17 votes

$1.6 Quadrillion Annual Transaction Settlement by One Company. DTCC.com

Buried deep in long letter to stakeholders [would stake through the heart end the Fed & friends?]


Depository Trust & Clearing Corporation.
"DTCC's depository provides custody and asset servicing for more than 3.6 million securities issues from the United States and 121 other countries and territories, valued at US $37 trillion in 2010."

DTCC peak transaction flow appeared 2007, when we all heard that, "Giant sucking sound." Ross Perot warned us. Disappeared 1/2 our economy.

  • 2005. $1.4 Quadrillion [Going up.]
  • 2006 $1.5 quadrillion
  • 2007. $1.8 Quadrillion
  • 2008. $1.88 Quadrillion [During the Great Recession.]
  • 2009. $1.48 Quadrillion [They somehow managed to eek by.]
  • 2010. $1.66 Quadrillion
  • 2011. $1.7 Quadrillion [Going up! Stand back. Doors are closing.]
  • 2012. $1.6 Quadrillion [Went down! Stand back. Doors are closing.]

"Legal Tender" Laundry Operation Center: DTCC, 55 Water Street, Manhattan NY. Off Broadway. Get your tickets! Laundry & Dry Cleaning while you watch the show.

Mark Twain collection briefs about the Fed family & Monopoly Boyz friends. Fed Inflates Itself Beyond "Alice in Wonderland" ... $2 Quadrillion Collected & submitted by Mark Twain 09/11/2011

Following the money is easy once inside the Labyrinth. Getting out is a puzzlement. The lie of the Labyrinth.
============ $2 quadrillion footnote, May 2012. ============

About DTCC [$2 Quadrillion Footnote]
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 almost 3.7 million securities issues from the United States and 121 other countries and territories, valued at US$39.5 trillion. In 2011, DTCC settled nearly US $1.7 quadrillion in securities transactions. DTCC has operating facilities and data centers in multiple locations in the United States and overseas. For more information, please visit www.dtcc.com.

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Cyril's picture

"Money" (so to speak)... ok, then, in music as consolation...

"Money" (so to speak)... ok, then, in music as consolation...


http://youtu.be/JkhX5W7JoWI

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

BUMP.

BUMP.

Good Lord...

I know... :/

(Proverbs 11:1)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Proverbs 9:12. If you are wise, you are wise for yourself...

Proverbs 9 ~ New American Standard Bible.

9: Wisdom has built her house,
She has hewn out her seven pillars;
2 She has [a]prepared her food, she has mixed her wine;
She has also set her table;
3 She has sent out her maidens, she calls
From the tops of the heights of the city:
4 “Whoever is [b]naive, let him turn in here!”
To him who lacks [c]understanding she says,
5 “Come, eat of my food
And drink of the wine I have mixed.
6 “[d]Forsake your folly and live,
And proceed in the way of understanding.”
7 He who corrects a scoffer gets dishonor for himself,
And he who reproves a wicked man gets [e]insults for himself.
8 Do not reprove a scoffer, or he will hate you,
Reprove a wise man and he will love you.
9 Give instruction to a wise man and he will be still wiser,
Teach a righteous man and he will increase his learning.
10 The fear of the Lord is the beginning of wisdom,
And the knowledge of the Holy One is understanding.
11 For by me your days will be multiplied,
And years of life will be added to you.

12 If you are wise, you are wise for yourself,
And if you scoff, you alone will bear it. ...

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Cyril's picture

Yup ! :)

Yup ! :)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Dude, $1.6 quadrillion...

Dude, $1.6 quadrillion...

$ 1 , 6 0 0 , 0 0 0 , 0 0 0 , 0 0 0 , 0 0 0

....................................... ^ 1 oz/Ag

................................. ^ 1 oz/Au

............................. ^ annual pay scale

....................... ^ nice "Villa" I'll likely never own

............... ^ Bill Gates' wealth / North Korea GDP scale

......... ^ France GDP scale

....... ^ US GDP / US debt scale

. ^ Huh ???!!!

(in lower bounds / 10) ...

that's a heck of a lot of ... "clearing" !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Clear $1.6 quadrillion settlements, 10 x the US GDP each year.

1 private company. What could you do with a $1.6 quadrillion annual transaction flow? Actually their numbers are variously reported.
DTCC & friends. Reporting vastly more... $3 quadrillion? Or does it round to $4 quadrillion? But whose counting?

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Cyril's picture

^^^ BUMP.

^^^ BUMP.

