Truthspace’s Research

In a world of universal deceit telling the truth is a revolutionary act

The Unknown $19 Trillion Depository Trust Company

If you own stocks you need to read this

The Unknown $19 Trillion Depository Trust Company
Rumor Mill News ..

Part I of II-

This exclusive report is a compilation of interviews and background research from October 1995 through April 1999. The Depository Trust Company (DTC) is the best kept secret in America. Headquartered at 55 Water Street in New York City, the average American has no clue that this financial institution is the most powerful banking corporation in the world.

The general public has no knowledge of what the DTC is or what they do. How can a private banking trust company hold assets of over $19 trillion and be unknown? In a recent press release dated April 19, 1999, the Depository Trust Company stated: The Depository Trust Company (DTC) is the world’s largest securities depository, holding nearly $19 trillion in assets for its Participants and their customers…. Last year, DTC processed over 164 million book-entry deliveries valued at more than $77 trillion.

In dealing with the trust department of Midlantic Bank, N.A. in New Jersey [now PNC Bank, N.A.], this writer was authorized, as trustee and power of attorney, to transfer original trust assets comprising of common stocks and bonds to a new trust set up in another jurisdiction. An Assistant Vice President from the Trust & Financial Management Office of Midlantic Bank said to me “it will take at least 6 weeks to do this as the majority of the stocks and bonds are not held in the name of the trust”. This same Midlantic Bank Assistant V.P. also stated in a letter dated November 17, 1995, “Of the 11 municipal bonds, 8 are held in book entry only.

This means they cannot be physically re-registered with a certificate sent to the new trustees.” (* these are not the actual figures quoted in the letter in order to protect the privacy of the account holder, at their request. Also, we were asked not to name the Midlantic Assistant V.P. in order to protect her privacy Rights. We respect these requests with full moral compliance). In disbelief, I brought this matter to the attention of our research assistants at the Christian Common Law Institute [formerly the North Bridge News] and we began our lengthy investigation into the matter. After 3 years, the can of worms we’ve opened up should frighten every American. With the advent of reported Y2K computer glitches and the possible collapse of our ‘paper asset’ economy, every person who has a stock or bond in their portfolio had better read this report and act on the information we are disclosing here. In November 1995, after encountering numerous “no comments” and a myriad of “that’s not my department” excuses via telephone, I eventually spoke with Mr. Jim McNeff who told me his position was Director of Training for the DTC.

He said he’d been employed there for 19 years and was “very proud” of his employer. During my initial telephone interview, either Jim’s employer or some other unknown person or persons were illegally listening or taping our telephone conversation according to the electronic eavesdropping equipment we have installed on our end. Why did anyone feel it was necessary to illegally record our conversation without advising us?

Was some federal alphabet agency monitoring DTC calls to safeguard National Security? That in itself is suspicious enough to warrant a big red warning flag. Jim informed me back then (1995) that “the DTC is the largest limited trust company in the world with assets of $ 9.1 trillion”. In July 1998, I spoke with Ms. Rose Barnabic of the DTC Finance Department who said that “DTC assets are currently estimated at around $11 trillion”. As of April 19, 1999, the DTC itself has stated that their assets total “nearly $19 trillion” (see above). Mr. McNeff had also stated “the DTC is a brokerage clearing firm and transfer center.

We’re a private bank for securities. We handle the book entry transactions 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. The DTC is a private bank that processes every stock and bond (paper securities) for all U.S. banks and brokerage houses. The big question is this; Just who gave this private bank and trust company such a broad range of financial power and clout?

The reason the public doesn’t know about DTC is that they’re a privately owned depository bank for institutional and brokerage firms only. They process all of their book entry settlement transactions. Jim McNeff said “There’s no need for the public to know about us… it’s required by the Federal Reserve that DTC handle all transactions”.

The Federal Reserve Corporation, a/k/a The Federal Reserve System, is also a private company and is not an agency or department of our federal government, according to the 1998 Federal Registry. The Federal Reserve Board of Governors is listed, but they are not the owners. The Federal Reserve Board, headed by Mr. Alan Greenspan, is nothing more than a liaison advisory panel between the owners and the Federal Government. The FED, as they are more commonly called, mandates that the DTC process every securities transaction in the US. It’s no wonder that the DTC (including the Participants Trust Company, now the Mortgage-Backed Securities Division of the DTC) is owned by the same stockholders as the Federal Reserve System. In other words, the Depository Trust Company is really just a ‘front’ or a division of the Federal Reserve System.

