So I made a pretty big discovery of how the DTCC, banks, and others see DeFi (Blockchain crypto tech that allows for DEcentralizing FInance) and tokenizing of securities as not only a threat but also imminent.
"Tokenizing" stocks into NFTs means there is no fraud or manipulation in the markets like we have today and you eliminate the need for brokers and market makers while expanding features and lowering costs. This tech means you can kiss naked shorting, FTDs, synthetic shares, payment for order flow, dark pools, broker fees, unapproved share lending, and much more, goodbye!.
You have a fair market again where hedge funds aren't betting on Amazon while committing fraud to put smaller companies that amazon has targeted out of business so Amazon can absorb their market share.
The DTCC and their banker buddies are poising themselves to become in charge of management, governance and oversight by placing themselves in the middle and using banks as part of their system. All things that are not needed AT ALL. You program the rules / regulations into the system. That's it. It self regulates PERFECTLY. And Defi means you don't need banks for loans and all the other services plus you'll get better rates that you can compare from all over the world.
They KNOW this tech is right around the corner and it means the end of their system of control and they are scrambling to hold onto it and they will attempt to do it via regulation. The average lawmaker that prior to hearing about this new "immediate threat" they are making up, didn't even know the word defi existed and still doesn't know what it means meanwhile they will make regulation or legislation to address a threat that doesn't exist to a technology they don't remotely comprehend.
It's like hiring somebody both stupid and illiterate to host Jeopardy.
This article excerpt is one click from the landing page for the DTCC under category "DTCC Connection" and titled "FMIs Have a Crucial Role to Play in Advancing DeFi" By Jennifer Peve, DTCC Managing Director, Head of Strategy and Business Development
Article excerpt from 8th paragraph after they try to convince you you need SOMEONE to address the concerns / problems they just spent the first 7 paragraphs convincing you there would be....
Consider smart contracts that manage tokenised securities. While smart contracts could technically operate without any ‘owner’ and be truly decentralised, security and governance risks inherent to this model remain. There is also the possibility for FMIs to manage the smart contract, much like the approach DTCC is developing with its Digital Securities Management (DSM) service. Pending regulatory approval, DSM will employ technologies that allow for tokens to be held in a decentralised manner, with DTCC still providing governance and oversight, enabling more efficient processing and regulatory compliance.
Bullshit. I'll take a couple of genius code monkeys hopped up on Jolt soda that can write scripts to replace the need for their agencies, oversight, and selective enforcement. Then you offer a bug code and hack bounty and the best hackers in the world will test your system for you.
Then here's a link to the PDF of the publication called "EUROFI Regulatory Update" September 2022 issue that Jenifer Peve drew from that goes into much greater detail. It's a 80 page PDF but only a portion of that is addressing this issue. Page 65 is the beginning of the crypto section and page 71 is the start of DeFi and tokenized securities.
Just a quick skim of this is throwing up a lot of red flags. Basically it looks like the DTC and others are positioning themselves to be custodians and guardians over tokenized securities and other defi products that if built and implemented correctly would need virtually neither besides the initial rules and parameters programmed in to conform with laws, rules and regulations. It also seems they want to incorporate banks into the process. Saving their rich friends and systems they can keep market manipulation in place.
I just stumbled into this while I was grabbing a link to their website for an older holder lady I'm friends with (who bought and DRSd her shares!) that was asking me what the DTCC is and I didn't want to cuss so I was going to send a link.
I also noticed that Jenifer Peve misspelled both "tokenised" and "decentralised" showing that it surely will be neither.
EDIT: I did a little digging on Oh guys notice that statement is NOT coming from an expert in Defi, blockchain innovations, emerging markets, disruptive tech, or any relevant field or expertise. It's coming from the Head of Strategy and Business Development.
What's the description of the duties for people with that title?
A leadership individual who oversees an organization's or a company's revenue. They identify and develop new business opportunities to expand brand presence, profitability and revenue.
*The director manages business goals and existing business partnerships, manages marketing efforts, proposes strategies to expand market share, and researches emerging business markets. These individuals also manage business development teams and work closely with executive leadership, stakeholders, and business management.
Most directors of business development and strategy have a bachelor's degree in finance, marketing, business, or a related field, and many employers require several years of experience in sales and marketing. A director of business development and strategy should possess strong leadership, communication, organizational and interpersonal skills, as well as have expert knowledge in how to strategically grow a business's profitability.*
TL;DR The person pushing this is not qualified to facilitate or propose regulations to ANY tech. Their only interest is to expand and protect their companies profitability. Their primary responsibility is to their company over retail investors or government but they will strategically market it in any way that sells.
Well at least we are clear their strategy is to lie, cheat and steal to stay on top.
Her background is not without some red flags either. I would encourage some people with more time than me go ahead and archive her LinkedIn and background as it shows she clearly isn't in it to facilitate the best future for the market from an investors standpoint.