C'mon, let yourself go... Deep breath... Spell it out with me...

s...

c...

a...

l...

e...

.
.
.

"SCALE."

http://www.usdebtclock.org/

HELL, YEAH!

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Oh my...

Oh my...

Ah well. Thank you for posting, Mr. Twain.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

The DTCC is the clearing house

for almost all securities transactions period. Man you people really will fall for anything. You are looking for the boogie man and it's right in front of you.......it's called......THE UNITED STATES GOVERNMENT!

Boogie Down - Peek (sic) Transactions Window [Un]dressing

http://m.youtube.com/watch?v=9H20MjJbJPo&fulldescription=1&h...

[ Coincidentally from the album 'Time To Pretend']

Peek through to those on the inside of the discount window. There's nakedness under the cover.

http://www.deepcapture.com/ubs-in-theory-a-conspiracy-to-nak...

Glimpse at sleazy shenanigans on the sheets:

http://www.zerohedge.com/article/rare-glimpse-feds-discount-...

When the music stops, with all the partying naked, there won't even be paper to help clean up the mess, other than perhaps the bar napkins upon which deals are scratched.

(For the convenience of the DTCC the transition to computer entries has supplanted share certificates for more than just those held in street name.

http://www.silverdoctors.com/dtcc-releases-statement-on-37-t...

Remember the DTCC, broker dealer owned and controlled, merely facilitates settlement and provides settlement services. It does not guarantee settlement. It does guarantees clearing. That is, it assures and guarantees that the money part of a transaction is transferred as contracted. There is no enforcing mechanism or 3rd party guarantor to guarantee settlement as contracted. )

Boogie Woogie

http://m.newsblaze.com/story/20100902092117mill.nb/topstory....

Are you serious or a NUT?

But then again you might be a genius…….one thing is for certain…..keeping up with your thought process is like chasing a fart in a whirlwind!

Out The Shorts --

'The Answer My Friend, Is Blowing In The Wind ...'

I've been down wind and drawing DPer's attention to the gaseous state of investment assets and the scent of systemic risks for some time:

http://www.dailypaul.com/comment/763590

If you'd rather chase paper, try to ignore what's wafting in your direction. You'll end up empty handed. Try to hang on tight; you'll still be blown away. I'm serious.

[From a blog post of someone who sums it up, still apt as we approach a new event horizon]:

http://www.thegearpage.net/board/archive/index.php/t-718457....

****

"scottl

Wall Street Journal Reports that Short Selling Fueled Panic (http://www.deepcapture.com/wall-street-journal-reports-that-...)

Posted on 25 November 2008

'Journalists who write about short selling hedge funds fall into three categories.
The first category is comprised of a very small number of journalists who have deliberately whitewashed the dubious activities of their short selling sources. These journalists–such as Herb Greenberg (whose stories for MarketWatch.com invariably served the interests of the same short sellers who are now paying Herb’s salary), and former BusinessWeek reporter Gary Weiss (http://www.deepcapture.com/gary-weiss-scaramouch-psychopath/) (who works with a cast of convicted criminals and flimflammers to smear the reputations of people who are critical of short selling crimes)–are, at some level, corrupt.

The second, larger category is comprised of journalists who gorge on the junk food fed to them by the hedge fund lobby, subsequently farting out the predictable fog – “short sellers are vital to the markets;” “short sellers are vital media sources;” “short sellers were right about company X because company X is now bankrupt.” To which you say, yeah, but some of those short sellers commit crimes that destroy companies – and the journalists say, yeah, that might be, but it’s hard to prove a crime, deadlines loom, and sloth has its appeal, so “fart, fart, fart.”

The third category is comprised of the small but growing number of journalists who have actually spent some time chewing on the data and the evidence – and are now digesting this nourishing roughage into something a bit more solid – something like stories that show that short selling shenanigans just might have contributed to the near total collapse of the American financial system.

As evidence that the latter sort of journalists do, indeed, exist, consider that no less than five Wall Street Journal reporters spent several weeks working together on an investigative story about how short selling might have helped fuel the panic that nearly took down Morgan Stanley in September.

The result, published yesterday, revealed that:

Hedge fund managers Dan Loeb and Israel Englander pulled their money out of Morgan after taking large short positions in the company. Jim Chanos, head of the short seller lobby, also yanked his money, though he claims not to have been short Morgan. (The unstated suggestion is that the shorts might have worked together – simultaneously pulling their billions in order to create the illusion of a run on the bank.)

