You DON’T Own What You THINK You Own

from SGT report.com:

VIDEO: Bix Weir from Road to Roota joins us for another wake up call. As hard as it is for some folks to understand, when it come to the stock market, and even your own home, you may not own what you think you own.

According to Zero Hedge, annual ETF trading has eclipsed the entire US GDP. That’s more than $18.2 TRILLION in annual trading volume on ETF assets which total a mere $2.1 TRILLION — further evidence that the “markets” are nothing more than a Ponzi scheme.

But it gets worse. Recounting the massive and blatant criminality of Wall Street, Bix reminds us the on a daily basis BILLIONS of shares are traded back and forth, and millions of those shares go unsettled. The DTCC is essentially a $19 TRILLION private bank which most people have never heard of. The DTCC is charged with settling all daily stock trades within three days, but because of computer and HFT trading the sheer volume of daily trading makes proper settlement virtually impossible. Adding to the confusion is the fact that CEDE & Co. is the secret entity behind the scenes which “owns” all of the shares. So when the system finally implodes you are likely to learn that you don’t own what you think you own.