"There's a dollar shortage globally,'' said Alan Ruskin, head of international currency strategy in North America at RBS Greenwich Capital Markets Inc. in Greenwich, Connecticut. ``Demand for liquidity trumps the fundamentals. Fundamentally, the U.S. is awful, and Europe is awful. Fundamentals are irrelevant today.''
May you live
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Have you eve heard of the DTCC? Scary stuff they have set up to use against us. Fascism is all ready to go.
The DTCC controls tens of trillions of dollars in assets, but have you ever heard of them? 99% of all securities list their subsidiary CEDE as the owner - you are just the beneficiary!
http://yourmortgageoryourlife.wordpress.com/2008/09/30/who-really-owns-your-money-part-one-the-depository-trust-clearing-corporation/
Did you mean to end with "May you live"? Seems ominous... :)
Air, I did mean to seem ominous.
And if you need an example as to why, take a look at the previous comment.
In crises like these, people come unmoored from their assumptions and it leads to dangerous, scapegoating, conspiratorial thinking.
Paisano, of course I have heard of the DTCC. They ***clear*** trades, which means they make sure that transactions happen reliably and quickly. They don't "control" anything and they don't own these companies, that's nonsense. The companies give them the right to clear trades in their stocks. That's not ownership.
This kind of silliness is going to destroy the economy if it catches on.
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