At the same time that the hedge funds were yanking their money and taking big short positions, somebody bombarded the market with false rumors about Morgan losing access to credit. New York Attorney General Andrew Cuomo and the Securities and Exchange Commission are looking into whether short sellers were responsible for these rumors.

While the false rumors circulated, the price of Morgan Stanley credit default swaps soared. The New York AG and the SEC are examining “whether traders bought swaps at high prices to spark fear about Morgan’s stability in order to profit on other trading positions [short sales], and whether trading involved bogus price quotes and sham trades.”

This “pattern of trading, which previously had battered securities firms Bear Stearns Cos. and Lehman, now is dogging Citigroup, whose stock fell 60% last week to a 16-year low.” (The unstated suggestion, contrary to what the Journal used to tell us all the time, is that it is not just “bad management” that causes stock prices to lose half their value in a few days.)
The Journal might have done one better by noting that Loeb, Englander, and Chanos are part of a tight clique of hedge fund managers who tend to attack the same companies.
The Journal might also have pointed out that when these hedge fund managers attack, they often “share ideas” (ie., spout the same false information and distorted analysis about their victim companies, sometimes anonymously on Internet message boards).
And it would have been worth noting that the companies targeted by these hedge fund managers are invariably victimized by naked short selling. That is, whenever these particular hedge funds are swarming, somebody is selling a lot of stock that they do not possess, and therefore failing to deliver the stock on time.

The SEC’s “failure to deliver” data for September will become public in a couple of weeks. If the data shows, as I suspect it will, that Morgan Stanley was targeted by illegal naked short selling, then maybe The Wall Street Journal will do a follow-up report.
Before that, The Journal’s reporters could take a look at the data through June, which shows quite clearly that in addition to the “pattern of trading” cited in yesterday’s story, Bear Stearns was buried under waves of naked short selling, beginning in January. On the day that CNBC’s David Faber reported the false news (fed to him by a hedge fund “I have known for twenty years”) that Goldman Sachs had cut off Bear’s access to credit, more than a million shares of Bear Stearns were sold naked, failing to be delivered within the allotted three days. Most of those shares – and another 10 million Bear Stearns shares sold short in March – have, to this day, never been delivered.

Then there is the data that shows that, market wide, “failures to deliver” doubled between 2007 and 2008, and peaked at 2 billion shares at the end of June – just before the SEC issued its July 15 “emergency order” protecting 19 big financial institutions from naked short selling.

While the “emergency order” was in place, stock prices increased dramatically. Within weeks after the “emergency order” was lifted, a number of those 19 protected companies – including Lehman Brothers, Merrill Lynch, Morgan Stanley, Citigroup, Fannie Mae, and Freddie Mac – saw their stocks plunge to crisis levels, and were then vaporized, nationalized, or bailed out.
The data through June shows that nearly all of those companies had been hit with massive levels of naked short selling, with between one million and 12 million shares failing to deliver in multiple spurts of several days. Washington Mutual, IndyMac, and a few dozen other now-defunct financial companies were clobbered with even higher levels of fails — day after day for weeks on end. Many non-financial companies have been hit even harder.

In fact, the available data understates the problem. There could be ten, 100, or many more times (http://www.deepcapture.com/a-message-of-peace-to-wall-street/) as many failures to deliver, but we cannot know for sure because that black-box Wall Street outfit called the Depository Trust and Clearing Corporation refuses to release more complete data. It also refuses to reveal which criminal hedge funds are engaged in naked short selling.

Meanwhile, the DTTC vehemently denies that naked short selling is a problem and attacks journalists, critics, and former DTTC employees who say otherwise – all part of a disinformation campaign orchestrated with help from the corrupt former BusinessWeek reporter Gary Weiss and his criminal accomplices, some of whom are paid by Dan Loeb, the hedge fund manager who features in yesterday’s Journal story.

Gary has gone so far as to hijack Wikipedia in cahoots with a Wikipedia administrator and former MI6 agent named Linda Mack. Anybody is supposed to be able to edit the online encyclopedia, but until recently only Gary and Linda Mack could touch the entry on “naked short selling” (which of course said there is no such crime). Gary flat out denies working with the DTCC and says that if somebody saw him go into the DTTC’s office, it was to “use an ATM machine.” He also continues to flat-out deny that he has ever edited Wikipedia, even though he has been exposed by The Register (http://www.theregister.co.uk/2008/10/01/wikipedia_and_naked_...), a respected British publication.

