Ask most people who ‘owns’ the US and watch them squirm as they scramble for an answer. But little do they know that a cunning financial institution by the name of Cede and Company holds all the real power in this country. With a mind-blowing $54 trillion in assets, they have managed to gain control of a staggering 83% of all issued stocks in the US.
Don’t be fooled, my friend. Private investors may think they own stocks, but in reality, they merely hold contractual rights entangled in a complex web that ultimately leads back to Cede and Company.
Let me break it down for you. Behind the scenes, a network of interconnected services like The Depository Trust & Clearing Corporation (DTCC), the National Securities Clearing Corporation, and the Fixed Income Clearing Corporation govern every stock trade in the US. And guess who’s pulling the strings? Cede, the mastermind that materialized in 1996 and has kept its iron grip ever since.
Steve Holder 