This is OFF-TOPIC (but I'm the moderator) - but this is so shocking and scary 
that I have decided to post it -
I'm sure most are aware of the Fed Reserve as a private corporation but I 
have never heard of this organization - I figured it might be a good idea to 
post this so those with stocks or bonds can make up their own mind ----
The big banking crash seems to be all set up to happen - better get your 
money out of the banks and put it into gold or silver coins.......
Apparently-to: rich.woods@245.genesplicer.org
Date: Sat, 22 Jun 1996 22:21:38 -0700
From: Jan Farmer 
Subject: SAFAN No. 24.  THE DTC - A NINE TRILLION DOLLAR SECRET?
THE DTC - A NINE  TRILLION DOLLAR SECRET?
by Shep Shephardson, Applesauce Publications
This article credited originally to North Bridge News, issue 14, Nov.95)
     The Depository Trust Co.  (DTC) is the best-kept secret in America.
Headquartered at 55 Water St.  NYC, this "financial institution" is perhaps
the most powerful in the world, yet the public doesn't have a clue as to
who they are or what they do.  How can a "bank" hold assets of over 9
trillion dollars and be unknown?
     In dealing with the trust department of a major New Jersey bank, one
of our staff wanted to transfer his trust assets, comprising stocks and
bonds, to a new trust he had set up in another state.  The bank said that
it would take at least six weeks to do so as none of his assets were
currently held in his own name or in the name of is trust account!  In a
panic, he brought this before our entire staff and asked if we could
investigate.  We did, and the can of worms we've opened should frighten
every American.
     After encountering numerous "no comments" and "that's not my
department" excuses, we eventually spoke to Mr.  Jeff McNeil [transcriber:
may be "McNeff" or "McNell" -JW], director of training at the DTC.  He says
he's been employed there for 19 years and was very proud of his employer.
By law, he should have disclosed to us that his employer[s] was recording
our telephone conversation [our electronic equipment picked up on this
immediately].
     He informed us that "DTC is the largest limited trust company in the
world, with assets of $9.1 trillion." Can you imagine?  An unknown banking
company could pay off the national debt, and them some!  Jeff then went on
to say "DTC is a brokerage and transfer center.  We're a private bank for
securities.  We handle the book entry trans- actions for all banks and
brokers.  Every bank and brokerage firm must secure their membership with
us in case they become insolvent, so your assets are secure with DTC." Yes,
you read that correctly,
     DTC is a private entity that processes every stock and [paper
securities] for all U.S.  banks and brokerage houses.  The big question is
"just who gave this company such a broad range of financial power and
clout?"
     The reason the public doesn't know about the DTC is that they're a
private depository bank for institutions and brokerage firms only.  They
process all of their book entry settlement transactions.  Jeff told us:  "
There's no need for the public to know about us...  It's required by the
Federal Reserve and that DTC handle all transactions." The Federal Reserve
Corp.  is a private company, not an agency of our federal government.  They
mandated that DTC process every securities transaction in the U.S.  It's no
wonder that DTC is owned by the same stockholders as the Federal Reserve
Corp.  In other words, the DTC is really a front for the Federal Reserve
Corp.  Now let's see how this affects the average working American.
     You go to the bank or broker and instruct them you want to purchase
100 shares of IBM stock, for example.  They set up an account for you and
act as your agent with power of attorney to conduct business on your
behalf, upon your buy and sell instructions.  The broker will place your
stock or bond purchase into their safekeeping [?] Under a "street name."
According to DTC, no bank or broker can place the stock into their firm's
own name due to Federal Trade Commission and Security and Exchange
Commission regulations.
     The broker or bank must then send the transaction to DTC for "ledger
posting" or " book entry settlement" under mandate by the Federal Reserve
Corp.  Remember, since your bank or broker can't use their name on the
certificate, they use a fictitious entity name or "street name." This
artificial entity is always related to the broker or bank.  Then the
"street name" stock or bond certificate is automatically transferred to, or
credited to, the DTC.  Sine DTC is a bank, they can't hold the certificate
in their name either, so DTC transfers the certificate to their own holding
company or "nominee name," We're not quite sure of the spelling, but the
DTC's holding company is either "CD and Company" or "Cede and Company.
     The bankers AND brokers are merely "custodians." By federal law, they
cannot hold any assets in your name, the customer.  The assets must be
held, eventually, in the name of DTC's holding company.  That's how DTC has
$9.1 trillion of assets in trust...or is it really in "trust" if the
Federal Reserve Corp.  is technically holding it in their "unknown"
entity's name?  Obviously, if stock and bond certificates you've purchased
aren't in your name, then the holder [the Federal Reserve Corp.] could
theoretically refuse to surrender them back to you under a "national
emergency" according to the 1917 trading with the enemy act.  Is this the
collateral being held by the private Federal Reserve Corp to pay of the
national debt owed to them by our Federal government?
     According to Mr.  Mcneil, the DTC was a former member of the NYSE.
and "our sister company is the National Securities Clearing Corporation."
Simply put, the depository trust company absolutely controls every paper
asset transaction in America and they physically hold the majority of stock
and bond certificates in their name.  If you have stock or bonds in your
name buried in your back yard or under your mattress, we suggest you keep
them there.