After The Wall Street Journal figures out why the DTTC is protecting criminals, it could investigate why the SEC has never prosecuted a hedge fund for naked short selling, and why the Wall Street cronies who run the commission quashed at least two major investigations into suspected short selling crimes.
One of those investigations (targeting research firm Gradient Analytics, but meant to be the beginning of larger inquiry into the activities of Gradient’s short selling clients, was shut down under pressure from the aforementioned corrupt journalists, several of whom (Herb Greenberg, Jim Cramer, and Carol Remond of Dow Jones Newswires) had received government subpoenas because of their unusually close ties to Gradient and the aforementioned clique of short sellers.
Another investigation (into suspected naked short selling that SEC whistleblower Gary Aguirre described in a letter to the U.S. Congress as having the potential to “seriously injure the financial markets”) was shut down under pressure from Morgan Stanley CEO John Mack, who apparently had “juice” at the SEC. (For details see the U.S. Senate’s 700 page report (http://finance.senate.gov/sitepages/leg/LEG%202007/Leg%20110...) on the matter. When the Senate refers to “market manipulation,” it is describing naked short selling.)

In yesterday’s story, The Journal notes that “sales of credit-default swaps were a profit gold mine for Wall Street. But, ironically, during those tumultuous few days in mid-September, the swaps market turned on Morgan Stanley like a financial Frankenstein.”
The Journal should have noted that naked short selling, too, was a gold mine for Morgan Stanley, and that given Mack’s role in shutting down the SEC investigation, it is kind of ironic that the Morgan CEO later found himself complaining to the SEC that short sellers had illegally manipulated his stock to single digits. Indeed, this was a stunning admission that a crime long denied by Wall Street does, in fact, occur.

The Journal could also investigate why the aforementioned corrupt journalists smeared Gary Aguirre, circulating the story (completely false, according to the U.S. Senate and the SEC inspector general, and all available evidence) that the SEC whistleblower had been fired for poor performance. There is also the question as to why these journalists, most of whom have yet to publish a story that was not sourced from the aforementioned clique of hedge funds, went to such lengths to smear other critics of naked short selling – everybody from Deep Capture reporter Patrick Byrne to the blogger who calls himself the Easter Bunny. .
The Journal might also be interested to know that one of those short selling hedge funds, Kingsford Capital (managed by corrupt journalist Herb Greenberg’s former co-editor at TheStreet.com) announced that it would begin paying my salary at the Columbia Journalism Review (where I was then an editor), just before CJR was going to publish a story about naked short sellers (including Kingsford Capital) and captured journalists (including Herb). Indeed, three of the four journalists who have begun work on major stories about naked short selling have ended up shelving or watering down their stories, not long before receiving funding or salaries from this same clique of hedge funds (more on this in a coming dispatch).
Perhaps a shifty hedge fund will offer jobs to the Journal’s hard-working reporters, too. Either that, or they will get smeared as “conspiracy theorists” or “knuckleheads who don’t understand markets and were fired from their previous jobs.” Maybe the hard-working reporters will give up.
Or maybe they’ll keep chewing on the facts and publish a story about how captured regulators, corrupt journalists, a colorful cast of convicted criminals, the black box DTTC, and the aforementioned clique of hedge funds all sought to cover-up a crime that is now implicated in the greatest market cataclysm since 1929."

*****

Goldspan, since you already have it figured out -- 'noth'n to see here, folks, move along', I would be 'nuts' to come right out with the truth as I see it. Hence, my 'muse-ique' style:

" ... of interconnecting motifs organically designed with a sense of wonder to encourage the audience to come to the truth on their own terms... inquiry through a self-directed process of connecting the dots, which I merely instigated, leaving it to the viewer to complete in a personal way (as one views art).

My goal: impart information, articles and links in a way that hopefully stayed somewhat interesting, but also provoked reflection tangentially (inviting perusal). I aimed to challenge and coax people to sleuth on their own while calling on them to come to grips with some alarming, difficult to confront truths.”

http://www.dailypaul.com/comment/795941

“If you knew how much work went into it, you wouldn't call it genius. ”

― Michelangelo Buonarroti

but sooner or later you have to decide

The battle you are willing to fight. Each individual battle exposing the corruption OR the major battle by doing away with the corruptors? The former is a waste of time, especially as more and more people become dependent on the Matrix for their existence, but at what point will the “long train of Abuses and Usurpations” become great enough for you to act?

Are you ready to join me in the only legal nonviolent course of action to unplug the Matrix or are you all talk?

