The following article has come my way for the second time.--Jana

(begin)

The information below is a little dated and having done some
checking around, the $9.1 trillion now (June 2000) stands at $15 trillion
and growing like a well-watered weed. Wayne says this is the best kept
secret in America. I say, "another?" --Bio
---------------------------------------------------

The Unknown $9.1 Trillion Company

North Bridge News

November 1995

By Anthony Wayne

The Depository Trust Company (DTC) is the best kept secret in
America. Headquartered at 55 Water Street in New York City, this
"financial institution" is perhaps the most powerful in the world, yet
the public doesn't have a clue as to who they are or what they do. How
can a "bank" hold assets of over $9 trillion dollars and be unknown?

In dealing with the trust department of a major New Jersey bank,
one of our staff wanted to transfer his trust assets, comprising of
stocks and bonds, to a new trust he had set up in another state. The bank
said it would take at least six weeks to do so as none of his assets were
currently held in his own name or in the name of his trust account! In a
panic, he brought this before our entire staff and asked if we could
investigate. We did, and the can of worms we've opened should frighten
every American.

After encountering numerous "no comments" and a myriad of "that's
not my department" excuses, we eventually spoke with Mr. Jim McNeff,
Director of Training at DTC. He says he's been employed there for 19
years and was very proud of his employer. By law, he should have
disclosed to us that his employer (?) Was recording our telephone
conversation (our electronic equipment picked up on this immediately).

He informed us that "DTC is the largest limited trust company in
the world with assets of $9.1 trillion." Can you imagine? An unknown
banking company could pay off the national debt and then some! Jeff went
on to say "DTC is a brokerage firm and transfer center. We're a private
bank for securities. We handle the book entry transactions for all banks
and brokers. Every bank and brokerage firm must secure their membership
with us in case they become insolvent, so your assets are secure with
DTC."

Yes, you read that correctly. DTC is a private entity that
processes every stock and bond (paper securities) for all U.S. banks and
brokerage houses. The question is 'just who gave this company such a
broad range of financial power and clout?'

The reason the public doesn't know about DTC is that they're a
private depository bank for institutional and brokerage firms only. They
process all of their book entry settlement transactions. Jeff told us
"There's no need for the public to know about us...it's required by the
Federal Reserve that DTC handle all transaction."

The Federal Reserve [Incorporated 1913] is a private
[organization], not [a department or bureau] of our federal government.
They mandated that DTC process every securities transaction in the U.S..
It's no wonder that the DTC is owned by the same stockholders as the
Federal Reserve Corporation. In other words, the Depository Trust Company
is really front for the Federal Reserve Corporation. Now, let's see how
this effects the average working American.

You go to a broker or bank and instruct them you want to purchase
100 shares of IBM stock, for example. They set up an account for you and
act as your agent with power of attorney 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."
(According to DTC, no bank or broker can place the stock into their own
firm's name due to Federal Trade Commission and Security and exchange
Commission regulations).

The broker or bank must then send the transaction to the DTC for
"ledger posting" or "book entry settlement" under mandate by the Federal
Reserve Corporation.

Remember, since your bank or broker can't use their name on the
certificate, they use a fictitious entity name or "street name." This
artificial entity is always related to the broker or bank. Then, the
"street name" stock or bond certificate is automatically transferred to,
or credited to, the Depository Trust Company. Since DTC is a bank, they
can't hold the certificate in their name either, so DTC transfers the
certificate to their own holding company or "nominee name." We're not
quite sure of the spelling, but the DTC's holding company is either "CD
and Company" or CeDe and Company."

The banks and brokers are merely "custodians." By federal law,
they cannot hold any assets in your name, the customer. The assets must
to be held, eventually, in the name of DTC's holding company. That's how
DTC has $9.1 trillion dollars of assets in trust...or is it really in
"trust" if the private Federal Reserve Corporation 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 Corporation) could theoretically refuse to surrender them
back to you under a "national emergency" according to the 1917 Trading
with the Enemy Act. (Ed. Note: I have provided a link below to this
important document.)

