by Rhoda Wilson, Expose News:
In June 2023, hedge fund manager David Rogers Webb published a book titled ‘The Great Taking’.
The book, one commentator said, describes a legal framework for the seizure of trillions of dollars of assets from public and private institutions and people. It includes primary sources and a reasonable narrative explaining how a powerful class can subvert society for their own ends.
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Webb wrote that his book is about the taking of collateral – all of it. In other words, we will own nothing.
The end game of the current globally synchronous debt accumulation super cycle. This scheme is being executed by long-planned, intelligent design, the audacity and scope of which is difficult for the mind to encompass. Included are all financial assets and bank deposits, all stocks and bonds; and hence, all underlying property of all public corporations, including all inventories, plant and equipment; land, mineral deposits, inventions and intellectual property. Privately owned personal and real property financed with any amount of debt will likewise be taken, as will the assets of privately owned businesses which have been financed with debt. If even partially successful, this will be the greatest conquest and subjugation in world history.
Private, closely held control of ALL central banks, and hence of all money creation, has allowed a very few people to control all political parties and governments; the intelligence agencies and their myriad front organisations; the armed forces and the police; the major corporations and, of course, the media. These very few people are the prime movers. Their plans are executed over decades. Their control is opaque. To be clear, it is these very few people, who are hidden from you, who are behind this scheme to confiscate all assets, who are waging a hybrid war against humanity.
The Great Taking: What is this book about? David Rogers Webb
This book is provided free to read online HERE or you can purchase a copy HERE or HERE.
We haven’t read it yet but below is a review done by somebody who has. Economist and engineer JD Breen reviewed The Great Taking and said it makes a compelling case that the global elite devised an elaborate plan to take everything we own. We have taken the liberty of adding some hyperlinks to JD Breen’s text.
The Great Taking, A Review
By JD Breen, 24 August 2023
Last week I was sent a small book with a big warning. It’s among the more frightening things I’ve ever read.
Written by former hedge fund manager David Rogers Webb, The Great Taking details a disturbing plan to rip everyone off. And by “everyone,” I mean all of us who think we own any of our assets.
Webb chronicles his credentials by reviewing his family history and professional background, particularly when he began to realise things were going awry.
In the late 1990s, especially after the collapse of Long Term Capital Management but before the tech bubble burst, he noticed central bank counterfeiting moved markets much more than economic activity did.
This is obvious in retrospect, and a truism today. But it was a “conspiracy theory” then. Webb, who ran his hedge fund at the time, recalls being called a “conspiracy theorist” whenever he made the assertion.
Webb recounted meeting with George Soros during the Dotcom bust. When Webb wondered whether anything more could be done to keep markets afloat, Soros assured him: “You don’t know what ‘they’ can do.”
That’s scary enough. But more frightening was that “in such a moment, even George Soros spoke of a they.”
Watching the markets in 2003, Webb witnessed a phenomenon he’d never seen before. On certain days, everything went up, even as money growth went down.
The only reasonable inference, as Webb put it, was that “new money was being directly injected into the financial markets.” Several years before it was officially described, this was the unheralded beginning of “Quantitative Easing”.
The heralded beginning came after the 2008 Global Financial Crisis, when an avalanche of counterfeit currency bailed out big banks harbouring tens of trillions in derivatives losses.
A few years before that collapse, “safe harbour” provisions of the US Bankruptcy Code were revised to ensure certain creditors – whom the bankruptcy court called “members of the protected class” – could capture client assets without a challenge.
Legal theft was quietly codified. It became case law when Lehman went bankrupt. Before that failure, “JP Morgan [clearly among the “protected class”] took client assets as a secured creditor while being custodian for those assets!”
The US Bankruptcy Court of the Southern District of New York justified this heist – which was clearly fraudulent under prior bankruptcy laws – as necessary to protect the “financial stability of the clearing houses” and prevent “chain reactions of insolvency among market participants.”
Apparently, people who’d always thought they owned securities no longer had rights to claim their assets. If the custodian collapsed, clients’ “securities” went with it.
Property rights to financial assets no longer existed. Before long, if Webb is right, no others will either.
Like explosives around a condemned building, debt is being compiled to precipitate an implosion. Those who cause the detonation will enhance their wealth by burgling the debris.
Crises aren’t accidental. They’re caused by people who’ll profit from the “recovery.”
Much as the powers that be are trying to eradicate physical cash today, their predecessors eliminated paper stock certificates several decades ago.
And they marketed these manoeuvres with similar pitches. Eliminating paper would be more “convenient,” crackdown on crime, and ease transactions when exchanges were made.
As Michael Malice might say, this may be factual, but it’s not truthful. The real reasons are more nefarious, and rarely advertised. Surveillance and confiscation aren’t selling points that will persuade most people.
Until there’s a crisis.
But when one arrives, the people will want someone to blame. And for someone else to pay the price.
When the derivative dam bursts, major financial institutions – and the central clearing parties (“CCP”) that facilitate their transactions – will drown.
So “regulators” who helped fill the reservoir are also the ones who constructed the rescue raft. But only secured creditors will fit in the boat. And the vessel is painted with the pleasant assurances that if an institution fails, taxpayers won’t pay.
Unless the taxpayer “owns” financial assets held in custody at a failed firm. Then, like the Cypriot bank “bail-ins” a decade ago, the institution’s customers will be on the hook – while the big fish scarf the krill and swim away.
As under-capitalised as financial institutions and clearing parties are, it’s almost as if they’re designed to fail. Webb recalled the precedence of the “Bank Holiday” in 1933.
By executive order, banks were closed. Later, only those approved by the Fed were allowed to reopen.
Thousands of banks were left to die. People with money in those unfavoured institutions lost it all, as well as anything they had financed – houses, cars, businesses – that they now couldn’t pay for. The “chosen” banks collected the collateral and consolidated the debts.
Notwithstanding centuries of financial instruments being treated as personal property, the “securities” we “own” are no longer ours. Neither are any assets they finance.
Assets we think we possess are legally controlled by custodial companies. And these entities can claim our property as collateral in the event of someone else’s insolvency.
This is true of all tradable financial instruments around the world, wherever they are held.
Whether in pension plans, investment funds, or custodial accounts, all securities ostensibly “owned” by the public are, according to Webb, “encumbered as collateral underpinning the derivatives complex”, which is “orders of magnitude greater than the entire global economy,” so “there’s not enough of anything to back it.”
