David Rogers Webb's new book "The Great Taking"

[ThePythonicCow]

Oh dear ... as my ToDo list grows like the national debt ... I've stumbled across an insightful book on our current financial situation, where it's been and where it's headed, from someone who has been inquiring into such affairs, with far more success than I've ever had.

So I am putting aside what I can, to focus on David Rogers Webb's new book "The Great Taking", which is available free in pdf and audio. He has chosen to share his insights with others, for reasons better explained in the prologue to his book (audio) (https://share.descript.com/view/hRGLhAlCEBl).

I first leaned of his book earlier this evening, in Chris Martenson's interview of another analyst, Paul Kiker, where they discuss Webb's book: The Great Taking: Ownership Illusions in Modern Finance, with Paul Kiker (https://rumble.com/v3w15lk-the-great-taking-ownership-illusions-in-modern-finance.html).

That led me to another PeakProsperity page, that went up just a couple of days ago, in which Chris Martenson interviews David Rogers Webb himself: The Great Taking with David Rogers Webb – Part 1 (https://peakprosperity.com/the-great-taking-with-david-rogers-webb-part-1/).

Links to the entire book:

The Great Taking (pdf) (https://thegreattaking.com)
The Great Taking (audio) (https://cm-us-standard.s3.amazonaws.com/audio/The+Great+Taking_Audio+Book+-+Combined+Book.mp3)
The Great Taking (html web page) (https://mpalmer.heresy.is/webnotes/TheGreatTaking/Prologue.html)


I've listened so far to the above two Chris Martenson interviews, with Paul Kiker and David Rogers Webb, and to the above mentioned the prologue to his book (audio) (https://share.descript.com/view/hRGLhAlCEBl).

I recommend starting with the audio prolog, though any link above is a fine place to start, depending on one's own inclinations.

So far, from these introductions, this book is promising to provide compelling insights into the coming financial collapse, which if the deep state gets its way as it has for a long, long time, promises to be the Greatest Depression. Such insights can greatly benefit us, individually and together, if we can use them to better adapt to, and even alter, unfolding events.

===

P.S. The main chapters of the above book were written by someone fluent in the U.S. Dollar denominated financial institutions, both in New York, and less so globally. They might be difficult to follow for someone who hasn't been observing those institutions for many years. I will endeavor to provide a follow-up post, below, once I've had perhaps a day to digest what's there.

[Vangelo]

Finally got a chance to listen to the Prologue this morning, Thank you for linking ThePythonicCow.
I've got jury duty on Monday and will read the book then. (I'm actually looking forward now to Jury Duty ;-)

...
Links to the entire book:

The Great Taking (pdf) (https://thegreattaking.com)
The Great Taking (audio) (https://cm-us-standard.s3.amazonaws.com/audio/The+Great+Taking_Audio+Book+-+Combined+Book.mp3)
The Great Taking (html web page) (https://mpalmer.heresy.is/webnotes/TheGreatTaking/Prologue.html)


...

I recommend starting with the audio prolog, though any link above is a fine place to start, depending on one's own inclinations.

So far, from these introductions, this book is promising to provide compelling insights into the coming financial collapse, which if the deep state gets its way as it has for a long, long time, promises to be the Greatest Depression. Such insights can greatly benefit us, individually and together, if we can use them to better adapt to, and even alter, unfolding events.

===

P.S. The main chapters of the above book were written by someone fluent in the U.S. Dollar denominated financial institutions, both in New York, and less so globally. They might be difficult to follow for someone who hasn't been observing those institutions for many years. I will endeavor to provide a follow-up post, below, once I've had perhaps a day to digest what's there.

[ThePythonicCow]

.
Last night, I got half way through my reading of David Rogers Webb "The Great Taking". I will continue today, and I endeavor to report here.

Meanwhile, just now, I thought to do a Web search for David Rogers Webb "The Great Taking" on a couple of search engines. It's been actively considered on many financial sites since it came out in early October 2023. So now, besides reporting here on this book, I've also added to my queue:


Look over the 84 or so links that came up on this Web search and report some of the good ones here.
Start a new thread on this book, likely moving over some of the good stuff here, re-edited to make a good stand alone thread.

[ThePythonicCow]

I still have half of David Rogers Webb "The Great Taking" to read more closely, instead taking an easier tour through some of the other postings and videos about his book.

This video was my favorite short introduction to the substance of his book - a short but insightful interview of David Rogers Webb by the fine Ivor Cummins:

QeP71CKRZNs

This interview covers the primary point of Webb's book ... that a major, world-wide effort was made over the last several decades to rewrite the laws in every nation to make the custodians of financial assets, not the depositors, the primary recipient of all assets of a failed counter-party institution, with immediate and legal certainty, whenever that counter-party goes bankrupt. The precedent for this was sealed in case law when Goldman Sachs and JP Morgan scooped up the assets of AIG and Lehman, during the financial crisis of 2008.

There is a dense network of cross investments and derivatives between all banks, brokerages, and other financial institutions. Whenever one of them fails, this puts several other counter parties also at immediate risk of collapse due to the failure (collapse to zero value) of various investment contracts they had with the failed institution. Now, by law, the exposed counter parties get immediate possession of whatever assets the failed institution was holding (all the customer accounts contents held at that failed institution).

Given the largest tower of entangled financial contracts ever built in known human history, a systemic and wide spread collapse has clearly been planned and is practically inevitable. At which point pretty much any account you have with any of them is at risk of going to zero value, and pretty much any loan you have with them that is backed by something you thought you owned (real estate, car, inventory, ...) is at risk of being called in for immediate payment, lest that property be foreclosed or repossessed. Even if you thought you had sufficient funds in some other account to pay that loan immediately, good luck doing so when those other funds were just "stolen" from you the day before.

And even if some of your assets survive that initial "bail-in" for the benefit of the surviving financial giants, you still aren't out of the woods. A few years of depression will shake out most of the remaining assets that can still be sold, at well below original cost, just to survive.

In the end, if the collapse proceeds as the Banksters and Globalists have planned, the rest of us will own nothing, as foretold by the World Economic Forum. We will have to subsist on centrally provided subsistence incomes, toeing the "party line", renting our essentials from "them."

The planning is clear and compelling. May their best laid plans "Gang aft a-gley" (“To a Mouse,” by Robert Burns).

[ThePythonicCow]

.
... or if you'd prefer to read, and would like a bit more detailed, but clearly and accurately written, review of David Rogers Webb's "The Great Taking", try this review:


The Great Taking: Have the global elite devised an elaborate plan to take everything we own? (https://expose-news.com/2023/10/06/global-elite-devise-plan-to-take-everything-we-own/)

[ThePythonicCow]

.
In this two and a half hour long video conference with several other insightful commentators, David Rogers Webb provides more insight into his thinking, where we (humans) are at, and the risks and challenges we face.

Webb speaks a few times, first beginning at the 9:06 mark, and last ending at the 1:13:25 mark. That 1 hour 7 minutes may well be worth the listen, even if one doesn't have time for the entire conference.

https://rumble.com/v3tywu9-dr-gerry-brady-david-rogers-webb-mads-palsvig-and-alex-krainer.html

[ThePythonicCow]

.
The fundamental insight I have gained from listening to and reading Webb these last couple of days:

The primary cause of people's difficulties in the Great Depression of the earlier 1900's was not so much excess money "printing", often in the form of hyped up stock market profits.

Rather the primary problem is the repossession of the collateral (homes, businesses, and farms), and savings backing the excessive lending it encouraged.

If this unfolds as intended, then the primary cause of people's difficulties in the Greater Depression being cooked up for us in the BIS, WEF and other less well known debt-money kitchens from hell will be the repossession of the underlying real capital, our homes, businesses, farms and savings, for those are the real collateral upon which this entire Babylonian Tower of Debt and Derivatives is built.

Simple lending and borrowing, and even "money printing", might not be such a problem.

But "money printing" is a misnomer, a slight of hand. Money in a debt-money system, such as ours, is lent into existence, not simply printed (or typed into a screen). Such loans, when they are not de-facto money laundered bribes, are "backed by" collateral ... our homes, businesses, and farms. This collateral, along with our bank and investment savings, provides the base for a hyper-financialized economy.

The serious problem comes when that collateral and savings are repossessed.

