"The Great Taking"
Scary Story, But There Are Counter Arguments
David Webb’s book and documentary are creating quite a stir. In both, he describes decades of the systematic eradication of the rules, laws and regulations that protect private property and markets, some of which stretch back to Roman law.
On the other hand, another brilliant man, Martin Armstrong, provides the rebuttal.
The Great Taking – or the Great Misconception
Particularly since the early ‘70s, this demolition began in earnest. Two developments, the creation of the Depository Trust Corporation (DTC) and the emergence of derivatives were crucial to the situation holders of private property knowingly and unknowingly now find themselves. Insiders (perpetrators) understand (as do a few of us trying to warn people), and have been taking steps to protect accumulated wealth.
Webb’s documentary shows how the global financial system has been re-engineered to lay a path to the central banks owning everything as Klaus Schwab has famously predicted. Armstrong, on the other hand, says that attempting to implement that is unlikely and would go poorly for everyone, elites included.
The elites have done this behind the curtain. It is the equivalent of a financial sucker punch decades in the making. However, to quote the great philosopher Mike Tyson, “Everybody has a plan until they get punched in the face”.
If we woke up one day, and the elites announce that they have taken everything from everybody, it would require military participation to enforce it. Why would the world’s militaries agree to it? A quick review of Roman history shows that the Roman Army eventually realized that they had the power to dictate who was to be emperor, as well as the power to unwind that choice.
Watch the video and read Armstrong’s comments. I am in Armstrong’s camp, by and large. Webb gets a huge amount of credit, though, for exposing what has been done to us.
you put your money into a black box. You get to 'buy stocks' within the black box that go up and down in relation to the real stocks. Then you can pull your money out. Similar to a bank, as long as everyone does not pull their money out at once it all works. If the black box ever breaks, everyone that has money in it will lose it. MFGlobal is an example of this.
No body owns what they think they own. His argument is extending this to everything that uses debt instruments. (mortgages, car loans...)
Armstrong is saying that when this breaks the gov will not be able to confiscate everything. and revalue it. Like they did gold.
I certainly wish I had a stock certificate for the stock I think I bought. But similar to buying real metals vs paper metals. There is a premium to buy actual stock certificates. Stock premium is many multiples of the price.
Even then, if the whole thing goes bust. what is that company going to be worth. As many companies sole earning product is their inflated 'paper' stock price.
They can wipe the stock markets off the face of the earth and most people would not care. But taking houses, cars, and business I don't think will happen on mass scale. as armstrong says, it would cause a revolution. But it will happen in niches and people will rubberneck, say they victim did something wrong and move on.
Silicon valley Bank is an example of this. They had some hedging issues that were questionable. but basically they owned t bills. very conservative. They had a run on the bank and had to mark to market and it crashed them. Any bank today that had a run on it would suffer the same consequences.
great taking: my spider senses went off when he talked about taking a transactional fee for all moved money to replace taxes. Basically; the gov will run on credit card type fees.
Interesting. But total fantasy. Would certainly need to be a much smaller government.