The Greatest Depression, Understanding How Screwed We All Are

[Fremen Bryan]

------ Forwarded Message
From: Ernest Hancock <ernesthancock@...>
Date: Thu, 24 Jul 2008 08:04:54 -0700
To: <ernesthancock@...>
Subject: Ernest Hancock (for my friends) Understanding How Screwed We All Are - "The Greatest Depression"


Thursday, Jul. 24, 2008 7:59 am
Feature Article • More about Economy - International <http://www.freedomsphoenix.com/Standard-Page.htm?Page=00148>
Understanding How Screwed We All Are - "The Greatest Depression" – by Ernest Hancock <http://www.freedomsphoenix.com/Feature-Article.htm?InfoNo=036120>
Ernest Hancock <http://www.freedomsphoenix.com/Writer-Bio-Page.htm?EdNo=001>
I'm starting to see the pattern in the tapestry. There is enough information provided in this article for all of us to begin wrapping our minds around what is about to happen, how and by whom (Why? Trillions of looted dollars,... that's why)
Make a Comment <http://www.freedomsphoenix.com/Add-Comment.htm?Type=Article&InfoNo=036120> • Email this Article <http://www.freedomsphoenix.com/Email-Story.htm?InfoNo=036120> • Send Letter to Editor <http://www.freedomsphoenix.com/Add-Letter.htm?InfoNo=036120>

One World Government,... One World LOVEolution - Jon Marino
(Francisco d'Anconia's remark in Ayn Rand's "Atlas Shrugged"): "when you see that in order to produce you must obtain permission from men who produce nothing... and your laws don't protect you against them but protect them against you ...you may know that your society is doomed"
The urge to save humanity is almost always a false front for the urge to rule.
-H.L. Mencken -
"You can make the Ring into an allegory of our own time, if you like:
an allegory of the inevitable fate that waits for all attempts to defeat evil power by power"
- J.R.R. Tolkien -
"... if we be ruined for bravely resisting tyranny, what then be our fate should we submit?" Francis Marion 1781 Colony of South Carolina
www.ArizonaBreakfastClub.org <http://www.ArizonaBreakfastClub.org> - www.WesternLibertarian.org <http://www.westernlibertarian.org/> - www.theLfactor.org <http://www.thelfactor.org/> - www.FreedomSummit.com <http://www.freedomsummit.com/> - www.ErnestHancock.com <http://www.ernesthancock.com/> - www.ErnestHancock.org <http://www.ErnestHancock.org>
www.FreedomsPhoenix.com <http://www.FreedomsPhoenix.com>

Understanding How Screwed We All Are - "The Greatest Depression" – by Ernest Hancock

Ernest Hancock
Website: www.ernesthancock.com
Date: 07-23-2008
Subject: Economy - International

Understanding Just How Screwed We All Are – by Ernest Hancock

Stuck in the Baltimore/Washington airport for 8 hours due to a canceled flight, I had time to listen to an Interview posted on FreedomsPhoenix by Editor Mike Dugger (over the next 24 hours I would listen to the program 3 times). This started us down a path of news coverage that exposed a whole new level of understanding about just how much the planet has been plundered by those,… that can. Bloomberg even won an Emmy for a 30 minute TV program telling a small part of the story (included below) Summary: Central bankers devised a way of taking physical possession of all of the stocks in every Initial Public Offering (as far as I can tell it seems like _ALL_). This allows for selected entities (broker friends etc.) to use the stocks as "collateral" in such a way that they are counterfeited into many many many many times their value into 'the market' (Example, for the scale of this: $75 Trillion in worldwide real estate value, $50 Trillion in worldwide annual Gross Domestic Product - $675 Trillion in estimated "derivative value") Sooner or later someone is going to want to see the actual stock that they purchased or whatever is being used as collateral. Well, the 'settling of accounts' has been going on in Europe unknown to the general public in America for many months in an attempt to lessen the damage to Europe's Economy.