But that collateral (your home, business or farm) is not at risk of being repossessed just because you couldn't make payments on that loan and your savings are not just at risk because you held more than the insured FDIC deposits in an isolated failed bank.

That collateral (your home, business or farm) and your savings can also be repossessed by the counter party of a derivative clearing house holding a derivative of a derivative of a securitized bundle of many such loans that happens to include the loan you took out, using your home, business or farm as collateral.

"They" have built the greatest Babylonian Tower of Debt and Derivatives ever built by (or at least on top of) humanity, and when that Tower collapses, as it was designed to do, then our homes, businesses, farms and savings are the ground floor of that Tower. It all comes tumbling down upon us, repossessing our property and savings.

If this goes down as "they" have planned, then we will all end up owning nothing, and being too shell shocked to know if we're happy or not.

[ThePythonicCow]

One more post on David Rogers Webb "The Great Taking", hopefully my last.

Ellen Brown, a long time author on financial issues, provides the clearest, and in technical financial terms, most accurate, summary of Webb's book that I've seen yet.

Consider "The Great Taking": How They Plan to Own It All (https://www.unz.com/article/the-great-taking-how-they-plan-to-own-it-all/).

[Vangelo]

...
the laws in every nation to make the custodians of financial assets, not the depositors, the primary recipient of all assets of a failed counter-party institution, with immediate and legal certainty, whenever that counter-party goes bankrupt. The precedent for this was sealed in case law when Goldman Sachs and JP Morgan scooped up the assets of AIG and Lehman, during the financial crisis of 2008.
...
This whole thing is terrifying...

What I don't understand about this however is why the largest banks did not lobby to have those laws changed back to the way it was unless of course, they are also the owners of the clearinghouses.

[ThePythonicCow]

unless of course, they are also the owners of the clearinghouses.
It's a big club, but we're not in it.

However, I'd wager that Jamie Dimon figures he's a member in good standing ...

On the other hand, Jamie just started selling his JP Morgan stock, apparently for the first time ever, so maybe he's covering his options.

[shaberon]

Yes, this modern version is atrocious, but let us remember there are thousands of records showing the solution was employed in Babylon (https://www.prosper.org.au/2010/07/history-of-debt-and-property-from-the-ancient-east/):



An important role of palace rulers, for instance, was to prevent interest-bearing debt – and subsequent foreclosure, especially by palace revenue collectors – from stripping away the citizenry’s basic means of self-support. Royal “clean slates” preserved economic solvency by annulling agrarian “barley” debts (but not commercial “silver” debts), reversing land forfeitures and freeing debt pledges from bondage. This meant that indebted citizens could lose their liberty and self-support lands only temporarily.

The Near East thus managed to avert the debt problem that plagued classical antiquity. Although debt forced war widows and orphans into dependency and obliged the sick, infirm or others to pledge and then lose their land’s crop rights to creditors at the top of the economic pyramid, such forfeitures were limited to merely temporary duration (viz. the Jubilee Year of Leviticus 25 and its Babylonian antecedents). But they became permanent in Greece and Rome, reducing much of the population to the status of bondservants and unfree dependents.

This is primarily what distinguishes the Greek and Roman oligarchies from the Near Eastern mixed economies. It proved much easier to cancel debts owed to the palace and its collectors in Mesopotamia than to annul debts owed to individual creditors acting on their own in classical times.

Debt was the lever that made the land transferable in traditional societies, which usually had restrictions to prevent self-support land from being alienated outside of the family or clan. (Hudson and Levine 1999 gives examples.) By holding that the essence of private property is its ability to be sold or forfeited irreversibly, Roman law removed the archaic checks to foreclosure that prevented property from being concentrated in the hands of the few. In practice, this Roman concept of property is essentially creditor-oriented, and quickly became predatory.

Wealthy Greek and Roman families controlled handicraft production, trade and credit directly rather than coordinating these activities via the temples and palaces. Yet classical antiquity’s aristocratic attitude viewed commercial enterprise as demeaning and corrupting. The details of trade and enterprise typically were left to outsiders or to slaves and other subordinates acting as on-the-spot managers, organizers and middlemen.

Most enterprising individuals were drawn from the bottom ranks of the social scale, typified by the fictional but paradigmatic freedman Trimalchio in Petronius’s comedy dating from the time of Augustus. “The greater a man’s dignitas,” D’Arms (1981:45) has pointed out, “the more likely that his involvement [in business] was indirect and discreet, camouflaged behind that of an undistinguished freedman, – client, partner, ‘front man,’ or ‘friend,’” and leaving management of their affairs to slaves or other subordinates.

Although we might expect Romans at the high end of the economic spectrum to have enormous personal fortunes corresponding to the city-state’s great riches (parasitic as these may have been), Heichelheim (1970:125) notes that its leading families spent beyond their means, running up catastrophic debts in their drive for status and power. This behavior “finds no analogy at the time of the Golden Age of Greece either among private individuals or among princes.”

In light of this longue durée, the problem for economic historians is to explain why commerce and enterprise yielded to a Dark Age. What stifled enterprise thousands of years after the Near Eastern takeoff? For a century the culprit was assumed to be state regulation. But, it was the temples and palaces of Sumer and Babylonia that first introduced most basic commercial innovations, including the first formal prices and markets. The collapse of antiquity can be traced more to oligarchies capturing the state and dismantling the checks and balances that had kept economies in the Near East from polarizing to so fatal an extent between creditors and debtors, patrons and their clients, free men and slaves.

The ascent of Rome saw laws become more creditor-oriented and property appropriations more irreversible, while the tax burden was shifted increasingly onto the lower orders.



There are actually considerably fewer records from Rome, which means we have to think why Everything is wrong (https://michael-hudson.com/2018/11/everything-you-thought-you-knew-about-western-civilization-is-wrong/):



...twenty-first century globalists, have been morally blinded by a dark legacy of some twenty-eight centuries of decontextualized history. This has left us, for all practical purposes, utterly ignorant of the corrective civilizational model that is needed to save ourselves from tottering into bleak neo-feudal barbarism.

This corrective model actually existed and flourished in the economic functioning of Mesopotamian societies during the third and second millennia B.C. It can be termed Clean Slate amnesty...

...amargi and níg-si-sá in Sumerian, andurārum and mīšarum in Akkadian (the language of Babylonia), šudūtu and kirenzi in Hurrian, para tarnumar in Hittite, and deror (דְּרוֹר) in Hebrew: It is the necessary and periodic erasure of the debts of small farmers — necessary because such farmers are, in any society in which interest on loans is calculated, inevitably subject to being impoverished, then stripped of their property, and finally reduced to servitude (including the sexual servitude of daughters and wives) by their creditors, creditors. The latter inevitably seek to effect the terminal polarization of society into an oligarchy of predatory creditors cannibalizing a sinking underclass mired in irreversible debt peonage.

In ancient Mesopotamian societies it was understood that freedom was preserved by protecting debtors. In what we call Western Civilization, that is, in the plethora of societies that have followed the flowering of the Greek poleis beginning in the eighth century B.C., just the opposite...

For us freedom has been understood to sanction the ability of creditors to demand payment from debtors without restraint or oversight. This is the freedom to cannibalize society. This is the freedom to enslave. This is, in the end, the freedom proclaimed by the Chicago School and the mainstream of American economists.

Any and every revolution that we wage, no matter how righteous in its conception, is destined to fail.

The true roots of Western Civilization lie not in the Greek poleis that lacked royal oversight to cancel debts, but in the Bronze Age Mesopotamian societies that understood how life, liberty and land would be cyclically restored to debtors again and again. But, in the eighth century B.C., along with the alphabet coming from the Near East to the Greeks, so came the concept of calculating interest on loans. This concept of exponentially-increasing interest was adopted by the Greeks — and subsequently by the Romans — without the balancing concept of Clean Slate amnesty.

So it was inevitable that, over the centuries of Greek and Roman history, increasing numbers of small farmers became irredeemably indebted and lost their land. It likewise was inevitable that their creditors amassed huge land holdings and established themselves in parasitic oligarchies. This innate tendency to social polarization arising from debt unforgiveness is the original and incurable curse on our post-eighth-century-B.C. Western Civilization, the lurid birthmark that cannot be washed away or excised.

