The GREAT TAKING: "Buy Gold and BURY IT" - Chris Martenson w/ Mike Maloney
Summary
TLDRIn this thought-provoking interview, Mike Maloney and Chris Martinson discuss the precarious state of the financial system and the importance of personal control over assets. They delve into the implications of 'The Great Taking', a book by David Webb, which reveals how financial institutions have rigged the system to their advantage, leaving investors potentially vulnerable. The conversation emphasizes the value of tangible assets like gold and the need for individuals to secure their wealth through direct ownership and prudent strategies, especially in the face of increasing global uncertainty.
Takeaways
- 😶 The interview discusses the idea that financial systems and assets other than physical gold can be at risk and less controllable.
- 🌐 Mike Maloney and Chris Martinson talk about the current state of the world, including the pandemic revealing underlying issues and a perceived increase in visible evil.
- 📚 Chris Martinson has been researching the implications of 'The Great Taking', a book by David Webb, which outlines how financial laws have been manipulated to favor large brokerages in times of crisis.
- 🏦 It is suggested that the financial system is rigged to ensure that big financial institutions are protected at the expense of individual investors during a crisis.
- 📉 There is a concern that people's investments in stocks, bonds, ETFs, and funds are actually IOUs, with the institutions having first claim on the assets.
- 🤔 Chris Martinson expresses difficulty in finding transparency in the actual ownership of shares, suggesting a lack of accountability and potential risk for investors.
- 🏡 Both speakers advocate for personal measures to protect wealth, such as investing in tangible assets like gold or farmland, as a hedge against systemic risks.
- 🌳 The conversation highlights the importance of self-sufficiency, including owning farmland and growing one's own food, as a means of safeguarding against potential societal and economic collapse.
- 🚨 There is a warning about the potential for escalating global conflicts, such as the situation with NATO and Russia, and the danger this poses to world stability.
- 📈 Mike Maloney mentions his investment in Tesla shares and the decision to take physical delivery of stock certificates due to concerns about the security of digital holdings.
- 🔒 The interview emphasizes the theme of control, suggesting that true security comes from direct ownership and possession, as opposed to digital or indirect claims on assets.
Q & A
What is the main concern expressed by Mike Maloney and Chris Martinson in the interview?
-The main concern expressed by Mike and Chris is the loss of control over personal wealth and assets due to the changing financial systems and regulations that favor large institutions over individual investors.
What does Chris Martinson suggest as a way to maintain full control of one's money?
-Chris suggests buying gold and burying it in the backyard as a way to maintain full control of one's money, as it is a tangible asset not subject to digital or institutional manipulation.
What is the 'Great Taking' referred to in the conversation?
-The 'Great Taking' refers to the book by David Webb, which discusses how financial regulations have been changed to protect large financial institutions at the expense of individual investors in the event of a crisis.
How does Mike Maloney describe the current state of the world in relation to the concept of evil?
-Mike describes the current state of the world as one where evil is having a 'field day,' wrecking things left and right, and that the pandemic has unveiled or revealed a lot of the existing evil.
What is the significance of the Tesla shares in the context of this discussion?
-The Tesla shares are used as an example to illustrate the concept of indirect ownership and the lack of transparency in the current financial system, where investors may not actually own the assets they believe they do.
What is the role of the DTCC in the discussion about financial ownership?
-The DTCC (Depository Trust & Clearing Corporation) is mentioned as an entity that holds book entries for shares, which contributes to the indirect holding system and the lack of transparency regarding actual asset ownership.
What is the connection between the financial system and the concept of bail-ins as discussed by Chris Martinson?
-Chris Martinson connects the financial system to bail-ins by explaining that, in the event of a bank's insolvency, the bank can take money from customers' accounts, which is similar to how financial regulations protect institutions over individuals.
What is the purpose of the webinar mentioned in the script?
-The purpose of the webinar is to educate people on different strategies to safeguard their wealth and provide more control over their financial assets in an increasingly uncertain and rigged system.
How does Chris Martinson view the current state of the legal system in the US?