I No Longer Aspire To Toxic Avenging ...

... But I oppose indifference and other such wrongs.

For more than a decade I've been about as unplugged as a man can get and I'm not much of a joiner anymore either. Though I've not morphed back to a 98 lb weakling, I'm no longer hell bent to battle. I'm not all that concerned with what I'm told is legal, or not.

"The struggle of man against power is the struggle of memory against forgetting."
- Milan Kundera

In the meantime, I sit, I stand, I think, I act, AND I talk ... while I live ...

"I sat in the corner of the garden restaurant over my empty plate, having eaten my schnitzel without realizing it, and I saw that I too (right now, already!) had been included in this inescapable and boundless forgetting. The waiter came, took my plate, stopped to brush a few crumbs off my tablecloth, and hurried to another table. I was seized with regret about this day, not only because it had been futile, but because not even its futility would remain, it would be forgotten along with this table, along with the fly buzzing around my head, along with the yellow pollen scattered on the tablecloth by the flowering linden, along with the slow, indifferent service that is so characteristic of the society I live in, even that society would be forgotten, and even its mistakes and errors and injustices that had hypnotized me, that I had suffered from, that I was consumed by, and that I had vainly attempted to redress, to punish, and to undo -- vainly, because what had happened had happened and could never be redressed.

"Yes, suddenly I saw it clearly: most people deceive themselves with a pair of faiths: they believe in eternal memory (of people, things, deeds, nations) and in redressibility (of deeds, mistakes, sins, wrongs). Both are false faiths. In reality the opposite is true: everything will be forgotten and nothing will be redressed. The task of obtaining redress (by vengeance or by forgiveness) will be taken over by forgetting. No one will redress the wrongs that have been done, but all wrongs will be forgotten."

-Milan Kundera, The Joke

yup.

but 'clearing house' in reality, is simply a euphemism for 'laundering house'

lol.

Predictions in due Time...
http://www.youtube.com/watch?v=zGDisyWkIBM

"Let it not be said that no one cared, that no one objected once it's realized that our liberties and wealth are in jeopardy." - Dr. Ronald Ernest Paul

'No Ticky, No Washy !'

Battle cry to cue the TOXIC AVENGER, to remove the skid mark stains in the crack house at 55 Water and Wall Street.

http://www.dailypaul.com/70774/crack-house-uncovered

'the enemy of corruption, thuggish bullies and indifference'

http://en.m.wikiquote.org/wiki/The_Toxic_Avenger

1% Wall Street sales tax now!

A 1% Wall Street sales tax on all securities trades will generate $166 trillion annually from this company alone -- enough to pay off the national debt, every state's debt, every county's debt, every city's debt, every homeowner's mortgage, every student loan, and still have over a $100 trillion left over for infrastructure, health care, Social Security, and jobs. All personal income, sales, property, and estate taxes can be eliminated forever.

Why should a homeless man have to pay sales tax on a new wheel for his shopping cart when the moneychangers don't pay sales tax on the money they change?

Why should a free people be Slaves to Corruption?

Klaus7, are you THAT MUCH brainwashed? Think about it, and I don't mean this as an attack, but you don't fix a problem with the same mentality that created it.

Priorities

The #1 priority over all others should be the permanent abolition of all personal income, sales, property, and estate taxes. No remnants of these chains shall remain on We the People in any form. The Founding Fathers intended that tariffs be the primary means of funding the federal government. Certainly, if we are to return to the Constitution, then tariffs must be reinstated in full. But there are 100 years of iniquities to correct. This so-called "national" debt was created by fraud. It is only fitting that recompense be demanded from the fraudsters who swindled the American people and created the Federal Reserve. The Constitution gives the sole power to issue money and credit to Congress, the elected Representatives of We the People, not to Wall Street and foreign banks. In keeping with the Founding Fathers' intent that the cost of the federal government be born on the backs of foreigners, not the People, Congress shall levy tariffs on imports and taxes on the foreign moneychangers who control Wall Street and rig markets.

man you are mis-guided

First of all.....”the national debt was created by fraud”....I hope you meant to say the national government (the Constitution)was created by fraud.

Second......"the Founding Fathers intent that the cost of the federal government be born (shouldn’t it be borne) on the backs of foreigner"

How do you get there.......if the tariffs are paid for goods and services provided by a foreign company......they pass the cost on to the customer……at what point would the foreigners be paying the taxes? If it reduced competition and made foreign products more expensive and more domestic product were consumed, the domestic producers would raise their prices to just under the foreign prices and the cost would be paid by the customer again. Your logic holds no water……and is completely false considering the Constitution was created for the purpose of starting a State of Mercantilism.

