I seem to remember posting about this book here in the past, but can’t find the post.
It’s a fair description of how the world really works, what’s obfuscated and obscured from us, how we’re enslaved and subjugated. There’s also some very sound advice at the end of the documentary, for how to process this, and live a long happy life, regardless.
David Webb has produced a documentary about his book, “The Great Taking”, currently available on Rumble (& YouTube) :
Archived video here (for now), in case it goes down the memory hole – https://drive.proton.me/urls/AVN8MEZ2DG#Ixb9505FF2h8
Website – https://thegreattaking.com/
YouTube Transcript (apologies for formatting, I’ve done my best to clean it up – there aren’t enough hours in the day at the moment) :
My name is David Webb I live in Stockholm Sweden I’m on a small farm
here it’s important to understand I am not giving Financial advice the book
I’ve done has a greater purpose than that I am not active in the markets I am
not short the market I am in things like Farmland I was
managing public equities and ultimately hedge funds through the aftermath of the
Asian financial crisis the lead up to the do bubble inv bust and I noticed
that fund flows were very large relative to the size of the US economy for
example or the global economy so I started to look at the scale of money creation by the Federal Reserve and I
developed the Insight that the Fed was actually influencing the financial
markets which no one would be surprised at today but at that time it was
considered conspiracy theory even by my partners this was something I could not
talk to people about but I began studying it myself and I saw that in
individual weeks the scale of new money created was on the order of 1% of US GDP
or more now what that meant given that the US economy was growing at maybe 3 or
4% in a good year to have money creation on that scale in a single week it meant
that the money creation was far outstripping any real economic growth so
the transmission mechanism for money creation into real economic activity was
breaking down this is when I started becoming concerned and started following this
closely and it actually developed into a way for me to navigate the markets so I
applied it and I managed to protect people who I was responsible to as my
clients through the do bubble and bust and did very well through that period
armed with this understanding but the bigger understanding was that the velocity ofone was collapsing and I knew
at that time this is over 20 years ago that we were headed into something like
the time that the world experienced through the period of the great Wars and
the Great Depression because this kind of velocity of money was occurring at
that time so I went into this deeply and studied everything that was happening leading into the 20th century saw that
this provided the best anal us period for understanding what we were entering
then so I have followed this very closely I have applied it in my work in
what I was doing so I had an effective understanding of it the important thing to understand now is that the velocity
money which is the relationship between economic growth and money or money
creation money supply has broken down and is now at a lower level phos of
money than it was at any point during the Great Depression and the world wars
so I believe that this is actually the profound underlying reason for the many
things that we are seeing
geopolitically I grew up in a family of medical people and Engineers they were
not involved in High Finance as a boy I went through basically the beginning
of the industrial collapse of Cleveland they say that people strive to get
control over what has hurt them and I grew up with a real need to understand
what was destroying us because it deeply affected my family which had been very
happy prior to this A happy benevolent family and it literally destroyed the
place where I grew up so I decided to study business and finance this was
something my father did not want me to do he thought I should be an engineer and when I was younger I thought I would
have been a medical doctor but this became the pressing thing for me to understand so I studied finance and
computer science I got a subscription to the Wall Street Journal I had no one to
guide me I just started looking at the Wall Street Journal and I noticed these two Tombstone which announced the big
mergers and Acquisitions deals or financing that all these firms were in New York so I decided at a young age I
needed to go to New York and I got a job with a computer services firm I could
program I had studied systems analysis and finance so in this first year as a
young guy I went into perhaps literally every Financial firm in New York City
with the sales teams so that helps a person I think to begin to understand
things on an intuitive level just by seeing things it’s not so intimidating
once you’ve been into these places things are intimidating if you’ve never encountered them so that all happened in
my first year and then one of my clients which was a mergers and Acquisitions
group their two analysts were leaving one was going to Harvard Business School
the other was going to the London office and the sales guy that I worked with on
that account came back and told me that they needed someone with a background in finance and computers and I realized at
that time that was going to be me so I talked with my wife about it I showed up at this office so early the next day
nobody was there I had to wait about an hour for people to start coming in and they were shocked that I thought that I
had any business suggesting that I could work there they proceeded to put me
through a shocking stressful morning I was ushered into one of the senior vice
presidents who listened to what I had to say and then he said well you better be
sure you want to do this because if you [ __ ] up you’re gone by the time I left I
thought maybe this wasn’t such a good idea I probably shouldn’t have bothered you know sure enough they called back
they needed me because I knew how to do things so I worked in m&a mergers and
Acquisitions for 5 years in this firm it was working literally Around the Clock
sometimes for days with no sleep or maybe just lying on the office floor for
half an hour to get up and continue so I learned to deal with a lot of stress
with little sleep through this period of time and then I managed to move to what
was than the biggest private Equity Firm in the world by an order of magnitude I
chose to go there rather than stay I had another offer from a mergers and
Acquisitions group at LF Rothchild that would have been for about twice the
compensation but I sensed that there was going to be a crash of some kind and a
month later was Black Monday October of ‘ 87 and LF Rothchild was wiped out lost
all of its capital I really went to this private Equity Firm because when you’re doing m&a it’s basically being a
glorified salesman you’re an agent when you’re in the shoes of the private Equity investment firm you were the
principal it’s a different kind of due diligence and Analysis and I was there
for 3 years but it was very intensive 3 years and shortly after I had started
with the firm I ended up running the acquisition this longdistance telephone
company I handled all of it because the partner on the deal had difficulty with
stress and he literally went home and stayed in bed for 6 months I handled all