-Chris Martinson views the current state of the legal system in the US with skepticism, stating that his faith in the justice system is at an all-time low due to the influence of lobbyists and the lack of moral integrity in Congress.
What advice does Chris Martinson give regarding living in cities in the current climate?
-Chris Martinson advises against living in cities, suggesting that people should have a plan B and consider moving out of urban areas to safer environments, especially given the increasing violence and instability.
Outlines
💡 Financial Control and the Great Taking
In this paragraph, Mike Maloney and Chris Martinson discuss the importance of having full control over one's money, suggesting that gold is the only asset that offers such control. They delve into the concept of derivatives and how most financial instruments are merely IOUs, with the big brokerages having first claim in the event of a crisis. The conversation touches on the revelation of societal evils due to the pandemic and the importance of being prepared for the consequences. Chris shares his research into 'The Great Taking,' a book by David Webb, which details how financial laws have been manipulated to favor large institutions at the expense of individual investors.
🏦 The Illusion of Ownership and Financial Systems
This paragraph explores the concept of indirect ownership in financial systems, where investors hold security entitlements rather than direct ownership of assets like stocks and bonds. Chris Martinson explains the complexities of the current financial system, where the actual holdings of brokerage firms are not transparent, and the lack of a clear accounting trail for assets. He emphasizes the importance of control and possession, suggesting that only tangible assets like gold can provide true control. The discussion also touches on the upcoming webinar that will cover strategies for financial protection and control.
🌐 Global Tensions and the Quest for Control
The conversation shifts to global political tensions, with a focus on the potential for conflict due to NATO's expansion towards Russia's borders. Mike and Chris discuss the historical parallels to the end of the Roman Empire and the rapid pace of current events, including the conflict in Ukraine and the potential for a wider war. They express concern over the erosion of freedoms and the increasing acceptance of censorship and legal flexibility. The paragraph concludes with a call to find community and prepare for personal safety, including growing one's own food and considering relocation from urban areas.
🚨 Escalating Global Crises and Personal Preparedness
Chris Martinson and Mike Maloney discuss the rapid escalation of global crises, including the potential collapse of political and monetary systems, as well as supply chain disruptions. They highlight the importance of personal preparedness, suggesting that individuals should safeguard their wealth and consider tangible assets like gold and silver, as well as farmland, which has not experienced the same bubble as other markets. The conversation emphasizes the need for a plan B, especially for those living in cities, and the importance of community and self-sufficiency.
🌳 The Importance of Farmland and Community
In this paragraph, the speakers continue the theme of personal preparedness, focusing on the value of farmland as a stable asset that has not been affected by the market bubbles seen in other sectors. They suggest that moving out of cities and establishing connections with rural communities could be a wise strategy for those looking to safeguard their future. The conversation also touches on the importance of having a plan B and the potential dangers of remaining in urban areas, especially as societal and economic pressures increase.
Mindmap
Keywords
💡Control
💡Derivative
💡Pandemic
💡Evil
💡Crisis Investor
💡The Great Taking
💡Indirect Holding
💡Bail-in
💡Security Entitlement
💡Webinar
💡Fractional Ownership
Highlights
The importance of having full control over one's money, with gold as a tangible asset.
The unveiling of societal evils due to the pandemic, leading to a clearer view of the world's issues.
The concept of evil as a force that seeks to destroy, currently rampant in various global scenarios.
The necessity for individuals to prepare and protect themselves from societal and financial threats.
The book 'The Great Taking' by David Webb, which discusses the manipulation of financial rules by brokerage houses.
Investment in physical assets like gold and silver as a way to maintain control over one's wealth.
The shift from direct ownership to indirect holding in financial assets, leading to a lack of transparency.
The potential for financial institutions to take unsecured creditor funds in times of crisis, similar to a bail-in.
The lack of a clear accounting system to verify the actual holdings of brokerage firms.
The idea that possession equates to control, emphasizing the security of tangible assets like gold.
The upcoming webinar on June 15th, featuring six experts discussing strategies for financial control and safety.
The risk of digital currencies replacing traditional assets, leading to a loss of control for individuals.