“DTC is 35.1% owned by the New York Stock Exchange on behalf of the Exchange’s members. It is operated by a separate management and has an independent board of directors. It is a limited purpose trust company and is a unit of the Federal Reserve.” -New York Stock Exchange, Inc. Now, let’s see how this effects the average working American family. If you’re not aware how the system works, you should visit or call a stock broker or bank and instruct them you want to purchase some shares of common stock or a small municipal bond, for example.

They will set up a brokerage account for you and act as your agent with full durable power of attorney (which you must legally sign over to them) to conduct business on your behalf, upon your buy or sell instructions. The broker will place your stock or bond purchase into their safekeeping under a “street name”. According to Mr. McNeff of the DTC, no bank or broker can place any stock or bond into their firm’s own name due to Federal Trade Commission (FTC) and Security and Exchange Commission (SEC) regulations. The broker or bank must then send the transaction to the DTC for ledger posting or book entry settlement under mandate by the Federal Reserve System. Remember, since your bank or broker can’t use their name on the certificate, they use a fictitious street name. “Since the DTC is a banking trust company, we can’t hold the certificates in our name, so the DTC transfers the certificates to our own private holding company or nominee name.” states Mr. McNeff. The DTC’s private holding company or street name, as shown on certificates we have personally examined from numerous certificate holders, is shown as either “CEDE and Company”, “Cede Company” or “Cede & Co”. We have searched every source known to learn who CEDE really is, but have been unable to get any background information on them. Is Cede Company fictitious or is their identity perhaps a larger secret than DTC?

We must presume that the information Mr. McNeff gave us was correct when he confirmed that Cede Company was a controlled private holding company of the DTC. We have now found the following proof that CEDE is real from the Bear Stearns internet site: NEW YORK, New York – March 16, 1999 – Bear Stearns Finance LLC today announced that it will redeem all of the 6,000,000 outstanding 8.00% Exchangeable Preferred Income Cumulative Shares, Series A (“EPICS”) of Bear Stearns Finance LLC, liquidation preference of $25.00 per Series A Share, CUSIP number G09198105. All of the Series A Shares are held by Cede & Co., as nominee of The Depository Trust Company, and the payment of the redemption price will be made to Cede & Co. by ChaseMellon Shareholder Services, LLC, as paying agent, whose address is: 85 Challenger Road, Ridgefield Park, New Jersey 07660. The banks and brokers are merely custodians for their clients. By federal law (SEC), they cannot hold any assets in the customer’s name.

The assets must be held in the name of DTC’s holding company, CEDE & Co. That’s how DTC has more than $19 trillion dollars of assets in trust… or is it really in “trust” if the private Federal Reserve System 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 System) could theoretically refuse to surrender them back to you under a “national emergency” according to the Trading with the Enemy Act (as amended). Is this the collateral being held by the private Federal Reserve System to pay off the national debt owed to them by our federal government, first initiated by Lincoln’s debt bonds of 1864? According to Mr. McNeff, the DTC was a former member of the New York Stock Exchange (NYSE), and “Our sister company is the National Securities Clearing Corporation… the NSCC” (they have since merged). He was correct since we now know that the NYSE holds 35.1% of the “ownership” of the DTC on behalf of their NYSE members.

Simply put, the Depository Trust Company absolutely controls every paper asset transaction in the United States as well as the majority of overseas transactions, and they now physically hold (as of April 1999) 99% of all stock and bond book-entrys in their street name, not the actual owner’s names. If you have stock or bond certificates in your name buried in your back yard or under your mattress, we suggest you keep them there. If not, it might be very wise to cancel your brokerage account and power of attorney status, re-register the stocks and bonds in your name (if you still can), and keep them hidden where only you know their location. Otherwise, you have absolutely no control over them (see Part II of our exclusive research report on the DTC for more information on beneficial ownership status).

However, getting a stock or bond certificate these days is not so easy if possible at all: “For the most part, issuers know little about the role of the Depository Trust Company (DTC). The DTC was created in 1973 as a user-owned cooperative for post-trade settlement. Our members are banks and broker/dealers, whom we refer to as participants. We handle listed and unlisted equities, including 51,000 equity issues and 170,000 corporate debt issues, equating to more than 78% of shares outstanding on the New York Stock Exchange (NYSE). We also have more than 95% of all municipals on deposit. In the 1980s, the “Group of 30″ [business leaders] recommended that stock certificates be eliminated, because physical certificates create risk. The Securities Exchange Commission (SEC) issued a concept release in 1994 to gradually decrease certificates, providing optional direct registration on the books of the issuer instead of a certificate…. this enhances the portability of shares between transfer agents and brokerage accounts. With the direct registration system, brokers transmit instructions to purchase through DTC, which the issuer or transfer agent then registers, so shares can be delivered electronically.” -John D. Faith, Manager, Corporate Trust Services,