You really are lost in the fairytale.

By the sweat of your brow, you shall eat

"at what point would the foreigners be paying the taxes?"

At the point they get the bill from the tax man. Should they dare try to pass on their tax to the American consumer, they will be competing against American producers who pay no import tax. Let them compete in the marketplace with that tariff burden on their shoulders alone.

You "free traders" sponsored by the globalists fail on one key point: What creates the value of a product?

The answer is: human labor. Human labor produces every good and every service on this planet. Capital produces nothing. Management produces nothing. Labor produces the widget you buy.

Oh, management deserves a portion of the sale price, perhaps, 10%. But the widget is made by its laborers, who deserve to reap the profits from it.

Klaus7 You really are clueless

Companies do not pay taxes……they pass it on to their customers. Once again I will say it slow so you get it this time…….the domestic producers will raise their prices to just under their foreign competitors that are charging the higher prices because of the tariffs……therefore even if the products are purchased from the domestic producers……the end user is still paying the tariffs. This may be hard for a socialist conspiracy theorist kook to understand….but think real hard about it……it might actually sink in.

Corporations and governments look the same in my mirror

Corporations ARE governments. They have a President and a Vice-President, who are appointed by the Board of Directors, who are elected by the shareholders. Instead of one man, one vote, it is one share (dollar), one vote. Like politicians, corporate officers are granted legal immunity from personal liability for their actions. Unlike the mom and pop companies they compete against in the so-called "free" market. If mom and pop pollute the Gulf of Mexico, they go to jail and die broke. If a corporation pollutes the Gulf of Mexico, nobody goes to jail, and everybody retires with a lavish pension and a yacht.

Render to Ceasar what is Ceasar's and God what is God's

What creates the value of a product?
"The answer is: human labor."

Please calculate the value of the fish in the following circumstances:

The only man on an island catches a fish.

If the fish has no value that can be realized then labor is not the sole source of value. Furthermore, labor did not create the fish.

The value of a fish

The man caught the fish, therefore only he is entitled to eat it, or only he has the authority to designate who shall have the right to eat it. He did the labor. Only he deserves the reward from it.

RE: Value of a fish

Eating a fish is not equal to realizing a gain or profit deriving from sources of value.

The term use well describes any bundle of rights applicable to the only man on an island who catches a fish. Consumption or possession are merely types of use.

If one moves beyond the circumstances of an island to discern sources of value then who performed the labor to create any language, symbols, monies, markets, roads, etc. used to realize a gain or profit? Is not any means used to realize a gain or profit relevant to determine sources of value?

A few additional questions to ponder:

If I homestead a commonly traveled right of way, abandoned by the original creator, by slapping a little asphalt or concrete on it using stolen money from people can I justly exclude anyone merely because I performed work?

If I homestead a commonly traded currency, such as the dollar, by mint or print can I justly prescribe rules for its use because I merely performed work?

Is value a form of intellectual property with owners that can be discerned?

Can value be homesteaded like any other form of property?

Real world values

"If one moves beyond the circumstances of an island ..."

Rothschild does not have the right to pay a soldier to kill for him. Rothschild only has the right to waddle his short, bald, fat @$$ onto his battlefield to take his chances to be blown to smithereens.

"If I homestead a commonly traveled right of way ..."

Rick Perry does not have the right to give my Texas homestead to the Spanish consortium that holds him in their back pocket. Rick Perry must pay me fair market value for my homestead before he can put his Spanish-owned toll road on my property.

"If I homestead a commonly traded currency ..."

The RIAA has no right to control the music of any artist, nor does Amazon or Apple.

something something something

something something something O.T. bible reference

Everything

The Bible forbids charging interest on a loan, capitalist. It also commands the Jubilee year every 50th year, when all debts be null and void. Such is the wisdom of the Creator to establish order on His planet.

are you sure

The Bible sanctions usury (lending with interest), but the Bible disallows it when it comes to the poor. The Bible tells us that we should not lend and charge interest to people who we have a personal relationship with such as family or friends. The Bible tells us that usury, lending with interest, must not be done for unjust gain. The Bible does provide strict guidance concerning usury, but it also tells us that it is an acceptable profession. - See more at:

http://www.access-jesus.com/usury-in-the-bible.html#sthash.p...