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Reader, link: NYPost - "Billions in bearer bonds could be lost due to Hurricane Sandy: sources"
Posted By: hobie [Send E-Mail]
Date: Tuesday, 20-Nov-2012 17:41:32
(Thanks, T. :)
Reader Tonzal sends us:
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Billions in bearer bonds could be lost due to Hurricane Sandy: sources
By MICHAEL GARTLAND
Last Updated: 12:10 PM, November 18, 2012
Posted: 1:23 AM, November 18, 2012
It?s the biggest mystery on Wall Street.
Hurricane Sandy floodwaters inundated a 10,000-square-foot underground vault downtown, soaking 1.3 million bond and stock certificates ? including bearer bonds that function like cash ? and putting them in danger of turning to mush.
A contractor working for the vault owner, the Depository Trust and Clearing Corp., is feverishly working to restore the paper.
But the value of the threatened notes under 55 Water St. remains unknown to all but the innermost circle of Wall Street bankers.
One source said $70 billion in bearer bonds were in jeopardy.
[big snip to end]
Full article:
http://www.nypost.com/p/news/local/manhattan/sunken_treasure_R1WidDOAwSBvWbYgSIoflJ
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5 comments:
Gee: 55 Water Street!
Isn't that where everybody's Original Birth Certificate is stored?
You remember...the Birth Certificate on Bonded Paper, which represents that we are the Bond Slaves of whomever owns the paper!
The same Birth Certificate that is marketed by the US Government as an International Securities investment titled MUTUAL FUNDS?
So all of the Bearer Bonds are actually based upon human collateral and that is what has been damaged and valuated as a lost?
GOOD RIDDEN'S YOU ROTTEN BAST***'s!!!
Yes, A Deadly blow to the Cabal. These were the straw man accounts that were held over our head in commerce and in the court rooms. Game over Cabal. You no longer own us!!!
The math. The math.
1.3 million bonds and stocks hardly reach the over 300 million here where potentially a certificate of some kind is created.
1.3 Million is not even a ding in the 300 million.
It would be nice if the 1.3 Million were the certificates of the 1%. The demise of that value makes them worthless and unable to be of any 'credit' to society.
So it is really true. I saw an article on here last week about this from someone called Sananda. So, now what do we do to enforce this and not let any of the corporations trick us again?
These are the birth certificate bonds and their value is I'm sure much closer to $70 trillion than $70 billion.
db
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