The stories below include press releases by MARKIT and the DTCC announcing their combined efforts to make an accurate accounting of all of the trades in the world so that they can be balanced with what is actually available. What was interesting to me was how cryptic the stories were about who/what MARKIT and DTCC was. In none of the articles did they even provide the full name of the DTCC (so I took a look and did some research after a friend told me about their nickname that he read about in 1999. CEDE (as in turning over something to another) comes from: "Depository Trust Company (DTC) A central securities certificate depository (also known as "CEDE" by virtue of its nominee name, CEDE & Co.) It seems that the holders of the actual stocks have a sense of humor,... kind'a like the Total Information Awareness logo designers (the Pyramid/Earth logo below a few paragraphs down is real. We thought it was joke too back in 2002/03 when this was rolled out, but it was real. After a lot of criticism it was changed)

DTCC is a member of the Federal Reserve System (they are the "holders" of the actual stocks as far as I can tell). Now we have "The BANK" (the Central Bankers we have been warned often about by those tracking such things), The Bank of International Settlements has just announced their plan to "audit" the Federal Reserve (something that even the US Government can't do). Bottomline: I am of the opinion that we have all been the victims of the largest robbery in Human history. Computer technology allowed for the creation of electronic counterfeiting that allowed for the nearly unlimited pillaging of every form of financial instrument used in America and in much of the world. Pensions, Retirement funds, 401Ks, Money Market Funds (Government or Municipal) all gone. It's not an "if" thing,… it is an "already happened" thing. Now the Banking system will do its best to "control" the news, and who gets the blame, by leading the investigation of the crime that they were very much involved in and profited from. Things are going to get much worse than I ever feared. There is enough recent news below and some background to help us all understand much more about what happened and what is to come. (Comment by: hemingway811
Entered on: 2008-07-24 09:29:49
I just wanted to post a link to deepcapture as it is directly related to counterfeiting securities. This site was founded by Patrick Byrne, CEO of Overstock.com, who has been fighting against counterfeiting and other abuses in our markets. This site contains much researched information you will not find anywhere else. http://www.deepcapture.com )

Motto:
Scientia est Potentia

Total Information Awareness

History

I can't find the new logo right now but I've seen it on the net before. It is a stylized TIA with the "A" in the shape of a pyramid with a hoop through the "A" to look like there is something 'in orbit'

News Link • Economy
The Greatest Crime in History (Publisher: Audio - This you need to know)
06-13-2008 • Finacial Sense Newshour
(Audio) Mr. Bud Burrell of Scottsdale, Arizona, who has worked in high finance for over 35 years, lays bares the truth of how Americans have had their wealth stolen from them. Naked shorts, counterfeit stocks, and other means have cost Americans... Read Full Story Reported by: Mike Dugger Feature Article • Corruption
Phantom Shares - Emmy Award winning Bloomberg Movie
Ernest Hancock
DOWNLOAD Phantom Shares.asf (36.05 MB MOVIE)
Make a Comment • Send Letter to Editor News Link • Economy
8,500 Banks may soon die
7-21-2008 • Daily Kos
Want to know what happens next? It's ape ass ugly and it's going to happen to you, so don't say I didn't warn you. Let's tackle the topic at hand: The Ginormous Banking Enema of 2008
Make a Comment • Send Letter to Editor
Reported by Powell Gammill News Link • Economy
DTCC, Markit Form OTC Derivatives Partnership
07-22-2008 • www.watersnews.com
The new company will provide a single gateway for confirming over-the-counter (OTC) derivative transactions globally. This will allow buy-side and sell-side OTC derivative market participants to confirm trades and to gain access to additional service
Make a Comment • Send Letter to Editor
Reported by Ernest Hancock
News Link • Economy
Eurex Will Offer Central Clearing Service for OTC Derivatives
07-22-2008 • www.securitiesindustry.com
Designed to address industry concerns about systemic risk due to backlogs of transaction confirmations in the credit derivatives arena. (this means that the real value of $100's of Trillions in derivatives will be settled, stay tuned)
Make a Comment • Send Letter to Editor
Reported by Ernest Hancock News Link • Economy
Markit and DTCC form derivatives trade processing JV
07-22-2008 • www.efinancialnews.com/
Single gateway for confirming OTC derivative transactions globally and the initiative will accelerate the adoption of electronic processing services across the rapidly growing $454 trillion OTC derivative market where around 50% of transactions are s
Make a Comment • Send Letter to Editor
Reported by Ernest Hancock
News Link • More about Federal Reserve
The Federal Reserve is getting Audited by "Bank of International Settlements"
07-23-2008 • www.consciousmedianetwork.com
George Green on the Economy (President Bush has agreed to the audit,... after he is out of office - Note: the Federal Reserve is immune from a US Gov't Audit) - The Bank of International Settlements is "THE BANK" that conspiracy advocat Read Full Story
Make a Comment • Email this News Link • Send Letter to Editor Reported by: Ernest Hancock https://portal.dtcc.com/dtcorg/home/page18832.html The Depository Trust Company (DTC) is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the Securities and Exchange Commission. The depository brings efficiency to the securities industry by retaining custody of some 2 million securities issues, effectively "dematerializing" most of them so that they exist only as electronic files rather than as countless pieces of paper. The depository also provides the services necessary for the maintenance of the securities it has in custody. http://www.dtcc.com/DTCC's Board of Directors DTCC's Board is made up of 18 directors. Fourteen are from participants, including international broker/dealers, correspondent and clearing banks, mutual fund companies and investment banks. Two directors are designated by DTCC's preferred shareholders: NASD and the New York Stock Exchange. The remaining two are the chairman and the president and chief executive officer of DTCC itself. DTCC operates its clearing, settlement, distribution and information-based businesses through several operating subsidiaries. Each serves a specific segment and risk profile within the securities industry.

