Get Out Of The System

Posted June 10th, 2013 at 11:36 AM (CST) by Jim Sinclair & filed under General Editorial.

Dear CIGAs,

You need not change your investment profile if you close a tax incentive retirement account. 
You need not sell anything in order to close your tax incentive retirement account. 
You need not sell your gold and silver to move it to a depository that is outside of the Western financial system. 
You need not stop any type of trading you are doing in any market you favor. 
You need not change your taste for the currency that you use to keep deposits in.

The necessary is as follows:

1. Speak to Monty Guild (mguild@guildinvestment.com) about true custodian-ship

2. Take your shares out of street name at your broker and instruct them to move them to Direct Registration at the transfer agent for your company.

3. In order not to be bailed-in you must diversify your liquid capital to the BRICS or a quasi BRICS. In time and privately I will suggest banks, but for the time being know the area to keep funds is Taiwan, Singapore and Hong Kong, not Switzerland, the Bahamas or any two bit tax shelter country. If you are there then move. This may be the shortest must do but it is the most important do.

4. Storage of bullion is a very delicate subject. The first question that I strongly suggest you ask concerning the storage insurance policy is does it insure you against the storage company, any employee, any consultant or associate stealing the gold via any method including accounting fraud. The next question is what member of the big four auditing firms reviews the accountant’s statement and signs off on it as accurate and audited as compliant with International GAPP (International General Accepted Accounting as compared to US or Canadian GAPP Procedures).

Your gold must be in allocated form. Any other form is madness in today’s world. Waiting for fabrication to get your gold or silver is the scariest words I have ever heard or read. Storage should be diversified including storage in Singapore. For more information on this ask Egon von Greyerz evg@mamag.org.

5. Keep $5000 in cash and as many one ounce gold coins at home that you are willing to give up.

6. Hold a permanent residency permit in a 2nd country of your selection, taste and comfort.

I have no business arrangement nor do I receive either directly, indirectly or tangentially any payments from people I recommend. I mention them because I trust them to treat you correctly and put your affairs before their own.

Click here to view a list of banks in Singapore…



[This earlier email version of Jim's above Get Out Of The System posting a day later is more colorful and complete but needed cleanup. So I've done some of the cleanup and retained that version below. -FNC]


Date: Sun, Jun 9, 2013 at 5:36 PM
Subject: GOTS: Get Out Of The System


My Dear Extended Family,

 

What does "Get Out of The System (GOTS)" mean to you?

 

One things is as certain as Death and Taxes, You "GOTS" to go. Inertia and long term mulling over could cost you blockage of up to 83% of your assets.

 

The first 6 GOTS you must do.

 

What I strongly wish you do is free your assets from the balance sheets of the entity with which you are dealing in the entire Western world financial system, without exceptions. The official written evidence is overwhelming that in a systemic crisis of size depositors as unsecured creditors of a bank or broker by the simple act of having an account are lenders to that institution. In fact of law, the depositor, you, are very junior lenders as they are unsecured. You need to consider yourself as an informed Cypriot knowing that bail-in was coming a few months before it occurred. What would you do? My feeling is you would have done a lot more than just the thinking about it that you are doing now.

 

Getting out of the system is not an investment decision. GOTS is the mechanics of holding an account or asset only. That is account type, location, storage, insurance and auditing.

 



The necessary is as follows:

 

1. The easiest yet the most difficult is to have your assets at your bank/broker held in true custodianship. Custodianship is not true custodianship. TRUE custodianship is when the financial entity issues you a letter that states that the assets are being held as custodian for the account holders and does not appear on the balance sheet of the financial entity. The asset is the property of the registered holder and not transferred into street name by the bank. In order to get this you have to have a big influence over your bank. Usually Main Street is screwed because where these exist are in the preferred accounts department, the home of big money. As usual, Main Street is screwed. However to demonstrate the heart of the matter, this method demands review. The man to ask about these even thought he is not in the business of this, is our CIGA Monty and his partner Tony at Guild Investment Management. He has the knowledge we seek.

 

2. You must get your share assets out of the name of CEDE and Company. Yes, that is the name of almost every company share you hold. That is the DTCC and street name system.

 

An Overview from DTCC web site:

 

For more than 35 years, DTCC's family of companies has helped automate, centralize, standardize and streamline processes that are critical to the safety and soundness of the capital markets.

 

DTCC, through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.

 

DTCC's depository provides custody and asset servicing for more than 3.6 million securities issues from the United States and 121 other countries and territories, valued at US$36.5 trillion. In 2010, DTCC settled nearly US$1.66 quadrillion in securities transactions.

