http://www.thesanitycheck.com/Blogs/BudBurrellsBlog/tabid/84/EntryID/716/Default.aspx

Now the DTCC proposes merger with LCH to dominate as world clearing house. More NWO direction of controlling the world.

http://www.dtcc.com/news/press/releases/2008/dtcc_lch.clearnet.php?lpos=home_splash_img&lid=oct_merger

Stocks are plunging and they fail to enforce the laws.

The Markets should be shut down until a new system is put in place.

The People Need to Unite amongst all companies. One company at a time trying to defend the corruption hasn’t worked.

The Courts, SEC, Congress, DTCC, FRB are all owned by the Corrupt Bankers/Illuminati.

Invest here with no risk at high interest rate in low commodity dollars with 100% government guarantee:

Read the sob story from the CEO, then read you have 100% guarantee with no upper limit from the Canadian government at a high interest rate.

https://www.vancity.com/MyMoney/Announcements/MessageFromCEO/

- you can invest after a one month 25% fall in the CDN dollar over the last thirty days. It will rise if the USD falls and has nearly no chance of falling further. It goes up if oil or gold or electricity goes up.

- a high credit union interest rate

- unlimited guarantee from the Canadian government, effective today

“Unlimited deposit insurance for deposits to credit unions in B.C.”

http://www.cbc.ca/canada/british-columbia/story/2008/10/22/bc-campbell-economic-statement.html

Every now and then somebody comes along and speaks the truth. And without fail, this Truth Speaker is confounded by untruth. Not only confounded but also dumbfounded.

– Mark Mitchell wrote, “It is beyond surreal that our most prestigious financial media continue to allow this to happen. It is beyond comprehension that journalists—“.

–Baron M.A. Rothschild wrote, “Give me control over a nation’s currency and I care not who makes its laws.”

Check it Out. Check how the Council on Foreign Relations was founded and Its purpose. Check who owns the federal reserve and Its purpose. It is not beyond comprehension. Read some of the conspiracy theorists ideation of where our economy is ultimately going? New world order? New world economy?

I do not consider myself a conspiracy theorist, but when the facts keep slapping me in the face, I wonder.

In particular, I wonder if there is anyone or anything in the New World Order that would like to see America’s economy taken to ruination? Wonderment is fading into dark realization of ‘what is’, in contrast to the wonderful light of hope.

I do not think it is surreal, it is real and very understandable. Understandable but not agreeable.

Peace
John Horne architect emeritus

http://www.youtube.com/watch?v=aoSsJ4BlTB8

http://investorvillage.com/smbd.asp?mb=3532&mn=26119&pt=msg&mid=5868715

“Since the SEC will not protect our financial markets, and Congress is doing nothing, and the FBI is probably being forbidden by our elected officials from doing anything, we, the American people, will have do something ourselves to uncover and expose the SEC’s “Principle of Greed” guiding its every step.

Any ideas on how we can do this?”

I am wondering if “We the people of the United States” need to file a CLASS ACTION LAW SUIT against the SEC for usurping power from Corporations and their stock holders by allowing Market Makers to “print” new shares of stock without the approval of the Corporation Boards and/or stock holders.