the due diligence which was very complicated and the financing and it
ended up being the largest capital gain in the history of the firm but it was
very stressful for my family because once again I was was working around the
clock I would get up to negotiations on Saturday morning late into in the
morning Saturday night sleep for a few hours start again on Sunday morning this went on for 9 months when it was over it
took a few months but my wife eventually said to me you know if I knew our life was going to be like this I wouldn’t
have signed up for it and that just crushed me I got out a road atlas of the
us we went through a Page by Page and just thought about where could we go
where could we be happy I couldn’t stay in that there was a possibility I would go to their London office but I knew
that would even be more intense it would just be more of the same once I’ve done something I don’t need to keep doing it
I learn what I have to learn from it I think I am different than other people
in this financial world because I actually don’t care about the money that
is not why I’m doing it that should just kind of fall out of what you’re doing
and you don’t need a lot of it there’s no reason that you need more and more and more I was always driven by
understanding things and that actually gave me an advantage I understood things
that other people didn’t so ultimately we just decided to go back to Cleveland
where I grew up and we bought a house that was within the sound of the church
bells where my grandfather’s house was my memory from Sundays when my dad would
take us to Grandpa’s house so it was really going home to try to make things
sane but the intensity returned again as I got into managing in the public
markets I had this Insight that the public markets were even less efficient
than the private markets because you had these big fun flows that were pushing things way up Beyond where a negotiated
deal would ever be done and driving prices down below where would be done so you got better opportunities both buy
and sell things I ended up ultimately running this hedge fund strategy that I
created so I designed the trading desk I train the people develop this team
trading strategy through the do com bubble in the bus we were typically in 3
to 400 positions at the same time I had developed a strategy to be short the
market using hundreds of positions so that all these crazy.com stocks no one
position could kill us but with all of these positions we had a kind of
visibility into the market and the fund flows and what was happening we were
doing exceptional well people couldn’t figure out how we were doing so well so
we had these Consultants coming from literally all over the world flying into
Cleveland and coming to the office the macro thing I was looking at was this
rate of money growth it’s always growing whether it was accelerating or decelerating and I knew we had maybe a
day or two lead time once I saw the figures to get positioned ahead of of
the market rolling over or the market accelerating upwards and other people didn’t understand this even if I
explained it to them they didn’t want to hear about it they didn’t know how to apply it it was like that in addition to
that I’ve always operated with a mental model of what is happening in the world
and I suppose I’m different than other people in that the things I pay attention to is what does not fit my
model that is what can kill you so I pay attention to what does not make sense to
me what does not fit you have to drop everything imagine you’re in a highly leveraged position with hundreds of
positions when something comes up that does not fit you pay attention to that immediately so the trading room was a
newsroom a research operation so we paid attention to things second by second and
we would dig into things that did not make sense so through this period of time I also started changing I think as
a person because I was seeing things that were not in the narrative the news
narrative that people were accepting about what was happening so I knew that
economic data series were being change this is after September 11th as well as
all the disconnects around September 11th itself so it was the beginnings of
my becoming a kind of activist although I didn’t know it I wrote quarterly
letters to my clients so I assembled things on my desk they would accumulate
and I eventually had something like a thick telephone book of just the things
that I knew and it documented that did not conform with the accepted narrative
that people were being shown through the media and I then thinn this down into a thinner telephone book and literally
started going door too to my neighbors and what I was doing was I was seeing
how I could get through to people how could I explain this and it’s damn
difficult basically it doesn’t work I decided that maybe my neighbors were too
well off to be able to hear about this so I actually went out to a poor area
and a guy was sitting on his front porch and he was interested in what I was
doing cuz I was still in a business suit I explained it to him and he just said
good luck man in this voice of someone who really knew already and had a kind
of resignation that there wasn’t much you could do about it so it’s been a long journey for me trying to expose
things I was expecting that there were going to be large scale insolvencies
after the housing bubble I was aware of what happened during the housing bubble and how that was engineered in 2003 I
met with George Soros I showed him a chart of the growth in asset back
Securities and I told him that this would be the basis of the next bubble and collapse and he said to me you’re
crazy so he either did not know that or he did not want to acknowledge it at
that time in 2003 so what was happening
was tremendous growth in the derivatives complex so I started becoming concerned
about derivatives in the very early 2000s in the aftermath of the do Bubble
at that time the derivatives complex was about twice Global GDP by 2007 it was 10
times Global GDP that growth in maybe five or six years so the
financialization was out stripping any real thing on earth already at that
point and this growth in asset back Securities what was happening was that
the process of doing any credit underwriting The Moorings had been slipped and this was done by Design
prior to this Banks would do credit underwriting meaning they would want to get repaid for the money they had loan
so they would do some analysis of whether the borrow could repay it but during this period of time the the
banking industry went to securitization of loans so it became a business of
originating loans without any concern as to whether they could be repaid the
loans were all packaged up whether they were AAA loans or subprime loans or boat
loans or car loans anything these pools were stratified now if you think of it
you had a top 20% the next 20% and so on down to bottom and the idea was that any
defaults would hit the bottom rated trunch first so for the defaults in that
pool to reach the top of the pool the top 20% you’d have to blow through 80%
of all the capital in the pool so the top was rated AAA just structurally they
could do that the problem was no one wanted to buy the lower rated Tres so
they then used an aspect of the derivatives Market the the credit default obligation CD to buy the default