 

DTCC operates through 10 subsidiaries - each of which serves a specific segment and risk profile within the securities industry:

 

National Securities Clearing Corporation (NSCC)

The Depository Trust Company (DTC)

Fixed Income Clearing Corporation (FICC)

DTCC Deriv/SERV LLC

The Warehouse Trust Company LLC

DTCC Derivatives Repository Ltd.

DTCC Solutions LLC

DTCC Loan/SERV LLC

EuroCCP Ltd.

Avox Ltd.

 

DTCC's joint venture company with Thomson Reuters, Omgeo, has over 6,000 customers in 45 countries and plays a critical role in institutional post-trade processing, acting as a central information management and processing hub for brokers, investment managers and custodian banks.

 

DTCC's joint company with Markit, MarkitSERV, combines the DTCC Deriv/SERV and Markit Wire trade confirmation platforms to cover all major asset classes including credit, interest rate, equity and commodity derivatives.

 

New York Portfolio Clearing, LLC (NYPC) is registered as a U.S. Derivatives Clearing Organization with the Commodity Futures Trading Commission. A joint venture of NYSE Euronext and The Depository Trust & Clearing Corporation, NYPC clears interest rate products and supports the cross-margining of fixed income cash products from DTCC's Fixed Income Clearing Corporation with their related, offsetting derivatives trades in a "single pot". For more information, please visit: www.nypclear.com .

 

 

You must own your own assets, not some made up company by the Lanka Demons of Western Finance.

 

In order to regain your legal ownership in your account name you must demand transfer out of DTCC into Direct Registration.

Out of DTCC, into DRS!!

 

The following is courtesy of the Computershare website. Questions your brokers either has no knowledge of, or will not answer for you. The system never wants to let you out. You GOTS to get out!

 [Jim excerpted material from a 2011 two-page AT&T-specialized pdf titled "Direct Registration, THE NEW STANDARD IN STOCK OWNERSHIP"for his readers. Instead of using that, please find the most current and correct text at computershare, by doing searches such as

Below is the 2011 material Jim offered you. -FNC]







Can I access my account via the Internet?

Yes, you can access your account and request transactions via the Internet. To do this,

please go to www.computershare.com/ATT and select the “Register now” link to become an

Investor Centre member. There is also a link on this page where you can “Find out more

about the benefits of becoming a member.”

For your first-time member registration, you will need to enter:

– Our company name or ticker

– The Social Security Number or Taxpayer Identification Number for your AT&T Inc.

account

– The zip code for your account

NOTE: If you do not have an SSN or TIN, you will need your family name as shown on

your account statement.

Once you have established your User ID and password, you will be asked to select three

security questions and answers for added protection of your investment accounts. These

security questions will aid you in recovering access if you lose or forget your password.

Subsequent logins require only your member User ID and password to access your full

portfolio of Computershare-managed holdings.

Can I sell my uncertificated shares through Computershare?

Yes, you can request the sale of all or a portion of your uncertificated shares through

Computershare by accessing your account online at www.computershare.com/ATT and

following the instructions as noted before. You may also request a sale by calling

Computershare at 1-800-488-2954 using a touch-tone telephone and selecting the option “to

sell shares” or by sending a written request to Computershare. A service fee of $10.00 plus a

processing fee, currently at $0.10 per each whole share and fraction sold will be charged by

Computershare for each sale. The processing fee includes any applicable brokerage

commissions Computershare is required to pay. The fees will be deducted from the sale

proceeds and a check for the net proceeds will be mailed to you. Sales orders will be

processed in accordance with the “Terms and Conditions” described on the following page.

Any account with an uncertified U.S. Social Security Number or U.S. Taxpayer Identification

Number will be subject to backup withholding.

Does holding shares in uncertificated form have an effect on my dividends?

No. Your dividends will not be affected by holding shares in uncertificated form, whether your

account is set-up for dividends to be reinvested or paid to you by check or by direct deposit.

When will I receive statements?

You will receive a statement or confirmation detailing any activity affecting your

uncertificated shares shortly after a transaction has taken place. You may also receive

statements at other points in time. Plus, you can contact Computershare customer service

and request a statement. It is important to keep your statements for tax purposes. And

remember, you can also view your account balance and account activity at any time online at

www.computershare.com/ATT; follow the instructions as noted before.

Can I convert my certificate shares into uncertificated shares?

