the creation of electronic counterfeiting
that allowed for the nearly unlimited pillaging of every form of financial
instrument used in America
and in much of the world. Pensions, Retirement funds, 401Ks, Money Market Funds
(Government or Private) and the relatively new financial instrument called Derivatives,... and it's all gone. It’s not an “if” thing,… it is an “already
happened” thing.
Now the Banking system will do its best to “control” the news, and who
gets the blame, by leading the investigation of the crime that they were very much involved in and profited from.
Things are going to get much worse than I ever feared.
There is enough recent news
below and some background to help us all understand much more about what
happened and what is to come.
(Comment on this article by: hemingway811
Entered on: 2008-07-24 09:29:49
I just wanted to post a link to deepcapture as it is directly related to counterfeiting securities. This site was founded by Patrick Byrne, CEO of Overstock.com, who has been fighting against counterfeiting and other abuses in our markets. This site contains much researched information you will not find anywhere else.
Entered on: 2008-07-24 09:29:49
I just wanted to post a link to deepcapture as it is directly related to counterfeiting securities. This site was founded by Patrick Byrne, CEO of Overstock.com, who has been fighting against counterfeiting and other abuses in our markets. This site contains much researched information you will not find anywhere else.
I can't find the new logo right now but I've seen it on the net before. It is a stylized TIA with the "A" in the shape of a pyramid with a hoop through the "A" to look like there is something 'in orbit'
================================
Derivatives:
Derivatives are financial instruments whose value changes in response to the changes in underlying variables. The main types of derivatives are futures, forwards, options, and swaps. “derivative
value”
Derivatives are a much larger part of the planet's finances than is understood by the general public (and sure as heck not by the media). The unraveling of the economy is just starting to trigger the collapse of the derivative market. This chart will help make the point.
=========================================
September 17th 2008
Daniel R. Amerman, CFA, InflationIntoWealth.com
Overview
While
it may look superficially similar to the recent implosions of such
investment giants as Fannie Mae, Freddie Mac and Lehman, the takeover
and bailout of AIG is quite different, and means that the market is
entering the next and even more dangerous phase. What
is driving the fall of AIG – and potential government losses that may
far, far exceed the $85 billion bailout announced late on September 16th - is not mortgages or real estate (
directly), but fears that AIG’s huge, global credit-default swap positions will unravel. The $62 trillion dollar credit derivatives market is 50 times the size of the subprime mortgage derivatives market, and is indeed larger than the entire global economy.
Unfortunately,
few people understand credit derivatives, or the full risks to the
United States and global markets and economies. In
this article, I will take a Credit Derivatives Primer that I published
in the spring of 2008 - which anticipated this exa
ct type of event -
and update it for the current situation. Through
reading this article, you should be able to greatly increase your
knowledge of what credit derivatives are, and why they are a far
greater danger than subprime mortgages. We will
end with introducing some concepts about how individuals can protect
themselves and even profit from these unprecedented market conditions –
something you won’t find in recent financial history or conventional
investments.
===========================================
News Link • Economy
The Greatest Crime in History (Publisher: Audio - This you need to know)
06-13-2008 • Finacial Sense Newshour
(Audio) Mr. Bud Burrell of Scottsdale, Arizona, who has worked in high finance for over 35 years, lays bares the truth of how Americans have had their wealth stolen from them. Naked shorts, counterfeit stocks, and other means have cost Americans... Read Full Story
The Greatest Crime in History (Publisher: Audio - This you need to know)
06-13-2008 • Finacial Sense Newshour
(Audio) Mr. Bud Burrell of Scottsdale, Arizona, who has worked in high finance for over 35 years, lays bares the truth of how Americans have had their wealth stolen from them. Naked shorts, counterfeit stocks, and other means have cost Americans... Read Full Story
Reported by: Mike Dugger
Feature Article • Corruption
Phantom Shares - Emmy Award winning Bloomberg Movie
Ernest Hancock
DOWNLOAD Phantom Shares.asf (36.05 MB MOVIE)
Make a Comment • Send Letter to Editor
Phantom Shares - Emmy Award winning Bloomberg Movie
Ernest Hancock
DOWNLOAD Phantom Shares.asf (36.05 MB MOVIE)
Make a Comment • Send Letter to Editor
News
Link • Economy
8,500 Banks may soon die
7-21-2008 • Daily Kos
Want to know what happens next? It’s ape ass ugly and it’s going to happen to you, so don’t say I didn’t warn you. Let’s tackle the topic at hand: The Ginormous Banking Enema of 2008
Make a Comment • Send Letter to Editor
Reported by Powell Gammill
8,500 Banks may soon die
7-21-2008 • Daily Kos
Want to know what happens next? It’s ape ass ugly and it’s going to happen to you, so don’t say I didn’t warn you. Let’s tackle the topic at hand: The Ginormous Banking Enema of 2008
Make a Comment • Send Letter to Editor
Reported by Powell Gammill
News Link • Economy
DTCC, Markit Form OTC Derivatives Partnership
07-22-2008 • www.watersnews.com
The new company will provide a single gateway for confirming over-the-counter (OTC) derivative transactions globally. This will allow buy-side and sell-side OTC derivative market participants to confirm trades and to gain access to additional service
Make a Comment • Send Letter to Editor
Reported by Ernest Hancock
