it means that CeDe gets to keep the physical contracts and they send you an email that tells you that you own it, while the law will always recognise the wet-ink paper contracts in their vaults as proof of ownership.
A few years back, under Wank Paulson's TARP megagrift, there were thousands of people who discovered that their Title Deeds for their property were held by persons unknown or a third party was trying to evict them because the correct paperwork was not on file, all manner of mischief caused by their MBS (Mortgage Backed Securities) Racket, all swirling around CeDe and Company.
I admit I am wholly unsophisticated when it comes to having a full understanding of the financial markets, but I do not trust those in power.
My guess is there must be some sort of benefit for them to move to a "certificateless society", probably in the same way fiat currency steals real value from normal citizens.
I just don't have the depth of knowledge to discern the mechanisms they're using.
Just look at my other response on this thread and I explain the purpose of this company. It's a rabbit hole I already went down myself about a year ago. It's not as nefarious as it seems.
What does "certificateless society" mean?
it means that CeDe gets to keep the physical contracts and they send you an email that tells you that you own it, while the law will always recognise the wet-ink paper contracts in their vaults as proof of ownership.
A few years back, under Wank Paulson's TARP megagrift, there were thousands of people who discovered that their Title Deeds for their property were held by persons unknown or a third party was trying to evict them because the correct paperwork was not on file, all manner of mischief caused by their MBS (Mortgage Backed Securities) Racket, all swirling around CeDe and Company.
Yep. This seems more like the type of thing I would expect from the deep state. It'll be interesting to see what everyone digs up.
Good info, u/Fringe--dweller.
It just means that you don't have to physically own the stock certificate like they did in the olden days.
Thank you for your response.
I admit I am wholly unsophisticated when it comes to having a full understanding of the financial markets, but I do not trust those in power.
My guess is there must be some sort of benefit for them to move to a "certificateless society", probably in the same way fiat currency steals real value from normal citizens.
I just don't have the depth of knowledge to discern the mechanisms they're using.
Just look at my other response on this thread and I explain the purpose of this company. It's a rabbit hole I already went down myself about a year ago. It's not as nefarious as it seems.
Will do.
This could lead to extended court battles over ownership, leaving the true owners penniless.