
 Bitcoin Audible
 Bitcoin Audible Read_884 - The Great Taking [P3]
 13 snips 
 May 28, 2025  Dive into the 'everything bubble' and its looming threat of a financial crash. Discover how collateral management systems are reshaping market control and the resulting systemic risks. Explore the impact of financialization on stability, drawing parallels with Orwell's 'Animal Farm.' Unravel economic myths about the Great Depression while examining China's influence on Bitcoin trading. This insightful discussion unveils the financial traps that could ensnare us all. 
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Collateral Mobility Centralized
- Collateral management systems enable the cross-border movement of securities as collateral.
- This setup concentrates financial risk in central clearing counterparties (CCPs).
Collateral Transformation Exploits Clients
- Collateral transformation means swapping client assets under derivatives without client knowledge.
- Clients lose true ownership while their securities feed the derivatives complex.
Automated Collateral Sweep Warning
- In a crash, collateral management systems will automatically transfer all collateral to CCPs and central banks.
- This mechanism is a financial trap designed for sweeping assets en masse.