protection for the lower rated tranches then they could sell the entire pool as
AAA so this was done through as green span called it the Miracles of modern
finance and he said presumably the risk will be borne by those best able to bear
that risk at the time so because it could all be sold as AAA and the yields
were better than treasuries and the Fed was creating so much liquidity these
pools were then sold 10 times over on a modeled synthetic basis also in the
derivatives market and so while the banks knew that they did not want to eat
their own cooking the stuff that they had originated they were buying the
assets this is the nature of a bubble the people that know it’s a fraud are still consuming the stuff that is being
created through the same process so the asset side of the balance sheets of banks were these Securities that were
being created through the same process it reached a point where credit default obligations alone were about 10% of the
derivatives complex by the time the r Financial prices kicked off in
2008 2009 10% so credit to fall obligations alone were the size of the
global economy now I wondered who’s signing up to take that default risk and
the early stages people were saying well the problem here is maybe in the hundreds of billions they were off by an
order magnitude it was in the tens of trillions so as the FED were injecting
all of this created money into the banks it eventually became clear that the
default risk had been taken by hedge funds subsidiaries within the banks
themselves so they enabled this whole thing by creating the entities within
the banks that would take the other side of the default risk and then when the collapse occurred they were given the
money to paper over that loss the FED has murky powers that people don’t know
about until they decide to make it visible one of their powers is to create
entities out of nothing you just create a limited liability company and then the FED can loan money create
money and put it into that entity it’s completely off balance sheet doesn’t have to be disclosed anywhere but in
this case they did they created something called Maiden Lane which is a street I sometimes walk down in the
southern district of Manhattan and the financial district so Maiden Lane was
extended this created money to buy these problematic positions out of the banks
take them off the hands of the banks and there was so much of this problematic
stuff that they then created a Maiden Lane 2 and a Maiden Lane 3 and who knows
what else was created that we were not told about so in 2008 I noticed the
first failure of a broker dealer so I was expecting there to be a lot of
insolvencies I was paying attention and the thing that shocked me was that the
client accounts in this broker dealer were encumbered in the bankruptcy estate of
the broker that never could have happened before in all of the history of Securities they were personal property
and if the broker failed you would say I’m sorry you’re out of business here’s where you can transfer my assets that
did not happen in this case so I started digging into what could possibly have
changed and this was as serious as as a heart attack given that we were going
into this meltdown at that time that’s when I discovered it had been done
through changes to the uniform commercial code in the United States
this had been done in all 50 states so it was something that could be done very
quietly over a long period of time and did not have to be done at the federal
level didn’t draw attention what they did was to create a new legal construct
of a security entitlement now prior to this as I said Securities for 400 years
were personal property this concept of a security entitlement severed that that’s
its purpose so what people then have and institutions and Pension funds even
sophisticated investors all they have is an entitlement it’s a claim it’s a
contractual claim which is very weak in the event of insolvency so it’s an
appearance of ownership it’s sometimes referred to as beneficial ownership which sounds nice but what it means is
that you receive dividends you receive a proxy you are the owner of title you can
of course you can buy it and sell it but you can see in documents that I’ve found
that the legal owner is actually the entity that controls the security with a
secured interest they are the legal owners of the property so now you have a contractual claim next all of the
Securities are held in pooled form so you have no specific identification it
used to be that with paper certificates they were numbered you had a specific numbered Bond or stock share certificate
so now they’re fungible fungible bulk book entry form cooled further we know
and it is absolutely irrefutable from the fed’s own response to a questionnaire from the EU that even
segregated accounts even people or institutions that have been told that
their Securities are segregated are in the same pool and entitled to only a
Prat a share in the event of an insolvency of the custodian so again
segregation is just an appearance people are told that it’s an absolute
subterfuge and the shocking thing is that even sophisticated institutional
investors do not understand this or they don’t want to know it further even if
fraud outright fraud is committed by the custodian that does not obviate the
ability of the secured creditors to take the Securities from these pools ahead of
the people who thought they owned them then there was in 2005 a change to the
bankruptcy law in the United States creating something called Safe Harbor
again that sounds nice but what Safe Harbor means is Safe Harbor for the
secured creditors to take the client assets and to make that absolutely certain that even in the event of fraud
they will take client assets so prior to this change in bankruptcy law there is
something called fraudulent transfer fraudulent conveyance and the trustee
the bankruptcy trustee had a duty to claw back any assets that had been
fraudulently transferred so this change was made in 2005 and then with the
failure of Leman Brothers this was cemented in case law and we concede the
Judgment by the bankruptcy court Court related to this what happened there was that JP Morgan was both the custodian
for the client assets and the secured creditor that took the client assets
which prior to 2005 everything that happened there would have been
constructively fraudulent but the bankruptcy judge this is the southern
district of New York which is Manhattan found in FA of JP Morgan that JP Morgan
absolutely was entitled to take the client assets the only question was
whether JP Morgan was an entitled person basically to take the client assets this
is an important point because it’s not all secured creditors that have this
power to take the client assets it is only the very biggest banks that are
entitled to take the client assets so they don’t want anyone else elbowing in there to take anything only they will
take them and in this judgment the judge asks the question is JP Morgan a member
of the protected class used explicitly those words and said quite obviously as
one of the biggest banks in the world the biggest financial institutions JP Morgan is quite obviously a member of
the protected class to see this in a bankruptcy case law from the court I
think that’s pretty strong stuff it’s like that document directly from the FED
provided to the legal certainty group this is hard to refute a custodian has