For centuries English-speakers have recited the Lord’s Prayer with the assumption that they were merely asking for the forgiveness of their trespasses, their theological sins: “… and forgive us our trespasses, as we forgive those who trespass against us….” is the translation presented in the Revised Standard Version of the Bible. What is lost in translation is the fact that Jesus came “to preach the gospel to the poor … to preach the acceptable Year of the Lord”: He came, that is, to proclaim a Jubilee Year, a restoration of deror for debtors: He came to institute a Clean Slate Amnesty (which is what Hebrew דְּרוֹר connotes in this context).

So consider the passage from the Lord’s Prayer literally: … καὶ ἄφες ἡμῖν τὰ ὀφειλήματα ἡμῶν: “… and send away (ἄφες) for us our debts (ὀφειλήματα).” The Latin translation is not only grammatically identical to the Greek, but also shows the Greek word ὀφειλήματα revealingly translated as debita: … et dimitte nobis debita nostra: “… and discharge (dimitte) for us our debts (debita).” There was consequently, on the part of the creditor class, a most pressing and practical reason to have Jesus put to death: He was demanding that they restore the property they had rapaciously taken from their debtors. And after His death there was likewise a most pressing and practical reason to have His Jubilee proclamation of a Clean Slate Amnesty made toothless, that is to say, made merely theological: So the rich could continue to oppress the poor, forever and ever. Amen.



Judaism or Jesus, you can find the same message as the Babylonian. Same thing. Why might Jews be notorious for rebelling against the Romans?

To put it more blandly and Encyclopedicly (https://www.encyclopedia.com/history/news-wires-white-papers-and-books/justice-and-reform):



In order for a Mesopotamian monarch to fulfill his duty to the gods to shepherd his people properly, he was expected to bring about reform of abuses. Some rulers considered themselves reformers when they declared in royal pronouncements that they would fashion laws to make society more just and equitable. These kings maintained that they had a religious obligation as a trustee of their deity to protect their people and restore order so that the strong would not oppress the weak; widows and orphans would be cared for; and the poor would be released from their debts. The earliest attested reform document was issued by Uru’inimgina of Lagash, circa 2400 b.c.e. During the Old Babylonian period (circa 1894 - circa 1595 b.c.e.), some kings are known to have declared that, as the gods’ trustee, they would restore order by reducing burdensome debt. In the prologue to his laws, Hammurabi (circa 1792 - circa 1750 b.c.e.) stated that as the “pious prince, who venerates the gods,” he had a duty “to make justice prevail in the land, to abolish the wicked and the evil, to prevent the strong from oppressing the weak.” He also claimed that he quelled rebellion, guided his people, established justice, and enhanced the well-being of his people. The ruler who claimed to have instituted equity called himself a shar mesharim, “king of justice.”

During the Old Babylonian period, the king might issue periodic decrees that attempted to redress domestic economic problems and thereby proclaim himself to be a reformer who restored justice to the land. These releases, called mesharum-edicts, were issued at the king’s accession or irregularly on an as-needed basis during the king’s reign. The main focus of such edicts was to cancel existing debts, mainly agricultural loans. They provided relief for debtors bound into servitude, annulment of the debtor’s sale of his property to pay off arrears, and cancellations of various unpaid land taxes and outstanding non-commercial loans.

The tenth ruler of the First Dynasty of Babylon, Ammi-saduqa, who ruled circa 1646 - circa 1626 b.c.e., issued a reform edict that included many provisions referring to the cancellation of debts, a royal tradition that dated back to about 2400 b.c.e.., when king Uru’inimgina of Lagash canceled obligations resulting from nonpayment of debt and slave status resulting from punishment for theft or murder. Ammi-saduqa’s edict freed only citizens from debt obligations.


The same principle is evident in all the oligarchical history, interest is interesting but the real passion is to collect collateral.

That is why Europe was horrified by Thomas Paine and the American Revolution--and subsequently Europe received "nominal" revolutions which merely pushed kings aside and let banks ensconce themselves in protective legislation. Eventually, of course, the favor was extended as the Federal Reserve System.

Sure, all of our efforts and complaints will fall useless as long as we assert Constitutions that give credence to the parasitic class, who would prefer you not to be able to believe that their nefarious machinations can be whisked away by the wave of a magic wand. That "wand" is the pen of the legislator, or autocrat or tyrant if need be.

It would be preferred for you to have a theological Jesus based on things he never said, thinking that is extremely important, while going around oblivious to the basics available in Leviticus or the Lord's Prayer.

There are two alternatives to not following that advice:


Revolution or Collapse


We are too opiated to accomplish a Revolution, so this is almost a done deal.

I would not be the least surprised if next you will lose "your" stuff to some third-party counterclaim over a fourth party's bad note that happens to be stuck to the institution you are dealing with. This Debt is Immortal, bigger than you are, Property is Eternal, you are a useless eater.

According to theory.

Again, reviewing the history, these people cannot do anything except tell you what to do--"My Slave is my Manager".

Complete incompetents.

Not all that smart either.

Just having resources and the advantage of authority.

It is why Islam (https://www.jubileeusa.org/faith/islamic-resources/the-quran-and-jubilee-justice.html) says Jews and Christians do not understand properly:



The Qur'an encourages debt cancellation whenever a debtor is unable, due to his particular circumstances, to repay the debt: "and if (the debtor) is in difficulty, then (there should be) postponement until (he is) at ease, but that you should give it as charity is (even) better for you, if you knew." (2:280)


That completes multi-polar resistance against Fascism.

It is in any Abrahamic or pagan creed.

But, when in Rome.

From what I can recall, it would be accurate to say that Greece was a back-and-forth on this, some rulers had mercy and other times there were arisings of "Patricians". In actuality, throughout these cultures it is the definition of Good and Evil. A government's job is to protect us from the predators.

True, I think such a class tries to take effect in any culture wherever possible. That is why we can find a variety of reactions to it. We could write all the relevant quotes on an olive branch and show it to an atheist and see if they thought it was at least good advice. No particular theology is necessary for it.

This is primarily the way to protect adequate subsistence in an Agricultural Economy.

Removing an arbitrary and fictitious method of depriving you.

It doesn't answer every issue, but yes, it is all about some debt and collateral.

Nothing much I can personally do on a legal basis, but, on a popular level, it can be shown to anyone perhaps in their own scripture, or at least historically.

[Vangelo]

Thank you ThePythonicCow for bringing this to light and shaberon for boiling the issue down to it's essence i.e. debt. I guess the only solution is to get out of all debt and stuff you mattress with gold and silver or possibly even having bitcoin in a hardware wallet.

[mountain_jim]

My thinking is that before everyone still holding a mortgage has their property seized through no fault of their own, the citizens rise up and overthrow this system, and hang those in charge of The Great Taking.

(and I do have side bets in Bitcoin, Gold, and Silver, though (sadly) not a great enough amount of metals personally and physically in my possession - my thinking was as the dollar collapses but while the 'system' is still somewhat functioning that these other investments would grow against the value of the dollar so much that my remaining mortgage on my mountain land/home would get paid in full.)

[ThePythonicCow]

Your comments and quotes from Michael Hudson, et al, have overturned my long standing understanding of our financial history, shaberon. Thanks!

[ThePythonicCow]

.
In Michael Hudson's recent commentary on the Ukraine War (https://www.youtube.com/watch?v=rPib_bhpwJk), he observes that the Draconian sanctions "against Russia" that the U.S. imposed were a move against European and Russian prosperity, outside of the realm of the "West" (the Greco-Roman-British-American empire, to rephrase, or perhaps misstate, shaberon's observations, above).

Going apparently off-topic, Tom Luongo of Gold Goats 'n Guns (https://tomluongo.me/2022/04/07/sofr-v-libor-missing-something-fed-policy-error/) has observed over the last year that Fed Chair Jerome Powell is on a mission to destroy European banking, by such means as driving up interest rates, replacing LIBOR with SOFR, drying up the EuroDollar markets, and ensuring the his Federal Reserve and their patrons in the major U.S. banks are the last one's standing in the ongoing collapse of the world's dollar based monetary system.

