Central-Banking-and-Currency---The--36-Trillion-DTCC-CEDE-and-Company-Fraud-Part-2
What Are Beneficial Ownership Rights
1. Beneficial Ownership Rights represent the right to vote by Proxy when that Proxy is ONLY authorized by the Registered Shareholder.
2. Beneficial Ownership Rights are those revocable and cancellable rights to receive the major portion of a dividend, if declared. Beneficial Ownership Rights have nothing to do with Ownership of the Actual Equity Shares that represent Actual and Perfectible Ownership in the company.
3. This extremely important clarification between Actual and Perceived Ownership of Equity Shares representing Ownership in the company is the basis for the Wall Street System being able to bilk and acquire most of the wealth in the Country.
4. Thousands of these transactions take place each business day are done so in the black and go unchallenged by the American Public.
5. This is the primary reason that, since the majority of the American Public typically doesn’t read or study and is ignorant of this legal reality, Cede & Co. has basically been able to acquire and steal the ownership of America.
6. The American Public, thinking they are buying Actual Equity Share Ownership, is being mislead and set up just as American homebuyers were in the Mortgage Crisis.
7. Most Public Buyers accept the assurances of their Brokers and others and never read or research to ascertain the factual reality that they are buying NOTHING of actual collateralized value.
8. Beneficial Ownership Rights provide for the revocable opportunity to receive the net majority of declared and paid dividends.
9. These rights can be terminated without notification to or recourse by the common man.
10. Payment of dividends pursuant to these Beneficial Ownership Rights is what keeps a financial revolution at bay.
11. These Beneficial Ownership Rights can only be held, in name only, by Members of the DTC.
12. The actual legal control authority over these Beneficial Ownership Rights is maintained by Cede & Co. as the Sole Registered Shareholder only and not to either the equity shares or the Street Name Stock that are owned by Cede & Co.
13. By written contract, Cede & Co. will only give Beneficial Ownership Rights to those DTC Members who have purchased the Street Name Stock from Cede & Co.
14. Derivatives, as a trading commodity, are literally a figment of the imagination.
15. The Street Name Stock sold to DTC Members is the 1st Derivative since the Street Name Stock has no connection to any physical assets of the company.
16. Without the fallacious Street Name Stock being generated by Cede & Co., there would be no Paper to sell to the public and the IPO would generate no money.
17. The public is of the belief they are buying ownership in the company but this is a lie.
18. At this point, once DTC Members receive their portions of the Street Name Stock, the IPO is announced.
19. DTC Members owning the Street Name Stock now sell ONLY Beneficial Ownership Rights to the public.
20. The public buys the 2nd derivative, or 2nd figment of the imagination, and receives only the revocable and cancellable Beneficial Ownership Rights to receive the net majority of declared and paid dividends.
21. Regarding REMIC Trusts, as an example, In Exhibit 619, Page 369, Paragraph 2, it states:
“If issued in book-entry form, the classes of a series of certificates will be initially issued through the book-entry facilities of The Depository Trust Company, or DTC. No global security representing book-entry certificates may be transferred except as a whole by DTC to a nominee of DTC, or by a nominee of DTC to another nominee of DTC. Thus, DTC or its nominee will be the only registered holder of the certificates and will be considered the sole representative of the beneficial owners of certificates for all purposes.”
22. In other words, only the DTC and Cede & Co. may distribute Beneficial Ownership Rights.
23. Therefore, the only Beneficial Owners, in all cases, will be the Direct or Indirect Participants in the DTC that are completely managed, controlled and regulated by the DTC for its own benefit.
24. If the DTC ceases to be the Sole Depository of the Securities, the following occurs in the case of a RMBS or REMIC Trust. In Exhibit 619, Page 370, Paragraph 2, it states:
“Prior to any such event, beneficial owners will not be recognized by the trustee, the master servicer, the servicer or the Certificate Administrator as holders of the related certificates for purposes of the pooling and servicing agreement, and beneficial owners will be able to exercise their rights as owners of their certificates only indirectly through DTC, participants and indirect participants.”
25. Since the Holder of the Beneficial Ownership Rights is given these rights only by the DTC and Cede & Co., the parties in the RMBS or REMIC Trust legally CANNOT recognize Beneficial Owners as having any Shareholder Rights in the RMBS or REMIC Trust.
26. Regarding Securities, as an example, In Exhibit 42, Page 9, Paragraph 9, the World Gold Trust, L.L.C
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