GOTS: Get Out Of The System

Posted February 5th, 2015 at 9:00 PM (CST) by Jim Sinclair & filed under General Editorial.

**Originally posted June 9th, 2013**

Dear CIGAs,

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.
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. 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 holds. 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.
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!

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.

Yes, when in DRS you can order your shares placed into Certificate form if the company obliges.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.

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.

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.

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.

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.

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

More…

DRS is freedom. DRS is the means to true ownership without an intermediary. Certification is the ultimate protection and freedom for your finances. 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.

Jim Sinclair

The Cowardly and Despicable American Presstitutes

from Paul Craig Roberts:
February 5, 2015. There is a brouhaha underway about an American journalist who told a story about being in a helicopter in a war zone. The helicopter was hit and had to land. Which war zone and when I don’t know. The US has created so many war zones that it is difficult to keep up with them all, and as you will see, I am not interested in the story for its own sake.
It turns out that the journalist has remembered incorrectly. He was in a helicopter in a war zone, but it wasn’t hit and didn’t have to land. The journalist has been accused of lying in order to make himself seem to be “a more seasoned war correspondent than he is.”
Read More @ PaulCraigRoberts.com

Gold Price: Experts Underline Importance Of Decoupling From Dollar

from Gold Silver Worlds:
Earlier this week, we provided a summary of the key investment insights from 6 top fund and money managers, including Jim Rickards and Ronald Stoeferle, during the recent Incrementum Advisory Board (www.incrementum.li).
Part of that discussion was the analysis of the recent action in the gold price. This article highlights the key thoughts in that respect.
Jim Rickards observes an important change in the gold market. Until recently, there was a fairly inverse relationship between USD and gold. If you look at the dollar index and gold, the low point of the dollar-index was exactly timed to the high point of gold. So there has been this inverse relationship between gold and the USD for the past three years. This changed during the past weeks.
Read More @ GoldSilverWorlds.com

*Extremely* dangerous situation in Debaltsevo

from The Burning Platform:
The pro-Russian forces are soundly defeating the Ukraine Nazi army. Why else would Merkel and Kerry and Nuland be scrambling around Europe and Russia trying to head off disaster for their master plan of keeping Russia surrounded. If the Ukrainian Nazis were winning, there would be no one seeking diplomacy. There is complete silence about the Novorussians winning in the American MSM. What a shocker. The Saker believes the U.S. and their minions will pull another false flag slaughter of civilians in a last ditch attempt to turn the world against Russia. The Ukraine is insolvent, overrun with Nazis, and led by an American puppet dictator. Chalk up another foreign policy disaster for the American Military Empire.
The Novorussian and the junta have agreed to a cease-fire to allow the civilian population to leave Debaltsevo. In theory, each civilian will get to chose whether he/she wants to be evacuated to Novorussia or to the Nazi-occupied Ukraine. The convoy of refugees will be escorted by senior OSCE officials. Both sides to the conflict have pledged not to open fire during the time needed for this operation. Now consider this:
Read More @ TheBurningPlatform.com

FACEBOOK BANS DAVE HODGES for DARING TO EXPOSE WHAT’S BEHIND THE MURDERS OF THE BANKERS

by Dave Hodges, The Common Sense Show:
Move over Jon Rappoport and Michael Rivero, Dave Hodges joins you as the latest victim of Facebook censorship. Facebook has banned my participation. I am, and have been an outspoken critic of FACEBOOK and its intrusive violations of privacy. However, it was a way to enlighten people as to the current state of our country and world.
FACEBOOK did not list a reason as to why they banned me. I only posted articles to groups for which I was a member. This is not a violation of FACEBOOK’s rules and is clearly a case of flagrant of censorship.
Read More @ Thecommonsenseshow.com

Rumor: He’s Hard Core: Jordan’s King Abdullah To Personally Lead Airstrikes Against Islamic State

from The Daily Sheeple:
Earlier today the Jordanian government launched widespread airstrikes against Islamic State targets in response to the horrific execution of one of their pilots.
In a statement to the father of pilot Moarth al-Kasbeh, King Abdullah II of Jordan said that they will fight ISIS until they are completely eliminated.
And if various reports are to be believed, King Abdullah, a trained fighter pilot, will lead the charge:
Read More @ TheDailySheeple.com

#1 Investment Lesson from “The Men Who Built America”

from Outsider Club:
This year’s been off to a weird start. Like we expected, precious metals had the best start to a year in three decades and everything else impacting that was just a mess — all over the place.
This week, we’re seeing more weirdness, convoluting even the most seasoned investor’s analysis.
Oil’s crashing, again. Greece is hanging on by a thread… especially now that the ECB has initiated a ban on Greek bonds. The Ukraine strain is alive and well. And the dollar — for the most part — just keeps trucking right along.
Read More @ OutsiderClub.com

Middle East War, Ukraine War, Economic Calamity Coming

from USA Watchdog:
Everybody has seen the horrifying video of the Jordanian pilot being burned alive by the Islamic State.