Is this the collateral being held by the private Federal Reserve
Corporation to pay off the national debt owed to them by our federal
government?

According to Mr. McNeff, the DTC was a former member of the New York
Stock Exchange (NYSE), and "Our sister company is the National Securities
Clearing Corporation."

Simply put, the Depository Trust Company absolutely controls every
paper asset transaction in America, and they physically hold the majority
of stock and bond certificates in their name. If you have stock or bonds
in your name buried in your back yard or under your mattress, we suggest
you keep them there.

Now we're about to reveal to you the most shocking discovery we've
ever come across during our research into this matter. Most of us
remember a few years back the alleged "computerized" selling of stocks
that resulted in "Black Monday." The stock exchanges ad dramatic record
losses, and a record volume of shares was traded on that infamous Monday
in October. We all asked ourselves how computers could have done this by
themselves without someone knowing about it. After all, someone has to
program a computer to tell it what to do and when to do it.

During our telephone conversation, Mr. McNeff was trying to assure
our researcher that they have never lost a certificate or made a mistake
in a book ledger transaction. In attempting to give us an example of how
trustworthy they are, he said, "DTC's first controlled test was 4 or 5
years ago. Do you remember Black Monday? There were 535 million
transactions on Monday, and 400 million on Tuesday." He was very proud to
inform us that "DTC cleared every transaction without a single glitch!"
Read these quotes again. He stated that "Black Monday" was a controlled
test! "Black Monday" was a deliberate manipulated disaster for many
Americans at the whim of a "controlled test" by the DTC and their Federal
Reserve Corporation owners.

What was the purpose of this test? Common sense tells us that you
test something before you intend to use it. It's quite obvious that the
stock markets are going to crash and burn at some future date and for
some unknown reason since the controlled test was so successful. The
Great Depression is about to be repeated, and it will be as deliberate
and manipulated as the first one that began with the stock market crash
of 1929.

On June 7, 1995, the federal government issued a new regulation
requiring stock and bond certificate transfers to be cleared in three
days instead of the previous five day period. This means that brokers and
banks must get your stock or bond transaction into the name of DTC within
three working days. That's hard to do considering banks claim that it
takes 3 or more days to clear a check that you've submitted to pay for a
stock purchase. But, there's a reason for this new regulation and it
coincides with the introduction of the new fiat "dollars."

On February 22, 1996, "the DTC will flip the switch" according to
Mr. McNeff. What switch, we asked? This is the day that "clearing house"
funds will no longer be accepted for stock or bond transactions. Instead,
only "Fed Funds" will be accepted. Fed Funds, or a "Fed Wire" are
electronic ledger transfers between Federal Reserve Corporation member
banks. No checks or drafts will be involved or allowed from that day on.
This is called a "cashless transaction." We call it the reality of the
"mark of the beast." This is the manifestation of our new god, the New
World Order.

Consider this. All pension funds and other institutional "managed
funds" are comprised of paper asset investments such as stocks and bonds.
These certificates are technically in the name of DTC's private holding
company. DTC is technically owned by the private Federal Reserve
Corporation. Congress is moving right now to pass legislation allowing
certain pension funds to be used by the government as alleged loans. All
the Federal Reserve Corporation has to do is hand it over! But what
happens to the people counting on those pension fund investments to feed
themselves? Too bad...you're out of luck because for the "good of the
nation," you must share your wealth. Since the Federal Reserve
Corporation already holds our stocks and bonds in their fictitious name,
then perhaps they'll cash them in for the federal government's failure to
repay the loans that have become way overdue.

In 1933, all gold was taken from the hands of private citizens.
Under the War Powers Act, a national emergency was declared due to the
deliberately calculated stock market crash that preceded the Great
Depression. Where did this gold end up? Into the hands of the Federal
Reserve Corporation. The majority is stored in the impervious rock
beneath New York City. Is it any surprise that DTC holds our stock and
bond certificates in the same place?

Technically, our country is still under the War Powers Act and in
a continual state of national emergency. The President can enforce any
new emergency at any time under Executive Order or Presidential
Directive.