1) There are indeed “legitimate” reasons for perhaps 2 or 3 day delays in the delivery of securities sold past “settlement date” which is now T+3.
2) To accommodate for this reality the Uniform Commercial Code Article 8 provided for the creation of “securities entitlements” or “placeholder securities” to credit to the brokerage account of the purchasers of securities that encountered delivery delays.
3) Mere “securities entitlements” are admittedly not legitimate “shares”; they were designed to be a 2 or 3-day provisional accounting measure sometimes referred to as a “placeholder security” or “IOU”.
4) The authors of UCC Article 8 rolled the dice and allowed these mere “securities entitlements” to be free-trading during this perhaps 2 or 3-day delay as if they were “legitimate shares”. Why? Because “legitimate” delivery failures are ultra-short termed in nature and the extra dilution and therefore share price depression effect they would indeed cause was deemed to be minimal therefore and there were 2 other backstops.
5) The first backstop was the DTCC’s mandate to “promptly settle” all securities transactions. “Settlement” refers to “the conclusion of a securities transaction in which the securities are delivered “in good form” to the purchaser as the funds of the purchaser are sent to the seller”. This is also known as “Delivery versus payment” or “DVP”. The mandated “prompt settlement” of trades would still fit in nicely with a 2 or 3-day delivery delay.
6) The second backstop was the SEC’s mandate to provide “investor protection and market integrity”. If the delivery delays were longer than just a couple of days then the share price depressant effect of these readily sellable but mere “securities entitlements” would be marked. In actuality it could become disastrous if massive levels of long term “securities entitlements” were allowed to accumulate in the share structures of corporations.
7) Securities fraudsters realized that neither the SEC nor the DTCC were monitoring for the levels or ages of the “securities entitlements” accumulating in the share structures of certain targeted corporations.
The “supply” of readily sellable legitimate shares plus the “supply” of mere “securities entitlements” when combined form the “supply” variable that interacts with the “demand” variable to dictate share prices. This is known as “price discovery”.
9) In abusive naked short selling frauds the “demand” variable is also manipulated as the share price enhancing effect of buy orders is neutralized by naked short selling into these buy orders before they interact with the “supply” variable to dictate share prices.
10) When the “supply” of readily sellable “securities” is artificially manipulated upwards by those refusing to deliver that which they sell and the “demand” variable is simultaneously manipulated downwards then the resultant share price “discovered” will have been grossly manipulated lower.
11) The authors of UCC Article 8 that ASSUMED that all delivery failures were of a short termed “legitimate” nature were wrong and since nobody was monitoring for the levels or ages of the “securities entitlements” procreated by delivery failures securities fraudsters realized that they could take massive naked short positions in targeted corporations by merely refusing to deliver that which they were selling and intentionally and predictably manipulate the share price to near zero.
12) The DTCC-administered clearance and settlement system in the U.S. is like no other on the planet. DTCC management unconscionably allows the sellers of securities to access the funds of investors even if they absolutely refuse to deliver the securities they were selling. All the abusive DTCC “participants/members” are asked to do is to “collateralize” the delivery obligations they were amassing.
13) The mere “collateralization” of a debt, however, has nothing to do with the “good form delivery” of that sold which is needed to accomplish the “settlement” of a trade and the DTCC has the mandate to “promptly settle” all trades.
14) Multi-billion dollar hedge funds and Wall Street behemoths have no problem whatsoever in merely “collateralizing” these debts. In fact, the debts needing to be “collateralized” diminish as the share price predictably tumbles from the manipulation of the “supply” and “demand” variables. As the “collateralization” needs diminish the investor’s funds flow into the wallets of those that continually refuse to deliver that which they sell.
15) As this cash flows into the wallets of the securities fraudsters refusing to deliver that which they sell this then allows them to assume and “collateralize” yet larger naked short positions which releases yet more share price depressing readily sellable “securities entitlements” into the share structure of the corporation targeted for destruction. The result is a “self-generating leverage” which results in the “self-fulfilling prophecy” that this corporation unfortunate enough to be targeted is going down as are the investments made therein and the jobs of all of their employees.
16) Share price “manipulation” involves the intentional altering of the natural supply and demand variables that determine share prices.
17) Share price “manipulation” is a form of “fraud” which involves the use of deception for illicit monetary gain.
18) The gist of these crimes is that since UCC 8 allowed “securities entitlements” resulting from delivery failures to be readily sellable due to their ASSUMED ultra short termed lifespan then any efforts to intentionally flood a corporation’s share structure with delivery failures that procreate readily sellable “securities entitlements” will with 100% certainty result in the manipulation of share prices downwards. Absolutely refusing to deliver that which you sell shows intent or “scienter”.