She previously worked for CME Group, Inc. is the world's largest derivatives exchange, offering a broad array of derivatives contracts, clearing services, market data and indexes products. She served as Executive Director of OTC Product Management with responsibility for CME’s cleared OTC credit default swaps
She has extensive knowledge across the entire product life cycle, including OTC, FX and FX Options, OTC Metals, Stock Lending, OTC Credit Default Swaps, OTC Interest Rate Swaps and Swaptions, OTC Total Return Swaps, F&O, Energy and Equities.
Jennifer currently serves on the Technology Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC) as well as FINRA’s FinTech Industry Committee and is the former Chair of the Enterprise Ethereum Alliance (EEA)’s Banking Working Group. She is a member of SIFMA’s Blockchain Roundtable
Sounds like she's plugged in enough to know Defi and tokenized securities would disrupt / eliminate alot of companies like the DTCC and the money they skim off the top and from the government and she sees the best strategy for them is to interject themselves into a unneeded control position via government regulation not actual necessity in order to continue to exist while exercising the control and power they've enjoyed as we try to move into the future.
She's also a proponent of Central Bank Digital Currencies which is a nightmare for privacy and freedom.
https://www.linkedin.com/in/jenniferpeve
https://www.dtcc.com/our-experts/jennifer-peve
Well so far the villains cast of this movie was a bit misogynistic but looks like we have diversity now! Congrats to our first female villain! of the GameStop saga!
Ah but it's a casino where everyone can see the real odds and the house isn't using loaded dice AND you are only playing against yourself investing in companies that won't do well.
It returns us to the time where you could invest in a solid company and share in the profits when they were successful without the manipulation.
You've never invested in a REAL market before so
A tool used to enslave humanity without regulators is still a tool used to enslave humanity.
Dude you not only don't understand what you are talking about, you aren't even trying to understand it because you've already made up your mind and don't want to entertain the possibility of being wrong or even learning more.
Wrong, it's a tool. The tool didn't enslave anyone without someone using it to do so. A person with evil intent many times in secret. Transparency and parameters negate that. Imagine programming a ship that could never carry someone without their permission. That would have made the African slave trade impossible. What you're missing is that this tech allows for trustless transactions with complete transparency (in the system, not necessarily in the transactions which CAN be private) and within set parameters that can't be violated which is in every way better than what we have now and takes the lure of misuse via greed and power OUT of the equation and negates the need for institutions that over time become corrupted and used against us.
Youi don't remotely get it but people that do see this as a huge leap forward in liberty. Government institutions, international banking, regulatory bodies, and all the money and power surrounding them are obsolete. Your enemies become individuals again, not unassailable institutions that control infrastructure and more.
Good day.
Society has been DESIGNED to keep us chasing our tails and competing against one another. We live in a holographic universe [consciousness matrix]. Our reality is created by our beliefs and fueled by our emotions. https://youtu.be/bOYl1oqgDX4 . This is the secret that the powers that be understand and keep hidden from us.
I am afraid that you are the one that does not understand what you are talking about. The matrix has you. Quite literally.
Time to wake up brother.
So you aren't going to address anything I say (because in this reality and every other one you are wrong) and instead that nothing is real so I MUST be wrong (although you fail to tell me how EXACTLY) because we are enslaved in a matrix and.... this cracks me up ..... you said earlier the tech that will I was talking about will enslave humanity. The tech that takes power away from the government and gatekeepers and better than what's being used now in EVERY way will "Enslave" (as in sometime in the future) us. But we're already being controlled in a matrix right? We are enslaved then lol! Are there degrees of slavery? Maybe it's by skin color! Thats it! WE CAN END RACISM IF WE ARE ALL SLAVES!!! lololol.
Let me point out one thing....
That's not what the Bibles says. Now before you say the Bible isn't true or "the powers that be" wrote it let me stop you. You live in a matrix. You don't get to call anything true or false if it's created by beliefs and emotions. That's subjective and truth, by nature, is absolute. Therer are soooo many problems with the hologram / matrix BS but you don't want to listen and I don't wantot waste time. I'll tell you this tho....
You must be on the wrong website....
This is a Q site, not a matrix fan site for people that can't tell reality from fiction.
Q mentions "God" in 240 posts and "Jesus" in a handful of posts and uses Bible verses multiple times and even tells us directly... "Read the BIBLE. GOD WINS."
Q mentions "Matrix" only 2 times, once talking about the MSM mentioning red vs blue pill and the other time: Coincidence the Matrix (movie) grew people as a crop, used for energy, and controlled their mind? Literally telling you what everyone else seems to know the matrix was about. Oh and Agent Smith was obviously what a person uses to protect what they think when you tell them something that conflicts with what they think. The get hostile and attack you. It's "programming" from the systems in place i.e school & media.
So GTFO with your BS. God is real. Christ is king. Jesus is making all His enemies His footstool. And I'm not your "brother" by brothers and sisters are in Christ just like Q and the whole team who CLEARLY aren't telling us we're in a matrix. They are telling us to trust in God.
Go spread the devils lies somewhere else. You aren't helping and speaking out against both God and the tools of freedom He's blessing us with only helps the real enemy.