The Depository Trust Company (1996) Now we’re about to reveal to you the most shocking discovery we came across during our research into this matter. Most of us remember a few years back the purported computerized selling of stocks that resulted in Wall Street’s “Black Monday”: Dow Dives 508.32 Points in Panic on Wall Street “The largest stock-market drop in Wall Street history occurred on “Black Monday” — October 19, 1987 — when the Dow Jones Industrial Average plunged 508.32 points, losing 22.6% of its total value. That fall far surpassed the one-day loss of 12.9% that began the great stock market crash of 1929 and foreshadowed the Great Depression. The Dow’s 1987 fall also triggered panic selling and similar drops in stock markets worldwide” -Source: Facts on File World News CD ROM The stock exchanges had dramatic record losses, and a record volume of shares were traded on that infamous Monday in October 1987. We all asked ourselves how computers could have done this by themselves without someone knowing about it. After all, someone has to program a computer to tell it what to do, what not to do, or even when to do or not do it.

During my telephone conversation, Mr. McNeff was trying to assure me that they [the DTC] have “never lost a certificate or made a mistake in a book ledger transaction”. In attempting to give me an example of how trustworthy the DTC is when I asked him how he could back up such a statement, he replied “DTC’s first controlled test was 4 or 5 years ago. Do you remember Black Monday? There were 535 million transactions on Monday, and 400 million transactions on Tuesday”. He was very proud to inform me that “DTC cleared every transaction without a single glitch!”. Read these quotes again: He stated that Black Monday was a controlled test. Black Monday was a deliberately manipulated disaster for many Americans at the whim of a controlled test by the DTC. What was the purpose of this test?

Common sense tells you 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 was so successful. Was this just one of the planned tests for a Y2K internationally planned worldwide economic meltdown?

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. We are, without a doubt, on the brink of the Mother of all economic Depressions. As of May 3, 1999, the Dow Jones Industrial Average (DJIA) went above a record 11,000 points. Just prior to the 1929 stock market crash, Wall Street was posting record prices, record earnings, and record profits…. just like the scenario we are experiencing today. Will Y2K be a manipulated and deliberate a financial meltdown?

Too many facts already support this probability. On June 7, 1995, the federal government issued a new regulation requiring stock and bond certificate transfers to be cleared in three days instead of the previous five day time period. It coincided with the infamous Regulation CC that purportedly gave us faster three day availability of funds from deposited checks. This means that brokers and banks must get your stock or bond transaction into the street name (Cede & Co.) of the DTC within 3 working days.

That’s hard to do considering banks claim it takes 3 or more days to clear a check that you’ve submitted to pay for a stock purchase. But, there’s a reason for this new regulation and it coincides with the introduction of the new FRS “dollars”. On February 22, 1996, “the DTC will flip the switch” according to Mr. McNeff. “What switch?”, I asked. “This is the day that clearing house funds will no longer be accepted for stock or bond transactions” was my reply from Jim. “Instead, only Fed Funds will be accepted”. Fed Funds, or a Fedwire, are electronic computer ledger debit transfers between Federal Reserve System member banks. No checks or drafts have been allowed from that day, just as Mr. McNeff accurately stated.

This is more commonly called a ‘cashless transaction’. I call it the reality of the mark of the beast. This is the manifestation of the new international god, the New World Order [I prefer the term ‘New World DISorder’ as a more accurate description]. [RMNews: In case you are new to all of this and you don’t understand that the Federal Reserve Banking System is a privately owned bank, there is an article on the page that will help you begin to understand.

It is found by clicking the Gunther Russbacher button and then clicking on the headline that reads: An Expose of the Federal Reserve. This article was written in late 1991 or early 1992. At the time is was published in many diferent newspapers and newsletters. It was the first introduction the American people had to the “new money” that is referenced in this article.

Consider this my fellow Christian Americans: All pension funds and other institutional ‘managed funds’ are comprised of paper asset investments such as stocks, bonds, and mutual funds. These certificates are technically in the name of DTC’s private holding company, CEDE and Company. The DTC is owned by the private Federal Reserve System owners (Click for a complete list of names). Congress has attempted, on no less than two occasions since 1995, to pass legislation allowing pension funds to be used by the government as purported ‘loans’. All the Federal Reserve System has to do is hand it over. But, what happens to the people counting on those pension fund investments in order to feed themselves in their retirement? Too bad for them…. they’re out of luck because for the ‘good of the nation’, they may be forced to share or relinquish their lifetime of hard-earned wealth.