the records of who owns what it’s in their books and Records but that’s all it is it is the records the system has
been changed so that the property itself is then transferred up to a higher level
and held in pooled form so you deal deal with your broker to execute a trade to
buy or sell something and you get a representation of an account that shows you what you have in it but the assets
are not held even at what you think is your custodian it’s transferred to a
higher level in the US that is the depository trust Court which holds all
Securities in the United States in pooled form so the Brokers themselves are low down in the food chain in Europe
there are Central security depositories at the national level that give an
appearance of a registry of ownership at the national level but by law under
something called the Central Security depository regulation csdr which was
imposed in 2014 by law these Securities are transferred by a mandatory link to
an international Central Securities depository so they want crossboard
mobility of the collateral to occur so in Sweden for example you have a local
registry but then the Securities go up to Euro CLE Belgium so they are subject
to Belgian law not Swedish law at that level and then the collateral is
transported to underpin the derivatives complex which is housed at the central
clearing County parties the acronym is the ccps so this is the purpose to take the
collateral up to this uh Central clearing counterparty level and we know
from a bis document that is now over 10
years old that the systems are in place for the movement of this collateral on a
global basis nearly instantaneously especially in a crisis
to be swept to to meet the collateral demands of the system the secured
creditors also associated with this we have to understand derivatives used to
be bilateral you knew when you entered into a contract who your counterparty
was and you look to the credit quality of that counterparty they were on the other side in the name of reducing risk
they actually increased risk they created a monolithic risk because they
forced Central clearing so that the CCP is the counterparty on all derivatives
contracts the central clearing parties are the counterparties now what does that mean if the central clearing party
itself fails that means there is no counterparty there to honor the
derivative contracts for all manner of things but especially people that think that they have hedged their downside
risk in the collapse there’s no counterparty and the central clearing parties have been delivering liely under
capitalized so in Europe and the us there are discussions by the
participants themselves about the possibility of the central clearing parties failing in the last few years
there have been discussions of this and if you look at DTC itself which houses
all the Securities in the US Securities complex and is the central clearing
party for most derivatives they have discussion of how they will start over
again when the central clearing party collapses and explicitly that they will
not put more Capital behind it but they have prund the startup of a new Central
clearing party when one of the existing ones fails so it’s essentially planned
and the entire Capital base of depository trust so essentially the
entire us Securities complex is housed there in all derivatives the entire
capital is $3.5 billion individual banks have derivative
positions the size of the global GDP so something will happen to trigger this
collapse implosion I would say the cake is already baked at this time it’s been
made to happen because to take interest rates after having kept them at zero for
15 years which was insane to begin with and did not have to happen was made to
happen and then in essentially a year to take that back to over 5% and if you’re
noticing they’re not stopping the rates are continuing up I’ll go through what
that means for the Global Financial system when interest rates were at 5% if
a bond paid $5 to simplify this let’s say it’s a perpetuity which means you
don’t have to take into account a maturity date so if it pays $5 it’s
worth $100 you would pay $100 for that because interest rates are 5% now if
interest rates are driven down by the central bank to 1% and the bond still
pays $5 now 5 is 1% of
$500 so the value of the bond goes up fivefold by dropping interest rates like
that and it was even further because they took it to zero so this is the
source of the bubble the financial bubble that we’ve experienced the everything bubble as some people call it
and the entire Financial system is basically a perpetuity so everything is
based on discounting cash flows so all real estate the entire stock market is
based on discounting back theoretical future cash flows from companies as well
as bonds now if you do round trip on this and you take interest rates back
from 1% back to over 5% which is something like what has happened here you reverse the entire thing and you
have an 80% fall in value of everything everything all commercial real estate
the stock market everything now imagine what happens to you if you own these things on Leverage if you borrowed to
own these things that’s the problem so the entire runup the entire bubble was
artificial and the decline will be something like a decimation where
indexes will go to maybe 10% of the peak because a lot of things will just go out
of business and this is what happened with the whole dot sector when that
bubble collapsed this is what happened in the 1930s this is what happened to the Nicki
with Japan all bubbles end this way and when you step back and look at them it’s
like a very sharp mountain peak it goes into like a needle blowoff and you get a
first break and then a second run for the top that fails and that’s where we
are now if you step back and you look at something like the NASDAQ index the
second top is failing now which is understandable given that bond yields are continuing straight up so when this
begins imploding the insolvencies will increase due to the level of debt and there will
be an automatic call for more collateral that will be transferred into the
derivatives complex in these Central clearing counterparties but the central
clearing counterparties are themselves likely exposed to the collapse because I
say to people people that you may think that you’ve hedged your exposure to a
decline here but you’ve done it through the derivatives complex so the risk is in the derivatives complex it doesn’t
disappear doesn’t go away it’s all there and this pain will accumulate in the
central clearing counter parties and then they will fail and they’re basically telling us they will fail and
when that happens the people that thought that they had hedged their exposure included the most sophisticated
institutions and the Pension funds will have no protection and the secured
creditors will take all of the underlying stocks and bonds which then
gives them control of all public corporations and once you control the
capitalization structure you then control all of the underlying real things so this is something like what
happened in the 1930s when there was stress globally
everywhere due to debt levels and you would think that there were no winners
but there were because the banks that were controlled by the Federal Reserve
for example in the US were slated to survive 9,000 banks in the United States
