7 votes

$2 Quadrillion, as a river flowed through. 55 Water Street flooded DTCC

      One company: A 2 Quadrillion Transaction Flow Monopoly Swamped Our Economy a Decade Ago

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

  • 2005. $1.4 Quadrillion
  • 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

55 Water Street, Manhattan NY: About DTCC

The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearing, 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 3.6 million securities issues from the United States and 121 other countries and territories, valued at almost $34 trillion.

In 2010, DTCC settled more than $1.66 quadrillion in securities transactions. Insurance & Retirement Services (I&RS) is the DTCC division that processes annuity and insurance transactions. I&RS is the central messaging connection for annuity and life insurance transactions, enabling insurance companies to provide broker/dealers with daily financial transaction information. It processes approximately 150 million transactions each month.

Quadrillions here:
http://www.DTCC.com/news/press/releases/2012/insurance_3Q_da...

Quadrillions there:
http://www.dailypaul.com/127832/fed-inflates-itself-beyond-a...

http://www.dailypaul.com/264901/2-quadrillion-footnote-about...

Where's yours?



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The DTCC is a clearing house for

just about every financial asset traded in this country...its not a bank.....this is a non-issue, why does this crap keep coming back around?

Bump!

The Depository Trust & Clearing Corporation..the biggest bank in the world and I bet you have never heard of it

Of all the scams, the worldwide banking system is one of the most mind-boggling. Never mind the entire false premise of fiat money and the debt system, that vast amounts of this illusory “currency” get shifted every micro-second just begs deceit and piracy.

Trouble is, if you “buy into it” you’re already ensnared, and it’s either eat, or be eaten. That’s their design.

What is the Depository Trust & Clearing Corporation?
Read More:
http://seeker401.wordpress.com/2011/02/26/the-depository-tru...

Another good post!

Thank you Mark Twain!Excellent post.I know this is an old post but needs a bump!Here is a link for everyone.
Videos included.
THE $36 TRILLION DTCC FRAUD (supposely documents destroyed due to the floods of hurricane Sandy.)
http://www.conscioushugs.com/the-36-trillion-dtcc-fraud-its-...

SteveMT's picture

The derivatives market must flow through this Corp.

No other numbers are this large. What about 2011 and 2012?

Some of the derivative market does.

Quite difficult to get firm numbers on derivative values. They are in essence, a wager. A bet.

The Commodity Exchange Modernization Act, 2008 specifically states they are: not gambling nor insurance. They are not to be regulated, was the whimsical sentiment.

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

  • 2005. $1.4 Quadrillion
  • 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

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

"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

How is this possible?

I know little about this area but the number is inconceivable and there are only 24 hours in a day if I am reading this correctly lol

I did not think there was that much money in the world?????

Perhaps someone in this industry could make some sound points on this topic.

Thanks for posting.

donvino

The vast majority of that money is not Real

The vast amount of money in the world is fake.

Only the tiniest amount of the money in the world now, actually represents real assets or real work performed.

Through ..

- printing fictitious currency not backed by real commodities (ie. physical gold / silver etc)

- compound fractional reserve lending - where the banks create "money" out of thin air against minimal reserves, and

- accounting fraud, ie. creating abstract paper financial instruments like "CDO's", and insurance policies like "derivatives" and god knows what else.

Most of it is an abstract game.

Cyril's picture

Did you know ? On the $5 trillions U.S. debt ... INTERESTS

The U.S. debt INTERESTS :

http://money.cnn.com/2012/03/05/news/economy/national-debt-i...

$ 5,000,000,000,000

In 2006, 92 millions american actually paid (were stolen) an income tax :

http://taxfoundation.org/article/number-americans-paying-zer...

EVEN IF the average annual income of the 1% would be one million dollars, you would need :

1. TO TAX the wealthy AT 100% AND DURING 5 YEARS in a row ... to pay off ONLY the interests of the U.S. debt

AND

2. Maintain the gov't expenses AT ZERO during the same period.

...

"Gold is the currency of kings; silver is the currency of gentlemen; barter is the currency of peasants; debt is the currency of slaves."

Stack on.

"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

Staggering

I guess guys like the character Olu Jacobs played will be the 1 per cent in the future lol

https://www.youtube.com/watch?v=90qY-jVIp9M

donvino

Cyril's picture

lol yeah

lol 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

No, I did not. I don't believe in the income tax. Never did.

It is created out of a lies. Lies are put into it. Lies are said about it. Income tax was created to pay the Nation debt. But to whom?

Study: "Grace Commission" President Reagan.

For fun, add: "Mark Twain"

Also see this posted today: $2 Quadrillion footnote about 55 Water Street flooding DTCCc 12/01/2012

    Flooded trillions of Dollars of paper securities in a basement vault.

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

I agree. This makes NO sense.

I agree.

This makes NO sense.

"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

DTCC Footnotes to history. This found in footnotes.

Storm Sandy cast wrath on 55 Water Street, NY. Securities vault? $37 Trillion? by Mark Twain

Yes. Few believe. ... Even in press releases about their soggy basement vault, they report little but soggy paper notes. Financial instruments valued at $37 trillion they "legal tenderly" court them; alas, but soggy notes.

New York is running transactions through this one private company, DTCC... DTCC has put hundreds of references to their $2 Quadrillion racket in their footnotes. These footnotes have been running many years:

  • 2005. $1.4 Quadrillion
  • 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

DTCC references to quadrillions of dollars are trimmed & cropped... w/o explanation.

=====================================================================
Footnote: Definition of EPHEMERAL
1
: lasting one day only (an ephemeral fever)
2
: lasting a very short time (ephemeral pleasures)

Examples of EPHEMERAL
{the autumnal blaze of colors is always to be treasured, all the more so because it is so ephemeral}

{Depository Trust Credit Clearing (DTCC) counts $2,000,000,000,000,000 each year in New York City, but what it counts is ephemeral... Always flowing. Never stopping to reflect. Seldom to glitter.}

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