Seemingly even further off-topic, Ben Davidson of Suspicious Observers (https://suspicious0bservers.org/about-faq/) has been providing quite substantial evidence that we're coming into a major crisis of the earth (and solar system) with solar micro-novas, a major reset of the earth's magnetic field and a massive (perhaps 90 degree) shift of the earth's crust, that will wipe out our modern infrastructure, industry and internet, drive many species into extinction, and devastate our civilization.

In Post #162 of my Money Masters thread (https://projectavalon.net/forum4/showthread.php?116122-The-Money-Masters-Crises-of-war-plague-and-hunger-Total-central-real-time-control-of-all-money.&p=1586075&viewfull=1#post1586075), I observe that Russia has the people, resources, and location to be well suited to surviving the coming disaster that Ben Davidson warns us of, better than perhaps any other nation or people.

In Post #1195 of the Geomagnetic Reversals thread (https://projectavalon.net/forum4/showthread.php?107798-Geomagnetic-Reversals-and-Ice-Ages&p=1586237&viewfull=1#post1586237), Bluegreen posts Ben Davidson's video reporting that "They Know About The Disaster"; the deep state knows that a Geomagnetic Reversal is coming over the next few, all too few, decades.

... yes ... they know ... and they must level Russia before the solar system's geomagnetic reversal levels them, lest Russia and its people, who have been perhaps the most resistant to the tyranny of the "West", come out on top after the Geomagnetic Reversal, with Russia having so many advantages. "They" must crush Russia and the Russian people and all who would engage in mutually profitable trade with them, and "they" are running out of time..

Perhaps that's why "they" seem to be in such a hurry. They know that their ride, on this space ship we call earth, risks coming to a brutal end in another decade or three.

[mountain_jim]

was not sure if this appears above, or even belongs in this thread - just becoming aware of Hudson - Dave Collum reposted this today so making the rounds

https://x.com/iluvtheater/status/1726375131537178823?s=20https://x.com/iluvtheater/status/1726375131537178823?s=20

1726375131537178823


15BvHPdpN6M


26,443 views Sep 11, 2018
Michael Hudson interview for Michael Oswald's documentary "The Spider's Web".


Michael Hudson is a former Wall Street analyst and consultant, he is a Professor of Economics at the University of Missouri. He is one of the world's leading economists and acts as an economic advisor to governments worldwide.

www.michael-hudson.com

Watch The Spider's Web Documentary:

• The Spider's Web: Britain's Second Em...

[ThePythonicCow]

That led me to another PeakProsperity page, that went up just a couple of days ago, in which Chris Martenson interviews David Rogers Webb himself: The Great Taking with David Rogers Webb – Part 1 (https://peakprosperity.com/the-great-taking-with-david-rogers-webb-part-1/).


Here's the second part of David Webb's interview with Chris Martenson of Peak Prosperity. It's a good chance to watch Webb in an informed discussion with an experienced interviewer.


The Great Taking w/David Rodgers Webb - Prt2 (https://rumble.com/v3xtz70-the-great-taking-wdavid-rodgers-webb-prt2.html)

[ThePythonicCow]

I am starting to have a different take on The Great Taking, wherein we learned that most all financial assets are held by, or leveraged by, the smallest number of central authorities.

I don't think that this means that "they" do, or do not, "take" what we think of as our property. They might take it. It probably depends on who gets the final upper hand.

But either way, such pooling of assets is essential. The current system is a termite infested tower of Babylon. It must come down. There is no possible way to fairly decide who gets what, in such manner as might happen in a local, well run, bankruptcy proceeding or amicable divorce. The few big shots on the winning side (where we don't even know what the sides are) will get to call the shots.

What will matter is where we're at after the dust settles.

What David Rogers Webb has shown us here is that the big shots understand this, and have understood this for decades. They know they will have to gather up all the cards and determine who gets what. The claims on "actual stuff" are leveraged a couple of orders of magnitude above the actual stuff in play. It's an incomprehensible mess, I presume by intent. Perhaps some anti-human entities are thinking of humanity like a herd of cattle being driven to the slaughter, and so a "biblical scale" collapse is intended.

Once debt-money systems become sufficiently pervasive that there is not enough "real" substance remaining outside them to support their parasitic nature, then such systems can only but engage in a life-or-death struggle between the debt money masters and their host, our monetizable human activity and materials.

[Vangelo]

I am starting to have a different take on The Great Taking ...

I don't think that this means that "they" do, or do not, "take" what we think of as our property. They might take it. It probably depends on who gets the final upper hand...

What will matter is where we're at after the dust settles.
...
I have concluded from the book that the laws that preserved my ownership of my assets have either been changed or they have been neutered so that other stakeholders have equal or better standing. What we have lost is the near guarantee that our claim took primary precedence over all other claims.

The other thing Webb said is there is no way to protect your assets from this risk once you place it into the financial system.

My thinking on this is as follows, getting out of debt is the main thing to do if you want to protect yourself from any claims for instant repayment or forfeiture of any collateral (such as your house on a mortgage). But lets presume we hit this collapse after you have already paid off your mortgage. The value of your mortgage free house will drop significantly, yet your tax bill and your utility bills continue. Your savings aren't available to pay the tax or utility bills because they are stuck in this juggernaut of legal claims against them so they now take ownership of the house. This is why Webb has concluded their is no way out and everyone is impacted.

[ThePythonicCow]

Well said, Vangelo.


yet your tax bill and your utility bills continue.

If you're over 65, move to Texas. No income tax, and they can't take your primary residence for lack of paying property taxes. The best they can do is put a lien on your home, to be collected from your estate after you die. Not perfect, but beats dying homeless.

Also energy rates are nice and low down here. The rates are probably not as good as some Middle Eastern oil countries, but they are certainly better than most "blue" (liberal) states in the U.S.

[ThePythonicCow]

I have concluded from the book that the laws that preserved my ownership of my assets have either been changed or they have been neutered so that other stakeholders have equal or better standing. What we have lost is the near guarantee that our claim took primary precedence over all other claims.

The other thing Webb said is there is no way to protect your assets from this risk once you place it into the financial system.

As I think about your fine reply a bit more ... I realize that I got something different from Webb's book.

I intuitively realized perhaps a couple of decades ago that my legal standing as owner of any real estate, any property such as a car used as collateral for a loan, and any investment or deposit or insurance instruments made with or "promised by" any entity (corporate, government or any other institution that could afford more lawyers than I could) was compromised.

I have successfully spent the last couple of decades disentangling myself from all such as much as practical, and am prepared to live with no more physical or monetary assets than what I have physically at hand.

Webb's book, regarding such things as the (lack of) undisputed ownership of debt burdened property such as our homes and cars, was for me more a case of letting the "gold debt-money handcuffs" catch a glimmer of light, than a revelation of any substantive change in that status.

What Webb's book did reveal to me was the consolidated, multi-decade, world-wide consolidation of various financial derivatives, and of the power to settle disputes involving such derivatives during a bankruptcy of any of the involved parties by means of attaching underlying real assets.

The top dogs (whomever they are) have known for (at least) decades that this exponentially expanding Babylonian Tower of financial artifice would come eventually collapse, and as now well documented by Webb, they have made the rules of the game crystal clear: the Big Dog(s) at the table get to decide how the real assets get divvied up, when the game ends. Us little folks will have to wait for that game to end to find out how the winning Big Dogs choose to treat us, at which point, we will each individually get to decide how supportive, compliant, or rebellious we will choose to be. Perhaps most people will be allowed to continue under the illusion that they own their financed car or mortgaged house or retirement savings, or perhaps they will be disillusioned of such expectations, or perhaps, mirabile dictu, we ordinary people will actually become the principle legal owners of what we already thought was ours.

[Vangelo]

...

I intuitively realized perhaps a couple of decades ago that my legal standing as owner of any real estate, any property such as a car used as collateral for a loan, and any investment or deposit or insurance instruments made with or "promised by" any entity (corporate, government or any other institution that could afford more lawyers than I could) was compromised.

I have successfully spent the last couple of decades disentangling myself from all such as much as practical, and am prepared to live with no more physical or monetary assets than what I have physically at hand.

Webb's book, regarding such things as the (lack of) undisputed ownership of debt burdened property such as our homes and cars, was for me more a case of letting the "gold debt-money handcuffs" catch a glimmer of light, than a revelation of any substantive change in that status.