were forced into failure the people who had money in those Banks lost all their
cash but their debts were not cancelled their debts were then Consolidated into
the Federal Reserve System and enforced so people that were in debt were in
trouble even wealthy people lost everything the difference this time
around is they’re not going after just property that is encumbered by debt
they’ve engineered this so they can take things all Securities as collateral from
people and entities that have no borrowings against them they own them clear clear and outright now let me give
you an example as analogy to explain the horror of this so you have bought a car
and you paid cash for it you think you’re being very conservative you have no debt against the car but unbeknownst
to you the dealer continues to control your car as collateral you’re not told
this the dealer uses your car and all the other cars sold by the dealer as
collateral for his borrowing in his business now the dealer goes bust and
only certain secured creditors are empowered to immediately take your car
and all the cars ever sold by the dealer without any judicial review immediately
when I describe this to people they get worried about their cars this is not about your car this is an analogy for
what has been done it’s much worse than this being about your car because it is
literally about the entire Securities complex globally so it is not about your
insolvency that causes the loss of your assets it’s the insolvency of the people
that secretly used your collateral as their property without telling you that
or disclosing
it how could this happen legally it’s a good question and perhaps there is some
Hope For Humanity in avoiding this in challenging this whole construct cuz it
is a construct none of this is real there are real things in the world this
is not a real thing but they will try to convince us that well I’m sorry you’ve
lost everything it’s an elaborate story so yes they have changed law can that be
challenged that’s what has to happen so this was the process they changed it in the Uniform Commercial Code this was
beginning in 1994 the efforts to affect this actually
go back further than that into the 1960s when they began the process of
dematerialization of Securities to hold them all electronically which some people were suspicious about then and
they were right to be suspicious it is clear that that beginning process was
literally run by the CIA and this is not Conspiracy Theory the man who was
charged with forming the depository trust Corp to do this in his own Memoir
and in interviews discloses that he was a career CIA operative from the time he
was a young man so there was a grand strategic purpose behind this they’ve
been able to do it because it has been run from the highest levels of the US
government so the involvement of the CIA then when this construct of the
Securities entitlement was put into the Uniform Commercial Code that was pushed
through all 50 states done quietly that change was made in
1994 so it took maybe 10 years to get it done in all the states then they changed
the bankruptcy law in 2005 and then it was ready to go with the testing of the Leman Brothers
case in 2008 so there’s a plan that’s executed over decades to do this then
they began a process of harmonization which was to force this model in law
globally and they did this through the EU the first discussion in documents in
the EU is in 2002 so that’s when the process was beginning then in the
aftermath of the com bust and the EU created something they called the legal
certainty group and again that sounds like a good thing but what they mean is
legal certainty that the secured creditors will take the client assets
and they worked at this for years figuring out how to subvert local law
when you think about it rights to property is kind of a sacred thing it’s
something that all people should care about and oddly enough even the people
participating in making this happen should care about this in a big way so
there in lies the hope of addressing this we can come back to that but the legal certainty group identified the
problematic local law and then it took maybe another 10 years to come up with
this csdr regulation Central Security ities depository regulation in
2014 that mandated the transport of the collateral from the local or the
national level Central Securities depository where people think they own
their things out right their record of ownership is there and the Securities are transferred up to this International
Central Securities depository level and then on to the central clearing
counterparties so it has been done in law it’s been done legally it must be
attacked legally it must be dismantled legally the power behind all of this is
the private control of the central banks and when you look around the world they
are all privately controlled you are not allowed to know actually who controls
the Federal Reserve and how it is controlled we know that it is controlled
some somehow by a set of banks so there is some kind of an ownership structure
that extends through the banks that own and control the FED but something like
this is done in all central banks around the world if you notice any country that
has attempted to have a National Bank is literally attacked and destroyed they’re
not allowed to exist so it is linked with the war machine this private
control of money the intelligence agencies the militaries globally would
not be able to function as they are if they weren’t linked with this money creation power we now know that when we
were kids perhaps we thought that the money you borrow from the bank is someone else’s savings that they’re
giving you it’s a zero some game I think we now know with the scale of the money
created during the covid period that that is not the case the scale outstrips
any real world activity and it’s just created out of thin air so this is the
power that controls everything they control all political parties all
governments all the major corporations the media and this was the case leading
into the 20th century in this period when the velocity of money was collapsing that is basically a collapse
of their control system the money is a very sophisticated control system system
because it requires almost no energy input people are directed by chasing
money incentives but this power through chronic overuse when it reaches this
point where no matter how much money is created it’s not translating into actual
economic growth then it goes into a financial bubble and then you get the
major collapse of the whole system then they must have a plan to stay in control
control through that collapse which will require physical control over people
through the reset because the money control system has broken down so this
is why you have a period of terrible instability so as we were entering the
20th century velocity money was collapsing then the Ching Dynasty collapsed it’s a global phenomena that
ended dynastic rule in China then in the period 1914 to 1918 The Turk Ottoman
Empire collapsed the austr Hungarian Empire the Russian Empire Germany was
destroyed and the British Empire had passed its enith and was really collapsing at that point so it’s a
global collapse and the people that controlled the banking power through
that managed to stay in control and they did it by subjugating populations it’s