This can be done without the consent of Congress under an Executive Order based on the War and Emergency Powers Act and a state of National Emergency, just like we are already under (See further Executive Orders). Since the Federal Reserve System already holds our stocks and bonds in their fictitious DTC “street name”, CEDE, then perhaps they’ll cash them in for the federal government’s failure to repay the loans that have become way overdue. Heck, some of Lincoln’s gold backed bonds from 1864 have not been repaid yet…. and for a reason. On March 6, 1933, all bullion gold and gold coins were forcibly taken from the hands of private citizens (see New York Times). Under the War Powers Act, President Roosevelt declared a national emergency touted as a “Banking Holiday”.

It was declared due to the deliberately calculated stock market crash that preceded the Great Depression. Where did this gold end up? Into the hands of the Federal Reserve System owners. The majority is stored in the impervious rock vaults they own beneath New York City. Is it any surprise that the DTC physically holds all the remaining non-book entry issued stock and bond certificates in the same place? Technically, our entire nation is still under the Executive Order declaration of the War Powers Act and in a continual state of national emergency (See Clinton’s 1994 Executive Order 12919). The President can enforce any new emergency at any time under Executive Order or Presidential Directive. In 1995, we [the former North Bridge News] published that we expected a new national “dollar” emergency to be declared within a year or two. Just like we thought at the time, they have now blamed it on the purported drug dealers who are allegedly destroying our currency by money laundering schemes. Since late 1996, old U.S. $100 FRB notes issued by the Federal Reserve Bank are being exchanged for new $100 FRS issued by the Federal Reserve System.

These new notes have scanable magnetic platinum encryption on the plastic strips embedded inside the bills. The U.S. Treasury claims this is for “the blind”. Now, new $20 and $50 FRS’s are replacing the older notes as well. What people don’t realize is that very soon, the older FRB notes will no longer be ‘legal’ and there will be a penalty for hoarding them. This is what happened to those Americans holding gold and gold coins after 1933. “We are most gratified with the successful introduction of the new $100 and $50 notes and look forward to the same success with the new $20s,” Chairman Greenspan said. For the first time, a machine-readable capability has been incorporated for the blind. A new feature in the $20 will facilitate the development of convenient scanning devices that could identify the note as a $20. -U.S. Treasury, Office of Public Affairs, RR-2449 released May 20, 1998. Why new paper ‘money’ and for what purpose? Because the new FRS notes in your pocket can be scanned and whoever scans them can know exactly how much money you have on you. The older FRB notes are not encoded to do this. This writer knows firsthand of at least one machine, manufactured by Diebold, Inc. (a/k/a InterBold) that scans the money in your pockets, wallet or purse no different in theory than a credit card scanner, but much more sophisticated. I participated in a ‘test’ of this machine at a U.S. international airport in 1998. To me, it looks much like the standard metal detector scanners you walk through at all airports. I was asked (by who I believe was a U.S. Treasury Agent, as he introduced himself and flashed his ID quickly in my face so I couldn’t read it) if I had any of the new $100 or $50 bills in my pockets.

I looked in my wallet and saw I had one new $100 FRS note. I told him “yes”, then he said “Good, but don’t tell me how much”. After saying he would “really appreciate it” if I would help them with a test, he asked me to walk through what looked like a typical airport scanner. No beeps. No noise. No sound at all. He looked at a computer screen and said “Do you have a new $100 bill?”. When I confirmed that was true, he thanked me and told me to please move on. I tried to ask him how the machine knew that, but he ignored my question. I took a good look at the scanning system and believe I have now spotted them at Kennedy, Atlanta, Miami and Los Angeles airports. The odd part about this is that these machines seem to all be located in the customs areas where you enter the U.S. from a foreign country. Obviously, they want to know if someone is carrying more than $10,000 into the U.S. Common sense dictates that they should be more concerned about people leaving with more than $10,000 if they’re really trying to thwart the drug dealers…. until you begin to realize that there must be some other hidden agenda:

They are apparently going to stop money from entering the U.S. for a reason. Will the President call for the confiscation of all gold bullion and bullion coins as Roosevelt did? Who will end up with it? The Federal Reserve System owners, just like before. Since June 1998, international gold supplies have been so low that some private Swiss Banks have been paying a premium above the market wholesale value for gold bullion. This was confirmed to us by a gold and diamond mining Chief Executive from Rex Mining in Guinea, West Africa, who supplies raw gold to a major Swiss Banking company smelter and processor The spot gold market has been manipulated to keep the price low so that the Federal Reserve System owners can purchase all that is available through their various trusts and corporations. World gold availability on the open market is now at a record low and mining production of gold is also at a record low output. What happened to ‘supply and demand’ with gold and silver?

