This discussion delves into the unsettling truth about asset ownership, revealing how supposed ownership can be a facade, hiding complex debt structures. The narrative follows a former CIA operative turned banking leader, illustrating their influence on economic policies. It highlights the evolving nature of ownership rights and the risks tied to pooled securities. Furthermore, the conversation addresses international securities law harmonization and introduces innovative financial technologies like Bitcoin, showcasing their importance for achieving financial independence.
46:16
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Security Entitlement Undermines Ownership
Ownership of securities has been replaced by a weaker legal concept called security entitlement.
Securities are pooled and used as collateral, enabling creditors to seize assets without judicial review on intermediary insolvency.
insights INSIGHT
Investor Vulnerability Explained By Fed Counsel
Securities intermediaries hold pooled assets; investors only have pro-rata contractual claims.
Investors remain vulnerable if intermediaries lack sufficient assets; secured creditors have priority in insolvency.
insights INSIGHT
Global Legal Harmonization for Creditors
Global legal harmonization pushes creditor control over client assets across borders.
This system allows near-instantaneous transfer of collateral control, overriding local property laws.
Get the Snipd Podcast app to discover more snips from this episode
David Rogers Webb's "The Great Taking" blends elements of personal narrative with a conspiracy theory centered on global elites. The book presents a critical perspective on economic systems and power structures. Webb's background in the hedge fund industry adds a layer of intrigue to his analysis. The work is characterized by its unconventional approach and controversial claims. While it may appeal to readers interested in alternative viewpoints, its lack of rigorous evidence and reliance on speculation limit its credibility.
"I am illustrating the horror and simplicity of the lie. You are led to believe that you own something, but someone else secretly controls it as collateral, and they have now established legal certainty that they have absolute power to take it immediately in the event of insolvency, and not your insolvency, but insolvency of the people who secretly gave them your property as collateral. It does not seem possible, but this is exactly what has been done with all tradable financial instruments globally. [...] Essentially, all securities, quote, owned by the public in custodial accounts, pension plans, and investment funds are now encumbered as collateral, underpinning the derivatives complex." ~ David Rogers Webb
What if everything you think you own in the financial system has already been secretly pledged as collateral to powerful creditors, who are even explicitly referred to in documentation and law as "the protected class"? In Part 2 of "The Great Taking," we continue into the depths of the legal structure and institutions that comprise a shadow network of secured creditors positioned to seize all tradable assets in the next financial collapse. From CIA operatives orchestrating the transition away from physical certificates to international legal harmonization efforts that override national property laws, this episode reveals how the very concept of ownership may have been quietly redefined while nobody was watching. When the music stops in this global game of financial musical chairs, will ordinary investors discover they never actually owned anything at all?
HRF: The Human Rights Foundation is a nonpartisan, nonprofit organization that promotes and protects human rights globally, with a focus on closed societies. Subscribe to HRF's Financial Freedom Newsletter today. (Link: https://mailchi.mp/hrf.org/financial-freedom-newsletter)
OFF: The Oslo Freedom Forum (OFF) is an international human rights conference series hosted and produced by the Human Rights Foundation (HRF). Bringing together the world’s most engaging human rights advocates, journalists, artists, tech entrepreneurs, and world leaders, we aim to share their stories and brainstorm ways to expand freedom and unleash human potential across the globe. (Link: https://oslofreedomforum.com/)
Pubky: Pubky is building the next web, a decentralized system designed to put control back in your hands. Escape censorship, algorithmic manipulation, and walled gardens by owning your identity and data. Explore the Pubky web and become the algorithm today. (Link: https://pubky.org/)
Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1)
Bitcoin Custodial Multisig
Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp)
Education & HomeSchooling
Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)
Bitcoin Audible