The impact of geopolitical tensions, such as the situation between NATO and Russia, on global stability.
The importance of community and self-sufficiency in times of crisis, including growing one's own food.
The advice to leave urban areas and seek safer, more self-sufficient lifestyles, especially for city dwellers.
The potential for political, monetary, and supply chain collapses, and the need to prepare for unknown future disasters.
The comparison of current events to historical periods, such as the fall of the Roman Empire, indicating a rapid decline.
Transcripts
if it's not something
real uh it's at risk if you want full
control of your money you buy gold and
you bury it in the backyard everything
else is a derivative of slightly less
and less
[Music]
control hi this is Mike Maloney and I've
got my friend Chris Martinson on with me
for this interview and Chris is a friend
of mine he also bought a farm
uh and Chris how are you doing I am
doing really well thank you Mike a
little nervous these days but I just
poured into the farm yeah you know
everything is it's like the world has
gone crazy uh but you know I think what
has happened a lot of stuff has be has
been unveiled it's been revealed because
of the pandemic and everything that has
happened since uh I think a lot of the
evil that we see uh existed and but now
you can actually see it what's what's
your take on that you know um I've
actually turned back to to reading the
Bible and and I saw a tweet that finally
encapsulated why and the Tweet said I've
turned to God not because God made
himself known to me but because evil
did huh interesting it's a pretty strong
explanatory I I it's you know my
definition of evil mic is it just likes
to wreck stuff and boy it's it's having
a field day right now they're just
wrecking stuff left and right in my
country and and and uh all over the
world so so that's how I see it now and
I think people need to be ready for that
and I I do think there are things you
can do to protect yourself obviously
from that uh on all Dimensions but but
let's be clear um the people who are
currently in charge are wrecking things
yeah uh you know there's a book that uh
a somebody that we have both researched
uh David Webb came out with a book
called the Great taking and in it uh I
thought it was a shame that he sort of
read wrote it from a conspiracy theorist
angle uh because of the evidence that's
in there and you have taken a deeper
dive uh into the he sort of started the
ball rolling with his evidence and you
really took a deep dive into this but
it's basically about uh the big boys uh
all the big brokerage houses and stuff
uh changing all the rules so if there is
another big financial crisis they are
the ones that are made whole and you are
the last person you think that you own
stocks and you own bonds and you own
these ETFs and and funds and so on but
you're actually own owning an IOU for
those things and they have first claim
on it so I I did a few videos on this
but I did not go super deep into this
like you did so I want to talk about
about that uh also I actually you know
I'm I'm a precious metals investor first
and foremost because I I I do very very
well when there's a crisis so I'm a
crisis investor but uh I
also uh was investing in Tesla shares
and I actually took delivery of paper
Tesla stock certificates because I did
not want them the great taking scared me
so much I didn't want anything on my
brokerage platform for him anymore so
can you tell us a little bit about this
sure so um first thing I do in something
like this I read the book and I'm like
oo it sounds very alarmist and and I
researched David Webb I found people
who' worked with him real guy he is what
he says he was right not that that's
important you know Mike Mike he he put
all his references in the back he's my
kind of guy so I started chewing through
these references I never in a million
years thought I'd be out there learning
legal speak and going into title 11
bankruptcy and title 12 banking laws and
article 8 Uniform Commercial Code but I
did there I went as far as I could to go
oh yeah this is a thing right and and
this thing is um and I've found and
since then I've talked with lawyers
who've been deeply involved in this and
people who work at the dtcc and all of
this and uh to get to the source and two
things pop out of this the first is I
don't think in 1978 when they first
started this mik they didn't sit down
going oh you know in 50 years it's going
to be this thing it just grew and then a
crisis happened and then they added some
moreon and they did more but every time
it was lobbyists and you know how they
work they're like you know what would be
good for our clients you know and
Congress is just absolutely shot through
with people of no moral Integrity
whatsoever so they always caved and gave
these lobbyists what they wanted so
whether came about through active
conspiracy or it's just what people do
when they can write laws in their favor
guess what they do they write laws in
their favor um and so when you get to
now and you go okay well what do we have
we have a system that if or I should say