Normally, when supply is high the price decreases. When supply is low, precious metal prices increase. Perhaps the private FED will peg the new dollar to gold prices, as many experts have already speculated. What will stocks and bonds purchased with old dollars be worth then? Pennies to the dollar, so to speak. Who ends up being the only winner? The Federal Reserve System stockholders. They control the circulation amounts of paper money in the U.S. Combine that with the new scanner to stop large amounts from entering into the U.S., and the scenario amounts to a planned shortage of paper FRS notes, the banning of the older FRB notes, and the soon to be astronomical price of gold which most Americans will be forbidden to have or hoard, once again.

The facts we’ve presented in this report all point to this. People will be at the mercy of the federal government for daily food and for jobs. Checks are soon to be totally phased out. Banks issue ATM debit cards and tell you they must charge more for your account if you use a real live human teller instead of the machine. The switch is being turned on. This is not speculation. This is the truth of reality. It’s already been tested, and their new system works. Just ask Jim McNeff of the DTC. The day has come when you must decide to accept or reject the beast and the New World Disorder.

Click below for part II


January 29, 2008 - Posted by | Banking, Stock Market | , , , , , , , , , ,


  1. I would like to know how to callapse my social security account at the DTC

    Comment by Alfonzo Stevens | May 5, 2009 | Reply

  2. See here for more details:

    Comment by Bonas | July 11, 2009 | Reply

  3. First, the source of funding of any loan originates from a security called your birth certificate, or bond:

    At birth, all hospital operator chiefs are required and paid to forward, on demand, a certified copy of each live birth to the Treasury where they are converted (by incorporating one’s all capitalized name fiction) into registered securities with a $1,000,000 (one million) dollar real face value. They are sold to Reserve as collateral for future loans, based on our future labor, by ownership over the birth security.

    Second, the above reality expressly crosses the United’s Title 15 U.S.C. §17, verbatim:
    “The [future] labor of a human being is not a [U.C.C. CAP-NAME] Commodity or article of [usury] commerce.”

    It is the Trust Depository Account, the face value of one’s all capitalized name registered security or bond is marked at Title 26 USC 163(h)(3)(B)(ii), $1,000,000 limitation:
    “The aggregate amount treated as the buying of a debt shall not exceed $1,000,000 ($500,000 in the case of a married individual filing a separate return).”

    The debt or “amount treated of the buying of the registered birth certificate security is represented is the debt to the Reserve banks for the interest “debt” that, e.g., Ben Bernanke’s stock holding clients charge us for printing our own money for pennies per piece of paper and zero for entering numbers in a computer then, in turn, charging Us face value of those dollars plus interest on it. Indeed, it is that most, not all of Us, at birth were and are pledged (and our children) collateral for an artificial face value debt interest.

    Third, when acts to secure a loan, the funds are funded off one’s birth security account, based on the promissory note one signs and nothing else:

    The … system is based on “promises to pay [back your own account]” and the “confidence” in those promises [by people live stock gamblers like James Dimon, John Vella, Angelo Mozilo & Ken Lewis].

    Comment by Bonas | July 11, 2009 | Reply

  4. Fourth, by “buying” one’s birth security account, the Reserve holders set up a trust, appointing themselves the beneficiary of one’s future income as the owner of one’s security converted from one’s birth certificate. That is why if one reads and understands the real small print on a “loan document” the Trust, which one doesn’t know they are entering or signing off on. That trust generally operates this way, in review:
    Basic Trust principles
    Property of any sort [like Birth Certificate Registered Securities] can be [and are] held on trust. The uses of trusts are many and varied. Trusts can be created during a person’s life (usually by a trust instrument).

    In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts some or all of his or her property to people of his or her choice (the trustees).

    Choice Is The Key
    Lynchpin Word Here

    The trustees hold legal title to the trust property (or trust corpus), but they are obliged to hold the property for the benefit of one or more individuals or organizations (the beneficiary, a.k.a. cestui que use or cestui que trust), usually specified by the settlor, who hold equitable title. The trustees owe a fiduciary duty to the beneficiaries, who are the “beneficial” owners of the trust property.
    The trust is governed by the terms of the trust document, which is usually written and occasionally set out in [the] deed form. The trustee is obliged to administer the trust in accordance with both the terms of the trust document and the governing law.

    In the United States, the settlor is also called the trustor, grantor, donor, or creator.

    Fifth, the process applies to some, but not the “privileged”, who secure for themselves “emoluments” or “perks” not provided to and kept secret from others, which secret is monitored and maintained by the State Bar, Inc. CEO or President. One such secret “members only” loop relating to U.C.C. person classified as a good promissory note debt instruments is CAP or “limitation”, which is dialed in supremely at Title 26 USC – section 163(h)(3)(B) (ii) “Limit”, verbatim
    Limitation [on] The … amount treated as home … indebtedness [14th Amen] … shall not exceed $100,000 ($50,000 in the case of a separate return by a married individual).