     Now we're about to reveal to you the most shocking discovery we've
come across during our research into this matter.  Most of us remember a
few years back the alleged "computerized" selling of stocks that resulted
in "Black Monday." The stock exchanges had dramatic record losses, and a
record volume of shares was traded on that infamous Monday in October.  We
all asked ourselves how computers could have done this by themselves
without someone knowing all about it, what to do and when to do it.
     During our telephone conversation, Mr.  Mcneil was trying to assure
our researcher that they have never lost a certificate or made a mistake in
a book ledger transaction.  In attempting to give us an example of how
trustworthy they are, he said:  DTC's first controlled test was 4 or 5
years ago.  Do you remember black Monday?  There was a very proud to inform
us that "DTC cleared every transaction without a single glitch!" Read these
quotes again.  He state that:  "Black Monday" was a controlled test!
"Black Monday" was a deliberately manipulated disaster for many Americans
at the "controlled test" by the DTC and the FDC owners.
     What was the purpose of this test?  Common sense tells us that you
test something before you intend to use it.  It's quite obvious that the
stock markets are going to crash and burn at some future date and for some
unknown reason since the controlled test, since the controlled test was so
successful.  The great depression is about to be repeated and it will be as
deliberate and manipulated as the first one that began with the stock
market crash of 1929.
     On June 7, 1995, the federal government issued new regulations
requiring stock and bond transfers to be cleared in 3 days instead of the
previous 5 day time periond.  This means that brokers and banks must get
your stock or bond transaction into the name of the DTC withing 3 working
days.  That's hard to do considering that banks claim that it takes 3 or
mare days to clear a cheque and you've submitted to pay for a stock
purchase.  But there's a reason for tis new regulation and it conincides
with the introduction of the new fiat "dollars."
     In 1996, "the DTC will flip the switch", according to Mr.  Mcneil.
What switch, we asked?  This is the day that "clearing house" funds will no
longer be accepted for stock or bond transactions.  Instead only "fed
funds" will be accepted.  Fed funds, or a "fed wire", are electronic
transfers between Federal Reserve Corp.  member banks.  No cheques or
drafts will be involved or allowed from that day on.  This is called "a
cashless transaction." We call it the reality of the "mark of the beast."
This is the manifestitation of our new god, the new world order.
     Consider this.  All pension funds and other institutional "managed
funds" are comprised of paper asset investments such as stocks and bonds.
These certificates are technically in the name of DTC's holding company.
DTC is technically owned by the private Federal Reserve Corp..  Congress is
moving right now to pass legislation allowing certain pension funds to be
used by the government as alleged loans.  Al the Federal Reserve Corp.  has
to do is hand it over!  But what happens to the people counting on those
pension fund investments to feed themselves?  Too bad...  You're our of
luck because for "the good of the nation" you must share your wealth.
Since the Federal Reserve Corp.  already holds our stocks and bonds in
their fictitious name, then perhaps they'll cash them in for the federal
government's failure to repay the loans that have become way overdue.
     In 1933, all gold was taken from the hands of private citizens.  Under
the war powers act, a national emergency was declared due to the
deliberately- calculated stock market crash that preceded the great
depression.  Where did this gold endu up?  Into the hands of the Federal
Reserve Corp..  The majority is stored in the impervious rock beneath NYC.
Is it any surprise that DTC holds our stock and bond certificates in the
same place?
     Technically, our entire nation is still under the war powers act and
in a continual state of national emergency.  The president can enforce any
new emergency at any time under executive order or presidential directive.
[SOMETIME IN 1996, expect a new national emergency to be declared.] They'll
blame it on infamous drug dealers who are allegedly destroying our
currency.  Old dollars will be called in and exchanged for new ones.  If
you don't do it within a given time period, you may be sent to prison if
you're caught.  This is what happened to those Americans holding gold after
1933.
     This national emergency will most likely call for the confiscation of
all gold bullion again.  Who will end up with it?  The Federal Reserve
Corp., just like before.  Then, perhaps, they'll peg a new dollar to gold
prices, as many experts have already reported.  What will stocks and bonds
purchased with old dollars be worth then?  Pennies on the dollar, so to
speak.  Who ends up being the only winner?  The Federal Reserve Corp.
stockholders.  People will be at the mercy of the government for daily food
and for jobs.
Without a fed fund ATM type card you won't be able to transact business,
get your food ration, or pay for the electric bill.  Checks will be phased
out totally during 1996.  The switch is being turned on in February.  This
is not speculation!  This is the truth of reality.  It's already been
tested and their new system works.
THE DAY HAS COME WHEN YOU MUST DECIDE TO ACCEPT OR REJECT THE BEAST.  CALL
CONGRESS TOLL FREE 1-800-962-3524 (90% of the statements made in this
article have been confirmed.)
Shep Shephardson, Applesauce Publications
eMail us at APLsauce@AOL.Com Phone or fax 813 942-1725.
Mailing address is P.O. Box 3251, Holiday, FL, 34690
==========================================
  SAFAN Editors:  Jan Dodge, Jeannie Cox, Jammie Featherstone,
    and Dot Bibee (DotHB@aol.com) Ph/FAX (904) 453-3656
==========================================
         PRAY FOR AMERICA FOR INDEED SHE IS IN TROUBLE!
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