For those who follow the relationship between our ascension and the changes in the economy, you will view these stories as indications of the turn-around that is purportedly taking place within the financial sectors of the U.S. The channels have continually said that "things", i.e., the old and outdated structures that control our money, must be taken down before they can be rebuilt. If this is not a HAARP-created event, and if it is in fact an act of Mother Gaia/Nature, then it is perfectly appropriate that Her power has zoned in on exactly what needs to be cleansed. Might this be a small clue as to what is underway in order for these NESARA to take place? -S.C.-
|Lower Manhattan suffered severe flooding from Superstorm Sandy.|
November 2, 2012
The Depository Trust & Clearing Corp., an industry-run clearing house for Wall Street, said the contents of its vault "are likely damaged," after its building at 55 Water Street "sustained significant water damage" from the storm that battered New York City's financial district earlier this week.
The vault contains certificates registered to Cede & Co., a subsidiary of DTCC, as well as "custody certificates" in sealed envelopes that belong to clients.
The DTCC provides "custody and asset servicing" for more than 3.6 million securities worth an estimated $36.5 trillion, according to its website.
"At this point, it is premature to make an accurate assessment as to the full impact of the water damage nor would it be helpful to project on what specific actions need to be taken with respect to our vault," said DTCC Chief Executive Michael Bodson in a statement. "We are aggressively working on this situation to minimize disruption to our clients and will provide additional updates as more information becomes available."
Related: Sandy's cost to the economy: Up to $50 billion
Bodson said the DTCC's computer records are intact and that the corporation has "detailed inventory files of the contents of the vault."
The building remains inaccessible, but the lower floors are believed to be flooded. The full extent of the damage cannot be assessed until power is restored and the building is deemed safe to enter.
The DTCC has been operating from remote facilities since the onset of the storm and has maintained clearing, settlement and other services that are crucial to the functioning of Wall Street, according to Bodson.
Bodson said the DTCC is working with couriers to ensure that all deliveries are rerouted to a facility in Brooklyn, and the group expects all other services related to physical securities processing to resume "in the next several days," he added.
Hurricane Sandy disrupts Federal Reserve operationsNew York Federal Reserve suspended operations for a day as hurricane battered eastern US; temporary measures taken to support banking in face of disruptions to power, communications and staffing
Central Banking | 31 Oct 2012
The Federal Reserve Bank of New York, in one of the worst affected areas, was open on October 29, but suspended open market operations the following day. The settlement of transactions that took place on Monday was postponed until today (October 31), and purchases of Treasuries and agency mortgage-backed securities scheduled for October 30 were cancelled.
Hurricane Sandy was a tropical storm that originated in the Caribbean and moved up the eastern US, striking New York and the surrounding area late on October 29. Parts of the US were left without power and New York experienced major flooding. Scores of people were killed.
The Federal Reserve issued a joint statement on October 30 with the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation setting out contingency measures for financial institutions affected by the hurricane. The Fed called on banks to “work constructively” with borrowers affected by the hurricane. “The agencies recognise that efforts to work with borrowers in communities under stress can be consistent with safe-and-sound banking practices,” the statement said.
Supervisory reporting requirements disrupted by the hurricane were adjusted so as to not impose unfair penalties. Federal regulators agreed to “expedite” any request to set up temporary banking facilities in affected areas as “banks face power, telecommunications, staffing and other challenges in re-opening facilities after the hurricane”.
Other Federal Reserve banks were also affected. Cash operations at the Philadelphia Fed and the Baltimore branch of the Richmond Fed were suspended, and the Boston Fed opened with only essential staff on October 30. Normal cash operations resumed today.