I want to concentrate on why these Islamic radicals did this, and did it in a slickly produced video. I think these terrorists wanted to make sure the world could clearly see and hear this horrible act to get people riled up for war. Remember the stories about how the Islamic State was negotiating a release of the pilot when, in fact, he was already dead? The Islamic State wanted to take it up a notch and build up interest, but why? I think they want to invite war and, this time, from Jordan. Why else would they burn someone alive in a cage and make a video of it to release to the world. The videos of beheadings were not getting them enough attention and outrage. I think that is exactly what they got as Jordan ramped up its airstrikes against the Islamic State. Jordan is a small country with lots of refugees. Many Muslims are outraged about the burning pilot but there are some closet sympathizers to ISIS. Is this going to be used to destabilize Jordan? Get Jordan over extended and topple the government? Will Obama give King Abdullah of Jordan the weapons and help he just came to Washington to ask for? What is the President saying about this? When he was trying to make the point that Islam has been hijacked, the President said, “Remember that during the Crusades and Inquisition, people committed terrible deeds in the name of Christ.” One thing is for sure; War in the Middle East is increasing and not decreasing.
Read More @ USAWatchdog.com

The Key That Is the Saudi Kingdom

from Washington’s Blog:
Was the United States compelled to attack Afghanistan and Iraq by the events of September 11, 2001?
A key to answering that rather enormous question may lie in the secrets that the U.S. government is keeping about Saudi Arabia.
Some have long claimed that what looked like a crime on 9/11 was actually an act of war necessitating the response that has brought violence to an entire region and to this day has U.S. troops killing and dying in Afghanistan and Iraq.
Read More @ WashingtonsBlog.com

US Rig Count Collapse Accelerates, Production Stays High

Submitted by Tyler Durden on 02/06/2015 - 13:12 The worldwide rig count ended January at 3,309, down 261 from December but it is the US and Canada that is dominating that collapse. Following last week's all-time record absolute drop of 94 rigs (over 7%, most since APR09), the oil rig count dropped for the 9th week in a row (down another 83 to 1140 rigs - down 27% in last 9 weeks) as it tracks the 4-mo lagged oil price perfectly. This is the lowest oil rig count since Dec 2011 (down 19.5% YoY) and lowest total rig count in the US since March 2010 - down 25% in the last 9 weeks). Hopes of production cuts are simply wrong as the last 4 times that rig counts have dropped, no production cuts have occurred.

S&P Downgrades Greece, Hints At Bank Runs And "Capital Controls" In Worst-Case Sccenario: Full Report

Submitted by Tyler Durden on 02/06/2015 - 12:42 And the hits keep coming. On the heels of a demand for repayment of ECB's profits from GGB bond gains and to extend the T-Bill limit to give the nation time to negotiate with EU leaders (i.e. a Bridge Loan) which Jeroen Dijsselbloem already dismissed earlier in the day, S&P just piled on...
GREECE RATINGS CUT TO B- FROM B BY S&P; MAY BE CUT FURTHER
This downgrade comes just 5 months after upgrading Greece because "risks to fiscal consolidation in Greece have abated." EURUSD is not moving much (having already cratered after US payrolls) but Greek stock ETFs are sliding once again.

Treasury Yields Are Soaring Most Since Jan 2009

Submitted by Tyler Durden on 02/06/2015 - 11:53 Almost the entire Treasury complex is now up aropund 30bps on the week. In percentage terms, this is the biggest yield spike for 30Y bonds since January 2009. 30Y is back above 2.50%, 10Y above 1.9%, and 7Y above 1.75% as 2Y yields have exploded 10bps to 62bps (and 39% this week - the most on record).

Did The BLS Forget To Count Thousands Of Energy Job Losses?

Submitted by Tyler Durden on 02/06/2015 - 11:22 According to corporations themselves, there were at least 18,000 terminations in the high-paying energy sector. According to the January payrolls report, the number of Oil and Gas Extraction workers declined to 199.5K in January from 201.4K in December, a virtually non-exstant drop of 1,900 workers (and even the not seasonally adjusted, raw data shows a tiny drop of just 3.1K workers). So did the BLS choose to ignore for these thousands of jobs losses, or did it simply forget?

Greece: Are You Finally Ready To Do The Right Thing And Leave The Euro?

Submitted by Tyler Durden on 02/06/2015 - 11:03 The era of living off borrowed money is over in Greece, and the Greek people now have a choice: they can continue down the path of poverty by leaving their culture of corruption unchanged, or they can grasp the nettle and support a new culture based on transparency, fiscal prudence and strict adherence to the basic rules of monetary management.

Canadian FinMin Blows The Narrative: US Economic Leadership "Is Simply Not Sustainable"

Submitted by Tyler Durden on 02/06/2015 - 10:21 Happily ignoring the 'fact' that the unemployment rate rose in the US today, talking-heads continue to proclaim the US economy will be the economic engine of the world going forward... cleanest dirty shirt... where else are you going to invest. Of course this ignores the fact that US Macro data has been a disaster over the last 2-3 months. But there is one dissident voice who dares to speak up... Canadian Finance Minister Joe Oliver said on Friday, although the United States is carrying the world economy at the moment, "that is simply not sustainable." Blasphemy!! 

BLS Unleashes Whopping Revisions To 2014 Jobs Data, Now Reports 423K Job Gains In November

Submitted by Tyler Durden on 02/06/2015 - 09:06 Remember that whopping 353K jobs number in November? Well, following the data revision, it was boosted by 20% to a whopping 423K - the second biggest monthly increase in jobs in the 21st century! And breaking it more fully down, what was supposed to be a total gain of 2,952K jobs in 2014 has now been revised to 3,197K. And the best news of the day: that average weekly wage you thought you were collecting during all months of 2014? That too was just revised higher across the board.

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