Meet, Cede.
https://en.wikipedia.org/wiki/Cede_and_Company
“Cede” means, “to give up”, and we have.
Cede technically owns most of the publicly issued stock in the United States.[5] Thus, most investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede.
Cede and Company is a shorthand for the phrase 'certificate depository.'[2] Appropriately, the word 'cede' means to 'give up (power or territory)'[3] because investors give up their stock and companies give up their shareholders to an intermediary.
In the last official DTC report disclosing ownership percentages, Cede owned 83% of all issued stocks in the United States in 1998.[8] The other 17% of all issued stocks was owned by directly registered holders through the direct registration system.
Anyone that hasn’t been paying attention to GameStop and the other “meme stocks” and learning real finance and ownership. It really seems like it’s part of the operation.
When does the Game, Stop?
The company is at 55 Water Street
See also:
- Dematerialization: https://en.wikipedia.org/wiki/Dematerialization_(securities)
- Book Entry: https://en.wikipedia.org/wiki/Book_entry
- Direct Holding System: https://en.wikipedia.org/wiki/Direct_holding_system
- Ape Library of DD (Great Bananas): https://fliphtml5.com/bookcase/kosyg
We don’t win this war without control of the money and business. We don’t control business if we don’t own it. Learn DRS, and other finance basics.
If you have a brokerage account, IRA, Roth, or financial advisor who manages your stocks, this thread contains relevant information for you. People here mention Cede from time to time, and it seemed likely that some action like what was being described would be taking place, but “no way would they be that obvious about what they’re doing.”
Yes they would. Honk.
Drs is like owning the paper shares in the old days.
My mother had some old Canadian stock,we inherited from my grandfather. She had to mail them to computershare,to get electronic shares to sell,so she knows all about it when I told her I have a computershare account.
It’s probably a very similar process, but they don’t give out the nice fancy receipts like they used to.
Fun story, the plot of Die Hard is about some dudes trying to steal a bunch of “Bearer Bonds”. Look up how those work if unfamiliar. Basically, Nakatomi owned the 1980’s analog equivalent of a crapton of Bitcoin. They’ve been rubbing our ignorance in our faces for a long time.
I'm familer with bearer bonds,I've know people that inherited them.
Oh nice! They’re basically unicorns in my experience. Only ever even heard about them one time.
Non negotiable ones?
I own what I hold.
My keys, my coins. my words proudly spoken never wrapped in lead. hopefully
all else is dust 'n shit.
MOASS is tomorrow.
Always, until it’s today.
I see no evidence that I've lost proxy voting rights for my stocks. Please explain further.
Under normal circumstances, you don’t lose it. You vote on the individual stock and your vote is, assuming it is a valid share, recorded.
However, not all “owned” stocks are valid shares.
https://greatawakening.win/p/19BGTZjm3L/do-you-own-stocks-or-have-an-ira/c/
Funds have been allowed to naked short stocks, which effectively hypothecates phantom shares that are bought and sold just like real stocks. If the short positions are closed, the “stocks” you “own” may stop existing.
Also, in some cases, they may be able to seize “your” assets or deny your claim to them - cases of bankruptcy, e.g.
In short, the stock market, as we’ve been participating in it for the last several years, is highly fraudulent.
You should do your own research on this. The stonk library in the original post has some good info, but don’t take their word either. Nothing I write is financial advice.