NEW YORK, Oct 8 (Reuters) – The value of credit default swaps backed by defaulted Lehman Brothers bonds will be set on Friday, with protection sellers expected to face massive losses of around 90 percent of the insurance they sold.

Or

DTCC says “The payment calculations so far performed by the DTCC Trade Information Warehouse relating to the Lehman Brothers bankruptcy indicate that the net funds transfers from net sellers of protection to net buyers of protection are expected to be in the $6 billion range (in U.S. dollar equivalents).”

DTCC Addresses Misconceptions About the Credit Default Swap Market

Last update: 3:28 p.m. EDT Oct. 11, 2008

NEW YORK, Oct 11, 2008 (BUSINESS WIRE) — The idea that the industry lacks a central registry for over-the-counter (OTC) credit default swaps (CDS) is grossly misleading and has resulted in inaccurate speculation on a number of matters, including the overall size of the market, its role in the mortgage crisis, and the size of potential payment obligations under credit default swaps relating to Lehman Brothers. The extent to which such speculation has fueled last week’s market turmoil is difficult to determine.

The facts are these:

Central Trade Registry
– In November 2006, The Depository Trust and Clearing Corporation (DTCC) established its automated Trade Information Warehouse as the electronic central registry for credit default swaps. Since that time, the vast majority of credit default swaps traded have been registered in the Warehouse. In addition, all of the major global credit default swap dealers have registered in the Warehouse the vast majority all contracts executed among each other before that date.
Size of the Market
– Reported estimates of the size of the credit default swap market have so far been based on surveys. These surveys tend to overstate the size of the market due to each party to a trade separately reporting its own side. Thus, when two parties to a single $10 million dollar trade each report their “side” of the trade, the amount reported is $20 million, which overstates the actual size by a factor of two since both reports relate to a single $10 million contract. When examining the outstanding amount of actual contracts registered in the Warehouse (not separately reported “sides”) as of October 9, 2008, credit default swap contracts registered in the Warehouse totaled approximately $34.8 trillion (in US Dollar equivalents). This is down significantly from the approximately $44 trillion that were registered in the Warehouse at the end of April this year.
Percentage of the Market Related to Mortgages
– Less than 1% of credit default swap contracts currently registered in the Warehouse relate to particular residential mortgage-backed securities. Mortgage-related index products also have some components relating to residential mortgages and, as a whole, also constitute a relatively small fraction of total credit default swaps registered in the Warehouse.
Payment Obligations Related to the Lehman Bankruptcy
– One of the many central servicing functions of the Trade Information Warehouse is to calculate payments due on registered contracts, including cash payments due upon the occurrence of the insolvency of any company on which the contracts are written. Calculated amounts are netted on a bilateral basis, and then, for firms electing to use the service, transmitted to CLS Bank (the world’s central settlement bank for foreign exchange) where they are combined with foreign exchange settlement obligations and settled on a multi-lateral net basis. Currently, all major global credit default swap dealers use CLS Bank to settle obligations under credit default swaps. It is expected that all major institutional players in the credit default swap market will use the same process for settlement by the end of 2009.
– The payment calculations so far performed by the DTCC Trade Information Warehouse relating to the Lehman Brothers bankruptcy indicate that the net funds transfers from net sellers of protection to net buyers of protection are expected to be in the $6 billion range (in U.S. dollar equivalents).
DTCC has long supported the U.S. and global capital markets as a critical part of their operational infrastructure. We stand ready to play a constructive role in whatever overall regulatory environment ultimately emerges for the credit default swap market. We do believe, however, that whatever environment emerges should be based on assessment of the facts as they stand, rather than speculation.
About DTCC
DTCC, through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC’s depository provides custody and asset servicing for more than 3.5 million securities issues from the United States and 110 other countries and territories, valued at US$40 trillion. In 2007, DTCC settled more than US$1.86 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas.
DTCC Deriv/SERV LLC, a wholly-owned subsidiary of DTCC, provides automated matching and confirmation for OTC derivatives contracts, including credit, equity and interest rate derivatives. According to major market participants, over 90% of credit derivatives traded globally are electronically confirmed through Deriv/SERV. The Trade Information Warehouse, a service offering of Deriv/SERV launched in November 2006, is the market’s first and only comprehensive trade database and centralized electronic infrastructure for post-trade processing of OTC derivatives contracts over their lifecycles, from confirmation through to final settlement.
For more information on DTCC and DTCC Deriv/SERV, visit http://www.dtcc.com.
SOURCE: DTCC
DTCC
Stuart Z. Goldstein, 212-855-5470
sgoldstein@dtcc.com
or
Judy Inosanto, 212-855-5424
jinosanto@dtcc.com