    See, about those words “shall not exceed” – it means, for those versed in the English language – that if, e.g., a single human being puts $50K down on a home that it is paid for, with a little “cushy” transaction cost of a few grand max – perhaps. It is supremely marked, verbatim:
    [I]nstruction comes in terms of the mandatory “shall,” which normally creates an obligation impervious to judicial discretion.”
    The Trust Contract Con Artist
    A) Unconscionable = Cap Name Contract
    B) Over-reaching = Cap Name Contract
    C) Not Arms Length Negotiated = Cap Name Contract
    D) No Material Opt Out Term Disclosed = Cap Name Contract
    E) Not Uniformly 14th Amen Applied – Cap Name Contract
    F) No Meeting Of The Minds = Cap Name Contract Con
    G) No Assent To The Cap Name Contract Con

    Comment by Bonas | July 11, 2009 | Reply

  5. About bills sent by companies claiming lawful power to bill Us by reference to the all capitalized spelling of one’s name, which is a person company d/b/a that was incorporated shortly after a live birth, this 1966 lien law is misplaced on multiple definition counts:

    “The entire taxing and monetary systems are hereby placed under the U.C.C. (Uniform Commercial Code).” — The Federal Tax Lien Act of 1966

    The Uniform Commercial Code “by its very terms, is limited to the sale of goods * * * (and) is therefore not applicable to [e.g.] real estate contracts”]).
    As [all pros] … candidly concede-, the code, by its very terms, is limited to the sale of goods [which people cannot legally be classified as].

    Accordingly, unless one is classified as a “good” owned, in part or whole, by another for sale, then the U.C.C. does not apply. The following definitions of goods control:

    A) Defining “goods” to “include every species of personal property * * * * which are movable at the time of identification to the contract for sale . . .”.
    B) Defining “goods” to include “all chattels personal”.

    Now, a simple question which arises in the litigation of billing power contracts is whether the transaction is governed by the Uniform Commercial Code (“UCC”). Article 2 of the UCC applies to “transactions in goods.” UCC § 2-102. A “good” is defined as “all things . . . which are movable at the time of identification to the contract for sale . . . .” UCC § 2-105. Obviously, a baby thing is “moveable at the time of its identification”, just like any other species that requires oxygen to survive.

    People are of course charges of electricity. The classification of electricity as either service thing or good subject to commercial not common law has been litigated:

    Simply put, electricity in this instance is a thing movable at the time of identification to the contract for sale. That is clearly demonstrated by the fact that the Agreement calls for the shipment of specific quantities of electricity. The electricity is moved through the power lines and the amounts are metered and therefore identifiable. The court will apply the U.C.C.

    “Electricity is a commodity which, like other goods, can be manufactured [or bred], transported and sold.”

    Courts Split On The Point

    Other courts, however, have reached the opposite conclusion. For example, in New York, Kentucky, Maryland, Massachusetts and Michigan, courts have found that electricity is not a good, but instead is a service. Some of these courts have adopted almost a metaphysical approach to analyzing the issue which ignores the fact that electricity is a moveable, physical product:

    [T]he provision of electricity is a service, not the sale of a product. . . . Electricity is the flow of electrically charged particles along a conductor. The utility does not ‘manufacture’ electrically charged particles, ‘but rather, sets in motion the necessary elements that allow the flow of electricity.’ [Citation omitted.] The consumer pays for electricity by kilowatt hour, that is, the length of time electricity flows through the system. There is no individual product. Instead, the consumer pays for use of the electricity.

    Now, you‘ve seen static electricity at work: “static cling”, bad hair days, a shock from a door knob – but now you can put all of that “body electricity” to good use and light a small neon light bulb. Body static electricity can be in excess of 10,000 volts – but amperage is so low, it’s harmless! Hold on to one of the light bulb wires and walk across your carpet, dragging your feet as you go. This builds up a charge of static electricity that discharges through the light bulb in your hand. You power the bulb!

    If The UCC Applies Materially Impacts Our Social Contract

    Presented a different way, the simple inquiry is:

    I: Is a person a U.C.C. good owned or leased, in part or whole, by anyone for future or current billing purposes?

    R: “The labor [money] of a human being is not a [U.C.C.] commodity or article of [billing] commerce.” 15 USC, §17

    A: Here, an attempt has been made by acts in fact to mal-classify one as a good.

    C: The Company Franchise who sent the bill by U.C.C. classification is liable.

    The simple secret classification triggers void contract fraud at deep Court levels.