not about taking their money it’s not about taking their stuff which they don’t need it’s about suppression and
subjugation and that’s the lesson when you look at this period in the
1930s and that is what they have planned for this kind of a cycle again and
they’ve set up for it so this plan to take all collateral globally and to
collapse the system in a kind of controll demolition where they end up controlling everything this design was
set in motion over 50 years ago it may have had a longer planning Horizon than
that but we can see actual concrete steps beginning in the 1960s with the
dematerialization so when this is unfolding this wave of insolvencies and
it creates an urgency to take the collateral people will be terrified they
will be panicked and we know that fear shuts down critical thinking so people
people will be in panic mode I’ve always been interested in what happened in the 30s because of talking about these
things with my father who lived through that and what I saw happening in Cleveland when I was a boy I’d try to
talk with anyone who would lived through that time and I asked my aunt uh what had happened in the 30s and she said
well suddenly no one had any money and I said what do you mean how could that be
and she said well no one had any money and even wealthy families didn’t have any money and she knew families in which
their daughters had been going to private schools and they couldn’t afford to go back to school when you really
look at what happened there if you close all the banks which is what FDR did he
suddenly literally closed all the banks and then only certain Banks were allowed
to reopen which were the ones controlled by the fed well then suddenly no one had
any money it’s not hard to imagine when when it’s all just shut down suddenly
and then you have the problem that there was a drop in price level drop in activity and they kept the economic
activity very suppressed for years and I know that from family history through
the 30s my grandfather’s engineering business I know from a family letter by
1936 which was 3 years after the banks had reopened there was still no business
3 years later they managed to get through this both sides of my family because they had no debt people were
more conservative then but it was very
difficult now the other thing that happened was the Federal Reserve was set
up with a kind of inevitable logic that they would have to take the gold from
the public which was of course the monetary asset backing everything then
so the go gold of the public was confiscated under the complaint that the
public was hoarding the gold but then what did the FED do with it the FED hoarded the gold and did not use it to
expand credit they kept the conditions tight so what do we have this time around gold is not the underlying
collateral in this system it’s all Securities globally so they will be
taken under the argument that well we have to save these systemically vital
institutions so that we can restart the economy again how could we restart the
economy if they are not protected so that will be the reason given and it’s like a game of Monopoly where all of the
pieces all of the money on the board are pulled back to the bank and then they
say let’s start a new game and we’ll start over from the basis that we have everything and you don’t so would you
like to borrow something and this is what the CBD C the Central Bank digital
currency will be it will be very difficult for people to refuse to use it
because they literally won’t be able to eat they will have an app they can download this will be the help this will
be the calvary riding to the rescue just download this app and you can load your
phone with some currency to allow you to go buy milk but every time you use that
you actually borrowing money from them they had have you again it will happen
very fast this will unfold in a very frightening crisis kind of environment
and people will have difficulty refusing that’s why it’s so important to spread
this awareness of this beforehand so that people understand what is happening
and so that people can become engaged in this all the way to the top of the
system it has the potential to activate very capable people all the way to the
the top of the system it has the potential to unify people against
this what I tried to do with this book was to stick with things I absolutely
know and to make it a kind of ho in terms of allowing one to see a ear
reputably the whole thing with the aim of pulling it out on the table so that
everyone can have a good look at it including the participants including the
people that are making it happen I have the premise that this is largely being
done unconsciously that the end result of this has not really been fully
understood by the participants and that her perhaps even the people at the very
top of this do not understand what is about to happen and that they will be
destroyed by their own hand if they do this so it’s the result of a kind of
inevitable logic that they have that they have to control everything that has
now been taken to the ultimate degree where one can see while it’s an
intelligent design it is Liv literally insane to actually do this because no
one wants this and that the people that have inherited this ownership layer at
the very top they did not Design This they did not put it in motion they have
allowed the Juggernaut to continue there has been no pruning in the garden there’s been no oversight it’s literally
never been looked at never been checked it is basically run out of control
unconscious ly so we have to make it conscious all the way to the top of the
system now another way I think about this is they study us we have to try to
imagine who we’re dealing with here so I’m getting into conjecture about this I have known people pretty high in the
system I have this idea that people are intimidating if you have not met them but once You’ met them you see that they
are just people and I think we have to understand these are just people they are not lizards eating babies like
potato chips that is not helpful to think of it that way so they are
actually not particularly capable people so there is a head of the snake but it
can’t do anything alone it is ryant on the muscle beneath the head of the snake
to do everything for it and that part of the purpose of this is to push this
awareness up to that muscle now what what would that look like it might look
like people that control corporations that are doing all the work to implement
this that would realize when they see this that they didn’t know anything
about this which means they do not actually have a place at the table how
might that affect their thinking could they have some interesting conversations with someone when they’re asked to do
something could they perhaps decide to withdraw participation that kind of
thing we need to happen so we have to reach people at high levels in this
system another principle is that there’s not just one head of the snake it’s like
a Hydra there are lots of heads and if you cut one off another one grows back
so you have to be able to show the entirety of this because they only
understand one piece of it so this is like a mirror to be able to see
concisely ly the hole of where this is going so that you can address the many
headed Hydra you know people consider that the CIA and all the intelligence