when we get into a next financial crisis
uh all the laws are written in such a
way that heads they win Tales you lose
right that's it's just how it is so I'm
sure to make it as simple as I can we
we're all familiar I think and your
readers listeners for sure familiar with
the idea that when you give money to a
bank and you put it in your bank account
you are an unsecured creditor of the
bank and that above the 250,000 FDIC
limit which is external
Insurance uh you you you might be
subject to a bailin right they'll just
take your money to help cover up their
problems it's like it's like we're
sitting down at a at a blackjack table
and the bank is sitting there and there
you are and they run out of chips and
they just like reach over and they take
yours because that's how they play the
game right right so they take big risks
heads they win take big risks they make
big returns they keep it oops tails you
know they they busted you know they went
to 22 three hands in a row and uh and
now they need your money to help help
make them whole again that's the game
well guess what that's the game that's
been written across the whole of the
universe of stocks and bonds too right
with derivatives in shrined as the
senior one of the most senior types of
contracts called qualified Financial
contracts
these are the bets they all play with
each other and here's the thing the
second thing that I learned about this
Mike that just boggled me I couldn't
find a single person who could answer
what I thought was the simplest of
questions so let's take your Tesla
shares for instance there they are
sitting on your brokerage account says
hey Mike these are your Tesla shares
well they don't actually have any Tesla
shares either they have a book entry
with another firm which has a book entry
with another firm that says well in
total your brokerage is supposed to hold
a million shares of Tesla some of them
are yours the rest belong to everybody
else I couldn't find a single person who
could answer for me definitively do we
have an accounting that I can view that
will show that those actual shares that
they say are being held for you are
actually being
held there doesn't exist because it goes
behind two walls of private corporations
that you can't see they don't have books
they don't have any SEC filings it's a
trust us kind of a situation which is
like well that's weird shouldn't
ownership be like a really easy thing
like who owns them well that should be
an easy question to answer but it's not
because we don't have a direct ownership
model anymore now that you have your
physical shares you have a direct
ownership but we don't have that for any
other instantiation of that those things
are held in what's called indirect
holding and an indirect holding means
you don't hold it directly so you don't
actually have you have what's called a
security entitlement which is a
contractual claim in a string of
contractual claims and if that makes you
queasy well it should because what I
finally after all my analysis I boil it
down to this
listen possession is 10/10 of the law
right do you have it under your control
or not so control is the operative word
you think you control those Tesla shares
on your brokerage statement The
Brokerage thinks they control them so
does this entity so does this entity and
so the question is who controls them if
you want full control of your money you
buy gold and you bury it in the backyard
everything else is a derivative of
slightly less and less control so first
thing people have to decide is where are
they on this control Continuum that's
what our webinar is about is showing you
all the things you can do from No
Control to maximum control and everybody
falls somewhere along here and there's
no right answer it varies for everybody
but the second axis that you have to
resolve is how much Faith do you have in
the legal system that it is going to f
fairly adjudicate the rules as they're
written in a way that would be um well
understood and favorable to you and I
gotta be honest my faith in the justice
system in the US is approaching an
all-time low it's this stock is on a
downturn it's not doing good well it's
like uh my faith in the uh medical
system Big Medicine big Pharma uh my
faith in
the stock market the all the brokerage
houses uh the um I would say that the
great taking the book shook my faith uh
in the financial system just as much as
the pandemic shook my faith in the uh
the in big Pharma so in in the medical
industry uh so you've got a this webinar
coming up uh tell us a little bit about
it sure June 15th it's a live webinar uh
so we're going to have different
recorded pieces from each of uh six
experts in there talking about
everything from you know 401K types that
you could run uh portfolio management
things like that plus you know how the
system works David web will be there and
really wow yeah be great yeah we we yeah
he you know he's got a farm in Sweden
and I've got one in western Mass and and
we're doing a little we're going to go
visit each other's Farm someday when we
can both get around to it just because
you never know these days right where
where's the right place to be who knows