What Webb's book did reveal to me was the consolidated, multi-decade, world-wide consolidation of various financial derivatives, and of the power to settle disputes involving such derivatives during a bankruptcy of any of the involved parties by means of attaching underlying real assets.


Excellent summation and I envy your foresight.



The top dogs (whomever they are) have known for (at least) decades that this exponentially expanding Babylonian Tower of financial artifice would come eventually collapse, and as now well documented by Webb, they have made the rules of the game crystal clear: the Big Dog(s) at the table get to decide how the real assets get divvied up, when the game ends.
...
It seems that the number of Top Dog(s) is truly very small because the 'typical' power broker, politician, and billionaire will also be wiped out.

Having said that, however, there is an alternative perspective i.e., there really isn't a very small group of puppeteers manipulating everyone. Instead, this fragile house of cards was built haphazardly by very short sighted, greedy bastards trying to get the top position. They did not care to check to see if their actions were undermining the foundations of the entire financial system. All they could see was a way to put their claim on top of the pile.

In either case, it seems the deed has been done. Everything is in place, the house of cards has been built, and like the World Trade Center, the explosives have already been installed. What will be the trigger and when?

Webb believes this can be rectified if enough of the power brokers, politicians, and billionaires get involved and cause change. Unfortunately, I am not so optimistic.

[Satori]

I believe that there is a “one percent of the one percent” at the top of the pyramid and they know exactly what they are doing and know, to a very high degree of probability, what the outcome will be. They are orchestrating the outcome in myriad ways that benefit none but themselves. They believe, and they are likely correct, that they and/or their progeny will survive the inevitable global crash of the global financial system and will pick up the pieces and carry on with their plenary global power and control.

[ThePythonicCow]

Unfortunately, I am not so optimistic.
Yeah - it (this Satanic Tower of Babylon) is coming down. I agree with you on that. My biggest concern for the last few years has not been that it would come down, but that it wouldn't.

Whether or not that ends up being really bad for humanity, or for each of us individually, remains to be seen. We do each have a say in our own being and destiny. May our spirit, one and all, grow ever stronger.

[ThePythonicCow]

They believe, and they are likely correct, that they and/or their progeny will survive the inevitable global crash of the global financial system and will pick up the pieces and carry on with their plenary global power and control.
In my estimation, they know not how to believe, and they are likely, sooner or later, to utterly fail. Perhaps not in our lifetimes, but eventually, they will be swept into the dustbin of history. May our spirit continue to blossom.

[mountain_jim]

https://x.com/WallStreetSilv/status/1732006906212819265?s=20

1732006906212819265

[ThePythonicCow]

.
Bill Holter, in this excellent discussion on Jean Claude's Beyond Mystic, with Bix Weir and Andy Schectman, discusses David Rogers Webb's "The Great Taking" , starting at the 25:00 mark and Bix Weir also gives "The Great Taking" a nod, at the 32:00 mark.


HOW TO TRANSACT WHEN THE BANKS COLLAPSE! WITH BILL, BIX & ANDY (Rumble) (https://rumble.com/v3z72zm-how-to-transact-when-the-banks-collapse-with-bill-bix-and-andy.html)

[ThePythonicCow]

.
Aha - here is an excellent, hour+ long documentary, narrated by David Rogers Webb himself, that presents his case, places it in historical context, and shines a light on the path forward.

dk3AVceraTI
It's well worth a listen.

[mountain_jim]

Maybe only tangentially related, but JPMorgan's CEO does not want you investing outside of areas they can control.

His lies in this short video ticked me off.

And of course it's crypto attacker Elizabeth Warren getting this 'testimony'.

https://x.com/disclosetv/status/1732448580852392299?s=20

1732448580852392299


updated with this rejoinder.

https://x.com/lopp/status/1732485667949560228?s=20

1732485667949560228

[DSKlausler]

From the book:
"Let’s say that you have purchased an automobile for cash. Having
no debt against the vehicle, you believe that you now own it outright.
Despite that, the auto dealer has been allowed by a newly invented
legal concept to treat your car as his asset, and to use it as collateral to
borrow money for his own purposes. Now the auto dealer has become
bankrupt, and your vehicle along with all of the others sold by the
dealer are seized by certain secured creditors of the dealership, with
no judicial review being necessary, as legal certainty was previously
established that they have absolute power to take your car in the event
of the bankruptcy of the dealer."

It is early in the text, so maybe that is clarified, but I find that extremely hard to believe. So, what, the Dealer's creditor ultimately sends the Repo or the Sheriff to confiscate my vehicle?

[ThePythonicCow]

From the book:
"Let’s say ... Now the auto dealer has become bankrupt, and your vehicle along with all of the others sold by the dealer are seized by certain secured creditors of the dealership ..."

It is early in the text, so maybe that is clarified, but I find that extremely hard to believe. So, what, the Dealer's creditor ultimately sends the Repo or the Sheriff to confiscate my vehicle?

Ah - yes - that was confusing.

It's clarified just a bit further on, when David Webb states:


Now, to be clear, I am not talking about your car! I am illustrating the horror and simplicity of the lie: You are led to believe that you own something, but someone else secretly controls it as collateral. And they have now established legal certainty that they have absolute power to take it immediately in the event of insolvency, and not your insolvency, but insolvency of the people who secretly gave them your property as collateral. It does not seem possible. But this is exactly what has been done with all tradable financial instruments, globally! The proof of this is absolutely irrefutable. This is wired to go now.

In other words, Webb was NOT saying that your bought and paid for car would literally be taken.

Rather Webb was using that outrageous scenario as a way of getting more readers to recognize just how outraged they will be when the real takings go down. The real takings will be this outrageous, albeit less readily understood by many who less well versed in the financial laws being setup.

[DSKlausler]

From the book:
"Let’s say ... Now the auto dealer has become bankrupt, and your vehicle along with all of the others sold by the dealer are seized by certain secured creditors of the dealership ..."

It is early in the text, so maybe that is clarified, but I find that extremely hard to believe. So, what, the Dealer's creditor ultimately sends the Repo or the Sheriff to confiscate my vehicle?

Ah - yes - that was confusing.

It's clarified just a bit further on, when David Webb states:


Now, to be clear, I am not talking about your car! I am illustrating the horror and simplicity of the lie: You are led to believe that you own something, but someone else secretly controls it as collateral. And they have now established legal certainty that they have absolute power to take it immediately in the event of insolvency, and not your insolvency, but insolvency of the people who secretly gave them your property as collateral. It does not seem possible. But this is exactly what has been done with all tradable financial instruments, globally! The proof of this is absolutely irrefutable. This is wired to go now.

In other words, Webb was NOT saying that your bought and paid for car would literally be taken.

Rather Webb was using that outrageous scenario as a way of getting more readers to recognize just how outraged they will be when the real takings go down. The real takings will be this outrageous, albeit less readily understood by many who less well versed in the financial laws being setup.

Yes, I get that... got that. Poor choice of analogy, in my opinion, because that would NOT happen. Even as fraudulent as a "Certificate of Title" may really be, THAT piece of paper is even presumed to be legitimate by today's keystone kopps.

~~~

I watched the hour long YouTube with Webb handling the voice-over. Just a restatement of the material in the book. As he states: many of the filthy rich know not what is coming. I have always said to Wifey: "When my 401(k) and IRA magically disappear, everyone else's do as well. Along with 'money' of course."

~~~

Can you imagine the mayhem that will follow? What's the current guesstimate, 400 million guns in this country?

[amor]

To the Pythonic Cow: Happy Birthday!

I live in a homestead exemption state, FL. Does that give me the same protection against homelessness as it does in Texas? Even if it does now, what good does that do if the Legislative Thugs can write that law off the books when you need it most? (problem number one) Next: If they cancel our currency, which is their statement of intention, in favor of digital currency which is 100% dependent upon whether you TAKE THE VAX, their obvious intention is not just to steal your property away from you, but ALSO TO TAKE YOUR LIFE AWAY.

According to a male Russian child, who died at age 11 and was gifted (by God) with the detailed prophecy of our soon future, it would appear that the stated PLOT of the GLOBALIST NWO GANG is to INCREMENTALLY KILL US ALL AND TAKE THE PLANET FROM "THE USELESS EATERS," my words framing the conclusion.