    “If you’re bearish and right, people hate you. If you’re bearish and wrong, people laugh at you. You can’t win.” – Metz

    Comment by Bonas | July 11, 2009 | Reply

  6. Code of Ethics and Standards of Practice

    Effective January 1, 2008

    Higher Standards
    The Covenant – Implied
    Price Right Duties to Clients
    Correct Pricing Duties to the Public

    Where the word REALTORS® is used in this Code and Preamble, it shall be deemed to include REALTOR-ASSOCIATE®s.

    While the Code of Ethics establishes obligations that may be higher than those mandated by law, in any instance where the Code of Ethics and the law conflict, the obligations of the law must take precedence.

    Home Price Protocol 101

    A. “[T]he [James Dimon] mature measure individual [roof] item costs and price accordingly.”

    A. “The green use average-cost-line pricing…”

    A. “You … determine the price of [all] … based on the [direct costs of serving] … the [thing]….”

    The Real Property Golden Rule
    Governing That Held In One Trust

    Skull and Bones is an elite secret society based at Yale University, in New Haven, Connecticut. The society’s alumni organization, which owns the society’s real property and oversees the organization’s activity, is known as the Russell Trust Association….
    The Russell Trust Association is the business name for the New Haven, Connecticut based Skull and Bones society, incorporated in 1856.

    In 1943, by special act of the Connecticut state legislature, its trustees were granted an exemption from filing corporate reports with the Secretary of State, which is normally a requirement.

    From 1978 onward, business of the Russell Trust Association was handled by its single trustee, Brown Brothers Harriman & Co. partner John B. Madden, Jr. Madden started with Brown Brothers Harriman in 1946, under senior partner Prescott Bush, George H.W. Bush’s father.

    On its 2004 Form 990, the Russell Trust Association [under] reported [only] $3,205,143 in net assets.

    The business and political network of the Skull and Bones is well detailed by Hoover Institution scholar Antony C. Sutton in the exposé, America’s Secret Establishment. Social organizations connected to the Russell Trust covert activities network include Deer Island Club, which also operate as a corporation.

    MLS Cartel Match Up
    Is A J. Dimon XXX Cyst

    Indeed, we all know (or should) the golden rule contained in the Supreme [*13] Court’s decision in Pueblo Bowl-O-Mat: Antitrust is supposed to protect competition not competitors. However, because many people fail to realize that this golden rule applies equally to economic regulation, regulatory proceedings should also not be used to advance the interests of competitors through voluntary commitments or involuntary conditions at the expense of [fiduciary client] consumer welfare.

    The Un-Kosher
    Price Protocol Codes

    Again, as … argued in the past, economic-style or public interest-type regulation has really become the intellectual equivalent of kosher-style, i.e., it tastes really good, but it still violates all of the dietary laws.

    Match Price Up Rigs

    “Knowledge of a competitor [Securities Esq Price Per Hr.] usually meant matching that price [per hour]. Container, 393 U.S. 333 (1969).

    To Felony Flip IT – CAR
    v. Kelly Blue Book Pricing

    The old “everybody does it defense” didn’t impress U.S. District Judge John Walter, who said, “This whole conspiracy corrupted the law … in the most evil way.”


    Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. REALTORS® should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.

    Such interests impose obligations beyond those of ordinary commerce. They impose grave social responsibility and a patriotic duty to which REALTORS® should dedicate themselves, and for which they should be diligent in preparing themselves. REALTORS®, therefore, are zealous to maintain and improve the standards of their calling and share with their fellow REALTORS® a common responsibility for its integrity and honor.

    In recognition and appreciation of their obligations to clients, customers, the public, and each other, REALTORS® continuously strive to become and remain informed on issues affecting real estate and, as knowledgeable professionals, they willingly share the fruit of their experience and study with others. They identify and take steps, through enforcement of this Code of Ethics and by assisting appropriate regulatory bodies, to eliminate practices which may damage the public or which might discredit or bring dishonor to the real estate profession. REALTORS® having direct personal knowledge of conduct that may violate the Code of Ethics involving misappropriation of client or customer funds or property, willful discrimination, or fraud resulting in substantial economic harm, bring such matters to the attention of the appropriate Board or Association of REALTORS®. (Amended 1/00)
    Realizing that cooperation with other real estate professionals promotes the best interests of those who utilize their services, REALTORS® urge exclusive representation of clients; do not attempt to gain any unfair advantage over their competitors; and they refrain from making unsolicited comments about other practitioners. In instances where their opinion is sought, or where REALTORS® believe that comment is necessary, their opinion is offered in an objective, professional manner, uninfluenced by any personal motivation or potential advantage or gain.

    The term REALTOR® has come to connote competency, fairness, and high integrity resulting from adherence to a lofty ideal of moral conduct in business relations. No inducement of profit and no instruction from clients ever can justify departure from this ideal.