http://www.nyse.com/lcm/terms/1078416931552.html "<a href="http://www.nyse.com/lcm/terms/1078416931552.html#1078416931552">Depository Trust Company (DTC) A central securities certificate depository (also known as "CEDE" by virtue of its nominee name, CEDE & Co.) through which members effect security deliveries among each other via computerized bookkeeping entries, thereby reducing the physical movement of stock certificates. " http://en.mimi.hu/stockmarket/deposit.html "Depository trust company - a central securities certificate depository.
Members of the depository deliver securities between each other via computerized bookkeeping entries.
This reduces the physical movement of all the stock Certificates." http://www.fraudsandscams.com/glossary_d.htm Depository Trust Company (DTC): A central securities certificate repository that is a member of the Federal Reserve System and is industry-owned. The New York Stock Exchange is the majority owner. DTC members deliver securities to each other via computerized debit and credit entries. This reduces the need to actually move paper certificates. http://www.frbdiscountwindow.org/news_arti...nt&hdrID=21

New Automated Interface between the Federal Reserve System and the Depository Trust and Clearing Corporation

To: Chief Financial Officer

Subject: New Automated Interface between the Federal Reserve System and the Depository Trust and Clearing Corporation The Federal Reserve System ("FRS") and The Depository Trust Company ("DTC") are pleased to announce that a new automated interface has been established between the organizations that will significantly improve the process of pledging and withdrawing securities to and from various collateral accounts maintained by the FRS and the U.S. Treasury. Effective immediately, DTC-eligible securities pledged to the FRS or the U.S. Treasury will be processed via this automated interface. The automated interface will allow deposits and withdrawals of DTC-eligible securities to flow directly into the FRS's collateral system. As a result, the process for moving DTC-eligible securities in and out of the FRS's and U.S Treasury's collateral accounts will become much more efficient and the following benefits will be realized:

http://www.dtcc.com/legal/compliance/DTC%2...%20Oct%2010.pdf

THE DEPOSITORY TRUST COMPANY

Assessment of Compliance with the

CPSS/IOSCO Recommendations for Securities Settlement Systems

http://www.frbdiscountwindow.org/frscollat...21&dtlID=81

The Federal Reserve System Guide to Discount Window Collateral

(See the pattern?)