[ThePythonicCow]

To the Pythonic Cow: Happy Birthday!
Thanks!


I live in a homestead exemption state, FL. Does that give me the same protection against homelessness as it does in Texas?
I know neither the details of Florida laws, nor of your particulars. I'll have to leave that question in your good hands.


Even if it does now, what good does that do if the Legislative Thugs can write that law off the books when you need it most? (problem number one)
When there are enough people who will robustly reject such assaults, then the elite bastards are constrained in how far they can go. When one has lived one's life well, adapting to a diversity of circumstances, then one can look forward to more such challenges, so that one can gain yet more understanding and awareness of the higher orders of life, and further refine the particulars of practical living in this life.


Next: If they cancel our currency, which is their statement of intention, in favor of digital currency which is 100% dependent upon whether you TAKE THE VAX, their obvious intention is not just to steal your property away from you, but ALSO TO TAKE YOUR LIFE AWAY. ... it would appear that the stated PLOT of the GLOBALIST NWO GANG is to INCREMENTALLY KILL US ALL AND TAKE THE PLANET FROM "THE USELESS EATERS," my words framing the conclusion.
As Elon Musk said recently to Disney, I would say to those elite bastards and their evil plans -- "Go F yourself!"

Sometimes great good comes from grave challenges ... may this be one of those times.

[Bill Ryan]

To the Pythonic Cow: Happy Birthday!Thanks!https://avalonlibrary.net/Bill/Live_Long_and_Prosper.jpg

:highfive:

[DSKlausler]

OK, finished up the book. (Like many of you, my reading list is multi-task and never-ending).

Dave, the author, is shocked... this Dave is not - my usual anger at the inhumanity of it all.

Basic plan remains: land (even if taxed) holding [self-propagating] trees and herbivores. Grow perennial greens. Wood for heat and shelter. Animals for food. A local well. Harder life, but I'm up for it.

[mountain_jim]

ZH coverage of this book/video today

https://www.zerohedge.com/geopolitical/intentional-destruction-first-covid-now-comes-great-taking

Intentional Destruction: First COVID, Now Comes "The Great Taking"

BY TYLER DURDEN
SATURDAY, DEC 16, 2023 - 10:30 AM
Authored by Matthew Smith via Doug Casey's Take substack, (https://dougcasey.substack.com/p/intentional-destruction)

The Great Depression was a well-executed plan to seize assets, impoverish the population, and remake society. What comes next is worse...
A recent book by David Webb sheds new light on exactly what happened during the Great Depression. In Webb’s view, it was a set up.

Webb is a successful former investment banker and hedge fund manager with experience at the highest levels of the financial system. He published The Great Taking a few months ago, and recently supplemented it with a video documentary. Thorough, concise, comprehensible and FREE. Why? Because he wants everyone to understand what’s being done.

The Great Taking describes the roadmap to collapse the system, suppress the people, and seize all your assets. And it includes the receipts.

https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2023-12-15_14-47-52.jpg?itok=5O4nsfQt

You Already Own Nothing

Webb’s book illustrates, among other things, how changes in the Uniform Commercial Code converted asset ownership into a security entitlement. The “entitlement” designation made personal property a mere contractual claim. The “entitled” person is a “beneficial” owner, but not the legal one.

In the event a financial institution is insolvent, the legal owner is the “entity that controls the security with a security interest.” In essence, client assets belong to the banks. But it’s much worse than that. This isn’t simply a matter of losing your cash to a bank bail-in. The entire financial system has been wired for a controlled demolition.

Webb describes in detail how the trap was set, and how the Great Depression provides precedent. In 1933, FDR declared a “Bank Holiday.” 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 disfavored institutions lost all of it, as well as anything they’d financed (houses, cars, businesses) that they now couldn’t pay for. Then, a few “chosen” banks consolidated all the assets in the system.

Centralization and Systemic Risk

As Webb shows, the cake has been baked for years. But this week came a sign it’s coming out of the oven. Last Monday, Bloomberg admitted that measures taken to ostensibly “protect the system” actually amplify risk.

In the wake of the 2008 financial crisis, G20 'leaders' mandated all standardized Over The Counter (OTC) derivatives be cleared through central counterparties (CCPs), ostensibly to reduce counter party risk and increase market transparency. The best known CCP in the US is the Depository Trust and Clearing Corporation (DTCC), which processes trillions of dollars of securities transactions each day.

Before 2012, OTC derivative trades were bi-lateral and counterparty risk was managed by parties to a transaction. When doing business directly with other firms, each had to make sure it was dealing with reliable parties. If they had a bad reputation or were not creditworthy, counterparties could consider them toxic and shut them out of trades. This, according to the wise G20 leadership, was too risky.

With the introduction of central clearing mandates, counterparty risk was shifted via CCPs away from the firms doing the deal to the system itself. Creditworthiness and reputation were replaced with collateral and complex models.

Brokers, banks, asset managers, hedge funds, corporations, insurance companies and other so-called "clearing parties" participate in the market by first posting collateral in the form of Initial Margin (IM) with the CCP. It's through this IM and a separate and much smaller Default Fund (DF) held at the CCP that counterparty risk is managed.

To ‘Mutualise’ Losses

Shifting risk from individual parties to the collective is a recipe for trouble. But, as explained in a recent report from the BIS, (https://www.bis.org/publ/qtrpdf/r_qt2312c.pdf) it's worse than that. The structure of CCPs themselves can cause "Margin Spirals" and "wrong-way risk" in the event of market turbulence.

In flight-to-safety episodes, CCPs hike margin requirements. According to the BIS,

"Sudden and large IM hikes force deleveraging by derivative counterparties and can precipitate fire sales that lead to higher volatility and additional IM hikes in so-called margin spirals."

We've already gotten a taste of what this can look like. Similar margin spirals "occurred in early 2020 (Covid-19) and 2022 (invasion of Ukraine), reflecting the risk-sensitive nature of IM models."

Government Bonds as a source of trouble

The second area of systemic risk is the dual use of government bonds as both collateral and as underlying assets in derivatives contracts. Volatility in the government bond market can lead to a demand for more collateral underlying the derivatives markets precisely when government bond prices are declining. Falling bond prices erode the value of the existing IM. Collateral demands skyrocket just as the value of current and would-be collateral is evaporating.

Again, the BIS:

Wrong-way risk dynamics appeared to play a role during the 2010–11 Irish sovereign debt crisis. At that time, investors liquidated their positions in Irish government bonds after a CCP raised the haircuts on such bonds when used as collateral. This led to lower prices of Irish government bonds triggering further haircuts, further position closures and ultimately a downward price spiral.

Designed to fail

The BIS doesn’t admit it, but Webb says the CCPs themselves are deliberately under-capitalized and designed to fail. The start-up of a new CCP is planned and pre-funded. When that happens, it’ll be the “secured creditors” who will take control of ALL the underlying collateral.

Once more, the BIS:

…to mutualise potential default losses in excess of IM, CCPs also require their members to contribute to a default fund (DF). As a result, CCPs are in command of large pools of liquid assets.

That “large pool of liquid assets” is the full universe of traded securities.

In a market collapse, the stocks and bonds you think you own will be sucked into the default fund (DF) as additional collateral for the evaporating value of the derivatives complex. This is “The Great Taking”.

Buffett’s famous line rings true: “You only find out who is swimming naked when the tide goes out.” Most of us are on the verge of learning that we’re the ones without any clothes.

If you haven’t read “The Great Taking” (https://thegreattaking.com/) or watched the documentary, I recommend you pour yourself a stiff drink and watch it now:

dk3AVceraTI

< more links at link >

ZH commenters always fun, I liked this one




1 hour ago
remove
Followed by the great flushing as the Earth flips over when the magnetic poles flip and the oceans wash over the continents.

[Vangelo]

ZH coverage of this book/video today

https://www.zerohedge.com/geopolitical/intentional-destruction-first-covid-now-comes-great-taking

Intentional Destruction: First COVID, Now Comes "The Great Taking"

BY TYLER DURDEN
SATURDAY, DEC 16, 2023 - 10:30 AM
Authored by Matthew Smith via Doug Casey's Take substack, (https://dougcasey.substack.com/p/intentional-destruction)

The Great Depression was a ...