organizations are much like that as I said the garden has not been pruned there’s been no oversight here so
they’re all running within their missions essentially out of control
those people also need to be aware of where this is going now there are people
that are actually criminals that are killers in this but they are not the
people running things actually if the money is just cut off to these entities it
stops I think that we’re very close to
this collapse being triggered what are the indications for that well most profoundly what has been done to
interest rates and where they are now in the scale of the insolvencies that are
out there they’re not being discussed they’re being covered up the only way
that the financial system has not collapsed is that there is a big Hidden
Hand injecting lots of created money directly into the financial markets
holding them up right now as well as allowing institutions to believe they
have downside Risk by buying protection in the derivatives Market the combination of those things so this
support The Hidden Hand as I call it can be withdrawn at the time of their choosing but we’re getting late in this
process given what’s already happened to the interest rates the other indication of timing is the bank resolution the
documents of the bank resolution Authority in Europe their planning cycle
documents were mandating all of the globally systemically important Banks to
be ready for solvent wind down at the end of last year 2022 now what they mean
by solvent wind down is not wind down of the entire Bank on a solvent basis it
will be parts of the bank that will remain solvent but they’ve literally mandated that they have to be ready the
biggest banks to go flat on all of their derivatives positions in a controlled
way suddenly so they’ve prepared for that that is operational as at the end of last year now in this year’s planning
cycle document they are saying that they are on track to have completed all their
work by the end of this year 2023 so these are indications to give you
another idea of the seriousness of this they’ve been running these trilateral
exercises with Britain and the EU and the US for six of the seven past years I
think they may have missed a year during Co but in these exercises from the US
side the participants are the US Treasury secretary the chairman of the
Federal Reserve the chairman of the FDIC the heads of all these entities in this
exercise which I’ve never seen before with anything so they’re very very
serious about this and these exercises are about assuring the crossborder
transfer of the collateral when the banks are put into wind
down so you’ve noticed in the news that there have been some failures of banks
in the last year and that is due to this increase this backup in interest rates
and the idea that this is a bank specific problem is not the case these
are the canaries in the coal mine this is absolutely systemic again looking
back at the 1930s for guidance here the first big bank failure was in 1930 it
was allowed to happen and there was a kind of trickle of bank failures so the
bank holiday when they closed everything was until 1933 so it was an unfolding
banking crisis for 3 years so it’s not unusual that you would have an opening
stage here of a number of banks that have failed but it doesn’t all let loose immediately it unfolds over months and
perhaps a couple of years before you hit the point where everything’s in free
fall well how could things be better
here how could this go well we have to imagine that it seems to be overwhelming
but the first step is to get this awareness up to the highest levels so
that people realize we don’t want this to happen it’s been taken to an insane
extreme and it’s not going to go well for anyone then people are left with this idea that well everything will just
collapse and I don’t believe that at all there is a real world with real economic
activity that goes on despite this system that extracts resources from
people and places enormous stress on them that funds psychological operations
that are of course public facing they’re used against the population so the the resources of the public are extracted
tremendous burdens are placed on people stresses it’s a system that subjugates
people and if that simply stops everything gets better immediately now
how could things be different Central Banking should be a public utility the
very idea that it should be controlled by private interests that is the source
of all the problems for Humanity that must stop as a public utility you know
of course banking is a useful thing to have we have to realize we don’t have to
go back to Sticks and Stones we don’t want everything burned to the ground we
have to take back control of our society which has largely been created by good
people all the Innovations and usurped so we don’t owe them anything we have
good things that have been created we just have to not allow them to control
these things any longer
so public banking would be like a utility any profits would be returned to
the public or used to support government we have to have government we have to
have some way to operate society and have roads and do things that work for
society so Anarchy and Chaos we can’t have that so this has to be done
peacefully it has to be done legally another concept and these are not my IDE
is on borrowing these things in terms of public banking but also something like
the tax system which is really a way of harassing and again subjugating people
we know with the scale of money creation things are not being funded from our tax
dollars but if we had a stable system some kind of share of economic resources
are needed to operate the government a very simple way to do that is to place a
simple fee on every electronic money transfer wouldn’t be needed for paper
currency just every electronic money transfer we know today that the major
corporations don’t pay any taxes they aren’t supporting anything so money flows it could be a fraction of a
percent and especially if you end all of the wars if you wind down the military
bases if you stop all the covert actions which are criminal the scale of
government can be right sized to what is actually beneficial to
humanity as I say we’re being governed by constructs they aren’t even real and
if they don’t serve Humanity they must be stopped and if we’re going to have artificial constructs they must serve
Humanity so imagine how people would feel if they were told you don’t have to
file taxes in anymore that’s all going to be handled just pay a tenth of a percent on whatever electronic transfer
you’re doing but the people that run this system don’t want those kinds of solutions because it would eliminate
their control so my purpose with this book is
to create something that will show the entirety of what this is and where it’s
going to do it with an economy of information and just hard irrefutable information
and put this in something that can travel and that is happening and I know
already that it has reached billionaires it’s reached people all over the world
it’s Reach people that manage a lot of money have responsibility for that
people in weris and Vancouver and New Zealand and Monaco London so it is
happening that’s what we have to have happen and we need people at the top of
the system that are not 6° separation
from the head of the snake but are more like one or two degrees from the head of the snake to become aware of this and
