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