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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insights INSIGHT
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).
insights INSIGHT
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.
insights INSIGHT
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.
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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.
Animal Farm
George Orwell
Published in 1945, 'Animal Farm' is a novella that allegorically represents the Russian Revolution and the subsequent rise of Stalinism. The story begins with Old Major, a boar, inspiring the animals of Manor Farm to rebel against their human oppressor, Mr. Jones. After the rebellion, the animals rename the farm 'Animal Farm' and establish a utopian society based on the principles of equality and solidarity, known as Animalism. However, as time passes, the pigs, led by Napoleon and Snowball, consolidate power and gradually corrupt the original ideals, leading to a dystopian regime that mirrors the oppressive human rule they initially rebelled against. The novel critiques totalitarianism and the corrupting nature of power, reflecting Orwell's experiences and views on the Soviet Union under Stalin's rule.
"Inevitably following the “Everything Bubble” will be the “Everything Crash.” Once prices of essentially everything crash and all financial firms rapidly become insolvent, these collateral management systems will automatically sweep all collateral to the Central Clearing Counter- parties (CCPs) and Central Banks. The trap, into which all nations have been herded, is ready and waiting to be sprung." ~ David Rogers Webb
Continuing our dive into Part 3 of David Webb's incredible piece not he structure of the beast that has been designed to consume the global financial system through the undermining of all securities and contractual ownership across the financial system. A trap has been laid, but if we cannot see or understand it, we won't be able to protect ourselves from it. The rabbit hole goes deeper.
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