Looks like more and more places are spreading the word. The same article is also published on the Discern Report (https://discernreport.com/intentional-destruction-first-covid-now-comes-the-great-taking/)

[norman]

Mike Adams joins the conversation.

Brighteon Broadcast News, Dec 18, 2023 - THE GREAT TAKING - How “they” plan to STEAL everything from everyone
Health Ranger Report

https://www.brighteon.com/97d7bbaf-1657-4c52-847c-aeb3d9ebdbd4

97d7bbaf-1657-4c52-847c-aeb3d9ebdbd4

[Bill Ryan]

A new article on Zero Hedge: :thumbsup:


https://zerohedge.com/news/2023-12-25/great-taking-ebook-and-documentary (https://www.zerohedge.com/news/2023-12-25/great-taking-ebook-and-documentary)

The Great Taking - Documentary and eBook

Everyone is talking about this for good reason. So here is the documentary and the eBook in one place. David Webb exposes the system Central Bankers have in place to take everything from everyone.


http://www.youtube.com/watch?v=dk3AVceraTI

THE GREAT TAKING E-BOOK

1.91MB ∙ PDF file Download (https://vblgoldfix.substack.com/api/v1/file/d53ff249-7b3e-49a5-8539-20b6d31a738d.pdf)

Printed versions of this text can also be ordered from Lulu.com (http://www.lulu.com) via


https://tinyurl.com/the-great-taking-paperback (https://tinyurl.com/the-great-taking-paperpack)
https://tinyurl.com/the-great-taking-hardcover

eBook Table of Contents


Prologue vii
I Introduction 1
II Dematerialization 6
III Security Entitlement 8
IV Harmonization 14
V Collateral management 23
VI Safe Harbor for Whom, and from What? 29
VII Central Clearing Parties 33
VIII Bank Holiday 40
IX The Great Deflation 55
X Conclusion 60
Appendix 66
References 97

Full Slide Deck PDF download here (https://vblgoldfix.substack.com/p/the-great-taking-ebook-and-video)

[Vangelo]

Another great assessment on the impact and possible remedies of The Great Taking from Catherine Austin Fitts and Dr. Joseph Mercola

The article gives a comprehensive review of the key messages from the video (video is below, at the end of the article).

The Great Taking
by Dr. Joseph Mercola January 7, 2024 in Conspiracy (https://discern.tv/the-great-taking/)


David Webb, a former hedge fund investor, has written a book called “The Great Taking,” as well as filmed a documentary by the same name. His book and film detail how the Federal Reserve influences financial markets, and how its money creation has outpaced economic growth of the U.S., which is a huge red flag indicating that the velocity of money is collapsing

Central bankers and other globalists have carefully planned the coordinated takedown of the financial system using highly sophisticated strategies, including the manipulation of derivative markets. Whatever securities you believe you may own, you’re not the actual owner of, and when the derivative markets collapse, everything can be taken from you

While Webb’s work raises serious concerns, there are other more pressing issues that need our attention. Priority No. 1 is ensuring we have control over our financial transactions. We need to help state legislators to protect financial transaction freedom

North Dakota has a sovereign state bank, and the Florida State Legislature is getting ready to introduce legislation for state banking in the state of Florida. All states need to do this, as it’s one of the primary ways to protect the financial freedom of all citizens

Priority No. 2 is building and securing food freedom, and No. 3 is transparency and education. We need to educate people about the severity of what’s coming, so that we can, en masse, begin to make different choices


(Mercola)—The video above features repeat guest Catherine Austin Fitts, a finance expert, and founder and president of the Solari Report. She’s one of the wisest persons out there when it comes to understanding finances and how to protect your wealth in the face of this global wealth transfer.

We also discuss the work of David Webb,1 a former hedge fund investor and a good friend of Austin Fitts. He has written a book called “The Great Taking,” available for free as a PDF from thegreattaking.com, as well as a documentary by the same name, available on CHD.TV, Rumble and YouTube.

Webb’s book and film detail how the Federal Reserve influences financial markets, and how its money creation has outpaced economic growth of the U.S., which is a huge red flag indicating that the velocity of money (the rate at which money is circulating through the economy) is collapsing. In short, a major financial depression is at hand, and when it all falls apart, we will lose everything.

A Financial Coup Is Underway
Webb reveals how central bankers and other globalists have, for at least five decades or more, carefully planned the coordinated takedown of the financial system using highly sophisticated strategies, including the manipulation of derivative markets.

Whatever securities you believe you may own, you’re not the actual owner of, and when the derivative markets collapse, everything can be taken from you. At the end of it all, you truly will “own nothing,” as predicted/promised by the World Economic Forum (WEF).

But there’s more. In her annual wrap-up, Austin Fitts reviews what she calls “many great takings,” because Webb only describes one of them. Wealth is also being stolen from us in dozens of other ways, and we need to understand them all if we are to protect ourselves with any amount of success.


“My focus is hugely on remedies, not problems,” Austin Fitts says, “and when it comes to remedies, you want to make sure you sequence your remedies against the enemy’s various tactics. So, sequencing is very, very important when it comes to remedies.

The important thing to understand about the great taking is that the World Economic Forum has told you what they’re planning: It’s 2030 and you have no assets. So the question is, exactly how are they going to strip you of your assets?

What David is talking about is stripping you of your securities, but you need to worry about far more than just your securities. You need to worry about your bank, which he touches on and does a very good job of describing some of the history around banking. You have to worry about your real estate. You have to really worry about your precious metals and other currency alternatives.

You have to worry about your business and your local investments and then yes, you have to worry about your securities. David is focused on just securities, which is why we did this section called ‘The Great Taking’ that goes through everything.”

Top Three Priorities
While Webb’s work may raise serious concerns, there are other more pressing issues that need our attention. Priority No. 1, according to Austin Fitts, is ensuring we have control over our financial transactions. Her focus for 2024 is therefore to help state legislators in the U.S. to work with banks and citizens within its jurisdiction to protect financial transaction freedom.


“That’s where pushback is critical,” she says. “If they can get financial transaction control then they can take everything, and I mean, everything, including your children …

If you dive in and look at the terms and conditions that some of these payment gateways are asking for now … you’re giving them permission to go into your bank account and take everything. It’s frightening.

So, the No. 1 thing to remedy against is financial transaction control. If you go to Solari, we have something called a financial transaction freedom memo. Print it out and start looking at all the things you can do to protect yourself from somebody controlling your financial transactions.

If they get that, The Great Taking is on. They take everything — real estate, securities, everything. So first and foremost, don’t worry about your securities. Worry about your banking and your transactions.

The second Great Taking is … food and health. The push to control the food system is on because to control financial transactions, they also need to control food because, if you can get your food and energy outside the banking system, you can survive without their banking system. This is why we cannot allow a 100% digital financial system.

The third Great Taking I’m concerned about is the real estate, because we see an extraordinary move being done to take control of the land, the real estate, including farmland, which is very much related to the food.

There are all sorts of games that can be played with the banking system to default people on their mortgages, and of course, interest rates and inflation are part and parcel of that.”

As noted by Austin Fitts, the process of reducing the homeownership rate has been going on for decades. It’s related to monetary policy, because inflation has doubled the average payment on the median-price home in America over the last four or five years alone. So, the younger generation is being completely wiped out and cannot afford to buy homes.

It’s also related to another Great Taking, which is the fraudulent inducement of student loans. Most of the big banks are paying close to zero percent for their capital, while students with loans are paying 5% to 9%, and those with credit card debt are paying 17%. “It’s an extraordinary differential in the cost of capital that’s literally engineered into the system in a very unfair way,” she says.

A System to Rob Us of Our Security Assets
Austin Fitts goes on to review Webb’s background, and how he came to the discoveries he made. In summary, financial regulators have created a way, through the custodian system, of robbing 100% of the security assets as a senior creditor, most likely through a default of derivatives.

Austin Fitts is not overly concerned about this, though, because while Webb believes a legal pathway has been created through the Uniform Commercial Code (UCC), Austin Fitts and her experts don’t think it’ll stick. “We are still looking for a UCC expert who can figure this out,” she says.

What Webb has proven, however, is that there has been an extraordinary effort by the financial regulators to assert control of ALL collateral. Austin Fitts believes this was done to keep the financial bubble going.