DTCC, Markit Form OTC Derivatives Partnership
07-22-2008 • www.watersnews.com
The new company will provide a single gateway for confirming over-the-counter (OTC) derivative transactions globally. This will allow buy-side and sell-side OTC derivative market participants to confirm trades and to gain access to additional service
Make a Comment • Send Letter to Editor
Reported by Ernest Hancock
News
Link • Economy
Eurex Will Offer Central Clearing Service for OTC Derivatives
07-22-2008 • www.securitiesindustry.com
Designed to address industry concerns about systemic risk due to backlogs of transaction confirmations in the credit derivatives arena. (this means that the real value of $100's of Trillions in derivatives will be settled, stay tuned)
Make a Comment • Send Letter to Editor
Reported by Ernest Hancock
Eurex Will Offer Central Clearing Service for OTC Derivatives
07-22-2008 • www.securitiesindustry.com
Designed to address industry concerns about systemic risk due to backlogs of transaction confirmations in the credit derivatives arena. (this means that the real value of $100's of Trillions in derivatives will be settled, stay tuned)
Make a Comment • Send Letter to Editor
Reported by Ernest Hancock
News Link • Economy
Markit and DTCC form derivatives trade processing JV
07-22-2008 • www.efinancialnews.com/
Single gateway for confirming OTC derivative transactions globally and the initiative will accelerate the adoption of electronic processing services across the rapidly growing $454 trillion OTC derivative market where around 50% of transactions are s
Make a Comment • Send Letter to Editor
Reported by Ernest Hancock
Markit and DTCC form derivatives trade processing JV
07-22-2008 • www.efinancialnews.com/
Single gateway for confirming OTC derivative transactions globally and the initiative will accelerate the adoption of electronic processing services across the rapidly growing $454 trillion OTC derivative market where around 50% of transactions are s
Make a Comment • Send Letter to Editor
Reported by Ernest Hancock
News Link • More about Federal Reserve The Federal Reserve is getting Audited by "Bank of International Settlements" 07-23-2008 • www.consciousmedianetwork.com George Green on the Economy (President Bush has agreed to the audit,... after he is out of office - Note: the Federal Reserve is immune from a US Gov't Audit) - The Bank of International Settlements is "THE BANK" that conspiracy advocat Read Full Story Make a Comment • Email this News Link • Send Letter to Editor |
Reported
by: Ernest Hancock |
The
Depository Trust Company (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. The depository brings efficiency to the securities industry by
retaining custody of some 2 million securities issues, effectively
“dematerializing” most of them so that they exist only as electronic files
rather than as countless pieces of paper. The depository also provides the services
necessary for the maintenance of the securities it has in custody.
DTCC's Board is made up of 18
directors. Fourteen are from participants, including international
broker/dealers, correspondent and clearing banks, mutual fund companies and
investment banks. Two directors are designated by DTCC's preferred
shareholders: NASD and the New York Stock Exchange. The remaining two are the
chairman and the president and chief executive officer of DTCC itself.
DTCC operates its clearing,
settlement, distribution and information-based businesses through several
operating subsidiaries. Each serves a specific segment and risk profile within
the securities industry.
“Depository Trust Company (DTC) A central securities certificate
depository (also known as "CEDE" by virtue of its nominee name, CEDE
& Co.) through which members effect security deliveries among each other
via computerized bookkeeping entries, thereby reducing the physical movement of
stock certificates. “
“Depository
trust company - a central securities certificate depository.
Members of the depository deliver securities between each other via computerized bookkeeping entries.
This reduces the physical movement of all the stock Certificates.”
Members of the depository deliver securities between each other via computerized bookkeeping entries.
This reduces the physical movement of all the stock Certificates.”
Depository Trust
Company (DTC): A central
securities certificate repository that is a member of the Federal Reserve
System and is industry-owned. The New York Stock Exchange is the majority
owner. DTC members deliver securities to each other via computerized debit and
credit entries. This reduces the need to actually move paper certificates.
New Automated
Interface between the Federal Reserve System and the Depository Trust and
Clearing Corporation
To: Chief Financial Officer
Subject: New Automated Interface between the Federal Reserve
Subject: New Automated Interface between the Federal Reserve
System and the Depository Trust and Clearing Corporation
The Federal Reserve System (“FRS”) and The Depository Trust Company (“DTC”)
are pleased to announce that a new automated interface has been established
between the organizations that will significantly improve the process of
pledging and withdrawing securities to and from various collateral accounts
maintained by the FRS and the U.S. Treasury. Effective immediately,
DTC-eligible securities pledged to the FRS or the U.S. Treasury will be
processed via this automated interface.
The automated interface will
allow deposits and withdrawals of DTC-eligible securities to flow directly into
the FRS's collateral system. As a result, the process for moving DTC-eligible
securities in and out of the FRS's and U.S Treasury's collateral accounts will
become much more efficient and the following benefits will be realized:
THE DEPOSITORY
TRUST COMPANY
Assessment of
Compliance with the
CPSS/IOSCO Recommendations for Securities Settlement
Systems
The Federal Reserve System Guide to Discount Window Collateral
(See the pattern?)