Yes, you can convert your shares held in certificate form into uncertificated shares by mailing

your certificates to Computershare together with a letter of instruction. The certificates

should not be endorsed. By depositing your shares in uncertificated form, you will eliminate

the risk of loss or theft of your certificates.

Certificates should be sent to Computershare at the address below by registered or certified

mail, with return receipt requested, or some other form of traceable mail. We recommend

you insure the mailing for 3% of the value of the shares. The insured amount represents the

replacement cost that will be charged to you if your certificates are lost in transit to

Computershare. Send your certificates to Computershare, P.O. Box 43084, Providence, RI

02940-3084.

How do I transfer my uncertificated shares?

The requirements for transferring ownership of uncertificated shares are the same as for

certificate shares. In order to complete a transfer, you must submit written instructions and

proper documentation, along with a Medallion Guarantee. For more information, or to request

a Transfer of Ownership Form, please go to www.computershare.com/ATT and follow the

instructions as noted before, or call Computershare customer service at the number

appearing on your statement.

Is it possible to move shares from my broker to an uncertificated account at Computershare?

Yes. Your broker can move shares electronically from your brokerage account to either a new

or an existing account at Computershare. Please contact your broker for more information.

Can I get a certificate for my shares?

Yes, you can request a certificate for all or a portion of your whole shares by accessing your

account via the Internet at www.computershare.com/ATT and following the instructions as

noted before. You may also request a certificate by calling Computershare at

1-800-488-2954 using a touch-tone telephone and selecting the option “to issue shares” or

by sending a written request to Computershare. Please allow seven to ten business days for

the certificate to be printed and delivered by first class mail. If you choose to have a stock

certificate issued for all of your uncertificated shares, any fractional share held in the Direct

Service Program by Computershare as custodian will be sold and you will receive a check for

the sale proceeds of that fractional share less any applicable fees as noted before.

Computershare recommends that your certificates be placed in a safety deposit box in a

secure financial institution. If the certificates are accidentally lost, there is a surety bond fee

based upon a percentage of the current market value as of the time the shares are reported

lost, plus any applicable processing fees. If you are planning to sell your shares,

Computershare offers the sales facility as noted before.

How do I deliver my uncertificated shares to my broker?

Your uncertificated shares can be moved to your brokerage account electronically through the

DRS. If your broker does not participate in the DRS, you will have to request physical

certificates, and then deliver the physical certificates to your broker. If your broker does

participate in the DRS, you will need to supply your broker with specific information about

your uncertificated account at Computershare in order for your broker to move your shares.

The information you will need is printed on your statement. Please contact your broker for

more information.

Can I still sell shares through my broker?

Yes, you can still sell shares through your broker. First, your shares must be delivered to your

broker. Please read the instructions immediately above to move shares to your broker.

Whom should I contact if I have additional questions?

If you have any additional questions on your uncertificated shares or require other assistance,

please call Computershare at the number appearing on your statement. You may also contact

us via the Internet at www.computershare.com/ATT and follow instructions as before.







DRS is freedom. DRS is the means to true ownership without an intermediary. Certification is the ultimate protection and freedom for your finances. (But Never certificate if you have a habit of losing your car keys or forgetting your mate's name!)

 

3. In order not to be bailed-in you must diversify your liquid capital to the BRICS or a Quasi BRICS. In time and privately, I will suggest banks, but for the time being know the area to keep funds is Taiwan, Singapore and Hong Kong, not Switzerland, the Bahamas or any two bit tax shelter country. If you are there then move. This may be the shortest must do but it is the most important do.

 

4. Storage of bullion is a very delicate subject. The first question that I strongly suggest you ask concerning the storage insurance policy is does it insure you against the storage company, any employee, any consultant or associate stealing the gold via any method including accounting fraud. The next question is what member of the big four auditing firms reviews the accountant's statement and signs off on it as accurate and audited as compliant with International GAPP (International General Accepted Accounting as compared to US or Canadian GAPP Procedures).

 

Your gold must be in allocated form. Any other form is madness in today's world. Waiting for fabrication to get your gold or silver is the scariest words I have ever heard or read. Storage should be diversified including storage in Singapore. For more information on this ask Egon von Greyerz evg@mamag.org.

 

5. Keep $5000 in cash and as many one ounce gold coins at home that you are willing to give up.

 

6. Hold a permanent residency permit in a 2nd country of your selection, taste and comfort.

 

I have no business arrangement nor do I receive either directly, indirectly or tangentially any payments from people I recommend. I mention them because I trust them to treat you correctly and put your affairs before their own.