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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Who is "poor" -- you or me?

You misread the meaning of "the poor". "The poor", by definition, means the guy who needs the loan. If you don't need the loan, you're not "poor".

Charging interest on a loan was forbidden in the "Old" Testament. Later, people will evil intent twisted that to mean you could loan with interest to a non-Jew, but that is a situation where you consider the borrower an evil-doer. In an economy, if you consider the person you loan to an evil-doer, what on earth do you expect will be the product of your loan except evil?

The Biblical position is that interest is illegal. If Red China wants to buy U.S. Treasury notes, the rate the U.S. taxpayer should pay for the loan is ZERO percent.

i don't think you know what you are talking about

do you know Gary North?
He wrote a31-volume series, An Economic Commentary on the Bible. It totals about 8,550 pages, not counting four separate appendix volumes. He began writing this series in early 1973. He completed it in August 2012.

"Christians have some vague awareness that the Bible prohibits interest-bearing loans, but they cannot find all of the passages that refer to this, and they have bank accounts and mortgages. They do not feel guilty, but a few may feel uneasy".

"I have good news and bad news. It is OK to deposit money in the bank and earn interest. That's the good news. It is unwise to borrow money to buy anything but investments and to meet emergencies. That is bad news for most Christians."

"For well over a thousand years, Christian theologians debated the issue of interest on loans. They have relied too heavily on Aristotle, who prohibited interest, and not enough on the Bible. They have misquoted the Bible. They have misunderstood the Bible. They have also had no influence over loans and finance for well over three centuries."

Jesus Authorized Interest

In the parable of the talents, which dealt with the Final Judgment, Jesus told of three stewards. A rich man puts them in charge of his money. Then he leaves town. On his return, he requires an accounting. One steward had multiplied his five talents by two to one. The second had multiplied his two talents by two to one. The third had buried his coin in the ground, which he returned to the owner. Here was the response of the owner, who is symbolic of God on judgment day.

Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury. Take therefore the talent from him, and give it unto him which hath ten talents. For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath. And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth (Matthew 25:27-30).
If charging interest were not legitimate, why would Jesus have used the example of money-lending as a legitimate way to increase capital? Why would He have attributed to God such words of condemnation for not having lent at interest?

Those Christian commentators who say that usury is prohibited, meaning all interest on loans, prefer not to mention the existence of this passage, let alone explain it.


Everytime b.s.

Everytime b.s.

Who do you work for?

Who is paying your salary and benefits? You're the best and brightest the CIA has to offer? As Henry Kissinger said, military men are "dumb, stupid animals". Go back to your bunk, or your pup tent, or wherever you sleep with other men, cadet.



Military contractor, eh?

Military contractor, eh? Bunk buddy of G.I. Joe. Don't ask, don't tell.

Wasn't General Eisenhower the bee's knees when he begged America to dismantle the military-industrial complex?

Now, THAT was a patriot.

You have identified the

You have identified the motherload. Prepare to be liquidated.

I'm glad you keep posting about this.