start to say something about it and start to do something about it because they realize that they are not going to
be protected as I say toward the end of the book wealthy people think they’re
special you are special they’re saving you for
dessert and you let that sink in so everybody has to get busy with this
including people who believe that they are powerful and they can make a difference and it needs to be done
legally needs to be opposed through legal means I mean imagine what would happen if judges in important position
Ians become aware of this prosecutors this has never really been examined in
terms of how it can be dismantled and there will be ways to do this because it
is just a construct so in terms of advice to
people and again I can’t give you a financial advice I don’t know your personal situation I would start by
saying that your happiness is important and the happiness of your family and you
should not let Financial considerations cause you to do something that will
drive your family into despair you have to be able to get through these years
but if there are things you can do that might actually give you a relief of
stress you should consider doing those things and one of those might be to
eliminate all debt so you have to get over this notion that you should use
borrowed money to control more stuff they want you to do that because when the price level Falls you won’t be able
to service that debt so you take advantage of this time remaining to sell
things to pay off your debts it doesn’t make sense to have money in the financial markets when you also have
debt there are people I know who have sold their homes which is a tough
decision to make and are simply renting to make sure that they’re not in debt at all so you have to ask yourself these
are personal decisions how that feels for you to do that another principle is
to get real so to speak to invest in real things avoid constructs and
intermediaries you want to hold things directly have good title to them things
that you can hold like that such as land buildings in land and you want to think
about if this goes into a difficult period of years and this can be a
positive thing is to have an ability to produce food in the 30s for both sides
of my family they weren’t Farmers but they had to have recourse to family that
had farms in order to supplement their food it was important so again that can be done in a positive way you put money
into building a green House have a big garden and Orchard might choose to live
in a more rural area talking with people who went through the depression there was one friend of mine much older than
me I knew he had lived through the depression and I asked him about it and he said well you know both my parents
were killed in an automobile accident so I was on my grandfather’s farm and I was
not aware that there was a depression so he was on this farm with his cousins
that tells tells you something as a child they were just
fine the book I’ve written is called the Great taking and you can find it on a
landing page at the great tak.com there is a free pdf you can download I’ve done
it this way because it will make it close to zero friction so it can spread
globally and that is really happening some people would say well surely you must be paid something for this and I
know that if I had been paid anything I would just use it to spread the book so
why do that make it zero friction this is the most important thing I can do
right now there are hard copy books you can get through Lulu and those cost
something because it cost something to produce them and they can be delivered globally there is some small profit in
that but I am directing that to another person who is a scientist and has done
very important work.
AI Summary (for the time poor) :
Financial System Manipulation and Control
💰 Concerns about derivatives arose in the early 2000s, with the derivatives complex growing to 10 times Global GDP by 2007, outstripping any real thing on earth.
💸 The FED has murky powers to create entities out of nothing, loan money, and put it into that entity, completely off balance sheet and undisclosed.
🤯 The bankruptcy law change in 2005 created a “Safe Harbor” for secured creditors to take client assets, even in the event of fraud.
🔒 When central clearing counterparties fail, secured creditors will take all of the underlying stocks and bonds, giving them control of all public corporations.
🌍 The plan to take all collateral globally and collapse the system in a controlled demolition to end up controlling everything was set in motion over 50 years ago, with concrete steps beginning in the 1960s.
📉 The financial system is being propped up by a “Hidden Hand” injecting created money directly into the financial markets, covering up insolvencies and allowing institutions to believe they have downside risk by buying protection in the derivatives market.
Global Economic Collapse and Implications
💰 The scale of new money created by the Federal Reserve was on the order of 1% of US GDP in a single week, far outstripping any real economic growth.
📉 The speaker predicted a period similar to the Great Wars and the Great Depression over 20 years ago based on the collapsing velocity of money, and has since closely followed and applied this understanding in their work.
🔄 The size of credit default obligations: “Credit default obligations alone were the size of the global economy.”
📉 The global GDP collapse is inevitable due to the drastic increase in interest rates, leading to a potential implosion of the financial system.
💰 The entire bubble was artificial and the decline will be something like a decimation where indexes will go to maybe 10% of the peak because a lot of things will just go out of business.
🌐 The Great Taking documentary discusses the control of underlying real things and the impact on debt levels globally.
Advocacy for Change and Awareness
🌍 There is some hope for humanity in challenging the construct of the world and avoiding the great taking.
🌍 It’s crucial to spread awareness and engage capable people to unify against the unconscious control and oversight that has allowed the system to run out of control.
🏦 Central Banking should be a public utility, controlled by private interests is the source of all the problems for Humanity that must stop as a public utility.
(Powered by /eightify)
The book :
The.Great.Taking-David.Rogers.Webb-june21-web
and here :
https://thegreattaking.com/read-online-or-download
Buy the book at Lulu, if you want to support.
Lastly – For those who’re trying to silence me, in getting truth out to people – good luck with that, the harder you tyrannise, the harder I’ll work against you – also, thanks, I now know I’m over the target, otherwise you wouldn’t bother.
Cheers
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Disclaimer
Disclaimer – This is creative writing, for the purposes of freedom of expression and shared connection, in the realm of the divine via communication, you know, art. If you take offense to anything herein, then I suggest you may be the intolerant, bigoted, hateful, ideologically possessed, sinful, undiverse, uninclusive, extreme, misinformed, uninformed, propagandised one, not I. But who knows I could be wrong, I have been before, and will be again.
“to err is human; to forgive, divine” – Alexander Pope
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