    In the interpretation of this obligation, REALTORS® can take no safer guide than that which has been handed down through the centuries, embodied in the Golden Rule, “Whatsoever ye would that others should do to you, do ye even so to them.”

    Accepting this standard as their own, REALTORS® pledge to observe its spirit in all of their activities whether conducted personally, through associates or others, or via technological means, and to conduct their business in accordance with the tenets set forth below. (Amended 1/07)
    Duties to Clients and Customers

    Article 1

    When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, but it does not relieve REALTORS® of their obligation to treat all parties honestly. When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, REALTORS® remain obligated to treat all parties honestly. (Amended 1/01)
    Standard of Practice 1-1

    Adam Smith wrote, about the Mozilo – J. Dimon rich of his today, that they, verbatim:

    [O]nly select from the heap what is most precious and agreeable. They consume little more than the poor, and in spite of their natural selfishness and rapacity, though they mean only… the gratification of their own vain and insatiable desires, they [inevitably] divide with [themselves] … the produce of all [others’ time called] … improvements. They are [thus] led by an invisible hand to make nearly the same distribution of the necessaries of life [as] …had the earth been divided into equal portions (Smith, 1776)…

    Comment by Bonas | July 11, 2009 | Reply

  7. James Dimon – A Sloppy/Cunning
    Reserve Operative Economic Terrorist

    “Certain things [like people’s birth security] are not for rent nor for sale [like our birth securities being bought and sold in secret]. There is no ownership of oil & gases in the land before bodies bring it to the surface by drilling…; nor of stream-ocean-bodies.

    To finance the little they can for our people, this man forces our senators to sell to him & his banks our children’s birth stock certificates in exchange for crumbs:
    Consideration eraser & disclosures, clipped by hustler James Dimon – JP Morgan:

    [James Dimon] JPMorgan is among the biggest U.S. [Peonage operator/] credit card issuers, and it also has growing auto loans and mortgage businesses. For the first quarter of the year, JPMorgan recorded $1.8 billion in income from credit cards. Its auto loan originations totaled $7.2 billion and its mortgage loan originations reached $47.1 billion, up 38 percent and 30 percent, respectively, on the same quarter the previous year.

    To illustrate, Jame’s Dimon’s A.G., Inc. set out for a $100,000,000.00 business objective, which is exactly what they secured with Lerach & Wiess. Every penny of that void entry of judgment (which is paid) will be traced and accounted for.

    On his own website Mr. James Dimon says this about himself, verbatim:

    Dimon is a director of The College Fund/UNCF and serves on the Board of Directors of The Federal Reserve [privately held stock company] Bank of New York.

    “The … Federal Reserve banks are not government agencies. … but are independent, privately owned [foreign]… corporations.”

    “I like the dreams of the future better than the history of the past.” –T. Jefferson

    “The ownership of a thing is the right of one or more person to possess & use it to the exclusion of others. In this code, the thing of which there may be ownership is called property.”

    (Real Property, Section 736)
    (Real Property, Section 756.) (On clouds-rain, real property, Section 755)

    Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982.
    C.C. 654; cf. Rest., Property Section 10; & see Real Property, Section 3. Witkin @Property

    Comment by Bonas | July 11, 2009 | Reply

  8. This 18 U.S.C. 241 United law further prohibits a person acting under color of law, statute, ordinance, regulation or custom to willfully subject or cause to be subjected any person to different punishments, pains, or penalties, than those prescribed for punishment of citizens on account of such person being an alien or by reason of his/her color or race.

    Acts under “color of any law” include acts not only done by federal, state, or local officials within the bounds or limits of their lawful authority, but also acts done without and beyond the bounds of their lawful authority; provided that, in order for unlawful acts of any official to be done under “color of any law,” the unlawful acts must be done while such official is purporting or pretending to act in the performance of his/her official duties. This definition includes, in addition to law enforcement officials, individuals such as Mayors, Council persons, Judges, Nursing Home Proprietors, Security Guards, etc., persons who are bound by laws, statutes ordinances, or customs.

    Punishment varies from a fine or imprisonment of up to one year, or both, and if bodily injury results or if such acts include the use, attempted use, or threatened use of a dangerous weapon [like Silverstein, Nash, Ito & Cooley] … shall be fined or imprisoned up to ten years or both, and if death results, or if such acts include kidnapping or an attempt to kidnap, aggravated … abuse [of court process] or an attempt to commit aggravated … abuse, or an attempt to kill, shall be fined under this title, or imprisoned for any term of years or for life, or both, or may be sentenced to death.

    Scary Stuff – The Stiff Penalty For Crossing
    Federal American Citizen’s Plain English Law

    When my body they take still free my mind is. Sophocles —

    Inside & Out Setting IT UP

    Comment by Bonas | July 11, 2009 | Reply

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