Watch the water? The company located at 55 Water St, NY owns 83% of all American shares. What happens when your brokerage goes out of business? Great explanation by Cancelthisclothingcompany

posted 320 days ago by bubble_bursts 320 days ago by bubble_bursts +58 / -2

https://twitter.com/Cancelcloco/status/1740515711775346762

Any share you own with a brokerage is not actually owned by you. You are just a "beneficial owner". The shares are actually owned by a company called Cede and Company which is a subsidiary of DTC.

So whats the big deal? So what if you are a beneficial owner, whatever that means?

It is a big deal when your brokerage firm goes out of business. When that happens, the shares go back to the DTC and not to you because they are the real owners.

If you are holding a share via DRS, on the other hand, then you own the shares.

A couple of interesting numbers / symbology.

17% of all US shares are owned by the people, via DRS.

Cede and Company is located at address 55 W̳a̳t̳e̳r̳ Street, NY.

We all know the significance of 55 - "Storm is upon us"

When the storm is upon us, and the brokerages start collapsing, people will watch their shares all flow into the Water Street - One of the key meanings of Watch the Water ?

13 comments

13 comments share save hide report block hide replies

To The Great Awakening

We are researchers who deal in open-source information, reasoned argument, and dank memes. We do battle in the sphere of ideas and ideas only. We neither need nor condone the use of force in our work here. WE ARE THE PUBLIC FACE OF Q. OUR MISSION IS TO RED-PILL NORMIES.

This is a pro-Q community. Please read and respect our rules below before contributing.

WHY Q?

"Those who cannot understand that we cannot simply start arresting w/o first: ensuring the safety & well-being of the population shifting the narrative removing those in DC through resignation to ensure success defeating ISIS/MS13 to prevent fail-safes freezing assets to remove network-to-network abilities kill off COC to prevent top-down comms/org, etc. etc. should not be participating in discussions." Q

Comments (13)

sorted by:

▲ 2 ▼

– bubble_bursts [S] 2 points 319 days ago +2 / -0

Wow! I actually remember this. I musta read it atleast 25 years ago, and the teenage me laughed at it, without understanding what it really was about.

permalink parent save report block reply

– redtoe-skipper 2 points 318 days ago +2 / -0

for old times sake:

https://archive.org/details/26AsterixAndTheBlackGold_201805/page/n21/mode/2up?view=theater

page 25.

It is a bit of a pitty that the humor not always can be conveyed literally. And worse, today, I found Albums which were reworded ....and are missing the ironic satire.

So, the only reals ones are the old ones.