Ron Paul Is Warning That A 50% Stock Market Decline Is Coming – And Theres No Way To Stop It

[Zippyjuan]

It's also rumored that the DTC is who retains copies of our birth certificates on the Fed's behalf, as collateral against the Fed's private debt. Such a rabbit hole of screwery.

They are not a subsidiary of the Fed.
They do not own everybody's birth certificates.
US debt is not secured debt- there is no collateral against it.
The Fed holds some US Treasury debt but they don't have their own debt.

You need to get out of the house a bit.

What is a custodian? Do they own the assets they hold?

https://www.investopedia.com/terms/c/custodian.asp

Custodian

What is a 'Custodian'

A custodian is a financial institution that holds customers' securities for safekeeping so as to minimize the risk of their theft or loss. A custodian holds securities and other assets in electronic or physical form. Since they are responsible for the safety of assets and securities that may be worth hundreds of millions or even billions of dollars, custodians generally tend to be large and reputable firms. A custodian is sometimes referred to as a "custodian bank."

Breaking Down 'Custodian'

In addition to holding securities for safekeeping, most custodians also offer other services, such as account administration, transaction settlements, collection of dividends and interest payments, tax support, and foreign exchange. The fees charged by custodians vary, depending on the services that the client desires. Many firms charge quarterly custody fees that are based on the aggregate value of the holdings.

A custodian is a person or entity selected to hold and protect customer funds or investments through either direct or indirect means. Additionally, a custodian may have the right to assert possession over the assets if required often in conjunction with a power of attorney. This allows the custodian to perform actions in the client's name, such as making payments or changing investments.

The customer still owns the securities the custodian keeps.

More at link.

[devil21]

They are not a subsidiary of the Fed.

So some other private company keeps $54 trillion of assets in-house?

They do not own everybody's birth certificates.

Good thing I never said they did. Typical Zippy strawman. Birth certificates are owned by the state that issued them.

US debt is not secured debt- there is no collateral against it.

Horse$#@!. Everything is collateral against it. Don't pay required and applicable income taxes (tribute to the bankers) and then see how quickly the collateral can be collected, when they lien your house, car and bank accounts and even your body.

The Fed holds some US Treasury debt but they don't have their own debt.

The currency, called Federal Reserve notes, is a private currency and originates from debt. The FRN is a debt note. Another trademark Zippy "distinction without a difference" post.

You need to get out of the house a bit.

LOL! ^^^^says the account with 40909 posts, to my ~20500, in 6 less months even.

What is a custodian? Do they own the assets they hold?

https://www.investopedia.com/terms/c/custodian.asp

The customer still owns the securities the custodian keeps.

More at link.

Depends on what kind of custodian and what kind of trust. A custodian trustee for an irrevocable trust is exactly what the DTC is and that's exactly what I'm talking about regarding the $54T. The BC rumor may or may not be true but I acknowledged that. Thanks for helping to make sure I use the exact correct terminology next time! As annoying as you are, you do help to hone other's knowledge so thanks for that.

[Zippyjuan]

Horse$#@!. Everything is collateral against it. Don't pay required and applicable income taxes (tribute to the bankers) and then see how quickly the collateral can be collected, when they lien your house, car and bank accounts and even your body.

Unsecured Bonds

An unsecured bond, also referred to as a debenture, is not backed by an asset of any kind. If bankruptcy occurs, repayment is not guaranteed by a future revenue stream, equipment, or property. An unsecured bond is only backed by the full faith and credit of the issuing institution.

Unsecured Bond Examples

U.S. Treasury securities such as bills, notes, and bonds are good examples of unsecured debt. The only guarantee of repayment is the trust that investors have in the federal government. Although unpopular with taxpayers, the federal government always has the option of raising income taxes to meet its financial obligations.

An income bond is another example of an unsecured bond. These securities are issued by large corporations, and the payment of interest is contingent upon sufficient earnings. Also known as an adjustment bond, this last type of security is frequently issued by companies attempting to maintain their operations while seeking bankruptcy protection.

https://www.money-zine.com/investing...secured-bonds/

Depends on what kind of custodian and what kind of trust. A custodian trustee for an irrevocable trust is exactly what the DTC is and that's exactly what I'm talking about regarding the $54T.

Link saying they are an "irrevocable trust"? If they are the actual owners of that $54 trillion why is their audited net worth only $33 billion?

[devil21]

The only guarantee of repayment is the trust that investors have in the federal government.

More "trust" wordplay games. Guess what that trust contains? Everything! Just as I described earlier in the thread about the Pope's declaration.

[Zippyjuan]

The DTC is not an irrevocable trust but a "limited purpose trust".

https://www.investopedia.com/terms/l...st-company.asp

Limited Purpose Trust Company

What is a 'Limited Purpose Trust Company'

A limited purpose trust company is a trust company that has been chartered by the state to perform specific trust functions. These functions can include acting as a depositor or safekeeper for securities or mortgages. The Participants Trust Company is an example of a mortgage depositor trust.

BREAKING DOWN 'Limited Purpose Trust Company'

The Depository Trust Company (DTC) in New York is another example of a limited purpose trust company. It was established in 1973 to hold securities in safekeeping for banks and investment firms. This allows them to make book-entry settlements on their trades, as well as reducing costs associated with trading, and allowing for more efficient clearing and settlement of securities transactions. The DTC retains custody of more than 1.3 million active securities issues, which were worth $54.2 trillion as of July 2017, and which are based in more than 131 territories and countries, including the U.S.

Powers of a Limited Purpose Trust Company

The powers granted to a limited purpose trust company may vary depending on the state in which the trust company is chartered. In New York, limited purpose trust companies do not have the power to make loans or accept deposits, for example; however, there may be some limited circumstances under which a limited purpose trust company would have this power, if the loan or deposit were necessary for the trust to exercise its other fiduciary powers.

It holds securities but does not own them. They retain custody but not ownership. They also keep the records of the securities including who the current owner of them is and keeps track of trades involving them.

[devil21]

The DTC is not an irrevocable trust but a "limited purpose trust".

https://www.investopedia.com/terms/l...st-company.asp



It holds securities but does not own them. They retain custody but not ownership. They also keep the records of the securities including who the current owner of them is and keeps track of trades involving them.

Well, at least we're starting to make progress here since you agree that the system functions on trusts. That should be enlightening to others that even you confirm it.

The definition that you posted doesn't refute that the DTC is a custodian trustee of a irrevocable trust, however. I'm going to continue to assume that you didn't read the pdf link that I posted where the authors received confirmation about legal ownership directly from the DTC itself.

[Zippyjuan]

Well, at least we're starting to make progress here since you agree that the system functions on trusts. That should be enlightening to others that even you confirm it.

The definition that you posted doesn't refute that the DTC is a custodian trustee of a irrevocable trust, however. I'm going to continue to assume that you didn't read the pdf link that I posted where the authors received confirmation about legal ownership directly from the DTC itself.

That pdf also says they are a limited trust- not a irrevocable trust though there a lot of other errors in it. I won't go through them here.