I was unaware of Cede & Co this is an interesting scenario, one which I need to wrap my head around. If one were to buy stocks through a broker or online trade such as Questrade, when you purchase the stock it will go into your account portfolio as 1000 Coca Cola common shares for example. Do you actually own that stock or is it held in escrow by Cede & Co for you?
Or is it all just a facade?
Do they get a transfer fee?
Or how does their revenue streams work?
An example of how a new piece of information generates more questions, and could become all consuming.
I was aware that The Federal reserve was an independent entity, and does hold the powers for interest rates, but as with all things money the question of collusion and possibly corruption will always be omnipresent especially when dealing with the vast sums in which they are dealing with.
The revelation regarding the gold standard is an interesting one. I was under the impression that Breton Woods was an agreement that brought most of the gold from Europe post World War Two for safe storage and the countries received American dollars in exchange for their gold.
After America took over from the French in Vietnam, then President De Galle knowing how much wars cost especially in Vietnam decided that France might be better off having their gold on French soil and exchanged his dollars for their gold, Germany followed in kind and this lead to Nixons decision to,”temporarily” take the dollar off of the gold standard. This appears to only be the last part of this story. But it does seem to usher in the birth of the petro dollar.
Author
J.R.K