shook my faith in my ability to pick uh
because I watched in Co I watched Canada
and New Zealand two places I thought
about seriously once upon a time go
completely bat crazy right um so I kind
of shook my faith in my ability to pick
so uh it's June 15th of course you could
always watch recordings afterwards if
you get a ticket to this thing um but
there'll be live Q&A and it's going to
be about 6 hours and we'll cover six
different strategies people could pursue
uh that will give them hopefully more
control because my goal here mik I just
want people to be safe I just don't want
to see people have their wealth
evaporated because some raccoons wrote
some laws and decided it belonged to
them you know I just hate to see that
happen yeah it's it's uh interesting how
uh the game keeps on getting rigged more
and more and more so that the big boys
always win and it's it's basically
changing all of the laws so that it's
another type of bailin it's like Cyprus
the banks uh you know should have gone
under but what happened was the
depositors uh took you know it used to
be uh like in the United States we've
got FDIC Deposit Insurance but when that
runs out it's the uh taxpayer so you
bail out yourself anyway well now
they're just going to give you a big
haircut on whatever stocks and bonds you
think think that you own for your
retirement uh you know so it's basically
your IRA is at risk every everything if
if if it's not something
real uh it's at
risk yeah well and think about like your
Tesla shares those represent a
fractional ownership right of the
company hi I just wanted to take a
moment and thank you for subscribing and
mention that if you'd like to help our
Channel please consider my company
goldsilver.com the next time you buy
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Investments thanks for making
goldsilver.com your dealer and now back
to the video Yeah well and think about
like your Tesla shares those represent a
fractional ownership right of the
company that's what a share is you
you're a shareholder you're a part owner
of the company if you have enough shares
you own the company right um so I think
that's what this is really about you
know what did we see in Co it was all
about control Mike W this restaurant has
to close that store can stay open we
want digital passports vaccine passports
they it was just all control right so
I'm concerned that there'll be this
crisis right oh no and there'll be all
this panic in there you know markets
have been closed for 48 hours 72 hours
we're not sure it's very bad and then
we're going to get that that that moment
right where they go oh Mike bad
news two options for you your brokerage
account is totally upside down we don't
know you could try and see how that
resolves over the next 10 years as it
works its way through the court system
but we're feeling beneficent we the
Federal Reserve so what we're going to
do is we're going to offer you an
offsetting equal amount in Central Bank
digital currency what would you like
500,000 locked up forever potentially
you might not get back pennies on the
dollar or 500,000 in fed bucks which
which you can have right now and a lot
of people will take that but if you
watch what just happened very carefully
was you got fed bucks and you lost
control you are no longer a controlling
owner of something or or have a
controlling interest I think that's what
this whole game is about it's about
stripping us of
control wow interesting yeah it you know
when we talked earlier I I said I think
we're in for a very bright future if we
can get get through this next five or 10
years uh but uh the the things that are
happening in the world right now are
really very very scary and uh people
don't see they they seem numb to all of
it they you know when I
was in the 60s and the 70s we went
through that period at the end of the
Vietnam War and all of the protests and
everything and people were very very
concerned about nuclear proliferation
and so on and uh here we are uh today
and you know we've got all of these old
dangerous uh nuclear missiles all over
the world and now um a lot of people
don't realize you know yeah Putin is a
very bad guy but we've also been
provoking a potential outbreak of of
World War III basically by this
encroachment of NATO closer and closer
and closer to Moscow uh and Putin just
won't allow a NATO country right on his
border and it's the same thing as when
uh we wouldn't allow Cuba to have
nuclear missiles uh it it you know right
on right off the coast of Florida that
was just unacceptable to us and so um
it's it amazes me that people are not
more upset about this more knowledgeable
about it that they they aren't as
curious that they're just numb to it and
and then the things that are happening
at home uh with the slow degr
degradation of our freedoms uh the uh a
lot of people being okay with
censorship uh with this like we talked
about being able to this flexible legal
system that doesn't really have like set
rules that we've followed for 200 and
something years uh this all worries me
by the way for everybody watching this
is the basis of my new video Studio it's
