Cede & Co - The $54.2 Trillion Shadow Trust That Owns The World
Sama_El
Published on May 16, 2024
Whenever we invest in stocks or bonds, most of us would assume that our brokerages purchase the stock or bond for us and put it under our name. However, this is not what really happens. The brokerage only gives you certain rights to the shares, but you don't actually get ownership of the stock. The brokerage doesn't own the stock either. Almost all stocks and bonds in the US are owned by a trust called the Depository Trust Company (DTC) also known as Cede & Co. Cede & Co. retains ownership and custody of $54.2 trillion worth of assets as of July 2017. Officially, this system is in place to eliminate the need to trade physical stock certificates and automate the entire process. But given the sheer size of Cede & Co's assets, many have hypothesized that there's much more going on in the background. This video explains what Cede & Co is, why they were established, and why they own $54.2 trillion in assets.
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Timestamps:
0:00 - Cede & Co
1:19 - Founding The DTC
3:49 - Inner Workings Of The DTC
6:17 - DTC Affiliation
7:48 - Concerns & Conspiracies
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