Copyright Business Wire 2008

Ladies and Gentlemen:

It came as no surprise today to read long-time naked shorting denier and hedge fund shill Joe Nocera’s N.Y. Times “woe is me” piece asking “so why didn’t we know any better?” What a joker, that Nocera, (along with the editor who allows him to continually misinform and misdirect, especially as to the real causes and culprits of our financial meltdown).

While those causes are in fact complex and diverse, they are all uniquely interrelated in origin. There should be no mistaking the fact that the tragedy that has engulfed the world didn’t have to happen– would never have happened had the Wall Street/DC banking power structure not captured control of the system and decided to institutionalize lying, cheating and stealing under the ruse of “more efficient markets.”

It would also not have happened if the once proud free press had not thoroughly capitulated and allowed the truth, known and spoken by many, to be repeatedly scorned, derided and ignored by Nocera and his wolves in sheep’s clothing cohorts.

Be there any uncorrupted journalists left, here are some more truths to be ignored to their– and our collective peril.

Any ideas on how we can do this?

http://uk.youtube.com/watch?v=suei8ixfSQY&feature=related

As the stock markets around the whole world are being driven down day after day and the retirement funds of American citizens are being literally destroyed, the SEC continues to sit on its hands and do nothing to stop illegal naked shorting other than its temporary bans on specific stocks, which have now expired.

And COX’s statement about having new rules in place in two weeks to stop naked shorting? – has not happened. The SEC continues to talk about the naked shorting problem, and then does nothing or takes an action, a baby step action, which fails to solve the problem.

Thank you DeepCapture.com for detailing the SEC’s continuing refusal to take decisive steps against illegal naked shorting:

“Naked Shorts Frolic While Financial System Fries
October 10th, 2008 by Mark Mitchell
…..

Morgan Stanley could be gone by next week.”

When I see the financial markets around the world is being destroyed by counterfeiting hedge funds, and also see our SEC refusing to implement a solid solution to naked shorting, I have to come to the conclusion that the SEC is being driven by the “Principle of Greed”, which is the same principle driving the counterfeiting hedge funds.

The “Principle of Greed” driving the counterfeiting hedge funds and endorsed by our SEC’s actions, is that the rich and the powerful have the “RIGHT TO MAKE EASY MONEY” by “CREATING PHANTOM STOCK” shares to naked short any company they want to.

And after they manipulate a stock price downward with PHANTOM SHARES, they can either buy “real” shares on the open market to “cover” these PHANTOM SHARES or they can “cover” these PHANTOM SHARES with new PHANTOM SHARES created legally by friendly Market Makers (the SEC says this is Legal), who are driven the same “Principle of Greed”.

Since the SEC will not protect our financial markets, and Congress is doing nothing, and the FBI is probably being forbidden by our elected officials from doing anything, we, the American people, will have do something ourselves to uncover and expose the SEC’s “Principle of Greed” guiding its every step.

Any ideas on how we can do this?

Why dont you send this piece of article to your congress and perhaps G7, and Bushy??

Instead of just talking here if you do know it is true and factual!

Dont just sitting here every second of delay will set off Global infestition from these crooks !!

God bless …

Kevin

My opinion is that the gas and oil guys are colluding with the hedge funds and now the rating agencies to bring down GM because it will cut into consumption so dramatically.

Just a theory.