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Why Was A CIA Man Selected To Oversee Stock Ownership & Settlement?

Now why would Wall Street place its most sensitive plumbing needs in the hands of a man whose prior work experience mainly included working for the arm of the CIA that busied itself with overthrowing foreign governments? That’s a darned good question. One which we’ll explore today because it concerns your ownership of ‘your’ stock & bond portfolio.

The User's Profile Chris Martenson March 22, 2024
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Now why would Wall Street place its most sensitive plumbing needs in the hands of a man whose prior work experience mainly included working for the arm of the CIA that busied itself with overthrowing foreign governments? That’s a darned good question. One which we’ll explore today because it concerns your ownership of ‘your’ stock & bond portfolio.

View part 2

Note: This is the sixth installment in our Great Taking Series.  

You know what would be really weird?  If it turned out that a CIA employee was tasked to oversee the overhaul of the most sensitive plumbing used by Wall Street.

Well, this is exactly what happened.  The DTC (now DTCC) controls virtually every aspect of stocks and bond sales. A shadowy wholly-owned subsidiary, Cede & Co., technically owns 83% of all stocks and some very large and an undisclosed amount of bonds.

According to the DTCC website:

Once a security becomes eligible, DTC, through its nominee Cede & Co., is the registered holder of the securities, routinely processing dividend and interest payments and managing the electronic “book-entry” transfer of interests in securities among participants.

(Source)

That’s as close as I can get to the truth…because we know Cede & Co are processing ‘securities’ that pay ‘interest’ we know that bonds are involved, we just don’t know how many.

So perhaps $50 to $60 trillion of total US assets are being held by DTCC and its nominee corporation Cede & co…and all of it was set up by a guy whose prior work experience was with the branch of the CIA that went about the world overthrowing governments.

Now why would a guy with that particular skill set be the right pick for a job like setting up the DTCC?

I’ll let you draw your own conclusions.

Links

DTCC and the T+1 Settlement process

https://www.dtcc.com/-/media/Files/PDFs/T2/Accelerating-the-US-Securities-Settlement-Cycle-to-T1-December-1-2021.pdf

William Dentzer obituary in the WSJ

https://www.wsj.com/articles/william-dentzer-helped-wall-street-unsnarl-its-paperwork-11613055610

Peru 1965

https://www.ojp.gov/ncjrs/virtual-library/abstracts/peru-1965-notes-guerrilla-experience

Cede & Co in the UK Daily Star

https://www.dailystar.co.uk/news/weird-news/secret-trillion-dollar-company-owns-20790205

DTCC Company Organization Chart

https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/DTC_Disclosure_Framework.pdf

Organization of American States (OAS) as a CIA front

The US Ministry of Colonies and Its Summit

 

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Looking for part 2?

Now why would Wall Street place its most sensitive plumbing needs in the hands of a man whose prior work experience mainly included working for the arm of the CIA that busied itself with overthrowing foreign governments? That’s a darned good question. One which we’ll explore today because it concerns your ownership of ‘your’ stock & bond portfolio.

View part 2