[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 492 KB, 2048x1483, s.png [View same] [iqdb] [saucenao] [google]
52489162 No.52489162 [Reply] [Original]

>when you realize one company owns all the stock in America

https://en.wikipedia.org/wiki/Cede_and_Company


>connected to The Depository Trust & Clearing Corp
>private company that stores over 36 trillion dollars of stocks and bonds
>DTCC vault was flooded during Hurricane Sandy likely destroying billions to trillions of stock certificates

Here's video of $13 trillion in stock certificates being destroyed. Only 2.5k views.

https://www.youtube.com/watch?v=ZN03yAVyj-0

I took this from an old thread btw >>/biz/thread/S16428641

>> No.52491265

bump for viability

>> No.52491321

Delete this thread immediately.

>> No.52491357

This is just like how buying stock in a mainland chinese company is actually buying stock in an unrelated company in bahamas that has a profit sharing agreement with the mainland company.

Finance is nothing but smoke and mirrors

>> No.52491359
File: 31 KB, 408x632, j.jpg [View same] [iqdb] [saucenao] [google]
52491359

>>52491321

>> No.52491364

>>52489162
And? Not my problem.

>> No.52491392

>>52491357
Let me be more specific, a certificate, by definition is a document of ownership.

If you hold the cert, you are the owner

>> No.52491413

>>52491364
>And?
the TLDR is the whole boomer market is a scam

>> No.52491434

>>52491392
what if you just store it for someone else?
>inb4 not your keys, not your shit

>> No.52491442

>>52489162

The best part is how they named it 'Cede', because you WILL cede your assets to them.

The sheer audacity is incredible.

>> No.52491470

>>52491434
the depository trust company is just that, a trustee. They hold on to assets. you are the beneficiary (assuming you have stock)

>> No.52491504

>>52491470
ok

>> No.52491551

>>52491442
The reality is they hold stock from other countries also (not just the US). I think (this is old info), they have something like 34 trillion in stock certs (more than the US stock market)

>> No.52491599

>>52489162
>Sneed and Company
We didn't start the clownin'
It was always honking since the world was taunting

>> No.52491635

>>52491599
dubs of truth
I wanted to start this as /biz/ is the best during bear markets. I can't (won't) come here anymore during bull.