“The reason I’m not worried about a grab of the securities in the near future is because I think the way you grab assets is by getting financial transaction control to the banking system,” she says. “Once you have that, you can do everything. You can take 100% of the assets, including securities. So, I think financial transaction control is coming faster.

I think in terms of sequencing, a grab of all the securities is not near. What David would say is, if they get themselves in a corner, they have to do it. My feeling is they have so many ways out of a corner, it’s not necessary. What they’re going to do is what I’ve seen them doing, which is pushing for financial transaction control.

But here’s what’s great about David’s research. No one goes through the bother of doing what they’ve done if there’s integrity in the system. I think David has proven, yet again, that the financial system is lacking integrity and is engineered to benefit a few at the expense of the many.

The other thing I thought was very good about his book was, he describes the game in terms of insiders and outsiders to the banking system through the Great Depression — how your bank could fold; you lose your deposits, but you’re still liable for your mortgage.

And of course, that’s how you get people’s real estate. You abrogate your income obligations to them, but then you hold them accountable for their debts.”

There’s No Safe Harbor for Anyone
It’s telling that Webb started this journey because he was trying to figure out how to protect his own family’s wealth only to, in the end, realize there is no safe harbor, not even for a financial insider like himself. The system is completely rigged from every angle. The sober realization is that there’s no getting away from this Great Taking.

We must face it head on, and do the work necessary to change the system so that it protects everyone. Part of that work is to make our political representatives understand what is happening, and that it is in their own self-interest to protect financial freedom.

Many of them are extraordinarily wealthy, and they too stand to lose everything if they don’t take action. They’re not insulated from this Great Taking. Like Webb discovered, there’s no safe harbor for them either. Webb’s contention is that the situation is salvageable, but we do need some kind of reset.

Just not The Great Reset the globalists have planned. One possibility would be to implement a small tax on digital transactions, like a fraction of 1%. The revenues generated from that transactional fee could fund the government, doing away with income taxes, provided we don’t have to engage in international wars.

Top Three Financial Drains
According to Austin Fitts, the top three things that are draining our wealth are:


Tyranny
The use of environmentally damaging processes like industrial farming instead of regenerative farming, the hardware required for the control grid and the electromagnetic field radiation that goes with it
The control of innovation, which prevents cost savings

All three of these are alterable. We can eliminate these financial drains, but we can’t start there. First, we need to secure our financial transaction freedom, because everything basically hinges on that. If we lose that, we’ve already lost everything else.

Three Basic Action Items
Again, be sure to download Solari’s financial transaction freedom memo. It details the problems, and the solutions. “Do what you’re comfortable doing,” Austin Fitts says.


“One is using cash. And when you use cash, start talking with local businesses and find ways of interacting locally that will give you more local resilience. And of course, the big one is food, because I don’t know a way of getting food that is safe, other than knowing where it’s coming from and knowing the people who are producing it …

The third thing you can do is to bring transparency, and this is really important. If you go to Solari, we’ve put together a list of short videos on CBDCs and financial transaction freedom. The first one is the one-minute video of the head of the BIS basically saying we can make the rules centrally and enforce them centrally with CBDCs.

The second one is Neel Kashkari, head of the Minneapolis Fed, one of the 12 Fed banks, saying ‘I can see why the Chinese would want this because it gives you complete surveillance and control. But why would Americans ever let this happen?’ If it’s so bad that one of the Fed presidents is telling you you don’t want it, that’s very helpful.

Then we have Bo Li [deputy managing director of the] IMF talking about the programmability of money, so if they decide you can only eat bugs and no pizza, your money will only buy bugs. And then the last one is Richard Werner talking about a top central banker telling him that CBDCs, ultimately, will be a chip that they want to put in your hand.

We need to tell people what’s going on and help them understand how serious this is, because it’s hard for many to fathom that somebody would want that kind of complete control. With AI and software, you can deliver that kind of complete control.

With a very short video, one minute or less, people get it. And that’s the point at which you can turn to your state legislators and your state banking association and say, ‘OK, what are you guys going to do to make sure I don’t end up like the Tennessee truckers?’

What’s very interesting … the states have the power to assert complete sovereignty over the money and the cash flows within their area, and to protect them. Now, they haven’t done it. And one of the reasons they haven’t done it is the Treasury and the central banks have been very good at making it financially attractive to buy into the federal system.

[Eventually], it’s going to be more important to be sovereign and free than to get another $2 billion in education — an education that requires you to teach your kids how to be sex slaves.

So, one of the things you can do bring transparency, but start working with your bankers, with your State Bankers Association, your state legislators, and encourage them to take the steps. And if you look at the Financial Transaction Freedom memo, we list all the different things that a federal legislator can do.”

Why We Need Sovereign State Banks
North Dakota already has a sovereign state bank, and the Florida State Legislature is getting ready to introduce legislation for state banking in the state of Florida. Tennessee is looking at ways to create independent payment systems, and is in the process of starting a Bullion Depository and authorizing their treasurer to start buying gold and silver.

These are just some of the strategies that can, and need, to be implemented by all states. As noted by Austin Fitts, “The only way I can protect my individual sovereignty is if my state protects my financial sovereignty.” And states can do that by implementing sovereign state banks that are not tied to the central banking system.


“If you have a sovereign state bank, what that means is, your citizens are paying taxes into your accounts, and you have the ability, working with the state banks and credit unions and financial institutions, to keep the transactions going so that the Treasury or the central bank can’t lock you down or shut you down.

I mean, that is amazing. If you also have a bullion depository, then you’ve got gold and silver reserves and that makes it easier for other people in the state to have a depository they can trust, and that means they can start doing transactions with gold and silver, particularly if you take the sales tax off.

Tennessee has taken the sales tax off golden and silver. And there’s a big squabble now — several states have put in bills making gold and silver legal tender, but do it in a way where the Feds can’t charge capital gains, so that you can use gold and silver as currencies locally. It’s a great way to start a local currency.”[/]

A Building Wealth Reset
In conclusion, what we need to do, first and foremost, is to regain and safeguard our control of our financial transactions. Next, we need what Austin Fitts refers to as a “building wealth reset,” a reset of the financial system that allows us to build both living equity (health) and financial equity.

And we can do that. While it may seem as though we’re on a speed train headed for a brick wall, and that we have no way to get off, that may simply be an illusion. We probably have far more choice than we think.


[I]“During my litigation [against the government], I had many different attorneys, and they would surround me and say, ‘You have to do this, you have no choice,’” Austin Fitts says.

“And I would say ‘I refuse. I’m not going to do that.’ That’s a choice. And then, what would happen? Suddenly, an option would open up that wasn’t there before. In other words, my refusal to go down the pathway that I had no choice created a new choice.”

Remember that as you move forward. Refusing to be part of the system may seem impossible, but the very act of making the choice to refuse may be the very thing that opens up brand new possibilities and options. Certainly, there are paths to victory, beginning with getting state leadership to get onboard with sovereign state banking.

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[arwen]

Word has indeed spread, it finally got around to me....:chuckle:

Excellent educational need to know. Now THIS is the Global Financial system explained. I never have been able to understand it all before, I just do not think like that. Simple I am.

I can only add to the conversation by highlighting the part that amused me the most (dark humour - funny, not funny) - when David stated that even the wealthy had no idea what was coming, that they think they are special, and his message to them is "You ARE special. They are saving you for dessert".

:laughs:

(Sorry, I will shut up now and leave the grown ups to talk while I go and educate myself some more) :bigsmile:

[Bill Ryan]

This interview of David Webb by Mike Adams was published just a few hours ago, and I've not listened to it yet. But it definitely seemed valuable to post it on this thread. :thumbsup:

The Great Taking creator David Webb talks to Mike Adams about the coming financial COLLAPSE and mass CONFISCATION event

https://www.brighteon.com/f0e58a84-9790-48d9-8f5d-7c94ac918874
f0e58a84-9790-48d9-8f5d-7c94ac918874

[ThePythonicCow]

David Rogers Webb's new book"The Great Taking"
Here's another fine explanation of "The Great Taking". It's one of the best that I've heard so far, from the inestimable Ivor Cummins:

The Most Important Personal Finance Insights you may ever Benefit From!
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