by Daisy Luther, The Organic Prepper:
You’ve probably heard the buzz about a recent book and documentary by David Rogers Webb called The Great Taking. In short, a former hedge fund manager and financial expert has uncovered a shocking plan that has been in the works for decades to separate us not just from our money, but from everything we own. Webb’s theory takes “you’ll own nothing and be happy” not just to the next level but all the way to the stratosphere.
TRUTH LIVES on at https://sgtreport.tv/
And the scariest part?
It rings true.
According to Webb, the wheels have been in motion leading up to this since the middle of the 1900s. Laws have been changed one by one to make it perfectly legal. This train is already on the tracks.
I was so bothered by this documentary I didn’t even know if I wanted to write about it. It seems so outrageous. It’s so dystopian.
But ultimately, I decided it was just too important not to cover.
Here’s what you need to know, as well as how to protect yourself.
The upcoming financial crisis will be like no other.
A financial crisis is looming. This isn’t news. But the upcoming financial crisis is not like previous ones. It’s not because mistakes in management were made. It’s not due to factors outside our nation’s control. It’s because Central Bankers planned it and put the wheels in motion decades ago.
And it won’t just be your money that’s at risk, according to Webb. It will also be assets that you own, free and clear. Everything. Gone. And it will all be done in the framework of existing laws that have been changed to make it possible.
Many laws have been quietly changed to make this possible.
Here’s a quick rundown of what has been changed as well as some definitions of the things Webb talks about in the documentary and book.
Dematerialization of Securities: Once upon a time, you got physical stock certificates when you made an investment. Now those are all stored electronically. Who was behind this change? Central banks and members of the literal CIA…that’s right. The Central Intelligence Agency. Former spies.
Safe Harbor Laws: This is a change in bankruptcy laws. Now, derivatives counterparties are protected from the insolvency of the lendee, even if there is fraud on the part of the lender. Here’s a quick explanation of terms from the Treasury Department.
Counterparty credit risk is the risk arising from the possibility that the counterparty may default on amounts owned on a derivative transaction.
Derivatives are financial instruments that derive their value from the performance of assets, interest or currency exchange rates, or indexes.
Security Entitlement: Previously, if you invested in securities, you owned them. Now, securities held in brokerages or pension plans are not directly owned by individuals but are instead collateral for major creditors. These assets are used as collateral again and again for a total of loans far exceeding their actual value.
Central Clearing Parties (CCPs): These entities were established to manage the clearing and settlement of trades. And some of them were created by The Fed in the form of LLCs. One of the biggest ones is called Maiden Lane LLC. There’s a version 1, 2, and 3.
Collateral Management: Securities can be moved across borders, which means in the event of a crisis, individual assets could be taken by central banks and CCPs
It’s not just happening in the United States. A similar legal framework has been established all over the Western World. All of these things have built-in vulnerabilities that could see our assets taken over by secured creditors – even if we don’t owe money on them.
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