I haven't gotten it painted yet so
you're just seeing it it looks pretty
Barren it is uh I promise that it'll be
better later so uh anyway so what are
your comments on all of this
well it it is speeding up this is sort
of the quickening um and and I think
that what we're experiencing must be
equivalent to what I read in will
Durant's books about sort of the end of
of Roman times right it didn't end in a
single Emperor but you know started kind
of with Nero and slid and all that it's
just on steroids things just happen
faster now I think people are
overwhelmed rightly so because it's
things are coming too rapidly you know
you mentioned
Ukraine this is uh what are we Wednesday
so it was Friday 5 days ago heard that
Ukraine took some longrange missiles
that Russia said don't give them those
and they used them to take out one of
Russia's key over the horizon radar
facilities is there to detect nuclear
threats coming towards them from the
west and that that radar facility had no
military bearing on the Ukraine conflict
so was it Ukraine that decided that
should they should take out one of one
of Russia's key deterrence Radars for
for detecting nuclear attack which only
makes things more more vulnerable you
you can imagine or or was that some deep
State necon we don't even know who's in
Char like who made that decision I'm
pretty sure I didn't vote for that
person right you know and and and so
that's the world we're in and so that
happens and things are just happening
really really fast so so my my comment
is people re like you got to find your
community you know know who your who
your buddies are get to know them start
to learn to grow your own food like it's
time to just sort of like Get safe you
know and this isn't about how do I
participate in wealth creation you know
like go long like you got to start
thinking about how you Safeguard what
you have so that's what the webinars
about about safeguarding that gold and
silver you're the the world's expert on
that and I know that's just a a way that
everybody ought to be looking at but so
is soil and so is you know people ask me
what's your one piece of advice I'm like
well 70% of people live in cities and my
advice is don't right and I know that's
a pretty tall order
yeah right but I just can't see like
like I look at some of these videos now
they're shocking of what people have to
put up with trying to live in New York
City you know from just I don't know how
you live around that level of persistent
anxiety around the violence that's
starting to increase in that City for
all sorts of reasons right not least of
which is these migrants did you know I
went to Panama with Michael Yan and
Brett Weinstein and went into the jungle
to see one of these camps that people
walk towards um and Mike it was all
military age dudes from Afghanistan
Syria China you name it Haiti Ghana I
mean there were women there too but it
was overwhelmingly male and
overwhelmingly high testosterone males
of an
age wow that sounds pretty dangerous um
so yeah the world is in such a
precarious spot uh Farmland did not go
into a bubble and so you know you said
uh get out of the city uh the one thing
as far as you know
stocks uh everything is in a bubble
except uh from my analysis when you
compare the value of precious metals
compared to uh what everything else is
right now that seems to be not part of
the everything bubble but Farmland was
also not part of the everything bubble
it didn't go into a bubble and uh it's
it's still available so uh maybe your
advice if you live in a city
stop get out uh that might be some very
Sound Advice uh or make make some deals
with people you know who who have
already made that jump or something like
that but I if I lived in a city I'd
absolutely have a plan B I would not no
question about it yeah okay well uh I
think I want to leave it there but we're
in this part of uh time where it seems
like the political systems could
collapse the monetary system could
collapse the the supply chains could
collapse we just don't know what the
next disaster is going to be but I know
that there's always another crisis out
there in the future there I've seen them
periodically throughout my life and
sometimes like Janet Yellen said uh that
we'll never see a another financial
crisis in our
lifetimes I just know she is so wrong so
yes yeah anyway I want to thank you so
much this was a great interview and uh
so uh where can people what what website
can people go to to find you uh you know
me I'm at peakprosperity.com and if
you're interested in the webinar it's
peakprosperity.com
event2 the number um but we have tiles
up that you could just click on if you
came to Peak prosperity.com very simple
and of course we got a great community
of people there discussing all of these
things and more we we have the widest
ranging freefor alls we talk about
everything and anything we demand civil
database conversations but beyond that
literally everything's on the table and
boy got a lot to talk about these days
so yeah that's what we do okay okay well
thanks it was a great
conversation thank you Mike appreciate
it
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